The Hartford republican. (Hartford, Ky.) 18??-1926, 1914-04-10
new TARIFF
RANK failure
Customs Receipts Fall Off
$25,OOO,OOO.
While Our Goods Sent Abroad
Decreased Over $780,
100000.

Washington, April S.-The first
half years record of the new tariff
law presents a spectacle of falling
revenues, increased deficits, reducing
industrial activity and smaller ex-
portation of manufactures. The new
law erl1ed it's first six months record
at the close of business April 3, and
reports of yesterdays treasury re-
ceipts tell the story of the full period
SO far as relates to revenue, while
other official reports just issued COW
er in lletail the commercial operations
of five months and furnish a basis
for an estimate as to the sixth month
of the period.
months show a fall of more than $25,
100000 in customs receipts when COM
pared with the corresponding period
Of the preceding year. Not a single
month in the entire period shows as
large receipts from customs as that
of the corresponding month Of the
preceding year, when the Payne-Al-
drich law was In operation, and in
+ but one of the five months, for which
details of imports are available, are
the imports of manufactured mater
ials as large as in the corresponding
month of the previous year.
The attempt to sharpen the wits
of manufacturers by whetting them
against the wits of the rest Of the
world does not seem to have been a
success thus far, ais the five months
period shows not only a fall in the
I importation of the materials when
they must use. but also large fall
in the exports OF their products. Nor
do the reprots from the sixth month
suggest any material Improvement in
this particular.
The customs receipts of March, the
sixth month of the period, which are
in some degrees an index of actual
imports, are no larger than those oil
March of the preceding year. and
when it is considered that much Of the
receipts OF that month in the cur
rent year came from sugar imported
in earlier months and awaiting the
-duced rates which began with
March, there seems no reason to ex-
pect any material improvement in the
general imports of the month.
For the five months the imports
Of raw materials amount to but $685.
OOO. 900. against $2S0.0OO,O0O in the
same months of the preceding year,
and those of manufacturing are but
1922 SOC. 900, against s149. 100000 in the
preceding year.
Meantime tn export records are
equally bad, SO far ais relates to fore
ing American manufactures into for
eign markets sin competition with
the wits of the world"
The official record Of the five
months ended with February, 1914,
shows but $295, 500. 900 worth of fin
ished manufactures exported against
$S15, $50, 900 exported in the same
months of the preceding year and OF
manufactures for further use in
manufacturing. $l49,O00.OOO against
SIG, OOO. 900 in the corresponding per-
iod last year.
To one feature of the record the
frleIils of the law point with pride
namely an increase In the importa
ton of manufacturers, which show
for the five monthsunder the new
law $isS.OOO,000 against slSS.5Oo.0OO II
the same months last year.
That the attempt 10 sharpen The
wits OF Europe's manufacturers by op
ching the doors for the admission OF
manufactures from abroad free OF dut,
or at reduced rates has resulted In
a slowing down of production ut HON
is evidenced By both the import ana
export figures.
The manufacturing material I'M
portdl has decreased ~ l-2 per cen
measured by the total values, whii'
nearly every article In the list Show
decreased quantities. imported.
The evidence OF a slowing down II
manufactures produced is equally an
parent. the value OF manufactures ex
ported having declined about pc
cent ian the five months. compares
with the SAME months OF last veal
and showing little evidences OF i'm