OCR Text |
Show PROTECTS SUGAR INDUSTRY. Under the tariff rates for the twenty years ending with 1914 sugar brought into the federal treasury roundly $1,000,000,000, or an average aver-age of $50,000,000 a. year. In the fiscal year ending June 30, 1914, the customs revenue from sugar was bver $61,000,000, and even with the lower duty in force since that time the net income from this source has approached $50,000,000 a year. On the basis of last year's imports a duty of two cents a pound would have yielded a revenue of approximately approxi-mately $150,000,000. A strong probability , exists, therefore, there-fore, that when the revision of the tariff is undertaken this year the import duty on sugar will .be materially mate-rially increased. By adopting such a course Congress will be able to assure as-sure the maintenance and continued development of sugar production within the United States and at the same time will make sugar aid in providing a large and greatly needed annual revenue. -i , . -- |