Pine Bluff daily graphic., 1897-05-03
WILSON VS. DINGIsEY.
FORMER TARiFf MAKER EXPOSES AB-
 sURDlTlEs Or THE DiNGLEY BILL.

Some Serious Reflections Ipon the 7Ic-
 Finley Isill as Revenue Producer.
 Ex- Postmaster General William L. Wilson is credited with the authorship of the tariff bill now in force. His hands were tied so that he could not make the bill nearly as good as he de- sired to make 1t, and the bill as finally passed was not nearly as good as when it first passed the house. It was, how ever. a great improvement upon the Nc Kinley bill and is model as compared with the Dingley monstrosity. Ne quote the following from MT. Wilson criticism of tho Mckinley and Dingley bills ill a recent number of the New York Herald:
 These bills are so nearly identical in general structure and particular items, excepting as to the sugar schedule, that it may be we'll to consider the effect of the first bill on the revenue of the coun- try. Both bills are vast and voiuminous schemes of class taxation, the production of public revenue being all incident and entirely subordinate to the purpose of taxing all the American people for the benefit of small part of the people,
 The proteetionist has but one remedy, which he applies whether the revenue be redundant or deficient If times are prosperous and more money than is needed ponrs into the treasury, he in- creases taxes by scheme that turns the larger part of their avails into pri- vate pockets, and this reduces public revenue. If times are depressed and less money than is needed pours into the treasury, he seizas tho pretext of in- ereasing public revenues by adding enormously to the amount of private ex- action.
 The act of 1890, whatever it's other effects, did reduce revenue From a large surplus 1t swept us headlong to deficiency, although it weighted the people with heavier taxes and although another law, passed i'll July. 1890, turned into the treasury as part of the general assets to be used for paying ey- penditures trust fund of more than $54, ,000, GOO which belonged to the na- tional banks and had always been held for tho redemption of their notes.
 Even before the Harrison administra- tion ended we should have been con- fronted with 8 large deficiency but for the use of this trust fund and the fur
 ther fact that Secretary Foster, by change of bookkeeping, added to the treasury balance $20, 900, GOO of token and subsidiary coin not before treated as treasury asset. With these extraor-
 dinary additions, even, we wound up the
 fiscal year June 30. 1893, with a sur
 plus of only Sa,341,674 as against
 surplus for the fiscal year June 30,
 1890, of over $85, 000,000 before tho l above trust fund and subsidiary coin
 were touched And during the fiscal
 year ended June 30, 1894, through all
 of which the Mckinley bill was i'll force.
 expenditures exceeded the revenues to
 the amount of $69, sos, 26o, notwith-
 standing the fact that the expenditures
 of the government were $15, 952, ,674
 less than ill the preceding year This statement shows how absurd and
 groundless is the claim constantly made
 by the protectionists that recent deficits in revenue are due to the substitution of the existing tariff for the Mckinley hill Ne+isiaa4rsli.nyely swollen wbila st,,a tha people III q season of denressia,, i,sae slp. .a'o nard tlines would have staggered 1n11au Ilaa = ucii <; heavIer burdens of taxation r,ss ,n,son - sa,.' uls''ssrous period, customs duties .a1.er the existing law have ineraasa,a rom Lo less than Sl32, GOO, eco in 1soa Ssoe no 1e.. laSs year Of the MoKinley b;Il = ], ,en en @ @9doS, oOo, 900 in 1895 and to a,os ~ l6o, Oo0, 900 in 1808 ~ ~ over
 II the sugar schedule alone ,ba k, 1ce 1n favor of the oxistjng lan nA ;a oout So5, 900, coo. The customs 'sm ro, as ae reached nearly $40, o0o. 00O soa,oe soo ivab1a '. @,s Mnich would have been re- Il lrhole lrha1 under the Mckinley bill ' ,n anat the Dingley bill, present eondi ,ns consldered, is tie most nltra nro 'slNe tarlh ever proposed to be ensot s ln 'nis country plainly appears from F ailnlan :. Dlngley's statemept tbat a 70 leo on the iniportatienss of tEa,.s4 - year It would have inoreased .IsS sha = ehue Sll 600, 000-that js to ssv ~ ald have gathered from m ;,,,,"as Tas, U V ,'7i. 9 @tio' 124, 264 of imported mer- = lu,ac nne she enormous sum of sa7a 4 ,o0H, 2 t,, winch is nearly s5o, ooo ooo k V,s.h any customs reyenue evo,. - .s'ee aa one year in this conntrv ;r pas'' And to say that it's rates yv;lI IT s aoiy cnecK dutiable imports to tba aoo ~ o1 reducing tho estimate to s7n - oeo ~ IS only another way of sayins l
 10 that extent such rates arc ory, s''es sfe pro- 'ealean ,.la1 consumers are shut in tba ;a,,a naiaee W 10 be preyed rpon by com 'ons ua,;aa ana trusts without possibili. = ae leilei rom outaiae competition examinations, by joining to kean I E ices and to cultail prodnef;onp more merciless war against ths sment, the opportunities and tho I nsat,on of American labor tla.s 'ne ". ss'oie Competition from abrosd road