The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-04-18

sums paid during the peat tnFee years TOT tne
rsfund Of direct taxes. for sugar bountlss. for
the extinction Of titles to Indian lands, for the
census. for first payments" upon pensions.
snd for new war vessels far exceeds the
amount Of the present deficiency.
OF these expenditures = very small per-
esntags can by any possibility continue. The
refundInR OF the direct taxes 10 ompleted. No
more sugar bounties will be paid. The cost Of
extinction Of titles has been met. The census
work Is practically ended. First payments"
upon pensions. It 10 true. seem likely to con-
tinue 80 long - life shall last, but az We APP
prosch the third generation Of pensioners We
may. at least. hope that "1rst payments /"
will become loss numerous The navy IL big
enough TO take care Of itself till we have more
money to spend for further additions, and the
estimate for 1895 IL nearly $4,000. 900 tless
than the amount paid last rear
Dropping these non-reourrsnt expenditures.
allowing for the natural reduction in pension
payments. and accepting the estimates Of the
Secretary Of the Treasury for the department
public works. aud all other purposes the total
smount OF money required for the year ending
June 80 1895, need not exceed $3.50 10000
The actual expenditures for the year ending
June Last amounted to 1888 100000. This
means saving. on the one hand. OF more than
s3000o.O0O.
The sole question. therefore. IL that OF re-
esipts. and here We enter the 1eld OF coniec-
ture. II 10 sssy to assume. and IL has been
assumed most persistently By advocates Of the
income tar, that reduction Of duties means .
corresponding reduction In revenues but this
IL no more than assum ption OF fact. which does
not aud cannot exist for the purpose OF arRu-
msnt IL IL not only unsound In theory. but
untrue In practice During the Ave years prior
20 the passage Of the Mckinley act there was
steady Increase In customs receipts. They
ANslN l.
s1p2 900 600 Ia 1887 to $217000. 600. In 1888
TO S2lo. 600 600. In 1889 to s223. 900. 900. aud
In 1900 to $500 100000
The Increase In i've years from 1885 to 1890
was s480O0000 A corresp ondinR Increase
during the present nve years would have
yielded a revenue from customs for the year
ending June 30. 1895. Of fully S2So.oooooo.
Had the tariff then in force remained I'M
tuTbsd by changes and fears OF chan ess. there
Il no reason 20 doubt that this ineresse would
s:n: s': law ca sqt a'kRss at
were impos:d and E:s.iDss
na%n.r snd smount of pus .s
By importers In 1890 lust prior to the enaSt-
:nt q The LAM e tx: q the
=: q ss%
despite the fact that the early part Of the last
nse.l yssr was time Of unusual bI s ,, &C
Slsst:a ~ y The *: :sssay .dassce from 1875 %
under Il. lower dudes imposed By the old
m mention thos. facts merely to show the
fallacy OF the areum ent that an income tax or
any other extraordinary method Of obtaining
years affords any Criterion The reverse !. true.
ous al . Contends that such REDUCTIONS % are
recommended By this bill would ultim stely re-
s.s raised 7: that sims Would be- a fesSfsd 20
adapt trade to the changed conditions while
M: 5. S 0 S
only say. what ev.ry susinass man , knows:
since II became certain that the duties were |
to ,: iu,t as In sG thsy were I'm
that the duties Esse to be raised: The The, mo- no
have been held back In anticipation Of more
favorable rates will pogr into 9Tr ports and
Of the sIt.nt Of such an Increase in revenue y |
We come now to the question Of internal |
sonisstars than Ia regard 70 customs recsipts
30 Il tho lack Of necessity Of income taxation
asd shSs. %er. sssr
than has been demonstrated hitherto the eI.
ss e. E nas He%
1870 to 1893 the revenue from whisky In
creased from % cents to 81 Al per capits. and |
fhs reysnua from beor from 81 70 a. cente Der
-. 10. mn. rsvanus Tram toh. $40 n N a.. rtSd
SSsplss. otense 49, scotooS IT, ssitel
poeausS o. hs cnenke - IN Eates put nsS Ianken
from ~ 70 d conts per caplte- Taklng all
together. the average per capita Dor year from
1870 to 1893 WAS SOL. But the average for
ths YEAR 1899 WA 40 rs the com putsd popula- |
Hon being "a. 1929 900. The internal taxes on
oanks. oleomnLkhtines 0o.. emounteu W ~
1uu omiscouAneoub peruAucut 70 |
ner capita for 1858. N~
DT,Snrtn = on tbs =. ma. n.rsant. o.. of jrcr...a |
q, n III beh w NJ srom 1S7,sso
1S93 assuming no increase In revenue from
~ nsn,s n:s xais,n "a 5ItionsIp mas ansnns Ia
frsuduIent d,stiiIation and The possibiiity Of