The Daily Texarkanian., 1897-07-23
WILSON VS.. DINGLEY.
FORMER TARIFF MAKER EXPOSES ABB
sURplTIEs OF THE DlNGLEY BILL.

'"S' ~ A' Vho mohu Ultra Protective Tnrin
Ever Proposed Encourage Trusts
and Discourage American Labor-NIaisos
Some Serious Reflections Upon tho Nc.
Kinley BIZ as n Revenue Producer.
Ex-Postmaster General William L.
Wilson Is credited with the authorship
Of tho tariff bill now in force. His
hands were tied so that he could not
make tho bill nearly as good as he de-
sired to mako 1t, and the bill as finally
passed was not nearly as good as when
it first passed tho house. 1t was, how
ever great improvement upon the Nc
Kinloy bill and Is model as compared
with the Dingloy monstrosity We
quote tho following from Mr.. Wilson
criticism Of tho Mckinley and Dingloy
bills in recent number of tho New
York Herald:
These bills arc so nearly identical In
general structure and particular items,
excepting as to the sugar schedule, that
II may be well to consider the ofreot Of
tho first bill on tho revenue Of tho coun-
try. Both bills arc vast and yoluminous
schemes Of class taxation, the production
Of public revenue being an incident and
entirely subordinate to the purpose of
taxing all the American people for tho
benefit Of small part Of the people,
The proteotionist has but one remedy,
which he applies whether tho royonuo
bo redundant or deficient, II times arc
prosperous and more money than Is
needed pours into tho treasury, no in
oroases taxes by a scheme chat turns
the larger part Of their ayOils into pri-
yato pockets, and this reduces public
revenue, II times are depressed and lolg
money than Is needed pours into tho
treasury, no soizos tho protext Of in
croasng public revenues by adding
enormously TO tho amount Of private OK.
action.
The act Of 1890, whatever its othor
effects, did reduce revenue, From a
largo surplus ft-swopt US hoadlong TO n
deficiency, although II weighted tho
people with heavier taxes and although
another law, passed IN July, 1900,
turned into tho treasury Oa Il part Of tho
general assets TO DO used for paying OK.
pondituros u trust fund Of more than
$54, 900, 900 which belonged to the no
tional banks and had always been held
for tho redemption Of their notes,
Even before the Harrison administro-
ton onded wo should have been CON
hontod with u largo deficiency but for
the use Of this trust fund aud tho fur
ther fact that Secretary Foster, by n
change Of bookkeeping, added to tho
treasury balance $40, 0O0, 900 Of token
and subsidiary coin not boforo treated
M u troasury nssot, With these oXhOor'
dinary additions, oven, we wound up the
fiscal year juno 30, 1903, with sur
plus Of only &9, ,84l,074 og against n
surplus for the fiscal ye0r Juno 30
1890, Of over &66,000,000 before tho
Aboyo trust fund and subsidiary coin
woro touched, And during tho fiscal
year ended Juno 30 1904, through all
Of which the MoKinley bill was IN foroo
expenditures exceeded the revenues to
tho amount Of 500, S08, 300, notwith'
standing tho fact that tho expenditures
Of tho government were Elb, Oba, 074
loss than IN the preceding yoor
This statement shows how absurd and
groundleaa IN the claim constantly made
by tho protootionista that recent deficits
In revenue are due 20 the substitution
Of tho existing tariff for the Mckinley
bill, Nothing N moro certoin than that
n tho bill had boon IN foroo during tho
lnat three years tho annual dolloit would
have been immensely swollen, whilo tho
people IN II season Of depression and
hard times would have staggered undor
much heavier burdens Of taxation Even
In this disastrous period, customs duties
undor tho existing law have Increased
from less than $4,000, 600 In 1904,
the last year of tho Mckinley bill, TO
even albe, 900, 900 in 1893 aud TO over
si00, 900, 900 In 1890
In the sugar schedule alone the bal
anoe IN favor Of tho existing law IL
about Sbb, 900, 600, Tho customs royos
nuo reached noorly elO, 900, 900, scarce.
~ any Of which would have been re'
oeiyable under the Mckinley bill,
That tho Dingley BILL present eondi-
tiona considered, Ia the most ultra pro-
teetiye tariff ever proposed TO be enact
cd IN this country plainly appears from
Chairman Dinglcy'a statement that II
levied on tho impoftal0na Of the last
fIaoal year 10 would have Increased the
revenue eiie, 900, 000=that II to say II
would have gathered from an importa-
tion Of a77b, 7a4, a04 Of imported NOR
ohandiao Tho enormous sum Of tl7a,'
100000, which N nearly 100000, 900
more than amy customs revenue ever
collected Ia one year IA this country IA
the past And 20 say that its rates will
probably cheek dutiable imports 70 the
extent Of reducing the estimate TO e10is
600, 900 Ia only another way Of saying
that TO that extont such rates nro pro-
hlhllufNt
American consumers are shut IN the
home market to be preyed upon by eom-
binatiena and trusts without p0Hsibili=
" Of relief from outside competition
such combinations, by joining 10 keep
up prices ana TO eurtail productions
wage moro merolleea war ngnlnat tho
employment, the opportunities aud the
compensation Of American labor than
eny possible competition from abroad
bould do
The falling on Of imporlalions under
iho present law dispela tho Illusion
lhat jho American laborer ID anywhere
deprived of employment by the lmpof
tation Of foreign products The crafty
ing increase IA our exports OF manulae1
mTes ID ednaiiy strong proof that these