Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-04-19
neclares It viii, in Connection
With internal Taxes, Produce
Enough Revenue.
PANAMA CANAL ELIMINATED.
rYpenses on That Account Are
To be Met by the Sale
of Bonds.
IN Faer OF Record Disclosed No Party
can Afford to Place Unnecessary
Burdens on Industries.

washington. April 19.-In opening
,n. debate on the pending tariff bill
,,1av. senator Aldrich. chairman 81
a.. committee on finance, assured the
.opete I'm most positive terms That
tbo bin reported from the finance
..,,r,ittee would produce ample rev
rpue Cor the government. he suggest
"a that II. by any possibility. these
estimates should prove 20 be Incorrect
,,s dutv OF Congress would be to cree
,pce expenditures and make them COM
t,,ro TO actual revenue conditions aud
,,.t ID, impose new and oncrous taxes
while he did not refer specifically
ro any proposition TO impose an I'M
,,oa tax. his statement declaring mat
o,,pls revenue may be derived from
otber sources was accepted as direct
,nnosition 90 an such propositions.
Mr. AIdrich said i'm part.
..vbc practical question 20 which
sst vour attention today Is, VIII the
biU as reported from the committee on
spance produce sufficient revenue Whtn
taken IN connection win the lllel l.ai
raycnue taxes 10 meet the government
axpenses without additional taxes
answer unhesitatingly that IT Will
An Mdrich submitted statements
sbovinr tho receipts, disbursements
surpluses and deficits actual ana estl-
mated Of the treasury FOR the hscal
wears 1900 20 1911 inclusive. His esti-
stes for the fiscal years 1903 70 1911
inclusive were as follows:
Fiscal Receipts Disbwsem'ts. Surplus.
v65 Seo5.ol7. s3O s674 sG9.Gso A. $69.ts2 $50
1910 655. .0o0 700 900 600 4. 4oOOOuoo
1911 6s5.00o,0GJ C65,oo0OO SOoV1ouo
A-Dehoit.
In these statements. both the re-
coipts ard disbursements for the Pa
mama canal have been eliminated lot
obvious reasons" said M. Aldrich. 'lt
is the policy or Congress, which has i
take 81. universal approval, that pay
nents for the canal and its construc-
ton. should not be made from current
revenues but met by the sale of bonds
These figures include all receipts
and disbursements except those or the
rot0hice department aud the Panama
anal. but the postal deficits are includ-
I'd IN an cases in the disbuls- meats.
The statement consists Of the actual
official figures OF receipts and disbuise-
ments for tho years 1900 and lsOs, I'M
elusive. and show that in these years
mo act " 1897, existing lav) produced
a surplus OF Si2S 656,22l, an average
yearly surplus of Si7,62s,4e9.'
ESTIMATES. HOW REACHED.
Mr.. Aldrich explained that he arrived
o. his estimates from data secured IN
CONSULTATION with treasury experts.
Taking the present fiscal year for
rXamrle first we have the actual ig
ures for nine and onc-half months,
which are: Receipts. Si6S 042,S,8; dis
bursements. S533 sS6S15. showing de-
dC.t of S65. 94S 942' ho continued. Il
aavc taken the disbursements OF $685.
As6N5 for nine and one-half months
snd estimated those for tho succeeding
two and one-half months on the same
basis. reaching the result ~ 6I,5Jo, $50
I'm making the estimates of re-
ee.nts ot 1900, the actual receipts and
Iisbursenlcnts for the first nine and
rge-half months being available, the
figures FOR the remaining two ana one
bllf months are based on those ascor-
tanned results and indicate receipts for
ODE year of SG05. 041 28o The figures
show an estimated deficit Of $j9,464,4 .O.
"For the year 1909 the appropriations
laNe already been made ana she
amount which win be expended can BE-
iOIet0id with approximate accuracy.
I'm making the estimates for these
expenditure. ] have taken the gross
appropriations for the year. $l,0i4O0o,-
GOO. and deducted the appropriations f0r
The rostofhco department 1895 10000
lhe sinking fund. $50, 1000. 900, the national
hank fund 800 600. 600, and Panama ca
nal expenses S37,O00.000, and have add
ca The official estimate Tor the postal
teiciency for the year $50 600 600, show
lug o. probable total OF expenditure OF
500 O00O 600
IT the pending bin should become "a
law before Tho Both OF June, ncXt the
customs revenues for the entire fiscal
scar of 1910 would be- collected under
iia provisions. and the probable results
constitute the crucial point In our IN
NDsugations.
For the purpose OF nscortalning the
relative revenue producing qualities OF
Che senate bin and the act ~ 1897, the
committee on finance has had prepared
s1temeut which is laid before tho
rr1te today ~ applies the rates OF
th. senate BIN To the importations Or
l.'. We have selected 1901 for thn
comparison, az this was the last year
DID which the finances and business OF
tlr country were in "a normal condition.
REVENUE UNDER SENATE BILL,
lnr a.lt6mcnt shows that if do 5en-
st- BIN had been 100 force boo 1907. the
customs revenue produced by a. would
have been 100000 greater thsn those
collected under the Dingley act. the
total being S322 900. 600. under the act ~
lsys and S3i0,o000O0 under the senate
bH
This lncrcaEe OF revenue f. due 10
advances in rates on few articles OF
.ltllg such as wines. spirits. etc A.
z also due to che substitution made in
Iho b.i iu ah cases where % WIS Os
nn.e. OF specific Tor ad vllorem dutl r.
lHia win prevent undcI-v luauon aud
equcntlv lncrcasa revenues.
other changes win bc Included AZ
ttNnf One comparative revenues.
lho changes we propose 90 make
NJ lhe administrative act include.
frat-Ncw definitions OF dutiob'o
value ana new methods ln ts pr per
taiument; second more onici snt
objection machinery. third. "a provision
tho creation 81 "a customs court 90
insure uniformity of decisions in Gus
qms cases.
4he extent u under Valuations pre-,