Show J fI ST GUN GUNIN IN DEBATE FIRED ii T BY MR ALDRICH Tariff Bill Now Before Senate and Made the Unfinished 11 j Business DANIEL OF VIRGINIA 11 SPOKE FOR MINORITY MEMBERS OF LOWER HOUSE J CROSSED OVER TO HEAR CRIT CRITICISM CRITICISM CRITiCISM OF THEIR MEASURE A V VA A April IS ish The tar tariff t tIff iff Iff if i khat i Ui was opened in the sen sett senn senite la when Senator Aldrich ill n ite u U r o i at it length the pending had been reported A rm I tIP tin ommittee on finance He Her HeI HeIrd r l I Ird no throughout t his hi remarks At MI v h ere eN listened to i not ot only r v Y dY i Y senator but hut by Speaker I i n and anI members of the house househ v v h ft ted the chamber for tOl that orl V Daniel the senior minor fn ti t r r N mt of the tb committee on oni i followed S stator ator Aldrich ind i Iid id down tk general line of that will win be made to tr the pending measure by the Demo Demoi Demorra rat I x AZ i 1 l the senate nate ad Islington April DIn iLIn In opening the h hit i on fl the pending tariff bill today v IM 1 at tr r chairman of the te com corn W t r n II finance assured red the senate in Int inI wt t I positive e terms that the bill re rl from the finance committee uld ul produce ample revenue for the He suggested suggest ed that if by It b possibility these th estimates should W WOM OM 1 V to ti o be incorrect the duty of ol con COR CORl rt l be to reduce expenditures I d l make nak them then conform to actual reve left revel reveir ir l and not to impose new newt I t onerous nerous taxes Against Income Tax u ulo lil he did not refer specifically to J proposition to impose impo e an income his statement declaring that am may be derived from other l roes rees was accepted as direct I r n fl to all such propositions J JF I F every eVEn senator was wag present p ent h l n Jl Mr A Aldrich Alarich Id rich spokE pok and most moot care cre ca attention wag u accorded him lIi im on both Nth is fe Ide et of or the chamber c several Seal leading ator ato to repty to Kf deferred doing so no until they jid uld carefully ta fully study his hI statements On the desk of each ench senator was wa a aI I D of or the text of o the Dingley law with the Payne tariff Mil IMIL as asi I i ased by the howe house and as amended id reported from the senate te commit Ii nn on finance In addition a state tate i en t t was furnished to each eacIa senator 1 owing the estimated revenues ander I present t law compared with the mended Payne bilL I House and Senate Estimates Mr Ir Aldrich called attention to these theae I in beginning his speech The Thet t increase from customs over the ex ox exI I ting law was estimated at I T r the Payne bill as U passed by the thease theose ruse ase and under uDder the bill as ported from the fhe senate committee In akins aking akin the estimates the revenues pro iced in 1908 1906 were used 1 Id in attaining the with the house bouse bill and the venues fIlut for 1997 1907 when the imports re much nu larger in arriving at the with the possibilities p under 1 senate bill Mr Aldrich believes it 1907 was wa a normal year white while Rep Hep Payne Pay chairman of f the OM th use Committee on ways and anti means ans AS es 1905 1906 was wa the last st year yr when were wt re normal Speech h of Mr Aldrich Mr lr Ir Aldrich said in part The at aI question to which I ask uk your JOur At mt today is Win WIll fl the tile Mil bIl as re ie rented from the committee on oit finance duce sufficient revenue when taken 1 with the internal Int revenue revenues i s to in moet met the government expanses 8 additional taxes r I answer hesitatingly that It win wID j Mr Ir r Aldrich submitted wm vIn mK the th receipts disbursements I and deficits actual and ad ed end e tI a at d of the treasury for tile the fiscal ft aF llO 1000 to t mt 1911 inclusive His ms end estl a ate e for the fiscal years uN U to Mil 1111 Milc c were as follows i a Din Dis Vr par Surplus ft 4 aMMee i Canal Cinal lii In these e 1 statements both bob the r rc l l n j d tor for the Pa p oa na canal anal have han been eliminated for lor foris iou is reasons ns said enid Mr Aldrich It IK of wbk has I kl It approval PP wal that p pay y ym 9 nr nt t f fr the th canal anal and to tu construction n m ui ua H b bP made raade jp j canent reve ree If nJ J met by the sale Ie of o bonds figures sur s de all Jt at receipts WI i IiI h except those or of t the I 11 iT f and the Panama n j L ht hut the postal deficits de itz ta are re in tj r Continued on Page Pa jc 2 Iii I FIRST GUN GUr IN I t DEBATE DEBATE FIRED ALDRICH i I Continued from Page 1 i f eluded in all cases caRS in the disbursements its The IThe statement consists l of the actual a i official ecial figures of receipts and 00 disburse disbursements 4 ments for the years ea 1990 IOe t and 1908 1 Indu Inclusive i sire sive and shows that toot fn In these e years rears the act of 1157 I ext existing tg law produced a surplus of an aa average yearly surplus of ot I I Estimates by Treasury Experts t Mr Nr Aidrich Aldrich explained that lie he arrived j jat i at his hili estimates from data secured red In consultation with treasury experts I Taking the present fiscal year ear for tor I I example fled ant we have lave the actual fig dg figures Urea ares for nine and months i I which ate are Receipts dis disbursements