New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-12-14
PUBLIC, roCUMENTs.
sD'iernnI Revenue.

yyNCPSIS OF COMMISSIONER LEWIS htPONi'
The main Features OF our policy OF taXa,ioil
NAV he rcgsr sd as settled hu in particulars the aw
require to be amended Even in their present siIle ~
il believed they viii produce much larger iene,dJi
than indkv tied by present receipts. But inc ed
policy Of change requires to be in favor OF an
revenue Some claims for reiief ATE neverto.s 90
Gtled "a be heard Among them the uivine souId hc
eallcd-on mutual lfeinsarance colnpahI..s S .uo 81
repeated, those dividends not beng IN .i'o ;,ahIr
income from capital nor capable o. c 1 1snt, an
assessed As partial compensatyU" low raw he Justly
~crossed 20 fftv cents on each zoe of insurance
Stook life insurance conpanl,S si"an ~ Cow tbesaFe
If revenue. .,,h, ;,o,oosol from |
20 to not less than 60 cents per eaoo, ~ p =. toy
presens tax on malt liquors, II is reeenmenocu 20 a
the malt ITSELF EXEMPT 80 cents bushe er ho,
10 inc rense the malt liquor tax 70 81 30 per oaIe vi
netrDleum oil q TAX should be laid n its crude h anu
the draw back on the export Of Illuminating OK oe re-
peJed. The tax tobacco is too light Enssnd taxes
en- 70 m oyery hundred pounds of unmanua'. nred 70
bscco; 1854 81 on snuf and Ss52 10 manufactured
tobacoo; with the iD,ent TO rsse revenue On the IA"
material and secure the profits Of its naniactarc 10
British subjects. Her average revenue rroll II or SIEVE
raj years before 1867 wore than S2f .o0Voo ia
France tobacco is a Government mcnoIHly ainos'
no manufactured tobacco is 1mperI"' ou, W. 20
ported tlither in 1862 3,30a $40 pounds W
which the net profits to the iSanch GoscIn
ment Of manufacture and sale wn3 sl3,2So'e.
There is. therefore, no reason WIS We shouH IA.
the tsw product 70 foreign nations ~ cheap rhtc LOT
thor bereft Our production has din nshed IN cense
qutmcs Of the Rebellion, while the fore gu demand y
CreASpg. II is proposed that rpft % NC
,caS IN the hands Of the producer and no drawpS@ NJ
hovs on IT'S exportafion in thai slE pc III any gray"
back is gowed it should be only on the ~ o
art Gle The tax VA tobacco III fc leaf with al inc
istt ms on should be - cents pornc IRON c ~ y,
s cents additional should be eyict the manhts tnrcd
article & which asirawback nigh be allowed ~ h"h
10 to Is cents. Or native wines du.! OF iVceh's
gallon may be reasonably imposed ST..
The estimated revenue from internal duties
was g 80 OvOOO1. Actual receipts ron SfptemuCi
l. 1852 IN September l. 1859, were Sit4ss4.J W.
The drawback 10 June 20 were solooeo5 :
to Set. l. SJt66 30. BUt considerable amounts were
in hs Gs of collectors and in transtu and II Is SAFE 10
sayt total product TO Sept Will ainornt To so1o
coo Without alteration Of the law the amount would
prot lblv be 80 600 greater next year. Will II.
me, sasel ex-e recommended the from Janu-
ars December 1854, VIII probably amount to ss
GOO As more revenue VIII BE likely o. be wanted the
fcAowinc additional taxes recommended TN MN
err and soda water Ac cents per dozen nan pm
10 les cents per dozen mint bottles one cent oot
tie for largo size; sold Otherwise per cant ga reior
Schedule A. section ~ OF excise law MAY " ehatSeu
iBeadine other articles ~ luxury as god watches
aros dogs diamonds, &C. Cotton now i aA
cent per pound may be increased 10 tive cents ihreai
and warn 3 per cent al CGlorea. F'aiGs, sinngies
bricks plaster tiles, ink naQs. period ais &c "oa,G
near an cd relorem duiy. Auction sGleg percent On
ssnrhter~1 animals a. follows: On each head Of
horned cattle more than eight weeks old, slaughtered
for sale, tax Of Thirty cents and On caves OF Hga
weeks Old and less. taS Of i've cents per head. On
Slaughtered swine exceeding tfiy pounds IL weight
ten cents per head
amended as to incinde corporations manufacturing Tor
their own use. Incomo-tax needs Sow modinC cations
Incomes 5000 and under SO 900 should be taxed
four per cent; so 600 and lees than $40 600 Eve
Der cent, over s2aoo five and hall six per cert
Tax or foreign consrs income may be repealed Stan!
duties may be gradually extended and eslargcd Re
Ceipfs the payment of DoIeT could be taxed one cent
Numerous instruments IN writing now exempt MY
justly be made 10 pay stamp duty. On pfolaissort
notes inland bills drafts and orders mortgage and
personal bonds, the duty should he doubled. and II Is
recommended that The maximum Of those 20 be required
in any DC also doubled thr the stamp duties M
agreements contracts o.her than those specified n
the schedule be cents that The words exceeding
twenty dollars be stricken from the clause IA schedule
relating bank checks drafts orders, and also
from the first paragraph Of the sixth section Of tee
amendatory act that The stamp duties on ife marine
and inland insurance policies b. doubled that those CT
leases be prOporfione1 "a the rent reserved and the
length OF the term that to letters Of attorney 10 90
single acts. such enter satisfaction on judg.
ment OF morlgafc eAecAte raPr or uocuu,el, otscr
than conveyance serve notice or process 10 appear
to a sun action receive pr money wages of
labor be assigned moderate duy appropriate 70
the nature Of the service 40 be performed than that now
provided. and that wrts. and Other process
for tire commencement OF aenons before Jnstces o.
the Peace in cases Of civil jurisdiction and writs OF
execution also ssc by for the seizure oi
sale of goods be made subject tc small stamp duty
Notifications IN the tv invalid atng Instruments for
want of stamp may be mafe. The tax on lottery tex
cts is 80 large 10 he eraded moderate one If
therefore recommended. Tunnage receipts q r't way
and steamboat COMPANIES nay be taxed rs wen % as
ReDger receipts All corporations making profits on
dividends should b. subject 10 duty.
The per cent half yearly on the liank circulation
should be increased to two and ts one cgih per cent
deposits 20 one-tfth. Sales ut brokers
boards should pay One-tTcntiefh per &c NJ. Monlhct
tions are suggested in the legacy duty The eenSC
system should be extended
All these changes however viii not PR baby pro1ucs
the 0O) 900 first estimat d, ami IT is recon-
mended 10 lay tax Of two per cent ad tiona OF thf
general manufactures Of the county. he expose o
collecting the revenue has boe~ about six and two
twentysevenths per cent Of tie receipt Which IT Il
thought may be reduced AID some met hCos are sug
eested TO that end The annual ssy =. incl ding iso
taxes should be assessed and collected In manner sim
liar TO that provided for monthly taxes. AuIa.rOu
other recommendations are made IN order to- economic
expenses and to increase tie certainty an amount o
collections