The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-07


WASHINGTON. July CHOW that
the senate changes In the tariff bin are
practically completed. 1t is possible to
form a fairly close estimate Of the pros
peetive earnings OF that measure when
It goes into effect, OF course, the con-
ference win make some further changes
but Is not expected that they win be of
such character as TO AFFECT materially
the Income of the government when the
bill becomes a law.
II think we may assume" said Chair
man pingley Of the ways and means
committee. that the new law win, after
the enormous stock OF foreign goods
now on hand has been absorbed, pro-
duce sufficient revenue to comfortably
meet the expenses OF the government"
you do not suppose. then, that It viii
meet the running expenses In the first
few months OF It's operation?"
1T scarcely VIII be reasonable to ex-
pect that II Will, AS everybody knows,
there Is more than years supply OF
foreign wool In the country. BY some II
- estimated that there are two years
supply. There probably Is nearly or
fully q years supply Of sugar on hand;
there 10 large supply of woOlen goods
and many months supply Of tobacco.
to say nothing OF the hundreds OF other
articles which have been brought In eN-
cess of the usual demands and OF the
immediate requirements. So shall not
be surprined II the law fails to produce
enough to meet running expenses dur
ing the first few months OF Its work. In
deed, u would be surprising II It should
do ao."
Senator Aldrioh, who has lust re-
turned to the city and is able to resume
the consideration OF the new tariff
measure has expressed himself to his
friends as confident that the bill, even
in Its present form would be productive
OF sufficient revenue to meet the neces-
sary expenditures OF the government.
Congressman Deliver member OF the
ways and means committee, expresses
the same opinion. II believe" said he,
that the new law will produce sufil-
Client revenue as soon as importatlonB
resume their usual course. The fact
that there Is u years supply Of such
important revenue producing articles as
wool. sugar, tobacco. wooden goods, and
other articles OF this kind In the coun-
portations during the next few months,
and consequently make the receipts
light under the new law after some
time. But the people, / think, under
stand this fully. and Will not expect any
thing else In view OF the fact that the
importers have been permitted TO fift
up the warehouses and country gener-
ally with foreign goods before the new
law could go into effect. When business
improves under the new law and peo-
pie are able 10 buy. and when the stock
row on hand Is worked on, have no
doubt that the new measure VIII pro-
duce ample revenue. and until that
time the people viii understand that
any deficiency In its earnings are due to
the enormous stock OF goods which
have already been brought In and upon
which the duties have all been collected
and turned into the treasury"
II may be added In substlntiatlon OF
the views of Chairman Dfngley and
Representative Dolliver. that tariff ex-
perts who have been following the work
OF the senate closely, estimate that the
bill us II now stands win produce rev.
enue slightly In excess OF that estimated
for the bill when It left the house, and
as Il r. probable that the rates Will be
somewhat Increased In the conference,
they look with confidence upon the bill
as revenue producer under normal
conditions.
The following tables show the impor-
tations In the last four months on wool
and sugar and also the total importas
lions during the same period; the fig
ures for the four months in question are
compared with those OF the correspond
ing months of the preceding year. which
VIII indicate the excessive importatlons
since the inauguration OF the present
administration and their prospective Ell
feet upon the revenue when the new
law goes into effect.
Table showing importations OF wool
(pounds), March to July /. 1896 and