Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-04-18
THE GAzETTE III WORTH TEXAS TUESDAY APRIL Il. 1888.
FOR A REVENUE TARIFF.
PROF. WELLS URGES tns VIEWS
UPON THE ADMINISTRATION.
Invited TO visit the President, who wants
His Advice on Economic subjscts-A
TarIG nm TO Be Prepared.


Washington. April 17.-Professor David A.
Wells, the eminent political economist Is
spending some time here by special invita-
tiOn ~ the President and Secretary Carlisle,
and u giving them his Views on both the
tariff and the silver questions High pro-
tectve tariffs are not In his line and he
= urging the President Secretary Carlisle.
Mr.. Springer Mr. Wilson, Of West Wiz
glnia, aud the members " the senate finance
committee to frame a revenue measure.
such measure Ia the opinion Of all these
gentlemen, VIII not Yield ali the revenue
needed 10 run the government even with
Increased impOrtauOus. The dutiabe Inn
ports OF the last fiscal year were S36D 4O2.-
800, and the collection Of Sl17 $50 U34 IN
customs duties implied an average ad val0.
rem rate OF nearly 80 per cent and on many
articles much higher rate. The new
tnrin Is not likely 30 yield n higher average
rate on the present dutiable list than 30
per cent and this would supply revenue OF
only NllO,OOOOOO, or nearly SOS. 900 900 less
than the receipts for last year. Secretary
Fosters estimate ~ customs receipts for
the next fiscal year ON the basis OF the
present tarin was 500. ZOO. 900 and even on
this showing he admitted that ne was likely
10 encounter deficit These figures are
accepted az indicating that IN considering
the revenue problem "a certain amount OF
protection must incidentally be left In force
unless customs duties nrp to hu abandoned
altogether ns source OF revenue.
PREPARING A TARIFF BILL.
The policy of preparing tarin blll IN
the treasury department has been mOdi-
ned 20 the extent that the leading mem.
beers or the senate and house VIII be asked
90 take the initiative. Secretary Carlisle
desires 10 escape the criticism that he IS
FOSTERING n ready made bill upon the PEG.
PICS representatives in congress. The
practical result will not be essentially dir
fcrcnt hnweycr from the preparation ~
treasury bin The President and the
Secretary Of the Treasury viii be consulted
regarding every schedule and an effort mnde
20 reach complete agreement among the
ienhers OF the Democratic party before the
hiH Us presented tu the house. Leading
members ~ congress, Ike Mr.. Springer,
Mr McNillln, Mr.. Wilson and senator Me-
lhersOn appreciate the wish OF the President
nnd the party TO not promptly and 10 make
the people acquainted az the earliest pos
stble date with the new tnrif policy They
propose 20 work through the summer 40
ns TO De ready with o perfected bin ns
soon as congress meets II will take week
or two Tor Speaker Crisp 10 complete his
committee lists but when that M done the
ways nnu means committee viii not delay
long 20 take mp The bill which its leading
mcWn"rS nave prepared ana report q TO
the House. ~ they can carry out their pro-
gram the bin ~ likely 10 pass the House
anu W. TO The Senate before Christmas.
The fact that some new source OF revenue
must Doe found besides the dutluble list VI
the prcscn. tariff IS clearly appreciated hy
the administration and the Democratic lead
LOOKING FOR NEW SOURCES OF REEVE.
NUE..
where the now revenue shall be sought
some FAVOR small revenue tnrlm on such
articles M sugar, cofcc aud india rubber
bihrrs prefer u succession tax on lnrge
estates ana others n uniform income tax
Those who favor the latter are seeking for
Information regarding the Income tax ia
Great Britain, which they ARE Informed IN
reasonably wen enforced without any more
friction on Irritation In lts collection than
any other tax, An Increase In the inter-
nal revenue taxes IA also suggested. but
PROFESSOR Wells, who was commissioner Of
internal revenue under President Lincoln
and organized the present system, has given
" AZ bis opinion that 90 cents per gallon is
me highest rate which whisky VIII bear
MouhsllnMg and fraud would. I'm his opln-
Ion greatly Increase under u higher rate
or internal revenue tax and the apparent
prouHcuQn would fall on. Tho issue OF
pension loan has also been suggested lint
there is strong opposition to borrowing
money ~ time ~ peace ana no such meas.
ure would he likely Ia hnd favor wifi n
majority Of the Democratic caucus In either
house.