Democratic Sentinel, Volume 21, Number 8, Rensselaer, Jasper County, 26 February 1897 — Tariff and Revenue. [ARTICLE]

Tariff and Revenue.

llic McKinley bill ims e liiicu i) net to redact* the noti ue.” — its passage not only reduced the r venue, but produced a deficiency, l be txireine duties levied on imports shutout foreign goods, trif.ubv decreasing governm ntul in~ c me. Mole than iba*, t e McKinley law d’Uiioishe.. our export liv.de. Ti.i* present law has „oruited in quite the *p osite. lle\s nuts fiom imports have not or.lv iu.oeased, but the growth of oui i xnoit trade has been stoutly and ioinunr rative. 1 lie W Ison hivv nas gi.<n duinanuf cturer the b: e* fit of lower duti'-s op raw inati*.' n!: the f*ee w« ol i r iid whs ii po-ittve iidvan*tage ! ’l i < 'in-inner has profited by the lbwer price-* on cotuinp i

ties made possible by the sensible decrease in tariff taxatiou . f the Wilson act has not produced suffi - ce; t revenue - o meet governmental expenses its failure is due to Congr ssioual extravagance aud tlie decisio'.'iwhieii rondel ea the income tax law inoperative. Aud the steady increase in revenue justifies the assertion th nf aibh—tbe-economy TvEudiThould always b * <bs< rve j in the management of the government’s business the Wilson law, even shor»* of tbt> income tax feature, will produce sufficient money to meet every reasonable demand To wlmt extent; the failure of 1890 can be lmutp the success of 1897 remains t i d*sj n. The Melvin ey tariff 1 >w Accomplished uothing more n Ivatifngetus than the defeat of the Republican party. If the forthcoming measure partakes of tLe inequalities of the act of 1890 history will repeat itself in the overthrow of the pa ty that is now engaged in the pieparatiou of a bill designed to discharge the obligations which the support of n nopoly in the last campaign imp >stD upon its leaders.