The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1897-10-16
NEW LAW DOES WELL.
Increase Of Revenue Under the
Dingley Tariff.
Vast Importations Under the Wilson
Law Being Absorbed and
Fresh Imports Now
Coming In.

Especial Washington Correspondence
The second month of the operations
of the Dingley law proves extremely
satisfactory to treasury officials and
to the friends generally of the measure
casion to examine the result of its OPP
erations- Treasury receipts in the
second month of its existence, Septem-
Der, are greater than those of the Sec
ond month of the Wilson law, despite
the fact that the Wilson law found
warehouses, docks and freight vessels
waiting to pour in enormous stocks of
foreign goods to add to its earnings,
the moment it should come into oper-
alton, and that the Dingley law found
conditions precisely reversed and the
country already flooded with foreign
importations. The receipts in Septem-
Der, 1897, the second month of the
Dingley law, were S21,319,6ii, while
those of October, 1894, the second
month of the wilson law, were only
S19,l39,240.
II think we have ample reason to be
gratified with the operations of the law
thus far" said Assistant Secretary
Howell, of the treasury department.
THE receipts for September are graft
fyingly large in view of the conditions
under which the act went into effect.
As everybody knows the country has
been filed with foreign goods in the
few months prior TO the enactment of
this law. yet the September receipts
exceed S21.000,000 and the deficit for
September is but trifle over s., 100000.
Considering that the period which this
covers is only few weeks removed
from the close of the long period of
heavy anticipatory importations, !
think that the showing is an extreme
ly gratifying one"
And justifies the belief which you
have formerly expressed that the
revenues under the law will in time
prove sufficient to meet the running
expenses of the government?
Undoubtedly. l think there is no
question about it. l have believed
that by the end of the calendar year
conditions will be such as to bring the
revenue of the government up to its
expenditures and September's develop
ments certainly strengthen that be-
lief in my mind, and think fully jus
tify it,"
Not only are the earnings of the
Dingley law in its second month in ex-
cess of those of the Wilson law in the
corresponding month of its opera
ations, but the deficit is far less. The
deficit in the second month of the Will
son law was, s13.573,sOO, while in the
second month of the Dingley law it is
but s3,432.7l7, or less than % per cent.
of that of the second month of the Will
son law. When the conditions under
which the two laws went into operation
are compared, this showing of the earn
ings of the new law proves very crafty
ing 10 those desiring to see il bring the
treasury agaia in a condition in which
its receipts will meet current expendi-
lures and enable sufficient accumula-
tion to provide for the sinking fund
which has been untouched during the
entire period of the operations of the
Wilson law
The growth in receipts since the new
law went into effect has been steady
and gratifying. The receipts of the Sec
ond month are 1914 per cent. in ex-
cess of the receipts of the first month.
This growth is not only gratifying. but
convincing as to its prospective earning
capacity when conditions become nor
NAL. The earnings during the second
half of the month of August were slight
lyl in excess of s9,Ooo,00o; those for the
first half of September were little
above S10,000,000. while those for the
second half of September were over
S11,000,000. The figures in detail are
as follows:
First half September......... II, 309, $50
Second half September. II 900 GAG
A study of the daily receipts during
the second month of the new law. Sep
TENDER, show steady growth during
that month. Indeed the receipts of the
closing ten days of the month seem to
have reached almost the normal figures
of the corresponding dates under the
Wilson law, being within tritie during
the last ten business days of Sep
TENDER, 1897, of the earnings of the
Wilson law in the last ten days of Sep
TENDER, 1896. Here are the figures of
the last ten business days of September,
1897, under the Dingley law compared
with The last ten business days of Sep
TENDER. 1896, under the Wilson law:
September 1896 1897
ls s934l0o Sl.431. 30s
n LOSSES 710.0S1
Y sss9'ls5 s1t.Sss