The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-15
Customs Receipts Larger
Than Estimated. but May
Not Suffice.
SUGAR DUTIES HELP. BUT
THEY'RE on TOBOGGAN
Democrats Hopeful That Some.
thing viii Turn Up to Re-
licye the Situation.

N,sHtNGroS. June 1.-THE failure OF
the income tax on individuals to yield
much more than half the amount ex-
nected from it has given Democratic lead
.rs shock
Another shock is administered by offi-
enl figures showing that the balance OF
trade has swung heavily against the
United states rs the result OF the new
tariff
Unless the present outlook changes In
less than year according to the pre-
dlc;ions Of many familiar with the affairs
Of the Government the Administration
will he obliged to revise the tariff law
again or issue bonds to keep the wheels
IN motion.
The Democrats estimated that the per-
.onal income tax would bring in abou;
$4,000. 900 for the first ten months OF
Ne operation II is now found that the
'aw will yield not to exceed s3O.ooo,OOo
IN the present fiscal year. although Secre-
,ary McAdoo has Expressed the hope of
Increasing the revenue from this source
prosecuting evaders OF the law.
lfu we're not for the fact that customs
-sc,p'- have thus far exceeded the esti-
mate ,he Secretary OF the Treasury prob
alb, would he obliged to report a deficit
at the end of the fiscal year
say McAdoO Is Too Hopeful.
some Investigators insist that Secre-
tary McAdoO's statement Is too hopeful
with his prediction OF a $40. 100000 sur
plus on June 80 next. The Panama Canal
payments. amounting to s37,500,000. are
no, included In this estimate, for the
Treasury is authorized TO reimburse itself
for these payments with these expenses
Included there would be deficit OF $1,000
o0O based on Mr.. McAdoo's figures.
The Democratic tariff law did not &c
into effect until october. 1918. In July
August and September of the current fis'
cal year therefore. the Republican tarlf
was In operation and the higher rates OF
that law were collected. For this reason
Republicans assert that the real test Of
the Democratic law Ii stir to come.
Under the Democratic tariff sugar will
20 on the free list on May /. 1916. Sugar
was the biggest single item of revenue
under Republican tariffs. II brought II
about $50, 600 900 a year. Beginning May
!, 1916, II the present law is lett intac
sugar will not yield a penny.
Furthermore It is pointed out that the
I'D RsnubIi,ap a N
ton for the first eight months of the cur
rent fiscal year and probably in that time
\ Welded $50 ,OOO.OO0 or something In excess
OF that amount judging from returns
from the preceding years.
Represent the Predicted surplus.
Tho receipts from sugar therefore rep
resent Just about the amount OF the sur
plus which Mr.. McAdoo figures the Treas
ury will have on June 80. Republican ar,
ssA.ng what the conditions OF the Treas
ury would have been II sugar had gone oil
the free list at once. AS President Wilson
Insisted. instead of being reduced on
aiding scale
The payne-Aldrich la imposed rate o
ABOUT l96 cents a pound on sugar. From
October I, 1913. until March /, 1914, tina
Ms the rate collected. on March las
'e rate vas reduced to II cent a pound
which rate will continue until May
1915, when sugar will go on the free list.
70 is APPARENT that the Democrats In IN
I.'-r.i fiscal year had all the Payne
A.p-l rates for three months and In ad
u.'.U 'ho FUN Republican rate on suga
'". Tive moro months of the iiscal yea
"'Hp'u'aus are asking how the Demo
''d' oApec, 10 make up for these losse
WA 10" income tax falling 100000
LIa.r the estimates
WIN" revenues are declining the eS
l''-.' = the Government continue 10 In
1 crease The appropriations of this ses
s''n VIII FAR exceed those made in an
''-'' session in the past. This Is cor
''1"' A' the Democratic leaders in chare
o. 'hr various supply bills.
They have tried in vain to keep dow
f'Ld.'ures Despite the dwindlng rev,
''N members have vigorously fougl
i''s ~ retrcnchment. Neither the AZ
'.'. 'tN.'n nor the leaders in Congre.
\ '.' "S'uu 10 any suggestions for a parti
y revision Of the tariff before the Novemb,
IL '' '"ns They are all agreed on Il
n t'~~os '.on that the party must go to Il
''".' this year on the tariff law as
t.,4
Nay Float IA bond Issue.
N" worst comes within the next fe
months 1t is expected a small bond issl
-