The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1901-12-20

McI<inley Abandoned By
Republicans.

A Washington dispatch TO the New
York World says that II Is estimated
that the net treasury surplus for the
present fiscal year may reach Sl50.oOo,-
900, and that as a consequence, repub-
lican leaders in congress with the pres
dents sanction have adopted a plan
to cut off all the war taxes, reduc-
ing the internal revenue to figures as
low, IL not lower, than those which
prevailed before the Spanish-Ameri-
can war.
According 10 the Worlds dispatch.
the abolition OF these special taxes
will reduce the revenue to about $685.
900. 900. The tax on beer will be re-
duced from SLIGO TO one dollar a barrel,
thus taking off about S25.000,00o The
tax on tobacco will be reduced from
nine TO six cents per pound. and the
cigar schedule Will be rearranged so
as to effect, together with the general
tax reduction, an additional reduction
OF s25, 1000. 900. In this way il is esti-
mated that the entire war tax will be
wiped out and the surplus reduced by
about SOS 100000.
The Worlds correspondent says that
1 IL is also suggested that the tax on
whisky may be reduced to so cents a
gallon, the present tax being si.2o per
gallon. The Worlds correspondent
says:
"The president ard the republican mem
bers OF the ways and means committee.
with two possible exceptions. are unalter-
ably opposed to any revision of the tar.n.
All agree that reduction on one article
could not be effected without going through
the entire list and such a revision Is not
contemplat ted. All agree also that business
would be unsettled and the present pros
perity materially checked The president
and these members think 1t wise TO leave
we'll enough alone"
1t is also stated that it is not now be.
lieved that anyone Of the pending reel.
procity treaties can obtain ratification
in the senate. and that "there seems
no prospect along the line of reciproc
ity."
The Worlds respondent is an
thority for the statement that vhei
certain members of the ways END
means committee suggested 90 rh'
president that possibly the treasGr
surplus could be lowered by revision
of the tariff schedule in which jh'
greatest degree of protection is al
lowed, "the president declared hii
close adherence to the doctrine Of hiel
protection and expressed his opinion
that the present prosperity should b,
allowed TO continue. and that Their,
should be no tinkering with the tariff
TO unsettle business and cause appre
hension in commercial circles"
Chairman Payne. of the ways an'
means committee. said THE coun
try is doing better than ever before
and there is an old adage 10 let wei
enough alone"
Representative Russell. OF Connec
, ticut, said: "Revision OF the tarii
, along special lines is a practical i'm
; possibility at present. Condition
are good. and they should be permi
5 ted to remain So"
! More and more every day il al
] pears that Representative Babcock
fight for tariff revision will be
!, hopeless one in the republican part.
Republican leaders. who, like Bal
( cock. have changed their opinion Q
|, to the influence of high protectiS
I tariff on the general welfare, woul
P have n very strong following in I'll
republican party. and perhaps Il
! recognition of this fact has som
. thing to do. aside from the desire
;. reduce the surplus. with the conce
sions which the administration lea
e ers seem disposed to make in Il
{ matter of the war taxes. Doubtle
a these leaders believe that by m
e terial reduction of the war take
thus affording relief in some qua
d tiers. they can postpone the demal
n for tariff revision.
Certainly the republicans have Z
e power to defeat tariff revision. nj
probably they have the ability
70 close for a time the public eye to o
!. great evil. while affording a degr
q of relief from war taxes.
~ 1t is interesting also to note I'll
'e the same authority that assures
there will be no tariff revision al
I. CONVEYS the information "ths
= seems no prospect along the line
reciprocity" Republican newspap'
had much to say by way Of co
mendation Of President Mckinle
last speech. and yet, if the New &c
Worlds Washington corresponds
is to be relied upon, already the
are indications that the policy |
nounced by the lamented preside
in his last speech. has already be
abandoned by the republican par
The senate thinks the recipr
ity treaties are safely pigeon-holed.
the meantime our manufacturing
pacity goes on increasing far beyo
our ability to consume. The forei
market Is becoming more and mt
> of a desidcratum. The time to
large the foreign market is when
are prosperous. for that is mea
NJ continuing prosperity. But