The New York herald., 1862-04-09

ID N.
yalkensarg yerree, Wallace, Walton Of W., Wheeler VIII
Bsr of 7s brown As" o VA ssnsn
SssS SanS baas So,
2s Ssaas. a1
fSa;1. s;.:s \ y
Steele o. n j. sGation Thomas Mass Thomas Of Nd,
Ws. Of ns whss Of oso %ie Wright
Mr. Srxvsss (rep) Of Pa In closing the debate on the
Tax bill, addressed the House. He said-We are now
sbont to take nnal action on this important Dill;
should become law, Il viii undoubtedly be subject OF
comment among well meaning people, ana be used AZ an
engine of mischief by unprinciped men, who prefer the
these remarks suggested by the conduct of mem
bers OF the House. take pleasure In saying that IN tne
Committee Of Ways and Means there an entire ap
Of all party feeling and the most cordial desire o
every member TO promote the public welfare and nave
| strong hope that the same spirit IN the HoSs:
will give the measure unanimous vote, anu thHt
NO member will shrink from his share Of the re-.
sponsiblity. But while such Is the patriotic spirit
OF this body be blind 70 the which Will
he eater be made OF IL by small politicians. VIII,
therefore say fow words in its defence. The nrst
question which will suggest itself to every citizen s
Was necessary for If unnecessary it is wholly inde
fensibe. will assume that every loyal man admits
the necessity Of everything required to extngush ns
wicked rebellion To do this requires armies and naves
70 sustain them money is absolutely necessary, Tor tne
soldiers Of tho republic must not 60 unpaid whatever
may the ciy ian Money can only be had through
loans cannot be had unless at the same time
be provided for paying punctuay the interest,"
/ This nation must repudiAt0 her debts. lhIs
brings u. to the direct How much must be
nualiy raised to pay such iutercsf II the war was
TO end now, or within sixty days. we soaia
toll very nearly suppose our debt on the LIST day Oh
July next will not be less than eight hundred millions
When some time since had occasion to address the
House on Treasury note BILL stated our daily OK
penses at two millions. They are now, and have been
for some time past, over three millions day u IS
] plain therefore that the sum have stated will be
rather below than above our Indebtedness the end Of
this fiscal year, The interest, at seven and tnlry nun
dred,hs will require about sixty millions ANNUALLY. How
hlt hU
bonds owing 10 the unfortunate specie clause IN
Treasury Note BILL it is hard to conecrure the
ordinary peace expenses of government will not be less
| than seventy millions, which, added TO the annual
| interest debt, sixty millions, Will make
| il one hundred and thirty millions, Independent
OF the advance on our pension list The gentleman
Vermont (Mr Morrii) estimates the revenue from ms
bill aud from customs at hundred and sixty-three
millions We have been so little accustomed TO national
taxation and means of tanning the
actual product this bill very scanty. ANY esii
mates must necessarily be very imperfect Much de-
pends on the amount OF trade and the prosperity OF
domestic industry. fearful that my colleague mas
overesmated the amount the fiscal year. But for
the second year, when the stock on hand which will
escape this tax shall have been consumed believe the
amount will 60 considerably above his estimate But, as
the amount Of interest for the lrst year will oe
| considerably less than the second year, ! have
. confident hope that this bill, with our
beyond the interest Of the debt and the ordinary
pensee Of the II our debt should not DO In.
creased beyond twelve hundred millions ana % cGmmerce
surplus Of fifty millions to apply 10 the reduction oi the
debt. This calculation il merely hypohetica as can
roresee the Of tho government in dealing with
this rebellion II they should use the legitimate means
in their power have doubt that in ninety days the
rebels might be crippled that our army could safely
be reduced 10 one hundred thousand aud thus ve
sxhs OF the present be saved In that case
feel no hesitation predicting that not another dollar Of
taxes imposed the people TO deiray cur whole
debt II the government should further determine, in
accordance with the practice OF nations the dictates OF
wisdom Of JUSTICE 10 make the property OF the rebels
nay the expenses Of the war which they have 80 wan
tony caused this need be collected beyond the
second year. but il tho administration should deem II
wise TO prolong war suffer the loyal citizens 10
be for the purpose OF showing mercy TO traitors
the people must expect turtner anu heavier
selecting the objects Of taxation the COMMITTEES have
found it necessary TO visit many articles which they
would have gladly spared They have laid no burdens on
those who have but small means. They have excepted
property and business below the value OF Six hundred
dolars that the poor mani tenement shall not be dis
turbed by the tax gaheer For the same reason they
have IMPOSED no lol They have doubt, notwith-
standing best efforts, alod to equalze the burden
20 the which they desired They have
go ,h sroost .nms from articles OF luxury and from
the large profits Of wealthy men bat1even on those art
ces Is light compared with that OF other countries
Take spirits, for example, you may call 1t luxury or
nuisance as best suits your TASTE The excise in Eng
land is and half dollars per gallon, here but fifteen
cents And similarly favorable Is The tax here on tobsc
CO. on the material and the manufactured article.
