The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1909-04-19
SENATOR ALDRICH OPENS THF
DEBATE ON PENDING
TARIFF BILL
he Assures Senate in Most Positive Terms That the Repo From tho
Finance Committee Would Produce Sufficient Revenue for the
uovernment=--fs Submits Statements Showing Receipts,
Disbursements Surpues and Deficits

Washington. April 19-In opening
the debate on the pending tarifI bill
today. Senator Aldrich, committee OF
the finance. assured the senate In the
most positive terms. that the report
from the finance committee would pro
luce ample revenue for the govern.
ment.
While he did not refer specifically 10
any proposition to impose an income
tax, his statement declaring that am.
pie revenue may be derived from other
sources was accepted as direct oppo
sition to all such propositions.
Nearly every senator was present
when Mr.. Aldrich spoke, and most
careful attention was accorded him on
both sides of the chamber.
Several leading senators, who desir-
ed to reply TO Mt Aldrich, deferred Go.
ing so until they could carefully study
his statements.
Each senator had a comparison of
the Dingley tariff law with the Payne
as amended and reported from the
senate committee on finance. In addi
tIon, statement was furnished to
each senator showing the estimated
revenues under the present law conf
pared with the amended Payne bill.
Mr. Aldrlch called attention TO these
volumes in beginning his speech.
The net increase from Gus
toms over the existing law was eSti.
mated at S11.666.74S for the Payne
bill. as passed by the house, and So
9S4.42G under the bill as reported from
the senate committee In making the
estimates. the revenues produced in
1906 were used In attaining the COM
parison with the house bill, and the
revenues for 1907 when the imports
were much larger, In arriving at the
comparison with the possibilities I'm
der the senate bill Mr.. Aldrich be
lieves that 1907 was a normal year,
while Representative Paine, chairman
of the house committee on ways and
means. believes 1906 was the last year
when conditions were normal.
Mr. Aldrjch said in part:
THE practical question to which /
ask your attention today is, VIII the
bill as reported from the committee
on finance produce sufficient revenue,
ternal revenue taxes, to meet the gov
erment expenses without additional
taxes?' / answer unhesltatingly that
ii will"
Mr.. Aldrich submitted statements
showing the receipts, disbursements,
surpluseS and deficits, actual and es"
tImated of the treasury for the fiscal
years 1900 TO 1911 inclusive. His es-
Inmates for the fiscal years 1903 to
1911 were as follows:
1909-Receipts, S605,0i7230; dis
bursements. s674,309.6 $50; surplus.
(deflciD S69, i62, $50.
1910-Receipts. 55,000,000; dis
bursements. S700.000.000; surplus,
{deficit) s445.O00,00O
19l1-Receipts s695,00O.000: dis
bursements. 65,00O,000; surplus. $780,
100000
"In these statements. both the re-
ceipts and disbursements for the Pan
anna canal have been eliminated for
obvious reasons" said Mr.. Aldrich ut
is the policy of congress, which has, !
take it, universal approval, that pay
ments, for the canal and its constrnc-
tion should not be made from current
revenues. but met by the sale of bonds.
'These figures include all receipts
and disbursements except those OF the
postofIlce department and the Panama
canal. but the postal deficits are in
clujed in all cases in the diSburse-
ments. The statement consists of the
actual official figures of receipts and
for the years 1900 to
1908. inclusive. and shows that. In
these years, the act of 1897. (existing
law produced q surplus of $l2S,6o6.-
221, an average surplus OF SAT CPS ,469."
Mr.. Aldrich explained that he arriv.
ed at his estimates from data secured
IN consultation with treasury experts,
Taking the present fiscal year for
example, first we have the actual fig,
ures for nine and one-half months.
which are: Receipts. $46S,0i2.S73;
disbursements, s5S3,9S6.S15, showing
q deficit of S65.94S,942." he continued.
II have taken the disbursements OF
S533 ,9S6.S15 for nine and one-haf
months and estimated those for the
succeeding two and one-half months
IN the same basis. reaching the result
Of $674.509.6S0.
In making the estimates, of receipts
Of 1909. the actual receipts and dis
bursements for the first nine and one"
half months being available, the fig
nres for the remaining two and one
half months are based on those ascer-
tained results, and indicates receipts
Tor the year of $603, 3,047 .230. The flg-
lres show an estimated deficit OF $685.
1862, ,450.
FOR the year 1909 the approprla-
lions have already been made and the
amount which will beexpended can be
,oretoli with approximate accuracy
."In making the estimates for these
have taken the gross
for the year. s104d ,000.-
300, and deducted the appropriations
for the postof]ice department, $685.
300 900; the sinking fund, s60,0o0,00O.
the national bank fund, SS0.000.00O,
and Panama canal expenses. $4,000
300. and have added the official esti-
mate for the postal deficiency for the
year. 1000 900, showing a probable
total OF expenditures OF s700,0o0.OOO-
EFF the pending bill should become
! law before the 30th OF June. next.
,.uan,tco for tho entire