Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1915-01-02
LOSS OF $43o,ooo,o00 IN TEN
MONTHS

together with its depressing effect in
bringing an increase of imports and a
decrease of exports--a twoedged
sword cutting both ways into the body
of American prosperity-is striking
" set forth in the Washington dis
patch of November rs to the Cincin-
natl Enquirer. This demonstration is
the more impressive as coming from
Democratic newspaper of high
standing, and there is no politics about
it. 1t amounts to an admission that
the Democratic government at Wash
ington is in default, that the war"
tax is not a war tax at all, but is
tax to offset the shortage of revenue
created by the reduction of the tariff
The proof is plain. Imports have
continued to increase during the war
period. Therefore the low free trade
tariff and not the war, is to blame
for the failing revenue that required
the so-called war emergency" tax to
make good the deficit. The Enquirer
correspondent says:
Washington, d. c., November 20
Charges that the war tax bill was I'M
necessary and that any deficit in reve-
nue. was not due to the war, but to the
passage OF the Underwood tariff bill
practically were verified today in a
report issued by Secretary Redheld,
of the Department of Commerce.
L. = 80
for the United States for the ten
months ending October 81, of this
year, were more than $S8,00O,OO0
greater than for the same ten months
of the preceding year, when there was
no war.
The imports for the ten months
ending October of this year were ST.
54S, 531 1914, compared with a total of
81. 400, 334,373 for the same period
last year For the month of October
this year, the imports were $l3S,O80,-
$50, compared with a total for the
same month last year of Sl32,949,-
302, an increase for October this year
of more than $5,000,O00
These figures, which, of course, are
official, were regarded here today as
striking indictment of the efficacy OF
the Underwood tariff bill. the more so,
because they are given out by mem
Der of President Wilson's Cabinet.
These figures, it was contended,
prove conclusively that the cry of the
Democrats that the loss in revenue
to this country was directly due to the
war. entirely were unfounded, and that
a lot of explaining will have to be
done by Democratic statesmen to
prove that anything outside of the Ad-
ministration's new tariff bill was re-
sponsible for the slump.
The case against the Underwood
tariff is thoroughly established by Sec
rotary Redheld's own figures.
The total imports for the ten months
ending October 81, 1914, were in value
81, 54S, 53l ,594, as compared with ST.
400, 1873 for the corresponding ten
months of 1913, a protection period,
excepting twenty-eight days in Octo-
Der of that year.
The increase in imports of food
stuffs in crude condition and food
animals in ten months of 1914 was
more than $3l 900.
The increase in foodstuffs partly
or wholly manufactured was more
than $60000,000
The imports of manufactures for
further use in manufacturing fell from
$2SS, 1872 in 1913 to $238.555,l92 in
1914; a decrease of more than $50,000-
600 that was wholly due to free trade
industrial depression in our own
C rntry.
On the other hand, there was an
increase of more than $13,000,000 in
impors of manufactures ready for con-
sumption also directly caused by add
ed favors to foreign manufacturers
granted by the Underwood free rade
tariff.
Under the general class of "miscel-
leneous,' the increase of imports in
the ten months of 1914 was more than
100000
Just how the two-edged sword of
free trade has cut into the vitals of
American prosperity is shown by the
Enquirer correspondent as follows:
The underwood d tariff bill went into
effect on October last year
The war has had disastrous effect
on our exports, however, for accord
ing to the report for ten months ended
with October. they were more than
$342,000000 less than for the same
period last year. Exports were more
than $76,000,000 less in October this
year, compared with October last year
The total exports were: October,
1913 S27l ,861 .464; October, 1914, $685.
404, $50; ten months, 1913, $2,005, 1885,
622; ten months, 1914. 81 ,662, 806,6l9.
Here is Z. loss of $34l ,477,003 in our
sales of American products to the rest
of the world, and loss of more than
$88,000,000 to American labor and in
dustry through increased purchases of
foreign products; total loss, in ten
months of free trade, of nearly $780,
100000