Evening journal., 1897-03-16


ing schedules would afford "A revenue OF
about ss9, 300 600 on the basis of the i'm
ports Of 1896, but as there would probably
be diminished imports at some points al
though the gradual restoration Of business
activity would Offset this by increasing
the consumption Of imported luxuries we
reduce the estimate on these TO S3l 900 600
These would aggregate an additional reve
nue. OF $50 600 coo the first year
A further reduction of $4,000 900 on
$40, OOO, GOO for contingencies would leave
$40, 900 600 to S75, 200, 600 as tho probable
increased revenue from this bill the first
year, which would undoubtedly rise to
500, 600, 900 the second year.
"These estimates are below rather than
above the probable result, unless a consid-
erable delay in the enactment Of the bill
should greatly enlarge the opportunity foi
imports of articles on which duties are to
be raised-particularly wool and woolens
for speculative purposes. Undoubtedly
any delay beyond the lst Of May in placing
the bill on the statue books would result
in large loss Of revenue
''This increase of revenue is secured by
transferring wool, lumber, crude opium.
argols, paintings and statuary, straw or
naments, straw mattings, bui,aps and va
rious other articles from the free list of the
present law to the dutiable list; by In.
creasing the duty on woolens to compen-
safe the manufacturer for the duty placed
on wool; by raising the duty on sugar
about three fourths of a cent per pound, in
order to encourage the production of sugar
in this country, which It is believed can
be DONE and thus give our farmers a new
crop which we now import mainly from
abroad by increasing the duty on agri
.r.1fa kUr ffananfurt
competition and on fine cotton goods
some advanced manufactures of iron and
steel, manufactures Of jute, fax and hemp,
in order to encourage these and other in
dustries here, and especially by increasing
duties on such luxuries as liquors, tobac-
Co silks and laoes, etc
"As a rule the rates of duties proposed
are between the rates Of the tariff OF 1890
and the tariff of 1894, such reduction OF
rates from the former law, preservation OF
the protective principle being made FEAST
bic by changed conditions
The iron and steel schedule Is changed
very little from that schedule in the tariff
Of 1894, the change being entirely in the
more advanced articles. The same is true
Of the cottons schedule In the agricultur-
al, wool and glass and earthenware sched-
ules alone are the duties Of the act of 1890
~
increased with the view of amply protect
ing and encouraging our farming inter
ests at every possible point While the du-
ty on clothing wool is larger IN proportion
to the foreign value than manufactured
articles, yet it is thought desirable for the
public interest and for our agriculture
that we should produce this primo neces-
sity for ourselves The duty ON carpet
woods as, well as upon many other articles.
is imposed mainly for revenue. The circu-
lation caused by the use OF q few wools
heretofore classGd as carpet woods being
used for clothing purposes has been RENE
died by transferring such woods TO the
clothing wool classes, but the duty on
clothing wool has been restored 70 the rate
/ of the act Of 1890.
"In framing this new tariff the aim has
been to make the duties specific, or nc least
partly specific, as far as possible, TO protect
the revenue and also to protect our own
industries. This has been done in response
to the wishes of the better class of import
ors as we'll as Of the administrators of the
law and of our own producers. The very
general substitution of specific duties even
where they are only the equivalent Of ex-
isting ad vRlorems will of itself increase
the revenue and strengthen the protection
afforded Co our industries.
"The reciprocity provisions Of the act of
1890 have not only hoen fully restored, but
this policy has heen extended by adding
60 sugar, tea, coffee and hides as articles
on which to make reciprocal agreements
such articles as champagne, brandy, wines
artificial and natural mineral waters
chicle, argols and silk laces. In adding
these articles the reciprocity provision Is
strengthened greatly by providing for re-
duction of duties to countries giving rs
similar concessions.