Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-10-26
TARIFF POLICY
TURNS REVENUES INTO COZ.
FERs OF MEXICAN LEADERS,
CATTLE lMPoRrArIoNs
INCREASE ENORMOUSLY
Many Come to United States From
Mexico and Villa and Others in Con-
trot Exact Export Duty Since United
States Removed Entire Tariff-Sloan
Discusses Problems Of Situation.
Especial Correspondence

] Washington, Oct. 26.-Why the west
ern farmer is SO profoundly dissatis-
I fed with the democratic tariff policy
was explained recently by Congress-
man Charles H. Sloan of Nebraska, MIR.
Sloan presents the economic aspects of
| the enormous exports of cattle from
Mexico by Villa in a rather startling
way. The Underwood Simmons tariff
law placed cattle on the free list. Mr..
sloan points out that the importations
OF the last tWenty-one months under
the Payne law amounted to sll,492.-
90 and under the new law they were
sSS.165.9I3. If the duty had been cut
into instead of abolished, the loss to
the treasury on this one item alone
would have been very heavy. But to
effect this discrimination against the
producers OF our cattle, Mr.. Sloan re-
marks, we not only diverted millions
OF revenue from our own treasury but
the shrewd Mexicans immediately
placed an export duty upon cattle sold
10 the United States, so that large
portion of our own loss went to swell
the war chest CT Euerta Carranza and
Villa To make this discrimination
more effective, not only was it accom-
plished at the expense of the American
farmer and Of the United States treas
ury but there was furnished a means
OF proionging the Mexican trouble
along with contribution to the ban
dts who We're enemies of the United
States.
BeIittIes Redfield Policy.
CONGRESSMAN Sloan aliudes also to
the deep concern shown by Secretary
OF Commerce Redfeld over the prob
able dumping of cheap goods on our
shores after the close of the European
Xar. Referring to Secretary Redheld's
remark that this issue should be met
from the ethical and not the economic
standpoint. he SAYS: With the dump
ing of cheap manufactures on our
shores in prospect it becomes ques-
tion OF right and wrong; but with the
two years dumping of farm products
raised on cheap land by cheap labor
and cheap transportation. it is a great
national virtue" Congressman Sloan
summarizes the fiscal policy of the adj
as follows:
From all the data obtainable and
fair consideration of all conditions, the
placing of nearly all the important
drastically reducing the remainder
caused loss TO the treasury of not
less than S30.GO0,000 to $40, 600, 900 per
annum. Assuming the expectancy of
the Underwood law, based upon tables
of mortality for similar laws, to be
four years, the total loss of revenue
would be from sl2o,o00,0 900 TO $780,
coo. 0oe. This would easily have rend-
cred unnecessary the war revenue tax
law. That sum would nearly equal the
individual income tax for that period.
1t would have capitalized the
twelve regional banks and created a
reserve which would have met all
loans thus far made by those institu-
tons, and created also rural credit
loan fund of from s15O0o000 to $685.
100000. 1t would have added a reason
able increase to our army and made
the United States the second naval
power on earth. Or it would for that
period have paid the interest on our
national debt and completed our rural
mail service instead of allowing it to
be curtailed.'