New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-03-28
MORE ENGLISH REVENUE.
Nc5c Ground for Jfr. Cbamberlo;;r,.
Fiscal Cause.
London. March IL

=
many brought forward as an Imperial ,,,,o-.,--
as policy for promoting the o-v,rI, ',.,.'
federation OF the empire NJ 60 a-iU
earliest contentious were FRS. g.. as
mast be protected when countries I,,. -
attempted 20 punish them for +b.;- - ~
tne mothertand in giving British r,.-.s.-,1 -
preference In their markets: and. sacoD4 -
'"ey must be encouraged whenever thu. =.
0'eFtuFes TO the home government IN -.
"'' imperial zoilverein. he took m a -.
''o'''St Hhe as soon rs he ODeucd his -,
l' Scotiand' and his commission has bas- -
InlhS the conditions of various ind,,v+-,,, -.
''SIHS the foundations for a general +o-fss =.
"il"s the nome market against f,rafg, -
ptI''ioh ana dumping raids. He r,s5o -,
ue@oVay Tor several months and sfa-,.6 -.
Egypt as soon he perceived t5,. -. -.
'1' III '4le movement was waning On ac-.,,,-.
OF general opposition to the taxs+t,~ :. -,
IT'S Gree trade opponents procrai~,a4 ~. -
ana defeat as soon as the Duka ce r,,,..--,,
TOOK the field against him and ba,s,,o -
Norite candidate as Prime Minister - . -
CodIlJlon government to be led bv WIT, =,
sUTened With progressive Radicals NJ O.
pertain however. has the characrsrigt'c r-,,,.,
hanit or not knowing when he Is baotsr ,-s a..
- currently reported among his ardent s,,,,o-.
CTS that he viii resume the attacI, mon g..
trade as soon as the Budget speech has be-,
7Iel Du1 taat he viii be shrewd enough n
shift his ground and transform fiscal -,
'H'' d qu@s,oh OF revenue rather than protsc-
ton. F'0'''-
AS NY. Austen Chamberlain e the Chancsuc-
ol me EEchequer. and as the conditions Of s5s
.7's'''e are highly unfavorabe. this forscas.
does not lack plaUsfSHltv. When .rscsfn+s 49,,
various cT,-
are steadily increasing. deficits have To bs 49,
and taxes reim0osed. A spendrbrfft gov.-,
ment. as this one has been from the dovnfau %
the RCsebery Ministry. finds re+~eocb,,a,. g.
practicable The country is stfU taxed bsovh.
for the war in South Africa. the Admiralty nsr-
SeFeres IN its costly construction schemes svsr
when warships are bought unexpsctedfv g..
diplomatic reasons. and when the Japanese N,
blowing up or sinking Russian battIAshf,s 81
cruisers. have heavily reduced the usual sorbf,
navy standard, the rsorsanized army Offers m
promise Of being economical when var,or.
branches OF the service are % be rearrpd bs.
ginning with quick fixing guns for the artrle-v.
and the Irish Land Purchase act and otber
measures lately passed involve largely increased
expenditures There IS not a department. Of tbs
administration which can be convinced tbos
economy is public virtue. The cost OF govern
ms the United Kingdom and the outlying eu,plrs
has been rising from decade TO decade. and ths
receipts can be kept abreast OF the expeudf4
lures only by maintaining war taxes az per-
rnanent lsvtes. The income tax. when IL was
proposed at first. vas considered as a reserves
for emergencies; but now Il remains az a high
figure when The country IS at peace and Il "a
raised whenever there IS a deficit An additional
penny this year VIII excite public resentment.
but the Chancellor OF the Exchequer may have
no alternative for It. except the reinposition oe
tie -four and grain registration duties which
Mr.. Richie removed last year after closely a.
vidins the Cabinet. 81r. Austen Cham5erlairI
has taken gloomy view Of the financial out
look ever since he entered the Treasury. and hs
IS not likely to conceal his convictions when hs
makes his first Budget speech. that new sources
Of revenue are Indispensable. since there has
not been. and apparently cannot be. any material
reduction OF national expenditures.
This viii provide the protectonists with fresh
ground for advocating higher tariff They can
give n new reading Of President C1evelands
SAYING: ct IS n condition. not theory. that
confronts Us" As he argued against an Tn
necessary surplus. so they also can draw Infer
ences from an Inevitable deficit. and contend
that new sources Of revenue must be found n
order to meet current expenditures. Cnquestion-
ably. this viii be powerful weapon In the
English protectiOuists' hands. and the leader OF
the tariff reform cause can be confidently ex-
recfed 70 make effective use OF It when no re-
turns to the Commons after Easter. HIS FOL
lowers are already anticipating with satisfac-
ton the privilege OF raising new and pracucA
issue when they have been talked down on tne
taxation OF food. the utility Of colonial pref
erenca5. and the necessity for retaliation. Ihey
ara preparing a retcrt Ike this 70 their lres
trade sdversaries. You may not De nteres'ed
IN binding the colonies to the mother country
by taking I'd imperial federation On the business
side and YOU may be convinced that the l0'-
eiRnsr cannot be taxed without q fata4 saerlD''
OF cheapness and tho consumers interests 0u'
surely YOU cannot deny that shilling OF EO4'
on incomes when there IS no war Is ndeIsns'D'''
ard that We must have fresh and expansive
sources OF revenue when current expendli0lV'
are rolling I'D and deficits cannot Be met unosR
the ordinary conditions Of fres trade nnailoa
Experts IN finance like Sir Robert JIM.
have been impressed for long time Win -.
fact that the proportions between direct an
direct taxation have been transformers uuIl,.7
the last twenty years. when national expsno
tures have increased considerably mo'S -
90 or 20 per cent In the early stages OF ~
trade. customs and excise were the SUI
frou, which the bulk OF the revenue was ia
but during the last two decades, "I.7n
nsnditures have been rapidly rising the nun
taxation has remained almost unchanse4
fact. entirely so until the coal export anu 80.
duties were Inposed-whereas the buiN u =
additional burdens has been thrown 0aCN
direct taxation. The income tax mas esAS1
be a reserve for war. and the earning -.
OF individuals and corporations pays -
heavily at all times to the ordinary reqalEeis'
Of administration. The death and estate 49,
have been more than trebled since SIR 80
Ifarcourt's famous budget was introGucsi. =
=, -, Of this extraordinary SOclallSI'