The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-11-21
How to Repeal the Mckinley Law and Raise
Sufficient Revenue Without an Income or
q Bank. Check Tax Is the Problem.
Certain Leaders Will Advocate q Reduc-
tion of the Pension Charges 0ne-Half.
The Plan that Will Offend Fswest Voters to
bs Adopted-Secrstary Rusk Tells What
Has Been Accomplished for Farmers
BUT ONE WAY TO DO II.


II she Democrats Repeal the Mckinley Law
Pension Charges Will BE Cut Down.
Special to the Indianapolis Journal
WASHINGTON, Nov. Coin view of the
repeated announcement made by the Dem.
oorats during the campaign and since. that
o do6cit In the Treasury 10 inevitable. and
in view of the confessions of Treasury
officials that this deficit will occur about
the end of the frst fiscal year of the DEM
ocratio administration, the principal prob
lem that is now vexlng the fnanciers of
the Democratic party 10 how to raise suffi-
cient revenue for the governments without
violating and disregarding the solemn
pledges Of the party platform to repeal the
Mckinley law. When the Mckinley bill
was before Congress-, the Democrats held
that it would immessursbly increase the
revenues but after eighteen months of
trial 1t is found to turn into the coffers Of
the government decreased revenues. Free
suRar and light duties upon certain arti-
cles which fostered protection has caused
to be manufactured in this country, have
cut down tho imports OF auty-paying goods
to tho minimum. To begin with. the DEM
ocrats are pledged to place wool on the free
list, and to materially reduce the duty upon
certain woolen goods, which must reduce
the revenue at least s4o.00o.000 year.
Other reductions are OK pectcd to reduce
the revenues by $50, ,ooo. 900 or $50. .o00. 900 .
year. The Democratic party will repeal
the sugar bounty, however. and this Will
save from Sl4.0U0. 900 20 S16. .0e0. 600 snnualiy.
This will reduce the total loss Of revenue
to between $s0. .000, 900 and $40 0c0 600 year.
~ a ia H. Ia vva - - a..
mated at from s4o.oOO,000 10 s6o. 600, 900.
should nothing be done In the way Of leg
islstion, raising or reducing the revenues.
it will be soen that If the Democrats make
good their promises in repeating the Me.
Kinley law, they must at the same time
make provision for raising at least $780,
00O.60o more revenue annually.
1t is conceded by Democrats that there
are only two methods of meeting this con-
tingency. One Is by adopting direct In
has ON income, from whatever source. to
pay certain tax to the government. The
MINIMUM income which shall pay tax is
figured at anywhere between $1,000 and 3d.
600 annually: The other plan is to adopt
England's direot-tax law, which oompell
all persons paying bill or giving q
check or draft, or order for SO
and upward to use an internal-revs-
nue STAMP representing per cent.
OF the sum involved. Both of these methods
. storm of public condemnation when pro-
posed by the pre- dominating party In Con-
gress. 1t has been suggested that the tax
Of 80 cents per gallon on whisky can be
raised to ST. or LES, but since the distillers
control the politics of certain States they
will rise in body and force tho repre-
sentstion in Congress to make rebellious
opposition.
1t is being intimated by controlling Dem.
ocretic spirits here that some importa ut
lar alofr n of q
threatened shortage in the revenues. The
Dem ocrats frankly confess that they have
not over l2 per cent of the soldier VOTE in
is their belief that they can, by making
heavy reductions In the pension payments
gain more voters than they would loee by
reducing the pension list, as 1t is held by
them that there is strong opposition in the
Republican party to the present heavy
pension payments. 1t has been estimated
that the pension payments for the fiscal
year ending June 10, 1884. will aggregate
the enormous amount of $1S5. 900 900. The
Democrats say they can c0dify the pension
laws-that is. repeal all of those on the
statutes and pass a single and sim pie one
so as to save at least 500 00O,0 year. and
not do any injustice to any pensioner. Tha,
would be accomplished by pay ing q pension
of sig month TO those who we're disabled
in action, or the widows of those he los,
their lives upon the field, or of those " he
were disabled in action end have sub
scguently died. After ALL there is o pre-.
ponderance Of opinion that the greatt' 'sev.
ing" will be from the pensi0h's list.