The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-20
REPORT ON THE TARIFF BILL.
Chairman DingIey Explains the Meas
ure to the House.

WASHINGTON, March 19-Chairman
Dlngley or the ways and means commit
tee, to-day presented i'm the House the re-
port on the new tariff bill. The report fol-
lows largely the lines of the explanatory
statement on the bill made by Mr.. Ding,ev
on Monday. The report says that a deicien-
cy in revenue amounting to S2O3. O0O.O 600 i'm
four years justifies the convocation of Con-
gress to make a remedy. Although the gov
eminent realized 1928, 4S1, 24 from the sale
of bonds to redeem demand notes s2O3, 900. 600
OF the notes were paid out to met the de-
ficiency, which notes, it says, nave been
a potent cause of the distrust in business
circles. At least SIG, 900, 900 of the 1885, 900. 900
in the treasury will be paid out before July
l to meet the deficiency. and of the re-
mainder at least $3.50, 900, 900 is gold which
ought to remain in the reserve, leaving but
$50, 100000 as a working balance. which is
as small as safety admits. If the revenue
had contiued to rise after the opening of
the year 1893, says the report, as il had
before that time, the revenue would have
been ample to meet all expenditures and
the government would have been spared
the humiliation of issuing bonds to meet
deficiencies.
The report continues: Another impera-
tive duty resting on Congress is to. so adj
just duties TO secure needed revenue to
carry on the government as will better pro-
tect the industries which nave suffered the
past three years from unequal foreign COM
petition and from the consequent loss of
purchasing power of the masses of the peo-
pie upon which the demand for products
and the prosperity OF every citizen depends.
The feasibility Oh uniting in a tariiI both
revenue and protective qualities mas been
amply demonstrated by the results of the
T. Root Nra AF.rr ~ ono - $3.50. 800.
at which latter date the tariIf of 1880 was
practically nullihed by the anticipation OF
a revision on a nonprotective basis. The
working of the wool and woolens schedule
OF the tariff of 1890 on a protective basis
and of the same schedules in the tariff of
1884 on an anti-protective basis is exceed
ingly Instructive on this point The new
wool and woolenS schedule, it is predicted,
will restore the wool-growing industry to
the farmers, revive manufacturing and
largely increase the revenue from that
source, which, because of the character Of
fne goods imported under the tariff of 1890,
was practically derived from %luxuries.
Concerning the sugar schedule the report
says: have increased the duty from
the 40 per cent ad valorem imposed
by, the present tariff on raw sugars (now
Only y-l0 or l cent per pound on raw sugars
polarizing SO degrees on account of the de-
cline of sugars, although about ia cent
when the tariff was enacted in 1890 10 1.63
cent. with a countervaiiing duty on all
sugars equivalent to the net export bounty
paid by any country In order TO increase
our revenue anu DIT tile same time afOr0 SUI
fcient protection to enable our own farm
ers and planters to ultimately produce
whatever sugar We may require for con-
sumption. The production of cane sugar is
a large and. under proper protection, a
growing industry now. The production of
beet sugar in at least twenty-three States
of our Union, which only seven years ago
was regarded as of doubtful promise, is a
demonstrated success with such protection
as we recommend. which is less than those
bounties given at the inception of sugar
production by Germany. France and other
European countries which now produce
about two-thirds of the worlds sugar"
The report says that the reduced differ
entail on sugar will maintain the refining
industry especially in connection with the
countervailng duty Oh the product OF ex-
port bounty countries. and il adds: Our
experience under the tariff of 1883 with spe-
cific duties on sugar and under the present
tariff will ad valorem duties, has con-
WINGED US. as IL has the administrators of
the law and the sugar trade generally, al
though refiners dissent from this view, that
specific duties are preferable. more easily
and certainly administered, and absolutely
essential 10 reliable revenue
There is then a review of various other
schedules in the bill. the effect of each
being described and commented upon at
some length. Only the most general c0m-
par sens have been made
Regarding reciprocity IL Is said that the
! extension OF the policy Of 1880 strengthened