The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-10

seems TO be somewhat mixed, and there
are evidence that the contest between
the conservatism. OF Mr.. Faulkner and
the "extreme. Popoeracy Of Messrs. Me-
draw. Davis and Maccorklc will be
looked forward 10 with some interest.
L ~ +1s Jt }iJp
8f Doyan On the Dinghy, Tariff.
In a Jackson Day speech at Chicago
Saturday, Mr.. Bryan. who has been ab-
cent from the country, and possibly has
not been aware OF The fac. that during
his stay In Mexico the calamity howlcrs
had suspended the cnlamity business.
and gone to work to get their share Or
prosperity, resumed his business OF pes.
almtstlc agitation, and among other nom
scnsical things he declared that the
Dng,ey bill has proven Itself a failure.
\ After pointing to some reductions OF
wages in tho cotton Industry, due TO the
state OF that trade under extraordinary
conditions, and ignoring the fact that
thousands OF workmen in other lines of
manufactures have had their wages In
creased; tina. the volumes OF trade has
almost been without precedent, and that
the number OF failures recorded for the
past few months has been unprecedent-
eddy low, he repeats the falsehood that
the Dlngley bill Is plhng up the DELI
cheney.
Mr.. Bryan totally ignores the fact that
the Dingley bill now. instead of produc-
Eng deficiency each mcrth, Is producing.
a surplus, and that with the exception
Of January, when big interest payments
are due, for each month hereafter It is,
estimated the receipts Will far exceed
the expenditures of the government.
This Is one OF the evidences OF the char
acterlst!c dcmagogy OF Mr. Bryan, a
dcmaEogy which is proving so enlbar-
RAISING to the Popocratlc combination
that that It Is already looking out for a
new, older and more discreet leader.
AS to the Dingley bill as n producer Of
revenue, the official figures contradict
Mr.. Bryans statement concerning the
deficiency. The American Economist OF
last Week, calling attention to the fact
that It had predicted that with the, month
Of December the dead line of comparison
between the Wilson and Dingley laws
would be passed, says:
The dead line was passed in December.
the revenue for that month being more
than $1,000 900 In excess OF the revenues
for December OF the previous year. The,
revenue receipts for the first five months
Of the Dingley law and for the CORE
spending months OF 1896 under the VIII
son law are as follows:
Wilson ,ss. . law. Dinghy s ley law.
August. ....s25, 1000 sl9,1s3.000
September. 24.5s4.000 22.362,000
October 26. ?S9, 000 assoc 600
November ..... 25.2l0,000 2i,9I0,009
December -. :. o5,S5I0co '2I,93l 900
Exclusive of gS3l, 900 900 received from
the sale of the Union Pacific railroad.
p The fact of enormous advance import
a.Ions OF merchandise unde. the no
duties or the low duties OF the Wilson
law and their effect IN diminishing GUS
toms revenues until these large ant!cipa-
tory stocks should be exhausted Is too
well known TO need recapi;ulation at this
time. The heavy falling off OF revenues
for August. September. October and No.
vember, 1897, tells It's own story in that
regard. During December imports OF
sugar and wool began to resume SOME
thing like their natural proportions.
though still below the volume they will
reach when the anticipatory stocks shall
be used up.
. This Is a simple statement of facts
which such prcjudiced gentlemen as Mr..
Bryan utterly fail to take ,cognizance Of.
They will continue, we presume, 70 make
their wild assertions that are incapable
OF proof until the treasury figures of each
month make the truth so plain to the
public that the pessimlsts will be forced
TO abandon their false clamor.
IN the meatime there is every indica-
ton that the treasury receipts over ex-
pend!tures for January will exceed those
oflast January by about 100000 about
s3,0oOOoO OF which will be from customs.
dudes alone. Owing to the heavy inter
est payments referred to above. how
ever, there may not be surplus. which
may be looked for in February and
thereafter. As. the Economist says, the
danger period has passed, and the prob
len. OF revenue under the Nnglcy bill