Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1897-05-27


year. the adoption Of a revenue bill
which should fail in this purpose,
and which should create an addition
al deficiency in the Immediate future,
and which would require further
issue ot bonds to meet current eNpend-
itures would certainly be fatal % the
hopes oI future success OF any polit-
ical party responsible for such legisla-
ton.
After Swing in detail the house es-
Inmates of revenue. Mi, Aldrich pro-
ceeded
1T Will be apparent from Il critical
examination of the provisions Of the
house bill that the estimate of SA0,-
o00,0 0V Increase of revenue, ii the bill
should become law by the first OF
July, Was excessive, Instead OF an in
creased revenue from tobacco. we may
safely count upon decrease in the
first year, the increase from sugar VII
be much less than the ways and means
committees estimate. owing To the
fact that one quarter of the years sup
plies of raw sugar will probably be
imported before any new rates of duty
can be applied to them.
The secretary OF the treasury esti-
mates the expenditures for all purpo-
SEES for the fiscal year ending June 30.
1898, at S466 ,94G.0i7,2S. The finance
committee estimates the revenue to
be derived in the same fiscal year from
customs. il the provisions of the bin
reported by ii should be enacted
into law, at SlS2,14i,o00, This in
cludeS an estimated revenue from the
temporary duty ON tea OF $4,000, 900.
in selecting the sources for addt-
to increase 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 en-
ter into our manufactured products,
Assuming that the necessity for addi-
tiouHl revenue exists. and OF this we
believe there can be no question,
there is no economic reason, and Ger
tainly none that affects the public in
terests, why beer and tobacco should
not bear their share of additional tax
alton.
In the years to come we must eN-
pect decrease rather than an in
crease In the customs revenue to be
derived under the principal schedules
of tariff II the rates imposed by
lead to the rapid development of the
beet sugar industry in the United
States. we may expect large ~ auctions
year by year from the contemplated
revenue from sugar. Some of the
most sangune advocates of the policy
of encouraging beet sugar production
in this country believe that we shall
within ten years produce all of cur
own sugar"
The senator then took up the lla
waiian treaty and said:
"The committee will also prepare
and present an amendment to the
house provisions in regard to the Ha-
waiian treaty. The existing CONNER
cial treaty between the United States
and the government Of these islands
provides for the free admission Of raw
sugars, the product Of the islands, In
10 the United States While we can
not fairly abrogate treaty of this
kind with a friendly country without
notice. we believe that negotiations
should at once be entered into looking
to such a modification Of the treaty as
will reduce the bounty to be paid Ha-
waiian sugar producers to reasonable
sum"
Senator Aldrich explained the chan
'es which the senate committee
had made In the sugar schedule. He
said that the bill ms IT came from the
house contained extensive discrimina-
tons and that the imposition Of high
duties upon low grades would exclude
them from this country He referred
to the sugar trust as follows
"The fact that the business az con
Quoted today Is In comparatively few
hands and that large portion Of It II
carried on by one company, while II
furnishes a reason for unusual care In
the adjustment Of the rates In order
that no undue or unfair advantages
shall be given to sugar refiners, should
not be allowed to furnish a pretext
in the preparation Of tariff bill con.
strued upon protective lines for tho
destruction Of a great industry. II Is
, therefore incumbent upon ns to show
that no protection Is given the re-
fning interests by the proposed SEIZED
ulo beyond that which Is adequate foi
the continued existence Of the business
Of the United States"
Senator Vest followed Senator Aid
rich In a vigorous speech against the
republican tariff policy. Senator Vest
inquired why, II there was now SUI.
ticient revenue for the expenses Of the
government the republican party
should adopt tho policy Of Its oppo-
nent and put tax on tea. He urged
| that there was in the treasury more
money than when President Harrison
turned 1t over TO Grover Cleveland