Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1897-04-07
The NEW TARIFF e,L..
A. N LAW Mould Stimulate Trad. and
tudustrie..


Industries.
Mr.. Dinglcy. chairman of the WAYS
and means committee. i'm digest of the
proposed tariff law. ably and in succint
manner sets forth Tvs provisions and
presents the expectations of it's trainers
as TO the manner OF its operations If
enacted into law.
IL viii be perceived that the repub-
lican members of the COMMITTEES in
framing the bill have endeavored when
ever practical to make duties specific.
or at least partly specific. whenever il
could be done. This will prevent much
Of the frauds from undervaluations
which have deprived the government
OF large amount OF revenue and at
the same time give the desired protec-
ton To our own industries
special effort has been made 20
stimulate the agricultural industries of
the land, and with that in view the
duties OF the act OF 1890 have been fully
restored rs N rule and in a few instances
increased.
The main purpose OF the bill is to
provide revenue. This. of course. II
denied 10y the opponents of the pro-
the New York Herald is found declar-
ing that the hill is "a protection scheme
as pure and simple rs was the Mckinley
law This may be taken as n sample
of the narrow criticism OF those who
cling To the free trade theory II Is in
sputable-and no one Of the Herald
school Of economies has cndenvored to
dtSproVe the statemcnt--that month
for month during the stages of their
respective existence the Mckinley law
produced more revenue than the Will
son-Gorman law. Laws like men. must
he judged by their action. and by this
standard IL is proved that the McKin-
ley law was not only n law for rev
enue, but for protection ms well. And
II Is confidently expected that the Ding
ley law will also prove TO bc n protect
I've measure as we'll ms IA medium for
providing sufficient revenue for the re-
quiremcnts Of the government.
After making due allowance for pos
sible changes in commerce. Mr.. Dinglcv
thinks fair estimate of the revenue
that will be obtained under the first
years operation OF the law will bc nj
least $70,OO0,O0 This figure may he
I y
quite confident the law will Weld $780,
100000. If these expectations are real
lied the question will Mt once bc set
tied whether this is law for revenue
or simply protective measure.
Now, ms 20 the possibility OF prompt
enactment Of the bill. On this point
MIR. Diuglcy says that any delay beyond
the lst of May in placing the bill on the
statute books would result i'm large loss
of revenue. The necessity, then. of its
| prompt passage is Obvious. and IN view
| of Mr. Dingicy's statement possibly the
! opposition which was expected in the
senate will fade away. Senator Mills. of
| Texas, expressed the opinion that the
! bill would not encounter this opposi-
! ton. lie said: "It is the intention Of
| the democratic senator's TO point ont
! the evils of the measure, and some
| long speeches on this line may be cX-
! pccted. But YOU may depend that the
! democrats will not throw any obstacle
in the way OF the final passage of the
bill. The higher the duty imposed on
| goods, the less revenue collected from
them. This will bc found to be the case
when the pending measure is in lawful
operation. More revenue is obtained
| from the low tax now on wooden goods
than was obtained during the period
the Mckinley law was in effect. and the
same will be found TO he true when the
Dingley bill is enacted. So with other
schedules"
If Mr. Mills is speaking for the dem
ocratic party, it may be said that the
republican party is content to meet
him on the issues thus raised. The new
tariff bill is offered TO the country in
all confidence that il will prove to be a
wise and beneficial measure. which will
/ provide all the revenue needed TO meet
| public obligations and at the same
time afford protection TO American i'm.
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