The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1897-03-18
NEW TARIFF BILL.
CHAIRMAN DINGLEY GIVES OUT A
SYNOPSIS OF THE NEW BILL.
= The Duties Have Been Male Specific
as Far MS Possible to Protect the
Revenc and Also the Industries
Reciprocity Provisions of the Act
Of 100 Have Been Restored and
the Policy Extended.

8E OF IoU have Eeen RESTORED ana 4
the Policy Extended.
Washington, March 16. Chairman
SDingley, OF the ways and means COM
+ mittee, in response to a request that he
furnish a synopsis of the new tariff
bill presented by him, makes the fol-
4 lowing statement;
The bill has two purposes, namely, to
erase additional revenue and to encourage
the industries of the United States. On
1.-THE basis of the importa tons for the last
\ fiscal year, the bill could increase the
revenue about SIP 600, 900, divided among
! the several schedules roughly, as follows:
A, chemicals, $780, 900; B, crockeryi and
glassware, $4OOO0O0 c. metals $4,000
900; D, wood, $1,75o,ooo; z, sugar, $21,-
/ 100000; r, tobacco, $7,OO0.000; G, agri-
cultural, $6,3OOOoO; H, liquors, 81, 800, 900;
I, cottons, 81, 700,000 J, jute, linen and
hemp, S7,S0O,000; K, wool, S17,500,000; do !
manufactures of woods, 100000; u, A
silks, $1,500,0O0; M, pulp and paper, $685.
900; N sundries, $G,200,000.
II This estimate is on the superstition that
the imports OF each class of goods would
be the same the next fiscal year as in the
fiscal year ended last June. But as the
imports of wool We're three times as
great and those of 1892 more than twice
as great In pounds as in 1893, the com
mittee assume that the excessive inpor-
tation would be largely reduced by the
proposed BILL although the fact that our
domestic production of wool has dimin-
ished 100000 pounds since 1893 will ne
cessitate the importation of much more
wool now than in the latter year As
Stunning that the 1mportations of wool
will fall off, at least one third from those
of 1896, OH account of anticipatOry inn
ports to avoid duties we place the in
N creased revenue from this source at SILL
tOOO,OO0 Anticipating also that the i'm
ports of woolens will fall off nearly so
per cent from the enormous imports Of
1896, we estimate
The Increased Revenue
from this sourc,. under the proposed rates
at about $14 10000 O0 From sugar we esti-
mate $20,O00,00O additional revenues. An
ticipating considerable falling off of inn
ports of Havana tobacco because of the
revolution in Cuba, we reduce the eSti-
mates of additional revenue to be de-
rived from the tobacco schedule to $4,000
600. The remaining schedules would
afford a revenue of about $50, 800, 900 on
the basis of the imports of 1896, but as
there would probably be diminished i'm
ports at some points, although the grad
ual restoration of business activity would
offset this by increasing the consumption
of imported luxuries, we reduce the esti-
mates on these to S31000,00 These
would aggregate an additional revenue Of
$50, 100000 the first year. A further re-
duction of $5,O00.000 to $4,000, 900 for con-
tingencies would leave $70,000O00 to $75,-
900, 600 as the probable increased revenue
from this bill the first year, which would
undoubtedly rise to $1O0,00O,O0O the second
year.
These estimates are below rather than
above the probable result unless a con-
siderable delay in the enactment of the
bill! should greatly enlarge the opportuni-
ty for imports Of articles on which duties
are to be raised-particularly wool and
woolens-for speculative purposes. I'm
doubtedly any delay beyond the first Of
May in placing the bill on the statute
book would result in a large loss of revr-
nue.. This increase of revenue is secured
by transferring wool, lumber, crude
opium, argots, paintings and statuary
straw ornaments straw mattings bur-.
laps and various articles from the free
list of the present law to the dutiable list !;
by increasing the duty on woolens to COM
Densate the manufacturer for the duty
placed on wool; by raising the duty on
sugar about q of a cent per pound in or
der to encourage the
Production in This Country,
which it is believed can be done and thus
give our farmers new crop which we
now import mainly from abroad, by in
creasing the duty on agricultural products
affected by Canadian competition and on
fine cotton goods, some advanced manu-
features of iron and steel, manufactures
of jute, flax and hemp in order to en-
courage these and other Industries here
and especially by increasing duties on
such luxuries as liquors, tobacco, silks
and laces, etc.
AS a rule the rates Of duties proposed
are between the rates of the tariff Of
1880 and the tariff of 1904, such reduction
OF rates from the former law, preserva-
ton Of the. protective principle being
made feasible by changed conditions. The
iron and steel schedule is changed very
little from the schedule in the tariff Q.
1884, the change being entirely in the
more advanced articles. The same is
true of the cotton schedule. In the agri-
cultural wool and glass and earthenware
schedules alone are the duties of the act
of 1890 fully restored as a rule and in q
few cases increased, with the view OF
amply protecting and encoura ging ou1
farming interests by every possible point
While the duty on clothing wool is larger
in proportion to the foreign value thar
on manufactured articles, yet it is
thought desirable for the public interes
and for our agriculture that we should
produce this prime necessity for our
selves The duty on carpet wools, a.
well as upon many other articles, is i'm
posed mainly for revenue. The irrita
ton caused by the use of a few wool
heretofore classed as carpet woods being
used for clothing purposes, has beer
remedied by transferring such woods /,
the clothing wool classes, but the dut,
on clothing wool has been restored t,
the rate of the act of 1890.
Protection and Reciprocity.
In framing this new tariff the aim ha
been to make the duties specific or a
least partly ,pe sific, as far as possibl
to protect the revenue and also to pro
tect our own industries. This has bee
done in response to the wishes of I'll,
better class Of importers, as we'll as Q
tho administrators of the law and of on
own producers. The very general sub
stituton of specific duties even wher
they are only the equivalent Of existin
sad valorems will. of itself increase TIL
revenue and strengthen the protection al
forded to our industries.
The reciprocity provisions of the &C
OF 1880 have not only been fully restored
but this policy has been extended b
adding to sugar. tea, coffee and hides a
articles on which to make reciproc.
agreements, in addition to such article
as champagne. brandy, wines, artifcis
t,l~s