New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-12-18
Minority Figures Different.

,fter Senator Simmons had state
,as reeds of the Treasury, Senator
gprose declared that Mr.. Simmons's
.vufes eave little idea of tie depior-
re condition Of the Treasury, which
oalo be shown when the igures were
resented 5y The minority.
On. cpp,Ee..- attempt 70 explain
d,fc.t by blaming II to the war IN
rope SAID Mt Penrose. 1t VII! be
So. s shown that the large amount OF
1or,s. Il they carried q sufficient
=. would be sufficient to meet al,
a. The condition would. in fact,
2 thousand times worse Z Il were
ot ior me var The war Is the only
nc tha; has saved the Democratic
iy rom the most gigantic collapse
seer ir history.
believe a deliberate idea ran
eng. hc Underwood bill of reduc
,lc revenues so greatly as to maze
.sgi taxation necessary. How other
Use caa the folly CT the sugar and
her schedules be explained? But w
lye had our experiment with free
.-de. and we have had our lesson,
nd in my opinion, the people wall at
he earliest possible moment return 10
protection, and another generation vii!
ave passed before they viii sban
.o1 Il"
We will agree with our opponents
aai they have made mess Of the
aanees' declared Senator Smoot, who
olowed Congress must furnish the
aoney o. the government will 90 5ank
opt And they have sent US here 70
gork on one Of the most remarkable
statements ever issued by Treasury
IN the estimates prepared, every est
nate Of revenue has been magnified
snd every estimate Of expenditures has
been minimized. When the facts are
81 known il will be found that the
actual deficit is nearer S300,OOO,OOc
ihan the Sll2,O0O,O0O stated by the
Treasury.
Says War Not the Cause.
The Underwood tariff act is respon-
;lele, and not the war, for this deplor-
able condition. There has been very
snail falling of in imports, but great
crop N revenues In addition, the Dem
oerstic party, after its many pleas for
economy, has in the last Congress in
des! ed appropriations S2l0,388,8lO.lO
over those Of the previous Congress.
ne cost Of living has not been re-
sseed, and the Democratic cry that the
arm reduction would make living in
las country more reasonable has fallen
Sat
! admit that we have prosperity,
'ai the kind u prosperity ! want does
10Y depend on the roaring Of cannon
ana The bursting Of shells, nor on how
great number Of widows and orphans
can be made In foreign lands"
senator Underwood challenged any
one 70 show that the law which bears
ss name was incapable at the time Of
- enactment Of providing all neces-
az expenses Of the government. He
alo mat no man was wise enough 70
.se 80 far into the future as TO be able
astermine what effect coming events
$esid have upon such legislation.
ne country should bear In mind, Mr..
Norwood declared, that when the
resent revenue system was inaugu-
s.sd for that fiscal year the ordinary
,,Nndliures Of the government were
'StVOO,OO0, and that since that time
= expenditures have increased until
y estimated that the ordinary eX-
natures for the next fiscal year ex-
~.si'e Of anything additional for war
Exposes will amount 20 $4,000, 900.
ls,uolieans, he said, had voted for
Isss Increases In greater proportion
the Demoy ats, and they must
az az their part Of the responsibility or
.,lisss that they voted for legislation
- o'ssr 20 embarrass their opponents.
Underwood Would Tax Wealth.
When the present law was passed"
.-lnusd Senator Underwood. cit was
nsst the expenditures Of the govern
/. ~ bssed upon what was necessary
. w. not in 1917"
vas the intention Of the trainers
. We law, the Senator said, % de-
is the tax upon consumption and
&c an Increased tax upon wealth.
-. Underwood showed that the Gus
81, house receipts FOR 1912 were
E.tt|Il 700; for 1919. S5l5S9i 900.
~ enasf the Payne law, and in 1914.
-.S'.Io,OOO under the present law. The
-. from 1913 Was SZG, 900 900. but un-
,,. we REVISED corporation tax Of the
G.sni Law the amount received from
~ source wss t55 10000, as against
TS'tlV.yOo; and, IN addition. Sal 900, =
~. hso been raised from the income
80 % hat, on the whole, he said.
n.s mere had been a loss from Gus
- Of Sls,OO0,0O0 there had been an
g 81. Of more than 100000 from
income tar and the corporation tax.
q. .yagfess adjourned tonight for the
- s'sunat holidays. after the Scrate
49,, -ooptsd the Joint war tax exten-
- 80 resolution. Both houses viii re-
4 .ss a. noon on Tuesday, January
p,...s ISL tae administration legislative
lis,,shhnf, Including the plans for ns-
ts,s. defence, will be undertaken In