The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1861-07-20
REPORT or THE ~Eceyr.ry os rar
TgEASreY
His EsssEa sast''.a ., 70 csrsrss..


The Secretary says the whole arsaaat r,
i, aaired Tor The H.s.al vsar Of lSe2 may b
iststes at S3lS 51s 5sls..
To provide the large SIMS reqaired 10
ordinary expauistar. ae.l tv ths -x,.ti,
energeney. It u Quite api,reat dates 81
ilmps.-ts. the chief resource t4r li.,ary a !.
bursenrtsis, wilt. not be as.mua,e.
ifie deficiency OF reSeaas. whether from
imports ar other sources, ssst necesssril,
! he supplied from loans, a4dihe problem {.
hs solved Is that OF so pr.p.rtiening III,
Former 10 the latter, ard :, adiu>tin. III.
details OF bath. that the ~hnf ispieun, need.
i ed ufay he obtained with esr hiurv. with ,,,,.
fseon rny. with the least possible incnhyen.
ieacs, assd with the grea,ess possible iuei.
dental hent fit % tie psople.
Tie seesetars has given ,othis i'm nortan;
snaieci the best c9nsgaeratsot y hIe!, the ar
geaes 81 hss 1890. r-.hssc dua-~.,r.r 7.ti0~-
cd, and nos sal'inlts 30 he considerations 81
Iongrevs, with great ttfersu,e, ard 40 sstie
ii,srust uf has uwu jadgllt-4f, TUE EN- -iu-
: sian- 10 which h. ha- arsssed.> H., ts of the
fdr4non thai $50 100 700. sAtstEG be rroyl.
ded hF taxatiou, aHI that So, ,uUU, ,uuU,
shoaiii lie sought thspsgt loan.
IL will hartty be drspated lha in every
sound system vi tisai,er, a,ieqaan prVrisioa
by taaatIIn TOR the prompt dtscisi ge VI all
ordinary demands. Tor The punctut! payment
Oh The interest oi. i9ans, and iur tue crea-
ton oi agrada'tliy increasing iuld for The
reisnption OF the ptinetpai Is tndsyensabte.
Public credit can envy be Great cd by pebtc
Efalth. suu pubic laisn can only he,n arptIin
led hy AN er3uom:eai, eiierscgic, ard prudeti
adBtaIstra'lun of public FAIRS, ,hu by abe
IpT,lnpt aud panctual iuiatmsntof every
pubttc obiigatlun. II has been already stat
Ell siiat appropriations for III, ordinary
expenditures Tor The fiscal year oi lS62, IA.
Felnlng the permanent ana Iuitiui,e ats-
crptIei,, isrioutt I, TO SG5 eo7, ,S4g 81, aud the
interest tote Fatd on The uepE 10 9s iuear-
red during the yrar, has been est,s,a;ed at
- oU0,UUJ, making annggr~gats of osd,na-
~ expensys ui ssI3 soi ,o4y3t. Il 10 these
sums be added - GJJ ,ujU as II provision I or
the reduction ahd iinai extiu .uishmrnt ot
the pubHc debf, the total VIII bt ssI3, ,osf :,
ei9 81, 10 provide for these payg,ents ii
! Is proposed, ia accordance with Tue rrIl.cI-
| pIr just stated. 10 raise by taxation Al least
Tue sum al $50 600 0UU.
The Secretary most respectable proposes
To Congress that duiy # y Gents per
! pauDu br lad oa brown sugar, .ni ) csuis
!
| pound on ioaf aud oihsr r, Ened sugar, uf
| >! cens rer pound Oh the y rap ni sugar
u,,tie; DI u cent, per paupd On caudy, Gi q
| cents per gallon un m"Ia>se-, and OF 1 cents
| per gaitun ga sour ino!aSSro aud IL ~ also
/ proposed, thnt II dnIy 81 ) cents per poui.a
I be imposed on C flee, ID cents per pouu,i on
/ bt,cG ,ea, and - c h;s pcr pouaa On green
toa. From these GuHeS II Is e,sIGt ttei thtt
AZ additional leF eauc uf not less thsu 50,
UJQ,U ,UJU aupuailS may be raised, While tue
Du, drn ot th,s iuseuus upon our o@n reo.
lle VIII be 10 sone Considerable drgree
u,ItISatrd by t!c.pAuUn en- the pat oi
foreign producers. nith III gurug here III .
