The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-03-23
DINGLEY'S ADDRESS.
Lengthy Argument in Favor of His
Pet Measure Made.
Mr.. Dingley said:

Mr.. Dingley said:
Congress has been convened in ex-
traordinary session by the president for
the purpose of providing adequate rev.
enue for carrying on the government.
The exigency which has brought US
here is so clearly stated in the message
of the president, and so fully recited in
the report of the committee on ways
and means submitting the pending re-
Vision of tariff consideration in the
house, that I need not detain you re-
peating the story so completely within
your own knowledge.
THE SALIENT FACTS ARE THESE:
In the four fiscal years commencing
July l, 1898, and closing on the Both of
June next, the revenue of the govern
ment has been insufficient TO meet the
expenditures TO the extent of more than
$500, 100000, or on the average $50,000,00
per annum.
The late secretary Of the treasury, in
his last annual report. estimates that
under existing conditions this defici-
iency Will continue, and viii reach $45,-
600. 600 more the next fiscal year
sThis deficiency Of $500 900, 900 up to
The close of the present fiscal year has
been met by borrowing. That is. s293.
SEQ 900 realized from the sale of S262, $685.
1913 bonds sold, in the last analysis over
100000, 600 has been used to pay current
expenses in excess of revenue.
This deficiency of revenue has nearly
al arisen from falling off of reve-
nue. from duties of imports-and not
from a decline of revenue for internal
taXeS-since the result of the national
elections in November, 1892, first fore
casting and subsequently partially ac-
comprising o revolutionary change of
tariff policy, began TO arrest industries.
In the fiscal year beginning July J.
1892. the revenue derived from the du-
ties on imports was S203, 900 G00-an in
crease of S6.0G0.00O over the previous
year-and UP TO November, 1882, it was
the confident expectation of the then
secretary of the treasury that the reVe-
nue. in the succeeding fiscal year would
reach 1920 coo, eco; but this expectation
was blasted when anticipated tariff leg
islation that would largely reduce du-
ties began to defer importations and
subsequently 20 disorganize industries.
In the light of this course of events.
and in the face of the chronic defici-
ency requiring immediate relief the
committee of ways and means have re-
ported the pending bill to revise the
tariff FOR the ends indicated by the
title, to-wit: To provide additional
revenue TO carry on the government
duties, TO secure this revenue, to en-
courage the industries Of the United
States.
IN THE REVISION
the committee have endeavored to dis
Yard mere theories and have adapted
yemselves to the framing of a practi-
cal remedy, at least in part. for the ills
which Rave for so many months over
Swallowed the country. 1t is '-condi-
ton and not a theory which confronts
US" Our problem is to provide ade-
ouate revenue for duties. on imports to
carry on the government and in i'm
posing duties 10 secure this result to
so adjust them as to secure to our own |
people the production and manufacture /,
of such articles as we can produce or |
make for ourselves without natural dis /
advantage and thus provide abundant |
opportunities for our labor. For rest |
assured that no economic policy will |
prove q success unless it shall in some |
manner contribute to opening up en-
rloYrleJlt TO the masses of our people /
Z good wages When this shall be ac-
complished and the purchasing power
Ff the masses restored, then-and not
I'm then-wiH prices cease to feel the
deprs ssing effect of under-eonsumpt