The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1890-07-26
VANCE AND THE TARIFF,
\ REDUCTION OF TAXES ONE
THING---A REDUCTION Of
REVENUE ANOTHER.
The Able Senator Discusses the Tar.
iH Dill--.-Trade Ought to BE Ex.
tended to the European Continent.
[By United Press.

WASHINGTON, July, 25.--In the Senate
to-day on motion Of Mr.. Hoar, the fed
eral election bill was referred to the
committee on privileges and elections.
Mr.. Morrill, moved to proceed to the
consideration OF the tariff bill and Mr..
Gray antagonized the motion with one
to resume consideration of the House
bill, to transfer The revenue marine SER
vice to the navy department.
The latter motion was agreed to-yeas
80; nays %, and the revenue marine bill
was taken up.
On motion OF Mr.. Frye, amendments
were adopted extending the application
Of the bill the life saving service.
Mr.. Cockrell opposed the bill. He had
not concluded his remarks when the
hour of one o'clock arrived, and the
tariff bill came up as the unfinished
business"
At the request Of Mr.. Aldrich, it was
agreed that the formal reading of the
bill be dispensed with, and that the bill
be read by paragraphs.
MIR. Vance then proceeded to address
the Senate.
To the common sense view, Mr.. Vance
said, 1t would seem that the removal of
unnecessary taxes was a matter Of wis
| dom, and that to continue to collect was
| not to be thought Of for moment; but
| those who would think so would 'reckon
| with their host" That had been proven
| by the history of the tariff commission
| Of 1882, which had utterly ignored the
| wants of the people and the government,
| and thought only of the wants and
| wishes of the manufacturers.
The result of the pending bill might
| be to reduce revenue to Q certain extent,
| but lot to reduce taxes. A reduction of
taxes was one thing and reduction of
revenue another and quite different
thing. The taking off of two cents a
| pound on sugar with one hand and the
payment of two cents pound to sugar
producer on the other hand was, indeed,
reduction of revenue with both hands,
but the taxes remained and the people
paid them all the same.
Speaking of the expenditure and rev
enue for the current fiscal year, Mr..
Vance thought it safe to say that the eX
penditure would be very close to 1923,
OO0,0 Of which at least 20 per cent
would be in excess Of revenue. Thus no
only would the surplus disappear, bu
the sinking fund would probably suffe
also unless the river and harbor appro
priation bill should be sacrificed, whicl
| seemed to him quite likely.
The tariff bill, he said, had beer
l fra 4 x,it bo II
of the manufacturers. Mr.. Vance wen
on to arraign the Republican party 70
the evils which he said protection hat
brought on the county. Quoting from
Mr.. Blaine's first letter to Mr. Frye, b
) said that if it was important to eXten,
trade to Central and South America,
could not be unimportant to extend
} to the European continent.
At the conclusion ofMr. Vance's speech
) Mr. Plumb said he would like for the f
nance committee to say what the effeo
of the bill on the revenue would be. II
would not enter upon a discussion {
: the bill until he knew that.
Mr.. Mcpherson said that the neWspf
pers were full Of the statement that th
7 Republican Senators did not intend t
e defend the bill. If it conld not be d.
t Tended it could not be passed. He movet
: therefore, in order to expedite bl
siness, that the bill be recomi
e ted to the committee on fnano
Q with instructions to report, {
: the earliest practicable moment,a bill t
reduce the revenue and to equalize dl
ties on imports on the basis that tt
S | average rate of duty should not excee
s the average ad valorem war tariff raj
Y of 1864.
q Mr.. Mcpherson then went into
general review Of the tariff question an
If an analysis of the pending bill.
Mr.. Plumb made strong speech
which he expressed the belief that Il
= bill would reduce revenue below t.
; necessary expenditures of the COVER
+ ment, and that deficit of fifty millio
% was possible next year.
Mr.. Aldrich said he did not belle
there would be any deficit. The b
i would make a reduction Of about TWEEN
&c millions.
= After further debate, without acti
70 on Mr.. McPherson's amendment, t
- : Senate adjourned.
- The ssSea Winp,, Disaster