Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-03-16
TBLEGRAPHIC.
new TARIFF BILL.
Svsepsls Of the Measure Presented
by Chairman Dinsley.
ESTIMATED INCREASE OF REVENUE
surar and Molasses-Lead 0rss-The
Agricultural schsdule-Ths
Free List.

WARRINGTON, March 15.-Chair'
man Dingley Of the ways and means
committee, In response to request
that he furnish synopsis OF the new
tariff bill presented by him to-day,
made the following statement:
The bill has two purposes, namely, to
raise additional revenue and to encour.
age the industries OF the United States.
On the basis OF the importations for
the last fiscal year, the bill would in.
crease the revenue about Sll2,OOOOOO,
divided among the several schedules
roughly MS followt:
A-ChemicaIe, S3,600,OO0.
B-Crockery and glassware, 81, OOO,.
900.
C-Metals, 81. 900, 600.
D-Wood, 81. $50, 900.
E--SugaT, SCI 1900
F-Tobsccs, 81, 00O,OOO.
G-Agricultural, So, 300, 900.
H-Liquors. 81, $40, 900.
I-Coitons, 81 200. 600.
a-Jute, linen and hemp, ~ 800, QUO.
K-Wools, $l7,500, 900; manuiac.
lures Of woods, SCI 100000.
L--Silks, $l,500,O00.
M-Pulp and paper, S5S, 900.
N-Sundries, So, 200, 900.
The estimate IL Oh the superstition
that the Imports OF each class OF goods
would be the same the mex fiscal year
Gs in the fiscal year endea last June.
But as the imports OF wool were three
times ns great and those OF wool man
ufactures more than twice rs great In
pounds ns In 1893, the committee as.
tumed that the excessive importation
would be largely reduced by the pro.
posed bill, although the fact that our
domestic production OF wool has di-
minishet 5000, 900 pounds since 1893
Will neoessitnte tue importation Of
much more wool now than in the
latter year. Assuming that the i'm.
portations of wool will fall of at least
one.third from those OF 1896. on ae.
count OF anticipatory imports 10 avoid
duties, we place the Increased revenue
from this source at Sll ,000, 900. An.
ticipatiug also that the imports of
woolens will lall of nearly so per cent
from the enormous imports Of 1895, we
estimate the increased revenue from
this source under the proposed rates at
ab.ut Sl4,000,0O0. From sugar we
estimate SIC, 1000, 600 additional reve.
nnes. Anticipating a considerable fall
ing of of imports OF Havana tobacco
because of tins revolution in Cuba, we
reduce the estimates OF additional reve-
nue. to he derived from the tobacco
,chedule to Sl4,000,0O0. The re-
manning schedules would afford a
revenue OF about s39, 500, 600 on the
basis of the imports OF 1895, but Re
there would probably be diminished
imports At some paints, although the
gradual restoration Of business activ-
Ivy would effect this by increasing the
consumption OF imported luxuries, W o
reduce the estimates on these to ST.,
100000. These would aggregate an
additional revenue OF S50,0OO, 600 the
first year.
A further reduction OF five or ten
millions for contingencies would
leave 70,000,000 to s75, 100000 as the
probable Increased revenue for this
bill the fret year, which would I'M
doubleday rise TO Sl00,000,000 the
second year.
These estimates are below rather
than above, the probable result, unless
considerable delay in the enactment
oil the bill should greatly enlarge the
opportunity for Imports OF articles on
which duties are to bs raised, particu-
lnrly wool and wOolene, for speculative
purposes. Undoubtedly any delay
beyond the lst OF May in placing
the hill on the statute books would re-
sult In q loss OF revenue.
This increase OF revenue Is secured
by the transferring OF wool, lumber,
crude opium, argols, paintings, sIatu-
AIRY, straw ornaments, straw mattiugs,
burlsps and various other articles from
the free list OF the present law to the
dutisble lisl; by increasing the duty
on woolens 10 compensate the matter
Tor the duty placed on wool; by rails.
ing the duty on sugar about thrse-
lourths OF cent per pound in order 10
encourage the production OF sugar in