The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1894-08-24
TARIFF AID FINANCES.

Secretary Carlisle Writes an Important
Letter to the Senate Finance Committee
on the Subject of Revenue Receipts.
WASHINGTON, Aug. 1.-THE letter OF
Secretary Carlisle to Senator Harris in
regard to the finances and tariff legis-
lation, read in the senate yesterday,
was as follows:
Hon. Isham G. Harris, Acting Chairman
Finance Committee:
Treasury Department, once of Secretary,
Washington, Aug. 15.-Dear Sir: Your letter
advising me that the house OF representatives
had passed and sent to the senate bills putting
sugar, coal, iron ore and barbed wire on the
free list and requesting an official statement
from me as to the effect the passage OF these
bills or either of them would have upon the
revenues Of the government. is received. and in
response have the honor to say that accord
ing to the most careful estimates that can be
made in the proposed revenue legislation
which has recently passed through congress
the total receipts into the treasury during the
current fiscal year will be as follows:
Estimated revenue for fiscal year ending
June 30, 1895: From duties on imports, senate
BILL including s43 100000 sugar, $1,000 1000;
from internal taxes on whisky, se5,Oc0,oVO; to-
bacco, s33 100000; fermented liquors s33, 100000;
income tax, SIS 1000, 900; oleomargarine, sl,soo,-
600; playing cards, 81 100000: miscellaneous,
100000. Total internal taxes, s179, 100000 From
sale of public lands and other miscellaneous
sources, ss0,000,0 900. Total estimated revenues,
1878, 100000.
The estima ted receipts for the present year
from the proposed tax on incomes and playing
cards and the proposed additional tax OF 70
cents per gallon distilled spirits are, it will
be observed, much less than is stated In the
various tabulated statements which have hith-
erto been used in the discussion Of these sub
fa,ttT cati cd ha or given
are approximately correct. The proposed in
come tax will not be payable by the terms OF the
bill recently passed until ION or before" July l.
1895, which is the close OF the fiscal year, and it
is estimated by the commissioner OF internal
revenue that by reason Of the large stock on
hand the receipts from the tax on playing cards
will not amount to more than ii ,OOJ,OO during
this year. The estimated increase of receipts
on account of the additional tax on distilled
spirits during the present year has already
been prevented to a great extent by the with
drawal of large quantities OF goods from the
bonded warehouses and the payment OF tax
thereon at 90 cents per gallon and this process
IS still going on.
The total expenditures during the current
fiscal year will be as follows: Civil and mis-
cellaneous. including deficiency in postal reve-
nues, 9000), 900; war, including rivers and har-
bors, $4,000 900: navy, including new vessels
and armament. s33 900 600; Indian, Sl0,OO0,oOO;
pensions, IOIdl
expenditures S3f30)O,0Sa Estimated surplus
for year. sl5,O00.0O0. The duty on sugar pro-
posed in the recent bill will, according to i'm
portations of that article during the fiscal year
1893, yield an annual revenue of s43,7ls.59S and
the duties on the other articles mentioned in
your communication would yield under that
bill about 81 COZ, 900; that is to say, iron ore,
s27092O: coal 1896, 149. and barbed wire, fencing
wire and wire rods of iron or steel. when i'm
ported for the manufacture of barbed wire
fencing $4,000.
1t will be seen, therefore. that If sugar alone
is placed upon the free list the expenditures
during the present fiscal year will exceed the
receipts to the amount of S28. S0IS, and If the
/ duties are removed from all the articles speci-
fed in your letter the deficit will be S-9,7SO7sO
not including any expenditure on account of
the sinking fund the payment OF $780,
| 900 of Pacific railroad bonds, which Will
mature during this fiscal year. In view
of the existing and prospective require
| mentS l think it would not be safe to place all
| the articles enumerated in your letter, or even
sugar alone, upon the free list without impos-
| ing taxation upon other articles subject suf-
| fcieut to raise an annual revenue of about
| $4,000 o o. 1 have the honor to be very respect
| fully yours J. G. CARLISLE. Secretary.
Note-The bonds OF the Pacific railroad. guar
anteed by the government to the amount Of s.
! 1863. 900 mature during the present fiscal year,
| and this amount is not included in the above
! estimate of expenditures.