, 1862-05-01
24,m,ND
100000
5,0N,W0
8,000,No0
12,N)o,nW

Total tal........-.............. ses4, ,ooo, COS
In defence OF this brief schedule Of taxation,
youT memorialists take occasion to say that,
from extensive inquiries and calculations re-
Gently made, it appears that the sales Of
goods and merchandise Of all kinds in the
United States annually amount to at least
eleven thousand FIVE hundred millions Of dol
lars; and that the tax Of one per cent on the
frequent sale or transfer Of this Property,
while it would produce the large sum Of one
hundred and fifteen millions to the public
treasury, would be SO light upon the indfvid-
ual consumers that the people would scarcely
feel it.
That from the present, and from reasonable
estimates of the quantities Of foreign goods
imported during the present and approaching
fiscal year, the tariff, IS nov framed, will
yield no less sum than $50, 600, 600.
That an excise or tax upon cotton, az one Of
the prominent OF leading products Of the
South, while 1t will yield revenue OF twenty
four millions on the estimated reduced crop
OF three millions OF bales, will not encourage
competition in the growth of this staple 1n
fotien countries; and that the United States
must continue to be, as heretofore the main
reliance Of Europe for their supply of this ar
ticle; and further, that the return Of peace
may be relied upon to restore to the country
an aggregate annual production Of four mil
lions Of bales, which will still further contrib
ute, in future years, to the proposed revenue
from this source.
That the proposed excise or tax upon tobac-
co, as an article of luxury, will yield this year
| the sum pamed; and that from the peculiar
| fitness Of the climate and soi1 Of the tobacco.
producing States, no foreign competition need
| be feared In their production OF this impor,
tant staple, now so largely used abroad, and
| contributing materially to the wealth Of this
| nation.
That the excise or tax On whfskey and othe,
domestic liquors, while 1t is less than a tiftt
q yffS1
countries, will yield q permanent revenue d
| at leasts twenty-five millions OF dollars, ant
| prpapectfvcly nearly double that sum. Toui
memorialists believe that such tar will have
a highly conservative influence upon the com
muuity at large, by reducing intemperance
which il the principal source Of the crims
the land
Your memorialists urge that an excise 0
i've cents per gallon on malt liquors vii
scarcely be felt by the taxpayer; aud that, 8
articles Of luxury, they should be made t,
contribute large share towards the publ
revenue.
Your 1ncuoria1ists further represent tha
these taxes, WHEN imposed snd realized, vii
obriafe the necessity OF laying l further bnr
dsn upon real and personal property, whicl
already, in local districts, and for State revc
pue, are heavily taxed, aud that the presea
Law, whereby tEenty millions Of d,llars 70
ltts Than cne dollar per capltH) are to be rcM
lied, is sufficient on this head.
| fGnr menorialists respectfully represent
that, in their opinion, numerous advaut sye
would arise to TIC public treasury from th
| p,etn'rial1sts, riz =
l. The expenses of the collection OF til
public revenue, under new and entirely un
tried s3sttEl, snd estimattd by the act Of Con
En'se, approved August5. 1861, section So, a
fifiten PER cent, would be reduced to LEI;
$V fhor r.syt,,,r lev,
Fns:tnn ot licenses and stamps.
; IL. ahe appointment Of a large number Q
new oDlce holders, rome tweaty thoue and l.
rumhtr, a collectors OF special rcvenua
| would he obEiated, as well as the risks wnic
wtuld pertain to the collection and pay nee
into the treasury Of such large sums hY ne,
| and nntried otticinls as the revenue now COZ
| tkmplated by The measures proposed, may b
+ a1tpoEt entirely collected By postmasters All
; others ALREADY holding Office, who have prove
, their fidelity, and are under bonds for th
faithful performance Of their trnRts
Ill. Renewed confidence in the Integrity
, power and rcsourceg Of this Govesnmer
: would be felt, abroad and at home-a fecliu
, which wonld do much towards more speed
. restoration Of peace than would otherwise o
| CUT.
". An income tax. already provided for b
law, and already odious 10 the people, befol
its operation has been felt, may be thus avol
s ESP e Is ha the os %nmpeR5s{ e 1 st of tas
: Of the age has said-<tSnch tar ought on
account to form part Of the ordinary re7ent
> OF the State, but should cease with the nece
e slty which could alone Justify its adoption; /
! otmoch as, besides all the other objections
D which it Is liable, its fnquisieorial character
e such as must always rcbdcr 1t odIous, hu Fey
l. ts1fitpg may be the amount abstracted. II
0 facility with which 1t IL collected offers 4 CO
s'Bpt temptation to extravaganza On the "a
d Of Government, removes the most iuports
rFhn
| the necessity Of seeking for an equality b
U tween income and expenditure in ecouemy
II Y. That the true and equitable sources
. taxation and public revenue will be reach
4 by the schedule now suggested, because, fF;
| each man will contribute in tho ratio Of his
a 1notcl; and, secondly, those who spend hu
d drsde Of millions Of dollars annually, In WI
d may be termed the,.luxur;es aud extravaganc
III OF life (viz. liquors, tobacco, Eeghrs, dc), v
Q DC compelled to contribute more largely
n wards the public revenue than those whose
le comes and expediturcs are on limited sca
l. four memorialista beg leave to recomme
to 70 your consideration report made to t
Boston Bosrd Of Trade, under date of April
1851. which report your memorialiste concei
r. fs in accordance with the yiewa now urged
your memorialists.
9 After some discussion, the above IVES ado
,e Mayor Opd5ke said he had every conader
,t In the adoption Of the memorial by Congre
~ and suggested the appointment Of commit
r. Of three to present It. A similar commit
was going on to Washington from Phllad
| phta.
to The Msyors suggestion was adopted, a
- the following gentlemen were appointed ST
- committee.- -Messrs. a. C Richardson E. h
On and ". E. Dodge.
IL REPORT Or THE BOSTON BOARD
H. .. - TRADE.
r.
u Why the mox71lI Plan In Unequ,
ID Expensive and onerons-.The Il.
ut Plan Foreshadoygeas. -;
IA |. Aa hefnra stntEd. the 6tsuIe 1ue114aria1 In