Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-11-26
NOT REASONABLE TO HOPE
For the Passage Of the Dinsley Bill Though
We Need Il.

, The following relative to tariff legis-
lation has been printed in the New York
| World as the statement made to "a rep
resentative of that paper by Hon. Nell
son Dingley under date of Nov. %.
see no reasonable ground for hoping
that the exigency tariff bill. passed by
the house last December. WIFI be taken
| nevertheless be gratified to see it passed
and sent to President Cleveland.
Notwithstanding the time of its con-
,inuance is already half gone. ! should
enacted. because an additional income is
needed by the government and because
would serve to check importations
made in anticipation of increased duties
But it should be borne in mind that the
passage of the exigency tariff bill this
winter would not make any the less nee
eSsary revision of the tariff on protec-
tive and permanent lines. The bill
which passed the House last December
was purely an emergency measure and
II would terminate by limitation in few
months. Aside from the duty placed on
wool. woollens and manufactured lum-
Der it was simply a 10 per cent horizontal
increase of existing entries. AS the re-
port OF the committee on ways and
means stated. such a treatment of duties
was justified only as a temporary meas
ure to meet an exigency.
NO member of the ways and means
committee would for a moment coun-
tenance this method as permanent ar
rangement. The idea that has been en-
tertained by some persons that the House
bill would make unnecessary any further
tariff legislation for a long time is GER
tainly mistaken for necessarily a hori-
zontal increase of duties does not correct
the inequalities and determinations of the
present tariff
The existing tariff is amply protective
in some parts. but thoroughly destructive
to our industries in Others and it is a
revenue destroyer.
The iron and steel schedule, according
to Senators Cameron and Quay is for the
most part satisfactory. The cotton
schedule is satisfactory as to yarns and
fine goods.
The duties on some other schedules are
sufficient. but the woolens, woods, the
lumber and many, other parts are de-
strucuve. The woollen goods schedule is
bad largely because the duties are ex-
clusively ad valonem, making frauds
against the revenue easy. The WOOL
grower and farmer should be protected
as well as other interests.
F The results of the election have
changed the situation materially.
z A President with different views on the
question of the sources of revenue will
assume office in three months. l hope a
in accord with the executive on this SUBJ
ject.
We should have at least $5O.OO0OOO in
crease of revenue. and it would be better
If the sum were 900. Besides. the
treasury reserve should be not less than
$3.50. 900. instead of the present accepted
limit of 500. 600 900 in gold.
& ThlS could be. accomplished by exchanE
ing paper now in the treasury for gold.
and it ought to be accomplished by the
beginning of the next fiscal year. IS
After July l there must be more rev.
emue or serious difficulties will arise.
Whatever Is done should be done quick
~, for business reasons. AS applied To