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

cuDlary point OF view, IL Is Hkely 10 arrest d.
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 ,16S, $50. nearly all of which
it seems is for the army aud navy For the
/ fiscal year ending July 1st, 1867, the de-
mands upon the Treasury, are estimated at
! S31S. .519, ,5SI, which he proposes to raise by
! the following means:
/ By taxation direct and indirect, SsO,O000OO0 1000 GOO
/ BY Loans, -4o'oOo'OOo
/ On the branch of his report, with regard to
| Ways and Means, the Secretary says:
| To provide the large sums required for ordIna-
ry expenditure and by the existing emergency,
it is quite apparent that the duties on imports,
the chief resource for ordinary disbursements,
will not be adequate.
The deficiencies of the revenue, whether from
! imports or other sources, must necessarily be
! sunuIied bv direct taxation and from loans, and
the problem to be solved is that of 50 proportion
ING the former to the latter and 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.
| iect the best consideration which the urgency Of
/ 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 arrlv
ed. He is Of the opinion that $4,000, 600 shO'd
be provided by taxation, and that 4O,OOO,OOO
should be sought through loans.
f. 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 tor
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 can only be maintained
bv an economical, energetic and prudent admin
! istration Of public affairs and by the prompt and
punctual fulflmeut Of every public obligation.
1t has been already stated tEat the aPproPria-
tions for the ordinary expenditures Of the fiscal
year 1862, including the permanent and lndeh
mite descriptions amounts TO 500, ,SS1 $40 81, and
the interest to be paid the debt to be incurred
( during the wear has been estimated at S9OOO,OOO,
making an aggregate Of ordinary expenditures Of
SASS. $40 "a. If to these sums be added
s., ,OOO. 600 as provision for the reduction and
final extinguishmcnt of the public debt, the total
will be S79,S37 $40 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 $50 600.
, In considering the choice Of means to ersuTe a
revenue adequate to the purposes Just Indicated,
the attention Of the Secretary has been necessarily
drawn TO the different mods of taxation author
lied bv the Constitution. The choice IS limited
to duties on imports direct taxation and internal
duties OF eXciSes.
Duties Oh imports constitute the chief form OF
indirect taxation. Direct taxation include capl-
tation taxes on real estate, and probably general
taxes on personal property, included IN lists en-
bracing all descriptions and valued by Uniform
rule while under tho head Of internal duties and
excises, NAV be included all taxes on Consump-
ton and taxes on special descriptions Of persona
+. property, with reference to use rather thar
value.
e The principal advantage Of the system Of di.
4 rect taxes are found in the sensibty with whiei
they are felt and observed. In the motives thence
j arising for economy and fidelity in the Admins
traton, and in the manifest equity Of distrlbutiu.
Al burdens in proportion to means, rather than Il
( proportion to consumption On the other hand
IS the advantages of indirect taxation by duties
II imports, are found in the economy Of collection
J., in the facility of payment in the adaptability
the eucOura cement Of industry, and above all, il
CT the avoidance Of Federal interference with tn
l. finances of the States, whose main reliance 70
revenue for all objects of State Administrative
>. must necessarily be upon levios Of property.
j. He recommends a direct cupitation tax
J. and tax or real and personal property
: He also recon mends that duty be laid o
sugar molasses tea and coffee, and a tax 0
u tobacco distilled liquors. ale and beer in tn
nature of an excise.
+ A careful Perusal of this report, is calcula
ted to bring the war home, if not to tn
be bosoms, at least to the business OF men. I
n one year from this time, the National del
IS will be, at least, six hundred million of DO
r. lars, and the debt of our State will be iucrea
r. ed to a sum exceeding forty million Tt
re burthen of taxation with which the people
nd the loyal States, especially of Pennsylvani;
ed will be saddled for years, will be grievous
IN be borne. But we presume they will. Ill
.rs true patriots, bear it patiently, and heroica
he ezclaim with all the self lf-sacrifciug devotic
ar of Romeo
e g Come tares, and welcome,
Lincoln wills 1t So"
The rotten clothing aud uuwhoesome r.
oo tiOns contracts of Gov. Curtin, and the ma
ner in which matters have been managed |
the War Department, gives US every assu
0o ance, that not ccat will be expended, b
100 what will be strictly necessary for carryir
100 on the war. and that ECONOMY will be Il
,0o motto of the immortal Simon Cameron. S
- riously, we may look out for grand scher
-, of plunder, fraud and pecuation, during t
of next few years, and magnificent fortunes W
Ia be amassed at the expense of the people B
roc what of that? The people. in the way ma
for ters are now managed, are very ''small pot
all toes and have therefore, we suppose, 10 rig
: to complain
- ]. NJ I,ll oF- L. Z