New-York tribune., 1902-08-01


have to look Sharply to their interests lest they
be wholly dstanced by the opposition
EFFECT ON NATIONAL POLITICS.
Thls aspect of the case, then shows that the
activity of Governor Cummins and his lieuten-
ants In benalf of tariff revision at this early
stage of the discussion is for effect mainly, if
not wholly, in Iowa. At the same time it can
not be denied that their energetic persistence
VIII nave some effect national politics-how
great an effect cannot now be foretold by the
most expert political prognosticator. Reports
from Iowa. however indicate that the movement
already is fraught with danger to one or more
Republican candidates for Congress in that
state 1t is related that John F. Lacey, who
after hard struggle redeemed the With Dis
trict from the Democratic -Populist combina-
ton, has served notice on Governor Cummns
and Senator Dolliver not to come into his dis
trict with any preachments for tariff revision.
for If they did do he would be compelled to
present the novel spectacle of replying TO them
from the same platforms. 1t is said that Rep
resentative Hedge. of the Ist District, and Rep
resentative Rumple. of the lid, would be as
much endangered as Representative Lacey
should the Cummins-D Dollver people start
lively agitation for tariff revision at this time.
EXPENDITURES EXCEED RECEIPTS.
The monthly Treasury report, issued by Sec
retary Shaw to-day, seems to have a direct
bearing on the discussion Of tariff revision that
is likely to be provoked by the action of the
Iowa convention. The report shows that since
the repeal of the last of the war taxes govern
ment expenditures will exceed receipts by sew
eral million dollars every month. For July the
deficit was over S1,000.o00, which probably is
little higher than it will be for any other month,
as explained by the following statement given
out by Treasury official:
A comparison between the statement at the
close of July, 1902, with the same date of last
year shows an increase in customs receipts Of
S3.l6nOOO. and decrease in the internal reve-
nue. receipts OF Sc. 100000. There is no apparent
reason why the increase in customs may not
afford a fair criterion for the year. Not so with
the internal revenue receipts. To what extent
these have been influenced temporarily by the
change in the law which went into effect the
first of July cannot be determined. 1t is posi-
bic that unusual amount of commodities
subject TO the internal revenue was kept in
bond until the first of July for the purpose Of
removing the same at lower rate Of duty. If
this supposition be correct, then the receipts for
July must have been proportionately increased
beyond the average This condition Will not, Of
course, obtain for the succeeding months.
The balance sheet for the month shows a
deficit of $500 600 in round numbers but this
has been sWelled by the payment OF extraor-
dinary appropriations for interest to the sew
eral States on Civil War claims. The amount
paid on these appropriations during the month
aggregated $3.50 600. But for these extraor-
binary appropriations paid in the month of
follows that the balance sheet for July affords
very scant and unreliable data from which TO
estimate the deficit for the year.
HIGH AUTHORITY MAY SPEAK SOON.
1t is believed by some well informed officials
Of the Treasury that the deficit next month
will be quite 100000. and that unless some
thing extraordinary occurs to increase exports
greatly, the deficits for the succeeding months
will increase. It is contended by them that
general agitation for tariff revision in the cam
paign this year might precipitate a discussion
of that subject at the session of Congress
beginning next December that would result
disastrously 10 the governments revenues by
causing importers TO briDE into the country
smaller stocks OF tariff paying commodities. IN
fact, this is the history of all tariff tinker ng
In Congress, its result In this instance could
scarcely be doubted In order, therefore. TO
avoid all these possible dangers, II is confidently
believed that the national leaders Of the party
will be quick minimize the Importance Of the
action of the Iowa convention on the tariff
question, and that with this object in view some
strong expression from high source of author
ity will be made to quiet all fear and re-
move all doubts.