The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-03-16
SOME STATEMENTS.

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This statement is on the supposition
| 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 were three
times as great and those of wooden
goods more than twice as great in
pounds as in 1893, the committee as
sumo that their excess of the importa-
! ton would be largely reduced by the
proposed bill, although the fact that
our domestic production of wool has di-
unfinished 100000 pounds since 1898. will
neceSsitate the import of much more
wool now than in the latter year. AS
suming that the impOrtations of wool
will fall off at least one-third from
those IF 1896, on account of anticipatOry
imports to avoid duties, we place the
increased revenue from this source at
| S1100O,O coo. Anticipating, also. that the
imports of woolens will fall off nearly
Is per cent from the enormous imports
of 1885, we estimate the increased reve-
nue. from this source under the pro-
posed rate at about s14,000,0O0.
FROM SUGAR.
From sugar, we estimate $50, COO, 600
additional revenue. Anticipating a con-
siderable falling off of imports of Ha-
vana tobacco, because of the revolution
ditional revenue to be derived from
the tobacco schedule to S4,0O0.O00
The remaining schedule will afford
| a revenue of about S39 500, 600 on the
basis of the imports of 1896, but as
there would probably be diminished
exports at some points, although the
gradual restoration of business activity
would offset this by increasing the con-
sumption of imported luxuries, we re-
duce the estimates on these to $31,
000, 900.
PROBABILITIES.
These would aggregate an additional
revenue of SS0,000 900 the first year. A
further reduction of 5,000,0 900 or 10000
900 for contingencies, would leave $40
100000 to $4,000, 900 as the probable in
creased revenue from this bill the first
! year, which would undoubtedly rise to
500, 100000 the second year.
These estimates are below rather
than above the probable result. unless
a delay in the enactment of the bill
should greatly enlarge the opportun-
ity for imports of articles on which
duties are to be raised-particularly
with the woolens-for speculative pur-
poses. Undoubtedly, any delay beyond
the first of May in placing the bill on
the statute book would result in a
large loss of revenue This increase of
wool, lumber, crude opium, angola,
paintings and statuary, straw orna-
ments, straw mattings, burIaps and
various other articles from the free
list of the present law to the dutiable
list; by increasing the duty on woolens.
by raising the duty on sugar about
q of a cent per pound in order to
encourage the production of sugar in
this country, which it is believed can
ha h11C or, ON 70
new crop which we now import mainly
from abroad; by increasing the duty on
agricultural products affected by
Canadian competition, and on fine cot
ton goods; some advanced manufac-
lures of iron and steel; manufactures
of flax and hemp, in order to encourage
them and other industries, and es-
pecially by increasing duties on such
luxuries as liquors, tobacco, silks, and
laces,. etc
AS A RULE.
AS a rule the rates of duties pro-
posed are between the rates of tariff
of 1890 and the tariff of 1894, such re-
duction of rates from the former law
preserving the protective principle
being made feasible by changed con-
ditions.
The iron and steel schedule is
changed very little from that schedule
in the tariff of 1894, the change being
entirely in the more advanced articles.
The same is true of the cotton sched
ule. In the agricultural, wool and glass.
and the earthenware schedules alone,
are the duties of the act of 1850 fully
restored as a rule, and in a few cases,
increased, with the view of ample pro-
lection and encouraging our farming
interests at every possible point
When manufactured tobacco which
has been exported without payment of
internal revenue tax shall be re-
imported. it shall be retained in the
custody of the collector of customs
until internal revenue stamps in pay