New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-11-29
HOW DINGLEY LAW WORKS
RESULTS OF THE FIRST FOUR MONTHS
SATISFACTORY.
THE RECEIPTS CONSIDERABLY LARGER THAN
DURING THE CORRESPONDING PERIOD
UNDER THE WILSON LAW. DE-
SPITE THE DIFFERING CIR
CtMSTANCES.

CUMsTANCEs.
fBY TELEGRAPH TO THE TRIBUNE.l
Washington, Nov. 2S-Congress. when 1t meets
week hence. will find that the Tariff law which
II placed upon the statute books az the special
session has done all that could have been eX-
pected Of 1t during the four months test which
It has had When the men who framed it hur-
rled homeward last July. leaving II to meet the
adverse conditions resulting from the enormous
importations which preceded its enactment. they
did not expect that It's first four months could
give any adequate indication Of its capacity as a
revenue producer.
The five months which preceded It's enactment
were marked by such heavy mportGtions that
II was expected that the drop In impOrtaions,
and consequently in revenues. would be very
great after the passage Of the bill During
those five months the mportatons were about
S1O0ON000 in excess of the normal importa-
lions for that period and the first time in the
history OF the Wilson law the revenue was suf-
Client to meet the running expenses Of the Gov
eminent, averaging during those five months
S36ON0OO against an average OF S23,3OO00O
during the other thirty months of the history Of
that act. II not surprising. then. that the
men who framed the Dingley law left Washing
ton In the expectation that It's earnings for the
first few months would be extremely light
They will find, however. on their return that
the new law has done better than expected
Of It under such adverse conditions. In the four
months in which 1t will then have been in opera
ton. the Government income will surpass by sew
cral millions the income under the Wilson law
IA the corresponding four months of It's history
indicating clearly that when normal conditions
return the new law will produce ample revenue.
Starting its work with month in which i'm
portatons were barely half what they had aver
aged during the closing months of the Wilson
law. the income for that month, August. was
Sl9.023,6lI. II increased nearly S3.m0.000 in
the month which followed and again In the third
month made nearly as large an increase while
the present month will show a round S-JOOOUpo
And this has occurred With no leVerue Of any
consequence from sugar. wool and many other
revenue producing articles with which the ware
houses Of the country had been filled 10 over
flowing just prior to the enactment Of the law.
Treasury officials express the belief that the
revenue from sugar alone. after the stock now
In the country Is exhausted. will reach SJ,uOO.OOO
per month. while that from other sources must
nCTcist sufficiently 10 add from S3OODWD TO
>I.VW.Om per month. II is expected that the
importdtions OF sugar VIII be resumed early in
the coming year. probably In January. and that
there Will be "A marked increase in Other lines Of
mportations Hence there is good rea'on - cx-
pcct that the receipts viii average SlhOOOOo
dav early In 1898. and that the receipts In that
year VIII. for the first time since the election or
Grover Cleveland In lsl!. bc equal To the run
ming expenses Of the Government
The receipts under thi new law have been
published from month 10 month since IL went
into operation. but a comparison of the receipts
with those III the corresponding months In the
history of IN" Wilson law VIII be interesting n
this time. The wilson law came into operation
with the warehouses and shelves OF the country
empt. awaiting larg" Imports under reduced
taIir rates. While the Iingi"y law came into OPP
Grafton with conditions exactly reversed Con-
srquently. tn" impurtatinns Turing the first few
months ~ the Wilson Ia" were In excess ~ the
normal. while those ~ thu first few months ~
the Dingl law were far below tn" normal The
cumuuris 81 the receipts under these two laws
IN their hrsi fnur months shows these results:
Receipts, Dingley iaH. R"1cp.H. Wilson aw.
10 1891 %
AuEus' ta .3Gi september ...... SO 81 22S
S,pt"fnu"- 2iFt3 ~ October ........ lJ 100
bCfDsr ZIS'l iia November 70 iliiB
y a-Ll.L Ii IL 49, IL ..rra-.. ~