Rensselaer Semi-Weekly Republican, Volume 19, Number 91, Rensselaer, Jasper County, 22 July 1898 — THE DINGLEY REVENUE. [ARTICLE]

THE DINGLEY REVENUE.

It Is by $70,000,000 a Better Producer Than Its Predecessor, the Wilson Law. With June 30, the fiscal year, the government receipts which will be charged against the Dingley bill, although it did not take effect until July 24. 1897, came to a close. The gross receipts for the year, subject to revision, were: Customs $149,312,302 Internal revenue 168,931,011 Miscellaneous 84,710.996 T0ta15402,954,309 Included in the miscellaneous receipts was $64,757,223 from the Union Pacific and Kansas Pacific railway sale, reducing the total revenue from Quinary sources to $338,203,186, against $347,721,905 for the last year of the Wilson tariff. As a matter of fact more than $40,000,000 credited to the last fiscal year under the Wilson law was in the nature of anticipatory payments for importations and withdrawal from bond which in the ordinary course of business would have been paid during the fiscal year 1897-1898 and would have added that much to the receipts under the Dingley bill while reducing those under the Wilson law by so much. With this just rectification it is evident that the Dingley tariff as a revenue producer was some $70,000,000 better than the Wilson law it superseded. The unrevised expenditures for the last fiscal year were ns follows: Civil and miscellaneouss 96,544.675 War 91.957.997 Navy 58.847,741 Indians 11,002.15* Pensions 147,450.920 Interest 37.152.622 Total $442,956,105 Deficit 40.001,795 All the items in the above table except. those for Indians and interest are higher than the expenditures for the same account, last year. But naturally the chief increase is in the expense for the army and navy. This amounts to not less than $67,000,000. or $27,000,000 more than the deficit for the whole year. But for the wnr our financial statement for the last fiscal year would have shown a gratifying surplus. —Chicago Post; - •