The daily morning journal and courier., 1895-05-21
TT WAS CosTLY.
Income Tax Bin Has Cost the Government
 Big Sum Already

Washington, May 2O,-The experi-
 ment of reviving the income tax has
 been a costly one. Up to date the cost of preparing for the enforcement of the law now declared unconstitutional az gates about $1O0, ,000. All the printing done in preparing blank forms of re- turns is a dead loss. There were ap pointed 24O deputy collectors for the purpose of handling this tax, all of whom will now be gradually dismissed Up to May 1 the amount of tax paid in was;
 By corporations, $16,e42.59; by persons, $56,52154.
 Since that date $7OOO have been re- ceived, making the total in round tig- ures, $S0.0OO, This money will be re- | funded under section 3,220 revised stat utes One application has already been | filed for return of the tax paid It was made by ex-Senator Camden of West Virginia, who filed 1t five minutes | after Justice Fuller announced the de- cislon.
 The abrogation of the income tax has revived the rumor that an extra session of congress will be necessary in order to supply more revenue by in creased taxation. or else that another issue of bonds will have to be made to meet the situation. President Cleve- land announced several weeks ago that no extra session would be called and those close to him say that nothing has occurred since to induce him to change his mind. This reduces specu- lation to figuring whether the treasury can sbe sufficiently sustained by its present current receipts until the regu- lar session of congress assemblies and provides measures for raising addi- tional revenue.
 Assistant Secretary Curtis is of the opinion that the revenue will be suffi- cient unless there Is decided decrease in receipts, which he does not antfci- pate.
 At the close of business to-dy the available treasury balance was $S5,000,- 900 exclusive of the gold reserve. The Belmont Morgan syndicate owes the treasury about $10,0O0,000 on the last sale of bonds, which if added would swell the total of available funds, in- cluding the gold reserve, to $192 900, 900. The deficit for the year to date is $51,- 00O0O0, with the expectation that it will be reduced by June 1 to $47000, 900 or S4S 100000, and by July 1, the begin ming of the new fiscal year, the total deficit is not expected to exceed $52, ,00O,- 900 or $53, ,0OO, ,OO0 Because of the heavy appropriations that then become avail able, notably s5,00O 900 for the sugar bounty, the deficit for the five months to December with the receipts running no heavier than now; 1t is estimated will be about $350O0, GOO. If this esti- mate is correct and there is no raid on the treasury's gold reserve the best opinion of treasury officials is that no bond issue will be necessary. Con- gress will be expected to raise addi- tiona1 revenue to replace the amount calculated to be derived from the in come tax.
 Many government officials favor in- creasing the tax on beer to $2 per bar | rel to provide additional necessary rev enues. This will yield, it is said, be- tween $20, 900 and s250o0,OO0, which | with the current receipts will provide | sufficient revenue to make the receipts | and expenses meet.