The times., 1897-04-07
HOy. W. l. TEzRY''S SPEECH
The Dingley Tariff Bill Carefully
Considered.
A Democratic Analysis Which Goe
to the Heart of the Measure and
Shows 1t for What 1t Is.

to provide revenue for the Government and
to encourage the industries of The United
States, Mr.. Terry said:
Mr.. Chairman: In the limited time which
has fallen to my lotin this debat e 1T cannot
be expected that / Will enter into dis
cussion of the details of this bill. / Will
confine myself to n lew general observa-
tons which have occurred 1o me as rerti-
nent TO the measure in hand and the con-
ditions under which it has been presented.
There is one sufficient reason why this
bill will be passed in a Republican House,
and that is because it ought not to rass.
II is the same as the Mckinley bill, only
it is worse. It's title pretends that it is a
bill to raise revenue from IMPORTS but it's
prohibitory schedules clearly indicate that
it is intended to keep imports out Such
was the avowed object of the Mckinley bill.
It's trainers did not deny it. The year be
fore it passed the revenue from Imports
was S223, S32,742 The year after it
passed the revenue from imports was only
$219, 522 POS, and the next year it was
only $177,452. 1864. The bill was getting
in its work. Instead OF being a revenue
raiser 1t was revenue cutter that preyed
upon commerce like pirate with his black
flag at the peak. daughter and applause
The Dingley bill is simply Il revau,ped
edition OF the Mckinley bill, but with an
entirely different title. 1t is the same old
pirate craft with new name painted ON
the wheelhouse. The year the Mckinley
bill passed, the net ordinary receipts OF tie
Government Were ST. A per capita, and
the net ordinary expenditures we've SI.75
per capita. The year after it passed the
receipts fell to Sell per capita, and the
expenditures rose to $5.55 per capita.
the next year the receipts fell to S5-I3
and the expenditures We're $5.2S per
capita. In the meanwhile the outlay for
pensions had increased from $1.i5 in
$50 to So. per captain 1898.
The President tells US that ample
revenues must be supplied, not only for
the ordinary expenses of the Government,
but for the prompt payment of liberal pen
| sious and the liquidation Of the principal
and interest of the public debt" and We
are now left TO infer that the Dinghy bill
viii accomplish these three objects, aEd
then prosperity will be restored and
! all the people will get their share. even
! those who draw no pensions and clip no
| interest coupons from Government hCnds!
| / wonder If it ever occurred to you RE
| publican Leaders that al a time when there
| is a money famine aad distress throughout
| all the land, something more is needed than
! to simply satisfy your bonaholders, fill up
! the Treasury vaults, and proride for the
prompt payment of liberal pensions. To
! accomplish these objects taxes mutt hc
| levied; but how are the people TO he re-
| lieved by theimpos sti on ofadditionai taxes? ?
| When will you Learn the simple truth that
| it is not money in the Treasury, but money
! in the pockets Of the people that is needed
to bring prosperity to their firesides and
their homes? You may put money iuto the
| pockets of mill ownerby imposing tariff
tax on lumber, but what about the millions
| of the American people who need lumber
to build their homes?
| The sawmll business may be the kind
! of an Infant industry that you want 20
| encourage but what about the young
men who are taking cur fair young women
| into life partnerships and needing lumber
to build their homes? | want to say to
| you, Mr.. Chairman, in confidence, that
that is the kind OF Infant industry that
| want to see encouraged daughter and
| appause) Your preteXt for this measure
| is that the Treasury is in need OF mJney,
| but the daily reports show that there Is
| already sufficient there to meet all The
| ordinary expenses of the Government; but
| grant. for arguments sake, there is not
| is a protective tariff the proper remedy
| Ia increase your revenues? Experience has
| shown that its ultimate effect VIII not only
increase the cost Of living, but will event
ually diminish the revenues of the Gov
| ernment by diverting themin into the pockets
| of the owners of the protected industries
Just in proportion as you depart from
the revenue basis, in the levying of import
| taxes, you approach the prohihlt1ve polnt
| which operates as check on imports, and
| then your Government revenues fail OH
| and the revenues of your protected mann
| facturers increase, for they derive from
YOUR tariff tax, 81 for every one that
goes into your Treasury. III proof upon
| this point is required, turn from the mis-
leading title OF the present bill TO the
bona fide title of it's prototype, the Nc
KinJey bill. and the report of the com
| mittee that framed it. Here is its title:
A bill to reduce the revenues, etc
And in the report we find the followin.
statement:
The exact, effect upon Ufle revenues Oh Iiit
Government of the proposed bill is diff
ficuIt of ascertainment. That there vii
he a substantial reduction, as we shal
show, admits of no doubt.
Speaking OF the effect of the increascC
duties in the wool and woolen goods ant
glass schedules, they say:
The result will he that importations
will he decreased, ana THEREAFTER tfle
| amount of revenue Collected from tneS'
sources will be diminished
When that bill was framed the Republican I
leaders owed a debt to the manufa cturers
out of whom they had fried the fat il
the canpaign of 1888. That debt was paie
with the Mckinley bill. Now they owe {
debt to the classes and corporations GU
of whom they fried the fat in the cam
paign of 1896 and that debt is to be pait
with the Dineley bill rs 1T not fine con
dition of affairs when q political party cai
raise an enormous fund to debauch tn
suffrage of the people and then turn roun'
and tax the people to pay back that funt
and millions upon millions more? "a hil
to provide revenue for the Government anC
to encourage the Industries of the Unite'
States.'' indeedl Perhaps lthe Republican
campaign committee can furnish list o
the .cheyalers of industry who are TO b.
thus encouraged 1t would be might
interesting reading just now; but what tn
public would really like to know is VIII
the American people are always bein
called on to pay the political debts of tn
RepubIican party. The pretense that
high protective tariff is levied for th
benefit of the American workingman i
utterly "too thin to wash No doubt tn
wages of workingmen have increased fror
, time to time. but the statistics will shoy