St. Paul daily globe., 1894-03-11

WASHINGTON, March 10.-When the
senate committee on finance met today
for the purpose OF considering the tariff
bill as presented by the Democratic
majority, only seven of the eleven
members of the committee were present,
Senators Jones, of Nevada, Vance. Nc
Pherson and Sherman being the absen-
tees. Mr.. Mcpherson was called out OF
the city yesterday by the illness of his
family, and Senator Sherman was him
self indispoSed. The committee exam
ined the details of the bill, aud dis
cussed its salient features. They were
hampered in this work. however, by
the absence of figures showing the
effect of the bill in the production of
revenue, and as compared with the
present law, and with the Wilson bill.
They decided, therefore, to order
printed statements and adjourned
until Monday morning, when the state
ments will be ready for the inspection
of the committee. These statements
have been prepared under the auspices
OF the committee. and they show that
THE SENATE BILL
will produce from stariff and Internal
revenue sources $3.50 10000 if the i'm
pOrtations prove to be of the same guam
tity and value as those of the last fiscal
year. This amount, added 10 the re-
ceipts from the postotfice department,
and from miscellaneous sources.
amounting 70 Sl05, ,O00, 900, will bring the
= snn
Under the senate bill the customs re-
celpts, it Is estimated. will amount to
Sl65,O00, 600, compared to Sl24 .0O0,000 as
shown by the Wilson bill, aud S193. .OOO,-
coo under the MckidleY law. and those
from the internal revenue por-
ton of the bill to 1929 ZOO, 900. as com
pared TO Sl60. 600, 900 received last year
from this source. This increase is found
largely in the three items OF income.
spirits and cigars, the income tax being
estimated at S30,000.000; spirits, $50, co.,
600, and cigars, S9,000,00O. Ihe pro-
ceedlngS OF the committee were entirely
amicable. and no portion OH which the
committee is expected to divide was
discovered.
IT NOW LOOKS
as If it would be comparatively easy
matter TO arrive at an understanding as
main in the committee. Senator AL
drich said after the committee had
adjourned they would begin the real
work on the bill early Monday morning,
and he thought it possible that it could
be completed next week. He believed,
he said, that the Democratic majority
would grant this time, as they had eX-
pressed themselves as disposed to afford
ample opportunity 10 the Republicans
to examine the bill and suggest amend
ments. Tie Republican members will
make all effort 10 secure some changes.
and, If they meet with success III a few,
will probably try TO secure others
They are hopeful. from assurances
which Senator Mcpherson is said 10
have given persons who have called
upon him, that he will join with them
: trying to secure the modification of
several schedules. and if lie should
pursue this plan the bill will be amend
ed TO the extent that he may be willing
to cooperate with the Republicans, as
they will probably cast a solid vote, So
that his vote would give them a ma
jority.
There are good reasons for the belief
that the deficiency i'll the revenues of
the government for the present fiscal
year vii! fall considerably below
MIR. CARLISLE ESTIMATES.
In his statement before the house
judiciary committee on Jan. 24. the
secretary expressed the opinion that
the deficit from the year would be SIS
o00O00 OF S79, 1000. 900, but the conditions
have changed somewhat since then,
and it is now The opinion of experts,
who express their estimates upon the
best data obtaiDable. that the deficiency
will be found not 10 exceed $4,000. 0O0
This conclusion is reached independent
of any increase in The receipts from in
ternai revenue, incident to a probable
increase III the duties in the liquor, to-
bacco and other schedules of the pend
ing tariff bill. The closest and most
careful estimates of the receipts from
customs place the amount at the close
of the year at Sll3.0J0, 600, of which
81. Isl. .422 had already been real
lied March l. 1t is expected
that until the new tariff bill
becomes a law there will not be any
considerable importations except to
meet current needs and active market.
Merchants during the last year, and
particularly during the last six months,
il is argued, have been pursuing very
cautious policy as 10 purchases abroad,
and as consequence their stocks of
goods have been reduced to a very low
point. Assuming that this conservative
policy will be continued. and that the