The leader. [volume] (Brookhaven, Miss.) 1895-1905, 1897-03-24
MS REPORT TO THE HOUSE.
Dingiey Explains His Tsrin BIN
Urres Early Enactment.


pinsiey Explains His Tariff Bin
Urges Early Enactment.
Washington, March 2o.-Chairman
Dingley, of the ways and means commit
tee. Friday presented in the house the
report on the new tariff oill.
The report says that deficiency IN rev
enue amounting to 500. 100000 in TOUR yea, :
.,,a.1eas ths convocation of congress 70
sfrect a remedy. Although the govern,
nant realized 1895 4S1, S94 from the SAFE oa
bonds to redeem demand notes. szos,VVV,yoV
a. the notes we're paid out TO meet the ue-
6ciency, which notes. the repoIs 60 -
have been a potent cause OF the u's'iuS'
in business circles. .,o. ooo M
At least s16,0oo.oo0 OF the siso,VVy 49,,
In the treasury will be paid out before jury
/ 10 meet the deficiency, and OF inc r.
r,aInder at least $50. 200 IN gcid ousn W
10 remain IN the reserve, leaving ou' e'o'
con. COO as q working balance, winch Is AZ
small as safety admits, .,.a "a .,sA
~ ,he revenue had contiried 70 .iss
f,a- the onenine of the year 1893, as II hao
hefore thai time, says the report, the rev,
enua would have been ample 10 meet az,
expenditures and the government wouIu
haye been spared the humiliation OF lssu-
ing bonds to meet deficiencies. Inc ~
port continues: ...nro,.--
"aThe plain duty, therefore OF congress-
n duty emphasized by the presidents mes
- io,J before the house on the opening
dav OF this extraordinary session-is 10 SO
reyy,sa the tariff as to secure an incressfS
- revenue from duties substantially eQuai
10 what has been lost; first by the an,
tjcipated, and then by the partially realzeu
tariff reductions made by the act OF 1888;
Another imperative duty resting on this
congress Is to so adjust duties In such
revision of the tariff to secure needed rev,
enue TO carry on the government as WIZ
better protect the many Industries which
have so seriously suffered the past three
wears from unequal foreign competition
and from the consequent loss OF purchasing
mower of the masses of the people, upon
which the demand for products and the
prosperity of every citizen depend.
''The feasibility of uniting in tarin both
revenue and protective qualities mas Decn
amply demonstrated by the results OF the
protective tariffs In force from 1851 70
1893, at which latter date the tarin OF 1871
was practically nullfied by the anticipa-
ton OF revision on non-protectiVe pc
sis. The working of the wool and woolens
schedule of the tariff of 1890 on q protec-
tive basis and of the came schedules in
the tariff of 1894 on an anti-protective basis
is exceedingly Instructive on this point.
There Is then a review or various
schedules in the bill, the effect of each be-
length Only the most general comparisons
have been made.
"In revising the several tiutiable sched-
ules, as a rule the duties have been fixed
at points between the tariff OF 1880 ana the
present tariff, It having been found that
on account of changed conditions in large
part of the articles duties lower than those
of 1890 would be equally protective. The
metal and cotton schedules are In large
part the same as In the present tariff, the
increases above those rates being in the
more advanced articles. The agricultural,
earthenware and glass, and the SILK, liquor
and wool and wooleEs schedules are SUD
stantially the same as In the tarif OF 1870,
the duties on fruit having been increased
Manufactured lumber which was put on
the free list by the tariff of 1894, has been
transferred to the dutiable list as an act
of Justice to this large industry and in the
interest of revenue, with little change in
duties except on white pine, which has been
restored to the duty of 1883. The duty on
wrapper tobacco has been restored to the
rate of 1890, and the rate on filler tobacco
Increased, partly for purposes of revenue
and partly to better equaliZe the duties
on wrappers and filters. The general poll
icy pursued has been to raise the duties
on luXuries
THE aim has been to make the duties
specific, or at least partly specific, wherever
practicable; not only to protect the rev.
enue against differentiation frauds, but
also to give our own industries the pro-
tccHon carried on the face of the tariff,
and in carrying out this policy we have
had the sympathy and aid of reputable i'm
porters. This has been done for the most
part in the chemical, glass. iron and steel,
lumber, sugar, tobacco, agricultural, liquor,
cotton, fax and jute, wooden, silk, paper
and sundrieS schedules-in the silk for The
first time, Notwithstanding ex-Secretaries
Fairchild and Manning most earnestly rec
commended this some years ago. Several
articles, like argols, opium, asphaltum,
chicory root, feathers and downs, paint
ings and statuary, Chinese floor ma tting
lemon juice, mineral waters hattcr's plush,
straw ornaments, sage -four, etc, have
been transferred from the free to the dutia-
BILE list for revenue purposes, while such
articles as wool, lumber. burlaps, bags and
salt have been restored to the dutiable list,
from which they should never have been
removed.
THE reciprocity policy inaugurated in
the tariff of 1890, which proved so great
success In the brief period of It's existence
is not only restored, but enlarged. The
provisions of the act of 1890, authorizing the
president to impose duties on coffee, tea,
skins and hides, in case the countries ex-
porting such articles decline to extend
equivalent concessions to exports from the
United States, are reenacted, sugar being
transferred to the schedule of articles on
which duties are imposed. The president
is further authorized to negotiate with
countries exporting argos, chicle cham
payne, brandy, sugar, wines, mineral wa
tiers, paintings and statuary and silk laces,
with view to secure reciprocal and equiv
alent concessions In favor Of the products
or manufactures of the United States. It
Is believed that this extension of the reel
procity policy of the tariff of 1890 strength
hxr tAvN A..
concession In return for equivalent conces-
sions, will result in even more advanta-
geous commercial advantages than those
that were secured under the act of 1890
On the assumption that tho imports
under the proposed tariff bill, If enacted
into law, would be the same as the imports
In the fiscal year ended June 80, 1896, the
revenue which the several schedules of
the new bill would yield, If 1t should be
enacted into law, compared with the rev.
enues obtained under the present tariff
In 1896, and also compared with the revenue
yielded by the tariff of 1880, fiscal year
1893, would be about s113,0 900 more than
under the act of 1894. What the actual
revenue would prove to be in the year fol-
lowing the enactment of the proposed meas
ure into law is, of course, dependent
upon contingencies which cannot be fore
cast with any approach to certainly, and
VIII therefore be subject to varying esti-
mates.
1T Is probable that any delay beyond the
Is Isl OF May would result in loss of from
SlW0.O0O to 100000 of revenue for. each
week or delay. If the proposed tariff re-
vision could be enacted into law by April
., undoubtedly the revenue for the first
year under it's operation would be from
100000 to s25o0O,OOo larger than it would
| oe II It's passage should be delayed until the
LIST of July"
IT STILL LAGS.