Show TREASURY SURPLUS OWING TO WORKING OF TARIFF LAW Great Enthusiasm Shown by Chair Chairman Cha r man Payne and Other Lead Leading LeadIng ing ng Republicans Washington April 9 We have crossed the Rubicon For Por the th first time in its history the Payne Fayne tariff tar f act yesterday turned the tide tig and gave I us a surplus instead of a deficit The speakers were Chairman Sereno Payne of the House ways and means committee and his two chief lieutenants John Dalzell of Pennsyl Pennsylvania Pennsylvania vania and Henry S Boutell of Illinois They were congregated in Mr Paynes committee room and they spoke in lit unison and most emphatically of the success of the new law The surplus of receipts over expend expendi expenditures tures at the close los of business last night said sald Mr Boutell speaking for Cor or the three was waa Subtracting from this the received on account of ot the cor corporation corporation tax and which Is In litigation wo we have a net pet surplus of or 2000 in round numbers which Is absolutely Considering that the Payne law did not go Into effect until August 6 5 1909 we consider that it has made a remarkable showing the most extraordinary indeed ever made by any an tariff law It should be b borne borie In mind he continued that this surplus has been attained in the face of most extraordinary expenditures prin principal principal cipal of which was waa wa made mada on account of the Panama canal During the period in question has boOn been b en paid out of the general fund for the t e construction of the canal and that will be e reimbursed by bonds Entering into details to explain the method of ot his hs calculation cal Mr Boutell said ald that tl at from July Tul l J to August 5 the Ute 4 date the Payne law went want into eff eret d there ha had hati been a deficit of Ji while at the close of business yesterday e the lie deficit had fallen to leav lea ing Payne Dalzell and united In the prediction that the entire deficit would be wiped out before the end of the present fiscal year Mr Payne entered Into aa all argument to show that the Increased cost of liv Ing tag could not be attributed ted to the ta taIn rift In not a single Instance declared hs he can such an Increase be traced to th tb tariff Duties have not been advanced by the present law but In tn many in stances have hava been beeD reduced r This is espee ally true in the case caso of meats The ad vance van e In prices of commodities hag bag been due to the increased demand which m in il I turn is attributable to the universal em of ot labor at the theold old or improved Wages age demand The he supply baa has not kept up with U Un tin r i tIC r 1 j c |