The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1895-10-31
ASTORIA, OREGON, THURSDAY MORNING, OCTOBER 81

ent fiscal year began on the LIST of JulJ
last with the era OF prosperity started
and Democrats proclniming The return OF
good times, II Is fair to take the results
of the. tariff bin since that time as a fadi
indication of what was to be expected
from the new revenue measure. TT may
be weal to examine It's operations. From
July to and including Oct. Is, 1896, the
government receipts have aggregated Sl0l,-
989, ,543.52. OF this $52,626, ,Ss.A came from
customs receipts. $44,976.s2a.41 from inter.
nal revenue. and sl.4S6 457.7o from miscel.
Aaneous sources. Duriug the same period
the expenditures aggregated y122, 800, $50. x
That Is to say that during the period
when the Democrats have been claiming
that prosperity was returning and the
ment. Governmental expenses have ex-
ceeded the receipts by S2l,eO7, 1878.
eee
The operations Of the new tariff law
may be furCher exhibited by calculating
as follows:
Since the new fiscal year began there
have been ninety-five business days. In
that time the receipts have averaged ST.
073,684, and the expenditures have aver
aged 81, ,295, ,790 daily. In other words dur.
ing every one OF the nineky-flve working
days of THE new fiscal year and including
the Fourth of July and Labor Day, the
expenses of the government have exceed
ed tine receipts daily by an average Of
$222, ,1O6. If then the new tariff law work
ing under comparatively Favorable con-
Eiitions Us productive OF an average
dlaiiiy deficit of over two hundred thous-
and dollars, there Is a crying need for
more revenue
Inasmuch ais Secretary Carlisle has
maintained ali along that The tariff bin
would be sufticiently productive of rev.
enue, he Us naturally loath to admit that
more 1evenlie is required. Toward the
end Of the cate congress Senator Allison
was able to persuade Senator German
that the best way to provide the revenue
required was to grant the secretary of
THE treasury authority TO Issue enter
gency notes TO u1eet deficiencies IN the
revenue. These notes were to run for
one, two or three years and TO bear inter
est at one or two per cent per annum.
The senate would undoaibte1ly have pass
ed such a proposition, and 1t could have
been forced Through the house IL the aid
ministration had consented 10 It. Mr..
Cleveland and Secretary Carlisle positive
ly refused to admit that such legislation
wials required, and the threat was made
that the president would veto the sundry
bill, to which 1t was pro-
posed to attach such a provision. This
threat had the desired effect, and the
treasury was left to its own resources,
with alhe result given above.
oaa
In view Of the disastrous deficit that has
continued to grow since that time, Sec
retary Carlisle now admits THAT some rev.
enue provision is required. He, in agree
ment with tihe presidents IDEAS, is unwil-
ling to advocate an increase in the tariff
duties, and feels that thekneeded revenue
can best be secured tlirougtn an Increase
of Internal revenue taxation. The objec-
tion on THE part of the administration
to increasing any tariff duties Is that the
house is Republican, and It. would most
naIburhnly impose duty on raw wool.
AS wool was one Of the articles which,
CONTINUED ON Fourth Page.