The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1897-04-03

A. Law wosid stimulate Trade and
Industries.

Industries.
Mr.. Dingley. chairman of the ways
and means committee, in digest of the
proposed tariff law, ably and in succint
manner sets forth its provisions and
presents the expectations of its trainers
as TO the manner of its operations II
enacted into law.
IL will be perceived that the repub-
lican members of the committee in
framing the bill have endeavored when
ever practical 20 make duties specific.
or at least partly specific, whenever IL
could be done. This will prevent mich
Of the frauds from undervaluations
which have deprived the government
OF a large amount of revenue and at
the same time give the desired protcc-
ton TO our own industries.
A special effort has been made 20
stimulate the agricultural industries OF
the land. and with that in view the
duties OF the act OF 1890 have been fully
restored es q rule and in few instances
increased
The maiu purpose Of the bill Is 70
provide revenue. This, OF course, is
denied by the opponents of the pro-
tective principle. Thus, for example,
the New York Herald is found declar-
ing that the bill is ga protection scheme
as pure and simple as was the Mckinley
law" This may be taken as sample
OF the narrow criticism of those who
cling TO the free trade theory. IL is i'm
disputable-and no one Of the Herald
school Of economies has endeavored TO
disprove the statement-that month
for month during the stages of their
respective existence the Mckinley law
produced more revenue than the Will
son-Gorman law. Laws, like men, must
be judged by their action. and by this
standard IL Is proved that the McKin-
ley law was not only n law for rev.
enue, but for protection rs well. And
II is confidently expected that the Ding
ley law will also prove 20 be a protect
i've measure as we'll as a medium for
providing sufficient revenue for the re-
quirements Of the government.
After making due allowance for pos
sible changes in commerce. Mr.. Dingley
thinks a fair estimate Of the revenue
that will be obtained under the first
years operation Of the law will be at
least S70.000.000. This figure may be
somewhat exceeded. Next year he is
quite confident the law will yield $780,
100000. If these expectations are real
lied the question will at once be set
tied whether this is law for revenue
or simply protective measure.
Now, as to the possibility Of prompt
enactment OF the bill. On this point
Mr.. Dingley says that any delay beyond
the LIST OF May in placing the bill on the
statute books would result in large loss
of revenue. The necessity, then. of its
prompt passage is obvious, and in view
of Mr.. DingIey's statement possibly the
opposition which was expected in the
senate will fade away. Senator Mills. OF
Texas, expressed the opinion that the
bill would not encounter this opposi-
ton. He said: 1T is the intention OF
the democratic senator's TO point out
the evils of the measure, and some
long speeches on this line may be ex-
pected. But you may depend that the
democrats will not throw any obstacle
in the way of the final passage of the
bill. The higher the duty imposed on
goods, the less revenue collected from
them. This will be found TO be the case
when the pending measure is in lawful
operation. More revenue is obtained
from the low tax now on wooden goods
than was obtained during the period
the Mckinley law was in effect, and the
same will be found to be true when the
Dlngley bill is enacted. So with other
schedules"
II Mr.. Mills is speaking for the dem
ocratic party. IL may be said that the
republican party Is content to meet
him on the issues thus raised. The new
tariff bill is offered TO the country in
all confidence that IL will prove TO be n
wise and beneficial measure. which will
provide all the revenue needed TO meet
public obligations and Mt the same
time afford protection 10 American i'm
dustries.-Albany Journal