New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-12-07

80, 1890 arc estimated as follows;
Internal duties ....... 800 060 600
nd . Loco 600
Nisce!laneOus sources .JOC0.0 900
Aggregate. 500, Ooo 900
Dslaree X nnexperjeJ arpropratiou $4,000 0oO
For Tho civil srry ice - .. 3lp-2. O91
Pensions and Indians. Observation-Disclosures. Blb,o91
The War Department. 81, ~, vi
Navy Department. ACKNOWLEDGEMENTS. ll22l!tot
Interest public debt. l2',OvoVO
Aggregate. ICE, 255. Oo5
Bus from this aggregate there may be ne.
Quoted ~ likely to remain unerpended at 49,.
the close OF the year. ......-..-.---... 3JoOOoov
Total SsiS 10, 90.
Dednct estimated receipts from ordinary sources,
$500 600 there win remain 10 be provided for by iOens,
sis2 COS To this should be added for redemption
OF Of certificates O. indebtedness s4l 36aOoo
making the whole amount 10 be provided FOR by loans
si69 oil COS Assuming me correctness 81 these ecu,
mates the whole debt the first day Of July leo,
would be found by adding the foregoing amount oil
sis. 256,OO5 to tho estimated debt on July l. 100,
81 ga GiG77 giving 645 $50 BE- as The amount Oh
the debt at the close Of The next fiscal year.
This calculation is male on tho same basis OF receipts
that assumed for the crrren. year lt IL quite prof.
able in the Judgment OF the Commissioner Of Internal
Eeyenue that 43cO co.. 900 may BE- received IN another
wear from that source without the additional legisa
lion suggested by him. Should this superstition be veri
fed and te new taxes proposed for his ear be 'aid
aud continued, ADDITIONAL LJty Hlont HkHt po Ca
pected from internal revenue. The Secreiary has how
ever thought II wiser 10 name $500 10000 as all that
vonld probably be realized. ,
II win be observed that the actual receipts from ordi-
nary sources Tor the last fiscal year varied maternity
from the estimates, particularly for customs and IN
tornal revenue This variation s inputabe, in great
part, to the legislation OF Congress ut Its last sesyn
increasing largely the rates II duty foreign anu us
nestle articles. II Is Appreciated, however nht hml'
lar results will follow for the residue OF the present
year in both these particulars.
M. 81 fsru lpfs
June 30 lsti has already had the effect " decrease IN
port 10 considerable extent ana The same 'h'''
will he likely 10 con,inrc. 80 that estimating the ],
naming quarters ty those Of the trst ~ INC sht OF
former experience IL III rot be SAFE 70 calculate upon
revenue from customs much exceeding sl1V"VN ior
the current year In the demento 81 the secretary ths
disadvantage IN financial point OF view is more than
counierbasnced by the siimrns afforded to domestic
industry and tie consequent increased revenue rum
tina; source.
able ?, mlt nav be anticipated. " viii be noticed ina
instead u s17Sp O3 ~ there was received from 'hls
source in the past year $40, j0J" % uidef the sane
law which nten monihs of The preceding year !iclucu
only a. go -, n, The Lew law, which went into opei'
alton on tie lsi IL July last largely incirlSng tLcsc
duties although Il will probably fd.l to produce me
amount Of revenue hoped io-. may, II rot materlaH,
cha .d together with the special income tax impose.
by HE iout resolution of July sH, he safey est
mated 10 produce tie Of s25,o0ooo, should me
business Of the country he ordinarily pEosftous me
,sme c,1s,s who. under pItccuinD laws pfVutce So
iar-e an inereass f. he re- OEd wear, would bo Aes 10
have similar III, Z, to rome extent under i.e lie"
law % tlat M least Tie amount OF s2"uo,"V nay DC
eNpccfad from 4 IA n)ieT year, "!tAout thS az" VI
special income tar. IT,.
