The enquirer. [volume] (Richmond, Va.) 1804-1815, 1815-02-01


Treasury for the year 1915,
amount ia the sum of SIS 1892, 034 6!
That the existing sources OF
supply amount only to 1915 900 z,
And taat ways and means
must be provided 20 raise
the deficit Of 4o,905,124 81
II will be readily seen, chat the estimate.
OF the prodrct of the direct tax, and of tht
new internal duties, are applicable only 10 ths
present year and that liz every succeed
'og year. the amount VIII be greatly aagme:,-
ted.
IL must also De repeated, that in the state
nerts now presented no provision is inserted
'oc the contemplated sif.kirg funh /: no,' Cor
the pa asent 81 & t,si9es-sSse MO- 81 GO
hqu,daeed Claims apon siie sover.rrs w 81
services & supplies as these o5jscss seem Il
require distinct consideration.
PROPOSITIONS.
/. 1t is respectfully proposed, that PROV
sion be made to raise sum OF 10, 900, 1874 dol
lars and So cents, in addition to the amount Of
the existing revenue, tor the service of the
year 1915 partly BY taxes, partly by an is
sue OF treasury notes, * partly by an auther-
10 procure money upon loan.
III. 1t IS respectfully proposed, that An adj
dltional sum be raised by taxes to the amount
Oh 5000 COO dollars and that the following
OBJECTS, or selection from these objects OF
taxation, graduated in the amount TO produce
that sum, to be made equsiiy productive,
stiaii torn the basis of the additional levy :
l. A tax upon inkeritlnceS & de-
visees, to be paid by the heirs or
nev'sees, may be mide 10 pro-
duce ON mn
3. n tax upon requests, legacies,
and statutory distribution TO be
pad by the legatees or legal re-
representatives., may be made to
produce 500 COO
- An auxiliary tax upon all tes-
tamentary Instruments and let
tiers of Administrations, 70 be paid
by the executors or adriinistra-
tors, may be made 20 produce 200 oGO
4. a tax upon legal process and
proceedings IN the courts OF the
United States, 10 be paid By the
parties at the time of taking
out the process. or entering the
proceedings, may be made TO
produce 100000
,. a tax upon conveyances, mort
cages and leases, to be paid by
the grantees, mortgages and
iesSees, may be made to oro-
duce sno mn
t. stamp tax upon bonds, penal
b1lS, ws.ElaDts uf attorney no.a-
mai lhstA umentS, policies OF IN
surance, all negotiable notes,
profess Of bills of exchange SC
promissory notes, bills of sale,
and hypothecatons of vessels,
bottomry & respondentia bends,
may be made to produce 4oO, 600
= A FAX OF one dollar upon every
barrel of wheaton 9our, 10 be
paid by the miller, may be made
to produce aeon ooo
9. a tax upon the dividends (other
than the dividends of banks) and
upon The sale and tranfcr Of the
stocks of banks, insurance COM
panles, and other corporations.
operating for profit, upon mo-
ney capital, may be made to
produce 6oO ooo
g. An income tax, may easily be
made to produce 100000
III. 1t IS respectfully proposed, that the
additional sum TO be raised, by the specified
taxes, shall be appropriated as follows:
]. towards establishing sinking
fund. in relation to the public
debt, created since the war,
2. Towards the payment OF prin-
Cipal and interest Of the treasu-
ry notes, to be issued in the
manner hereafter suggested,
3. Towards defraying the expcn-
ces of the present year,