The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-28

| 1863 At the close of the fiscal year
1892 the receipts from customs fell to
SIT, 452, 1854; a falling off from the pre-
vious year of s42,069,241. In 1893 the
customs rose over the previous year to
s203, 1856, 017 an increase over the previ-
Gus year of S25,9O2 .053; but S.f.3I;.5 sos
less than the income from the same
source in 1890. During the fiscal year
1894. being the last year of the McKin-
ley bill, and before the enactment of
the Wilson bill, which was not passed
until August of that year-the amount
received from customs fell to 131, S1S, 531.
falling Off in the revenues for that
year as compared with the previous
year Of ST. 537, 900; and a falling off of
$97,S50. 054, as compared with 1890. Thus
under the operations of the Mckinley
tariff there was constant falling off
in the revenues OF the government.
until from an excess of revenue over
ordinary expenditures of SS5.U40,2l2 in
1890. the year the Mckinley law was
enatcted, There was in 1894 am excess of
enue of 0,024,S4S, brought about chiefly
through the falling off in the govern
ment income from customs
According to the report Of the Secre-
tary of the Treasury for 1895 the re-
ceipts from customs amounts to S152.-
1851; am increase over the last year
of the Mckinley law OF 21,340.GS6. The
conservative estimate made by Mr..
Carlisle of the increase of customs in
1896. on the basis Of the present law is
S172 900, 900; an increase over the last
year Of the Mckinley law of over $4O,-
100000. His estimate from customs for
the year 1897 is $3.50 ZOO, 600; an increase
of more than s5S,OOO,OOO over the last
year of the Mckinley bill.
These facts disclose this to be the
state of things: Under the Mckinley
bill there was am enormous yearly fall
ing off in the government revenues
Under the Wilson bin in the one year
1T has existed there has been a large in
crease in the customs receipts, and ac-
cording to The estimates of the Secre-
tary of the Treasury the increase will
continue until by 1897 the government
revenue will exceed its expenditures.
1t is no answer to all this to say that
at present for two ano a half yeal
past the expenditures of the govern
ment have exceeded it's revenues, and
that during a year and half of that
time the Democratic tariff law has
been in force, and therefore it is too
much to hope that dt will provide the
necessary revenue for the government.
1t is well. known that the Democratic
tariff law was drawn with reference to
its being supplemented by the income
tax law; and had that law been sus-
tained by the courts, the revenue of the
government would NOW have been in
excess of it's expenses. But even with
that part of Democratic legislation
struck down by the courts, the Wilson
tariff promises in another year to yield
enough of revenue to meet the just ex-
penses of the government. This fact,
considered in connection with that
other fact that there is a surplus of
currency in the hands of the govern
ment sufficient to meet amy deficit that
may exist or arise in the meantime,
win make it difficult for our Republi-
can friends to point to any adequate
reason for their present tariff legisla-
ton.