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Show revenue; that in all eases except tin an increased tariff w ill result in decreased importations, and therefore a decreased revenuo; that the committee aimed to put an increased rate on manufactured goods and farm products producible pro-ducible iu this country, in order to develops de-velops home market; that the committee commit-tee is not so much concerned about tho prices of the articles we consume as to encourage the increase aud diversification diversifica-tion of home products, giving fair returns re-turns to producers and wages to American Amer-ican workmen. Believing that homo competition will regulato prices, the committee admits that free trado would cause a temporary reduction in prices, but arguo it would be at tho expense of domestic producers aud that prices would Ihcu advance with the country at the mercy of foreign for-eign syndicates and manufacturers, manufactur-ers, and the ultimate result would thus bo disadvantageous to both capital and labor. Tho committee com-mittee says that tho country is least prosperous iu which low prices and wagon prevail, and point to tho present agricultural depression as a sample. The committee believes it better to raise the $400,000,000 necessary to run the government by taking foreign imports than take it from domestic products. That tho entire bill is based upon protection pro-tection to American industry, but at the same time recommending no duty above the point of difference between tho normal nor-mal cost of production here, including labor and the cost of like production abroad. The report then takes up the details of the bill and says tho reduction reduc-tion in revenues from placing on the free list chemicals not produced in this country will amount to eight hundred and seventy-five thousand dollars, i It cites figures to show the decline in wool production and says that the advance ad-vance in duties have been recommended, re-commended, which will afford amp-plo amp-plo protection to the wool grower While the senate bill fixed the duty on third-class wool at 4 ceuts, the committee com-mittee makes it ity, with a change in delinitions, classifications, etc., which will compensate for tho difference. The committe believes tho country should produce all of tho wool of the consumers. This can bo done by the addition ad-dition of 100,000,000 sheep to tho present pres-ent number. The report says the bill to stop tho frauds which have been practiced in the importation of wools -tind wooTMgodds."lt declares that during tho past fiscal year undervalued under-valued invoices showed an importation importa-tion of woolen manufacturers valued at fifty-two million six ' hundred eighty one thousand dollars, whereas the , real market value was nearly ninety millions, equivalent to an importation im-portation of. one hundred aud sixty million pounds of wool. The present bill,' s it is ; argued, by ' increasing in-creasing the duty ""on iiue wools Will transfer to this country from fifteen to twenty million dollars ih woolen manufacture. The average rate of the woolen goods schedule sche-dule proposed is 01.78 grains the present pres-ent rate of 67.15. . T,K TAKU'F KILL. 1 ot the Majority and Minority t'ommittees. :iikgtox, April 10lleports of minority of the wavs aud 'ominittee on the tariff bill were 'lto the ,US(. this afternoon, "ajority report begins with a tu' lhe liuancial situation, and " surplus at the end of 'nt fiscal year to bo ninety -two Wars, uud deducting the sum (1 0 uke payments of tho sink-;1' sink-;1' we net surplus of receipts MKhtures will be $43,670,000. plated surplus of tho next fis-( fis-( 'U1)e3.570,t)00, which with , lntofeash now on hand and Jli re:lt-l,iug80, 000,000, will jus-ll(tiou jus-ll(tiou of revenue in tho sum hy the bill reported, 3V ",1'robably more from tho ''m sy ifl6,328,000 from in-: in-: en- or a total of $71.20-1,000. , ' , n flnher savs that the bill " Wl'l result in a decreased |
