Rocky Ford enterprise., 1904-10-21
FOR REVENUE ONLY
4 DEMOCRATIC POLICY AND
HOW IT WORKS IN PRACTICE
The Wilson Tariff Law snd Its Stu.
pendous and Disastrous Failure,
with Four Years Of Accom psnyins
BusIness Disaster.

The Democratic policy has often been
announced to be "a TARIFF FOR
REVENUE ONLY" Aud what this high.
sounding policy always in practice has
produced Is DIMINISHING REVENUE
AND INCREASING DEFICIT.
The great business depression which
overlook the country during the last
Democratic administration was due not
merely TO the anti.protectIon features OF
Democratic tariff tink-rins. but TO the
very serious falling on in government
revenues which It occaslonei.
When there Is a Condition of uncer-
sainiy and Instability" In business, which
Mr.. Parker himself has admitted follow
ed past attempts In the tsri1 tlnGrr!ns
line. the imports OF certain classes OF
dutilblc goods are always sure to fall of
evcl with the decreased tariff. for the
reason that the people consume less for
eIsn iuSur!es In hard times than In good.
With the foreigners flooding the Amer.
can markets with articles that can Just
as well be produced by American labor.
our own people naturally have less hnan'
eial means with which TO buy foreign
laecs. silks teas. wines. perfumes. d!a'
monds. works OF art. etc.
As rcv~nuc.proiucins measure the
Wilson tariff law was q .tupen.ious fail.
ure. Its authors showed colossal busi.
ness Incompetence In their failure TO
make u supply anywhere near the
sssount OF revenues required TO meet the
expenses OF the government The reve-
nue from the Wilson bill fell short Of the
estimates Of Its D~inocrstIc trainers by
no less o sum thsn &ss.ODD.guO. and
this. Including It's sugar import tar. 10
which many sf the D~usocratIc leaders,
Including Prv.idsnt Cleveland himself.
hsd been bitterly opposed. This bill no,
eaiy did direct damage 30 manufacturing
industry everywhere throughout the
euunsry. bat Il hsi disas;rsa. effects on
che uasion's efviit. because In causing
she rvvsnu~s to drop heavily below tho
expenditures Il forced the government to
draw for Iis routine expenses on the
treasury gold reserve. which, wa. needed
sn preserve the gold standard OF raiue.
and this shr!nksrs In the gold reserve In
turn neces.l,atei the enormous bsna iss
sues In which syndlcsi-s secured thsis
soioslous "sakear..'
All through is1t trade Decentralization
Increased. aud the government revenues
for the hss; sis usaa,hs Of the year turn
81 out TO be atoat siD.0oo.ncp lee. thaa
the Democratic Secretary of the Treas.
usy. Mr.. Carlisle. had es,ims'si they
weuii be In hi. report Of p~crmhsr.
ISIS. Nevertheless tho Democratic lead.
-rs failed TO h-ei the rarniar. but went
ahead with their sF-- trade tariff bill
without psy!ae ,he slish;es; attention 90
whether or not the hill couii produce
ensuxh r.tsaue sor faanias the govern
uient.
Dssis f.aets Ost fsv Ssis own Rsvs~ss.
The House Of Representatives no, caly
sssaek OF III. impost taxes on Nj. irsa
a.
pr.;eetivs daties. and therefore Nsic,I
Hune the sussf duttes. wntca rsK 81
revenue tar Of ,s. mos, prsiac,i,.I h,r.
er;er. The Senate. thruazh ;hf fiuhu
esc~ Of II. q. Davis. now 'hfDcmc.
cratic vlcv pse.iasatisi candidate. whose
vas; f.stua. ~ss appreciated chiefly In
cal lands. replaced th. dat, Of 20 cents
PER ssr on coal. which was an utterly
insiEniHrani .,utce Of national r.reauc.
but IL restored oaiy such part os the
susar du'iss ss epali play dircCtiy iatp
shs hand. Of the sugar trust. Cua.ii'
cred merely ~ Law cpntrivesi To rfo.
dure sufiisisnt revenue. the Senate bill
vas undoubtedly superior 10 the ltnus-
5ili. The Scaite sugar tariff. II u true.
produced eventually hsriiy onc.hsif as
mach revenue Rs h,d been yielici by the
suxsr tariff Of iSssl. bu; there was never.
thsle.s coiicrtei frsn this source. in the
FIRST full year under the smruici Wilson
act. the sum Of t-'.s1p.pDp. none Of
which revenue would have been obtained
hy the government nader the House biii's
frse-sursr pr.vi~.yus. hut the public
rsfa.e-i for vcrJ obvious reasons 60 rivs
che trainers Of the Senate amendments
sny cred, for this achievement. On the
eve of the passage Of the Wilson bill
L. H. k..t a a. rrA Ht
several D-m,crstic Senator's. whose
votes c,uirslisi action os the sugar du.
ties. were sprcuis,ins in Wall street In
sugar trust stock. The angry puhlic
eiaulor over these disclosures was follow.
ed by an open letter from Pr-sijcn,
Cleveland to his supporters in the House.
declaring the senatorial changes to he
-outrage,us determinations and viola.
lions Of pripciplc"-an assertion which.
In view Of the platform OF the majority.
was certainly M, unwarrant~i. From
the acor Of the Senate. the Democratic
leaders re'ortei publicly with much
show Of indignation. When. finally.
after q long anil stubtnru struggle. the
Senate tariff bill prevailed and passed
esIfk houses. President Cleveland refused
90 PIT his maine to IL. anil left the bill
Co become a law without his signature.
Fsom HAD so Worse
The result Of this haphszar,i reckoning
on ,he revenue was law which never
produced a surplus. Even with its sugar
import tax the yield Of the Senate bill.
In the succeeding year. fell short OF the
estimate Of its authors hy no less sum
than SsI.pcp.Uy1 For this exceedingly
Sli.timei miscalculatipn. the Democratic
fifty-third Congress is properly held re.
.ponsible for the necessity Of subsequent
bond issues. IL IL true that both houses
had added TO the hill q tax OF two per
cent on incpmes over $1,000. and in
vague. indefinite way had reckOned that
-he product of this tax would make good
whatever deficiencies might arise from
other schedules. The income tax did not
stand the test OF examination by the
limited States Snrreme Court. and no