Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1909-04-20
SENATOR ALDRlcH IN PRESENT.
ING 1T DECLARES MEASURE
WILL RAISE ALL THE REVENUE
NEEDED BY GOVERNMENT.
DEMOCRATS WANT
AN INCOME TAX
MINORITY WILL OPPOSE ALDRicH
VIEW THAT NEW MEASURE PRO-
ylpEs SUFFICIENT REVENUES;
PERMIT GET SPEECHES.

Washington, D. G., April 19.-1n
speech explaining the tariff bill which
was reported to the senate today by
the finance committee, Chairman Aid
rich of the committee on finance as
Bured the senate in the most positive
terms that the bill reported from the
committee on finance would produce
ample revenue for the government. He
suggested that if by any possibility
these estimates should prove to be In
correct the duty Of congress would be
to reduce the expenditures and make
them confirm to the actual revenue
conditions and not to impose new and
onerous taxes"
Opposes Income Tax.
While he did not refer specifically
to any proposition to impose an in
come tax, his statement declaring that
ample revenue may be derived from
other sources was accepted as direct
opposition to all such propositions.
Senator Aldrich went on to say:
"The practical question to which |
ask your attention today is Will the
bill as reported produce sufficient reye-
nue., when taken in connection with
the internal revenue taxes and other
existing sources Of revenue, to meet
the expenses of the government with
out the imposition of additional taxes. :
"I answer unhesitatingly after a
thorough and careful investigation,
that it will"
Gives Estimate of Revenue.
Aldrich submitted a statement show
ing the receipts, disbursements, sur
plus and deficits, acutal and estimat-
ed, of the treasury for the fiscal years
1900 to 1911, inclusive. Estimates for
1909 show a deficit of S30,000,000 In
these statements he eliminates the re-
ceipts and disbursements for the
Panama Canal, and says it is the
policy of congress that the payments
for the canal and it's construction
should be met by the sale of bonds,
and not from the current revenues.
He points out, however, that further
legislation is necessary to secure that
result
How to Care for Deficiency.
If statements I've submitted" Al
drich said, "are approximately cor
rect an independent question arises
in what way is the treasury to take
care of the deficiencies for 1909 and
1902
"The treasury has today, including
the $74, 4,631 900 which it is entitled C
receive for the reimbursement of the
canal expenditures, practically hun
dred millions of available surplus ovel
the necessary working balance. This
surplus is likely to be reduced to sa,
$6,000,000 between now and June 3,
by addition to the deficiency for the
current fiscal year, leaving on tha
date an available surplus of $4,000,
& O00 If the estimates I've made fol
1910 are accurate the estimated de
f1ciency of S45,O00,000 in that yea
would still leave a surplus in thu
treasury of $40 100000, which would b.
Increased from time to time, in sub
sequent years"
Extravaganza is Cited.
Aldrich calls attention to the neces
sity for the elimination of extravagan
cies In the various departments ant
says from a superficial investigation
he is satisfied appropriations made fo
last year could be reduced $50,00000
without impairing the efficiency of tn
public service.
Democratic Demands.
The Democratic senators will urg
an income tax as the most nc
tional and most prolific means of ir
creasing the receipts. All of them vii
support an income tax provision an
in addition some of them will streT
uonsly urge tax on all dealing in fl
tures. They will have the support Z
some Of the Republican senators, bu
will not receive assistance from an
of the members of the committee =
finance.
There will not be in the senate a
In the house, any sharp dividing lin
between genacal debate and the di'
cussion of amendments to the schet
ules.
Iowan Goes to Chile.
The president today nominate
Thomas c. Dawson of Iowa as envo
extraordinary and minister plenipotel
tiary to Chile.
The house was in session for onl
Hua rnipt,1aS fodau the ra,,or+ 20 4,