The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1909-04-19

ilscal year OF 1910 would he collect
ed under It's provisions, and the prob.
able results constitute the crucial
point in our Investigations.
For the purpose of ascertaining the
reiauVe revenue producing qualities
of the senate bill. and the act of 1897.
the committee on finance has had pre.
pared statement. which Is laid be.
lore the senate today 1t applies the
rates of the senate bill TO the imnor
tationS of 1907. We have selected
1917 for the comparison. as this was
the last year in which the finances
and business of the country were in a
normal condition.
The statement shows that IL the
senate bill had been In force in 1907
the customs revenue produced by il
would have been $S.000,O00 greater
than those collected under the Ding
ley act. the total being 1892 900 900.
under the act of 1897, and $3i0, ,0OO. 900
under the senate bill.
This Increase OF revenue is due TO
advances in rates on few articles OF
luxury, sucn As wines, spirits. etc.
1t is also due TO the substitution made
In the bill in all cases where 1t was
possible, of specific for ad valorem dut-
les. This will prevent under -valua-
tion and consequently increase reve-
nues.
"Other changes Will he included at.
fecting the comparative revenues.
The changes We propose TO make
In the administrative act incmJe:
New definitions of dutiable val
ue and new methods in its proper as
certainment; 2-More efficient collec.
tion of machinery; "a provision for
the creation OF customs court 10 in
sure uniformity OF decisions in Gus.
toms cases
THE extent OF under valuations pre-.
dicted under the existing law. is var
icusly estimated at from ten TO TWEEN.
tyfive per cent of the revenue col
lection. II any considerable portion of
this practice is CORRECTED by The pro-
visions | have alluded to, we can safe
ly add five millions TO the estimate in
1910. making total estimate of Teve-
nue. for 1910, based upon the impor,a-
ton of 1907. $935 100000, have as
sumed that the importation of 1907 is
the proper basis for comparison. We
should not lose sight of the fact that
there will be approximately four mil
lions OF people more in the United
States 10 be provided for i'll 1910 than
in 1907. and II other conditions re-
main the same there will be natural
increase from this cause. The com
mittee believes that the extent of inn
portations and resulting revenue Will
be greater in 1910 than in 1907. be-
cause OF improved business condi-
tons
Business activity and the move
ment for increased importations has
already commenced. The customs re-
ceipts for the thirty-nine business
days from March to April 10, in
elusive. as compared with the CORE
spending days In 1908, S12.031 ,09SOS
or an average daily increase of S26l,-
$3.50. This increase seems to be pro-
gressive as the report for the last
day which I have, April 16, shows re
ceipts from all sources, $2,072 ,O71.S5,
as compared with receipts of Sl.2S3--
321 80 on the corresponding day OF
last year.
There is no incentive for these en-
larged importations except Improved
OF the country and reduced
stocks OF imported merchandise The
character of the legislation proposed
no reductions for accelerated im-
PORTS, as there are practically no rates
above the rates imposed by the act OF
1897 Ii must be conceded that the era
of prosperity, which commenced the
first part of March. IS likely to con-
tinue uninterruptedly with the enact
ment of wise tariff legislation.
1.-THE estimates | have made OF in
creased revenues are most conserva-
tive. If the SAND rate OF increase
which has obtained since the first oi
March should be applied to the eighth
of the fiscal year, 1910, not covered
BY the period of improvement in this
year. we should then have an increase
over the receipts for the present rs
cal year-say 100000 and S54,-
aOl 300 making a total of $349.iO1
900 without taking into account the
additional sources of revenue provid-
ed for,
For 1911, have estimated an fn-
crease OF S40,000,0 900 and reduction OF
of SS5.0000O0, a conse-
luent surplus of sS0,000.0O0
"lf the statements have submit
ed are approximately correct, the In
dependent question arises.
"In what way Is the treasury to
AXE care OF the deficits indicated for !
he present and the following fiscal? N
"The treasury has today, including |!
he S74.6S1, ,275.S5 which 1t is entitled |
o receive for re-reimbursement OF /
,ana. expenditures. practically $780,
)0O, 900 of available surplus over
necessary working balance. This SUR
illus is likely to be reduced $1,000 600 |
~ June 30. by additions to the de-
iciency for the current fiscal year,
eaving on that date an available sur
,lus OF S94, 100000 If my estimates i
or 1910 are accurate. the estimated |
OF $4,000, 900 in that year !
would still leave surplus OF $4,000
100, which would be increased in The
subsequent years. !
'I have assumed that Canal bonds
AN be sold TO IN amount which Will |
the treasury for all pay
l.