The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1893-12-21

chat as 20 uii staple articles & Is not
/ now inueh moro ditfieuN % und thtI
! cost or value abroad tnRn at honic anu
! hu demonstrated that Official intelligence
/ and intcErity can not be sNe-v rolled upuit
! der the eNisiing sNstcm ct Indirect tux
| efiou, 70 VIII hccomc necessary 10 con.
/ hc devised 20 tatst monipR lnr the aut
/ mort ut tho gcNefnneuf ~ tyr as Gpr
4 Inducements 10 c6nfuV nuuds aud ueih.r
J examination ,.N subject the secretary
I RaNp, WIFI SHOW t,at they are rnuch
! rates. which rs one OF the most prom.
| incnt features Of our existing iosiFabuh
then They could possibly pe under a
! purely ad yeiorcm arrangement OF a'ues,
| Raw ana partially raw materials. tue
] aecrctaty says, constitute inc hhslF "
| an oar manufacturing and mecnanloal
| Industries and unless our industrial cs-
! Establishments can procure them upon sub
stantially the same terms as fae@ Sa COM.
| 10 b. seriously .mpedeo IN their ciioris
| TO supply the home mnrbet with thelt
| extend their trade 10 other countries, IN
I cept MS TO certain commodities az IN me
m9nuiaetnre OF when tneE mnye pS-
llchinery, Taxes upon materials useu IN
| our shope aud factories are especially %.
| Jectiunnblc on account of the tact tnNt
| ihoy multiply themselves many times re-
| fore the finished efuce reaches vac
hands of the consumer ana mus llposS
! Inc beneats Supposed 20 ne conferred
upon the producer by the so-callcd pro-
Upon this foundation the secretary ar,
| CUES strongly for free raw mnterlni ana
| lower duties on the necessities OF iiie,
| The secretary comes next to revenue as
affected hy tie Wilson bill. II ~ cstimat-
| ed that The revenues for the nscal year
existing laws. 70 Slal. l2G4IS and that the
| expenditures, Including the sinking iunu,
will amount TO SA4e, its7sp, The estilnat,
! and the total estimated receipts from All
/ sources VIII exceed the estimate OF eN-
| amounts TO he correct, II will be necessary
| IN any changes that may be innde IN our
| revenue laws to provide ior tnlsihs hn0u1t
| Sies,u01,OO0 from customs alone or partly
| from customs and partly from other AuD-
| iecta OF taSnuoni as congress may zee
| proper 10 include In our internal rcNenue
! system. IL the amount and value of I'M
| mole merchanfiise shall not during the
fiscal year 1898 exceed the amount and
value OF such importatloGs during the
fiscal year 1893 the receipts under the
measure now pending WIN be about Sl22,-
100000. but there are strong reasons Tor
the opinion that the proposed reduction
IN rates Of duty VIII encourage importp,
tons to very conalderhbln extent anu
that consequently the revenue VIII not be
diminished I'm the, same proportion as the
hns shown Tint under all our tariff legiH-
iatiou there has haen almost n constant
tendency toward annual increases IN the
even though the rates OF duty remained
the same. To what extent inportations
viii be increased solely on account of re-
ductlons in the tariff It IL, OF course, I'M
possible to forcsee, but II is reasonable
10 conclude that this cause, together with
the natural increase ~ our purchases
from other countries, VIII result in much
larger revenues IN customs IN 1888 than Is
Indicated by a mere comparison OF the
proposed reduced rates with those under
which the collections were made in 1888
| am Of the opinion that win the proper
economy IN public expenditures, which II
y hoped win result in a considerable re-
duction from the estimnte OF an increase
OF Sm000Mp q the revenue for the fiscal
year 1895, by the imposition OF additional
taxes under the internal revenue, viii
supply sufficient means for support Of
the government. and this sum can DO
raised without seriously disturbing the
business of the country or doing intuatice
TO any pa1rrt OF the people ,,.,,,u, 80.
additional revenue have been suggested.
aud after n careful examination Of the
SION that i can be most conveniently ard
justly realized by increasing the tax on
distilled Spirits 10 cents gallon AND by
additional tnNes on cigars and cigarottes,
and the imposition of new taxes on play
ms cards oosmetics and perlumery, leg
acioH and SUGGESTIONS and Incomes de.
rived from Investments, ana bonds Of
The Increased tax ON distilled spirits ci-
CARS and cigarettes should he imposed
upon MI such articles IN existence and
upon which revenue has not been collected
Mt the time the act takes effect. but a
reasonable time should be allowed IN
cases of new taxes in order that the nee
nlbIted and the necessary rules and reg
rloiionH made and promulgated.
Considerable space Is next devoted TO
showing the propriety. under the clrcuun-
stances. OF these taxes II n eearcriy
necessary. the secretary shyH. TO suggest |
10 conRress that the present and prospect
general good Of the country demand the |
etrictcsi economy IN public expenditures. |
ton of the laws. Reduction OF taxation |
e en-. not be lqp greatly Insisted upon or
made practically beneficial without cor
festondlng reduction IN expenditures, but |
such reduction can not be permanently |
erected hy. merely withholding appropra- |
ions REQUIRED for the proper execution |
Of existing laws, which impone duties upon |
INC heads OF executive depnrtments and |
other public officials. Deficiencies are |
sun m larger expenditures than would |
ihagge b peen made u adieagnte appropriations
Genuine eoonomy and frugplity can be se-
crted only by tho repeal OF the statutes
penditures and the refusal TO enact now
ihMs creating ohnrgeg against the treas
nirly, +, for purposes q doubtful utility, ana
vigorously opposed by powerful Interests
more Or less dependent upon the patron
by local influences seeking Legislative "a
YoTs u Is evident TINT II must be adopted
ana adhered 10 II any substantial result
IS 20 be accomplished. On the basis Of *,
istng laws tho secretary snys mo revenue
OF the government for the present fiscal
year Is estimated at sl30I2 sos 49, ana the
1pal expenditure Mt S5s.l $685. or a do
hclt Of 22s O0),000
On the basis Of existing laws the rev.
enues for hscal year 1885 win BE Si5L42L-
US. "a, Estimntes OF appropriations mere
loiore submitted aggregate siS.ai6, POS 49,
OF an estimated surplus Of 6.12O95s,55.
Discussing foreign commerce. The score
tsry says The prominent facts disclosed
ny statstica are that the value OF
imports OF merchandise have attained the
highest point IN tho commercial history Of
the country hln exports Of gold nave
reached "a higher figure than ever before
" single year SINCE the foundation OF
the government The outward iEjyement
OF gold occurring IN a time OF peace ana
apparently ~ defiance or c0mmercinl
laws Will make the year 1898 memorable
IN financial and commercial eNperence
imports az well AZ exports Of silver coin
ana bullion we're fewer Ia amount than
ina ny one year Of the cOuntry's
history, MOI exceeding even tie panic
year OF 1919. The year 1898 also noticed
ttona.
The American merchant marine In the
o. -