The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1897-05-27
Vests Speech Followed Aid
rich's Statement.
no NEED OF MORE REVENUE.
The Missouriau Thinks the Money Raised
by the Last Bond Issue Would Fill the
Present Gap-AIdricI's Long Explana-
tlon-Cannou Also Spoke.

esbiuhJeS Vi Jne HOuSS Dlil ny lJS lThh'
ers Of $50, 100000 increase of revenue
II the bill should go into effect July 1,
was excessive.
Mr.. Aldrich pointed out as one ex-
ample the wool schedule, from which
$24, 200, 900 out of $40, 900. 600 increase
was expected. The importations in an
ticipation of tariff changes, would
make importation for year unneces-
sary, which would cut of this revenue
almost entirely.
Said he: 1.-THE secretary of the
treasury estimates the expenditures
for the fiscal year ending June 80, 1893,
at S488, ,946, ,047.2S. The finance COM
mittee estimate the revenue to be de-
rived in the same fiscal year from Gus
toms. if the provisions of the bill re.
ported by them should be enacted into
law, at 1882, 1000. This includes an
estimated revenue from the temporary
duty on tea of sS,000,0O0 The commit
tee estimate the receipts from internal
revenue for the same period at $780,
100000 Ii we add to this the treasury
estimate for miscellaneous receipts,
$50, 900, 600, and the receipts ON account
| of the postotfice, $96, ,227 ,076, we have q
total estimated receipts for the fiscal
year 1898 of $469, ,67l ,076, or an esti-
mated excess Of receipts over expend-
itures for the year of 81, 725,02S.
"If the estimated revenue from the
duty on tea aud the additional internal
revenue taxes should be omitted from
| the committees estimate of receipts,
there would be an estimated deficiency
of 500, l75,0OO instead of surplus Of
| $2,725, ,02S. The committee believe it
to be the i'm 1erative duty Of congress
to provide in the measure under con-
sideration for IL revenue which will
certainly meet the requirements of the
government for the next fiscal year.
Assuming that the necessity for ad-
ditional revenue exists, and of this we
believe there can be no question, there
is no economic reason, and certainly
none that affects the public interests,
why beer and tobacco should not lear
their share of additional taxation. The
| committee believe that the duty pro-
posed on tea will not prove serious
burden upon the consumers of that
article"
In reference to the sugar duty Mr.
Aldrich said
1.-THE pressing necessity for securing
! greatly increased revenues seems to
| render q return to the Republican
policy of free sugar adopted in 1890 an
impossibility The demand for reve-
nues proposed and the belief that every
| reasonable eifort should be made to en-
courage the production of beet sugar in
the United states led majority of the
| finance committee to recommend the
high rates upon sugar which are con-
tanned i'll the bill now before the senate.
"importanJ changes have been made
in schedule X, both on the rates on
wool and manufactured woolens.
"In dealing with the wool schedule
| the committee has suggested more lib
eral rates to the domestic woolgrower
than it has recommended for the pro-
| ducer of any manufactured article in
the schedule. 1t has also suggested for
him more effective protection than he
has ever received under any tariff of
the United S ates at the time of it's en-
actment. The wool grower is given the
benefit of specific duty upon all
classes of wool. Under the operation
of this fixed specific duty the amount of
protection afforded will increase with
each new decline in the foreign value
| of this new material.
THE cOnmi tee has aimed to give
the wOOnIowers rate of duty which
will average from 10 TO 20 Der cent
| higher than the rates If earlier tariffs
In doing this It has given a higher pro-
| lection upon the laW material than
upon the manuiaCtureu product in
every Cas'.
Every careful consideration has been
given to the COnl lJnsutCry Cuty on
woolen goods. with th5 result of reduc-
ing the compensatory rates on low
grade gCOus, into whose manu- aCture
more or less other materials than wool
enter. On the high grades compensa-
tory duties are fixed on the same basis
that has obtained in all previous tariffs.
1.-THE house bill rate of 32 per cent
on carpet woods costing less than 13
cents pound has created more agita-
| tion and opposition than any other
feature of the wool schedule. 1t is al
legged by the woOlgrowers that this low
rate OF duty on carpet woods destroys
the eHec iveness of the protection
afforded upon the higher grades of
wool, by reason of the temptation it
offers to import these low woods to be
used in cheviots, golf suitings and other
popular fabrics which do not require
fine woods.
ITO remove all possible ground for
complaint on this score they have fixed
the duties on class woods at cents q
pound under 10 cents in value and at Z
cents O pound over that valuation.
Under these duties the ad va orem
equivalents will range on the various
clips from 30 per cent up to go per cent,
and, in some instances, 20 per cent, and
they are hl5her than in any previous
law. 1t is certain that under these
duties foreign carpet woods cannot be
imported TO take the place of domestic
woods in the cloth manufacture.
cat the time the bill was reported
the committee stated in their behalf
that an amendment looking to the
more rapid development and extension
of reciprocal trade with foreign coun
tries would be reported from the com
mittee at later day. The committe,
have not yet found the opportunity :,
prepare such an amendment. It seemed
to them that the provisions of the hons,
bill in this respect would not Prov
effective. 1t is the purpose OF the com
mittee to prepare provision which
will enable the government of tn
United States, wlthin certain fixe'
limits and without further legislativ
action, TO enter upon arrangements o
TO negotiate reciprocity treaties LOOKING
TO an extension of our foreign trade.
Mr. Pettigrew presented the amend
ment OF which he has heretofore givel
notice that when articles are manufact
ured by a trust articles of such charao
ter imported from abroad shall be fre
of duty. He said he would ask it
consideration Immediately after tn
committee amendments.
Mr.. Vest, Democratic member OF tn
finance committee, was then recoR
sat1aA laHJa k.nxU - ba QaiA fttha dQs