New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-16
W;N,JACKS6N:9e@
$50 Broadway. Union So. & 18th st.
ARTISTIC
.e O." In BRASS & IRON,
WGtQ! For INTERIORS, OPEN
Wnrk FIREPLACES, ETC.
Our own Foundries and shops.
FOR THE NATIONAL PURSE.
WILL MORE BONDS BE ISSUED OR DUTIES
INCREASED?
Our own Foundries and shops.

MORE MONEY MUST BE RAISED. But THE QCES-
TON IS HOW TO DO 1T WITH MOST EASE AND
GRAcE-A DUTY on WOOL FAVORED
10y TELEGRAPH TO THE rRrBUNE.l
Washington. July l5.-Neary everybody believes
and says that In order to provide money u i"se'
the demands upon the National Treasury. under
the appropriations made by Congress for the cur
rent fiscal year 1t will be necessary to nave re-
course to another sale OF bonds, or TO take act on
TO Increase the revenues. The latter alternative u
the one that seemed to be generally favored py
the ADLER and conservative and patriot'c me-"
OF both parties last winter, but 1t was strongly
onnosed nv tho Administration and its cuckoo sup
porters who stoutly asserted that the existing
law would Yield all the revenue necessary FOR the
support OF the Government. ana That no iurther
legislation necessary so conhdcnt were they
that bills to Increase the revenue which were
offered I'm the House OF Representatives and re-
fcrred to the Committee on Ways and Means were
pigeonholed and never considered by that COM
mttee.
The Secretary Of the Treasury had estimated a
deficit OF 100000 for tho fiscal year ending June
3d. 1873. and 1t proved to be more than twice that
amount Chairman Wilson, OF the Ways and
Means Committee however. took rosy View ana
insisted that before December /. 1895. the deficit
OF the previous fiscal year would be wiped out and
that the Treasury would have begun 10 ainass a
surplus Probably even he does not now cherish
such expectation. The prospect Is that whch
the IIVth Congress assemblies II viii be FOUND
that the excess OF expenditures over receipts since
juno 80 1891. amounts TO At least $@"o"o ana
that leg Station To Increase tho revenues Is ncces-
sary. This will be true even II there shall no, have
been another raid the gold reserve before that
time.
There Is diversity Of opinion even among meri-
bcrs of the party IN power as 10 what sort OF rev.
cnue legislation that VIII meet the emergency Is
49, fftl,.I IA ~
the tax on beer /. pretty strong. hut the opposi-
ton 10 u ia also strong and the general indsposi-
ton 10 ada 20 the burden OF Internal taxation may
defeat the proposition II II is brought forward. or
course any general revision OF th. tarin Is out OF
the question. but experience has already shown
TIA, IN many respects the law has failed 20 DO
what It's trainers and advocates claimed that It
would do-.ncfcasc the revenue from customs and
IL IL barely possible that Congress might amend
IL In such a manner that the President would
not ~ least. dlsapptove 90 action That an effort
vii b. made 10 rclmposc duty on wool Is alto
gcther probable In the course o, conversation
on this suhjcc, to-day Senator Dubois. OF Idaho,
sad:
I mink the Western men In Congress viii IN
I.'t on the deficiency n ne revenue being made Up
them On this subject, an satisfied that 1t IS the
only ihlng they can 10 consistently The most OBJ
Jcci.onah.c feature OF the new ttrlr law IS It's is.
q, 49,, - I,..r, I'm. Eastern manuf,rfnrcr
AMI such fln material as IRON and coal a!c pretty
~, ~, ~ ,ldinunl duties have got 10 he col
sre r,r,i-ul,ry Interested ln and which nave been
rcsioraion ~ wool - tho luiiab.c lis, Is the thing
IN which m West Is most .n;ercs,ed and inc Re Re-
proposition. / quite sure that ;he West VII In
Congr-.s en- refuse to select ,hat As tho TEN upon
which 20 raise additional revenue TIE iact TIA; n
Administration may rot OK WIN favor upon ms
llty do nos think should Do consiu"fel II iH a