The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-05-27

brought about improvements in method
and economies in production to an eX
tent which was not thought possible a fey
years ago. These new conditions mus
I've taken into account in considering tn
rates 10 be imposed.
Estimate of Revenue.
.The trainers of the house bill est
mate total revenue from the bill o
$3.50. 105,7 10, in normal figures. Thi
| would be the largest revenue ever re
| ceived from customs duties and an in
crease of S113,479,793 over the customs
revenues of 1896 aud of $40, IL, Dbl Owe
those of 1898.
1.-THE report of the ways and mean
committee of the house recognizes tn,
fact that anticipatory importations vii
largely reduce the expected revenues o.
the first fiscal year under the new tariffs
but after making allowance for these
importations, the report estimates al
increased income of $4,000 600 for tn,
year of 1893, provided the law should
were delayed until July /, the report
adds that $15,000,000 additional would
easily be lost to the public treasury"
After giving in detail the house esti
mates Of revenue, Mr.. Aldrich pro
ceeded:
at will be apparent from critical eX-
animation of the provisions of the house
bill that the estimate of SGO,0O0,0OO in
crease Of revenue, if the bill should be-
come n law by the LIST of July, would
be excessive. To Indicate the grounds
upon which this judgment is based, we
may take the wool and wooden schedule,
from which 24,O00000 out of $4,000
600 increase is expected. The fact is
a
impOrtations of wool in anticipation of the
reimposition of duty, enough, accord
ing TO the trade reports, to supply all
the foreign wool needed by the domes-
tic manufacturers for more than year.
'The statistics on this point justify the
belief that there can be no revenue from
the wool duties during the fiscal year
1893 except possibly small amount
from third-class woods. The estimate of
14,OOO.OOO increase from wooden goods
is equally erroneous.
The same conditions exist in lesser
degree, perhaps, with reference to other
Internal Revenue Tax.
schedules.
"The secretary of the treasury esti-
mates the expenditures for all purposes
for the fiscal year ending June 80. 1893,
ut S466,046,O47.2S. The finance commit
tee estimates the revenue to be derived
IN the same fiscal year from customs if
me PROVISIONS OF the Dill reported. by them
I ,no pe enacted INTO law, at SlS2,l44,-
Nv, ms lnciuues an estimated revenue
, t1 400 Ihe temporary uu'y OH tea OF Po,-
oo,ooV'
The. compittee estimates the receipts
rom internal revenue for the same Pc
'iOd at S170,000,000. If we add to this
bn from ncfrnafa 70 all
eceipts, S20,OOO,0OO and the receipts on
recount of the. postoffice, $96, 227 ,O76, we
AVE total estimated receipts for the fis-
al year OF 1898 of S469,G11 ,O16, or an
'stimnted excess of receipts over eX-
'endltures Tor the year of S2,125O2S.
IN selecting the sources for additional
eVenue the committee decided to in
rease temporarily the tax on articles
Il voluntary use, rather than to assess
additional duties, which might prove in
peratlve upon. articles of necessity or
pon those which enter into our manu-
actured products. Assuming that the
ecessity for additional revenue exists,
M or this we believe there can be no
question, there is no economic reason,
no certainly none that affects the pub
0t bear their share of additional taxa
ION. Inc committee believes that the
uty proposed on tea VIII not prove a
eTious purueh OH the consumers OF that
Irtlcie.
III the rates imposed by TINS bill on
ughr should be round to lead to the
Iustrv in The IInitod states wo nav n az,
'ect large reductions year by wear from
he contemplated revenue on sugar. |
'ome of the most sangliine advocates of
he policy encouraging beet sugar pro-
uction in this country believe that we
hall within ten years produce all of our
ugar.
"The legitimate result of a protective |
olicy is to give the American market to |
american producers. When this becomes
II accomplished fact the revenue grow
ng out of protective duties disappear. |
t must be evident, therefore. that we
must look for other sources of revenue. |
Whether it should he along the line of an |
lcrease of internal revenue taxes. such |
s we have suggested, or whether some
ther sources OF revenue should be sought |
~ ~ no' necessary How 10 ue'erInlhe.
saiu ~ ussunie 'nut numerous
nye'soIs wiz uiWu!s ne iounu 10 any
iui, lor incleuseu 'aAa.loii. III inns pur-
euiul e"sy .hc Goiiiilll,,ee Is ony
.Ienuous .ha. WISE pupilc p1icy re-
lures that our revenues shoulu Ut al
mes De equai TO our expenditures, ana
hat the people Oh tne united states VIII
OF ne satsned WIN any revenue meas
re tnat uoes not PROVIDE adequate III
oliie LOT thls purpose
Sugar Schedule.
"Jn,no,.tort choroo, b,,o hoor ,noao IN
cbadnle X both IN ratios IN wool and