Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-05-25
.-..$1S2, 744,Upj

Iotai 1852, IA, UD
THE committee estimate the receipts
from internal revenue for the same period
at $1O.IW,O0. If we add to this the treas
ury estimate for miscellaneous receipts
S20,OOO0OO, and the receipts on account of
the post office. SOC 227 ,O76, we have a total
estimated receipts for the fiscal year 1897
of $i60,611 .016, or an estimated excess of
receipts over expenditures for that year of
$2,725, O2S.
Increased Internal Revenue Recefnts
In estima ting the receipts from internal
revenue for this year we have added to
the usual receipts from this source 81, BOO
WN-thH estimate of the internal revenue
bureau of the addition al revenue which Will
be derived from the increase in taxes on
feimented liquors, cigarettes, tobacco and
snIh. provided by the suggested amend
menfs. 1t Is suggested that the additional
tax n fermenteo liquors and the duties Oh
tea should be imposed until January /.
1!wo. by which date it is believed the bus
II ess CT the country will have adjusted
itself to the Few tariff, and the Gus toms re-
ceipts and internal revenue taxes will SUBJ
ply ample revenue to meet the expenses Of
the government.
IF the estimated revenue from the duty
on tea and the additional internal revenue
tG XeS should be omitted from the commit
tees estiE ates of receipts there would be
an estimated deficiency of s29,175 600 in
stead of surplus of s., 72502S. The com
mittee believe Vt to be the imperative duty
of Congress to provide in the measure I'M
der consideration for a revenue which will
certainly n Get the requirements Of the gov
ernmepi for the next fiscal year
The adoption of a revenue bill which should
fail In this purpose, and which would
create ar additional deficiency in the imme-
diate future. and which would require a
further issue of bonds to meet current ex-
penditures, would certainly be fatal to the
hopes Of future success of any political
party r. sponsib1e for such legislation
Why Beer and Tea Were Selected.
I'm selecting the sources for additional
revenue the com.nittee decided to increase
temporarily the tax on articles of volun-
tary use, rather than to assess additional
euties which might prove imperative upon
articles of necessity or upon those which
enter into our manufactured products. AS
Stunning that the necessity for additional
revenue exists, and of this we believe there
can be no 81 estion. there is no economic
reason, and certainly none that affects the
public 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 a
serious burden upon the consumers of that
article.
Nothing in the theory of protection in
terferes with the imposition OF further in
ternal revenue taxes by protectionists
WEeneyer such course is found desirable
for revenue purposes. In the future il is
almost certain that We shall be Obliged to
Cepsr more and more upon taxes Of this
nature for necessary revenue.
IN the years to come we must axnect a
decrease rather than an increase in the
Customs revenue to be derived under the
principal schedules of the tariff. With
duties adequately protective upon manu-
features of cotton, wool silk and flax We
may expect a constantly diminishing rev
erue from tae importatfcns Of these prod
ucts. II the rates improved by this bin on
FL gar should be found to lead to the rapid
development of the beet sugar industry in
the United States we may EXPECT large re
auctions year by year from the conteza-
plated revenue from sugar.
Mny Produce All Our suxnr,
Some OF the most saneIine advocates
Of the policy of encouraging beet suR.r
production In this country believe that we
shall within ten years produce all of our
sugar.
The legitimate result OF = protective
policy IL to give the American market to
American producers. When this becomes
an accomplished fact the revenue growing
out OF protective duties disappears II
must be evident. therefore. that we must
look for other sources Of revenue Wheth-
err 1t should be along the line of an in
crease OF internal revenue taxes. such as
we have suggested. OF whether some other
sources OF revenue should be sought II IL
not necessary now to determine.
1t Is safe to assume that numerous oh
jec:ors Will always be found to any plan
for increased taxation. In this particular
case the committee are only strenuous that
wise public policy requires that our rev
enues should at all times be equal to our
expenditures, and that the people OF the
United States win not be satisfied with
any revenue measure that does not pro-
vide adequate income for this purpose.
ny yarisss Schedules.
Mr.. Aidrich then took up the various
schedules and. explaining the changes
made, SAID:
The rates In the chemical schedule are
lower than those in the act Of 1880. In