The Coconino weekly sun., 1894-10-18
A FINANCIAL FAILURE.
The Democratic Sugar Trust Tariff Cutting
 or Revenue Receipts.

, It fails to produce revenue enough tC ) meet the expenses of the government Its first month the worst September in the past ten years, Receipts under ii little more than half those under the
 Mckinley law. Will new bond issue be necessary?
 The first month of the workings of
 the sugar trust tariff law are 6 bitter disappointment to the democrats.
 They have been complaining that the
 Mckinley law did not furnish money enough to meet the legitimate, ex-
 penses of the government, but to, their
 astonishment they find their own
 tariff law falling short of the McKin-
 ley 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 its first month nearly eight million dollars less than the expenditures dur ing that same month. This would seem to indicate that the new law will produce about one hundred mil lion dollars less per annum than the expenditures. It was expected that | 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 waiting to come in under the reduced rate offered by the new law So it
 was naturally to be expected that the receipts of the first month under the new law would be very large, and would convince the people at once that all the claims for reduced tariff were fully justified.
 Now let us see what it really did do. The law went into effect August 2S, so that the first month of its workings may fairly be put down as the cal endar month of September. An off cial document 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, 22,621 ,22S.SS; expenditures, $50, ,S23, ,01s61.
 Thus it will be perceived that the receipts were $7,70l, ,79O.27 less than the expenditures during the month of September, the first month under the new tariff law. And this, too, in the very month in which the receipts were expected to run very large because of the enormous importation of foreign goods piled up in the warehouses wait ing to come in under the new law. If the new law in this first month, in which it was expected to be exception ally productive of revenue, actually produces deficit of S7, 7O1, 79O, it does not take much of an arithmetical ex- pert to figure out the prospective de- ticiency in twelve months at nearly a hundred million dollars.
 Now to compare the workings of this sugar trust tariff with the much maligned Mckinley law The first months receipts from customs alone under the new law were Sl5, 564, 99O. The customs receipts under the first month of the Mckinley law were s24, 034, IA, showing the customs receipts under the first month of the Mckinley l law in the first month of its operation | to have been more than fifty per cent, | greater than the customs receipts un- | der the sugar trust tariff law. But that is not all The total receipts of the first month under the sugar trust | tariff were s22, ,621, ,22s, while the total receipts of the first month under the tariff were S39, ,222, 174, or 75 per cent greater. The average receipts of the 47 months that the Mckinley tariff was in effect, were s29, ,S0l, ,016, or nearly 30 per cent. greater than that of the first month of the sugar trust tariff law.
 But the suggestion is made that it is not fair to compare the September re- ,eipts of this year with all the year 'ound receipts of other years, because September is light month in receipts. So, let us compare the receipts of Sep .ember under the sugar trust tariff with the September receipts under che tariff. While we are about it suppose we take in the preceding sariff, md cover say the Septembers from ss4 to 1894 This will give us glimpse 'f the Arthur administration, all of dr. Cleveland's first four years, all of farrison's term, and part of Cleve- and's second term, and will also give even Septembers under the tariff of Ss3, three Septembers under the Me finley law, and the first September Inder the sugar trust tariff It may e worth while, too, to give the ex- , enditures in each month. It will be bserved that the total receipts under he sugar trust tariff in September, s94, are less than in any September in len i ears, and that the expenditures are f reater than t'l any September fn ten years. I
 ETpendi-.. r
 Receipt& tlsreG eptember 1884 SoQ 220II9 I7J73o1e { eptemDer 1885. .......... go 07I O26 l6 Sf3 054 { eptember 1888. ......... 3l. .(8670l 2O5SS lOI eptember 1887. .......... 33,S59 SO5 I7O26O75 eptember 1888. ........ 31, COS, ,I74 I488b3O
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