Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1909-04-19
WILL PRODUCE
ENOUGH REVENUE
Senator Aldrich
Explains Features
of Bill
FIGURES BY EXPERTS
Need of Economy Suggest
ed by Veteran
Statesman.

drich in explaining the tariff bill to-
day said in part:
The practical question to which |
call attention is, will the bill as re-
ported from the finance committee
produce sufficient revenue when TAX
en- in connection with the internal
revenue taxes to meet the govern
ment expenses without additional
taxes. | answer unhesitatingly, that
| it will
He submitted a statement showing
estimates for the fiscal years OF 1903
to 1911 inclusive, as follows:
Year, 1909, receipts $6O5, ,23O;
disbursements, $674,309,6S0; surplus
"a $69, 9,462, ,450; 1910, receipts $780,
100000; disbursements 100000 900;
lsurplus "A' $45,000,; 1911, receipts
$685. 10000. disbursements $655O0O,-
, 900; surplus $30,0OO,0O0. "a deficit.
(, Mr.. Aldrich explained that he ar
rived at these figures with the aid Of
treasury experts based on the fig
ures for the past years.
For the purposes of ascertaining
the relative tariff producing qualities
for the Senate with the law of the
| 1897, comparison was made by apply
ing the rates of the bill to importa-
tions of 1907, which was the last year
of normal trade Mr.. Aldrich said
the revenues under the Senate bill in
1907, would have been eight millions
! greater than under the Dingley rates.
He said this increase would have
| been effected by the increases only
on the luXuries. The changes pro-
posed by the Senate bill, according to
Aldrich are new definitions of duti-
! anle value and new methods in proper
ascertainment, more efficient collec-
tion machinery and provision for the
; creation of customs court to insure
uniformly of decisions in customs
cases. He said that under-valuations
are estimated at as high as twenty
five per cent of the collections. He
said if it should appear that he had
overestimated the revenue pOssibili-
/ ties it would be the duty of Congress
to reduce expenditures to conform.
The imposition of other taxes would
be unwise, he said.
AIdrich's Statement.
| Washington, April 19.-In the open
ing of the debate on the tariff in the
Senate, Senator Aldrich, chairman OF
the finance committee, assured the
Senate in positive terms that the
tariff bill as reported would provide
ample revenue for the government.
While he did not refer specifically to
the income tax, the statement declar-
ing that ample revenue may be de-
rived from other sources was accept
ed as in direct opposition to all such
propositions. Nearly every Senator
was present and careful attention
was accorded Aldrich who said it
was not his policy to discuss the wis
dom or unwisdomA Of the protective
tariff policy. He said there would be
no attempt to restrict the debate on
the Democratic side.
Taking the present fiscal year for
example, first we have the actual fig
ures for nine and one-half months,
which are: Receipts $46S, ,S73; dis
bursements $533,9SGS15, showing a
deficit of $65,943,942," he continued.
III have taken the disbursements of
$533,9S6,815 for nine and one-halt
months and estimated those for the
succeeding two and one-half months
on the same basis, reaching the result
of $6745O9,6SO.
In making the estimates of re-
ceipts Of 1909, the actual receipts and
disbursements for the first nine and
one-half months being available, the
figures for the remaining two and one
half months are based on those as.
certained results and indicate re-
ceipts for the year of 5000, 3,047 ,230
The figures show an estimated deficit
OF $69,462,45
| For the year 1910 the appropria
tions have already been made and
the amount which will be expended
can be foretold with approximate ac
curacy.
In making the estimates for these
expenditures have taken the gross
appropriations for the year, $1044,
100000 and deducted the appropria
tions for the postoffice department
$235,000,0O0; the sinking fund, $50
100000, the National bank fund $3E
100000 and Panama canal expense
$37,000,000 and have added the Oh
cial estimate for the postal deficienE
for the year $2O,00OOOO, showing
probable total Of expenditures u
| $7OO,OO0,6OO. =
i If the pending bill should r-hecomt
law before the 3Oth of J4ffAhs