Rensselaer Democrat, Volume 1, Number 10, Rensselaer, Jasper County, 17 June 1898 — The Dingley a Fizzle. [ARTICLE]

The Dingley a Fizzle.

The Dingley law is a failure. Custom receipts in May, 1897, under the Wilson law, $17,000,000; in May, 1898, under Dingley law, $13,466,534. The new tax bill will serve to hide from general view the deficiencies of the Dingley law, but its failure is nevertheless obvious. . The treasury deficit for May was $17,800,000. It arises in part, of course, from w’ar expenditures. These aside, however, the ordinary expenditures would have been in excess of the ordinary receipts. Dingley’s lauded measure was a good thing for the monopolists whom it protected. As a revenue law it is a failure.—Chicago Chronicle.