The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1897-05-18
f TARIFF L
Chairman Dingley's Statement as to the
Probable Additional Revenue That
Would be Yielded the First Year.

Probable Additional Revenue That
Would be Yielded the First Year.
WASHINGTON, May 11-Tne first
statement which Chairman Dinghy, of
the Ways and Means Committee, whose
name is borne by the new Tariff bill,
eince it was amended by the Senate
Finance Committee, was made by him
to day TO the Associated Press. Mr.
Dingley was requested to give some
statement as to the probable additional
revenue that would be yielded the
first year by the Senate Tariff bill, as
well as by the House bill, and he spoke
as follows:
"It must be borne in mind that there
is no Senate bill as yet. What is i'm.
properly spoken of as the Senate bill is
the House bill reported to the Senate
by the Finance Committee with GER
tain amendments recommended. What
the Senate bill will be when that body
shall have made it, no n can as yet
say.
while the amendments to the House
bill recommended by the Finance
Committee (about 7OO) appear to be
multitudinoUs, yet about 300 of them
are. mainly verbal There are, how
ever, many amendments which are
important, not only on account of rev
enue but OF other grounds. I will not
at this time speak Of these proposed
amendments except as they affect
revenue.
1.-The effect Of these amendments as
a whole-outside Of the amendment
imposing o duty on tea for two years
and a half, and the amendment in
creasing the internal revenue tax on
beer A cents per barrel for the same
period and the increase proposed on
tobacco and cigarettes-is to produce
less revenue than would be yielded by
the House bill. The proposed duty on
hides and a few other amendments
would increase the revenue somewhat.
"Of course, the estimate Of an in
creased revenue from sugar, through
an abrogation of the treaty with Ha-
wall, has nothing to do with the tariff
legislation, for this could be done as
we'll by accepting the House sugar
schedule as the sugar schedule pro-
posed. Tue Ways and Means Commit,
tee did not sven consider the question
Of abrogating this treaty, because they
took it for granted that If it was con-
sidered desirable to abrogate this or
any other treaty, it would be done in
the straightforward manner provided
by the treaty itself.
1.-THE fact that the Senate Finaf ca
Committee recommends an ad valorem
duty on sugar apparently a little higher
than the specific duty Of the House
bill, does not insure a larger revenue,
as past experience with ad valorem
duties has shown. In our judgment
the revenue from sugar under the
House sugar schedule Getting aside
the question of abrogeting the Ha.
waiian treaty. would be larger than
under the Senate amend ments.
THE proposed temporary duty on
tea would increase the revenue, al
though not SO much the first year as
estimated, because of the large stock
on hand and the short stocks that
would be maintained with the knowl
edge that tea would soon go back tc
the free list, and the proposed increase
of internal revenue taxes would also
increase the revenu to the extent esti
mated. But the other proposed
amendments would, as a whole, di
minish rather than increase the rev
enue."