New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-11-13
THE REVENUE PROSPECT.
MR. DINGLEY's BILL INADEQUATE To HE-
L1EvE EXISTING CONDITIONS.
RAPIDLY GROWING DEFICIT CUSTOMS NE
CEIPTs FALL OFF siioOoooo IN FOUR MONTHS
WILL SECRETARY CARLISLE RECON-
MEND AN INCREASE OF THE
BEER TAx?-sENAToR BUT
my TELEGRAPH TO THE TRIbCNE.J

fay TELEGRAPH TO THE TRIBrNEJ
Washington Nov 12-The statement OF senator
Butler of North Carolina that he VIII co-oPeI".e
in the enactment of revenue legislation OH 'e'
lines and that, in his opinion other ropu'''' SEQ
tors will occupy the same attitude. IL W so,
tent reassuring. 1t indicates that 'he rop"'''
leader has learned something from the recent e'ec
,ion and as a shrewd politician. Is willing %
chanee the trim of his political sails In oruer W
take advantage of the prevailing pree%e II " w
do So In conversation with star repo''e, -,
Gently Senator Butler. among other 'h"sH 80 a.,
don't think anybody Will oppose revenue 'hr -
the duty is put on the proper aruc'es' i, "
placed on raw materials. that the protecuoh III
cident to a revenue tariff will be equtapiy us
tributed for the benefit Of the producer VI Ia"
materials as well the manufacturer 'he'e WI"
be no objection II there Is not sumcieh' 'e'o"
to run the Government. some tarin 'es''"'uo" ~
this kind ought to pass at the coming sesS'o''
There ough, also TO be tariff on certain luxuries
as we'll raw materials +,
.'On what Iuxuries do you favor h'gh OF III
creased tarin?' III, j..
~ don't think our Representatives would DC
particular about which articles the duty IN p'"oe"
on provided II IL on such as are consumed ny the
rich who now pay no tax to support the uo'e'"
ment and who will never pay tax to the Govern
ment unless through tarir on Injuries or through
an income tax. $3.50 -
"Do Won think there Will be another night over
the income taxi"
II did not say that. but II the silver men were
in control OF Congress- as they may ne peIo'e
great while they would probably submit 10 'he
| state Legislatures n proposition to restore .he
provision OF the Constitution which the u"''''o"
OF the Supreme Court nuhed
What will be the attitude OF the fopu"s' 'e"-
aors and Representatives on the matters 20" nave
| talked about" IL,
| II believe that what have indicated above VIII
| no the pos,ton OF the Populists and independent
silver men, and they will maintain that positioh IL
long as there Is necessity for Increased revenue
II Is the opinion OF Treasury officials OF long ex-
narience a. II also seems TO be OF Senator Sher-
| man that the Dingley Emergency Revenue Dill u
| enacted in Its present form. would not produce
enough additional revenue. Probably Chairman
| Dingley himself is OF that opinion Indeed. IL may
be remembered that he considered u necessary
| year ago to brig forward "A Complementary m''S
ure which passed the House OF Representatives OH
| February g. The second section OF thi, bill. IN
| order to provide for any temporary deficiency OF
revenues then existing or which might thereafter
occur authorized the Secretary OF the Treasury III
his discretion issue certificates OF Indebtedness
| Of the United States TO an amount not exceeding
so 10000 payable three years after date. ana pear
| ing interest at the rate of per cent per annum
| the proceeds thereof to be used In payment OF
| current expenses Of the Government. and for no
Since that time and especially since the be
ginning OF the current fiscal year the deficit has
| continued rapidly TO increase. Al the end OF the
first four months IL amounted 20 S2ss".'. as com
pared with Sl6 iss 3l5 In other words II doubled
and the figures for the first third OF ne current
| month showed a further deficit OF NE5llo. rs =
matter Of fact, the actual gap between receipts ana
expenditures OF the two periods - consihefhb n
| wider than the above figures would indicate. ne
cause in September 1895, receipts exceeded the eN'
pendltures by the sum OF S.2c 1871. whereas IN sep
tembcr 1896 the expenditures exceeded the re-
CENT. by the sum Of 81 a 29l II is true. however
that the expenditures during the frsi four month
| of this year exceeded by the sum OF HSsasG th'
| expenditures OF the corresponding period OF las'
| year while the receipts were $,o",vn less
| There has not been a month since the beginning
| OF this fiscal year In which the receipts from Gus
| toms have not shown loss as compared win th'
| corresponding months OF last year. ana INC toth
average of s2.79Al55 a month. The receipts OF IN
| ternal make n more favorable showing
the net increase for the first four months OF thi'
| YEAR amounting to $3.50 compared with th'
| corresponding period OF last year. This Increase
| however was unevenly distributed. In July U
| amounted TO 81 4oa.l27. and In October 10 Sieo.
| while I'm August there was loss OF s-I''T an" u
| September one OF &5sos72 The promise held out b,
| the July returns has not been realized.
| with such figures staring II In the face, congress
| when 1t reassembles next month. may decide Una
| something ought be and must he done withou
| delay TO provide additional revenue. IL the presen
| drain on the cash balance I'm the Treasury exclu
| sive OF the legal gold reserve. should continue an
| other tweveTmonths. that balance would he es
| hausted unless repIenished ny ahniIo'hi 'eN'"u
from some source. .
| Several OF the heads OF bureaus in the Treasurl
Department among whom Is said 10 De the com
missioner OF Internal Revenue favor an Increase o
| the internal revenue tax on beer from 81 to =
barrel, but whether Secretary Carlisle favors an'
| will recommend such Increase In his Forthcoming
| report 10 Congress IL not yet known. Unless Their
has been change OF sentiment since last winter
| such recommendation will not be favorably con
| sidered by that body AT the coming session.
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