Where have laid lax on the domestic article, the
committee have adopted the principle Oh aging compen-
saory dntes the foreign article, when imported. This
deem necessary to retain the home market, and not
~ discriminate against our own industry The income
| tax has been found worry GAicult TO ADJUST 30 as
| 10 escape double taxation; but the committee
though. il would be maniiesy unjust to allow the
large money ope and wealthy merchant whose in
comes m s reach hundreds Of thousands Of dollars to
escape from their due proportion oi the burden ihey
hope they have succeeded ID excluding from this tax the
articles subjects Of gain aud profit which taxed
in another form. The committee have been greatly en-
barTasscd by the Canadian Reciprocity treaty They
have been Obliged TO omit many articles which with
high tax would have ffoduced large revenue This
but one many Illustrations or the eviis Of commercial
treaties which are IN direct violation OF the letter aud
spirit OF the constitution The treaty making power has
right TO regulate commerce than II has TO de-
clare war, and raise armies aud naviss. have
no fear that she loyal people OF the free states
will complain Of any harden that may be ne
cesssry 20 vindcate the authority Of the Union,
and establish the principle OF self government and the
inaeaable rights OF man. So long tho money is
honestly and economically expended they will not refuse,
while the rich and thrifty will be obliged 10 contribute
largely IRON the abundance Of their We have
the consolation 70 know that no burdens have been i'm
posed tho industrious laborsr anu mechanic The
ood u the poor left unaxed and none viii be affected
by the provisions OF The BIZ whose living depends upon
his manual labor
Mr. stevens remarks were listened 10 with deep atten
An ihe remaining amendments having been nc,cd uron
the bill passed, 25 against IL. The following
Tho nays
Msssrs Alien Burnton, Coz Kerrigan KNAPP LawiNor
Ton Pendeson Rhards6n shel Nalisnc,sha1, Voorhees,
| and Wick1e
TIE rAcplc RAILROAD TtuEcRspB miJs.
The House resolved itself into Committee ~ the Whole
or the the Union, Mr. Dawes The Chair, tho
Pacific Railroad Telegraph b and reported by Mr..
Campbell from the select cammlt,e on that subject.
Mr. ChMBlI (rep) OF Pa, advocated the construction
OF the road military and conimercia necessity and
referred the facts and figures 10 show the large
amounts to be saved the government by this Of
accommodation Ibis bill sftor careful coasidera-
ton was reported by the Unanimous consent Of the
mee They took for their bash that heretofore
| ed by General Curtis. While IT preserves the middle
route and repudistes both the Southern extreme and
Northern conteu plates two branches uniting
with the trunk which 10 10 be located within three
| brndred miles veel OF the Missouri river The bin
authorizes ain existing railroad CONF anes 10 connect
| with these branch roads, with the cooperation of
tho corporations named in the bill The secretary Of the
Treasury required the completion of any forty
sscutvc miles Of railroad and telegraph 10 issue to the
coprany bonds Of thousand dollars each pay able
thirty years after date bearing six per cent Interest,"
tho amount Of sixteen OF eaid bonds per mile Lands all
10 bs granted &c. After explaining ali its Provisions,
Mr. CAM apr called to tho gentleman TO give the bill
thor careful Iteration demanded by its great pub
| lie importance
The committee rose
royTsi tTpvca.
Mfr ColFAx, Uep.) of ind from the Committee Oh Poss
catalllshlna carlain