The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1897-03-27
HIS REPORT TO THE HOUSE
Dfngley Explains His Thrift Bfll--
Urges EARLY Enactment.


The report says that a deficiency In rev.
enue amounting 10 sos. Co., 900 I'm four years
justlfies the convocation OF congress TO
effect n remedy. Although the govern
ment realized SO, 4si. s9i from the sale or
bonds TO redeem demand notes. sos 900. 900
OF the notes were paid out TO meet the de-
ficlency. which notes. the report says.
have been n potent cause or the distrust
In business circles.
At least s1G.OO0.0OO OF the sl9s. Oo0
IN the treasury win be paid out before July
I 10 meet the deficiency, and OF the re-
mainder at least 200 I'm geld ought
20 remain In the reserve. leaving but $780,
1900 as a working balance. whtch Ia az
small as safety admits.
IL the revenue had continued TO rise
after the opening OF the year 1898. as II had
before that time. says the report, the rev.
enue would have been ample TO meet all
expenditures and the government would
have been spared the humiliation OF issu-
ing bonds 10 meet deficiencies. The re-
port continues:
1.-The plain duty therefore. OF congress
a duty emphasized by the presidents mes
sage laid before the house on the opening
day OF this extraordinary session-is to so
revise the tariff as TO secure an increase
OF revenue from duties substantially equal
to what has been lost; first by the an
ticpated and then by the partially realized
tariff reductions made by tho act OF 1894.
Another imperative duty resting on this
congress Is TO so adjust duties In such
revision OF the tariff 10 secure needed rev.
enue TO carry on the government as will
better protect the many Industries which
have so seriously suffered the past three
years from unequal foreign competition
and from the consequent loss OF purchasing
power OF tho masses OF the people, upon
which the demand for produsts and the
prosperity OF every citizen depend.
1.-THE feasibility of uniting In a tariff both
revenue and protective qualities has been
amply demonstrated by the results OF the
protective tariffs I'm force from 1861 10
lS93 at which latter date the tariff OF 1890
was practically nulifled by the anticipa-
ton OF a revision on a non-protective be-
sis. The working OF the wool and woolens
schedule OF tho tariff OF 1890 on protec-
tive basis and OF the same schedules In
the tariff OF 1894 on an anti-protectlve basis
Is exceedingly instructive on this point"
There Is then review OF various
schedules In the bill. the effect OF each be-
ing described and commented upon at some
length. Only the most general comparisons
have been made.
I'm revising tho several dutiable sched-
ules as n rule the duties have been fixed
nt points between the tariff OF 1890 and tho
present tariff, It having been found that
on account OF changed conditions I'm n large
part OF the articles duties lower than those
OF 1890 would be equally protective. The
metal and cotton schedules are I'm large
part the same az I'm the present tariff tho
Increases above those rates being In the
more advanced articles. The agricultural,
earthenware and glass. and the silk. liquor
and wool and woolons schedules are sub
stantially the same as I'm the tariff OF 1890,
the duties on fruit having been increased.
Manufactured lumber, which was put on
the free list by the tariff OF 1884, has been
transferred 10 the dutiable list as an act
OF justice TO this large industry and in the
interest OF revenue. with little change I'm
duties except on white pine, which has been
restored 10 the duty Of 1883 The duty on
wrapper tobacco has been restored 10 the
rate OF 1890. and the rate on filler tobacco
Increased, partly for purposes OF revenue
and partly TO better equaliEe 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 10 protect the rea-
enue against differentiation frauds. but
also TO give our own industries the pro-
lection 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 tho chemical, glass. iron and steel.
lumber, sugar, tobacco. agricultural, liquor,
cotton. flax and Jutc. wooden, silk, paper
and sundries schedues-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
irgs and statuary. Chinese floor-mat ting,
lemon juice. mineral waters. hatters plush,
straw ornaments. sago -four. etc, have
been transferred from the free TO the dutia-
bic 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 $780, which proved so great a
success in the brief period OF its existence.
Is not only restored. but enlarged The
provisions OF the act OF $780, authorizing tho
president 10 impose duties on coffee. tea.
skins and hides. I'm case the countries ex-
porting such articles decline 10 extend
equivalent concessions to exports from tho
United States, are recnacted. sugar being
transferred TO tho schedule OF articles on
which duties are imposed. The president
is further authorized to negotiate with
countries exporting argolH. chicle. charm
pagne. brandy sugar, wines mineral wa
tcrs, paintings and statuary and silk lacos.
with view 10 secure reciprocal and equiv
alcnt concessions In favor OF the products
or manufactures OF tho United States. IL
IL believed that this extension OF the reel
procity policy OF the tariff OF 1900, strength
n
concession I'm return for equivalent conces-
sicns, VIII result IN even more advantn-
geous commercial advantages than those
that were secured under the act OF 1890
ION tho assumption that the imports
under the proposed tariff bill, II enacted
into law, would be tho Same as the imports
In the fscal year ended June 30. 1896, tho
revenue which the several schedules OF
the new bill would yield IL Il should be
enacted into law, compared with the rev.
onues obtained under the present tariff
In 1896. and also compared with the revenue
yielded by the tariff OF 1890. fiscal year
1893. would be about Sli3. 900 more than
under the act OF 1891. What tho actual
revenue would prove 20 be IN the year fol-
lowing thee nactment OF tho proposed meas
ure into law Is. Of course, dependent
upon contingencies which cannot be fore
caGt with any approach 20 certainly, and
VIII therefore be subject 10 varying estl-
mates
1T Is probable that any delay beyond the
ist OF May would rc0ult I'm n loss OF from
100000 TO 100000 OF revenue fer each
week OF delay. III the proposed tariff re-
Niui1n could In al gv.tr n. A.