The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-08-09
Receipts for First Year Of the
Payne-Aldrich Tariff Meas.
ure Show an Increase OF
SIS, 600, 900.
ADMINISTRATION IS
FILLED WITH PRIDE
Surplus Of $50, ,000,0 600 Re-
mains on Hand After the Or.
dinary Expenses of Govern
ment Were Paid.

washington, Aug. JAS q reVsnuo
producer the Payne-Aldrich tariff bill
has given entire satisfaction to the Ad-
ministration and the friends and ad.
vocates OF the measure In the first
year OF It's operation, which ended last
Saturday night.
Acting Secretary Hills. OF the Treas
ury Department. has had prepared .
statement which shows that the ordi-
nary receipts OF the Government for
the first full year of operation of the
tariff act were nearly $15.0oO.OOO
more than the ordinary receipts dur
ing the fiscal year of 1907. which was
the banner year for the Treasury De-
partment In point of receipts. The
total for this year was $GG3. l25 .G50.0
and exceeded the receipts for any other
year by almost $GO.OO0.OOO.
Ia therefore pointed out that the
,ipts of the Government under the
first year Of the operation of the
Payne-Aldrich law are nearly $75OOO.-
OOO greater than In any other previous
year In the history of the Government.
with the exception of the year 1907.
surplus Of &2o.ooo,ooo.
Mr.. Hillis's statement calls attention
10 the fact that whereas there was .
deficit OF @5S.734.855 In the ordinary
operations OF the Government in the
fiscal year ending June 30. 1000. there
Was . surplus In the year ending Aug.
uDt Of something more than $780,
100000
There 10 . slight variation between
che conditions for the last fiscal year
under the Dingley law and the first
actual year under the Payne-Aldrich
law. by reason Of the fact that there
were IS days following July I. 1909.
when. In anticipation Of increased du.
ties under the new law. there was
rush Of importations affected. which
Increased the total for the month Of
July. 1909, by something like $5.0O0..
900, and which correspondingly oper.
ated to the disadvantage of the pres
ent law.
Notwithstanding that fact, however.
the total receipts from customs for
the first actual year Of the new law
we're 9329.117 .20S.11. as against $780,
111.000 In round numbers for the fis-
cal year Of 1909. S2S6. 900 for the
year 1908. 1892. .232 900 for 1907 and
$500. 900. for 1906.
Treasury Chiefs Pleased.
The Hills statement shows that in
addition to the amount derived from
customs. which. as stated. was $685.
1l7.20s.11. the other receipts were.
internal revenue. ordinary, $271 .120.-
1910: internal revenue corporation
tax. $27.09O.934.1S. and miscellaneous,
$5l.:52, ,5Sl.62, making u total of $685.
S50.Si60i as the ordinary receipts of
che government for the first year of
the operation OF the tariff law, or from
August s. 1909, to August &. 1910.
During that time the ordinary dis.
bursements OF the Government were
eG5S. S.266. .7s7.02. thus leaving a surplus
Of ordinary receipts over ordinary dis.
bursements during the first year Of
the operation OF the law Of $20.2l4..
O2S.ao.
This showing is highly satisfactory
20 the Treasury officials, and atten.
tion is called to the fact that the reve.
nue. derived from the corporation tax
feature OF the tariff bill was SCI .O9O..
e34. . sum only S2O7 900 less than the
amount assessed.
While the receipts from customs
during the first year Of the operation
cf the present law were grecter than
In any year with the exception OF 1907.
the greater showing of Government
receipts during that time Is only In
part due to the Payne-Aldrich bill, a
fact to which particular attention is
not directed In the statement OF Secre-
tary Hills.