The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-13

Gun NATIONAL FNANcEs-THn BEARING on
THE TAX BILL ON THE DIFFERENT SECTIONS on
THE CouNrRY.-With the passage Of the Tax
bill by the Senate ends every lingering doubt
relative to the success of the financial schemes
of the government. The value Of its certificates
Of Indebtedness whether they be Treasury
notes, stocks or other securities, is now estab-
lished on firm and solid basis AS soon as
the bill, which : n, in y louise for concur
renee in the Senate 4endments, becomes q
law, an annual income of over 5000, 900, 900
will be insured, which is sufficient to pay the
interest, at the average rate now paid by the
government, on debt of over $4,000, 600 900.
Our expenses, however, can in no event ever
be such as to increase our debt to this enor-
nous sum. fit reaches the sum Of 81 500, OOO,-
900, we shall be able to pay the interest thereon
with 100000. To this add 500, 900 900 for
the current expenses Of the government each
year, and we have a total Of $l75,0OO,O00 to
be annually paid, leaving $25,O00,000, if our
income be but $2O0,000,00O, for the yearly
contribution to sinking fund with which to
extinguish the debt incurred in the prosecu-
our income will in all probability amount to a
larger sum than that above indicated, inasmuch
as the customs receipts will increase as the conn
try is restored to tranquility and the demand
for foreign goods increases, and as the tax re-
ceipts will be augmented after the stock OF
goods already manufactured and untaxed is
consumed.
Vbo Oil S<sr
probable receipts under the Tax bill, as it now
stands, fix the sum at about $1lO, 100000. The
following statement of the sum which could
probably be realized, had his substitute been
adopted, was made in the Senate by Mr. Sim
mons, Of Rhode Island. From the figures given
an opinion may be formed respecting the
amounts which will be derived from the various
sources of revenue:-
income TAX ................. SAG zoo OOO
spirits, at thiry-fve cents per gallon. 42,O0O,OO0
hectlned splrlts ................... 6,OOO,0UO
Deer al ~. lU,OUU,OUU
Tobacco, snuff and segars. ............ 20,000,000
Licenses ................. 10000, 600
Auctioneers' duties, &c.. Is 900 900
Other sources. Observation-Disclosures. $500, 900
Total. ACKNOWLEDGEMENTS. .$l55 900 900
The above must be modified, as spirits are
taxed but twenty instead of thirty-fve cents per
gallon, and beer one dollar instead of two dol
lans per barrel. These changes would make
difference Of s23sOo,oOo, leaving the possible
amount to be actually received $131, 100000.
The receipts of the New York Custom House
since the beginning Of the present year have
been such as to justify the belief that, even in
the present state of trade, the revenue from
duties on imported goods, with an additional
duty levied on few articles, will reach
S10O,00O,OOO. The opportunity afforded brew
ers and distillers to manufacture their liquors
until the 1st Of July without rendering them
subject to taxation will deprive the govern
ment OF considerable sum which should have
been realized.
From the very nature of the foreign trade
and internal commerce of the country, the re-
ceipts of the government will increase as the
prosperity Of the country returns; for the i'm
portation Of foreign products and manufactures
will be stimulated. and the manufactures Of the
United States, on which the chief portion Of
the tax is laid. will be encouraged at the end
of the war by the increased demand and the
protection afforded by high tariff
The taxes to be imposed, being on such ar
ticles as all are compelled to use in their daily
pursuits, and in the support Of life will fall on
each and every person in the land, affording
each an opportunity to contribute his mite
towards the support of the government
The taxes will be burdensome on very
few, as those who are required to pay
drf INN a1i ofn 1u
them back-payment Of the taxes not being
required till the goods are sold. Thus the
Eastern States, where most of the factories
are located, will Immediately draw back the
money which they pay, from the consumer in
the Middle, Western and Southern States. We
shall also be enabled to derive several millions
Of dollars from England and France, which
nations have acted in hostile spirit towards
us during the war, in the increased price which
they will be compelled to pay for the cotton
which they must receive from us.
The BELLroERENT RESOLVES OF THE SOUTHERN
CuIEs.-One Of the remarkable features of the
war has been the passage Of fighting resolutions
by the authorities and people Of the Southern
cities. AT New Orleans they resolved never to
surrender, and to defend it to the last. II was
surrendered the moment that our gunboats
and the Hotilla of Farragut arrived there. At
Nashville the citizens and authorities went
through with the same wordy declaration Of
making Nashville the last ditch. No sooner
had the advance column Of General Buell's
army arrived In sight Of the city than