Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1897-05-27
@1S2, ,744,OOO. This includes an estimatet.
revenue from the temporary duty on tea


revenue from the temporary duty on tea
Of $4,000
The committee estimate the receipts
from internal revenue for the same
period at $17O, 700, 900. If we add to this
the treasury estimate for miscellaneous
receipts, $2O, ZOO, 900, and the receipts on
account of the postoffice, $96, ,227, ,O76, we
have total estimated receipts for the
fiscal year 1898, of e489, ,671 ,O76, or an
estimated excess of receipts over expen.
ditures for that year, Of $2,725, ,O2s.
If the estimated revenue from the
duty on tea, and the additional internal
revenue taxes should be omitted from
the committees estimates Of receipts,
there would be an estimated deficiency
Of @29, ,l75, 900 instead Of . surplus Of
e2,725,O2S.
In selecting the sources for additional
revenue, the committee decided to in.
crease 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 man.
ufactured products. Assuming that the
necessity for additional revenue exists,
and Of this we believe there can be nc
question, there is no economic reason,
and certainly none that effects the pub
lie interests, why beer and tobacco
should not bear their share Of additional
taxation. The committee believe that
the duty proposed on tea will not prove
serious burden upon consumers of that
article.
Nothing in the theory of protection
interferes with the imposition of further
internal revenue taxes by protectionists
whenever such course is found desira-
BILE for revenue purposes. In the future
it is almost certain that we shall be
obliged to depend more and more upon
taxes Of this nature for the necessary
revenue.
Mr.. Aldrich then briefly explained the
various important schedules beginning
with sugar.
The Hawaiian Treaty.
The senator then took up the Hawaiian
treaty, and said: "The committee will
also prepare and present an amendment
to the house provisions inregard to the
Hawaiian treaty. The existing com
mercial treaty between the United
States and the government of these
islands provides for the free admission
of raw sugars, the product Of the islands,
into the United States. II this treaty
should remain in force it would result in
giving bounty to the Hawaiian sugar
producers, amounting to more than
q, ,OOO, 900 per annum.
There should be no difficulty in secur
ing through the treaty-making power
such notifications Of the treaty as viii
be satisfactory to both countries without
injury to either. It certainly cannot bt
expected that the United States viii
continue for any length of time to pay a
bonus of seven or eight millions of dol
lars per annum as an inducement to any
foreign country to trade with us. las
sumo there will be no difficulty in Sc
curing proper notifications Of the treaty
80 that it will not be necessary for the
government Of the United States to give
the one year notice of its abrogation, a!
provided for by its terms.
Senator Vest followed Senator Al
drich in vigorous speech against thu
Republican tariff policy.