Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1897-10-13
NEW LAW DOES WELL.
Increase of Revenue Under the
Dingley Tariff.
VAST Importations Under the Wilson
LAW Hcing 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
who have had an opportunity or oc-
casion TO examine the result of its op-
eratons Treasury receipts i'm the
second month Of its existence. Septcm-
Der, are greater than those of the sec
onG month Of the Wilson law. despite
the fact that the Wilson law found
warehouses. docks and freigh; vessels
waiting To pour i'm enormous stocks of
foreign goods to add 10 its earnings.
the moment il should come into opcr-
alton. and that the Diug!ey law found
conditions precisely reversed aud the
country already flooded with foreign
Expectations. The receipts i'm Scptcn-
her. 1891. the second month of the
Dmg!ty law, were S2I,319.G4i. while
those Of October. 1894. the second
month of the wilson law. were only
Sl9Ia9..4O.
Il think we nave ample reason TO bc
graf fed with the operations OF the law
thus far" said Assistant Secretary
Howell, Of the treasury department.
The receipts for September are graft
fyiuglN large in view of the conditions
under which the act went into effect
A. everybody knows the country has
been filed with foreign goods i'm the
Few months prior to the enactment OF
this law. Vet the September receipts
exceed S2I.OOO.OOO and the deficit for
September * but Il trifc over s.. 900 600.
Considering that the period which this
covers is only a few weeks removed
from the close of the long period OF
heavy antcipatory importatiouS.
think that the showing Is an extreme
~ gratifying one"
And iustifieS 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 governments"
Undoubtedly ! think there i no
question about it. have believed
that by the end OF the calendar wear
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 ius-
tify it,"
Not only are the earnings of the
Dngley law in lis second month in eN-
cess o! those of the Wilson law in the
corresponding month OF its OPERA
atoms, but the deficit is far less. The
deficit in the second month of the VIII
son law was Sl3,j13, 500. while i'm the
second month Of the Dinglev law if is
but S3.432.1l7. 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 again in Il condition in which
its receipts will meet current expendi-
lures and enable a sufficient accumuln-
ton 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 elect has been steady
and gratifying. The receipts of the sec
ond month are 121a per cent in ex-
cess OF the receipts of the first month.
This growth is not only gratifying. but
convincing aS 10 its prospective earning
capacity when conditions become nor
NAL. The earnings during the second
half Of the month Of August were slight
ly in excess of S0.OOO.OOO: those for the
first half of September were "A little
above SlO,OOO,OOO. while those for the
second half or September were over
Sll.Ooo.0o0. The figures in detail are
as follows:
second half August ................ 50 80 600
First half September ......... 10 30g. gq0
second half September............ II 600 90
study OF the daily receipts during
the second month Of the new law. Sep
TENDER. show a steady growth during
that month. Indeed The receipts of the
closing ten days OF the month seem 10
have reached almost the normal figures
Of the corresponding dates under the
Wilson law. being within trifie during
the last ten business days of Sep
iembcr, 1891. of the earnings of the
Wilson law i'm the last ten DAYS Of Sep
TENDER. 1896. Here are the figures OF
the last ten business days of September.
1897. under the Dinglcy law compared
with the last ten bushes, days of Sep.
TENDER. 1896, under the Wilson law:
September 1896 1So.
~ S93ilpo Si4si ~,
y, i'vS"'',1 tW.uNl