Huntsville gazette., 1894-10-27
A FINANCIAL FAILURE.
Tie Democratic Sugar Trust Tariff Cutting
OF Revenue Receipts.

1t fails to produce revenue enough to
meet the expenses of the government.
! Its first month the worst September in
the past ten years. Receipts under it
little more than half those under the
Mckinley law. viii new bond issue
be necessary?
The first month Of the workings Of
the sugar trust tariff law are bitter
disappointment to the democrats.
They have been complaining that the
Mckinley law did not furnish money
enough to meet the legitimate ex-
penses of the government, but to their
astonishment they find their own
tariff law falling short Of the McKin-
ley law, or any other tariff we have
had for years, in the matter Of re
ceipts. Not only so, but they find the
receipts under their new law during
its first month nearly eight million
dollars less than the expenditures dur
ing that same month. This would
seem to indicate that the new law
| will produce about one hundred mil
lion dollars less per annum than the
expenditures. 1t was expected that
the customs receipts under the new
law would be enormous during the first
month. Hundreds Of millions of dollars
worth of goods were piled up in the
bonded warehouses of the country
waiting to come in under the reduced
rate offered by the new law. So it
was naturally to be expected that the
receipts Of the first month under the
1a1 ha
would convince the people at once
that all the claims for a reduced tariff
were fully justified.
Now let us see what it really did do
The law went into effect August %,
SO that the first month of it's workings
may fairly be put down as the cal
endar month of September. An Off
cial document issued by the treasury
department, under the auspices of the
democratic secretary Of the treasury,
entitled The comparative statement
of the receipts and expenditures Of the
United States" shows the following
figures for the month of September:
Receipts, S22, ,621, ,22S. SS; expenditures,
$50, 323, ,01S,6l.
Thus it will be perceived that the
receipts were S7,7O1, ,79O27 less shan
the expenditures during the month Of
September, the first month under the
new tariff law. And this. too, in the
very month in which the receipts were
expected to run very large because OF
the enormous importation of foreign
goods piled up in the warehouses wait
ing to come in under the new law. If
the new law in this first month. in
which it was expected to be exception
ally productive of revenue, actually
produces deficit of 81, 701, 100, it does
not take much of an arithmetical ex-
pert to figure out the prospective de-
ticiency in twelve months at nearly a
hundred million dollars.
Now to compare the workings of this
sugar trust tariff with the much
maligned Mckinley law. The first
months receipts from customs alone
under the new law were SIS, 564, 800
The customs receipts under the first
month Of the Mckinley law were S24,
934, ia. showing the customs receipts
under the first month Of the Mckinley
law in the first month of its operation
greater than the customs receipts un-
der the sugar trust tariff law. But
that is not all The total receipts of
the first month under the sugar trust
tariff were S22, ,621, 228, while the total
receipts Of the first month under the
Mckinley tariff were $50, ,222, ia, or IS
per cent greater. The average
monthly receipts of the AZ months that
the Mckinley tariff was in effect, were
s29, sol, ,O16, or nearly 80 per cent.
greater than that of the first month of
the sugar trust tariff law.
But the suggestion is made that it is
not fair to compare the September re-
ceipts of this year"with all the year
round receipts Of other years, because
September is light month in receipts.
50, let us compare the receipts Of Sep
tember under the sugar trust tariff
with the September receipts under the
Mckinley tariff. While we are about it
suppose we take in the preceding tariff.
and cover say the Septembers from
1884 to 1894 This will give us glimpse
of the Arthur administration, ali of
| Mr.. Cleveland's first four years, all of
Harrison's term, and part of Cleve-
lands second term, and will also give
seven Septem bers under the tariff Of
1883, three Septembers under the Nc
Kinley law. and the first September
under the sugar trust tariff. 1t may
be worth while, too, to give the ex-
penditures in each month. 1t will be
observed that the total receipts under
the sugar trust tariff in September,
1894. are less than IN ony September IN ten
yeors. and that the expenditures are
ppeater than In ang September IN ten years.a
Elpendi-
Receipts turet
J Senternber 1894 ..... $40 22g. .1le sl7173912
! September 1885. ......... 3.g7l02o l6,so5Ooi
Sentember 1895 , 81. $50 70l 20583.1gi
I September 1s81.........- 3d. $50 s05 l102t O55
/ cenfernber 1929 - 81. .6qs ia 14s-4.5s0
.ae1l II