Show FOREIGN competition to frame a law the effect of which would be to yield sufficient revenue and at the same time furnish protection for the la destries dus tries long languishing from the torrents of foreign competition would require statesmanship indeed A bill so made as to raise revenue must necessarily haye the custom duties so low as to encourage importation a otherwise no revenue would result liaise the duties to such a feirt that the factories and the mines of the country would revive by prohibiting the importations of foreign manufactured products then the blunder of the wilson bill would be repeated and the treasury threatened agaid with bankruptcy and repudiation A revenue earitt and a protective are opposite to the extent of the duty adv tariff is in that sense protective yet unless it faeo nigh as to exclude foreign goods altogether it ia not protective Ji vanston news this ia a fair statement of the difficulties to be encountered in the revising cf the tariff schedules in view ol 01 the fac that the resent administration is both trying to K lve protection and provide revenue but the reference to torrents of foreign competition the idea to our mind that the editor of the news register is a victim of a republican training from the prejudices of which be cannot escape there has been no torrent of foreign completion com petion within the past two years but to the contrary the gorman bill has afforded more genuine protection if we ae to judge by imports than fany republican measure ever menaced en aced for the benefit of those deluded republicans who continue to write and talk about foreign competition being responsible for the present dull time and who build great expectations on the wonders t be ac by the dingley bill now n process of formation for maton we quote these figures of imports are in round number of manufactured and unman articles by the statistician ol 01 abe treasury Trea eury department and are for the luccal years ended june soth clocks chemicals cotton coffee fibers mcg and tr asses fraits hide household effects india rubber iron all kinds jewelry lead liquors matali not specified ores 18 salt bilk sugar aca tin tobacco wood wool the total importe were free dutiable total I 1 1892 1890 only two or three items in the whole list bhoj an excess 0 imports in 18 over 1892 while in 1800 the imports ot were in 1891 abe total was of iron of all kinds compared with last year the difference in imports of coton was principally in new egyptian fibre ot extra quality required in the manufacture of high grade goods the thinking man who will scan abe above figures will observe at a glance that abe expectations of prosperity through a reviewed tariff are founded on nothing more substantial than blind the greatest adverse discrepancies in lavor of the year 1892 compared with 1896 could be attributed to abe natural increase which would come from our greater population but how can a republican statesman reconcile the decrease in import in nearly every item of abe above classified list with the declaration cl that our present business stagnation is attributable to foreign competition in the form 0 imports |