New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-05
ILL pRENINENIfS RISK.

Democratic Journals ana leaders rcS'hl S'T'Is
the suggestion that their party It's Adminis'rn
ton anl Congress are responsible for inc dls
a>fcr> II the Inst f.w years ~ " they holhh
to make m impression 10y mere sialwar asser-
lion. they continually repeat that The Repub'
leans caused all the trouble by their Mckinley
law AMI their sherman law. The case II one
which has been tried and decided 10y The people.
Th. verdict Last November lid not lack distinct
hess or emphasis ana showed how little ~"
reckless assertions by which Democrats try I"
escape responsibility have Impressed the publIc
mind II any question ever has been or can he
settled by exceptionally decisive action OF III"
pcoplo # must bc held settled thing mat the
pariv in power j. responsible for the dire disaS-
fer, which have attended its change of National
policy.
II is right ~ This time call public attention
to the fact that The President appears 10 he de-
Ubcratelv taking on himself responsibility Tor
th,. condition Of the Treasury and OF business
until next winter He has been earnestly
warned not by Republicans only. but by some
OF the ablc>i men In his own party. that the
deficiency of revenue WIS the immediate cause
of peril 10 the Treasury and 10 the business "r
In, country and that II this Congress could not
or would not provide increased revenue. II would
bc his duty to cal IN early session OF me next
Congress for that purpose. Bat he Is believed
TO be- abou, 10 negotiate large loan upon terms
peculiarly disadyantngeous 10 the country. as II
for the express purpose of escaping an extra
session and increase Of the revenue The
President will take a tremendous responsibility
if he thus stakes the welfare OF the country
upon the corrccrLess OF his theories about the
Treasury receipts. II h. should turn out 10 be
rchi il the revenue should prove sufficient after
the end of the current fiscal year. there would
yct be about five months Of prostrating unccr-
tainty. grave doubt In the minds OF business
men, unwillingncss 10 take new ventures and
apprehension lest exhaustion Of the gold
serve should bring disaster What these months
Of doubt may cost the country no one can say
i'm advance. but whatever the consequences may
be- the President must be held responsible for
Them if for partisan reasons he chooses To avoid
an extra session and an increase Of revenue
More confidence might be- placed In Treasury
estimates if they had not been found SD far ont
Of the way during the last two years. The
actual imports Of woollcns ut NcwYork during
the month Of January including Withdrawals
from warehouse, were about SS,210.000, and
with miscellaneous dry goods doubtless In part
Of wool, about $lOoOO.OoO, on which the duty
would be from SiO0OUO to Si.IO0.OO0. Adding
imports and Withdrawals ut other ports. II may
he estimated that AT least $.OOO.OOO VI the Gus
toms revenue in January was due TO this cx
ccplonal performance. which will not be re-
pcacd. The remaining customs receipts were
about Sl2,3OO.WO. against Sl1 100000 last year
and S2l, 10000 in January 1893 The estimates
~ the Treasury Department and the Congress
sonal committees were all based upon supposed
imports and consumption equal 10 those OF the
fiscal year ending with June, 1893. and It will
he seen that January. even with its exceptional
revenue from woollcns, fell far behind the same
month two years ago. Further. the customs and
internal receipts from September TO February
under the new revenue law compare with those
of two previous years thus: