Show c LESS REVENUE AFTER The half-hearted defense of tariff law at the Payne-Aldrich Saltair the other day contained the statement that the new law is producer than a greater revenue therefore it is a good the old But this defense is also a mis- tariff law has not the new increased the and notwithstanding the many assertions that of defenders to of its the fact is that the revenue fron imports has thus far under the present According to the statement put out by the treasury should either he subtracted from the receipts of 1910 or added to those of That sum is the the treasury was added to the Government's income from customs dues owing to the eradication of frauds at the New York Custom House by Collector While the treasury statement announced that the ordinary receipts for the first full year of the new tariff law were greater by almost than the ordinary receipts during the fiscal year 1907 this included the saved by Loeb and the derived from the corporation The corporation tax and the money added to the receipts by Loeb's reforms amounted to Deducing that sum from the receipts for the first full year under the new tariff the remainder for the fiscal year 1907 were which is greater than the receipts under the first full year of the new tariff During the fiscal year 1907 the customs receipts were while under the law the receipts were but for the last The higher duties of the new law in 1909 and 1910 produced a suit like that following the enactment of the avowedly upward made in McKinley Tariff law of two decades The receipts fell when the rates went By the the wisdom of a tariff law is not established by a new high-water mark m customs The offset to the revenue blessing begins where the tax falls on the home |