The national Republican., 1862-01-14
TAxATIOU.-TnE POSITION OF THE
NATIONAL NCPUBLICAN.

We cannot write anything In favor OF the po.
sition, that the national credit can have no
other sound basis than vigorous and sweeping |
taxation, without repeating what We have been |
constantly writing since the commencement Of
this war.
We have marked, and append from our Hles,
. few extracts, which will exhibit the stssdl-
ncss with which We have adhered 10 this pol.
policy:
From tbs National Republican Of Feb. 81, 1881.
THH TARrrr.-The action Of the House, re-
ducing the sugar tax one half, and rejecting
the tea aud coffee tax. is universally regarded
a. reckless. II the House had imposed di
rect tax, 10 meet the public necessities, Its
conduct would have been logical. But to act
upon the assumption that the people are not
Intelligent and patriotic enough TO submit 10
necessary taxation In some form. 10 10 treat
them % Incapable Of self.government. In this
emergency, the country looks to the Senate.
From the National Republican Of Jane 10.
II has been said that finance q The toorkirg
point of all Gouer,,ments,' which Is . truth
readily realized, when expenditures are vast,
while revenues are light. That is the predicA-
ment Of things now, and II remains to be seen
with what degree Of wisdom and courage II
will be met by our public men and by the
country.
The Bos on Journal, paper Of very consid-
ersble circulation and influence 10 New Eng.
land, opposes any form Of direct taxation, and
any change In the existing tariff except In the
particulars Of doubling the duties on sugar and
molasses. and Of imposing duties upon tea and
coffee; not now taxed.
Now, the manifest truth Is, that, upon the
present scale OF imports, our custom-houses,
with the proposed alterations, would not yield
enough for the ordinary expenditures Of the
Government, exclusive altogether Of war ex.
penses, and upon no probable estimate Of i'm
ports for eighteen months 70 come, would they
yield enough for such ordinary expenditures.
But the extraordinary expenditures Of q
great war are to be met, and by something else
than that very cheap patriotism which consists
i 10 enjoying the advantages Of borrowing and
spending money and of leaving the burden Of
paying to posterity, or of shifting the losses
upon cheated creditors.
The last sale Of our six per cent stocks was
at fifteen per cent. discount, which is style Of
negotiation more profitable to money lenders
than to the country, although 1t was und0ubt
edly the best which could be done with the
exhibit Of revenues which the Secretary Of the
Treasury was able to make.
By vigorous taxation, not only will the
amount necessary TO be borrowed be diminished
but what is borrowed, will be obtained at q
better rate. The Journal speaks Of eight pei
cent as probable and favorable rate. II vii
be found to be one at which 30 Improbable
business as war cannot be carried on q great
while
From the National Republican Of June 81.
We do not particularly advocate direct tsxei
upon property. Not that we have not decided
opinions upon that point, but because we are
40 To-. al
exclude the idea Of carrying on this war wholly
by loans.
We shall support any tax Of excise, or upor
incomes, or direct, which will command tht
most votes in Congress. But large, sweeping
and vigorous taxation In some form, involves
question Of essential duty, which We shall com
promise with no man and no party.
The New York Tribune opposes every him
but custom house duties, and calls for hundredl
Of millions oil notes and bonds, which II SAY
will readily be taken, II all the parrots In th,
country will JUN in avdisiog the people to TAX
them. II Is imp0. BILE to iorcses what patriot
may do, but no honest IN IN W II be concerned
in csjoling others out oi their property by sd
| vising them 10 take the big lions Of Gov
!, ernment which has n i The lirmness a ri vitu,
, to impose necessary taxes.
From the National Republican Of July 20
The PUBLIC CREDIT The votes in the Huus
D on Saturday, although exhibiting unavoidab
v differences OF opinion Ms 10 the nature oil tn
new taxes to be imposed, do nevertheless en-
courage the hope that this session will not ter
= inmate without some revenue measure, UiyOrO,l
enough to restore The public credit. 1t Is upoI
this point that all the real interest of this extr
session is conccntra' ed. Unless Congress pro
vide some revenue beyond what Is derivsbl'
from the custOin-hOnses, the war for the Uniol
wall no Uivan nj frat m loat An
not be prosecuted without the sinews OF war
. From the Maternal Republican of Nov. 81.
1t is quite certain that we are altogether un
familiar with the possible resources Of nationa
taxation, under the powers vested In CoAgres
by the Constitution Of the United States. Th
8 present generation has been accustomed
but single form Of taxation, viz: that upo
imports, and II naturally takes a little time +
: : bring up the public mind and our public meu
4 TO the standard indicated by new and extraor
o dipary necsssities. The discus,ions in variou
Q quarters, however, show that the tendencies
national opinion, in this regard. are all in th
If right direction
h. We have, ourselves, no doubt that the nj
tionsl taxes might be raised to the scale Q
10 one hundred and fifty or two hundred million
al Of dollars annually, without being really bu
Il densome and without being telt to be 81, an
:, that TO impose such taxes Is far better polio
than that of borrowing money at the extrav,
10 giant and ruinous rates which we are now pa,
n Ing, viz seven and three.tenths per cent. Q
II three years loan, aud seven per cent. on
!. twenty years loan.
'c From the National Republican Of Dec. II.
In our judgment. the measures proposed
the Secretary Of the Treasury, for the improv
r. ment Of the revenue, are inadequate to Il
- emergency, aud we zee nothing in bis repo
but very lucid description Of straight 70,
to ruin, Ia which we are not at all inclined
is travel. Instead of an excise taxation Of TWEEN
" millions per annum, the amount should
I nearer one hundred millions; and there
r. really no difficulty in raising even . great
# amount without any undue disturbance
n national industries
n TIE STEAMER RINALDo.-Apprehens Q
y. felt for the safety Of d. B. N. steamer Rinald
= which took on board the released rebel q
bsssadors. The New York Albion, of Ssturds
says:
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