Omaha daily bee., 1892-11-21
HOW TO AVOID A DEFICIT
Democratic FinanOiers Now Engaged in
Discussing the Subject
MAY IMPOSE A DIRECT INCOME TAX
some members OF tho Party Think an In
creased Revenue Could so Secured
from the Disiiuers of the
Country.
WAsuXeroS BunE,u or run BEE,
, 5l3 FoURrEENru SrRssr,
WASuINlrAN IN ~ ~. ~

WASHINGTON, ID. c., Nov. 20.
in view OF the repeated announcement
made by the democrats during the campaien
and since that a deficit in the treasury il IN.
evitsbo, and in view of the concessions of
treasury officials that this detcit will occur
about the end of the first fiscal yenr of tho
| democratic administration tho prlncipal
| problem that is now vexinr the Hnanciers of
tue democratic party is how to raise sum.
Gent revenues FOR the government without
violating and disregarding tho solemn
pledges of the party platform to repeal the
Mckinley tariff. When tho McEinlsv
OIL was before congress tho democrats
held that IL would immeasurably
Increase the revenues, but after eighteen
,noutns OF TRIAL 1t is found that 1t turns in
less than expected. Free sugar anu high
uutleS upon certain articles which protrc.
tion mas caused TO be manufactured in this
country, have cut down the imports of duty
paying goods to the minimum.
Something of tho Resources.
10 begin with. the democrats are pleuged
10 place wool on the free list aud to materl.
aiiy reduce the duty upon certain wooden
goous, which must reduce the revenues at
'east SfOuOO,o0O year. Other reductions
are expected to further reduce the revenues
by So0OO.0OO or tO,00O0Ol year. The
democratic party will repeal tho snga-
bounty, however, and this will save from
Sl+,oo0 600 to SIC, 100000 annually. This will
redued the total loss of reycnue
20 between S30,0OO,O00 and SiO, 900 900
year. The deficit under the present
laws is estimated at from $40 OOO, 900 to 500
uOouOO should nothing be done in tho vay of
legislation raising or reducing tho revenues
1t VIII oc seen that il the democrats make
good their promises in repeating the McIIin-
Icy law they must at the same time mako pro-
visions Tor raising at least 500 900 900 more
revenue annually. 1t is conceded by demo-
Gratis tnat there are arc only two methods OF
meeting this contingency. One is by a6ppt-
ing direct income tax, which will compel
everyone who has an income, from
Whatever source, TO pay Il certain
TAX To the government. The minimum in
come which shall pay a tax is figured at anv
where between $1,000 and 81 OOO annually
Inc other plan is TO adopt Engiand's direct
TAX law, which compels all persons paying u
OH or giving check or draft or order for
SlO and upward to use an internal revenue
stamp representing per cent of tho transac-
ton. Both of these methods are so uupopu-
lar that they will meet with storm OF
public indignation when proposed by the
preaominatiug party IN congress.
Increasing tho Whisky Tax
1t has been suggested that the tax of %
cents per gallon on whisky can be raised to
81 or 81 20, but since tho dlstillers coutrol
the politics of certain states they will rise in
body and force their resentation IN
congress to make rebellious opposition 1t
Is being intimated by controlling democratic
spirits mere that some important pensiou
legislation NAV be result OF the threat
ened shortage in the revenues The demo
Gratis frankly confess that they have not
over IL per cent OF the soldiers vote and IN
some localities not over 3 per cant and
it is their belief that they can. by
making heavy reductions in the pension pav-
ments, gain more voters than they would
lose, by reducing the pension list as il is
held by them that there Is strong opposjtlon
in the repu bicap party TO the present heavy
pension payments. II mas been estimated
that the pension payments for the fiscal year
ending June 80 1924 will aggregate the enor-
nous amount Of slS5, ,0O0. .00J. The democrats
say they can codify the pension laws, that is,
repeal all OF those on the statutes ana pass
single and simple One-so as To
save at least $lO0,00O0OJ year
and not do an injustice TO any pensioner that
would be- ACCOMPLISHED by paying pension
ofSl2 a month 10 those who were disabled in
action or the wiuows of those who lost their
lives upon tic field, or of those who were
disabled IN action and have subsequently
died. After all there is preponderance of
opinion that the great "saving'' will be from
the pensioners list.
Claims of the South.
1t is very evident now that there is no use
to figure on general results as regards tho
cabinet of President Cleveland IT has boen
learned that the south will orlng out a man
to take the place which has been on paper,
given to Mr. Harrlty OF Pennsylvania. That
man is Colonel J. s. Carr president Of Dur
ham Blackwell Tobacco company OF Durham
N. g. Colonel Carr brought General Steven
son through North Carolina and was presi-
dent of the Cleveland clu in that state. 1t
is said that he expended over S35 0)0 in his
entertainment of General Stevenson and it
is known that for several years Colonel Carr
has always given literally To the state and
nation al campaign committees.
North Carolina believes that she should
have Some recognition and the gentlemen
who furnished this information say that she
must have it. They also say that Colonel