New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-09-09
NO EXTRA SESSION.
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p,es;dent Harrison has decided, it is SAID
that an extra session of Congress is not neces-
cory The fear of financial disturbance as
result of excessive taxation, has peeh ooi'-
nletely dispeled. If the Treasury can pur-
chase So O. 900, 600 worth of bonds IN singie
week. there need be little fear OF monetary
stringency and the addition OF more 'iah
G, 0OO. 600 to the circulation in August WIN
further additions in September assured ie-
moves all cause of apprehension on thae score
On the other hand, the President may perhaps
have been influenced to some extent by the ldcO
that his supporters do not appear to De ehtireH
.oreed as to the best mode OF reducing INC
revenue A great many of them would Ike W
oct rid Of the sugar duty entirely but 10 o'her'
tba. would be a most unwelcome change
loroe nroportion would like to abolish the taxes
on liquor. but there are some who would resist
r,ost sarepuousy. A few would like to CUT
down the revenue by reducing duties Oh Id"
materials of manufacture, but mucn inc "a
number would favor maintenance OF oil pio-
tectiye duties as the only way to secure porn"'
nent cheapness of products 100
Tho Surplus revenue, as matters stahu' gus
hack into the pockets of the people throus" 'no
nurcbase of bonds But there is also ma
ter;aI increase in the expenditures under exist
inc laws. In July and August while receip'S
were only half million larger thah Ill INC
same months last year, the eXpenuiUureS "Nio
80 q O0O. 900 larger, nearly half the Increase
beinq in pensions nd S0,3OO,Ooo III oiu
nauy,, payments. 'fhe fact thai tneSe GA
nend;tures were authorized by Democratic
House does not prevent a deluge OF lnslhcere
and indecent abuse from Democratic ]ourh'is'
which profess to be ignorant that the payments
made are required by law. Inc rresiuenV
could net reduce them if he DESIRED eAcePV ~
unwarrantably postponing the settlehiohV VI
claims upon which the proper oincerS ma, .
nassed. Obviously considerable part VI ,no
increase in expenditure is due to the greater
energy and efficiency of the various depart
nontS which are catching up with arrears Oh
work and getting accounts closed up lhaO
should have been settled long ago.
With large disbursements, there Is also d
| decrease in the customs receipts. III AusuS'
this decrease was about - ,3OO,0 oo' anu III
.Julv about $500, 600. This seems the niore
s,rance because the value of imports has been
worry much larger in both these months thaH
IN tbe corresponding months OF last year.
Rut the probability is that the modlhcalOn Oh
dutieS under Treasury rulings this year has
excluded dutiable imports of some kinds while
the increase resulting from great commercial
activity has swelled other imports bearing a
less rate of duty or no duty. The imports Oh
worsteds and of wool falsely reported as OF
Glass 3, may easily have been diminished very
much. while other imports may have increased
A curtailment of revenue and revision OF the
tariff and revenue laws are unquestlonably
necessary. and will be the first duty OF the
next Congress when it has effected an organi-
cation. Probably Republicans will find it wise
70 confer. in caucus or otherwise in order to
decide upon changes which all can support
| The majority in the House will not be large.
and vet constituents will hold the party re-
sponsble If it fails to use wisely the power
entrusted to it for reduction Of revenue an|