The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-09-27
REVENUES INCREASING
DINGLEY TARIFF LAW WILL DO ALL
ITS SPONSORS PROMISED.
Customs Receipts This Month VIII
Probably Reach 100000, O0O-COm-
parsons with the Wilson Act.
Special to the indianapolis Journal.

Special to the indianapolis Journal.
WASHINGTON, Sept. 20 - The second
month of the operation of the new tariff
law is likely to relieve the Democratic
statesmen and orators of much of the sur
plus anxiety with which they have favored
the country in regard to receipts under
that measure. 1t is now apparent that the
revenues of the second month of the oper-
alton of the Dlngley law will reach twenty
millions of dollars. which is more than
that of the second month of the Wilson
law, and that there will be little, if any,
deficit for the month. The revenues in
the first twenty-five days in the month
amounted to S15.6924 AS, and it is estimated
by treasury experts that the total for the
month will be S20.O00.OJO in round numbers
while the expenditures will probably be
little, if any, in excess of that sum.
This is in marked contrast with the op-
creations of the second month of the Will
son law. The act went into effect, as did
the Dingley law, within few days of the
close of the calendar month, and it's opera
tions We're thus calculated from the first
day of the month following its enactment
as is the case in the statements which are
being made with reference to the Dingley
law. The Wilson bill in it's second month
pAONdSCQ q uSilCll VI SAo,OtO,cVVf NiillC AZ HoN
seems probable that there will be little. if
any, deficit in the second month of the
Dingley law. That the Dingley law should
have been able in its first two months of
operation to have produced as much, or
anything like as much, revenue as did the
Wilson law in the two corresponding
months of it's operation is remarkable, and
is of itself evidence that the Dingley
law, when the business of the country
reaches it's normal condition, will be an
ample revenue producer. During the month
prior to the final enactment of the Will
son law all dutiable goods upon which the
rates of duty were reduced or removed
were held back by importers in order that
they might come in under the operations
of that law. The result was an enormous
increase in the customs revenues under the
law the minute it went into operation. In
deed, the customs receipts in it's first
month September, 1890 were larger than
in any September during it's entire history
and were only exceeded in total amount
on two or three occasions prior to the in
rush of foreign goods which preceded it's
final repeal.
On the other hand, foreign goods were
rushed into the country, as everybody
knows, at an almost unheard-of rate during
Tic IlNe months preceding the enactment or
the Dingley tariff law, the effect being al
most to paralyZe the importations during
the first few weeks after it's final enact
ment. The increase in importations of for
eign goods in the five months between the
inauguration of President Mckinley and
the enactment of the Dingley law was $685.
347,032 in excess of that for the correspond
ing months of the preceding year, an in
crease of nearly 40 per cent. over the nor
nal importations of the corresponding pc
Rod of the preceding year. The occasion
for surprise, then. is not that the receipts
under the Dingley law have been light but
on the contrary, that they have been as
heaVy as they are up to this time, and that
this act, laboring, as 1t did, under espe-
cially adverse circumstances, should have
been able to outrun the Wilson law which
came in under such especially favorable cir
cumstances as regards the customs end of
its business. The following tables compare
the importations during the five months
preceding the enactment of the Wilson and
Dingley laws respectively and the customs
receipts in those months and show clearly
the advantages under which the Wilson law
operated in the first months of its existence
and the disadvantages under which the
Dinglew law now labors in the first months
of it's operations: