The times. [volume] (Richmond, Va.) 1890-1903, 1895-07-28
WHAT CONGRESS MAY DO
errsryoys or RETENUE REPUB-
LICAys MUST CONSIDER.
Probable That They VIII Decide rha' 10
DO Nothing VIII Be Best for Inc"
Party-Condition Of the Treasury

WASHINGTON. July T.-N Hae '"~ -
c, pgress will 90 With the revenue p'''
lem is beginning to excite good ue"' u
interest at the capital. The question IL
both a fiscal and a political one. Inc
Treasury may need small increase -
revenue. and the political parties arc nA'-
" TO differ as TO the means OF proViu'"s
IT, II the Administration and Congress
were OF the same rarity the matter wou'u
become simply one of party Sohcy' D"'
with one party in power at the "ni'e
House and the other under the dome u
the Capitol Il becomes question OIL
tactics on both sides.
The duty of the President is the compara-
lively simple one OF seeing that no le-."-
actment of any fragment OF the NVh'i'ioS
system Of protection shall go INTO ''''
statute books. The duty OF the HOUSE
of Representatives under MIR. Spe"Nei
Reed will be more purely contructiVe anu ~.
will involve the decision whether .a' -
bill shall be passed or revenue so"s ~ =.
some other way. The Presluehl' -,
present Indications. can afford TO withnolu
his signature from any revenue iiioa9 ',..'.
he dsikes without putting the lreasuls
to Serious embarrassment II -
should refuse to send him SUBSTITUTE
bill. -.
The Administration will be relieved en-
tirely of the necessity OF recommending
new revenue legislation TO congress -
receipts shall continue to run at the rate
thus far realized in July. The nrst sever
teen DAYS Of the month have SHOWN
CENTS aggregating slL42,lOl, whlch Il
more than 81 10000 per day. lhciuuins
SUNDAYS and holidays. The month OF "u,s
usually shows somewhat larger i'Oc'i'
i'm normal conditions than some Oh l"e
other months OF the year because eNclse
licenses and some other annual iayiueh'S
ore Included in tho returns. This diner
ence. however. is usually only sl'"VV" 20
s.. 900 OoO a month, and would not deprive
the receipts OF the present monln or
their encouraging character II IL "e'0
eliminated. .r go,
II the receipts Of the month shall con-
tinue as favorable as those OF the his'
seventeen days. they will exceed Ni'osv.yo''
A deduction Of 100000 would leave ~
an coo and II this sum may be accepted
as the rate for the year. Tire year lpcpnie
will he x}4S 600 Oo0 Secretary tarllslt
estimate OF expenditures for the lscai
wear including interest on the puphc pf"'
is t259 On 900. so that the present rate OF
receipts would leave a deficit OF only
81 600 go This hardly would MAKE
serious impression on the surplus OF >i'S'-
e2.H7 which was available AZ the Des'h-
ming OF the year. ,,,.
been so slow I'm coming. and mas peeh
limited 10 so short a period that the con-
sentative experts i'm the Treasury 10 not
feel like claiming too much as yet. Ihey'
however feel that with the continuance
If business prosperity. the rate OF receipts
ie likely 90 Increase rather than ran OH,
after due allowance is made for the usuai
excess I'm July TWO influences are neiieN-
ed now 70 be IN operation, when nave
been waited for patiently during Tue
suriug one Is the increase OF impoti IS
due 10 the revival of business ana tnr
CONSEQUENT increase Of customs receipts
and the other is the withdrawal OF whls-
XIV from bond The customs receipts dld
not begin 10 show the influence OF reNiN-
ing industry along with railroad earnings
and other domestic interests Tor the
kreason that il required some time for I'M
porters TO accept the revival as set'iei
fact. place their orders abroad and receive
the new goods.
Some of these imrortations. IL is be-
lieved. are coming in now, ana no reason
is recognized at the Treasury why they
should not continue 10 come during the
remainder OF the summer ana the aul-
umn.
The increase OF the receipts from IN
ternal revenue by the exhaustion OF 'ne
great stock Of whisky Withdrawn from
| bond before the tax was increased last
August. has been only a question of time
and the time seems now TO nave come
The recent proposal of the Kentucky DIS
tnlerles TO suspend production Tor the
.oming year Will have no effect upon IN
tornal revenue receipts. for they VIII ne
derived from the stock Of whisky alreasany
| i'm bond. which is estimated at over lou
600 600 gallons. =.
1t is possible for the Administration 10
adont a constructive policy OF revenue
legislation. as well as to simply interpose
a bar to the restoration of Mchinleyism.
The more aggressive advocates OF tariil
reform are urging and hoping that the
President IN his message. and secretary