The Great Round World And What Is Going On In It, Vol. 1, No. 22, April 8, 1897 - A Weekly Magazine for Boys and Girls by Various
page 3 of 47 (06%)
page 3 of 47 (06%)
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Enormous sums of money are necessary to meet these expenses, and they are
raised by taxes. A country has no right to spend more than it earns, any more than a man has, but there may come times in the history of a country when extra expenses are necessary, and then the Government taxes the people to meet them. This is what President McKinley proposes to do now. The new tax proposed is to be a revenue tariff on all articles of foreign manufacture that are brought into this country. The extra session of Congress is to consider, and, if possible, pass the Tariff Bill, which it is desired shall go into effect May 1st of this year. The bill is being introduced by Congressman Nelson Dingley of Maine, who is Chairman of the Ways and Means Committee in the House of Representatives. It is known as the Dingley Bill, and, it is said, will increase the income of the Government over one hundred millions. It is said by people who are against the bill, that, if it passes, the cost of living will become much greater. People who are in favor of it say that by preventing goods of foreign manufacture from being brought into the country, our own industries will greatly increase and our trade be much benefited. There is one section of the bill which will make it very unpopular to many of our citizens. This paragraph states that tourists and people visiting foreign countries |
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