Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1909-05-26
FOR MORE REVENUE
GOVERNMENTS INCOME MUST De
INCREASED.
TarifF Law Has to BE Framed with
This Object In view-Will
Senate Measure Sup
ply IL?

The present revision Of our tariff
and revenue laws was undertaken for
two reasons. The first was that the
Dingley schedules were out of dates
Conditions In international trade and
domestic industry have changed ma
terially since 1897. There was an evi.
dent need Of two-schedule tariff to
be used in dealing with countries
which had adopted that system, the
difficulties attending the negotiation
OF special reciprocity treaties having
been amply demonstrated in our ex-
periences In reaching agreements with
Cuba. Russia. France and Germany.
The American public had become con-
WINGED that the Dingley rates were, as
whole, too high. and that the protec.
ton which they afforded to domestic
industry was not eQuitably distrib-
uted. The trainers OF the tariff legis-
lation of 1909 have had to meet the
problem of>reducing excessive protec.
ton and OF furnishing workable
maximum minimum plan to be used I'm
obtaining most favored nation treat
ment In foreign commerce. The
~~s.'N Shais 90 ~ PdSotu Tic uOuSe, Was
long step I'm the right direction, and
II remains to be seen whether the
senate will approve and broaden the
houses work or try to combat and
neutralize It,
But congress has another problem
on Its hands In revising the tariff.
Since the passage of the Dingley law
the governments expenditures have
increased enormously. When the war
with Spain broke out extra internal
taxation was resorted to, and this tax
alton was not repealed for three or
four years. While it was in force the
governments ordinary income rose
rom si05,000,000 i'm 1928 to s5S7..
6S5.000 in 100000. The normal in.
crease In customs receipts and I'm re.
ceipts from internal taxation has lust
about sufficed In the last six years to
)nset the loss OF the emergency taxes.
me treasury's income in the excep-
-ionaliy prosperous year OF 1906-'O7
'ose to 663.140,OOO But IL fell TO
1893 100000 I'm 1907!OS. little more
Than equalizing the income OF 19OO-'O
Yet owing to the expansion of the
army and navy and the constant ex-
tension OF the federal functions our an
lal expenditures have now gone above
The high level reached during the Span
sh war. The ordinary expenditures for
1907'0S were $3.50, OOO. 900. and the ex.
penditures for 10000 will be nearly
$700,000.000.
Congress will have, therefore. to
provide larger revenue than has
been Afforded by the Dingley law. We
called attention the other day TO
Chairman Payne's estimates of the
probable yield of the house tariff Hill
as 1t came from the ways and means
committee. He figured out that Il
would produce $862,065,OOO allowing
$223,O0O,000 for postal receipts. or
1858 100000 without postal receipts. But
should postal receipts just balance
postal expenditures, there would re.
main appropriations to be met I'm
lSOS'10 of 1896 100000. Mr.. Payne
predicted that his bill would produce
enough revenue to come within s1O-
100000 of meeting expenditures fin
l9OS-lO. But he scaled down the
amount needed to meet the approprIa-
lions OF the last session by calculat.
ing that five per cent. of the money
voted by congress for the next fiscal
year would remain In the treasury as
an unexpended balance. Eve per cent.
OF the appropriations is $4,000, 900.
Inc chance OF this sums being left
unused Is not very great. The appar.
ent deficit under the committee bill
was, therefore, $56.OOO,OOO instead Of
slO'oOO'OOO. Moreover, the house
voted out of 1t duties expected to
bring In s10.0o0,O0O. and the senate's
changes so far. If they should be held
70 Include dispensing with the inherit
ance tax, involve the loss of 100000.
zoo more. The senate measure as IL
stands Will apparently create a heavy
deicit.-New York Tribune.