Evening star., 1897-01-09

we should have, and s75,oco.ooo would be
very desirable"
Mr.. Carlisle" I suggested, Says in his
annual report that under normal conditions
the present law would yield sufficient
revenue
What We have to consider" returned
Mr. Dingley. 'are the conditions that exist
today. We have staring US In the face
deficit Of more than $50, 600 900 for the fiscal
year ending June 80 next. Mr.. Carlisle
estimates that the next fiscal year ending
June 80 1895, the deficit will be s45 500, ,OO0
W nat We want to do is to provide for the
needs of The country under the existing
conditions, and if the conditions change in
the future. as V-e hope they will ii may
then be wise to reduce the revenue. We
are confronted by the fact that on the 1st
OF July the treasury will have On hand
about SlJn,oo0,coo in gold, which should be
neld as a reserve, and balance Of about
SFipr,HD. TFat Si0.O00.OO ought to be
Kept on hand as & working balance and we
ought to have tariff law by the lst of
July which viii give us a revenue sufficient
LOT the needs of the government, so that
aIler that cate current receipts will be
equal to expenditures. So revenue is the
first thing to be considered. After that.
and in. connection with It, comes such an
adjustment of duties in occurring reyenue
as Will afford protection for American In
dUstries, so that American labor may have
employment. for until American labor finds
employment at good wages there will be
no return of prosperity in this country such
Cause of Depression
The depression from which the country
is suffering now is due primarily to the
apprehension of a radical revision of the
tariff, embodied in the result of the cleo
tion of November 1892. which was only
partly realized. and after that to the un-
certainty about the maintenance of our
currency. In the tariff revision of 1891
the bark was worse than the bite, but 1t
was the bark which first caused manufac-
lureTS 10 curtail production and which
drove Workingmen out of employment
The bite was sufficiently injurious to con-
ttnue paralyzing the industries We will
not nave a return of prosperity until our
WorklnSmen are fully employed, and they
VIII not be employed until we have such
protection as will insure our own markets
10 American industries
What is adequate protection and how is
II to be deternlined?' / asked
Adequate protection Is protection which
gives to the American manufacturer and
producer the difference between the cost
o. productlcn abroad and the cost of pro-
ductlon here. And i want to impress on
you that there is more to be considered
than the mere cost of labor In the factory
and the cost OF raw material. The manu-
1acturer In this country pays more in
wages Tor the construction of his building
and the making of his machinery than does
the manufacturer abroad: So you see pro-
lection goes behind the wages in the pro
ttCteu iluuSlEy ltSelI 10 the wages in all
other Industries"
But doesn't a protective tariff in some
cases necessarily shut out foreign goods
altogether
No Take the case of wooden goods, for
Illustration A protective tariff on wool
en- goods Will give our manufacturers in
the main the American market for COM
mon goods, and, in fact, for fine goods
But You must take into consideration the
TACT that there are a great many people In
the United States who will buy foreign
made goods because they are English, you
know. For example. my tailor showed
me some imported cloth for trousers He
would make ii up for 50. Beside IL was
another bolt of cloth That he said, was
American He could make II up for 81.
One was as good as the other for all prac-
teal purposes. but there are many people
who Will pay fifty per cent more for an
imported than they will give for domestic
garment.
Revenue From Imports.
I'm this case, with a perfectly protective