The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-03-26

= dAtct ALel -t4 Atti4I t.--N-'tJ.
Wool -....- .....-..-...-- h.aVAe1
J. Manufacture Of wool............. 2scDtV0
l. silks ......- ..............- laDlppO
~ Pulp ind paper. ......-........ 5-.u'l
SuIlr4-- ......-.. $50. --......... feplltJ.
This statement : on the supposi;ion
that the imports Of each class OF goods
would be the same the next fiscal year
as ia the fiscal year ended last June.
But a. the Imports OF wool were three
times as great, and those OF wooden
goods more than twice as great in
pounds a in 1923. the committee as
sumo that their excessive Importation
would be largely reduced by the pro-
posed bill. although the fact that our
domestic production OF wool has di-
minished 5000. 600 pounds since 1898
will necessitaie the importation Of
much more wool now than in the lat
Ter year.
Assuming that the importations of
wool will fall Of al least one-third
from those OF 1896. on account OF an
tl-luatory imports 10 avoid duties. we
place the increased revenue from this
source at sIl.eJ0 O00. Anticipating
also that the imports Of woolens viii
fall OFT nearly IS per cent. from the
enormous imports OF isad. we estimate
the increased revenue from this source
under the proposed rates at about STA
600 900.
From sugar We estimate $50. 900. 600
additional revenue
Anticipating considerable falling
of Of ports OF Havana tobacco be-
cause OF the revolution IN Cuba we re-
duce tbs estimates OF additional rev
enue TO be derived from the tobacco
schedule 70 $4,000. 600.
The remaining schedules would af
ford a revenue Of about thirty-nine and
a half millions on the basis OF the inn
ports Of SOD but a. there would prob
ably be diminished exports at some
points. although the gradual restora-
tion OF business activity would Offset
this by increasing the consumption of
imported Injuries. we reduce the esti-
mates on these To Sd. 900 600. These
would aggregate an additional revenue
Of $50. 600. 600 the first year. A further
reduction of five or ten millions for
contingencies. would leave $40. DOC. 900
b. SIS. 0OO. 100 a. the probable increased
revenue from this bill the first year,
which would undoubtedly rise u $780,
100000 the second year.
These estimates are below rather
taan above tine probable result. unless
a considerable delay ia the enactment
81 the bill should greatly enlarge the
opportunity for imports 81 articles on
which duties are to be raised -particu-
larly wool and wOolens for specrla-
tive purposes Undoubtedly any de-
lay beyond the first OF May in
placing the bill on the statute
book would result in large
lr,s ri revenue. This increase OF
revenue Is secured by transferring
wool lumber. crude opium, argole,
paintings and statuary. straw orna-
ments. straw mattings. burlaps and
various other articles from the free
list OF the present law to the dutiable
list. by increasing the duty on wool
ems TO compensate the manufacturer for
the duty placed ON wool; by raising
the duty on sugar about three-fourths
Of a cent per pound in order e
encourage the production of sugar in
this country. which. il is believed, vii
be done. and thus give our farmers
new crop. which we now import mainly
from abroad; by increasing the duty
on agricultural products affected by
Canadian competition. and on fine cot
ton goods. some advanced manufac
lures Of iron and steel manufacture
of jute, fax and hemp in order 10 en-
courage these and other industrie
here, and especially by increasing du
ties on such things as liquors, tobacco
silks and iaces etc
As a rule the rates Of duties propose
are between the rates of the tariff O
1890 and the tariff OF 1894. such reduc
ton Of rates from the former law, pre-
serving the protective principle, bein
made feasible by changed conditions.
The iron and steel schedule Is change
very little from that schedule in tn
tariff Of 1881 the change being er tirel
In the more advanced articles. TIL
same is true of the cotton schedule.
In the agricultural. wool and gla.
and carthenware schedules. alone. nj
the duties of the act of 1880 fully r,
stored as a rule and in few cases II
creased. with the view Of amply pr
tecting aud encouraging our farm
ing interests at every possib
point While the duty on clot
ing wool V larger in proportis