Hut this amount ID ro: aud ought not 70 be- sats'ae,
tory Three hundred millions AZ east should We reIssu
ro~ internal duties. IL - ior congress 70 se'y' ,'
sources and devise the modes in which this most deslf
bic result can DO obtained aud TIE report OF hc 'oh
missioner ol inlorunl Rev nuc - reierred 10 !o' LIS
views this important point 1a"' - ior nan! NS'ua
lie suggestions having reference 10 ne same SeLe''
subject.
The Secretary will Ncntufe Win great Difference 70
remark that In his Judgment commission. p'olerJ
constituted ioT The purpose % in4urnG as 20 ponn
he sources of revenue. and de,iang Improvements III
the noes II lis collection might N country of such
varied production and among people 81 suen diverse
Industrial pursuit elicit nuch Information when "ouid
materially assist tie deliberations Of tongIer' ana
tighten IT, labors upon subject So aow TO. iesis'
latiVc experience OF tb.s continent As, however
rcsol iiion pointing 70 tlis emf an mol meet we up
PROV nj II Congress It's last session. the Secretary dl
moi feel authorized t. institute inquiry through such
fundamentally ana lie has bed unable 10 ADOPT other
elective measures ior The same purpose AMER Much
rejection and car'fGl revision oi LIS opinions heoio
fore expressed IN atOther latc-io when under the
circumstances be may lie pardoned 'or roeirlng-the
Secretary feel Obliged a. say that he sees no other re-
source for raising The additional revenue 80 necessary
20 the national credit than those polluted ont by the
coinmss ioncr lie 0f tie great dill euliIes at
tending the collection OF tie duties proposed ana iee!S
a the force of the obeCons heretofore made 10 their
IMPOSITION. IL nevertheless believes that lax Oh
tobacco IN the leaf ar unmanplactrred II II eau be en-.
forced IL Ire Only mode by which duty on the article
cGn b. collected fairly and equally, aud through which
adequate amount Of revenue can ne obtained iryn
H. lie believes also, tina, although tax on snles
would probably fi Of collection 10 some extent yei by
applying 1t stringent rules requiring frequent PERI
odca returns verified by oath, coupled with the power
10 compel al ,xLb,t Il books Of account might Dc
come a very large and important item OF revenue.
Tie Secretary would further suggest whether the In
come tax should not he collected upon all without eN'
emp,on H. law II Is opens the door to hnnInera'
a. In al u
vast majority OF incomes are snn While all PARTICIPATE
alike in the blessings of good government Ibe adop
lion OF auYmonting the rate OF taxation upon IN
comes as theyr IN smount. though unequal IN one
..rse cannot Ne considered oppressive or unjust mas
much as the ability 10 pay Increases IN much more than
nrihmetcal proportions the amount OF increase OF
income excees the limit Of reasonable necessity FROM
the results Of experience well from all The infor
nation received the Secretary is well convinced that
much reyenu, WAS not collected through an imperfect
execution Of be law, and more through iraidueht
"a aion OF il, provisions Time and effort will. II is
boted remetS these evils in great degree and the
confident expectations Of those who framed Il be real
i1cd In themeantme no eff0rt should be spared 10
perfect IT, asfar possible and experiment TO in
its efficiency OF which there is REASONABLE hope
az success, sould be LEFT untred.
Tn connection with tho subject Of increased taxation
and the necessity OF providing additional revenue nom
rI nary sources the Secretary cannot but cell atten'
,ion of t0ncess 10 public domain, and more espec.
ally 10 that prton of Astounding IN the precious ana
otitr metals which, by the policy Of the government
has been resr,c ed oLe Nation. He can add little how
eyer on thee points TO what has been heretofore 40
abIy Get foth by his predecessor The agricultural
regor has through the operation of the Honestedu
law amosi ceased to afford direct revenue. What
ever night DO the opinions OF the Secretary as to the
GOOD fleets Of this law either in State or National
Doirt If vw il IL not probable that any expression OF
hose ,pn ons would tend 10 effect any material change
or uoi,ficitions Possible had the struggle in which
the non IL now engaged been foeen even appre-
hende Congress might have deemed 1t prudent not to
adopt system which renders 40 large portion OF thc
Am ain tiluhl
wnv OF pledge Of its proceeds appropriation Of
these proceeds permanently TO the creation VI sinking