Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1897-05-29
MIR. ALDRICH EXPLAINS
The Effect OF Senate Amendments
to the Tariff Bill.
Tho Senator from Rhode Island Makes an
Exhaustive Statement In Regard to the
Schedules and Amount of Row
enue They VIII Produce.

o'clock Tuesday. Senator Aldrich
opened the debate for the republicans
He said:
The business OF the country is in state of
suspension, awaiting the action OF the senate
upon the bill under consideration. l believe
that the anxiety to secure action upon this I'M
portant measure at the earliest possible day is
shared by every member OF the senate. l can
say for senators on this side OF the chamber
that no time will be spent in the academic dis
cussion OF the principles of protection. IL Is
my purpose to keep the bill continuously be-
fore the senate, to the exclusion of all other
legislative business until it is finally disposedof
The committee believe that in the reductions
they have suggested from the rates imposed in
the house bill they have not gone In any In
stance below the protective point, and If the
bill should become law In the form presented
by them every American industry would be
enabled to meet foreign competition on equal
terms; that is, so far as this equality can be
secured by tariff legislation. The rates sug-
gested by the committees amendments are
considerably below those imposed by the house
bill, and in most instances below those con-
tanned In the act OF 1890
Industrial conditions in this country with
very few exceptions, do not demand return
to the rates imposed by the act OF 1890 The
bitter contest which is going on among the
leading nations of the world for industrial su-
premacy has brought about improvements Ia
hlcbuOuS uIu tCOHClHleS prOuuCLlOh W 1h Ca
tent which was not thought possible few
years ago.
The trainers OF the house bill estimate total
revenue from the bill OF 5000 ,7l0 in normal
years. This would be the largest revenue ever
received from customs duties, an increase oil
Sl13 479,T03 over the customs revenue OF lo9d
and OF $40, ,732, ,254 over that of 1893 The report
of the ways and means committee of the house
recognizes the fact that anticipatory tmporta-
tions will largely reduce the expected reve-
nues of the first fiscal year under the new
tariff; but after making allowance for these
importations the report estimated an increased
income OF S76 900 900 for the year 1898, provided
the law should be passed by May l. II its en-
actment we're delayed until July !, the report
added that $4,000 900 additional would easily
be lost to the public treasury
1t will be apparent frorl critical examina-
tion OF the provisions of the house bill that the
estimate OF s60,0OO0O0 increase OF revenue, If
the bill should become a law by July /, was eN-
ceSsive. To indicate the grounds upon which
this Judgment is based, we may take the wool
and woolen schedule from which s2i 900, 900 out
of $4,000. 900 increase is expected. The fact Is
well known that there have oeen unusual i'm
portations OF wool In anticipation OF the reim-
position of duty-enough, according to the
trade reports, to supply all the foreign wool
needed by the domestic manufacturers for
more than year.
The statistics on this point justify the belief
that there can be no revenue from the wool du-
ties during the fiscal year ls9S except possibly
small amount from third-class woods. The
estimate OF sl4.00000o increase from woolen
goods is equally erroneous.
The same condition exists, In lesser degree
perhaps. with reference to other schedules
Instead OF an increased revenue from tobacco.
we may more safely count upon a decrease in
the first year; the increase from sugar will be
much less than the ways and means commit
tees estimate, owing to the fact that one-quar-
ill
probably be imported before any new rates OF
duty can be applied to them.
The secretary OF the treasury estimates the
expenditures for all purposes for the fiscal
year ending June 30, 1898, at 1865 9i7. i72s The
finance committee estimate the revenue to be
derived in the same fiscal year from customs
II the provisions of the bill repoIted by them
should be enacted into law, at sls2, IA 900 This
includes estimated revenue from the tempo
rary duty on tea OF 5000, 600.
The committee estimate the receipts from
internal revenue for the same period ut sl70.-
700 900 II we add to this the treasury esti-
mate for miscellaneous receipts, $50, 900 900
and the receipts on account of the post office
ae6 227, ,076, we have total estimated receipt
for the fiscal year 1898, of ;46e,67l ,076,
timated excess of receipts over expenditure:
for that year of S272o,O2a
II the estimated revenue from the duty or
tea and the additional internal revenue take,
should be omitted from the committees esti
mates OF receipts, there would be an estimated
deficiency of s29, i75. 900 instead OF surplus o
s2,725O OPS The committee believe 1t to be tn,
imperative duty of congress to provide for
revenue which will certainly meet the require
ments of the government for the next hsca
year. The adoption of n revenue bill whicl
should fail in this purpose, and which shoul,
create an additional deficiency in the immedi
ate future and which would require Il furthe
issue of bonds to meet current expenditures
F..n
success TO any political party responsible 70
such legislation.
Nothing in the theory OF protection inter
feres with the imposition of further interna
revenue taxes by protectionists whenever sue
course is found desirable for revenue pur
poses. In the future it Is almost certai
that we shall be obliged to depend more an
more upon taxes Of this nature for necessar
revenue. In the years to come we must expec
decrease rather than an increase in the Gus
toms revenue to be derived under the principa
schedules of the tariff
In dealing with the wool schedule, the com
mittee has suggested more liberal rates to tn
domestic wool grower than 1t has recommends
for the producer of any manufactured articl
ir the schedule; 1t has also suggested for hir
a more effective protection than he has eve
received under any tarin law of the Unite
States at the time Of its enactment
the committee has aimed to give the woo
growers q rate of duty which will average froI
10 to 20 per cent higher than the rates
earlier tariffs. In doing this it has given
higher protection upon the raw material tina
upon the manufactured products in every cast
Very careful consideration has been given t
the Compensatory duty on woolen goods, wit
the result of reducing the compensatory rate
on low grade goods, into whose manufactur
more or less of other materials than wool en-
ter, On the high grade goods the Compensa
tory duties are fixed on the same basis tha
has obtained in oil previous tariffs.
It Is the purpose Of the committee to prepaI
provision which will enable the governmer
without further legislative action to enter upo
arrangements or to negotiate reciprocity tres
ties looking to an extension OF our foreig
trade In suggesting the striking out of ii
house provision the committee had no purpoS
of abandoning the republican reciprocity po
Icy. They hope to be able to suggest such pre-
visions as will enable our government to grea
ly extend that policy and make it's adoptio
permanent
Killed His Son and SuIcIded.
New York, May 26.-Charles K. Hill
yard, so years old, well-known Law
I1xoo1,I,n shot a-A Ix;lIaI IL.