The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1897-02-27
THE WILSON TARIFF LAW.
Az Compared with the Revenue Pro-
ducinE Mckinley LAW.

AZ Compared Win tue revenue Ero-
ducinE Mckinley LAW.
II anybody doubted the wisdom of
President-elect Mckinley in deciding
that a special session of the new con-
gress should be held as soon as prac-
ticable after his inauguration that
doubt has disappeared upon the exam
ination of the treasury department fig
ures just made public, showing the as
tonishing failure of the present tariff
law to accomplish what was promised
for il by its trainers.
If there was anything which the dem
ocrats who enacted il delighted most es-
pecially in repeating, it was the phrases
sour tariff law will do what your Nc
Kinley law could rot do; il will produce
sufficient revenue 10 meet running ex-
penses." Ifthere is anything that those
same gentlemen now do not like to
hear it is n reference to those pledges
and boasts, for the statements were
made boastfully. Their revenue law be-
gan by producing a monthly deficit OF
from S5,O00.OO0' to $4,000, 900. but they
apologized for IL month by month and
promised that it would do better after
il had adjusted itself to business condi-
tons and business conditions had adj
justed themselves to it. But the 20
months of adjustment have failed to
bring about the result which they prom
ised. and at the close of these weary
months shows deficit practically as
large as when the experiment of the
democratic tariff began.
The following figures show the total
receipts and expenditures of the gov
eminent during the first 30 months of
the Wilson tariff law, as compared with
those of the first % months of the Nc
Kinley tariff law:
Mckinley law. receipts first
p months ACKNOWLEDGEMENTS. SSSo, 9ti 40 Il
Wilson law, receipts first 90
months OBSERVATION-DISCLOSURES. ISS,ssi,t'o "
In favor of Mckinley law. SIG, s77. III SO
Mckinley law. receipts first
- months, .SSSo, yti, SSO a.
Mckinley law, expenditures
first % months. ............... S62,?3S,1G2 rs
Surplus ..................2 3,G26lss lG
months acknowledgements 7Ss, 9S7.755 50
w
y months ....................... S65,s6i99l y
Deficit ,......................s 12G, 81. ol6 %
Mckinley law. first % months.
Wilson law. first % months.
0encit .Sl2b,Sl1,Z 10 "
Twenty-nine months of democratic
tariff under the Wilson law have made
record which will probably remain
with the people of the United States
of the present generation.
a tariff law which can produce def
lett of 100000 in % months is not
likely to pass from the memory of the
average student of national affairs.
This will be especially true, however,
il he compares the workings of the
democratic tariff law dw:1sg it's exist
ence with those of the Mckinley law
during corresponding period of its
existence. Fortunately for those who
laws went into effect at about the same
time of year, and it is thus entirely APP
propriate to compare their workings
during given number of months. The
Mckinley law went into effect Octo-
Der /, in the year 1890, and the Wilson
law went into effect August IS, in the
year 1894, the period of the year in
which each took effect differing but by
practically one month. The COMPARE
son, therefore. is u fair one. 1t shows,
however. that the Wilson law has been
more disastrous failure even than the
average student of affairs of the kind
had supposed. and at the same time
puts at rest the charges made over and
over again by the democrats that the
Mckinley law was failure in the mat
ter of revenue production. The first
20 months of the Wilson law produced
deficit of over S12S,O0O,0 900. while the
20 months of the Mckin-
ley!law produced a surplus of $23,026.-
JsS. In other words, the Mckinley law
did just what il was intended it should
do. by producing sufficient revenue to
meet the running expenses OF the gov
ernment, with enough margin of sur
plus to make its operations safe. while
the Wilson law, although j produced
enormous importations of foreign
goods, has fallen behind at the average
rate of nearly s5.000,000 per month.
POLITICAL DRIFT.