The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-08-17
UHICe OF tna secretary.
Washington, y. c., Aug. 10, 1894.

Washington, Aug. i6.-Secretary Car
nsle S letter is as follows:
Treasury Department.
Office of the Secretary
Washington, .. c., Aug. 15 1894
Hon. Isham G. Harris, Acting Chairman
Finance Committee:
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 as to the effect the passage of
these bills or either of them would have
| upon the revenue of the government, IS
received, and in response, ] have the hon
! or TO say that according to the most
! careful estimates that can be made in
the proposed revenue Legislation which
mas recently passed through Congress,
the total receipts into the treasury dur
ing the current fiscal year will be as fol-
| lows:
Estimated revenue for fiscal year end
ing June 30, 1895, from duties on imports,
Senate bill, including $43 900 on sugar,
SIS 100000 from internal taxes whisky
so, 600; tobacco, 81, 600, 600; fermented
liquors. $53,0OO,OO0; income tax, $15,00O,0 600;
o. o,ieao3mrdaarganine, 100000; playing cards
SLOUO,e0O, miscellaneous, $780, 600; total in
ternal taxes, $l79,0O0000 from sale of
pubic lands and other miscellaneous
sources, 100000 CO; total estimated reve-
for the present year from the proposed
tax on incomes and playing cards and
the proposed additional tax of 20 cents
per gallon on distilled spirits are, it will
be observed, much less than is stated in
the various tabulated statements which
have heretofore been used in the discus
sion of these subjects. but / am salts
lied the amounts here given are ap-
proXimately correct.
The proposed income tax will not be
payable by the terms of the bill recently
passed until ION or before July /, 1885,
nn ln-ea Of Es-<,-
1T 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 81, 100000 during this year
The estimated increase of receipts on &C
count of the additional tax on distilled
spirits during the present year has al
ready been prevented to a great extent
by withdrawing large quantities of goods
from the bonded warehouses and the
payment of tax thereon at 80 cents per
gallon, and this process is still going on.
The total expenditures during the cur
rent fiscal year will be as follows:
Covert and miscellaneous, including de-
ficiency in postal revenues, 800, 600 000
war, including rivers and harbors, $751;
| 100000; navy, including new vessels and
ornaments, $33, 900 COO; Indian, 500 600;
pensions, S1AS,000,000: the interest S30,500,
coo. The total expenditures, 1896, 900, 000
Estimated surplus for year, SIS, 900, 600
The duty on sugar proposed in the re-
cent bill, will, according to importations
of that article during the fiscal year 1893,
yield an annual revenue of S43 us, 59S, and
the duties on the other articles men
toned in your communication would yield
under the bill, about 100000: that is to
say, iron ore, $270,920, coal, 1855, 149, and
barbed wire, fencing wire, and wire rods
of iron and steel, when imported for the
manufacture of barbed wire fencing,
about $780, GO
| 1t will be seen therefore, that if sugar
alone is placed on the free list, the ex-
penditures during the present year will
exceed the receipts of this amount S2S,-
47S 05S, and if the duties are removed
| from all the articles specified in your
| letter, the deficit will be 500, $50, 100, not
/ including any expenditure on account of
the sinking or the payment of 1853, 900
of Pacific railroad bonds, which will ma
! ture this fiscal year.
| In view of the existing and prospective
requirements, / think it would not be
! safe to place all the articles enumerated
| in your letter, or even sugar alone, upon
| the free list without Imposing a taxa
| ton upon other articles sufficient to raise
the annual revenue about $30,000,000 |
have the honor to be, Very respectfully
yours,
J. G. CARLISLE, Secretary.
The secretary adds the following to his
! letter:
Note:-The bonds of the Pacific rail-
road guaranteed by the government to
the amount of 81, 1853 900. mature during
the present fiscal year and this amount
! is not included in the above estimate
! of expenditures.