The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1909-04-20
SENATOR hLDRlCH PRESENTS
FINANCE BILL TO TIE
UPPER HOUSE.
EXPLAINS THE CHANGES
as Amended in the Senate Commit
tee Sets Forth Alterations IN Pro-
posed Law and the Reason for Them
Cannon Listens to the Talk.

! Washington April 19-The tariff
debate was opened in the senate TODAY
when Senator Aldrich reviewed at
| length the pending measure which had
| been reported from the committee on
| finance. He received practically no in
terruption throughout his remarks,
| which We're listened to not only by
every senator, but by Speaker Can
| non and members of the house of rep
| resentatves. who visited the chamber
for that purpose
Senator Daniel, the senior minority
member of the committee on finance.
| followed Senator Aldrich and laid down
the general line Of opposition that will
be made to the pending measure by
| the democrats.
Mr.. Aldrich said in part:
| THE practical question to which I
ask your attention today is Will the
| bill as reported from the committee
| on finance produce sufficient revenue
when taken in connection with the
| internal revenue taxes to meet the
| government expenses without addi-
tional taxes?' l answer unhesitating-
| ly that it will"
| Mr.. Aldrish submitted statements
| showing the receipts, disbursements,
| surpluses and deficits, actual and es-
| timated, of the treasury for the fiscal
years 1900 to 1911. inclusive. His es-
Inmates for the fiscal years 1909 to 1911
| inclusive were as follows:
| Fiscal Dsburse-
year. Receipts ments Surplus
! 1909 s605, 047, go 1914 309. .6S9 1863 462, ,45O
| 1910 55,00O,000 700, ,00O, 900 AZ, 900, 900
1911 695, 900 5000, 900 30,OO00O0
*Deficit.
Sale of Bonds.
| In these statements both the re-
ceipts and disbursements for the PAN
| anna canal have been eliminated Tor
| obvious reasons said Mr.. A,drich.
1T is the policy of congress which
| has | think universal approval, that
payments for the canal and its con-
| struction should not be made from
current revenues but met by the sale
| of bonds.
These figures include all receipts
and disbursements except those of the
| postoffice department and the Pa iama
canal, but the postal deficits are in
| cluded in all cases in the disburse-
| ments. The statement consists of the
actual official figures of receipts and
| disbursements for the years 1900 10
| 1905 inclusive, and shows that in these
| years the act of 1897 (existing law
| produced a surplus of $42S, 656, ,221, an
| average yearly surplus of $47,62S, 469"
| Mr.. Aldrch explained that he ar
| rived at his estimates from data Sc
cured in consultation with treasury
| experts.
Actual Figures.
Taking the present fiscal year for
| example, first we have the actual fig
ures for nine and one-hanf months,
which are: Receipts, 1868, 2,873; dis
| bursements, $533 $50, ,S15, showing a de-
ficit of s65, 943, 942," he continued. Il
have taken the disbursements of $685.
96S,S15 for nine and one-half months
and estimated those for the succeed
ing two and one-haif months on the
same basis, reaching the result OF
1914, 500, $50
In making the estimates of re-
ceipts of 1908, the actual receipts and
disbursements for the first nine and
one-haf months being available, the
figures for the remaining two and one
half months are based on those ascer-