OCR Text |
Show Defenders of the democratic tnrlff law cannot get uwny from the facts regarding imports of foreign gootls and decreased revenues therefrom. there-from. The official records nmply prove the inadequacy in-adequacy of the Underwood Inw, even as a rev-enuu rev-enuu measure. The latest figures made public by the trensury department are for the first eight months of the year 191C. As compared with the corresponding eight months in 1913, with a republican tariff law In force, tho imports increased from $l,ir6,000,000 to $1,667,000,000, or 44 per cent, while the customs revenues decreased de-creased from $211,000,000 to $148,000,000, or a loss of 43 per cent. The average rate of duty under un-der the republican law was 18.25 per cent, which was reduced to 8.86 per cent during the democratic demo-cratic period. From the standpoint of both revenue rev-enue and protection the democratic tariff is a failure. |