Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-07-21

RICHMOND, VA.
Monday Morning, JulY 20, 1916.
WILL THE NEW TARIFF PRODUCE
SUFFICIENT REVENUE?

SUFFICIENT REV ENUE :!
The Wing orators in The Senate, and their
CONNIE utators OF the Wing press, object mos,
slrcnuousy 10 The new bill, that ii will fall far
short OF the estimated revenue. They draw
gloomy pictures of the deprecated credit Of the
Government, and its ultimate bankruptcy, as The
natural effects Of profane interference with the
pure and spoess Tariff OF 1912. "Run" OF every
species Of industry is painted in the darkcs; CO.
ors, should Congress modify measure which
passed by single vote, which is friends a; The
time announced 10 be full Of errors aud injustice,
and which some of its advocates seriously pro-
posed 10 limit 10 TWO years duration.
Upon this point OF Insufficient revenue The
Wings hoped TO corner Secretary Walker, and
already boast OF their victory over his laundering
calculations On Thursday, however he sent in
a report in reply to a call of the Senate, which
will satisfy any reasonable man Of the correctness
of his views. In that report, he shows that The
new bill will produce nearly Two millions and
half Of revenue more Than he act Of lsi3. rs
the Wings have laid great stress upon these ar.
gumenls Of deficient Teycnac, il is proper 10 sci
l0Tlh Inc elements upon winch VIZ ''SS'e'o'; "
The Treasury bases his calculation
The total imports consumed an,! on Land, ex-
elusive Of specie for The fiscal year closing Jane
30!h, 1915, amounted TO The value Of Sl0h,OS0-
40; of which the amount Of free goods was 81
SOL OF, which, being deducted, leaves OF dula-
bic imports SlO4579, 363 The gross revenue on
the above amount OF dniab'e imports would be,
a, The rates proposed by The bill Of the House
Committee, s26,0l2, ld2. Dednciing the es'ima-
ted expenses Of collection, sl,5l5,G05, it would
leave nett revenue Of S2i,i96, 537, without CAL
cula,ing any augmentation OF imports whatever.
To this sum is to be added an increase Of re-
venue, S2,1SS COS, 10 lie derived from the follow
ing causes, viz:
Increase OF population from 30ih June, 1915, 10
3Oh November. lS47, according 10 the rate OF
increase by The census from 1890 10 1870, 8 l.6
per cent. Sl,995 ESQ
Increase OF population derived IRON The
annexation OF Texas, estimated
a, 10000, 1895
Which would make melt revenue, adj
ding ONLY an increase as above from
augmented population, and not any
increase of imporatons for COLI
sumption from reduced rates, 2b6oo:l 4S
To This must be added an increase OF revenue
arising from an increased importation of 3d.
s5l 500, as The result exclusively OF reduced du-
ties Si,O3s,2 $50, and We would hare The nett reve-
nue. under the Committees bill s3o, 723 ,i92.
But The House bill made lea and coffee free,
and introduced other notifications, which redu-
ced The nett revenue under the bill 10 26,SSS, 2e9
dollars. Deducting from this The amount OF esq.,
55s dollars, as possible over-esimate, it would
reduce the nett revenue under The bill now before
the Senate 10 a minimum OF 27,s35, 73l dollars.
By this calculation the dutiabe imports for con-
sumption would be l4,4Sl SIC dollars, and leave
"a 36-ll4 as The average rate per cent OF duly
under the bill now before the Senate.
This result is arrived al after many months OF
Ia borious research and enquiry, guided by the
tables of imports of each article at The respec-
tive rates of duty under every Tariff from The
organization OF the Government TO The present
ueriod. The Secretary OF The Treasury, more
over in hi, anxious desire TO arrive al The truth