Las Vegas free press. (East Las Vegas, N.M.) 1891-1???, 1892-04-20

! fiscal year lSSS-S9 VIII be t0und 10
be s7,224,00O, and for the first
three quarters of the previous fiscal
year $3.50, 235, 900. These figures are
from $l5,OOO,OOO TO $lS,OOO,00O
greater than the revenue under the
Mckinley tariff for the months just
over.
Grouping these figures, says the
Philadelphia Press, it will be found
that the revenue under the Mckinley
act has been for nine months only
2O,oO0,OoO less than the average rev.
enue under the act of 1883 for the
first nine months of the last three
years in which imports and customs
duties were unaffected by the pertur-
baton due TO the approach of new
tariff. AT the utmost, therefore, the
reduction of revenue due to the Nc
Kinley revenue act passed by the last
congress will not be over $36,OOO,OOO,
as compared with the largest normal
return under ordinary conditions
from the act of 1888, and it will not
be over &27, 100000 less than the av.
erage receipts in the last three years
in which that act was under normal
operation.
These figures agree very closely
with the predictions made in the
house by Mr.. Mckinley and in the
senate by Senator Aldrich. Derided
at the time, the calculations of these
gentlemen prove to have been singu-
larly accurate. The government sur
rendered S54, 100000 Of revenue from
sugar by the Mckinley revenue act,
but the internal revenue receipts in
the past nine months were $ll3,99l,-
600 against 100000 in like
months of 1899 and 500, 284,OOO in
ISSS-'S9 and 800, 1902, QUO in lSS7-'SS.
The increase in the internal revenue
receipts in four years has, therefore,
made up nearly half of what has
been surrendered on sugar. The
customs revenue for the nine months
just over has been $l36,3I2,OOO. If
the probable revenue from sugar, or
hree-quarters of the total annual
revenue from this article, be deduct
ed from the customs revenue for the
first nine months of lSS9.9O (the last
year in which the act of 1888 was
working normally the customs rev.
enue exclusive of sugar will be found
to be Sl33, 100000. In the two pre-
vious years the customs receipts out
side the return from sugar averaged |
$I3I, 100000.
In short, where the act of 1888 re-
turned Oh the average, outside OF SUI
gar, $l32,0OO,OOO in nine months, the
act of 1890 (McKinley billy returns
Sl36,OOO,0OO. As imports have in.
creased, the Mckinley tariff, while
it collected the same amount of du
ii as the old law, has collected it
under lower rates. In the first eight
months of the current fiscal year, UNI
der the Mckinley tariff SllO,8O7,OOO
OF customs revenue was collected on
$24G, 100000 worth of duuable i'm
ports, an average rate of 43 per cent,
while the rate under the old law was
from 44.4 to 40. Or the other hand
revenue receipts have in
creased in from three to four years
SO that they now make up half the
loss on sugar. If imports continue
to increase and internal and revenue
receipts, to rise, the aggregate reve-
nue. of the government in two or
three years will be as large, with SUI
gar free,as they were under the act of
1883 with sugar paying a rate of SO
per cent, which added apprecably to
the cost of living in every family in
the country. Prices are at the same
time no higher Oh dutiable articles
than before, except in the case of TN
plate, and in many cases are lower
A better practical proof of the wis
ION of the Mckinley revenue act
could not be offered. 1t made sugar
'rce. 1t has not increased the prices
If manufactured articles, save as
ioted, and in the case of tin plate
he advance is far less than the duty Z
imposed. 1t reduced interval reve- ,
lue imposts, yet has increased the