The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-11
THE lNTELLlGENCER.
WHEELING, NOVEMBER IL, 1891


Inc feBihttft III an tultOIlhl cDhSeih-
Ing the present tariff law as a revenue
producer, critIclses 1t as "a tariff for de-
fcit." and seems 10 think that 1t Will
keep up record for deficit in the future.
Our neighbor will have hard work to
convince It's readers that this Republican
measure is worse as a revenue producer
than the Democratic tarff monstrosity
It supplanted The whole country
knows what that cost. It's entire history
was record OF accommodating deficits In
the treasury receipts, and bond Issues to
say nothing Of the business depression
which continued up 10 almost the mo-
ment OF Its repeal. AS a matter of fact,
the Dingley bill Is doing precisely what
its trainers predicted It would do and
what the Intelligent people of the coun-
try expected OF It. IndustrIally and in re-
gard to It's revenue features.
1t Is a matter OF common knowledge
that while the bill was pending In Con-
gress the andclpatory importations
were enormous. and that It was fully sI-
pected that these importatlons would
prevent a surplus OF revenue until they
were CONSUMED. 1t was calculated by
the administrative officers OF the treas
ury department that, in consequence Of
these circumstances, there would be a
deficit for some months following the
passage Of the bill, after which 1t would
Yield revenue adequate 10 meet the re-
qulrements OF the government, and even
produce surplus to be applied to the
payment Of the public debt. This was
thoroughly understood throughout the
country, and to-day there Is not single
carping critic OF the revenue situation as
Il now exists, except an occasional free
trade organ, which, in the face OF the re-
cord Of deficiencies made by the Demo
cratic tariff law, should remain silent for
decency's sake.
The only point OF consequence in the
Registers article on the Dingley bill as a
revenue producer Is the following:
The apologlsts of the measure pleaded
time at the end OF the first month OF Its
operations as the only element necessary
TO prove that 1t would be revenue pro-
Queer Well three months ought to be
long enough to test pretty accurately
that feature OF the bills character. The
October deficit in customs receipts was
i9.322,G
In view OF the causes above noted, no
one expected the receipts from customs
duties to reach the point where the de-
ficit would be wiped out within three
months. on the contrary the friends Of
the bill, while confident that It would
eventually Yield adequate revenues,
something that the Democratic tariff
never did, made an express statement
that II was not expected to do 10 within
the present fiscal year. Chairman Ding
ley. in reporting the conference agree
ment 10 tho house of representatives. on
the 10Th OF July, speaking for the ways
and means committee. stated that the
average revenue producing qualities OF
the Wilson law, then in force, were about
$3.50, 900 year from customs, but that
the Dlngley bill. according to the treas
ury estimates. would, after the anticlpa-
tory lmportaHons had been overcome.
and In the eecund year that It remained
on the statute books, yield In excess Of
1925 900 900. an incfcase over the Wilson
law OF $3.50 900. Mr. DlnEley continued
as follows. which shows that the Regis
ter has mlsrepresented the trainers Of
the measure:
ASH have already stated, II Is probable
that tho treasury has lost by antlclpa-
tory lmportatlOns OF wool. sugar, manu-
facturcs OF WOOL and certain other ar'l-
cleo on which the duty has been IN
creased, ut least SiO,0OOOO0. Now, this
10000. 900 must be deducted from this
S225. 900 900 which this bill viii yield. That
leaves slsj0OO 900. so that this bill, In
Guiding the internal revenue provision,
NEUTRALITY-SUSPICIOUS. the ioss III $1,000 900 by
antIcIpatory lmportatlons, n estimated
by tho members NJ the senate finance
committee az likely TO Yield fiS5,O0O,OO0
during the current fiscal year The
treasury officials however. put the rcve-
nue. from the proposed tarff for the pres-
ont yenr Mt tl77, 900, OO0-{S, 900, 900 less, II
must be borne In mind also that &32,OOO-
600 paid into tho treasury IN the last four
months on antlcipatOry importntlons
and Withdrawals, and credited TO the last
fiscal year, really belong to the revenue
for tho present fiscal year.
All partisan free trade comments to
the contrary notwlthstandInE, the results
nro bearing out Mr.. Dlngley's statement
as n the effect of the bill regarding It's
revenue qualities Direct TO the point Is
an adltorih In the Commercial and III
nancal Chronicle, Of New York, one Of
the greatest financial authorities ih the
country. The Chronicle NJ last satur-
day, In discussing the government IN
come and disbursements for october,
takes the most optimistic view N the III.
uitlon. with reference toItho income
for October" Gays the Chronicle, "wo
nre pleased to note that II IL favorable.
Roth customs dulin1 and informal rcyc.
nue thxoa Rhow satisfactory growth.
Customs fccolptr were only iGOssOOO IN
huyuut ana F,maooo iH September, white
m October they reached io7l3iOi Tbis
material aud continued development OF
lhAt branch Of the sorylco ~ an especial.