The Durham daily globe. (Durham, N.C.) 1889-1894, 1894-01-19
COLONEL CARR'S VIEWS.
STANDS TO HIS POSITION IN RE-
GARD TO THE TAX.
The Situation as 1t Strikes
Ma

Me-"
| Col. Julian S. Carr this evening gives |
to THE GLOBE for publication the fell |.
lowing:
"THE SITUATION AS 1T STRIKES ME-"
"1f any doubts were entertained of the
absolute necessity that some step should
be taken for the relief of the very embar-
rassed condition of the United States
treasury, certainly the announcement in
yesterdays dispatches from Mr.. Carlisle,
that he would offer fifty millions of
bonds for sale, ought to be unanswerable.
The situation is a very serious one, or
certainly such an unpopular move would
never have been thought Of. The idea
Of the government forced to increase her
bonded Indebtedness in times of profound
peace. Persons whose visions extend
beyond their interest must regard the
situation with alarm.
"1n his annual report, the secretary of
: the treasury, estimated the excess Of ex
year. ending June 80, 1894, at $28,000,-
900. In making this estimate the secre-
) tary based his calculations upon the ex
pectation that for the last seven months
of the fiscal year the revenue would
equal, if not exceed, the expenses. But
on January ~, the secretary, in letter
, to Senator VOORHEES,, states that ExPEN
} sEs HAVE EXCEEDED RECEIPTS by NO
LESS THAN $45, 100000, and that if this
average is maintained, the total deficit
for the year, ending June 80, 1894, WILL
AMOUNT TO OVER $7s,OOO.OOO, and in this
| estimate is not included some $5,000,000,
which is due as a bounty to the Louis
lana sugar growers. On the 18th Of this
. month, the treasury had net balance Of
only little over $11,000,000, and as in
February it is probable that expenses
will exceed receipts by some $18,000,000,
it is evident to the most causal observer
!, that something must be done.
"The cituation affords very fine op-
l portunity for the patriot to 1ise above
self and lose sight of his own interest for
the good of his country. I am Of the
opinion that resolutions favoring the
present rate of tax upon. tobacco, will
fall upon unsympathetic ears when they
reach the committee of ways and means,
unless, accompanying the resolutions,
our board of trade can forward some so
luton whereby the treasurer may be
!. able to meet the deficiency that already
r exists and which threatens to grow. 1t
is somewhat surprising that the commit
tee will be expected to show utter disre-
gard Of the precarious condition OF the
treasury and proceed upon lines marked
out by the resolutions. | am aware that
l am in the minority in my views, and il
may be possible that am wrong, as by
no means claim infalibilitY, but my posi-
J. tion is taken not after having studied the
situation as to how the increase of tht
tax will affect tobacco, but how the failure
to do so may affect my country and my
people 1t is true am a manufacturer o
b tobacco, and yet a patriot, and while
Il love Caesar, l love Rome more. 1t il
= barely possible that some of the members
Of the board of trade have never learned
e that there was convention Of tobacco
d manufacturers held at Washington No
vember sth, 1898, and with the ther
, existing state OF affairs, and which have
IS grown rapidly worse "soME WANTED !
9 RESOLUTION PASSED TO THE EFFECT THA-
IN CASE THE NECESSITIES OF THE GOV
ERSMEST REQUIRED AN INCREASE, THEN
IS THEY WANTED THE TAX ADVANCED TC
r - CESTs"
y II was not present at that convention
+ nor had any representative there, bat II
Ie appears that more than 60 days az
"some manufacturers" appreciated th
e situation and felt it their duty to NEE
= 1t, and am of the opinion, knowing per
J. sonally as l do. many Of the tobacc
manufacturers throughout the Union
e that at a convention held TO day IN Wash
y ington, and the situation having growI
worse since their last meeting, the some
# would prove majority.
r My only purpose in this commdniea
hn-