Bisbee daily review., 1908-12-04
UP. INSTEAD
or DOWN.

or DOWN.
1t has been limited. more or less
broadly, for some time past, that the
tariff revision about TO be undertaken
by congress. would be revision up
ward. rather than downward. and the
indications seem 10 point more and
more distinctly in that direction. The
latest we have on this point is given
in a New York letter to the Record
Herald, by William Is. Curtis. care
full writer, and one whose statements
are always worthy OF confidence. Re
ferring to trade conditions, as affect
ed by the probable tariff changes.
Mr.. Curtis says:
The retail merchants in New York
agree that the fall trade is much larg.
err than they expected, taking into
consideration the effects of the panic.
which have not entirely passed on;
the fact that it is a presidential year.
and that congress is about to revise
the tariff with possibility OF chang
ing the rates or duty upon many
classes of goods. l find. however, that
there is no concern among American
importers or American manufacturers
who compete with imported goods.
They are convinced that the disposi-
ton of the congressional committees
is to advance rather than to reduce
duties; to increase rather than dimin-
ish the protection rnat now is extend
ed over American manufactures.
Those who are N the confidence
Of the members of the finance com
mittee of the senate and the ways and
means committee Of the house. have
received assurances diat if any impor
tant change is M &c in the existing
tariff it will be by HE addition of an
other column of duties after the
French and German plan. This will
give maximum and minimum TO
be applied according TO circumstances,
and the present rates will be adopted
as the minimum rue maximum rates
viii be from 10 to % per cent higher
than the present schedules and the
president will be authorized to apply
them to imports from countries which
against American mer-
chandise and particularly our agricul-
tural products.
1T seems to BE assumed here
importers that the present
rates upon all competing imports viii
unchanged Therefore, as
soon as the result OF the election was
known, and in fact as soon as the inn
porters became satisfied that Taft
would be elected. they released i'm
mense quantities of goods in the
bonded warehouses and cabIed larger
orders than have been given for more
than year. ~
"A gentleman vi . is familiar with
The foreign trade tells me that the
orders cabled to Europe within a week
after election amounted TO 500, o0o.-
700. and they include all OF the many
zinds of merchandise we are in the
habit Of bringing from, Europe and
Japan, although the proportion of
fabrics is not SO large as
usual.
'on Wednesday after election 500
invoices Of goods we're withdrawn
rom the bonded warehouses, and on
Thursday 727, whereas the average is
lbout 500, day in flush times. Dur
ng the past year 904 was considered
! good business. More than $780, |
zoe was paid in duties on the day af-
er election. and the- average is now
lboat sS0o0o0 day. In comparison |
vith 100000 and $500. 600 day dur
ns the twelve months previous Mr..
sosler, the collector of the port of |
Sew York. tells me that the revenues
selected here from customs during
he month OF November viii be
icubIe those Of ans month of the
previous year, and he believes that
kc Imports viii Increase steadily
rem this time on"
Although there are many congress