Show DINGLE 01T THE DINGLEY LAW j Chairman Dingley says that the estimated I es-timated deficit for the current fiscal I year is 28000000 It is already greater I than that by the sum of 518000000 Should the revenues of the government for the remaining six months of the fiscalyear equal the expenditures there would still be a deficit of 46000000 Tore To-re luce it to the sum named br Mr Dingley as the estimated deficit for the fiscal year there must be a monthly excess of revenue over expenditures of 53000000 Is such a gain probable There are no indications of it at the present time Mr Dingley further says that the anticipatory importations had placed in the treasury before July 1 3S9CO000 Let that be granted for the sake of argument still if that amount had come in after the passage of the present revenue law there would have been a deficit just the same though of course not of so great magnitude The chairman of the ways and means committee talks about where this sum in equity should be credited It isnt a question of equity or of ifs ands and buts but of cold facts and figures Whatever may have been the defects and shortcomings of the WilsonGor man law they are no excuse or justification justifi-cation for the defects and shortcomings of the Dinsley law it should have cured the defects and shortcomings of its Dredecessor Even avowed friends of the measure have grave doubts whether the present revenue law will ever do what they had hoped it would What the people want is a revenue law that will produce revenue and not arguments ar-guments and estimates No matter what party enacts defective revenue legislation the whole country must suffer as a conseQuence of it The country needs revenue and it is the imperative duty of congress to enact such laws as will provide it |