Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1894-11-09
SUGAR TRUST TARIFF


FAILS TO PRODUCE REVENUE TO
RUN THE GOVERNMENT. @ 3}3
It's First Month the Worst September In
the Past Ten Yesrs-Receipts Little More
Than Half Those Under Mckinley LAw.
VIII a New BOND Issue Be Necessaxy.iS
The first month of the workings Of the
Sugar trust tariff law is bitter dis
appointment to the Democrats. They
have been complaining that the McKin-
ley law did not furnish enough money
to meet the legitimate expenses Of the
government, but to their astonishment
they find their own tariff falling short Of
the Mckinley 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 tts
first month nearly SO, 900, 900 less than
the expenditures during that same
month. This would seem to indicate
that the new law will produce about
800, 900, 900 less per annum than the
expenditures. It 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 wait
ing to, come in under the reduced rates
offered by the new law. So it was nat
urally to be expected that the receipts
of the first month under the new law
would be very large, and would con-
vince the people at once that all the
claims for reduced tariff were fully
justified. .~
The Receipts of the First Month.
Now, let us see what it really did do
The law went into effect Aug. %, so
that the first month Of it's workings may
fairly be put down as the calendar
month of September. An official docu.
ment 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. .$zS,ozl, ~ %
expenditures. ACKNOWLEDGEMENTS. 0O,oSo,Olo o.
Thus it will be perceived that the re-
seipts were 81, 701, 790.27 less than the
expenditures during the month Of Sep
TENDER, the first month under the new
tariff law. And this, too, in the very
month in which the receipts were ex-
pected to run very large because Of the
enormous importation Of foreign goods
piled up in the warehouses waiting to
come in under the new law. If the new
law in this first month, in which it was
expected to be exceptionally productive
of revenue, actually produces deficit
of So, FOL, 100, it does not take much OF
an arithmetical expert to figure out the
prospective deficiency in 10 months at
nearly 500, 600, 900.
A Comparison With the Mckinley Law.
Now to compare the workings of this
Sugar trust tariff with the much ma
ligned Mckinley law. The first month s
receipts from customs alone under the
new law were SIS, 564, 900. The Gus
toms receipts under the first month OF
the Mckinley law were $24, 943, ia,
showing the customs receipts under the
Mckinley law in the first month Of its
operation to have been more than 80 per
cent greater than the customs receipts
under the Sugar trust tariff law. But
that is not all. The total receipts Of the
first month under the Sugar trust tariff
were $22. 621. 1913, while the total re-
ceipts of the first month under the Nc
Kinley tariff were $50, 222, ia, or rs
per cent greater. The average monthly
receipts of the ~ months that the Mo-
Kinley tariff was in effect were $780,
291, 016, or nearly 80 per cent greater
than that Of the first month of the Sugar
trust tariff law.
A Ten Years Comparison.
But the suggestion is made that it is
not fair to compare the September re-
ceipts of this year with the all the year
round receipts of other years because
September is light month in receipts.
So let us compare the receipts Of Sep
TENDER under the Sugar trust tariff with
the September receipts under the Nc
Kinley 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 a
glimpse of the Arthur administration,
all of Mr.. Cleveland's first four years,
all Of Harrison's term and part Of
Cleveland's second term and will also
give seven Septembers under the tariff
of 1883, three Septembers under the
Mckinley law and the first September
under the Sugar trust tariff. It may be
worth while to give the expenditures in
each month. 1t will be observed that
the total receipts under the Sugar trust
tariff in September, 1894, are less than
in any September in ten years and that
the expenditures are greater than in any
September in ten years.
Receipts. Expenditures.
September, 1884. 900. 81, 29, 110 81, 1881 l2
September, 1885. @,N1,08 1888 ,054
September, 1883. ...... 81, 606, 7O1 D,583, 101
September, 1887. .... 80 1850, 86 17,098, 06
September, 1885, ...... 8l,6e6,174 1884, $50
September, 1850. 81, A8,2O N,1o0, 010
September, 1890. 0,7S,8A 49, $50
September, 1891. ...... N,1H,6H 2,287 ,00
September, 1892. 5000. 81, w,68 q, 4o