The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1897-05-06
WILSON VS.. DINGLEY.
Author OF tho Present law Crit.
clsos tho Dingley Bill
says ~ T. "thc Most Ultra Protective
Tarin Ever Proposed"-Wi1 I'm
courage Trusts aud Discourage
American Labor.

Ex-Posimaster General William L.
Wilson Is credited with the authorship
OF the tariff bin now ia force. His
hands were tied 40 that be could not
make the bin nearly a. good as De de-
sired 20 make g, and the bill us finally
passed was not nearly as good as when
IL Grst passed the house. ltwas, hove
ever. a great improvement upon the Nc
KIuley bin and is a model us compared
with the Dinglcy monstrosiiy. We
quote the following from Mr.. Wilson's
criticism Of the Mckinley gud uiurlcy
bills On a recent number a. The New
York Herald:
. These bills are so nearly identical iu
I general structure and particular items,
excepting as 20 the sugar schedule, that
+ 10 may be well 10 consider the effect of
. Che Grst bin on the revenue Of the c0uu-
try. Both bills are yastand yo.umiuous
schemes Of class taxation, The prOduc-
lion OF public revenue being ln incident
and entirely subordinate 20 Che purpose
q taxing an the American people for
. thc benefit % a small part 90 ODE pco-
/ pie.
/ The pr0tectIouist BIAS butoucTgmoly
. which De applies whether thc revenue
. te redundant or deficient u tIUC are
. prosperous, and more money Than is
needed pours into thc treasury, le ia-
crgascs taxes by q scheme that turns
the larger part % their ayli.s into pri-
vuic pockets. and this reduces public
revenue. n times are depressed and less
money than is needed pours into the
treasury, he seizcs the prctcyt of iu-
crcasiug public revenues by adding
enormously 20 The amount o. private
exaction.
The act Of 1890, whatever its other
effects, old reduce revenue. From q
. large surplus % swept us hcadloug 20 a
deficiency, although it weighted the
people with heavier taxes end although
another law, passed In July, 1870.
/. turned into the treasury as part Of the
general assets TO be used for paying ex-
pendituros trust fund Of more than
S54.000,OO which belonged 20 the ma
tlonal banks aud had always been held
ior the redemption Of their notes.
. Even before the Harrison admiuistra-
. ton ended We should have been con-
frontcd with a large deficiency but for
the use Of this trust fund and the fur
thcr fact that Secretary Foster, by a
change Of bookkeeping, added TO the
treasury balance seO,Ooo,Oo0 of token
aud subsidiary coin not before treated
as treasury asset. With these cNtraor
h dinary additions. even, We wound up The
fiscal year, June so, 1895, with sur
!. plus Of only Se,3ii,65t as against 1
n surplus for the fiscal year June 30
1890, ot over SS5000,O00 before IN,
Habove trust fund and subsidiary coil
were touched. And during the hsca
= year ended June so, iS9&, through al
u " which the Mckinley bill Twas iu force
expenditures exceeded the revenues q
re- the amount Of SC9,Sol,e6o, notwith
d. standing the fact tina; the expenditure
be- OF the government were Sl5,9'e,67i les
,c than In the preceding year
..| This statement shows how absurd an
= rroundless is the claim constantly mad
10 by the protectionists that rcccnt def
eits in revenues are due 90 the subst
tuition OF the existing tariu Tor the No
~ Kinley bill. Nothing is more ccrtai
than that n the bill had been iu fore
during tho last thrce years The aunu.
deficit would have been immcuscl
swollen, while the people 10 a season
's depression and hard times would has
.l staggered under much heavier burlcI
0n Of taxation. Even iu this disastrous p
"a riod. customs duties under the eNisilr
r. law have Increased from less than Si3-
n, 100000 IN 1894, the last year OF the N
Kinlcy bin, 90 over Slt2,ooooOo iu is
aud 20 over Sl6O,OOo,0oo in 1890.
In the sugar schedule alone thc bl
aucc in favor OF the existing law
M about S55.OOO,0OO The customs &C
W cnuc reached nearly Slo,ooo.Ooo, scare
. Is any Of which would have been 2
%. cciycd under the Mckinley bill.
a, That tho Diuglcy bill, present con,
tions considered. Is the most ultra pl
tcctiye tariG ever proposed 90
= enacted In this country plainly oppca