Bisbee daily review., 1905-05-27


 High Rates Keep Down Government
 Revenue Receipts-They Also Eu-
 able Protected Trusts to Charge
 Extravagant Prices.
 Tariff May Be Changed" is the head line introducing a recent Washington dispatch to the New York Tribune Increasing Deficit. Some Action Need ed to Swell Federal Revenues" These are the words in which the Tribune seeks to convey to its readers the i'm portanee of the dispatch and to empha. size its significance. They are not eX. aggerated or misplaced. The dispatch is certainly important and significant Had it appeared in an opposition pa per it would naturally have required some vcrifcation. The Tribune would not publish it if it did not believe and have excellent reason to believe that it is entirely true.
 The dispatch states that the consid- erable and steadily increasing deficit In the federal treasury is compelling attention and that it is predicted by members of the cabinet that the presi- dent will take the matter up as soon as he returns from the west" It is further intimated that on the return of Senator A!Grich from Europe in June he will discuss the question with the president and may call together the finance committee Of the senate.
 The most interesting feature of this report is the assertion that the deficit will give increased impetus to the de- m&cd for readjustment of the tariff scEeIulcs. The president and most of the leaders of the senate are convinc- cd that the time has come when the Dingley law should be readjusted to changed conditions The reasoning of Mr Roosevelt and those who agree with him is thus summed up by the Tribune correspondent:
 Those who maintain that the time for readiustment has arrived point to the fact that when the Dingley act was enacted it carefully adjusted every schedule so as to afford ample pro- lection to American manufacturers and producers, eliminating the differ ence between the cheap labor used in the production of foreign goods and the more expensive labor which is factor in American products and at the same time afforded ample revenue t0 the government. Now. it is main- tained the progress of the protected industries, the cheapening of methods of production and manufacture and the development of the several lines of industry have combined to lessen the cost of production in certain instances, and the existing tariff rate is therefore prohibitive, with the result that the gov erlment is deprived Of possible reve- nue, while in some instances perhaps the manufacturer is enabled to charge q price for his goods out of proportion 4o the greater wages he is compelled to pay as compared with his foreign com petitor It is not maintained that there are many instances of this kind or that there are numerous schedules which require readjustment, but that there are enough. if properly adjusted, to overcome the current deficit"
 The correspondent adds that "of the senate finance committee Senators Al drich. Allison, Burrows. Hansbrough and Spooner are known to favor tariff readjustment' and that MT. Aldrich. before sailing for Europe, obtained from Senator German the assurance that the Democrats would not filibuster on any tariff bill which the majority might press, but. so far as they were concerned, would permit it's passage at the extra session to be called in the fall.
 The facts specially to be noted in this remarkarie statement are that ttc h;Gi; tariff rates prevent the treasury from getting revenue; that they are not sim ply protective in oTsetting the assdm- ed increased cost of labor. but that they are prohibitory; that they enable the favored interests 10 charge cXtravagant profits, safe from all foreign conpeti- ton. and. as fair inference. when the favored interests enjay a practical mo nopoly in hGalc production the tariff strengthens that monopoly and tends to perpettlate it. These are the convictions of the president and of fiye-sevenths Of the Republican memhers of the senate finance committee. No doubt the fa- yored interests take precisely the same view in private. For that reason they will fight readjUs,meat to the utmost