The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-05-17
WAR REVENUE MEASURE
WILL RAISE MORE MONEY
It Was Made diminished Business and
VIII Be Pressed to Passage as
Soon as Possible-The Presi-
dents First Veto.

Washington, May 1s.-The debate
upon the wal revenue measure was be-
gun in the senate to-day. The opening
statement for the committee on finance
was made by Mr.. Allison of Iowa, III
ranking member in the absence of Mr..
Morrill, of Vermont. 1t was estimated
that the bill as II came from the house
or representatives would raise about
500. DOC. 900 a year. AS. reported from
the senate committee. Mr.. Allison esti-
mates that it will raise $751;. 497, O66. At
the conclusion of MI. Allison's state
ment the bill was made the unfinished
business, and 1t will be pressed to pas
sage as soon as possible.
Mr.. Morgan introduced a resolution
calling upon the secretary of the in
terror for Information concerning the
progress of work on the Nicaraguan
canal. concerning the financial affairs
of the Maritime canal company. The
resolution was agreed to.
The senate voted down an amend
ment by Pettigrew to the local railroad
bill providing that the overnmen
might purchase the load at it's cash
value at any time after 10 years. Mr..
Allison called up the war revenue bill
and made a statement of It's features to
the senate. Mr.. Allison said hat as
the bill came from the house of repre-
sentatives ii was an internal revenue
measure, n as reported to the senate
1t was still an internal revenue meas
ure. Comparatively. said he, there are
no provisions in il for increase of GUS
toms duties. He said that the finance
committee had carefully examined all
or The schedules of the house bill, and
had been led to believe that schedule A.
tstamp taxes) and Il. proprietary arti-
cles) were too general in their scope.
Consequently they had been amended.
On the beer and tobacco taxes in sched-
ules A. and B., and on the tonnage tax
matter, the committee was substantial
ly a unit. Mr.. Allison said further that
in the committee there was no differ
ence of opinion as to the necessity of
the bill. 1t was purely a war revenue
measure.
much money would be required to run
the war during the next fiscal year,
although. he expressed the hope that
it would last only a few weeks or a
few months at most, Mr.. Allison said
that the committee had obtained the
possible estimates from the secretary
of war and the secretary of the navy.
Secretary Alger estimated that his de-
partment would need $50, 1926, 527. To
this sum must be added at least SIS
900, 900 to pay expenses authorized by
congress after the estimate was made.
The estimate of the secretary of the
navy of the expenses of his depart
ment for the same period was SIS, $685.
$50, but in addition to this sum the
amount carried by the naval appropri-
alton must be considered as a part of
the expenses of the navy. In addition
to the $50. 600, 900 already appropriated
as a war fund, which Mr.. Allison an
nounced pa~renthetically had been
practically expended. the forthcoming
general deficiency bill would carry a
deficiency appropriation for the cur
rent year of about $35, 900, 900, and there
is a naval deficiency of about S25 ,275,-
900. The finance committee therefore
figured that it would require a total of
at least 1879. 1872, 900 to pay the expenses
of the war from the present time until
the first of July, 1899, not taking into
account n emergency expense that
might arise at any moment. Mr.. Alli-
son then carefully analysed the ordi-
nary receipts and expenditures of the
government. In the course of this
statement he expressed the opinion
that the estimate of the secretary of
the treasury that the present tariff bill
would this year raise $500, 900, 900 was
too high. In present circumstances
and conditions he doubted whether the
bill would produce more than $50, 000,-
900.
The important question, he said, was
how much money should be provided by
and how much by loans. The
had been willing to increase
the revenue feature so as to insure Sl25,-
O0o. 900. On this point the committee on
finance had been divided. some members
to raise as much as or more than
$50, 900, 900. and he thought that the hill
would produce this amount irrespective
of the democratic amendments. Indeed.
he thought that the bill. as agreed to by