The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-14
SOME LEADING EDITORIALS
From the Chicago Record. :.

L
THE DlNGLEY DEFIClT.-The Dlnsiey
high tariff law is proving failure as a
revenue producer. Out OF the mouths OF
its authors and champions Is the operation
of the act condemned. Said Representative
Dingley in The house on March "a:
"Our problem is TO provide adequate rev.
onue from duties on imports to carry on
the government"
! In discussing the measure in the senate
on May 26 Senator Aldrch of Rhode Is
land, who had charge Of the bill in the
upper body, said:
1.-The adoption of revenue bill which
should fail in this purpose tof producing
reveDuel. which should create an add ion
al deficiency in the Immediate future.
which would require a further issue of
bonds to meet current expenditures would
certainly be fatal to the hopes OF future
success of any political party responsible
for such legislation
The excuse for the calling OF special
session of congress for the revision OF tho
tariff was the necessity for increased reve-
nue.. The real purpose of such legislation
was the furnishing of protection to special
interests. M usual In such cases, the
latter object was accomplished "a. the eg-
pense OF The former, as the figures clearly
show. The statement of government re-
ceipts and expenditures for November
shows deficit for the month OF $1s 572,-
1O9. The deficit for the fiscal year up to
rhe present time stands at Si6.5S1. 100. The
deficit by months since the beginning Of
the present fiscal year is as follows
'uiS .'.'.'.' ........ 49,. ..$ll OI3,545
august '....... ........... 80. 1861 S2
oeptemper ..''..".. ........... 3,iS5.11s
october...... .......... ........ 9,310097
November @ 80 mo
The Dingiey bill became a law July a.
The deficits for the last four fiscal years.
ended june 30. have been as follows
90, 90 $1,000 .'.'''.......... So, SO3.o61
.o o9 '''..'.... .................. 42,S05, 223
io09 '''''''. ...'.'...'.''...... 25.20S,2l5
1871 ........ ACKNOWLEDGEMENTS. is, 052 25i
For the current fiscal year the deficit
which for the five mon his already expired
amounts to over SAC, goo 900 promises 10 be
larger than for any of the years given in
the foregoing table, unless there shall be
radical, and, judging from the present ont
LOOK, unexpected changes in the relation
OF receipts TO expenditures.
For the fiscal years from June 30 lin to
the close Of the third week in November
the revenues, expenditures and deficits for
the years given were rs follows:
,o.- Revenues. Expenditures. Deficit
lS95 .'Sl3l ,lOS.iS7 $3.50 155 500 .969. 72S
i i$gs " 1 lS5 SO 81 ISL 9o69S7 s9ssl4IO
- '~"'-' 80 1oH,IiO zhV 1a.SbH, DOS
FOR the periods from July Is. the date OF
passage OF the Dingley law. to the close of
me third week in November. the compare
tive deficits are as follows:
1895 ........ ... s,n re On,
1886 ..... DC o. 90
1897 ..... - SI1-o 75n
However It may be figured the oompati
sons are unfavorable TO the Dingley law as
revenue producer, Possibly the futnre
may bring Improvement, but the natural
lear must be that the rates of the Dingley
law are TO nearly prohibltive as to prove
destructive of revenue producing qualities
eminent.