Daily independent. [volume] (Elko, Nev.) 188?-1915, 1909-09-21
THE NEW TARIFF
g. BREEDS DEFIClCTS

The recent statement Of the treasury
department shows II larger balance on
the wrong side of Uncle Sans ledger
than the previous one: And this 10.
with the Aldrich Cannon-Taft tariff
taw in full force and effect. This law
according to it's advocates, was to
furnish sufficient revenue to pay all the
expenses of the government and leave Il
handsome balance in the treasury.
IN discussing the working of the new
tariff law in relation to the increasing
treasury deficits, the Butte Miner says:
The passage of the present tariff
bill was supposed to have settled the
problem of treasury dificits by pro-
viding for Il decidedly increased in
come, and there were symptoms of
fond hopes that the comfort of II sur
plus in Uncle Sans pocketbook might
lull the country into complacent ac-
ceptance of the tariff issue as set
tied for the next decade.
Even though there might be some
Grumb!ng as to the manner in which
he money was being collected, it was
figured that patriotic pride would grow
strong over the fact that the strong
boxes of the national government were
getting more money, even if the ex-
chequers of the protected industry were
getting most.
But there is an apparent hitch in
the program, and this is discussed by
the New York Evening Post in an
editorial article
The quotations of the New York
paper referred to reads:
What is the trouble with the treas
nry's tnancesr Most people would
answer, otfhand, that decreased rev.
cnus, due to the recent industrial re-
action, was the cause. The conclusion
would, however, h. erroneous The
customs revenue, ever since the tariff
bill went into force has been abnor-
mally large; il was never Exceeded at
this time Of year except (by q few
hundred thousand dollLrs) in 1907.
Both customs receipts and internal
revenues have in the month of August
run far ahead of 1908 But when one
turns to the schedule of expenditure,
the secret il out at once. In the two
completed months of the fiscal year,
military, naval, and general expendi-
ture has broken all records. On the
army, our government has spent sin, @
the end Of June s.. 600, 900 more than III
1908 and $3,200,00 more than in 1907;
TN the navy $500. 600 more than i'm 1913,
n nj nearly a million more than in 1907.
IN the fiscal year ending with June,
1907, when the revenue broke all pre-
c1dents. the handsome surplus of $50, :
900, 900 was reported: but had disburse-
ments for that period equalled the sum
paid ont in the fiscal year 1909, that
surplus would have footed up barely
S!,OOO,OO With appropriations on the
present scale, IL deficit would have re-
suited for 1907, even with that years
enormous revenue. This is the problem
very Immediately before the govern
mont, as II sequel to Senator Aldrich's
happy.go-lucky prediction. i'm his in
troductory speech Of the tariff debate
that prosperity would follow enact
men of his tariff bill 80 vast as forth
with to do away with deficits. We
have the prosperity and we have the
deficits: it is tho trainers of our tax
ation and appropriation laws who have
bungled.'
To this the Miner adds;
ut was bad enough for the present
majority in congress to substitute re-