Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-06
THE DINGLEY VS.. THE WILSON BILL

THE DINGLEY VS.. THE WILSON BILL.
The Washington correspondent of
the New York World presents some
interesting and instructive figures on
the working of the Dingley bill up to
date. He says that the Dingley tariff
act as producer of revenue promises
to be three-to-one failure when COM
pared with the Wilson law.
Upon the basis of results so far at
| tanned, 1t is estimated by appropriated
authority that the first years deficit
under the Dingley law will equal the
deficiency for the three years under the
Wilson law
The statement made by Secretary
Gage that the excess of expenditures
over receipts for the first year under
the new tariff will not go beyond $685.
100000, is ridiculed by financial ex-
perts.
Even permitting Mr.. Gage to use the
entire SIS, 900 900 derived from the sale
of the Union Pacific railroad, as though
it had been obtained through the col
lection of duties on importations, his
estimates are still below those made by
reliable accountants in the government
tai service.
The officials of the administration
have become so alarmed at the con-
tinuous defcit-producing character of
the Dingley bill that they have resorted
to unusual methods in endeavoring to
hide it's deficits.
Such an opportunity was presented
when the Union Pacific railroad was
sold to the reorganization syndicate,
and the first payment on this account,
$13, 645, 250, appeared in the treasury
statement among the ordinary receipts
of the government for November. By
thus juggling the figures, Secretary
Gage was able to present a surplus of
receipts over expenses for the month.
The deficit by months since June so
has been:
July......... .......................S1 eco
september. ............... .........- S'Sao.VW
October. OBSERVATION-DISCLOSURES. 9.3l0,VCo
NoVemoer'.'.. ............'........ o'o4o'oV
Secretary Cages figures for NOvem-
Der, secured by carrying into cash
s13, 645, $50 paid on account of the
Union Pacific sale. makes a surplus for
the month of $5,553, 900. q
But this money is no part of the
revenue derived from the Dingley act,
and must be deducted from government
revenues to ascertain what the law is
producing.
When President Mckinley succeeded
Mr.. Cleveland the available cash in the
treasury was s212,S37 ,255. Immediate
" the preparation of high tariff bill
commenced, and under its influence,
importers have taken advantage of low
duties and fearing much higher ones,
the cash in the treasury was increased
from March l to August 1, until it
reached 1898 .O16,000.
From this point, with the Dingley
act in full operation, the deficit has
continued until November 80, when 1t
was, for that portion of the fiscal year
already completed, s46,000.O 900, and run
ming at ratio of more than 800, 000,-
900 for the entire year.
During the three years the Wilson
act was in operation the deficit was:
1895 ............................ .s42. soo 90
1895 Observation-Disclosures. % AS 90
1891 .............- lSuo2,VU
Total SooooV,uU
Admitting that there will be an in
crease of importations during the lat
ter part of the year, it is claimed by
experts whose authority cannot be
questioned, that the deficit will reach
at least $S5.0O0. 900. which will be as
much Of deficit IN one year = vas