dl disbursements JWJ lS snowing showing a de deficit deI fleit cit of JS 94 he continued I I have taken UM u disbursements of ua for nine and months and estimated those for the succeeding I two and oh months on the same seme haste basis reaching the result of or I I MO MOin V I in making the estimates of or receipts of 1 the th actual receipts and disburse disbursements meets ments for tor the first ArM nine and months being available the figures for forthe forthe forthe the remaining two and on hal months I are re based ba on those ascertained results and indicate h receipts for tor the year of I 47 The figures snow show an esti estimated estimated mated deficit of or Appropriations Already Made For the year e r iSiS 1111 the appropriations tlona tion have already been made and the amount which win be expended can be foretold with approximate accuracy In Ia making the estimates for these ex cx expenditures I have taken the grow gross apple appropriations for the year LO WOe and deducted the th appropriations a for the post postoffice postoffice office omee department tb the V staking fund M Jo OM e the national bank fund and the Panama canal expenses sea r and aDd have hate added the official es s for fer the postal tal deficiency for tor the year ear SOO showing a probable total expenditure es e of If th tM the pending Ing bill euld uld Id l 1 become a law before the of lUBe June n next the cue cus toms tome revenues for the entire year of 1910 would be he collected under its pro provisions provisions visions and the results rt ulta tonsil tute the crucial cru 1 point in our investigations Question of Revenue I V Dr f tile the rP poso M or of ascertaining the I relative producing qualities of the ate te bin and al d the act of UK the corn com committee on finance has h bad prepared a statement which is fa laid before the senate te today toda It applies tile the rates rat of the Ute senate bill bOl to the Importations of We Pe have hae selected eJected for the comparison on as this w was the last las year In which Ilk the finances acell and of the Ute country were in a normal condition The statement shows show that if the senate seDate bill had been in force for e In Vl l 7 the customs revenue venue produced prod br bs it would have been S greater than those te collected un us under URr tier der r th the Dingley act the total being JC Un ft under ib art act t of 1 7 and aDd 1 MOOt under r the senate bill MIL This Tills Increase I of oi revenue ta is due to ad advances 41 vances rances in rates ratH on a few articles of lux luxury ury ur such aa as wines i spirits rata etc ete It to ss also due to the substitution made In the bill billin billin billin in an all cases ca where it was possible IbIe poi of ape specific specific due for ad valorem valo m duties dude This Tate will pre pee prevent vent ent and consequently veRtI in hi increase Cl crease revenues revenue Other changes will be Included af at the comparative revenues revenue Changes Proposed The changes we propose to make In Inthe Inthe the administrative act Includes 1 I new definitions of dutiable value alue and I 1 I i i i I I I I I new methods in its It proper ascertainment erta as 3 I 2 more collection machinery Z a i provision for the creation of a customs court i to insure uniformity uJ of decisions in Hi customs cases j The extent of predicted i under existing law Is variously estimated I I at t from M It to S iper per cent ceat of the revenue i I collection If any considerable rable portion of I I I this practice Is f corrected by the provisions iona I I I I have bave alluded to we can safely add I 69 to the estimate in Kl ll making snaking a I total estimate of or revenue menus for IMA 1310 based upon the Importations of I I I r have hare lun assumed that the Importation of I MW Is I the proper baste basis for comparison CO on We should not lose sight of the fact feet that I there th will be approximately of people more id II h the States Stat to be provided for In hi lI than m In MW UT and lid if I other conditions remain the same selBe there will be a natural from this cause The committee believes believe be that the extent of importations and rewriting revenue ue will willbe Willbe willbe be greater than In 1917 because of Im Improved proved business condition conditions I Revenues Increasing Business activity and the movement for Increased ecI importations has lias already aldy com corn commenced I I The customs receipts receipt for C the i i business days das from March 1 11 I Ito to April la tri inclusive as compared with Ith I j Ithe I the corresponding days day In n 1 I I I I or 01 an n average ra daily claDy Increase e of iO L Li j i This Thill Th Increase aoe seems to be as ma mathe 1 t the report for the last Ju day lIay which h I have ha April jj 11 Ie shows show sho receipts from all n 11 sources source I I Tr r a as 5 compared with receipts of 1 Ilao on the corresponding day of I i last year I i There IB l no Incentive for there en enlarged I Urged importations except improved eon OJ I IS j S diLlon of the country and reduced stocks stock j let of imported merchandise The character I i of the thO legislation proposed pr no reduction I j for accelerated Imports as es there are re ii j I i no io to rates above the rates ra imposed by b the lb act of