Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-05-26

make them sufficiently protective TO
domestic interests without being pro-
hiD.JiVe.
The trainers of the House bill esti-
mate a total revenue from the bill Of
! Sz59. 1O5.7 10 in normal years. This
would be the largest revenue ever re-
ceived from customs duties, and an III
crease Of S113.479,T93 over the customs
revenue OF 1896 and of S70.732. 354 over
that of 1898. The report of the ways
and means committee Of the House
recognizes the fact that anJicipatOry
imDortations will largely reduce the
expected revenues Of the first fiscal
wear under the new tariff. but after
making allowance for these impOrta-
tons the report estimates an increased
income of SIC. Gee. 600 for the year 1898,
provided the law should be passed by
Nav /. If its enactment were delayed
until July the report added that Sl5,-
600. 600 additional would easily be lost
to the public treasury.
1T Will be apparent from a critical
examination Of the provisions Of the
House bill that the estimate OF 500
GEO. 020 increase Of revenue if the bill
should become a law by the first OF
July. was excessive.
HOUSE ESTIMATES TOO HIGH.
ITO in dictate the grounds upon which this
iu1gme1.t is based. we may take the WOO!
and woo'eu schedule from which &i0o0.0G1
o+ $4,000 90 increase is expected. The fact
is well known that there have been I'M
usual mptrtations in wool in anticipation
Of the REIN position Of duty. enough, ac
ca-Ein- % che trade reports, 20 supply all
rho foreign wool needed by the domestic
manufacturers for more than a year. The
statistics on this point justify the belief
that there can be no revenue from the
wool duties during the fiscal year 1895, eX-
cent possibly a small amount from third
class woods The estimate of $l4.oOOooO in
ere So from wooden goods is equally er-
rorsous.
The same condition exists in lesser de-
gree. perhaps. with reference 10 other
schedules. Instead of an increased reve-
nue. from tobacco. We may more safely
count upon a decrease in the first year;
the increase from sugar will be much less
than the ways and means committee es-
climate. owing TO the fact that one quarter
of the years supply Of raw sugar Will
probably Doe imported before any new rates
Of duty can be applied 20 them.
'Tha secretary of the treasury estimates
the expenditures for all purposes for the
fiscal year euding June so, LIS. at Sit5Sif,-
0l-2S. The finance committee estimate the
revenue 10 be derived i'm the same fiscal
year from customs, if the provisions OF the
bin reported by them should be enacted
into law. at $l>2.74t0oo. This includes an
estimated revenue from the temporary
duty on tea Of SSoo0c0o. The committee
estimate the receipts from internal reve-
nue. for the same period at SI10,7eC@. If
We add 10 this the treasury estimate for
miscellaneous receipts on account of the
posroffce. ST.. 90. 076. we have a total esu-
mated receipts for the fiscal year 1895 of
sifq. 61l. 0-6 or an estimated excess of re-
ceints over expenditures for the year of
s. ROOFS
MUST MEET EXPENSES.
IF the estimated revenue from the duty
on tea and the additional internal revenue
taxes should be ommiJted from the COM
ri-tee's estimate of receipts, there would
he an estimated deficiency Of S29.17j.ooo in
stead Of surplus Of g, 725.o2S The COM
-ui-tse believe it TO be the imperative duty
of Congress 10 provide in the measure UNI
der consideration for q revenue which VIII
certainly meet the requirements of the gov
eminent for the next fiscal year The
adoption Of a revenue bill which should
fail in this purpose. and which should
create an immediate deficiency in the i'm
mediate future. and which should require
"a further issue of bonds to meet current
expenditures. would certainly be fatal 10
the hopes of future success of any political
party responsible for such legislation.
I'm selecting the sources Of additional
revenue the committee decided 10 increase
temporarily the tax on articles OF volUa-
tarv use. rather than TO assess additional
duties, which might prove Imperative,
upon articles OF necessity or upon those
which enter into our manufactured pro-
ducts. Assuming thai the necessity for adj
di,ionaI revenue exists. and Of this We be-
ueve there con %, no question. there is
10 economic reason. and certainly none
thai affects the public interests. why beer
and tobacco should not bear their share
Of taxation. The committee believe that
the duty proposed on tea will not prove
serious burden upon the consumers of that
article,
SUGAR SCHEDULE.
II reference 10 the sugar duty. Mr.. AID
rich said
~Tha pressing necessity for securing
greatly Increased revenues seems 70 render
q return 20 the Republican policy of free
'suelr adopted in 1850 an impossibiity.
The demand for revenues proposed and the
b.-ief that every reasonable effort should
ba made TO encourage the production OF
. beet sugar in the United States led ma
io-'ty of the finance committee 10 recon-
mend the hi-h rates upon sugar which arc
retained I'm the biz row before the Senate.
( Il Is believed by the friends OF the beet SUI
tate the example Of Germany I'm the rapid
development OF beet sugar production.
German re7re~s have driven the sugar
refining industry Of Great Britain almost
entirely out of existence. They are invad-
. i~g every sugar market Of the world with
. their produce For months raw b5et sugar
and German C-3Eu'Gted have sold on an
absolute parity OF value. taking only into
account the percentage Of pure sugar con-
tanned I'm each. II We assume the cost Of
refining sugar in the United States TO be
UNFORTUNATELY ore-ho,f a cent per pound.
a-5 r German refined can be sold without
loss en- the same basis with German raws.
b. must bs evider, that The diTersEtiais
suggested in the Senate proposition are NOS
only not excasaiva. nv; the~ ore o"''- ike