The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1898-10-26

take into consideration the anticipatory
importations, the falsity of this claim is
absolutely demonstrated. Let it be re-
membered that the average monthly re-
ceipts of customs under the Wilson bill
under normal conditions were between
$11, 900, 900 and $12000,0 900. Let 1t be further
remembered that the receipts for the
last five months of that law were more
than $43, 600, 900 greater than they were for
the corresponding months Of 1896. and let
it be further noticed that the revenues
fell off in the month of August, 1897, the
first month under the Dingley law, from
the average during the last five months
of the Wilson law of 500, SOC, 900 month
to less than $7,000,0O0 Then let it be fur
ther noticed that the receipts under the
Dingley law constantly and steadily In
creased in each month until in the
months of February and March 1898, they
amounted to more than SIS, 0OO,0 600 and for
the first time in months. yes years, un-
der normal conditions, the receipts of
the government were greater than the
expenditures, on peace basis. Tnen no
tice the falling off in April, May and June,
1893, when war conditions and the conse-
quent arrangement of our foreign COM
merce by reason of foreign complications
arising from such war conditions pre-
vailed, and how Immediately in July,
1898, when peace was assured, they at
once went back to more than Sic, 900
and in the month of August to more
than S16,000,000
When we consider all these facts it is
impossible to escape the conclusion that
by the war, the Dingley law would have
yielded, in fact has
Yielded, Ample Revenue
to prevent a deficiency in expendi-
lures on peace footing. And this con-
cluSion Is further strengthened by con-
sidering the detailed monthly revenues
and expenditures for the first seven and
~ 1ar% {lr 81 10
year ending June 80, 1898. The revenue
for the first seven months, exclusive of
Pacific railroad payments, was $1S6, 000 600
and the expenditures $24O, 200, leaving
a deficiency of a little more than $54, 000,-
900. The revenue for the last five
months, exclusive of Pacific railroad pay
ments, from February l to July 1, 1898,
was $152,0O0,000 and the peace expendi-
lures for the last five months $140, 000, 600,
making a surplus during the last five
months of about s12,OO0,OOO. Now the sta
tistics show that receipts from internal
revenue were $2,0 900 more in June, 1898,
than in May or April. Let us attribute
this increase of $2,000,000 to the war reve-
nue. bill and it would leave us surplus,
on peace footing from Feb. 1 to July
l, 1898, of, in round figures, $4,000, 000
Thus we see that on the basis of peace
expenditures the Dingley bill yielded for
the last five months of the fiscal year
1898 surplus Of $4,000 600. have hereto
importations during the last five months
of the Wilson law, the revenues under the
Dingley law would have been at least $780,
100000 more than they were. If this
$50, 600, 900 had been collected the deficiency
for the first seven months of the fiscal
year would have been only $4,O00,0OO, and
there would have been for the entire first
fiscal year of the operation Of the Dingley
law net surplus of $6,00O,Oo0.
When the Dingley bill was under con-
iy,ri
as they have always done, that 1t would
affect our foreign commerce disadvan-
tageously and would reduce American
markets abroad. Let us examine this in
the light of the figures shown by the
treasury department. The new law went
into effect near the close of the month
of July, 1897, so we will consider the
entire fiscal year ending June 80, 1898, and
compare 1t with the preceding fiscal year.
Our total sales to other parts of the
world during the last fiscal year, the first
of the Dingley law, were s., 210, 000,O 900, as
compared with 81, 032, 00O, 900 for the preced-
ing year, an increase Of SITS 100000.
Of the exports or sales abroad Of man
ufactures, there were $3.50 900, 600 for the
last fiscal year, as compared with $277, 000,-
900 in the preceding year, an increase of
about ,000 In spite of the assertion
Of its opponents that the Dingley law
would unfavorably affect our commerce.
we have increased our entire exports to
nearly 100000, and our export of man
ufactures at the rate of nearly 81, 900 600,
per month. For the first time in our
history we are exporting more manufac-
tured articles than we are importing, and
our total exports are the greatest in our
history, for the first time being
Double Our Imports.
Not only have our sales to other parts
of the world been greater as I have
1~@fo ,y,Io ho ,,rr1a 11rry
both of agricultural and manufactured
products, but the bill has also demon
strated its ability, under normal condi-
lions, to supply, together with the inter-
nal revenue laws as they were before the
war revenue law was enacted, sufficient
revenue to meet the ordinary expenses of
the government, and it has at the same
time reduced imports from other parts of
the world which come into competition
with our manufactures. The total i'm
ports for the last fiscal year were $685.
900, 900, as against S765 900, 900 in the pre-
ceding year, and the imports of manu-
featured articles for consumption were
$S3, 100000, as against $134 600, 600 for the
preceding year. Thus, while we have
been increasing our total exports more
than $4,000, 600, we have decreased our
total imports by nearly $149, 900 from
what they were in 1897, and $164, OOO,O 600
from what they were in 1896. While we
have increased our exports of manufac-
lures by nearly $ll,UUU,UOO, we nave ue-
creased our. imports Of manufactures for
consumption by nearly $50, 100000.
Thus we see the Dingley bill as condi-
lions have approached the normal has
not only provided sufficient revenue
for the ordinary needs Of the government,
but has also, while not in the least
diminishing our foreign trade but on the
contrary in the presence of an enormous
increase of that trade In every direction,
furnished to our domestic industries
full and adequate measure of protection;
giving to our own people to the fullest
extent possible, or even desirable, their
own unrivalled home market.
That Lumber Schedule.
Before leaving this subject I wish to
refer briefly to that part of the bill which
particularly concerned this district. Ev-
cry interest and industry in which we
were especially interested was closely
watched and properly taken care of. On
most of these 1t was not difficult to Sc
cure proper rates, but when it came to
the lumber schedule it was not such easy
sailing When this schedule was being
considered in the committee I called to-
gether some of the leading lumbermen
of the district and conferred with them