The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-26
needless opportunities for destructive at.

The rates suggested by tho eommit,ccs
| amendment are considerably below tho
imposts in tho house bill and in most in
| stances below those contained In the &C,
| OF 1890.
| Industrial conditions in this country,
with very few exceptions. do no, demand
a return to the rates imposed by the act
| OF 1890 The bitter contest which is going
on among the leading nations OF the world
FOR industrial supremacy has brnugh,
about improvements IN methods and
economies In production 10 an extent
which was not thought possible few years
- There new conditions must BE- taken
: account in considering the rates TO
4 Imposed.
: he trainers OF the house bill estimate q
:. al revenue trem the bill ot $3.50 ilo
: normal years THIS would be the largest
: venue ever received from customs du
( v. anc an increase OF SltS,+ia,ieS over
: ic customs revenue Of 1895 and so. 49,. 25i
. YER that OF 1899,
z The report Of the ways and means com
. nittee OF tho house recognizes The fac,
. hat aniicipatory impcrtations Will largely
! reduce the expected revenues OF the first
hscal year under tho new tariffs. bu, at
ter making allowance fer these impor,a-
tienS tho report estimates AN Increased
4 income OF $40 600 900 for the year OF iSaS.
provided the Law should be passed by May
l. II It's enactment we're delayed until
July the report adds tina, $4,000 900
would eaeily be lost to the public treas
nry."
After giving in detail the house estimates
Of revenue. MIR Aldrch proceeded 1t viii
bn apparent from a critical examination Of
the provisions OF the house bill that the
estlmste Of $50 600 600 increase Of revenue,
II the hill should become law by the
LIST 81 July would be excessive.
To indicate the grounds upon which
hi Ntt4, snf.g
wool and wooden schedule from which
t2t noe 600 out Of $50 cot. 600 increase Is eX-
pcc,ed Tho fac, Ia wcll known that thore
have been unueual impor,a,Ions Of wcol
IN anticipation of the reimposition OF u
duty enough, according To the trade No.
ports, TO supply all the foreign wool needed
by the domestic manufacturers Tor more
than yesr.
The statistics ON this point Justly the
belief that there van be no revenue from
thu wool duties during the hscnl year 1898
except possibly a small amount from third
class woods, The estimate of slioo0. 900
increase from wooden goods Is equally or
roneous
The same conditions exlat in lesser de-
gree. perhaps. with reference TO other
schedules
The secretary Of the treasury estimate.
the expenditures for all purposes for the
fiscal year ending June 20, 1888. at sia6.-
the revenue TO be derived in tho snme
fiscal year from customs, n the provisions
Of the hnl reported by them should be
eusttcd into laM. at SS2.ii0oo. THIS In
cludrs an estimated revenue from the tenn
porary duty on tea OF 5000 0oO
The committee estimate The receipts from
Internal roycnuo for The same period at
$40 coo 0oo II We add to this the treas
ury estimate FOR miscellaneous rorcipis.
$40 600 GOO and the rcceipts on account OF
the .postofiic 500 221 ,0lG. We have total
estimated receipts for the nscsl year OF
1888 OF Si6e. 61l 0'6. or an estimated eSccas
| Of receipts over expenditures for the year
of S2,72b,02S
In selecting The sources Tor additional
, revenue. the committee dcoided tn increase
temporarily the taX on articles ot Noiun
tary use rather than to ASSESS additional
duties. which might prov" imperative,
, upon articles OF necessity or upon thoso
which enter into our manufactured pro =
ducts Assuming that the necessity Tor ad-
ldlionni revenue csists--Rnd of this we he
Iievo there can be- no question there IL no
economic reason. aud certainly none That
affects the public interests. Nhy benr ahn
tobacco should not bear their share of al
/ ditloual taxation Tho committee believes
that the duty proposed on tea will not
provo Il Serious Duiuch on ln' tuHs""'N''
OF thBt article.
N the rates Imposed by this bill on sugar
should he found to lend 10 the rapid de-
volopment Of the beet Rgar Industry ~
! The United States. We may expect IhIs' re-
duritous year by year from the contem
plated revenue from sugar. some ul Wv
! most saurulne advocates Of tho poiley 81
encouraging beet sugar production IN thi'
country believe that We shall "iihln 'eu
WEARS produce all Of our sugar
The legitimate result Of a protective poi
lev is to give the American market W
/ Ia ID
American producers. When thh n'uoi ,
an ACCOMPLISHED fact the revenue GROWING
out OF protective duties disappears II
n,,s, be evident. therefore, that wo must
look for other sources Of revenue Nhetn-
or II should he along the line OF an Increase
OF Internal revenue iaNcb. hueh as W.
} have suggested or whether some oihrf
sources Of revenue should be sought ~ ~
not necessary nov to determine.
1, tx safe to assume that numerous on
ierlors will always be found TO any pan
for Increased taxation. In THIS particular
rasc th,. committee ~ only strenuous TINT
wise public policy requires thht orr Wv
.nues should at all times be equal to our
axuenditures and that The people of the
United states VIII not he satisfied win
any revenue that does no, provide adequate
income for this purpose.
I'm the sugar schedule. H., we have suR-
eo.tod a change In rates and IN the manner
"a nssagsinr the duties. As ihn schc'u'e
a. n very important one, II seems proper
thnt | should cxplain definitely the erect
Of the provisions We recommend
The annual consumption ~ sugar IN tho
limited states Is about 2DO0pb gross tons
NJ 2qi0 pounds each. With value based on
foreign prices approx lmating 800 900 900
, / n the nigh duties proposed in either the
house or senate bill should he adopted
he annual cost Of sugar 10 CONSUMES VII
no more than $3.50 100000 OF the con
. su,npticn Of 1886. 10000 tons. or per cent
,.n,a h,.,, surars prnduced in the United