The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1897-05-29
THE TARIFF SITUATION.
Probabilities OF nm Increased Rev
enue from the senate Bill.

enue from the senate BILL
1t will take some little time TO arrive
nj an estimate of the probable revenue
from the senate tariff bill, If adopted
without change, and in offering no such
estimate at this time, while publish
ing the data which enable men Of both
parties to figure it out according 70
their own judgment. the committee
shows prudence. Obviously everything
turns upon two elements which are and
must remain uncertain. Every man viii
guess for himself how much the inl-
ports of certain goods will be reduced
by a proposed advance in duties, and
the only thing certain is that any esti-
mate based upon the enormous importa-
tions caused by the Wilson tariff would
lie deceptive. Perhaps it would even
be more reasonable 10 go back TO the
record of the calendar year following
the enactment of the Mckinley tariff.
since the one proposed is in most fea-
lures an approximation To the range
OF duties then adopted, though on i'm
portant classes of goods much lower.
But. again, every man must guess for
himself how large part OF the demand
for the first year will have been an
ticipated by the importations before
the measure becomes law. With i'm
ports exceeding SIS 900, 600 in week in
New York alone, il is evidently not
possible 10 form any estimate Of value.
Much will depend on the time taken TO
reach final action in the senate, which
no one can predict with much conf
6ence.
1t was stated quite recently by men
OF experience in the wooden goods bust
ness that at this time of year foreign
manufacturers and dealers would not
venture 10 anticipate the future course
OF the market TO large extent, so that
imports Of unusual magnitude were rot
probable. But the arrival Of wooden
goods OF S2.032,250 declared value in
single week al New York alone seems
10 render that opinion not holly trust
worthy. knowing how such goods are
underyalued, one might Judge that the
!mportations of this single week at one
port were equivalent 10 about tenth
of the entire consumption OF foreign
woolens in the fiscal year ls92, and with
goods already here il would not take
many such weeks 10 anticipate years
consumption. OF wool the quantity
now in the country is evidently greater
than has ever been consumed of i'm
ported wool in any full year. Now that
there are proposed duties on hides and
tea, imports of those articles may also
increase, though, owing to distance. not
so quickly as of goods drawn from Eu-
ropean markets.
1t is evident that the duty on hides
will be strongly resisted on the ground
that it viii do no real good TO the cattle
PRODUCERS of the west, but will material
ly embarrass the large and rapidly-in
creasing export trade in leather. The
proposed allowance of n drawback on
leather manufactured from imported
hides, even if it be considered practice
Bis. would obviously involve embarrass-
ments and incenveniences of no small
Importance. The duty would yield a
certain revenue, or might be made, with
others OF like character, the basis for
really effective reciprocity, and it IS
conceivable that for this reason mainly
il has received the support of some
thus far.-N. y. Tribune.