The Daily Texarkanian., 1897-08-12
WILSON VS.. DINGLEY.
FORMER TARIFF MAKER EXPOSES ABB
sURplTlES OF THE DlNGLEY BILL.

ahu HhcouraEo Amcflchn lhDor-~'hAkeh
Some Serious Reflections. Upon the Nc
Kinley Bill as Revenue Producer.
Ex-Postmaster General William L,
Wilson is credited with the authorship
of tho tariff bill now in forco. His
hands were tied so that he could not
make the bill nearly as good as he de-
sired to mako 1t, and the bill as finally
passed was not nearly as good as when
it first passed the house. 1t was, how
ever, great improvement upon the Nc
Kinley bill and is a model as compared
with the Dingley monstrosity, We
quote the following from Mr., Wilson s
criticism Of the Mckinley and Dingley
bills In a recent number Of tho New
York Herald;
These bills are so nearly identical in
general structure and particular items,
excepting as to tho sugar schedule, that
it may be well to consider the effect Of
the first bill on tho revenue Of the coun-
try. Both bills are vast and voluminous
schemes Of class taxation, the production
Of public revenue being an incident and
entirely subordinate to tho purpose Of
taxing all the American people for the
benefit Of a small part Of the people.
Tho protectionist has but one remedy
which he applies whether the royonuo
bo redundant or deficient If times arc
prosperous and more money than is
needed pours into tho treasury he in
oroases taxes by a schomo that turns
the larger part of their avails into pri-
vate pockets, and this reduces public
revenue, II times are depressed and leSV
money than Is needed pours into tho
treasury ho soizos tho pretoxt Of in
oroosing public revenues by adding
enormously to the amount Of private OK
action.
Tho act Of 1890, whatever its othor
effects, did reduce revenue. From
large surplus II swept us hoadlong TO q
deficiency, although IL weighted the
people with heavier taxes and although
another law passed in July, 1890,
turned into the treasury as q part OF the
general asseta to bo used for paying ox-
ponditures u trust fund of moro than
$b4, 900, 900 which belonged TO tho ma.
tional banks and had always been held
for tho redemption Of thoir notes.
Even before the Harrison administr0-
tion onded wo should have been CON
frontod with largo deficiency but for
tho uso Of this trust fund and the fur
ther fact that Secretary Foster, by n
change Of bookkeeping, added TO the
treasury balance 100000, 600 Of token
and subsidiary coin not before treated
Ms II troasury ossot, With these oxwaor.
dinary additions, oyon we wound up the
fiscal year juno 30, 1893, with n sur
plus Of only e9,94l,014 aa against n
surplus for the fiscal year Juno 80,
$780, Of over eS5,000,000 before the
above trust fund and subsidiary coin
woro touched, And during the fiscal
year ondod Juno 80, 1904, through MI
Of which the Mckinley bill was IN force,
expenditures exceeded the revenues to
the amount Of 800, s0B, 900, notwiths
standing tho fact that the expenditures
VI llN ENNNAHAHNAN MNAN NAHf NNNi VIZ
loss than IN tho preceding year.
This statement shows how nbWrd and
groundloaNia the claim constantly mado
by the protootioniata that recent deficits
In revenue Nro duo TO the substitution
Of the existing tariff for the Mckinley
bill, Nothing ID moro certain than that
" tho bin had been In force during tho
lust throo years tho annual dohoit would
have boon immensely gwollon, whilo che
people IN II eouson Of depression and
hard timo0 would have staggered under
much heavier burdens Of taxation, Even
In this disastrous period, customs duties
undor tho existing law have Increased
from lom than $4,000, 600 In 1904,
tho last year Of tho Mckinley bill, TO
even elba, 100000 IN 1888 aud 20 over
500, 900, 900 in 1905,
In the sugar schedule alone tho bal
anoe IN favor Of tho existing law IN
about 600, 900, 600 The customs rovea
nuo roochod noarly elO, 600, 000 aoaroo.
ly any Of which would have boon ro.
ceiyoblo under the Mckinley bin,
That the Dingley bill, present eondi-
tiona considered, IL the most ultra pro-
teotiye tariff ever proposed TO be enaet
ed in this country plainly appears from
Chairman Dhgleye statement that II
levied on Tho imporlntions Of the Inst
fiscal year II would have increased tho
revenue ell9, 900, 00O=that Ia 90 eay, II
would have gathered from an impofta=
tion Of e775, ,7a4, aO4 Of imported mer-
ehandiso tho enormous sum Of Ra7a,a
10000, which ia noarly 800, 600
moro thnn any oual0ma revenue over
collected In ono year IN this country Ia
the past And 10 aay chat 10 rates viii
probably check dutable imports 20 the
extent Of reducing the estimate 10 a70,s
000,00 IL only another way Of saying
that 60 that extent such rates are pro.
hibitory
American conpumorH are shut in tho
home market TO be preyed upon by eem-
binatona and trusts without p0ssibilia
" Of relief from outside competition,
Such combinations by joining 10 keep
up prices ahd 10 eHithil production,
wage moro meroileas war hgainst the
employment, the opportunities and tho
compensation Of American labor than
any possible competition from abroad
could do,
The falling on Of impoftations under
ihe present law diapela the Illusion
lhat tho American laboier ID anywhere
deprived Of employment ly the lmpor.
tation Of foreign pl0duots The aiutliyi
ing increase IN cur exports Of mHhufaes
lures IL equally strong proof that those
f.s..a l.ata Iaiatut a4a IA a4ta4 a44n lltt.