uther details Of less Importance, ,he Sccre-
Ihry thinks il proper ~ add III general hat
.ytn the proposes. dItieS Ca arGeies u1nex-
rrut,.. uuQ f,rm changed datIys ou altIctes
NOW ei, 4er I ghtiy bSrdened, ar 81 heasiy
taxed that he Tax an. auts 10 IL ProhlGl,iuu,
>, turthsr tn,,ytase ui revt.uue 10 the amount
of 81 900 900 ma be anticipated; aud that
the luuruy,ng condition trade aud 10
dustry warrants just expe., a'lpu tatt the
revenue FROM the duIlcs nt thr pitHrht var
f. not affected by the prnpns ID chapGts,
VIII not fail short OF 93U,Uo, ,uoJ. lie
IS mates, IhcGeinre, the total Iey, bu ir"th
impn.ls dnii x the present yea ut 'So' o1o,
OJJ so winch may be add, u 10 tie euh II
5000 .Ol0, II be derived IRON the S''''e" %
the pubic Lands aud scrlianeous sphFcss,
III tk,ng the total revenue Ter The year seo,
uUu O0J. While therefore, there is every
reason 10 believe that under II modified tar
If, when the prosperity Of the country shuii
be fully restored. au annual revenue oi
no lsss than $50 00J,Ooo, and probably
more, may be reahl,d. II will be necessary,
IN order to sustain fully the ruoie credi',
10 provide fer raising The sGm Vi so VoJ'-
OJJ for the current year, at Ienst by direct
taxes or irum Maternal GGlrs or eAc!ses of
frpin both. ....
The Secretary submits TO The superior
si,d In Of Congress the deter Ininatlon oi tue
t,uesliun Rhtthes the resnrt shall te hl q
=, direct taxes Or TO lnternhf dutle-. Or 1o'h,
f3r tne sapg.ly # th- probante d fc!"ncy of
that portion II the public rcsoarees, "hlch,
upou th. priucp1rs already explained mus
5r furnished by taxation. ....-a.- +.
Ths value ot the PEA. ard personal prop
erty Of the people Of the llulted o'ntn-,
according to the uyusGs Of 1860, Is Sio IU2,
"a 10. or umJttsng iractvns, VI ai2,eel
Thousand millions of dollars. ... .......
The value of real property is estimated
at Sll 20 0J3, ,ssl. aud the sa'ue Of per-
sunAt property Al 81 S5J.eSU go. The Y'e-
pprtIuu OF the prUpSF'y ut u III d scrIpii"hS
IN the Cgited States, excluding th"re Hs
present Inder in-CyrrslInn. Is Si9. .9Jb.i96i-
900, of which sum .63o, $50 .oJ3 represents
according To the best e. IHaatr-. the value
OF the real. and 3 40, ~ 5U4 The value OF
thu pa5 sand property. 4 rate VI one eighth
OF upe per cent ad yalarem on the whole real
and PEI sonai prupsrIyof Ih' g untry, wuuld
produce q sum OF so, rs ,GUi. 4 rate ut
Spa & lth uf one peF ceDt s'n the real ana
personal propsrIy of the States not under
in.lirrsct ,nn wuuid produce The sum VI 81 >
! 500 SC, ani a raie Of Ihtee-trnths ui oue
/ per ceat on The ren! rop.r,y alone IN these
State. wau'd produce 81, ,e9l $50, either
sum being iarsels in excess OF Tue amousi
required.
| In the Judgment Of the Secretary the
needed -ut, uisy also be obtained frpIp mod.
crate charge on stills aud Distilled hqnor-,
an ale and beer, or tobacco. 90 bank nntr-,
7 on sprirg carriages, on stsvrr ware aud ~
slrv aud IN legacies. II ba b source, OF rev.
sn,a b. resortr.! 10 IN the extt NJ sngCested,
the amount rfquired IRON loans viii BE- pee
r"rtiouuteiv enlarged and s'rsr gthsutd.
Whether both these modes ot taxation il
I re~artes! ~ sntar present smrfgencie nr
/ anly one af them. the SECRETARY vii lat iiiy
perform hi. daty 80 Congress nr the reop {
if h.. amlss to urge the greas Importance,
he abs4Iu,s ncres-sty in'ieea, bf snch fuf
4 prnvi.ios, ~ the annutl reTeftue will man
7 ,frst 10 the worI5! fixrJ rurpHse to rt,sir-
tain inviaias4 the public faIah hv the stslc
re-t h,i~i, to all pubic eHgs-smen,s.
II w't nos. perhaps be ih"aght oas o'
pace Il the Secretary susgess here that thi
property Of tho4a sHGag-d "a inssrreeticH
or N giving AID and comfos to lHsnrgeprs
msy properly be made TO e2Htri5aie TO To