Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-11-11
THE REVENUE DEFICIT
Will Probably Be Met by
an Income Tax.
DUTY ON TIN TO BE REDUCED
General Outline Of the Featu -es Of the
New Tariff Bill.

WASH NGrpE, y = II A mod rate tax
e enc Of tne f,..Y.I ! arts of the rrve-
nue. pr gr. IN tn De,oc t C majority
OF h Wy AMI means commi tee.
The D.uucia &c m. bars OF the sub
comm tee on iutrruai reve, u are der
stood To he u auiu ous ior tn tax IN pr =
errnce TO p tding duties hack on tea, coffee
OF sugar.
Tn,y will pr sent bill for al income
lax To the iul Den, crat c membership 4
the commute ana eX Xle to lie su -ta'ned,
with the d Sealing yot-s Of ony Mr..
Cock an of New YoIk aud Mr. st vens OF
Massa chu,etts.
The ID, mocratic members decided at the
outset thar they ", u Il accept The declara-
ii"n Of the Chicago platform regarding
their Iule Of action. Tuat platform de-
clar,d thar tie party "indOr-e the efforts
made by tie Democrats Of the pIe mt
congress 10 modify is most oppressive
features in the direction OF free raw mate
rials and cheaper manufactured goods
that ent'r Into general consumption.
There are reasons for saying, therefore,
that the Democratic members under this
provision will embody ia the hi ,ub>ttn-
tai y all the pony" tariff bi l. which
passed the house in the Fif,y second con-
grs's-proi nog FIR free wool and re-
duccd outies on woolen goo s, free silver
ore. reduced duties ON tinpl ite, free cotton
aud free tin.
Wool Practically Unchanged.
The wool schedule may be slightly modi-
fiei la ii e definitions OF goods, but it is
believed that the duties will remain sub.
stantially the same-the maximum being
40 per cent and the I'D vslorem IA as below
that figure Icing generally reduce 5 per
cent.
The provision eg,rding silver lead o. es
sub-tautitl.y y will be- that act by tn :
Fif y-secold cougrr ss-lewr ore sha | pay
l IL cent pr pound, but thai ules in
which the value Of the silver is & eal er
than that Of the lead shall be cor i .er, d
silver ores aud exrmpt from duty.
The duty on tinpate is lhe els to be re-
duced from 2.2 ceLts to ! cent per pound
for the present, with pr Iaps "A reduc ion
after 4, w years to h. free st.
The bills which pas ell the house in the
last congress regal ding cotton baggiug
and binding twine III tde both absolutely
free Of duty, but there has been some op.
position to those provi. ions on the ground
that they were not in harmony with other
parts II the tariff, and moderate duty
may be retained.
block tin viil probably be made free of
duty, r. was unanimously voted by the
ways and means cDmmiItee ia the last
congress at the demand Of the tinplate
manufacturers.
To Be Reduced Ten Per Cent.
China ware schedules will probably be
xal, a 4
OF 80 per cent and 55 per cent. The Nc.
Kinley bill rest ored the duty on coverings,
which are a rg element in the cost OF
china ware, an practc l'y ma le the in
crease in duty much greater than he ap-
par n ca ge in the al va orem rate.
The silk Interests may not suffer much
of "A cut, and he duties may be left at 80
per cent, ss undr existing laws.
The iron SC he4ul will, it is believ d.
give he committee 90 d deal of trouble
because of the nflict OF interest, betwe en-
the New EIglapd members, VIII dts re
tree iroI ores AID [ e. cal, and the u EN-.
bers frbm northern Alabama aud eastern
T,nnrssee, who desire the re cation of the
duty.
The threatened deficit in the revenue
will he met by an income tax, IL some of
the Democratic members of the house
who are urging the proposition are to .
believe The pressure has been strong to
impose a moderate tax on incomes above
$500 in preference To putting dut es back
on tea, coff or sugar. Tom johnson Of
Ohio has prnt ed very earnes ly sginst
restoring he sugar duty and has had the
support of ether western members IN pre-
ferrng n mo lerate income tax TO re-
newal of the customs duties on the neces-
saries Of life.
To Eauaiize Matters.
The exact rate of the income tax has not
been determined, but it will apply to all
incomes above the amount named, with
certain allowances f,r houss rent and for
losses through fire or other causes 1t Is
calculated that al immense revenue can
be derived from very small tax upon the
incomes earned hy professional and busi-
ness men throughout the country, and
this will equalize the disproportionate
burden impo'' upon the poor by some Of
the tariff duties
The adoptIol Of the income tax will
practica ~ settle the question of increases