Pine Bluff daily graphic., 1909-03-05

once given to d bill rcysin" the Ding ley act This should secure an adc- quate revenue and adjust tue duties in such q manner as tu afford tu lah0i and to all industries iu this country, whether of the farm, mine or factory. protection by tariff equal to the differ ence between the cost of produc. iob abroad and the cost of production here and have q provision which shalt put into force. upon executive deter,nina- ton of certain facts, a higher or maxi mum tariff against those countries whose trade policy toward ns eQu:ably requires such discrimination. It iS thought that there has bcen suc, d change iu conditions since the enact ment of the Dingley act. drafted oi, a similarly protective principle, that the measure of the tariff above stated will permit the reduction of rates in certHiu schedules and will require the ad- vancement of few, if any.
 The proposa, to revise the tariff made in such an authoritative way as to lead the business community to count upon 1t necessarily halts all those branches of business directly affected, and as these are most i'm portant it disturbs the whole business of the country. It is imperatively nee essary, therefore. that tariff bill be. drawn ill good faith ill accordance with promises made before the cleo ton by the party in power and us promptly passed as due consideration will permit.
 inheritance Tax Advocated.
 In the making of a tariff bill the prime motive is taxation and the SC curing thereby Of a revenue. Due largely to the business depression which followed the financial panic of 1907, the revenue from customs and other sources has decreased to such all extent that the expenditures for the current fiscal year will exceed the receipts by $lCO00O.CM It is in,pcra- tive tl.:.t such q deficit shall not con tiHuc a,d the fI;ncrs of the tariff bill lHu=, of course have iii mind the tntnl rcvenucS likely 10 he produced by {; and so arrange the duties as to sc z',are as a.leuuat. income. Should it he impossible tc do 50 l.y import duties rev kiaGs If ta&ht.n must he adopt ed. ai:d aH,oEg these 1 recommend graduated inheritance. tax as corrts2:' r. principle aud IS certain aEd easy nf ctll;".tiG;,
 Government Economy Urged.
 The obli.at in:. oa the l:}r 0: those fer ,hc expenditures made to carry on tie guy ernnseni to be aa economical as possible aud to make the burden of tuEatie!. ;;s light as pos sble is plain ;.Au >,alsu,u be affirmed ii, every declaratiol os government pol icy. This is especially trHc vixen We are face to face with a heavy deficit. But when the desire to vii! tl.c popu- ar approval leads to the curing off of really ncede lo make the government effective and to elI- able 1t to accomplish iJs prope. objects he result is as much to be eonNe:lncd IS the waste of government funds i11 eA1reHA45'ie
 In the department Os ;1@ni .t.l:i:l" l!!s, use of scientific experiments o:l q !'j$.5' scale and the spread of infor;:ssi, inF1 derived from them for the improve. ment of general agriculture u;Is't =. )n.
 The importance of supervising ':;:&j' ness of great railways and .:ltlusl:'ili and the necessarT isrcs- tigation and prosecution of unla wlul business methods are another Hcct's- sary tax upon government wllich did not exist half q century ago.
 Proper Forms of Expenditure.
 The putting into force of laws which shall secure the conservation of our resources so far as they may he with ln the jurisdiction of tine federal gov ,rnment, including the most important work of saving and restoring our fol. asts, and the great Improvement of wa are al! proper government functions which must involve large if properly performed While some of them. like the reclnnli. ton of arid lands. are made to pay for themselves, others are of such III indirect benefit that this cannot be cx- pected of them. A permanent i'm provenent, like the Panama canal should be treated as a distinct enter prise and should be paid for by the proceeds of bonds, the issue of which will distribute its cost between the present and future generations in nc cordance with the benefits derived, It may well be submitted to the serioue of congress whether the deepening and control of the channel of Il great river system like that of the Ohio or of the Mississippi when defl- nitc and practical plans for the enter prise have, been approved and deter mined upon should not be provided for in the same way.
 Then, too. there are expenditures of government absolutely necessary if cur country is to maintain its proper place among the nations of the world and is to exercise its proper influence in de- fense of it's own trade interests ill the of traditional American policy against the colonization of Flu