New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-29

RECORD OF THE NEW LAW FOR THE
FIRST THREE MONTHS.

ITS "REVENTE" POSSIBILITIES ARE SHOWN by
A DEFICIT OF ,3ioooooo-THE DEsPIsED MKIN-
LEY LAW PRODUCED SURPLUS or
ssooooo DURING THE FIRST QUARTER.
10y TELEGRAPH TO THE rRIBuNEl
Washington. Nov 2S-The first quarter OF year
under the new tarln law ended to-day. The Law
went into effect on August -. II has been dis
couraging three months for the friends OF the law
If II has any friends. There has been a con-
slant deficiency even the first three days-which
were expected to supply enormous sums. because
OF the large quantities OF goods In bonded ware
houses-failing to produce much as the expcnc-
lures Of that period.
The receipts under the new law during the three
months that 1t has been In operation are as fol-
lows:
August uhree days.. SOG6.1s; September. 81
Cpl 22s October $9. $40; November Uwenty-eight
days.. 81. 757. 1883. total s6l,is43s6.
The expenditures for the same period were as
follows: August Uhree days., Sl27.2H: September.
$50 323Ols; October s32. 1859: November twenty
eight days.. Sc. GG7 81; total. ss2s3l.l'S
This 1t VIII be observed. shows deficiency for
every month Of the new law. and. what is worse.
a constant decrease In tho receipts There re-
mains but business day this month so 1t Is
evident that the receipts for the fun month OF
November cannot reach even the small sum which
was produced In October There has also been 4
steady decrease In the receipts ever since the law
went into effect the daily average dropping from
s756.OcD in September to SG37,W0 in October and
sG0s. 900 I'm November. There has been deficiency
every day and every month
a comparison of the total receipts and cxpendi-
lures for the first quarter of the year under the
new law shows this fact painfully:
Receipts three months under new law. sSbA,3I6;
expenditures $92 s3l, l7s; deficiency. s32i6.7a2.
This Is not pleasant record for the Congress
AZ. II
naturally ask about the record of s pet measure
over which it struggled long. a deficiency o;
81 1872 in the first quarter OF the year under tc
operation Of the law would seem to mean an
annual deficiency OF about Sl2,Up.OW
Ii may be interesting I'm this relation TO compare
the operation OF the new law In ITS ilrst quarter
with that Of the first quarter under the Mckinney
law That act went into effect on OCTOBER ]. 1850
Its operations during its first quarter were confined
70 nea rIy the same portion Of the that COW
cred bv the first quarter OF the German w nsoil
law The receipts under the hrst three months OF
the Mckinley law $9y.DIOl being thus more
than 10 per cent greater than those OF the present
Isw I'm fhe same period. The expenditures during
the first three months under the Mckinley law were
sci loi 1876 Thus the Mckinley Law yielded In It's
first quarter a surplus OF $50c0o In round numbers
while the Gorman-Wson law produced dei-
cheney of S3 100000 In round numbers In the CORE
sponding period 1t may be remembered the favorite
remark Of the friends OF and apoogists for the
German Wilson monstroslty was that whatever
might be said OF 1t. IL would do what the Mckin-
lev law did not do-produce sufficient revenue TO
meet the running expenses OF the Government
Here Is the story In nutshell or the history
OF the two laws for the first quarter OF their
operation: Mckinley law. first three months. sur