The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-10-04
1t Is Increasing the Receipts of the
Government, Despite Big Imports
First Half of the Year.
CHART FOR LAKE MARINERS
GOOD WORK OF THE WEATHER BU-
REAU TO BE EXTENDED.
status of the Dispute Between NicarR-
gua and Costa Rica over the
San Juan River Delta.
Special to the indianapolis Journai.

Special to the indianapolis Journal.
WASHINGTON, Oct 3.-The second
month of the operations of the Dingley law
proves extremely satisfactory TO treasury
officials and to the friends generally of the
measure who have had an opportunity or
occasion to examine the result of its opera
tlons. Treasury receipts in this second
month of its existence (September) are
greater than those of the second month of
the Wilson law, despite the fact that the
Wilson law found warehouses, docks and
foreign vessels waiting to pour in enormous
stocks of foreign goods to add to its earn
ings the moment it should come into opera
tion, and that the Dingley law found con-
ditions precisely reversed and the country
already flooded with foreign importations
The receipts in September, 1897. the second
month of the Dingley law, were $21, 319.6 .644,
while those of October, 1894, the second
month of the Wilson law, were only $19,-
139, ,240
II think we have ample reason to be grati-
fled with the operations of the law thus
far" said Assistant Secretary Howell, Of
the Treasury Department, talking of this
matter as he examined the showing for the
month. 1.-The receipts for September are
gratifyingly large in view of the conditions
under which the act went into effect. As
everybody knows, the country had been
filled with foreign goods in the few months
prior to the enactment of this law, yet the
September receipts here exceed $21, ,000, 900
and the deficit for September is but trihe
over $S,O0O,0OO. Considering that the period
which this covers is only a few weeks re-
moved from the close of the long period
of heavy anticipatory importations, / think
the showing is an extremely gratifying
one"
And justihes the belief which you have
formerly expressed that the revenues under
the law will in time prove sufficient to meet
the running expenses of the government"
Undoubtedly. j think there is no ques-
tion about that. have believed that by the
end of the calendar year conditions will be
such as to bring the revenues OF the gov
ernment up to its expenditures, and Sep
TENDERS development certainly strengthens
that belief in my mind, and l think fully
justihes it,"
Not only are the earnings of the Dingley
law in its second month in excess OF those
of the Wilson law in the corresponding
month of its operation, bur the deficit is far
less. The deficit in the second month OF the
Wilson law was sl3.573, So0 while in the sec-
ond month of the Dingley law it is but $S,-
the second month of the Wilson law. When
the conditions under which the two laws
went into operation are compared this show
ing of the earnings of the new law proves
very gratifying to those desiring to see 1t
bring the treasury again in condition in
which its receipts will meet current ex-l
penditures and enable a sufficient aceumu-
lation to provide for the sinking fund which
has been untouched during the entire period
of the operations of the Wilson law.
The growth in receipts since the new law
Went into effect has been steady and grati-
flying. The receipts of its second month
are l2ls per cent. in excess of the receipts
FOR the first month. This growth is not only
gratifying but convincing as to its prospec-
tive earning capacity when conditions be-
come normal. The earnings during the Sec
Ond half OF the month of August were
slightly in excess of $90O0,000 those for the
first half of September were little above
$40, 900 900, while those for the second half
tail the figures are as follows:
Second half August. $9345,692
First half September. r................. 10309J9S
Second half September. r........,..-,.. ll,OB,646
A study Of the daily receipts during the
second month of the new law-September--
shows a steady growth during that month.
Indeed, the receipts of the closing ten days
of the month seem to have reached almost
the normal figures of the corresponding
dates under the Wilson law, being within
a trihe during the last ten business days
Wilson law in the last ten days OF Septem-
ber 1896. Here are the figures of the last
ten business days of September, 1897; under
the Dingley law, compared with the last
ten business days of September, 1896, under
the Wilson law -