New-York tribune., 1896-02-01

deci, under the Wilson law at the end d. Of o the the
month you'd have esen hous by the
evasons OF the law by the highest sworn Smc,aiS n
OF the Government the deficit appears 70 DE o"''
''0V'O''" A STARTLING CONTRAST.
The contrast between the operations OF the wilson
law in It's first seventeen months ana those oi ',e
Mckinley law in its first seventeen months 10
startling The Wilson law, as already lhdicd,eu
has an acknowledged deficiency Of s75,cocW' wnie
, fac, tho deait is over 500 CO., 900: the Mckinley
law in its first seventeen months had surplus o.
over s2s 1876 The receipts under the wilson a~
in It's first , ,s @ whe those Of the
law in Its st seventeen months Months when
rVsn we're III holding back their dutiabe imports
smY n agure the MsKney law did far better than
the Wilson law has done In the ex.rsru,,h nn,,hs The
taseQos parts Of cdsnr s rS
Mcyinley law were s5aco3 32t. against A2e 90 IN IN
round numbers in the first seventeen months OF W rne
Wusor law, Conparing the operations OF the WI. VII
son law In its frst seventeen months with the n'st
seventeen months and the last seventeen u
Re,einfs fret seventeen months Mckin1ey LAW. .aM,
52S2s Last seve1tfen ,sGn %on,hi aM sss ssS Surplus
first seventeen months Mckinney law ,e 9as
h1 ,g to his II must be remembered that had
the sugar bounty ard the alcohol retunu & pee Wlson
aw would have been over 800 100000 instead o.; the
sum indicated above
HOW .srrRPIUsEs" HAVE BEEN SHOWN
In onv three months of the seventeen IN WHO" '"e
Wilson law has been In operation has 1t maze an aP
naren. monthly surplus: in the other fourteen
months there has been monthly deficit me Ur'e
months IN which the law has pro iuced an apparent
s,,rn,us were June 1896 september 1895 and Decen-
her 1865 There were special reasons IN tncse casc'
whv II was mportan, that there should pe an ap-
parent surpas for that particular lnoatn, AL II nr snd
Sired to make the deficiency for me 1scal year enu
ins June 80 lSg, as small possible, ana tnus o.
holding back June expenditures TO reduce tne sp, -
paren, deficiency Of that year d Hav AS go ss @ s
or about two-hrds :he norma. nondhEy eHrer',,- a
t,res and the apparent surplus ot sy3E 40 was pro-
duced That It was an apparent su.p.n.s swtca
month were s3s'fh.tph anu '"c "'"N'-"N' ~ '
month S941s.ye - . - ,,.,.o. - ,rors
the appearance Of surplus was oept'"i,.r' iiS; io;
when interest In the fail elections was a. i's
anI barocra tic orators needed something 20 say III
Jefence Of the Wilson tarN Law. That me pretenhen
"surnlia'' Of that month tSeptemberl was ony an
penses of that month We're only SAoZl ~ ~ ~ %i,se w,
nose Of The month which followed II were &LLAiZ,p,
producing IN thai month d"hr.t ot - go, 30, M =,
vas also important to make the month of December
shnr a anr,,t;e both for It's effect Congress
which had lust assembled and IN order 70 h'fr VI
daNcIorcv OF the calendar year Just ended hH I,sn,
az possible So the expenditures were asaln . ne..
Joun this time to sc5sil.5i1. making the apparent
epr,i,,s for the month si7iG2N That this was pro,
dIcrd bv simply holding down the expenhltutcs am
not hv a genuine surplus of receipts. IL snown ny
The fac, that the expenditures Of the montn o. jan
nary 1896 were H. round numbers >s-,u ~, % -.
nearly 81 oo0.o00 In excess Of those Of December.
Thai The socallei surpluses ~ these three months
in which the Wilson 10 = has appeared 70 accompH.n
something were an srrant nunpnR Is .nD"a ~ .d IA
met ina, the receipts Of those months aveTaFri
nn,v trlGe over s2feD.t)0. while the normal tx
mixtures of the Government are over sV'W"h d
month the year round