New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-03
SOME SATISFACTORY FIGURES.


The financial returns of public revenue Tor 'he
month of July the first month under the Few
law entirely sustain the expectations Oh h'
trainers The increase In internal revenue or III
customs receipts cannot be even approximate!
determined by the usual comparison WIN inc
corresponding months last year. because oil Inc
heavy importations and payments al that 'iihe
resulting from the effort to anticipate new o"-
Ties and taxes. The only comparison mat mas
any value Is as 10 internal revenue WIN tue
monthly average for the preceding ilS'ai !'ai'
which was S14.1G9.02). against S26l'o" hc'-
uallv realized in July. gain OF ABOUT ei-'
100000 This would indicate an addl'loh ~
his branch Of the revenue not far snort o'
S144 900 900 for the year. while Chairman pihS
lcy estimated that the new law wouln ao''
about S13S.OOO.O0O. Even this comparison IS
somewhat defective. because IN July Oh "S'
voor tho internal revenue was sweed by inc
oorsoe obovo mentioned while last June II was
also increased by heavy purchases of stamps lor
on3;cnotion Of now taxes But It may be noteu.
on the other hand. that payments III July are
naturally little larger than the average lor
lively" months. o
The customs receipts in July were Slo' lo3'"So'
which Is less than the receipts In july OF hHl
year. owing TO preparations for the ne" '"''i''
but being at the rate of SlS2'ooo'W" !ear'!' q"
quite as large rs was expected Wheh '"' Nv"
tariff was adopted With the monthly h''''sc
Of internal revenue for the last hscal year. anu
the customary monthly average or sZ"o"'o'"
from mIscellapeous sources, this would ''''hc "p
an aggregate revenue Of 1881 900 for thirty
ono DAYS. or n little more than the one m'I'loh
per day required prior TO the war 10 cover orul-
nary expenses Of the Government Inc "isce'.
Lannon's receipts for the last year were sWeieu
ovcr 500 600 900 Ivy sale Of the Union faclhc anu
Kansas Pacific railways. but In the previous
calendar year they averaged over S2,ooo'"" per
month Thus 1t appears that the kepuoh'""
thrift. enacted with expectation OF peace Nus
proyed able to meet It's share Of expenditures III
n time OF peace and that the Republican war
taxes. imposed for the purpose OF ADDING sl"o'-
4s1 3,a, TO the internal revenue in order 10 meet
in part The extraordinary expenses or war; WIN
the provision for raising money ny "o''i"
mont loan has thus far proved little more pro-
ductive than was expected.
The calculation in regard to the Internal reVe-
nuc is the more creditable 10 those who iraiheo
the net because il involved the application OF
many taxes never tried In this country BEFORE
or not tried since the close OF the Civil war;
when conditions were entirely different from
those now existing. Even II the act had ap-
peared or should yet appear to yield Nlo"'"'"o'
more or rs much less than had been anticipated
the calculation would ne considered remarkably
close and cred,ahlc in view OF the weIiKno"h
fact that in times Of peace Treasury estimates
based on existing laws have frequently vane"
from the actual result by larger sum. Inc
reconstruction Of the revenue by III" Kepupil'hh
Congress Of 1S97-0s, first 10 meet the ordinary
needs Of fiic Treasury after years OF Demo
cratic disaster and then TO provide by loan ana
taxes for tho emergencies Of n war which many
expected to disturb all business seriously VIII
remain n signal proof of the capacity OF lhc
party to lcgisac for conditions Of financial dIi''-
Guilty. 10 restore prosperity and 10 cover eA-
traordlnhty Expenditures without retnrding the
development OF industries.