The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-04-10

lnterna revenue under existing 600
posts! under eN,ssnE isws)...,...... slt2tiG6 90
instantaneous under visiting lswss.. 2UVVOOOO 10
'T msd b gH rI.a. Sf9a .sS.ts nssn
Asns isr s r.y.5Ss ,o icaacoo 90
Income tax -. ....................... sooooooo 90
csrs'...,.,......,..,. SUSV oV5 90
Total. .fASU ISS 1855 %
| Summary Suf,msn.
Receipt. 800. $3.50 7ss 100 90
44a.3OdIS b W
Bni.nce OBSERVATION-DISCLOSURES. 2tsio71 20
These figures thus show an excess Of rev.
enue over expenditures OF So, 4Sl ,D17. being
| .IJ2 larger surplus than admitted In
| Senator Voorhees, official statement.
They establish the fact that The p5oposea In.
| guircd Tor any legitimate purposes OF the
An smendment to the bill striking out that
! tax would still leave q surplus OF 81. 4Sl.pI7
BESIDES, il is now apparent that the estimate
Carllsle's report was Inaccurate. aud may be
safely reduced to 81 40. 600 900 or sl45 0O0OO0
as much. and his own statement OF ths.sum
| reduces the amount required to Sli5OnO.OOU
page 4i57 bonr si7GSi S9U H less Il than 1 ore
| yious estimates. which sum added to the So
surplus sGrp o unasr this iii as
amended by the Finance Committee.
Upon Isflection, it may be confidently assert;
fiscal year will not exceed Sl4OUOnUoO. as
there has heen stendy decrease OF late under
| the present vigiant ad m inistration OF our pen
sion laws The expenditures for the first nine
months Of the present year have been only
year will be only Sl42, s5SU,ji: A. conservative
sum Of s5,O0000o toyer and above tho SIT.
631. $40 previously deductedl from the amount
Re surpns wsn ssop Z
making q grand total OF So, IL %. MT:
required Tor pensions for lSO4-55 will not ex-
coed Sl3o.OOoOOo ,,
| follows:
Receipts under Senate $3.50. Tss Iea
Expenditures for hscAi year 1896 425o76ais
Total ,urplu, ..'.. ssSiS5t5
Surplus without income tsI............ s22.11a647
II Mr.. Atkinson is correct. then s5.OOo.0 900
| more may he added to this surplus.
Two points should not be overlook bearing
upon the question OF Increased revenues:
has BEEN made Tor the possibility of increased
| impoitations under reduced duties; second
ity OF such Increase under ANTICIPATED revived
conditions OF trade Neither OF these impor-
The estimates Of impostations anticipated
under this bill are based upon the actual Inn
1s6S rs fss TSe dSs
imposed under the existing Mckinley law
.a' Mou
wise have been received. or AZ least been pos
Observation-Disclosures t styled pronibitorS duties"
tend to prevent importations. while experi-
enc has ;n9wn tina, frequently the i'm position on
materially increasing the i'm ortations,
S e soeR Ss whsse. o ssds
nSe s, Of sSa Of sysrH ws,
| largely Affect by the monetary panic. and IL
is not unreasonable to belieye that the bust
ness disturbances incident thereto may have
| materially diminished tho i'm portatlons from
what they otherwise would likely have been.
No official nor ssmi- official estimates have
I'm n Ia had hAN N dart n m In
make any figures at this time. OF the In creased
revenues which may reasonably be anticipated
OF the. Two considerations which have m en-.
toned. 1t ir sufficient. however. to declare
which VIII swell the surplus to huge proper;
tons II the income tax or the sugar tax shall
consider the economies aud reforms which are
| likely TO be instituted IN the various depart
probable under a Democratic Administration.
from which large reductions In expenditures
Mr.. President. these figures which I have
| submitted speak tor themselves They demon
stats that me only piSnsiGs Ss gsonnh 9Pp IN
| imposed. to wit. that it was actually needed to
meet the n.Sess,tes SCI o. the Government has
This is not my individual conclusion alone.
The country 30 EsEnrds it ., M...0ohrs.,,.
| inguished political economist. In a recent
article to the Boston Herstg in speaking OF the
| fore tails TO the ground
| Concerning this tax he then adds.
e IN, assP of
| Hin the face OF these facts-it in tho light OF
these hgures-ifin suite OF the honest and
| sincere opposition which this tax naturally
lion OF the country which / have the honor in
! part to represent on this noor-A people rs
patriotic as Loyal as Gensroas ard a. pnian
| II Notwithstanding these things WHICH ought
surely n COMMON fairness 70 lead 70 the
| bill. its retsnsion shall still be insisted upon
by the, unwiss and misguided and assumed
aud deisat shall await the whole hill let the
| responsibility fall upon the heads OF those
| where It properly belongs
DEFENCE OF NEW YoRK's BUSINESS MEN.
| listened the other day with considerable
| diana in hia fierce denunciations OF the people
in thi. country who have been fortunate
| nearly exhausted tho vocabulary Of abuse in
| the Anathemas which he hurled against ;hem.
seIishSsssS thor danesrods I prstsnsions
! aud intolerable arrogance; he described their
| lust, relentless. ubsparing. and insolent. con-
| duct he pictured their wealth as the illsgit;
| innate offspring OF governmental paternalism
| and characterized them as without gratitude
| or love OF country he imputed TO them an
and lSiA other crimes Tor which the convict
stripes OF the penitsntiary are the only pun
\ lsnment. anu lEtu. having du-
Judged them guilty without court or Jury. ho
declares them to be " 1T associates for thieves,
/ houssbreakeTs, tOrgers, aud eutthTGats, AMI
! not satisfied with this terrible humiliation
| which he Inflicted upon them, and notwith-
| adding his well-knOWn amiable and lorgiy-
| ing disposition. with one Tell swoop he con-
signed them all : to everlasting hell
Then. Mir, President he calmly and seriously
| said to us, am loath 70 say theseGhlngs tie
| need not have given us that assurance; OF
| course. We all keenly realized u. We Know
I with what reluctance he assumed his unpleas-
| ant task and with what lacE OF sageInesS he
| smbrac cd the Afforded opportunity Mr.. Pres
idsn., those violent and unseemly dsnunCta-
tions-thess arguments. IL they can le dlgni.
fed as such-may answer for the hustings OF
Indiana. but 1 regrst to hear them in the sen
ate OF the United states.
Of the men OF wealth. TO which have OTlsly
alluded. | venture 10 speak a few words in
their defence. / sneak more especially OF the
men Of means OF my own state. cannot
Of course speak for those OF Indiana they
may % Al that they are painted W tho senior