The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-26

which Is going on among the leading
nations of the world for Industrial SUI
premacy has brought about improve
ments In methods and economies In
production to an extent which was moi
thought possible few years ago These
new conditions must be taken into nc.
count In considering the rates to be I'm
posed.
No step Backward.
without rslInQuishing one particle OF
our devotion to the cause OF protection,
we feel that we have o right to ask that
the cause shall not be burdened by the
imposition OF duties which are unneces-
aary and excessive. In the readjust-
ment of rates suggested tho committee
| have tried In every instance to make
them sufficiently protective to domestic
interests without being prohibltive.
The trainers OF the house bill esu-
mate total revenue from the bill OF
S26S. i05, 40 In normal years. This would
be the largest revenue ever received
| from customs duties, and an increase oi
Sii3,iI9,793 over the customs revenue oi
1896 and OF SO. ,254 over that OF 1898.
THE report OF the ways and means
committee OF the house recognizes the
fnct that anticipat0ry importations Will
largely reduce the expected revenues oil
the first fiscal year under tho new tar
| IN; but after making allowance for
these importations the report estimates
an Increased income OF SIC. ZOO, 900 for the
year 1885, provided the law should be
passed by May /. II its enactment were
delayed until July /, the report added
that $l5,00O,000 additional would easily
be lost to the public treasury.
After giving In detail the house estl-
mates OF revenue, Mr.. Aldrich proceed
ed.
"It will be apparent from critical
examination OF the provisions OF the
house bill that the estimate Of 100000, 900
Increase OF revenue. n the bill should
become a law by the FIRST OF July, was
excessive.
ITO Indicate the grounds upon which
this judgment Is based, We may take
the wool and woolen schedule from
which 32i ,000, 900 out OF SIGOO0,0OO In
crease Is expected. The fact IS well
known that there have been unusual
impoFtatIons in wool in anticipation ut
the reImportatlon of q duty, enough, nc
cordlng to the trade reports, 10 supply
oil the foreign wool needed by the do
nestle manufacturers for more than a
year.
''The statistics on this point Justify
the belief thnt there can be no revenue
from the wool duties during the fiscal
year 1898, except possibly n small
amount from third class woods. The
estimate ot &ii,O0O.OO0 Increase from
woolen goods Is equally erroneous.
The same condition exists. In lesser
degree. perhaps, with reference to oth--
eF schedules. Instead OF an Increased
revenue from tobacco, We may more
safely count upon n decrease In the
hrst year; the Increase from sugar VIII
be much less than the ways and means
committees estimate, owing TO the fact
that one quarter OF the years supply OF
raw sugar will probably be Imported
before any new rates OF duty can be ap-
piled TO them.
''The secretary OF the treasury estI-
mates the expenditures for all purposes
for the fiscal year ending June 30, 1895,
at 1886, 946.047 Is. The finance commit
tee estimate the revenue to be derived
In the same fiscal year from customs, II
the provisions OF the bill reported by
them should be enacted Into law, at
SlS2, ,TII, 900. This includes an estimated
revenue from the temporary duty on tea
OF s., ,OOO, 900.
''The committee estimate the receipts
from internal revenue for the same per-
iOd at $40. 100000. II we add 70 this
the treasury estimate for miscellaneous
receipts. S2O,OOO,OOO, and the receipts on
account OF the post office, 500, 6,22IOI6, we
have a total estimated receipts for the
fiscal year 1893. OF A69. ,O76, or an es-
tlnate excess OF receipts over eXpendl-
lures for the year OF S2,725,02S.
''If the estimated revenue from the
duty on tea and the additional internal
revenue taxes should be omitted from
the committees estimate OF receipts,
there would be an estimated deficiency
OF S2sl75, 900 instead OF q surplus OF
81, at, ,O2S. The committee believe It to
be the imperative duty OF Congress TO
provide In the measure under consider
alton for n revenue which will certain
ly meet the requirements OF the gov
eminent for the next fiscal year The
adoption OF revenue bill which should
fail In this purpose and which should
create an additional deficiency IN the
Immediate future, and which would re-
0uIre a further issue OF bonds 70 meet
curreht expenditures, would certnlnly
be fatal 20 the hopes OF future success
OF any political party responsible for
such legislation.
The Tea DRty.
''In selecting the sources for nddI-
tIonal revenue the committee decided to
increase temporarily the tax on articles
OF voluntary use. rather than to assess
additional duties, which might prove
imperative, upon articles OF necessity
or upon those which enter Into our
manufactured products. Assuming that
the necessity for additional revenue eX-
lists, and Of this we believe there can be
no question. there 10 no economic reason
and certainly none that affects the pub
lie interests why beer and tobacco
should not bear their shade OF addition
al taxation The committee believe that
the duty proposed on tea Will not prove
serious burden upon the consumers OF
that article.
Nothing in the theory Of protection
lnterfeTes with the Imposition OF further
Internal revenue taxes By protectlOnists
whenever such a course Is found desir-
able for revenue purposes. In the tu.
ture Il Is almost certain that we shall
be obliged 10 depend more and more
upon tnxes OF this nature for necessary
Vevcnuc.
ain the years to come we must expect
n decrease rather than an increase In
the customs revenue TO be derived un-
der the principal schedules OF the tnrln.
with duties adequately protective
upOn manufactures OF cotton, wool,
SILK and lax we may expect constant
Iv dinInishlng revenue from the impor-
tatIops Of these products II the rates
Imposed by this bill ON sugar should be
found TO lead to the rapid development
OF The beet sugar industry In the United
states, we may expect large reductions
year by year from the contemplated
revenue from sugar. Some OF the most
sanguine advocates Of the policy OF en-
couraging beet sugar production In this
country believe that we shall within ten