New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-23

clearly stated In the Message OF the tresuen.
Vision Of the tariff for ds ss To
story so completely within your own Kho"Ieos''
n Trsa In tbe four fiscal years beginning July
1883 and closing on June 30 next the revenue OF tc
has s been s,on3 of more u than
or on the average SoaUo per he Treasury in
his last annual report, estimates that under eM
isting conditions this deficiency VII cGntinIe' ana
will reach sescen %SrS Of up close
of the present fiscal year s has See Teazed from the
sale of ses as 80 bonds the last ANALYSIS over Ss
s0eoco has been used IS 1ey TO pay the '"'''
pFomr,brhis chronic deficiency of revenue and the
use Of the the States de@and
with gold obtained by horrow,ng ndT we rn ON the
Tr Treas and weakened business confidence oil
FfihErSs deficiency or revenue has nearly sai an an
mnerts~and not from a decline OF revenue from IN
tens taxencs the boo result rs Of }1recasng and sub
ssnnentlv partially accomplishing revolutionary
fna ms e year besnning july 1892 the revenue
derived from The duties on imports was szoSo'V w,
an ne,soSe Of @ it Was the Confident expecta
lion of the then Secretary Of the treasury tnd. ~
ssso 6So eoo but this expectation was blasted when
anticipated tariff legislation that would iarge s;,hs
ouently 10 disorganize industries.
THE REMEDY PROPOSED.
In the light of this course OF events and in the
face of the chronic deficiency requiring immaculate
relief the Committee Of Ways and Means nave re-
norted the pending bin to revise the tariff for the
ends indicated by the title. 10 wit: 10 provide ao-
dtional revenue TO. carry on the gInHsht, anu
al me same time in adjusting the dutes 10 se
cure this revenue. TO encourage the indqs'res Oh
In this revision the committee have endeayore ,
selves to framing of practical remeo NAM nv
least in part. dor th .be ~omnirV II is IA condi-
ION and not a theory which confronts us ouI
n,nhlSm is 10 provide adequate from duties
On mpor,s to carry on the Government and in i'm
DOsng duties secure this result so 10 au'ust Nc
to 6 59 Such oH5 OM fdes as we can produce
make for ourselves without; natural usS s @ ia
sr or res ssred st no economical policy will
prove a success unless il shall in some manner con-
tr T neo 70 pc gnsd wages When this shall
complshed and thus the pre haSing power o. r [ns
case 10 feel the depressing effect OF under
sumption and the soJ prosperity Of our people rise 10
The last four years have beer enlightening es-
pecay TO candid I on
gigantic scale The tuition has come hign out no
Hereafter theories preached in however captivating
language. will have 20 give way 10 the teachings OF
II has been favorite assumption Of some thee,
rsis that revinme a9S Rt W hove had in the
last seven years in the contrasted WORKING OF me me
We Wool ana 81 schedule Of
the ,arif of 1894 a most striking demonstration
The impor,a;ions of clothing wool in 1895. under
the tariff of 1890. were about 4oe9VS pounds ana OF
Worn by The vel TODD. who think it the thins 70
wear foreign-made cloth. and who are Wiling 10
pay the duties imposed upon IL. From these I'M
portatons Of wool and wcoens n 1893 he Govern
The importations of clothing wool In the fiscal
year 1896 exceeded l27 100000 pou lds-hree times as
than twice as many pounds in 1896 as in 1896 and yet
the revenue derived by the Government from this
he fr1nn M "a
woolleDs in the scai year 1896 was only 500 100000
a loss OF s2lsOOOo from that realized in 1893. -.
RESULTS OF FREE WOOL.
In other words by placing wool the free list
and reducing the duties on manufactures Of wool,
the Treas ury lost $2 10000 Of revenue our farmers
lost a market for 50 600 go pounds Of wool which
they raised in 1892 in excess of what they raised in
1863 we'll nearly 10 cents per pound in price.
involving loss to them of nearly 100000 per an
manufacturers and their workingmen lost market
not only Tor The goods which foreign i'm
WAe1 the farmers ana s masses or me people We're
buy IN 1896 because of loss of employment and pur-
. chasing power.
placing wool on the free list TO the injury Of the
farmer and manufactures. we have not been thereby
wool Gas IL was claimed would he the case) and
the S power OF Of bs by
and thus compelling them 10 seek the cheapest
II it be claimed that this has reduced the cost
Of clothing 10 the people. the reply Is obvious that
~ has done so only IN appearance. because in point
OF fact the masses deprived of work and wages by
what has given foreign manufacturers the making
to buy Clothing than they did before
prqtns by this expe,ence the WAYS and Means
wool from the free list: where i was so unjustiv
% e R abe M at & , anq hsvs e. bored
the tariff of 1850; and have also restored the same
provided by that act in order 10 place the manu-
facturer OF wool the basis as 10 his
and hf- .f.o,.
the latter act-as is always necessary in order to
provide market for our domestic wool To ths
practically equivalent to the ad valorem duties i'm,
posed by both the tariffs Of 1890 and 1894 pro-
lection 10 the WOO manufacturer.
This. It is believed viii greatly. aid the wool.
presently regain what have lost in the last four
years and ultimately result in the home production
will also greatly encourage the wool manufacturing
industry. which has suffered so severely under the
increase the revenue from duties on wool and Wool
lens not less than $4,000 900 per annum
THE SUGAR SCHEDULE
The duty sugar has also been increased, both
for purposes OF revenue and also 10 encourage the
production Of sugar In the United States and
thereby give 70 our farmers a and much
needed crop We pay foreign countries about
ssaO0O.O0 for imported sugar. Notwithstanding the
abnormaiy low price. aud this sum will soon be
increased to 100000. The success which has at.
tended the growing Of sugar beets and the pro-
in the last five years. not 10 mention the progress
IN the production OF cane sugar In Louisiana, has
made the problem OF producing own sugar no
longer doubtful; and now that must have the in
creased revenue from sugar favorable opportunity
presents Itself Tor giving this boon TO agri-
culture.
The duty on sugar proposed is specific according
10 polariscopic test OF the degree Of saccharine
matter beginning at cent per pound for sugar
po,arising not more than - degrees. and increa sing
the duty three ne-nundredths of cent for each
additional degree. This would make the duty on
raw sugar OF the same polariscOpic test refined
u OF cen; for such sugar above No Is Dutch
standard in color (refned sugar. making the duty
] cent and eightv-seven and half hundred,hs This
eighth with whatever may be added by the counter
vaiiing duty on all sugar imported from export
bOunty-paying countries, as the protection which
It is believed vii maintain the refining industry
mere snotwithslahdihg me present dlnerential one.
that proposed This will be the only dinerential