The Plymouth weekly Democrat. (Plymouth, Ind.) 1860-1869, 1862-06-26

Accordingly no tax bill WAS passed beyond some
additions the tariff, which were supposed to ia
the manufacturing interests of certain arties.
The expenditures OF the government were announ-
ced at 81 800, 900 per day. When Congress nd
journed Mir. Chase said that they went 10 81 $50 :
Goa per day. Congress again met, and has now
been in session six months and still the important
duty of taxation fingers The sham tax passed at
the August session has been ignored, and the de
bates are prolonged over bills that may possibly
follow its fate. The expenditure. for war purpo-
SEES, III the first year. were as follows:
Advanced by the people, ......... 100000 .00O
Borrowed on loan, stock and bonds, 25) 100000
% Demand notes.. 49,. l5000O,O0G
l year Certificates. 100,0d0.000
5 per cent Deposits. $4,000. 00O
Floating Debt. ........... 20O,000,OO0
Total federal indebtedness. 49,. $3.50 600 coo
This was nearly S2,2O0,OO per day, without one
dollar OF tax levied. The appropriations now
made for the year e62, army 1921 i sc, 4l6
55; navy, $40 III o. Indians, 81 sis ,S3I o.
together, S565 .342 ,,95 81 and 80 900 men have
been added to the army. The present debt of the
government, notwithstanding the denials that have
been made in Congress by those who will not vote
taxes, is very 1000 .000 900. bearing specie
interest Of $50. 100000 to be added TO the coming
years expenses, aud in which year the one year
certificates and other short loans to be met
The expenses of the government WILL with the us-
ual deficiency bills, not be under 5000 1000 for
| the coming year, and at this moment not dollar
of revenue exists. The cus:om, viii yield nothing
until tho paper in which thev are p::s.hlc Is ab
sorbed, am the lands have been given away by
the Honest ad BIZ. With this prospect there is
still no tax plan de vsed. The bill which PASSED
the House imposing a countless number of taxes
has ole prominent feature. IL is the appointment
OF 2O,OGO Office holders, with assistants, one in
each congressional district. It is no doub. the
case that the councils of the committees are dark
ened by the crowds of persons who have some
other motive than furnishing revenue to the gov
ernment for advocating certain taxes and opposin,
others. aud that these persons. from political mo-
uves, are allowed tar too much influence upon the
decisions. Tn, bill Is for the safety of the gov
crnment and the conservation of individual rights
+ Its burden should fall upon the property tha: ex
lists, ami not upon the future labor Of the thou
sands oil men who splitting their blood. All
indirect taxrs will fail upon that ca-s Of men and
not up the property holders The man of mil.
lions uses no more .5acco. coffee. or vhi-key,
than the wounded soldier who mas survived the
heat o; battle, On his half pay, and he would pay
no more under such tax. Doubtless they are
willing TO pay in proportion to their property and
1t Is the duty of Congress to reach that property
by an adequte assessment, which could be collect
ed b. each State without additional expense when
collecting local taxes. The amount of proncrty in
the country Is estimated at 5000 000, 900; one
per cent on that will give $l6Q.00O,000 per an
mum; the customs will give S50, 900 900 in time
OF peace. There remains to be raised 500, 900, :
OOJ III order 10 reaZe round sum of $500 900 :
ODU, which, is the minimum. This sum can be
raised exactly Is tie post oice revenue Is now
raised, viz: by creating graduated stamps, 10 he
sold 10y postmdSters or other existing federal Off
GERS in al! locAll is, and one OF which should he
necessary - thu "a dity OF every legal or business
passed. There IL no reason Why anv bank note,
or cheek. or receipt for any payment, we'll as
notes o. land, bonds, mortgages and paper should
a0t have The night stamp rroporlioned TO the
amount.
The n.lo unit of transaction in year is immense
THUS the exchanges OF the Bank clearing houses
OF New York is S6,000, coo, 000 and in three cit
les, Boston, New York, AMI Philidelphi L, SlU,-
UJO,OOJ,OjO per annum by official returns Those
exchanges arc mostly brokers' and other checks
and drafts given out in the course of business
One per cent OH this sum alone would give { l00,.
OOnUU0, and fall exactly on that class of persons
best able to bear it. / he notes discounted in
banks in year IS 5000 100000, and this should
give Sob,OOO.OOD This paper for the most part
represents the sale Of goods. and the tax on the
notes reat hes the tram action in the most ready
way. The outstanding deposits in the banks are
s16O.0OO,O 900, and it is proDable that the transac-
TONS OF this nature are not less than 500 0)0 0)0,
OuO IN year. and there can be no object that can
be more justly taxed and would Weld 1T A per
cent 60,9U0.000 All reeepts. for money ptss
ed, hotel bills, tra' elers bills etc. should all bear
the tax which won d thus fall exactly in proportion
10 means or prosperity apOn all. These meas
ures or taxation would require Congress one hour
10 perfect. ard III sixty days revenue would be G.
allied. IL required Congress but few hours "a
vote 5OO,DOO men and 20 borrow $3.50 .000, 900 -
IL requires still less time TO asses the States
ord cd Inv oab
ernor at a fixed time. and also to or lduate the
stamps and make all paper and contracts not H.
ed with them void, aud all receipts unstamped in
valid Congress has talked neatly year abou,
their own individual plans and schemes, Let them
now give an hour to the exigencies of the govern.
ment and nation. When these taxes are levied
aud in course of collection, they may be change,
from time TO tins exegencies require.
These amounts may b. summed up as follows
Foreign exchange. -...........S 400, 900 ,00t
Domestic exchange. ..-..s..... 600 0S0, 00l
Clearing house exchanges. 10000 GOA, 00
Bank discounts, ............... 100000, 600
Deposit transactions, ........... $4,000 900, 90
Notes not discoun ed hotel bills,
rents, sales ~ auction, etc.,. 10000 900, 90
Tat.I.... $50 900 900 00
A lax Of ! per cen. on all these transaction
" nd give S500,000,0 900, or more than is mnedl
Iatel requi red Tnere is no doubt how. ver bu
tH-l the English policy in the old war was best
l. % raise nearly all the expenses of the yea
.r.. n the year. a the IL estirn tted COS
500, 100000 per annum, tax for the whole OF il
aud borrow only the contingency If such pol
icy IS not adopted. tax of one fifth of per cen
on the above arrcles would give 100000 600
Tie revenue will then be-
- Oh land -.......-..-.. & 80 400 90
~tHgs On tras ions,.....,.....s 100000, UO
Customs dutle... -. ......-... 5O,090.61
Olai, -,..........t...,-.. $5lO, U5UUU
Tlns an.onnt viii, Tor tie present, pa, ord'n r
exDen.ls OF tic government, interest ou debt. Al.