, 1861-08-06
GtJi:flaqp: Grib|tttte.


FEEDER AL TAXATION.
The President will, nnquestionably, sig,
tie blu which passed both Houses Of Con
gecss, 1cvying, for the support of the Gen
era1 Government, a tax of three Eer con,
1rr onfiat'n On a1l incomes over eig ght hun
cred dollars. We have not seed the bill
! in question, and knew nothing Of its de
tails; but have no doubt that it is 50 framei
as to produce the greatest possible amount
of revenue at the smallest possible cost 70,
collecting.
The value Of property of all sorts de:
rsnds, IN this country, as in all other coun.
upon the permanEnce of the instisu
ticns by which it is protected. Heretofore
= The cost Of protection was but trife. At
distance from foreign foes and at
peace among ourselves, we lave enjoyed
lmmunities from the horrors md expenses
: ofWar, that have made us the most favored
Of nations; and at little cost, pronertv
found that guardianship which it ALWAYS
seeks But all this is changed now, The
stability, nay, the very existence Of the
GoVemment-that which gives Us safety
in the possession Of what We have ear1e7
is threatened, and the risks which on
wren property are greatly increased.
Henee, instead Of paying, as we have paid
heretofore, light taxes by the machinery
OF revenue tariff, premiums commensn-
rate with the greater risk are exacted Of
u, and now in the shape of direct tax
Ii We would insure what we have, we must
psT higher rates. We hope, then, that
none will be unpatriotic enough to com
plain Of the levy, and that none will make
its continuance hereafter an excuse for de-
string 10 close the contest before the oh
jects for which it is waged On our side are |
attained. The imposition of the tax YRS t
necessity which could not have been
neglected without serious injury in tha |
credit Of the Government at, this time
when without credit, its effort to put down
the rebellion must cease. On few men
it viii bear with weight; but, in a great
majority of cases, those from whom it is
e1acaed will cheerfully submit and pay
Without murmur. As method of com
pounding By money the obligation which
every man owes to the country to offer his
LIE In its defence, the rich and well to do
whose habits and tastes make soldiers
on'les particularly distasteful, this tax
onsht to be met not in grudgins and
niser1y spirit, which we fear will be here
and there displayed, but gladly and
promptly, as become patriots and men.
1he income tax, the tax On real estate
twenty millions distributed among the
states-and the excise bill taxing alcoholic
F.nous and malt liquors at the places where |
1hey are manufactured measures of
necessity to which ali patriotic men will
s'elo their ready assent with the
moo'hcatlons by which the duties on su-
gar, tea and coffee, are considerably in
creased Will, it is thought, yield revenue
OF more than one hundred millions Of dbl
'afs, by which the ordinary expenses of
me Government may be kept up and the
interest On the rapidly accommodating war
debt promptly discharged. Congress has
done well,
when we receive the various 1aws
authorizing these levies, we shall print
'hem that our readers may see who GENES
within their scope, and the machinery bv
which they are to be executed.