The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-02-23

Increased Revenues 20 Come from I'M
known Sources.

known Sources
Secretary Carlisle's reply TO the sem
ate resolution Of inquiry touching the
revenue prospects of the government Is
very explicit as 20 the amount OF money
expected 10 be realized from national
taxation, but IL falls very far short OF
giving the details called for. The reso-
luton was made as explicit as language
could make IL, but the secretary con-
tents himself with assuring the senate
that according 10 the estimate OF the
department the revenues OF the govern
ment from all sources win be, during
the year ending December /, 1895, in ex-
cess Of the ordinary expenditures to the
extent of So, sos, 023.
These figures have the air OF exact
calculation. One would suppose that
the problem had been worked out
with all the precision of mathematical
astronomy. OF course nobody knows
within many millions what the rev.
enue will be, but there Is no reason TO
suppose that the estimate was cooked
up. On the contrary, the usual method
was no doubt adopted for getting at
the probabilities of the case
Especial difficulty was encountered,
however, and unusual uncertainty sur
rounded the calculation owing TO the
income tax. The Carlisle estimate as
sumes that the tax will yield $40, 600, 900
during the year, mostly coming in dur
ing the last half of the year. No doubt
more than this would be realized IL all
incomes over 81 900 paid per cent. on
the excess but, judging from the past,
there will be a great deal of evasion.
The revenue from sugar has been
small thus far, owing TO enormous Inn
ports In anticipation OF the new
tariff. IL Is expected that s35, 900, 600
will be received from sugar, making
from these two sources. which did
not exist under the Mckinley act, $751;
oOO, 600.
The deficit Of January was $1,000, 900.
Az that rate the deficit for the entire
year would be ss4, 10000. Assuming
that the sugar and income receipts
would add TO the revenues SIS, 900, 900
before tho year closed, there would still
be quite large margin to be filed by
increased receipts from other sources.
The difference between those two re-
ceipts and the deficit, based on Jan
airy, would be s0,00O,00O. To not only
overcome that. but add the Carlisle
surplus, would take e3l, 800, 600 increase
from sources other than sugar or in
come. No clew is given as TO tho
sources from which this increase Is ex-
pected TO come.
1t will be observed that even on Mr..
Carlisle's own showing 1t will be sew
eral months before the receipts OF the
treasury will equal the disbursements,
for the income tax is only now being
assessed and actual payments will be
I light until after July. To bridge the
interim Mr.. Reed agrees with Mr..
Sherman and the other republican
leaders in finance that the best way To
do this is 10 issue certificates OF in
debtedncss, instead Of longtime bonds
There seems TO be substantial unity Of
sentiment among the republicans in
favor Of this mode OF providing for the
revenue emergency Of the government,
and the Carlisle estimate will tend to
strengthen the sentiment against the
Cleveland policy and in favor OF the
/ Sherman-Reed policy. Chicago Intor
Y Ocean.