New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-05-26
,ss. proved d,sastrou. to tho business interests

IN 1894 proved disastrous to tho business interes'
OF the country.
MOTIVES GOVERNING THE REvIsERs.'
It was. believe. thoroughly understood through
out the country In the last political campaign that
II the Republican party should be again intrusted
with power no extreme tariff legislation should FOL
low. 1t was believed tina. in the changed conoi.
lions of the country return to the duties lhpOsen
by the Act Of 1880 would not ge Mas With these
facts constantly in view that the majopy m I
n,T Saua sSemsa r
Nothing could be conducive to the return ,a aau
fne belief that there were be no
violent changes In our revenue poney aU oa
to come The true lrnes ra % or any that
are not necessary to equalize conditlons, nnnera
is true that rates above this line are o.te Wrnish
tive vet II must be admitted that they Iu'"'S"
needless opportunities for destructive ATTACKS .,,
The COMMITTEES believe that In the a in the
have suggested from the rates imposed III tme
House bill they have not gone IN ~, any Xii should be-
American Industry would be enabled 10 meet ro,
egn composition on eqna, teTm ny i tar legislation
The suggested by the S0mmii meosea by the
%sn.s are @ oy Ds1Sw below
tanned in the act of 1890 In suggesting tnese re-
auctions s,sn ,ns and emphasize their poOn as
friends OF the protective policy Inc w ,Lis /.
pssb Ie ' w wse and conservative legislation the
steady growth and development, OF az The
S asianr o., tar law affect all these interests
in numberless ways and unless ne Certainty OF
Industrial conditions in this country with n very cry
rates imposed by the act of 1890: The bitter con-
test which i g0nE On ampns 5ns IS brought
about by Improvements IN methods anu ~, homnbt
in production to an extent wnSn was nsw V conditions
must be taken into account IN consiaerg VI. nrficIs
10 he Imposed Without relinquishns enc pa, v ti
that have shi to ask ina, of 99e duties which
ao DE nnecessnry and excessive the readius
ment OF rates suegested the ms,fcen,ly pro-
.tcctive to domestic interests without oeins p'o-
hibiive. 49, ,,o,,s. hill, estimate a total
rerenue from the bill of $3.50 ITO in normal years
This would be the largest revenue e " .,ts A7a 7a3
tro, th cmstoms revenue OF 1896 and Of $40
over that of 1898 The report OF HE fact
that anticipatory importatons will largely reduce a
the expected revenues Of the is1 nS1 allowance for
these import lions the report estimates s an IN
creased income con sS of iS Se BASED eG by May l. It's
snacimHnt were delayed until July l. the report
added that s15Oo0OoO additional would eashy DC os'
to the public treasury
HOUSE ESTIMATES TOO HIGH.
.,,s- giving in detail the House estimates Of
revenue. Mr.. Aldrch proceeded: ,
1t will be apparent from critical eXam nt.a,a
OF the provisions of the House bill tha be ' b should
tn
become a law by July !. was eXcessivea iO II" is
dcste the grounds upon which this sgHhedues
based we may take the wool and wooIien az &c
from which s24 900 out OF N6woVU ivreaIhv &C
expected The fact is well known mat the1S ndr
been unusual importations OF WOOL IN pprdiOI
OF the rempositlon OF duty-en0usR a aSUor WOOL
10 the trade reports TO supply all the lorelg VIZ
needed by the domestic manui actnrers , ioi usifv
than n wear The statistics on thls pony ~!
the belief that there be no revenue o from c e
wool duties during the fiscal year OF io'e enoeib ,
POSSIBLY small amount from thirdeiass woIes
Tho estimate of S140o0o00 increase from WgQ Gi
goods is equally erroneous. The same co tn
eyists in lesser degree perhaps, WIN i clvieIno
20 NJ her schedules Instead of an increased s
from tobacco we may more safely count upon 49,
creass in the first year: the increase from SuSat
,ytii no much less than the Ways ana Means Soi
m,,ee's estimate owing to the fact that ephhi,
OF the years supplies OF raw sugar WIZ om h.
he imnor,ed before any new rates oil uu'1 can o'
applied TO them
REVENUE FROM THE REVISED BILL
The Secretary of the Treasury estimates the eH
rendi,ures for all purposes for the fiscal year eho
Inc lime 80 1895. at sie69l6,of %. The flnah.e
Committee estimate the revenue to De oeli.eG a.
a. sane fiscal year from customs II the provisiU
~ tho hin reported by them should De ehac.fu ma
iaw NJ Ss274i 0c0. This includes an ~ e60
ra~e,,,e from the temporary duty on yea %
ne The estimate Of receipts by scheouies Is do
follows:
SENATE ESTIMATE.