lIr it must BUlet be conceded that the era of prosperity which wt eom eem ced the first Ant part pan of or March te Is likely tely J to continue uninterruptedly with the tile enact act enactment e mast ment t of wise tariff legislation V Claims C alms Conservatism Cons Ii i The estimates I t have baTe made of in increased I creased revenues are mOlt moet conservative COD If the same esme rate of o 0 increase which has bu obtained since sines the first of March should be lie applied to the eighth month of the tM I seal local year tt lilt not covered eo red by the period of fit Improvement in this y ar r we should then have ha an increase over the receipts I for t r UK Ute present fiscal year say y and aM S making a total ef ot J l lBS BS without taking Into loto account aa the addi additional additional I sources of oi revenue provided for For Tor mi 1511 I 1 have ha woe estimated an Increase Iner I I of revenue of J s OO and a redaction of I expenditures of er t a consequent t surplus of 1 I If It the statements I have bae submitted are nrc re Bi tely correct the tile independent question n arIes arIesS a S Tn ilat way Is 15 the th treasury to te take takeS S a f O of t ti deficits Indicated for ter or the tM pres pre present pret ent r t a 41 t j the t he following fattening fiscal C 1 years yean Alleged Treasury Surplus us r reary eury uzy hae ho ba today to ll Including t L which it Is entitled to receive re ve I L for reimbursement of canal expenditures I a practically tb i of r f available surplus over oer a necessary working balance This Thi surplus le t likely to be reduced MO MOby by June II by additions to the Ute deficiency I for the current lineal fiscal year leaving on en that date an available surplus ef of If tr trIlly I Imy my Illy estimates for 1015 are accurate the I I estimated deficiency of to In that year yr would uld still leave a of 01 41 which would be ba increased i in the i years jears 1 1 I 1 have assumed lI umed that canal capal bends beOO can S be sold to an amount which wilt w rein relm III I horse burs bu the treasury for Cor all an payments IRea on Oft onS t account of the canal Further legislation S will however hoever be necessary If this lids kill bill Will WillIs I Is to secure that result 1 I The comptroller of the treasury has i held that t MM 6 of the amount paid I S SIs is 18 not under the provis provisions provisIons ions of the existing tiRl law Existing I lation only oaly authorizes 1 the issue of 2 C per percent i i cent bonds which must be sold old at not less I Ithan j than par These could only be he purchased by or for the national banks It wUl therefore tM fore be necessary to authorize the i secretary of the treasury to sell bonds bon of a different class i I floods Bonds redeemable at the pleasure ure of the government after fter a few tew years n could undoubtedly be sold Old at a rate not exceed exceeding exceedIng ing leg 3 J per ver cent ceat Economy to Be Practised Stating Statin that he be was aware that the ac c accomplishment of the reduction in expenditures be had suggested for mi 1511 In his estimates e would be surrounded with great difficulty Mr said the tile ra za with which our national I expendi expenditure ture tures had h Increased within the past t three th p years was a source BOane of anxiety if not of or slam alarm f I Simultaneously with the in bs re receipts receipts of ef JIt front from 1557 to INO we weI have ba bad had an 11 increase in is expenditures ex of be Ite saW said MI It is but fair to say sa I that when the appropriations for fee the year 1908 lI were ere made the country had bad not been I overtaken by the panic of Joo But a different condition existed exist when the appropriations for the year yr 1941 were made The Tile fact that the appropriations were lees leee than the estimates does not re relieve relieve lieve congress from trem rosa responsibility for Cor their unprecedented extravagance No N o excuse whatever can be found for similar legis legislation lation in n the future It Jt is i important In the tile Interests of the public service that a radical change in ia inthe Inthe the procedure with reference to aJ appropriations aLiens atton should be made Could Have Saved II It should be the function of the tM com cons i ml t tee on public expenditures recently ere cre created I ted to take into consideration long Ion be before fore tore any anh an appropriation bills Mil are received from the house hOUR the estimates estimate and nd needs of f the various arous departments and siad report I I their recommendations to the senate In hi InI I order that responsibility for tor ex cx extravagance tTa nce be clearly fixed I T am myself satisfied ti ted that last years year appropriations could have hare been reduced at least amon W 9 without impairing the efficiency of the public Dublin service aenice In the work of necessary reduction in 1111 expenditure and aDd In reform in III methods of 1 appropriation to which the senate Is la IsI pledged I am authorized authorised to say uy that we haU have hae the earnest support said and co eo cooperation cooperation operation of eC the president and all the tile admin titration Against New Taxes j jI hI I ma mar be asked ked what hat would GUd happen if it should happen to be found that I T have been Ii or |