New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-12-22

reserve Of sloooN.oO 1861 1906 an increase %
sI2lss The excess Of eSpendituIes over TeScS
during the fiscal years 1894 ard 1928 was so'''"-V
ana AT S1s11,S respcc'ey making IN, ,o nrdi,,ry
sources OF revenue during the three years Si@Sh'-
The ordinary expenditures of the Govcrnmeni'
including pensions and interest on the pubic d.p,,
fiscal year which closed on the goth day oi jan.
sss s3ssss less than in 1874 and acl2s' f1o or
the ordinary sources OF revenues including 1ie
.c5 greater than in 1894 and for the year 1896 they
were slslc2'9 ' greater than in 1872 making an as-
ss The Increase e' IN the pecep i' from
during the year 1886 SIS sO3 81 over the receipts
OF the receipts for 1885, but during the FIRST Ave
months OF The current fiscal year the rcce'pis from
corresponding five months Of last year. while tne
sIss resulting lii s n decomcy ' Oh s s' on
the first day OF December. The decrease in the
N2.sS,2H. while the receipts from internal taxes
We're about the same during the corresponding
cedng December l. 1915. the total value our i'm
portations dulable and free. was sll6MoGo less
man during the corresponding eleven months =,
the calendar year 1876, the decrease in free goods
sfirs , ss ard in dTtiabe goods $1,000
CURED In ne first i've months Of the present. fiscal
Sol:%, in free goods and Sis1o~" in dutiahlc
1t is believed that a careful consideration of the
existing situati and conservative reliance upon
improved business conditions in the future fully
cics for the current year and for the year 1855 will
rot be realized unless our public expenditures shall
be very materially increased by acts of Congress.
ana that. with proper economy In administration
ana sucn reductions IN appropriations as might be
receipts will be equal 10 the disbursements in 1893.
Treasury is such that revenue legislation Is
immediately necessary or can become necessary for
promptly 10 meet all It's ordinary obligations Al
hough The receipt; from the ordinary sources OF
less than the expenditures there have beer AZ all
times sufficient available funds in the Treasury TO
maintain an efficient public service and discharge
the current obligations Of the Government ana no
public creditor has been DELAYED IN the collection on
his claim; nor has the business OF the country ever
been disturbed by dob. concerning the ability Of
the Government TO defray It's ordinary expenses.
THE CURRENT YEARS DEFICIENCY.
Much the greater part Of the estimated deficiency
for the current fiscal year has already been in
CURED and has been paid leaving stlll in the Treas
ury on December = balance of s.25,S57.c9'. which
after deducing the gold reserve Is about soo,@oc)
more than is necessary as a permanent funn to in
operations Of The Govermmcnt. The fact tl,at this
money was no; collected by taxation hut WAS pro
cured 10y the issue OF bonds for q purpose other
than the payment Of ordinary expenses, docs no.
affect the situation In the least When Inc gold
secured by the issue OF bonds - rcpleniah the :c-
serve has been used FOX the redemption OF notes,
the notes redeemed received AMI held IS par,
public purposes to which they car be legally ap-
pied the nqney being actually N me treasury;
necessary. to defray tn" expenses Of the Govern
to AFFORD an apparent reason FOR inc iinpo"ion 81
additional taxes upon the peoil" TINS ayhi"r.r
ing interest, ana as its permanent retention IN the
Treasury IAN Dc OF 30 'GEhhe 10 . ri
why 1t should not De expended II required. befor"
our trade and industries are subjected TO new or
increased burdens.
What is most needed az present i. not more
penditurcs The great Increase in the ordinary
expenditures OF the Goyelninent drrnF the I l,
years has been without precedent in our his
tory in times Of peace. and presents u subjrc;
which imperativey demands the most serious CON
sideration OF Congress; An examination or inc *
pcnditures and the objects for which they were
isswi hon srRE i%e r 5 aSnu
mcnts account Of civil and miscellaneous items
sss $50 7sl on account Of the Navy Departren, sI6.
s3saes; account Of Indians a.2js.7so on account
on the pubic debt si6.0o.55s while the average
of for the same Objects during
partment. s;a577c,7 for the Navy department. 81
i6l. and for interest on the public debt. s2@,%n.
the last perod over the cxpcndiiiircs for the sar
purposes during the first period wa: For ci'i and
partment. slosl6s5G; Tho Navy Department Sill
o: 4?S; for Indians. S3s@jl5 and for pensions. So
for interest on the public debt which 81 75j,ell
ess per a no ta u nB nf ho perod
sary extension or substantial improvement in our
public service 10 justify these enormous increases
I'm expenditures and In my opinion have
reached situation which not only forbids the IA
ment our annual outlay but which obviously de-
mands a thorough revision iI Of our permanGn,
economy in future annual legislation upon this
subject.
FUTURE NEEDS OF THE GOVERNMENT.
But unless annual receipts are increased by
improved business conditions our annual cx-
pendtures are reduced. time will arrive when
provision must be made for additional revenue: ana
if the expenditures of the Government shall be in
creased b. an act of Congress. the necessity for
such measure will arise earlier than the present
situation seems indicate In view Of this possible
contingency, II will not be Inappropriate 10 subml,
q few suggestions concerning the general policy 10
be adopted IN making provision TO meet tho future
century our tarif legislation mas been designed to
a great extent at least, 10 accomplish objects other
The protection OF capital invested In our native
dustres and the protection OF labor employed In the
United States against the competition of the prod
Of foreign industries ana foreign labor have
cases and urged rs jns,iiicaton Tor rrogressive
increases OF tariff taxes and commercial resiric-
lions. when revenue was not needed. or when the
rates imposed were made SO high as TO reduce the
asc.hed in order @ ns msh
retained increased and the necessities OF thr
Sssn ana he Of Pave
tcrests
customs and internal taxes exceeded it's expend!;-
nrss The fact tha' Pr0eS ces ds weTc 81
who observed the practical operation Of the system
but the situation has been materially changed since
1892 and hereafter 1t will not be possible to sacrifice
revenue TO protection without seriously emnIrrass-
ing the fiscal affairs OF the Government by deprv-
ing Il OF income sufficient 10 dcfray its necessary
expenditures. If the usual proportion OF this in
come Is hereafter TO be derived from taxes on i'm
9oned as the basis Of our legislation upon the sub
tect and a well-considered and consistent revcnue
system must be substituted I'm It's place; and In
opinion this he done without material injury to
any trade industry now existing In this country.
The da niger OF n large foreign competition In our
home market and the alleged injurious effects of
such competition upon the interests Of domestic
laho
The past but are less now than at any time hereto
fore and must continue 10 grow less hereafter.
The number OF people engaged In gainful occupa-
tlons Increased from l1.Se2Mo in 1872 TO 2'5J6l IN
1900 gain 5343.J52; and while the incr'as" In all
during the ten years WINS 3ll2 n.r