The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-05-04

Complete Failure OF tho Democratic Rev
cnue scheme.

Complete Failure OF tho Democratic Rev
enue scheme.
Secretary Carlisle will live to rue the
day when he made his notorious
prophecy that the treasury deficit
would be reduced to S20,000,000 by the
end of the fiscal year, and that even
this would be wiped out before con-
gress met again. Nobody thought at
the time that he himself believed the
statement. or that il was made with
any other purpose than 20 deter con-
gress from modifying the democratic-
populist tariff programme.
The prophecies which placed the
yield from the income tax ut S50,000,-
600, with an absolute minimum of
10000, 900, were part and parcel of the
same scheme OF deception. Now that
the returns for this INK urr Mi in, the
commissioner of internal revenue at
Washington admits that the maximum
yield Of revenue from the income tax
has dwindled TO Sl0,0o0,OO0 with the
possibility that when the collecting is
all done it viii fall TO minimum OF
$4,000, 900. Thus, supposing that the tax
yields the top figure, s10,000,000, there
Is still a gap Of 100000, 900 deficit be-
tween this and the minimum previous
ly estimated, and IL becomes neces-
sary to add at least this sum TO Secre-
tary Carlisle's estimated deficit.
The democratic revenue scheme has
also failed no less signnlly in other re-
spects, and the prospect Is that the
deficit Mt the close of the fiscal year
will be considerably over $50, 1000 600.
II Is true that the decision OF the SUI
preme court has had much 20 do with
this enormous shrinkagc. But grant
ing that IL has cut down the revenue
from this source one-half. Secretary
Carlisle's predicted receipts were still
double what he had good reason 10
know they would actually be- And. as
II to make his disgrace the more COM
plcte, the revenue from the sugar duty
has also fallen nearly 80 per cent. be-
low the estimated receipts. The com
bined result OF these two facts and OF
the general falling OF Ia importations
on account of tho hard times Is TO leave
the treasury in n condition of collapse
from which II can be rescued only by
tho continued issue OF bonds until such
time as n republican legislative body
can undo the deplorable work of tho
Ffty-third congress.
In view OF this state of affairs, the
action Of the late congress In refusing
20 mako any provision for the issue OF
low-intcrcst bonds, such rs President
Cleveland advocated, becomes doubly
eprchensible.--Chi journal.
- Tho income tax outrage Is only
an incident OF the general democratic
record OF disaster. dishonesty and inn
becility. The crippling of tho measure
by the decision of the supreme court
merely adds one moro TO the long list
OF democratic blnnders and fixtures
II IS no wonder that decent democrats
are so Disguised with their party that
they viii not talsc tho trouble TO come
out and votc.--N. y. Advertiser.
~ Cleveland and mis- cabinet would
like we'll TO make such clamor for
gold rs TO make the people forget the
blunders Of his party In the late con-
gross. Throwing dust In the peoples
eyes Is not likely TO blind them 20
questions pertaining TO protection Of
American labor. The country Is not
in mood 70 run this country In the
interest and at the dictation Of English
bankers - Chicago Inter Ocean.