The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1897-06-03

largest VSVSuOO TeCS1VSu ATO1u CUSTOMS Ous
ties and an increase of Sill. 1878 over
the customs revenue Of 1896 and Of SO, 7s2, :
2G over that of 1898" ~
After giving in detail the house estimates
Of revenue Senator Aldrich proceeded: =
1T will be apparent from a critical ex-
bill that the estimate of 100000 increase
of revenue. IL the bill should become a
law by the LIST Of July was excessive. = To
indicate the grounds upon which this judg-
ment is based we may take the wool and
wooden schedule. from which $4. 000. 600 out
OF &c. 900 600 increase is expected. The fact
Is we'll known that there have been un-
usual importations Of wool in anticipation
of the reimposition of duty-enough, ac-
cording to the trade reports. to supply all
the foreign wool needed by the domestic
manufacturers for more than year. The
goods Is equally erroneous. -
1.-THE same condition exists. in lesser de-
gree perhaps. with reference to other
schedules. Instead of an increased rev.
enue from tobacco. we may more safely
count upon decrease in the first year:
the increase from sugar will be much less
than the ways and means committees esti-
mate. owing to the fact that one quarter of
the years supplies of raw sugar will prob
ably be imported before any new rates OF
duty can be applied to them.
1.-THE secretary of the treasury estimates
the expenditures for all purposes for the
fiscal year ending June 30. 1898. at $466.946.-
M7.22 The finance committee estimates the
revenue TO DO derived in the same fiscal
year from customs, If the provisions of
this bill should be enacted into law, at
$1s2.744.000. This includes an estimated
revenue from the temporary duty on tea
Of 100000 The committee estimates the
receipts from internal revenue for the same
period at $170. 100000. II we add to this
the treasury estimate for miscellaneous
receipts. $20, 1000. and the receipts on ac-
count of the post Office, SOC, 227. 076. we have
q total estimated receipts for the fiscal
year 1898 of $469. GIL .076. or an estimated ex-
cess of receipts over expenditures for that
year of $2.725,028 II the estimated revenue
from the duty on tea and the additional
from the committees estimates Of receipts,
there would be an estimated deficiency of
$29. 900. instead of a surplus of $2725. O28
Must Prevent Deficiency.
'-The committee believes it to be the
Imperative duty of congress to provide
in the measure under consideration for
revenue which will certainly meet the re-
Quirements of the government for the
Phs o1
which should create an additional de-
flciency in the immediate future, and which
would require q further issue Of bonds to
meet current expenditures. would certain-
ly be fatal to the hopes of future success
Of any political party responsible for such
legislation. &
Assuming that the necessity for addi-
tional revenue exists. and of this we believe
there can be no question, there Is no ecoA
nomic reason. and certainly none that az
tobacco should not bear their share of ad-
ditional taxation. The committee believes
that the duty proposed on tea will not
prove serious burden upon the consum-
ers OF that article ..:. >
The Hawaiian Treaty.
The senator then took up the Hawaiian
treaty and said: 1.-THE committee will also
prepare and present an amendment to the
house provisions In regard to the Hawaiian
treaty. The existing commercial treaty be-
tween the United States and the govern
ment 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 q bounty to the Hawaiian
sugar producers amounting to more than
s.. 600, 900 per annum. It was not contem.
plated when the original treaty was made.
advantage Of this kind could ever result
from it, terms to the people Of the Sand
wich islands. The effect OF this bounty
would undoubtedly be to stimulate tho
production of sugar In: the Hawaiian.
islands: 7 While We cannot fairly abro-:
country without notice. we believe that me-
gotiattona should at onca; be entered into
looking to such q modification Of the treaty
rs Will reduce the bounty to be paid Ha-
waiian sugar producers to e reasonable
sum. and the COMMITTEES win present an
amendment looking in this direction at
an early day. There should be no dimculty,
IN securing j. through the treaty-makin9a
power such notifications Of the treaty az
Will be- sattsfactoryto boil, countries With