Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1861-07-17

much attention, if not more, than even that
/ of the War Department From it we learn,
that the Secretary in addition to the apPro
priations already made by the last Congress,
the sum of S217 JOS, $50, nearly all of which
( it seems is for the army aud navy. For the
fiscal year ending July 1st, 1862, the de-
mands upon the Treasury, are estimated at
| S318, 519, 5S1, which he proposes to raise by
the following means
By taxation direct and indirect, $4,000, 600
| BY Loans, -fo'oVO'oOo
On the branch of his report, with regard to
WAYS and Means the Secretary says:
| To provide the large sums required for ordina-
~ expenditure and by the existing emergency,
| it is quite apparent that the duties on imports,
| the chief resource for ordinary disbursements,
| viii not be adequate.
The deficiencies of the revenue, whether from
! imports or other sources, must necessarily be
! SUPPLIED bv direct taxation and from loans, and
the problem to be solved IS that OF 50 proportion
ing the former to the latter, and so adjusting the
| details of both, that the whole amount needed
NAV be obtained with certainty, with due econO-
nv. with the least possible inconvenience, and
| with the greatest possible incidental benefit to
the people.
The Secretary has given to this important sub
the varied public duties has allowed, and now
submits to the consideration of Congress, with
great Difference and no little distrust Of his own
Judgment the conclusions to which he has arriv-
ed. He is of the opinion that SS0,000,0 600 sho'd
be provided by taxation, and that 24O,OUO,OOO
| should be sought through loans.
1t will hardly be disputed that in every sound
/ system of finance, adequate provision by taxation
for the prompt discharge Of all ordinary demands,
for the payment of the interest on loans, and for
the creation of gradually increasing fund for
the REDEMPTION of the principal, is indispensable.
Public credit can only be supported by public
faith and public faith only be maintained
by an economical, energetic and prudent admin
istraton Of public affairs, and by the prompt and
punctUal fuhlment of every public obHgatIon
1t has been already stated tEat the approprla-
tions for the ordinary expenditures Of the fiscal
wear 1862. including the permanent and indefi
mite descriptions amounts TO SG5, ,SSI $40 81 and
the interest to be paid On the debt to be incurred
during the year has been estimated at S9,OO0,OO0,
making an aggregate Of ordinary expenditures OF
SASS. $40 "a. If to these sums be added
$1,000 600 as a provision for the reduction and
final extinguishmcnt Of the public debt the total
will be S79,S31 ,S49 81.
To provide for these payments, it Is proposed,
in accordance with the principle Just stated, t.
raise by taxation at least the sum Of 100000
, | In considering the choice Of means to ersure
revenue adequate to the purposes just indicated,
the attention Of the Secretary has been necessarily
drawn TO the different mod 5 of taxation author
lied by the Constitution. The choice Is limited
to duties imports, direct taxation and Internal
duties OF eXClSeS.
Duties Oh imports constitute the chief form Of
indirect taxation Di-eCt taxation include CAPT
tation taxes on real estate, and probably general
taxes on personal property included IN lists en-
bTaCing all descriptions and valued by a uniform
rule while under tho head of internal duties and
! eXcises. may be included all taxes on Cousump-
ton and taxes on special descriptions OF personal
: property, with reference to use rather than
value.
e The principal advantage Of the system Of d.
rect taxes are found IN the saus blry with which
they are felt and observed. In the motives thence
u arising for economy and fidelity in the Admins
tratiUn and IL the manifest equity Of llstTbutiu.
I burdens in proportion TO means. rather than I'm
proportion To consumption On tie other hand,
the advantages Of indirect taxation by duties ON
r imports, are found In the economy Of collection.
= IN the facility Of payment in the aIaptabIiuv Gu
the cICUUra cement Of industry, and above all, IN
e the avoidance Of Federal interference with the
i finances Of the States, whose main reliance for
, revenue for all objects Of State Administration
: must necessarily be upon Ieyics Of property.
He recommends a direct cgpitatigu tax,
- and tax or real and personal property
He also recon meuds that a duty be laid Oh
i sugar molasses, tea and coffee, aud tax Oh
L tobacco distilled liquors, ale and beer in the
nature of an excise.
4 careful Perusal of this report, is calcula
ted to bring the war home, if not TO the
e bosoms, at least to the business OF men. II
l. one year from this time, the National deb
$ will be, at least. six hundred million of dol
T. lars, and the debt of our State will be iucreas
r ed to SUN exceeding forty million The
e Lurthen of tavatiCD yvi+h yrbicb tho ,oorIo
d the loyal States, especially of Pennsylvania
ID will be saddled for years, will be grievous t.
m be borne. But we presume they will. lik
rs true patriots, bear it patiently. and herocall,
le ezclaim with all the self-sacrifcing devotio.
ar of Romeo
E. Come tares and welcome,
Lincoln wills it so''
The rotten clothing aud uuwholesome ra
~ tiODs contracts of Gov Curtin, and the man
ner in which matters have been managed b
the War Department, gives US every assur
DO anee, that not cc4t will be expended, bu
DO what will be strictly necessary for carryin
W on the war, and that ECONOMY will be th
Do motto of the immortal Simon Cameron. Sc
= riously, we may look out for grand schem
-, of Plunder, fraud and peculation, during tn
of next few years, and magnificent fortunes wi
l. be amassed at the expense of the people Bu
ce what of that? The people, in the way MAJ
Or ters are now managed, are very ''smal pota
III toes and have therefore, we suppose, no rigE
to complain
It's TT Hon. L. w. Hall, of the State Ser
nFn Ir- l.