The pioneer press. (Miller, Hand County, S.D.) 1893-190?, 1897-10-14
RECEIPTS ARE GOOD.
THE NEW LAW is DOING GOOD
WORK.
treasury Experts Claim Little II ANY
Deficit for September. Withstand
Ing the VAST Amount OF Foreign
Goods Yet In the Country.
Washington Letterl

The second month of the operation of
The new tariff law is likely to relieve
Democratic statesmen and orators of
much Of the surplus anxiety with which
they have favored the country in re-
gard to receipts ander that measure.
IL is now apparent that the revenues of
the second month of the operation OF
the Dingley law will reach twenty mil
lions OF dollars, which is more than
that OF the second month Of the Will
son law, and that there will be little,
| II any, deficit for the month. The
revenues in the first twenty-five days
In the month amounted to 1862, 455,
and 1t is estimated by treasury experts
that the total for the month will be
$40 100000 in round numbers, while the
expenditures will probably be little if
any in excess of that sum.
This is in marked contrast with the
operations Of the second month of the
Wilson law. The act went into effect,
as did the Dingley law, within a few
days Of the close of the calendar month
and its operations were thus calculated
from the first day of the month follow
ing its enactment, as in the case in the
statements which are being made with
reference to the Dingley law. The Will
son law in its second month produced
a deficit of S13,573,S00, while it now
seems probable that there will be lit
tie if any deficit in the second month
OF the Dingley law. That the Dingley
law should have been able in it's first
two months of operation to have pro-
duced as much or anything like as
much revenue as did the Wilson law in
the two corresponding months of its
operation is remarkable, and is Of it
self an evidence that the Dingley law
when the business of the country
reaches it's normal condition, will be an
ample revenue producer. During the
months prior to the final enactment of
the Wilson law all dutiable goods up
on which the rates of duty were re-
duCed or removed were held back by
importers in order that they might
come in under the operations of that
law. The result was an enormous in
crease in the customs revenues under
that law the minute it went into oper-
alton. Indeed, the customs receipts in
its first month, September, 1894, were
larger than in any September during its
entire history and were only exceeded
in total amount on two or three occa-
sions prior 10 the thrush of foreign
goods which preceded its final repeal.
On the other hand, foreign goods were
rushed into the country as everybody
knows, at an almost unheard of rate
during the five months preceding the
enactr1ent of the Dingley law. the eff
feet being to almost paralyze the i'm
pOrtations during the first few weeks
after its final enactment. The increase
in importations of foreign goods in the
five months between the inauguration
OF President Mckinley and the enact
ment of the Dingley law was Sl05,347,-
032 in excess of that for the CORE
spending months of the preceding year,
an increase of nearly 40 per cent over
the normal importations of the CORE
spending period Of the preceding year.
The occasion for surprise then. is, not
that the receipts under the Dingley law
have been light, but on the contrary,
that they have been as heavy as they
are, up to this time, and that this act,
laboring as 1t did under especially adj
verse circumstances, should have been
able to outrun the Wilson law, which
came in under such especially favorable
circumstances as regards the customs
end of it's business. The following ia
bles compare the importations during
the five months preceding the enact
ment of the Wilson and Dingley laws
respectively and the customs receipts
in those months. and show clearly the
advantages under which the Wilson
law operated in the first months OF its
existence and the disadvantages under
which the Dingley law now labors in
the first months OF its operations.
Table showing imports and customs
receipts in the five months preceding
the enactment of the Wilson law:
Customs
Importatons Receipts.
April, 1894 IS 60,090,037 s 1O.176,691
May .... 5G,S12.727 9,79S,067
June ...... 51,7S3,712 S,S5S,876
July 65,302,065 S.427,33S