The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1914-03-28


The treasury's calculation of results
is for a full year, whereas the first
collection Is for a ten month period
only, or one sixth less than the esti-
mated S50,0OO,OO Thus reduced, the
total available for treasury purposes
beginning July will be under $42,-
000, 1000. This. be 1t understood, Is
aside from the increased receipts ex.
pected to be derived from the amend.
ed corporation tax provision, probably
100000 or a total of s47,O00.OOO
wherewith to Offset the heavy cut in
customs receipts, which source @.
revenue has yet to feel the effect of
putting sugar on the free list.
The partial reduction of the sugar
tariff put into force March VII, not
cause loss this year in excess CT
1000 900, but eventually It will ag.
gregate $50. 100000 year, which item
alone offsets the income tax revenue.
Treasury officials who few months
confidently held that the loss in Gus
toms would be cared for by the in
come tax now decline to discuss the
effect Of revision on articles other
than sugar, and which totaled $lo.-
900 900 in February, but they cite in.
ternal revenue returns as showing
gain warranting them in saying that
the bureau is coming to the rescue of
the treasury.
But how much comfort is derivable
from II gain of $2,S7O,O0O in internal
revenue as against loss Of $4,000
COO in customs? Besides internal rev.
enue is decreasing at this time. The
increase over last year, which rose
in November to s5,OOO.OOO had dwin-
died to $1,5OO,OO0 on March 8. For
that matter, the treasury receipts
from all sources decreased at tie rate
of $500, 900 day during the first laws
of March, compared with til. same
time last year. a surplus d: this
time last year Of SIC, 900 mas been
turned into a deficit of s2S 500, 900
a difference of $37,OO0,OO0.
The showing is alarming and GER
tainly demands more serious consid-
Grafton than the unsupported claim
that the gap in customs Is closed by
a bulge in internal revenue. The re-
ceipts are growing beautifully less
and the expenditures are mounting
gloriously higher from month to
month. And now comes the decision
of the board Of general appraisers de-
claring that the FIVE per cent discount
on all imports carried by ships Of
American registry is valid. The de-
cision, If sustained by the higher
courts, means further loss Of $40,
600, 900 in customs and opens our mar
kets wider than ever to foreign COM
petition.
The revisionists, in reply to criti-
cisms, declare that the new law has
not been in operation long enough to
achieve the things predicted for 1t
by its authors and they repel every
suggestion as to amending it; and
In that view Of the matter It is to be
assumed that they are quietly can
wasting some plan of new financing
for the relief of bushes and the trea-
sury pending the development Of con.
elusive results a. regards the advan-
tages Of downward revision.
Can there be any doubt Of the
course the friends Of a truly Ameri-
can policy, as against the present for
eien policy, will take at the earliest
moment? They can not lie blind to
the deadly parallel with the former
Democratic administration of 1888
1897. Within two years after It's
beginning an army of 100000 men
were unemployed. At the present
gait, this army will be more than du-
plicated very soon. Then the Coxey
army was regarded as novelty. To
day the first sound of its march upon
Washington is looked upon as most