The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1901-04-19

fined sugar Of four shlungs aud two
pence humdred weight aair Y.nny
per pound could be four shulilss nnd
eight pence. SO margin OF six pence
Is left to cover the customs handling.
&c. There is therefore no reason why
a tax Of four shollings and two ronc
should increase the retail price more
than ..sif a penny pound. che moeu-
ated scale OF taxation win pe os fol-
lows. Refined sugar, which Is
porallzed at gS and upwards, which
represents two-thirds OF the total inn
ports. would pay the full tax. This
full diminish 10 minimum OF two
shnings per hundred weight on raw
sugar polarized at 76. This scale Is
only tentative and am perfectly will
ing to listen to criticism and the bene-
at Of experience and better knowledge
"Molasses, in which are included the
grocery syrups consumed largely by
the poor, pays two shillings per hundred
weight, and glucose, OF which a great
deal has been heard lately, ana which
is used in the manufacture OF jams
and aerated waters, viii have to bear
a tax of one shilling and eight pence.
/ anticipate a yield OF 100000 pounds
from this tax. The West Indies viii not
be exempt
MY next proposal is a novel one.
unknown in this country for fortyhye
years. 1t is an export duty Of a shill-
ing a ton on coal In aiming TO secure
a revenue from coal I am not sacrific-
ing trade. The imposition of a shilling
which Is infinitely less than The fuctu-
ations In price. will do no zeal injury
TO the coal trade, even surprising that
the export OF coal IS checked. ] am
not sure that even that result viii be
an evil. From this source / expect
2iOO.0oQ pounds making an aggregate
Of 100000 pounds from new taxation.
MY final balance sheet win be- from
taxation q revenue OF l22.200OO0 pounds
from non taxation 2l,O55O00 pounds;
total Of l43.255OCO pounds. / propose to
reduce the expenditure by again sus-
pending the sinking Of the fund to 1S2,
$4,000 pounds This shows a deficit
of 80, 707 900 pounds, to which must be
added 100000 pounds for the fresh
debt ! have TO borrow I must ask the
house 10 give me borrowing powers.
considerably in excess Of this deficit
Of 100000 pouAds III order TO finance
the eXceequer j ask power 10 borrow
500 00Q pounds by means OF cOnsols
"As TO obtaining contributions from
the Transvaal Sir David Barbours re-
ports are not encouraging at present.
] think the house Nil see the war has
brought the country 10 the verge of
ruin Opposition cheers greeted this re-
laark) This can no longer be consid
cred. The small war has cost l5i 600 600
pounds. double the cost OF the CrimeoD
war There was 57.00000O pounds OF
the unfcunded debt ne eleemable within
the next ten years. / have tried TO put
before the house a true accoun; Of our
finances for the present and immediate
future In our time no chancellor Of
the exchequcr has had SO difficult
TASK and none has had a more indul-
gent audience. / have not laid propos
ais before the house with the view OF
gaining transient popularity but + have
endeayored 70 establish a principle OF
contribution By the whole community
20 the burdens OF the state"
Sir Michael Hicks Beach concluded
az 6;44 p. m amid ioud applause. hav-
ing spoken two hours and twenty-six
minutes
Sir William Vernon Haroourt compli-
on the ability he had shown. declaring
that his speech was characterized by
honesty a quality very much lacking
in tbe conduct of the war, in telling the
house and the country the truth In re-
gard 20 the position
The budget, continued Sir william
Vernon Harcourt was but chapter
IN the disastrous incident Of the war
II was proposed 90 borrow altogether
l&000000 pounds more, four times as
much as was borrowed for the Grim
can war,
I'VE are living ip an age of newspa-
pee finance, said sg william Sand
az increased expenditure we cannot
go on without Involving this country
ln financial ruin rhs fashionable doe
pine of the day ls conscription ans
protection, does anybody believe that
this Increase Is not 20 go on2"
slr. William argued that England was
not as strong as she waa a uhe close