Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-12-02
REvENuEs ANp pEElclTs.
Painful Delay I'm the Returns from ths
nfuwley Tariff

| Dingley Tariff.
In his speech before the Home Market
club in Boston the other day. Chairman
Dingley was long on prophecy as to
what revenue his bill would produce
| next year-and short on facts about the
actual revenue producing power Of his
and other tariff bills. He said: cit is
certainly surprising that the same men
who looked on without criticism while
the tariff which they had framed
showed a chronic deficiency for years,
amounting to nearly $200, zoo, 900, should
be so much disturbed because the new
tariff has not produced adequate rev.
enue in the first few months it has been
In force"
If Mr.. Dingley means that the deficits
during the operation of the Wilson bill
reached $2O0, O0o, 900 he is sadly mis-
taken. The total deficit during the
Wilson law amounted to $50, 100000.
The deficit during the Mckinley law
was $72, 000, 900. The deficit of the Ding
ley bill to date is $42. 900, 900. The total
deficit, since deficits began in 1892,
amounts to $500, 900 900, of which the
Mckinley and Dingley laws are respon-
sible for $114,000,000, and the Wilson
tariff for $s6,00o,000. Mr.. Dingley isn't
candid in his statements, to say the
least.
RetoSti1g IA kind. & might be said to
Mr.. Dingley that it is surprising that
men who were SO disturbed over the
deficits under the Wilson law should
not have framed law to stop the de-
felt which was said by Mr.. Dingley and
his associates to be the cause OF all our
national ills.
stop the deficit" was the cry Of our
republican friends, and hard times will
disappear and the currency question
will settle itself. Our defcit-hating
friends were summoned by the presi-
dent to Washington in extra session to
frame bill to provide adequate rev.
enue immediately" The answer to the
presidents summons was the Dingley
bill, which has produced in five months
and a half deficit half as great as the
Wilson bill produced in the three years
of it's operation. Mr.. Dinglcy resents
criticism Of the deficit producing quail
ity of his bill. But will Mr.. Dingley tell
us what his bill was for IL it was not
to put an end to the deficit? Having
failed to provide revenues equal to the
expenditures, his bill fails to meet the
purpose for which congress was con-
vened. Not only is it failure, but 1t is
worse than a failure, because it makes
matters far worse than before, by max
ing the chasm between receipts and ex-
penditures wider than ever.
But Mr.. Dingley is not cast down. "At
the beginning of the next fiscal year"
I'D 90 knew
ship! Congress called together last
March to provide greater revenue elm
nediately," passes law of which the
best it's author can say of it is that 1t
will begin to be effective year from
the time it became law. But II Mr..
Dingley's prophecies are no better on
this subject than upon others upon
which he has tried his powers the treas
ury will be enjoying deficits after next
July. Mr.. Dingley sees Improvement"
but the officials in Washington do not.
A dispatch from Washington relative
to the revenues says:
'"Two-fifths of the working days of the
month have now passed, and have afforded
total receipts Of $9.5S5.146. of which So, 992 707
ternal revenue, and $685. 791 from miscel-
laneois sources. This indicates total re-
ceipts during November Of about $24, 000. 900,
which will not be an Improvement over Oc-
tober.
Both the customs receipts and internal
revenue stand at about the average Tor
October. and it will require an increase
of about $6,00O,00O per month to put the
treasury upon a self-supporting basis"
With no improvement month after
month, our friend from Maine continues
to prophesy perfection in the sweet by
and by. While waiting for the Dingley
lay to produce adequate revenue, the
Mckinley administration may find
itself under the painful necessity of is
suing bonds-Utica Observer.