OCR Text |
Show Touching the question of revenue needs, the President points out that a deficiency is inevitable so long as . the expenditures of the government exceed its receipts; that it can only be met by loans or an increased revenue; that there ought to be but one opinion as to the alternative to be adopted, and, to sum up, that we should have more revenue, and that without delay, hindrance or postponement. So much being premised, pre-mised, it is further pointed out that the country clearly opposed to any needless additions to the system of internal taxation. Duties on imports im-ports must be looked to as the main reliance, and in their imposition, the President says, the principle which should be followed is that which goes generally under the name of protection. In the revision of the tariff, he further suggests, especial attention should be given to the reenactmen and extension of the reciprocity re-ciprocity principles of the law of 1890. Bradstreet's. |