Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1899-03-31
ECEIPTsOFREvENUE
ExceLLeNr SHOWING OF THE
olNoLEv TARIFF LAW.

EXCELLENT SHOWING OF THE
0lNoLEY TARIFF LAW.
It 10 Producing Even More than Was
Anticipated aud lts Operations Are
lisa Every Way Successful and eatis-
factory.
To those who have 80 ~pcrsistently
prevaricated concerning the revenue
producing capabilities of the Dingley
law 1t will be unwelcome news that the
customs receipts of the Government,
exclusive of those from ten, are now
running ut the rate Of $4,000 per day,
or considerably more than one-half the
average daily expenditures during the
five years prior to the beginning Of the
extraordinary expenditures due to the
war with Spain.
The Bureau Of Statistics Of the
Treasury Department has just COM
piled some figures on the customs re-
ceipts Of the Government since the be-
ginning Of the fiscal year 1893, thus
Including the operations of three tariff
laws. These figures show that the to-
tai receipts from customs during the
fiscal years 1893, 1894, 1896, 1896 and
1897 $s23.9OS.O44, or an average
Of $451,458 per diem during that five
years period, three of the years In
question having been under the Wilson
German tariff act OF Aug. %, 1891, and
two years under the act of Oct. /, 1890,
the Mckinley law. The fiscal year 1893
is not included in these estimates, since
its customs receipts were far below the
normal because of the small importa-
lions Immediately following the enact
ment Of the Dinglcy tariff law of July
"a, 1897, while it's expenditures, by rca-
son Of the war, were far above the
normal.
The total expenditures of the five
years, 1s93-97, were $1,S25, 1862, 100,
making the average annual expendi-
turc during that time $685., O3O,42S, Or
an average Of 100000 per day for all
of the general expenditures of the
Government. This, of course, includes
none Of the expenditures Of the Post
office department except the annual
deficit, the custom of the Treasury De-
partment in considering its expendi-
lures being to omit from its calcula-
tions the total receipts and cxpendi-
lures Of the Postofice Department,
which is practically elf-sustaining,
and to include only the deficit OF each
year in the treasury expenditures.
The statement of the Bureau of Sta
tfstics further shows that the receipts
Of the calendar year 1898 from the
Dingley law of July "a, 1897, coupled
with the internal revenue and misccl-
laneous receipts under the then exist
ing laws, have more than eQualed the
ordinary daily expenditures prior to the
beginning Of extraordinary cxpendi-
lures due to the war. The total re-
ceipts from customs in the year 1893
were $1S2,S79,361, of which $2,O79,7 49,
was from ten. The total receipts from
internal revcnuc during the year were
s222,922,310, Of which 55,22sG,S 1871 was
from war revenue taxes. The total
miscellaneous receipts Of the year
were $3G,S29,5SO, Of which SD, S41, 4O1 !
was from sales Of Pacific Railroad, !
making the total extraordinary receipts |
of the year $72,2OS,O19, which, IL de- |
Quoted from the grand total receipts
Of the year. $40, 631 ,251, would leave
$37O,423,232 us the ordinary receipts, |
exclusive of war revenues and receipts
from Pacific Railroad, or in round fig
ures 1892, S04 in excess of the average !
annual expenditures during the five
years-1893-97-prior to the beginning
Of the war expenditures.
The following tables show az the to-
tai receipts from customs, internal rev.
enue and miscellaneous during The cal-
endar year 1898; (o) the extraordinary
receipts Of the year in each Of these
divisions, and o. the net ordinary re. |
ccipts after deducting the extraordi-
nary receipts of the year from the war
revenue act and from Pacific Railroad |
sales. The only increase made to the
customs receipts by the war revenue
We're by way of the duty on ten.
which produced during the year $2,O79,-
1S7. The internal revenue receipts Of
the year from the war evenue act were
those from Pacific Rail-
road, $14,s41,4O1.
receipts, calendar year 1905:
.$1S2, S70. 381 i
Internal revenue. .............. S22O22.3l0 4
MISCELLANEOUS ................ 38,S29,5SO
Total $40, es1, PSI
Total extraordinary receipts from war rev.
enme and miscellaneous, calendar year
Customs tea duty)............... 2,o7o,7s7
Internal revenue (war revenue
acg 555,2s6,S31
Aaeinc Naliroao. 14,S41,4O1 4
Total $72. POS, O19
Ordinary receipts (omitting war revenue and
Pacific Railroad, calendar year 1898:
War revenue and Pacific Rail-
road 72,2os,o1o
Ordinary receipts Of ISIS. COMPARED VIII Nth
ordinary expenditures of 1s9s.47:
daily Ordinary re-
celpts, calendar year 1S0S... 81 OH eRO !!