The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-26
TARIFF IS TAKEN UP
Continued from First Page.)

IN tariff policy there can be no certainty
. of prosperity, for Industrial conditions in
this country, with very few exceptions,
do not demand a return to the rates i'm
posed by the act of 1890. The bitter con-
test which is going on among the lead
ang nations of the world for industrial
supremacy has brought about improve
ments IN methods and economies in pro-
'duction TO an extent which was not
Thought possible few years ago. These
snew conditions must be taken into &C
count in considering the rates 10 be
imposed.
Without relinquishing one particle Of
our devotion TO the cause Of protection
we feel that we have a right TO ask that
The cause shall not be burdened by the
imposition of duties which are unneces-
sary and excessive. In the re-adjust-
ment Of rates suggested, the committee
has tried in every instance 10 make them
sufficiently protective TO domestic inter-
ests without being prohibitive.
HOUSES ESTIMATES.
Inc Trainers OIL the mousse Dill -eStl-
mate a total revenue from the bill of
1888, los, 10 in normal years This would
be the largest revenue received from
customs duties, and an increase Of
S113. 7S3 over the customs revenue Of
1896 and Of $40, 1872 ,254 over that Of 1893.
The report Of the ways and means
committee of the house recognized the
fact that anticipatory importa tons will
largely reduce the expected revenues Of
the first fiscal year under the new tariff,
but after making allowance for these
smportations the report estimates an
Increased income of SIG, oo0, 900 for the
year 1858, provided the law ehould be
passed by May 1. If It's enactment were
delayed until July /, the report adds
$4,000, 900 additional would easily be lost
TO the public treasury"
After giving in details the house esti-
mates Of revenue Mr.. Aldrich proceeded:
TT VIII be apparent from critical
examination of the provisions of the
house bill that the estimate OF 81 .ooo. 900
increase Of revenue, of the bill should
become law by the first Of July was
excessive
To indicate the grounds upon which
this Judgment is based We may take the
wool and wooden schedule. from which
S24,O0a,0O0 out of 81, 1000 600 Increase is
expected The fact is well known that
~nere nave been unusual importations Of
wool IN anticipation Of the re-lmposition
OF a duty-enougn, according To the
trade reports, to supply all the foreign
htyf 1<a a
urers Tor more than year.
The statistics on this point Justify the
peiief that there can be no revenue from,
che wool duties during the fiscal wear
1888. except possibly a small amount
from third-ciass woods. The estimate y,
Si4,eOO increase from wooden goods "a
equally erroneous.
Inc same condition exists in lesser de-
gree perhaps, with reference TO other
schedules. Instead of an increased rep
enue from tobacco, we may more safely
COUNT upon a decrease in the first year:
sne increase from sugar will be much
!ess than the ways and means commit
Tee estimate. owing 10 the fact that one.
quarter Of the years supplies of raw SUI
gar Will probably be imported before
any new rates of duty can be applied 10
them.
OTHER ESTIMATES.
The secretary Of the. treasury esti-
mates the expenditures for all purposes
Tor the fiscal year ending June 80. 1895.
at s46S,s4s,0472s. The finance commit
tee estimates the revenue to be derived
In the same fiscal year from customs.
If the provisions of the bill reported by
them Should be enacted into law. at
Els2,744.000. This includes an estimated
revenue from the temporary duty of tea
of IS, 0O6. 900.
The committee estimates the receints
Tor internal revenue for the same period
a N7o, 100000. If we add to this the
treasury estimate foR treasury receipts
S20.000,00o. and the miscellaneous re-
eeipts on account Of postoffice 500. 277,-
U16, We have a total estimated receipts
for the fiscal year 1893 of 1863. 67f .o7s. or
an estimated excess OF receipts over ex-
penditures for the year of s2,725.02S.
III the estimated revenue from The
duty on tea and the additional internal
revenue taxes should be omitted from
there would be anestimated deficiency
OF $29,175-000 instead Of a surplus of So
12o.2S. The committee believes il TO be
The imperative duty of congress 70 pro-
vide in the measure under consideration
Tor revenue which will certainly meet
the requirements of the government for
the next fiscal year. The adoption of a
revenue bill which should fail in this
purpose and which would create an adj
dftionai deficiency in the immediate gu
ture and which would require a further
Issue OF bonds to meet current expendi-
tGres would certainly be fatal to the
hopes Of future success OF any POLITICAL
party responsible for such legislation.
BEER AND TOBACCO.
TN selecting the sources for addition
ri revenue the committee decided TO in
crease temporarily the tax on articles
OK voluntary use rather than 10 assess
additional duties which might prove in
operative. upon articles of necessity or
upon those which enter into our manu-
featured products. Assuming mat the
necessity for additional revenue exists.
and OF this zee believe there can be no
question, there is no economic reason.
and certainly none that affects the pub
lie In this, why beer and tobacco should
not bear their share of additional taxa
zion. The committee believes that the
duty proposed on tea viii not prove A
serious burden 20 consumers OF that az
ticle.
Nothing in the theory Of protection
.nterferes with The further imposition Of
Internal revenue taxes by proteciioa!sts
whenever such a course is found desira-
bic for revenue purposes. In the future
81 is almost certain that we shall be o.
Lced 10 .iepend more and more r,o,p