People's Pilot, Volume 3, Number 38, Rensselaer, Jasper County, 16 March 1894 — REVENUE ESTIMATES. [ARTICLE]

REVENUE ESTIMATES.

Comparlsoa Between th* McKinley, Wfl•on and Senate Tariff Bill*. *"• Washington, March 14.—The senate finance committee has been supplied with a- tabulated statement prepared by the treasury department showing in detail the amount of revenue which it is estimated will be received under the senate bill, if it should become a law, also giving the estimates under the Wilson bill and comparing both with the returns from the treasury department under the present law for 1893. The statement also gives an estimate of the increase in the internal revenue under the senate bill, which is as follows: Income, 130,000,000; spirits. 120,000,000; cigars, O.OOOjOOO; cigarettes, 11,500,000; playing cards, 13,000,000. Total increase, 163,500,000. The estimated duties of the senate bill, as compared with those of the Wilson bill and the returns under the present law, by schedules, are as follows, the figures first given showing in each schedule the returns under the existing law; the second, the estimates under the house bill, and the third the estimates on the senate bill: Chemicals, oils and paints—Present law, <6,132,650; house, <5,096,316; senate, <5,100,421. Earths, earthenware and glassware—Present law, <12,101,661; house, 18,078,228; senate, 18,. 689,344. Metals and manufactures of—Present law, 127,003,637; house, <15,769,653; senate, <15,775,815. Wood and manufactures of—Present law, •935,381; house, 1648,451; senate, <653,710. Sugar—Present law, 1193,294; house, <16,832; senate, 141,778,511. Tobacco and manufactures of—Present law. 114,831,989; house, 111,528,783; senate, <11,528,783 Agricultural products and provisions—Present law, <12,122,403; house, 17,969,748; senate, <10,271,189 Spirits, wines and other beverages—Present law, <9,698,336; house, <8,421,847; senate, 18,183,GOS. Cotton manufactures—Present i*w, <11,323,. 605: house, <7,885,585; senate, <7,885,685. Flax, hemp and jute and manufactures of— Present law. <18,767,353; house, <12,724,279; senate. 112,773,735. Wool and manufactures of—Present law, <36,. 448,667; house, <14,714,879; senate, <2.979,346 Silk and silk goods—Present law. <20,310,258; house, <17,113,647; senate, <16,747,345. Pulp, paper and books—Present law, <2,070,125; house, <1,658,398; senate, <1,750,893. Sundries—Present law, <13,982,275; house, <12,. 794,208; senate, <11,312,838. Unenumerated—Present law, <272,644; house, <372,614; senate. <272,644. Articles transferred to the free list—Present law, <12,170,167. Total—Present law, <198,373,452; house, <124,693.004; senate, <165,093,771. The average ad valorem under the present law is 49.98; under the house bill, 85.62; under the senate bill, 34.19. The comparison of the sugar schedule shows that during the last year 15,490,757 gallons of molasses were imported, upon Which no duty was paid, but which under the senate bill would produce $809,815. During the year 3,531,219,367 pounds of sugar, valued at •114,959,870, were imported free. Upon this the senate bill would yield a revenue of $41,043,413.