Daily press. [volume] (Newport News, Va.) 1896-current, 1909-04-20
ALDR|CH TAKES ROsEAIE
VIEW OF HIS TARIFF BILL
Declares i VIII Produce Ample
Revenue for Nations Needs
WRh Some 10 Spare
NO NEW AND UNNECESSARY BURDENS
lntinnates Opposition to Income Tax
Declares Senate Bill viii Guido
DinsIey Law and Payne Measure a.
Revenue Ra:ser-Presents Figures
Upon Which He Bases Convictions.
NV Associated Press.)

Senator Aldrich, chairman of the COM
mittee on finance inppening the dc.
bate Of the pending tariF bin. assured
the Senate in most positive terms
that the bill reported from the COM
mi,tCe on finance wOuli reduce am
pie rc.cnue for the government. He
these estimates should prove to be
incorrect tn" duty Of Congress would
be to "reduce expenditures and make
them TO conform to actual revenue
conditions. aud not 10 impose new
and onerous taxes"
While he did not refer specifically
to any proposition to impose an In
come tax, his statement declaring that
ample revenue may be derived from
other sources was accepted as directly
in opposition to all such propositions.
On the desk Of each senator was a
comparison of the text Of the Dingley
tarif. law with the Payne tarin bill
as passed BY the House. and as
amended and reported from the Sem
ate committee on finance.
Senator Submits Figures.
In addition a statement was fur
nisheI TO each senator showing the
estimated revenues under the present
Law compared with the amended
Payne bill The net Increase from
customs over the existing law was
estimated at $1l.G6G.748 for the Payne
bill as passed by the House. and s.
934.426 under the bin as reported
from the Senate committee. In max.
ing the estimates. the revenues pro-
duced in 1906 were used in attaining
the estimates. the revenues produced
in 1906 were used In attaining the
comparisons with the House bill and
the revenues for 1907 when the i'm
ports were much larger. in arriving at
the comparison with the possibilities
under the Senate bill.
Differs From Payne.
Mr.. AlIrich held that 1906 was
not q normal year, while Represents
tive PAYNE, chairman OF the House
committee on ways and means, be-
lieves 1906 was the last year when
conditions we're normal.
III the pending bill s:iOuld become
a law before the goth of June next"
said Mr.. AIdrich. 1.-THE customs reve-
nues for the entire fiscal year Of 1910
would be. collected under its provis-
iops. am the probable results consti-
tu'e the crucial POINT In our investi-
e tons.
For the purpose Of ascertsining
the relative revenue producing quail
ties Of the Senate I'LL and the act
Of 1897. the committee on finance has
had prepared q statement. which Is
laid before the Senate this morning.
II applies the rates Of the Senate bill
10 the importations Of 1907: in other
words 1t shows the revenue thai
would have been derived upon the i'm
portation made in 1907 II the Senate
bill should have been in force in that
year.
Why 1907 We Selected.
We have selected the year Of 1907
for the comparison. and as this was
the last wear in which business Of
the country vas in a normal condi-
ton.
The statement. he said. shows that
IL the Senate bill he'd been in force
in 1907 customs revenues produced
by II would have been eight millions
greater than those collected under the
DinsIey law.
This increase Is Dire. to advances
Of rates on a few articles Of luxury
such as wine. spirits. etc. u Is also
due TO the subStitutions made in the
hill in every case which u IVES posi-
bic in everv form Of nd vaioem du-
ties. This will prevent under valua-
ton and consequently increase reve-
nucs. This increase viii BE- more
marked in the silk schedule than else
where.
Ousiness Activity Arriving
"BuTiness activity and the move
M Mt fc- increased importations has
already S~mmepred. We can feel the
change in - r.. The customs re-
ceipts for the 70 business DAYS from
March TO April IS. inc!Gsiye. in
creased. as compared with the CORE
spending period In 1908. were 81 .2os.'
Is3. %. or an average daily increase
OF 1851 .s4s 50. This increase seems
10 bc Progressive as the report for
the last dav which ! have. April Is,
shows receipts from al sources ~.