Evening journal., 1893-12-02
.FUMING OVER FRANCES.
Wilson's Committee Troubled to
Make Both Ends Meet.
EEw BILL WILL LoP OFF seo,oOo,ooo

Stimulatcd Importation Expected 60 Sup
ply Half This Amount, and From In
creased Taxes Must Come the Rest--Pre-
pairing For the Coming Session.
WASHINGTON, Dec. 2.-The meeting Of
The ways and means committee was brief
The estimates to be submitted showing the
probable difference in revenue that would
result from the new bill were not yet COM
plete, and the committee adjourned until
Monday 20 give Clerk Talbot @and his as
sistants further time. The labor Of est-
mating the revenue that would be derived
under the new tariff bill is very great, but
it has progressed far enough to warrant
the statement that on the basis of the inn
ports of 1892 the loss OF revenue resulting
from the enactment Of the new bill and
The repeal of the Mckinley law would be
about eco ,O0O, 200 per annum.
OF course this estimate is ON the supposi-
lion that the imports under the new bill
would be no greater than under the present
lava supposition which the Democrats
by no means concede. II is the contention
Of Chairman Wilson and his Democratic
associates that importations will be 20
stimulated under the new bill that the loss
Of revenue despite the radical reduction Of
| duties, will not be over 35O0O00O.
This deficit IL Is now proposed TO make
up by a tax on the income of corporations,
a tax on successions and playing cards and
i by increasing the tax on cigarettes and per
haps whisky.
nIr. Tarsney's viows.
Mr.. Tarsney Of the ways and means COM
mittee still clings to the belief that the de-
hcit cannot be supplied without extending
the income tax TO individuals 81 don't
think it can be done, said he, "without
making the tax on the net earnings Of cor
porations excessive. Such a tax of per
cent would secure to the government not
more than S25, 100000. whereas the def
cheney would be nearly ei0,OOOOO0 l can't
see how tobacco can stand any greater tax
II the rate on whisky is advanced 10 cents
per gallon, from that source there viii be
about S9,000,0O0 more, which is still short
Of the amount required.
zone source of increased revenue that
has TO be developed is the stimulation Of
lmportations that will result from the
lifting of our prohibitive tariff. Doubtless
this will greatly increase our revenues, but
| hardly think we could get along without
help from the personal income tax.
"If incomes of over So, 900 were taxed at
the rate of per cent, il would put into the
treasury over S7,OO0,0OO, and that would
give us sufficient revenue. The coinage Of
] the sci gniorage, as have heard suggested,
] would not help the matter, 30 we are pro-
I viding for permanent support of the gov
arnment"
d The Democratic members of the commit
i tee on ways and means will meet this aft
] ! ernoon to further consider the income tax
b / and internal revenue schedule. There are
b still many rumors ahoat regarding the in.
tentiOns Of the committee in relation to
the whisky tax, but the expressions OF
e members Of the committee give no reason
! for believing that the increase will exceed
E | 10 cents per gallon, and some members
think it doubtful whether there will be
any increase at all on it. The suhcommit-
e tee is debating the advisability OF making
an increase in the whisky tax applicable to
D al whisky in bond at the time the new
tariff law goes into effect.
Senator Dolph of Oregon announces that
when the new revenue bill comes up foI
! consideration he will present an historical
S address for the purpose of proving that the
I | United States never had any prosperity ex
e rept when there was protective tariff and
. that from colonial days free trade has
I meant debased labor.
Holman's Three Modes.
U Representative Holman said. "There ar,
: practically three modes by which the de
hoit could be made up-by issuing bond,
and thus increasing the public debt, by an
income tax, which would realize from $50,
! 100000 to So 600 0OO or by reduction o
! expenditures. In regard to the bond ISSUE
u / do not believe any political party woult
: survive a material enlargement Of the pub
lie debt in time of peace. hope that viii
not be attempted at this time, for / an
confident that the great masses Of our peo
pie believe that the embarrassment Of ou
treasury is attributed not to insuncien
revenues. but an indefensible and lavisl
expenditure of public money.
i IF the expenditures Of our government
= are kept up to their present rate, / thinl
n the increased revenue required should b
: provided for by an income tax. 1t is jus
!, and equitable method of raising revenue
If the present Democratic congress, whic
Is now wholly responsible for the expend
tures of the government, would 20 earnest
= y TO work. it would find no difficulty In rt
= lucing the expenditures of the governmen
4 so that the present rate of internal revenu
- and proposed reduction Of tariff taxatio
would furnish ample means to support th
u government and meet the requirements q
the sinking fund. We cannot with homo
abandon the sinking iund. IL was not IT
tended as a guarantee to the holders
h. public securities. buta solemn engagemer
,s Of congress to the people that the publ
n debt should not be permanent, but sh0ul
~ be eXtnguished on the reasonable bas
,r provided by the act Of 1862, under whic
the debt would be paid of within a reasol
able period of time. Exemption from del
is one of the guarantees Of frugal govern
In ment, and frugal government is the onl
te guarantee we have of the perpetuation
n our free institutions"
N Secretary Smiths Annual Report.
WASHINGTON, Dec. 2.-Secretary of q
Interior Hoke Smith, in his annual repor
reviews with thoroughness the work of q
W the branches Of the department during Il
Of past year. He discusses the provisions
u law for the protection and preservation
to public timber, and comments on the utt
xt nadequacy of legislation thus far enactl
to provide for the legitimate procureme
Of public timber to supply the actual nece
stiles of the people dependent upon il
AL l1.... ~.