Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1909-04-22
SEN. ALDICH'S STATEMENT
Mr.. Aldrich said in part:

MI AluIlCI sdlu Ill part.
The practical question to which ash.
your attention to-day s VIII the bill,
as reported from the committee on
finance produce sufficient revenue when
taken in connection with the internal
revenue taxes and other existing sources
Of revenue to meet the expenses Of tho
government without the imposition of
additional taxes?' I an-wer unhesitating
~, after a thorough and careful in
vestigation of the facts and the cond-
tions likely to surround the problem tlR t
It will"
Mr. AIdrich submitted statements
showing the receiDts disbursements.
SURPRISES and deficits, actual and
estimated Of the treasury for the fiscal
years 1900 to 1911 inclusive.
in these statements both the receipts
nnd disbursements for the Panama canal
have been eliminated for obvious rea-
sons" said Mr.. Aldrch -'Tt is the pol
icv OF Congress. which think has uni
vcrsal approved that payments for the
ranal and its construction should no. be
made from current revenues but met by
the sale Of bonds
THE figure. / submit include all re-
oeirts and disbursements except those
% the postoffice department and the Pan
ana canal. but the postal deficiencies
are included in all cases IN the dsburse-
rcnts The statement consists Of the
actual official figures Of receipts and dis
tnrsements for the years 1900 to 1908 in
elusive. and shows that in these years
tho act of 1897 (existing law produced Il
surplus Of s42s, 1921, an average yearly
Surplus of s47,scs,4es. The statement COM
Inerces with the year. 1900 The Spanish
war followed the enactment of the act
Of 1897, and the revenues and expenses OF
the government did not reach normal
conditions until the year 1900"
FIGURES FOR PRESENT YEAR.
Mr.. Aldrich explained that he arrived
Mt his estimates from data secured in
consultation with treasury experts.
'Takng the present fiscal year for
examination. first. We have tho actual
figures for nine and one-half months.
which are Receipts. s4s6,op.S 73; dis
huresments. 1888 SIS showing a deficit
OF s65,943.942," he continued.
Il have taken disbursements Of
s533.ss8.s15 for nine and one-half
months and estimated those for the
succeeding two and one-half months
on the same basis. reaching the result
of $674,50s.6s0.
1.-THE customs receipts for the re-
naming two and one-half months Of
the year 1909 will probably be collect
ed under the terms Of existing law.
"In making the estimates of receipts
Of the year 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
sscertained results. and indicate re-
ceipts for the year of 605,04T,230. The
figures which must be very nearly ac-
curate show an estimated deficit at
the end OF the year of s6o4s245O.
FIGURES FOR 1910.
"For the year 1910 the appropria-
lions have already been made and the
amount which will be expended can
be foretold with approximate accur-
,acy.
I'm making the estimates for these
expenditures l have taken the gross
appropriations for the year. 31,o44,0O0,-
900, and deducted the appropriations
for the postofflce department. 1926, 900, =
900: the sinking fund. $50 900, 900; the
national bank fund o,0o0, 900, and
the Panama canal expenses. $4,000
900, and have added the off1cial esti-
mate for the postal deficiency for the
year. s2O,ooo,soo, showing a probable
total of expenditure Of 100000, 900.
In fact, it Is hardly possible that this
total amount will be expended.
IF the pending bill should become a
law before the 30h Of juno next. the
customs revenues for the entire fiscal
year Of 1910 would be collected under Its
provisions, and the probable result
constitute the crucial point In our in
vestigations.
REVENUES UNDER NEW BILL.
For the purpose Of ascertaining the
relative revenue producing qualities OF
the Senate bill and the act of 1897. the
committee on finance has prepared a
statement, which Is laid before the
Senate this morning. 1t applies tho rates
Of the Senate bill to the importations OF
1907; in other words, 1t shows the revenue
that would have been derived upon the
importations made In 1907 II the Senate
bill had been In force during that year.
1--WE have selected the year 1907 for
the comparison, as this was the last year
mn vnvy u,rr,U vnV, nVTVOO