, 1864-01-23
Taxing Profits Trfcc.ss

Fiffnrs rhIenro H+fbrro.
xv1-+s~s-r v,. 1x 1oc.
WHITEWATER "fs,. Jan. 10 ista.
As Congress is now In session, wish to
call the attention OF manufacturers, whose
"Ateo ere uos al1lcles o1 import, and not pro-
eona,jtv of - Tho ] n-ssen, W ta~ @ ,n,y sN's' "Ao LIZ
~t1A'1 y. As plcsent eAa m"'
You published in you issue Of June 10th,
letter from the Hon. E. B. Ward, headed
"Taxinr Profits Twice. ,, written in ren1v IN
nm Irritation tn 'nttana The Morrf,,t,,rars,
Conrantion bs1d - ~ ~ - 1nan - ..e...
etr nw3I,h ns aT. :. Waus ~ - 'one In your
The manufacturing interests Of this country are
OF v1tal importance TO its prosperity, hence every
~ q tonEIees or q me people, eearlnE upon
eiGc1ation sHooo pe 'ne 1esa's OF eafe'ol con-
IA Inannfactnre,a and ma n,tr,ot,r man va
should cuar az far as possIble aca,nst opnressfye
taxation; and EhiIe We protect our own interests
In this regard hold that we also protect the In
tetests Of the nation.
lntEfs We arc agreed, and1 only object to
the tax so far as 1t is unequal and oppressive.
md on1v aek n c.refn1 recons,dcr,tfdn 80 IN
10 :. .eia,ss ~ ina.np,4etels,s VINO are mol
projected " tariff Hc further says:
1etns zee whether we ARE oppressed By tho acts
complained & of:
The n1ea sates .o1y yg geaFs & dne tS Or
importance to or interests ef having h PfoteetiVe
lux 1u81GtaCf1ftFS
American market for their products. Congress
has passed fueh an a:t, and We are now enjoying
Ine nenehts Of tts operation. In ny opinion
~ ic.s ~ " nsn W Sou nom Moala
neal e5 evrn nna.Ss't w., ttect,a II 4 one IT.
foy. ~@@ @'A >''1 pAS''~@''A nv A0" ca
The honorable gentleman heems to hayc
been carried aTaT with The idea that ali
American manufactures arc equally protectcd
by the tarid. Hc SAYS Hwo had bcttcr nav
twice the amount Of Tux rather than sutIer
lie repeal Of one-half tho protection we now
cnjoy.h This is undoubtedly true in LIS
their goods-particularly iron-haye to pay
about one hundred and fifty per cent. ad-
vance over what it was before the Morrill,
tariff bill went into effect; consequently, Mr..
Word can well afford to pay the income tax
The duty on iron understand to be twelve
gold equals about cent per pound. Esti-
mating the original cost in Europe at $40 per
ton, the exchange would be about one cent
Fer pound, which, added to the duty, would
equal protection Of about two cents per
Found. Thus excluding foreign iron from
lem manufactures profession eqnal to $40
per tom very liberal protection, TO say tho
least-and 1t is not to be wondered at,
That Mr. Ward would rathcr pay
double he amount of the income
tax rather than suffer the repeal Of one-haf
the pfotecnon ne now enjoys" 1t is true tue
premium on gold Would not be reduced BY
the repeal Of the tariff I should he pleased
10 have Mr.. Ward explain how .mantfactu-
rcrf, whose wares ore not articles Of import,
are protected By tariff I can explain to
him how the tariff, for which he has SO much
might say Wlth equal truth, that II Congress
will repeal the tarlE-so tar as relntes to iron
We eould well afford to pay double the in
40 ~, u drot t1ns secnTed trou1h
~ ~ ta9I T Ilous @ ptotsst!on tuua oceusa entuun
tne 1aian ana e3ehange 10 1foa ma manu,asta a
and the american, manufacturers have not
been abIe to supply the demand: hence tler
are enabled not only to add the Government
their sales, but also tne income taS
ana ana as macn s m9Ie Us tnelr .s conscience et
ricn1tuIa1 implements have kept full I
supply in the market. Hence they have not |
bccn able to advance ten per cent, SO TINT |
suppH aln ~ !n " .nu
nj natus ypiniou ~ tn1 not" ", IL u
etaholne. Ncitaef should We aao az Tue
laxes levied y Gogefnment, 70 Inc eps pI1ese @ o.
do s t won1d naa e rat6er 1 cSean natriotism
Monla Ge entlfely sa,lfneo, eonda , ~ aaa .as
a1p auulpnht o. cos1 1 " n.oeh' I'LL tue 1aAeS
taysen- ~ aso sass'
ETery mannet1res a Who 5as 81. saeasnt capacity
ne @ aqhS e. tnS a1a Sanse
he H. ii is 5 naid ept{rs1y bv " The eonsnmers:
In reply to this I have only to saw. TINT
If a1ricnltnrai ;mnienrents
According @ to nr' HaTd. lack tie CAPACITY to
oondnc1 9hc;r NJ In hns'nose' 'ff Te fnr,he1 sars.
uu. msa su utees sa,.. -. .e.
III ch1ce ~ the nnd
aii other ia1cs III manutactnrer pays. Il he has
10 income. be nays no tax: if lcsa than $1,000,
three per cent Il over Si0o00, i've per cent thus
requiring the most prosperous and fortunate to
contribute to the needs of the Goyesament under
wnlsn We nse IN pEopossaon 10 tnelf prosperity OF
s9I IL nnt tSis ode of asses.u+nt eminent1v inst
nnr;otir an1 e'atesmaniiEef think Il ia and "A
1nanufsctnrer md taxpayer, an willing to pay
my income tax on the net Proat Of ny business,
just 60 long as Congress- give ne fair protection
agalntl ne e5eap labor OF Europe, ana ta8 1os
nav mr. share of t6a nnhiIc Hnriens ehesrf.lly
g. hrreaftor ana nn- fntnrasta not nf5;ricntIT nro
tac+sJ ~ 30 4T ann1 - Gonnqass iii rnoa fnn
ecfae. np ~ ~ ~ - ~ thev 9vi1
81 dnh. 'o1 ~ y H. = ,ate az
~ 4ouot &1aAt -. out = We tlaAo IL .ht o.
.scss upon tnelf es1en Ne enoM taem a taat w ~
a.e 1ot 1na. toHalos tno tas T. " t11aa no*
eAP-el Aoe1a1 LEGISLATION Au1n lAeta ~ Autue'
Mr. Ward here INQUIRIES "Whether this