New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-07-26
GLAD THE BILL is LAW.
GENERAL SATISFACTION OVER THE AD-
JUSTMENT OF THE TARIFF.
CONSTANTLY IMPROVING BUSINESS CONDITIONS
PREDICTED-CoMMENTs OF SEVERAL
wELL~KNOwN MEN.


its approval by the President Saturday Gre
ated feeling of buoyancy throughout the city
Yesterday which has not been known in New
York since the election in 1892. The general SEN
tnent with all classes of peaple was that at last
the clouds had rolled by. and that an era Of genu-
ine prosperity might now be looked for with per-
feet confidence.
Wilbur F. Wakeman. the new Appraiser Of the
port Of New-York. has made careful study Of
the tariff question in his capacity OF general
secretary Of the American Tariff League. place
ne has held for several years. 1t has been his
duty as an officer OF the League to examine all
the measures and propositions presented to Con-
gress TO analyze their probable effect upon the
various sections of the Union to which they re-
lated more or less intimately, and through men,
bers Of Congress interested in the industry ar
fected TO bring the Leagues influence to bear for
the proper protection of American manufactures
and as a natural sequence of American labor
Mr. Wakeman has devoted a great deal OF time
70 the Tariff bill which has now become law,
and few men probably are better qualified to
sneak OF its possible results. He was seen last
evening by a reporter Of The Tribune. and when
asked for his opinion Of what it might do Tor
the country said:
81 have the fullest confidence that the Ding
lev bill will do for what the Repuohcah
party has promised TO the country. Ihe law
10 which President Mckinley placed his sigma
ture Yesterday is the most scientific tarin meas
urc ever drawn. 1t is better than the Mckinney
law under which the United States reacheo
the highest prosperity 1t has known because
II has avoided the mistakes which experience
aave,oped IN that law 1t has been gratifying
10 me to watch the changing popular sentiment
in favor of a more solid and sure protection OF
A fow weeks the ten
dency was to cut. cut, cut. lower the duties ana
N follow the lines of the Wilson bill Since the
discussion Of the measure in the Senate began
there has been a strong development or the
American idea and a disposition to stand py
higher and safer duties
THE WOOL SCHEDULE
"yet the Dingley bill has not made so high
q tariff as we had In the Mckinley bill. but II
is more of a protective measure. Every SUD-
stantial Industry and all industries that give
promise Of staying qualities have been looked
out for Take for instance. the wool schedule.
No such scientific methods OF arranging tarh
duties in that industry ever before appeared III
a tariff bin. From first to last 1t is a mas
terly piece Of work. The same may be SAID OF
the schedules relating to fax. hemp ana )u'e
manufactures chemicals, earthenware ana
glassware and agricultural products NO pans
have been spared to bring forward whateVer
promises an increase Of employment for Ameri-
can labor The main idea Of the bill is 10 make
work for American working men and working
women.
This ;s exemplifed in the gloves schedule.
7. ts designed TO put to work thousands OF peo-
pie in the State Of New-York Womens gloves
are now included in the schedule, new feature
that will set great many people at work IN
the Gloversvlle district
Another thing is the attention which has
been paid TO Southern products. Rice is pro-
tected as II ought to have been before, ana
cotton is now taken from the free list and
placed under protective duties. The mporta-
tion Of Egyptian cotton has increased within
a conparatively short time from 5,0OO,WO to
60 600 600 pounds a year The seed from whlch
this cotton Of Egypt is grown comes from TINS
country Every three years they come over
here for fresh seed, and the Egyptian cotton so
grown has come in competition with Ameri-
can cotton. The Dingley bill Will ADJUST 'hls
matter. - A.. 1o.o :,
connection with other protection forces. urged
upon Congress. failed Of success. IL Is wen WEI
known that the bill in many spots was not sa.,s s
factory TO American interests as 1t came from
the Senate but only one proposition Whlch tne
League in connection with other protectloh
forces. urged upon Congress ialieu ol auop,,o. p.
Practically all that was asked except the enact,
rnent of discriminating duties on imports carried
IN American bottoms granted. Yet thls sec
zion strengthened so tndt IL VIII PiO'~
great aid TO American shipbuilders "
"I believe that the advantages which VIII re-
suit from this magnificent measure VIII peconl.
apnarent very soon. Indeed, II is eVlueht tiia'
the country has already begun 10 reap "'
benefits"
Mr. PLATT'S VIEW.
Senator Platt at the Oriental Hotel. Man
haitian Beach. said yesterday that his beile1 'ha'
the new Tariff bill would speedily bring pros
perity TO the country was unimpaired' we
have already" he said. abundant evidence OF
its success In the renewed confidence IL mas III
spred In business and commercial circles, ana
the number Of new enterprises that are al
ready under way
rdward n Ieech. cashier OF the National
Union Bank and formerly Director OF the MINI
said. II congratulate the Congress upon giving
their undivided attention 10 the passage OF the
Tariff bill that became law yesterday. and the
country is ~ he congratulated well. Even
the anticipation of its passage has improved
business conditions / have noticed lately that
business men have been more courageous, tha'
securities are stronger and that there has peeh
moro demand for money. The passage Oh 'he
bill is ALI the more remarkable because there Is
not a Republican majority In the Senate II '',
bill raises sufficient revenue for the eAPe"ae' VI
the Government, ii will JUSTIFY all 'he Hope'
that are felt for it. 1t is not TO De h
81 will do this before January l. pecau.1 VI - Ia
large jmportations that have been recently maui
in anticipation Of its passage, but aiter ina. @
there seems to be no reason why IL siouIu Wru ~
amply provide for the expenses Of the Govern
men The prevailing sentiment among ne ro'cc oas.i
men, so far have had occasion 10 ~ tbe
IT, has been that the particular Gauss S rs ~ ICES
bill aid not matter so much if 1t raised the heces
sary revenue" ,.Lor,, CON,
Horace b. Fry. chairman OF the LiDiai' .Srhe
mittee Of the Union League Clup. salu' a,,yav.
past will repeat itself. The country mas x a" 90 o
been prosperous under protective tadiir Sre. 1,.
grass has grown in the city streets o,ad u,lue, ,r
trade When the tariff of 1872 was removes ~ !,
1876 unexampled hard times followed ana ,d d"I -
no discovery OF GOlu III