St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-06-27

normal expenditures; the miscellaneous
permanent receipts are now about equal
to the interest on the public dept. ineSe
two sources of revenue combined Will
this year cover all the regular ordinary
expenditures and the interest Oh the
public debt, with an excess which VIII
be nearly. il not quite, equal to the con-.
tract obligations for the construction OF
naval vessels, public improvements anu
for making large guns which we're en-
tered into by the previous congress. Out
which mature in this and the next fiscal
years.
The Bounty on Sugar
may cause a small deficiency for the
present year only. If a reformed tariff
measure should he framed with view
to yielding in its first year Sl50,000,000
from imports other than liquors and
tobacco, it would probably yield SUI
ficient excess 10 cover the small re-
mainder Of first payments in cash, Dut
it would be safer to make temporary
provision for this. Thereafter the IN
creasjng excess of revenue would yleld
SO large surplus over the diminishing
pension roll as to enable the treasury 10
pay or purchase all the outstanding
bonds bearing interest, and to meet any
silver bullion within the next ten years.
The objective poiEt of practically free
trade is therefore within view OF
ten to twenty years in which
interval our bonded debt will have
been paid if the tax on beer were in
creased from 9 to a of a cent per half
pint glass, yielding s30,000,000 to $751;
10000. That substitution would make
it feasible to put about One-half OF. all
the articles named in the present tariff
onto the free list, but such a radical
change is not contemplated in this
analysis. The present purpose is TO
make beginning upon so sound and
sure basis as to secure the active sup
port or tacit assent of reasonable men
of both political parties to the end that
the greatest benefit may be secured to
the greatest number, with the least in
jury to those who have been placed in
their present condition against their
own will. Upon an analysis OF the
Imports and Revenue
of the fiscal year ending June 80. 1892.
it appears that in Glass A. articles of
food and live animals. the following
articles. towit: vegetables. breadstuffs.
fish, animals, provisions, salt. hay, eggs
and few other petty articles. were
valued and subject to duties as follows:
Value of imports, 81, 1921, 342.91; reve-
nue.. S5.OOS. 945.21. As these imports
were mainly from Canada. it would,
perhaps, be judicUus TO set them apart
to be dealt with under treaty OF
reciprocity, and not to complleate
the reform of the tariff by treating
them at present. Under Class b,
crude materials. the following I'M
ports were made on which duties
imposed must be removed in any
true tariff reform: Wool, ores. scrap
iron, coal. flax, stone. wood. brlstles
and few other petty articles. Values.
SIS, $50. 1872. 80; revenue, Sl2.7S3. 2l7.25.
Under Glass G, materials partly manu-
featured, the following articles and
duties which must be dealt with in any
measure of tariff reform are found:
Chemicals, drugs and dyes (omittlng
opiums anu alkalis) with few exceptions
small in value, petty in revenue, COM
pick and costly in administration; also
lumber, paints and colOrs, oils and afew
other petty articles. Values, $30.579,-
SO0O3. Under Class d. manufactured
goods. there is as yet little OPP
portunity for any increase in the
free list, but there must be an
adjustment of rates with a view to
revenue. Some kinds of lumber, books,
photographs and considerable number
of petty articles on which the revenue
does not pay the cost Of collection may
be added to the free list. Values,
s, 242.. 441.02: revenue, s., 49,, 432.1S.
Under Glass E, articles Of voluntary
use or luxury may at present be put
into the free list only to the extentof
art works and petty articles that do not
pay cost of collection. Values, $l,6l0,.
1863 revenue, $456. 474.95.