Industrial Cuba: Being a Study of Present Commercial and Industrial Conditions, with Suggestions as to the Opportunities Presented in the Island for American Capital, Enterprise, and LabourPorter, Robert P. (Robert Percival)
History
Industrial Cuba: Being a Study of Present Commercial and Industrial Conditions, with Suggestions as to the Opportunities Presented in the Island for American Capital, Enterprise, and Labour
Porter, Robert P. (Robert Percival)
Cuba -- Description and travel; Cuba -- Economic conditions
Postal cards 2,000
Papal Bulls 1,000
Revenue stamps for drafts, etc. 60,000
" " " receipts, etc. 300,000
Stamps on policies 20,000
Revenue stamp on consumption of matches 260,000
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$1,727,000
Deduct commission for sale of the above 86,350
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Total $1,640,650
This source of revenue will be greatly increased under American control,
though it will come from improved postal and telegraph facilities,
increase in banking business, and other legitimate sources of internal
revenue. The internal taxes of Cuba must be fully revised. If this work
is intelligently performed, the same revenue can be obtained in a manner
far less odious to the taxpayer.
This table practically completes the sources of Cuban revenue, for the
miscellaneous sources are of an intermittent character, and the
lotteries revenue is not likely to cut any figure in the future finances
of the Island. In the next chapter the author will briefly consider how
the money has been expended and give some suggestions as to the future
division of the funds collected.
CHAPTER XVIII
HOW THE REVENUE WAS SPENT
In dealing with expenditures, the factors become more certain quantities
than those present in the forecasting of possible revenue. The money
collected from Cuba, whether it was $26,000,000 or more, has all gone,
and nothing was found in the treasury when the United States forces took
possession but numerous evidences of promises to pay, records of
receipts given by the Government for goods not paid for, and debts of
all kinds, including the salaries of a large number of the minor
officials. The first and most important item of expenditure is, as has
been said, for sovereignty expenses, and aggregates a sum exceeding
$22,000,000. These expenses are subdivided as follows:
I. Interest on Public Debt and General Expenses $12,574,709.12
II. State Church, and Justice 329,072.63
III. War 5,896,740.73
IV. Navy 1,055,136.13
V. Executive 2,645,149.98
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$22,500,808.59
Public-domain text, read in full here on John Shaqi.
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