Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-12-22

or eountsraet theif fleet. Ary eueh expectations
arising from it's adoption must, fear, prove nnsub-
But. aside from these general objections to the
measure because of is inecieroy is details viii ap-
pear on examination obnoxious 90 more sevsrs drill
crsm and comp Amt. Allow ne to invite attention &C
some OF them: -
The systsm of taxation, fastened upon the ooun-
try for seres Of years undor the sanction OF an
IN evoca6ls compact, must trammol and embarrass
Congress in the exercise Of sound ei,creon IN pre-
parinE and arranging revenue system adapted 10 q
stete Of peace. The considerations which now en-.
foics upon Ne the imposition OF tax In KIND, must
with the blockade and the reopsniug of our
ports 10 foreign commerce. With no large armies 10
subsist il may be deemed txleiient to more the
rsstrcous upon agricultural LABOR aud stimulate Il 70
fresh scivity. Souroes Of revenue, net now avail
able will be open on the return Of peao and prom Sc
rich results. Measures necessary In time OF war VIII
be inapplicable to condition Of pslcs II 70 OF tie
hIRhess then, that Congress- b, left free
70 ado ut such measures hereafter as its wisdom
sha approve and the public good then q1re, With-
ont ucprriD the impuiatioA Of violated obligation
Oertsaly, no restraints shou be placed upon it dis
erection not now absolutely essential 70 the manien-
ance Of the pub 10 credit
tor Orn cotton aua Eheat are singled out and Sc.
D ra ed fr,m other staple agricultural oducs, alt
made sui e. to an onerous TAX. This tar must 10
eon1lnuea on them Il need Lot be on the othels For
the there il no relief save throt ga broken engage
nsnu-ths claim Of OF els to ftToru Legislation may
be rec Ign and granted. Why 10 this dislnoLon
maeeY I, iust and fir that II should bsf
II The PROPOSED pledge Is atty Ct our financial
hid t5n, it ppH aike 10 oil similar subjects oftsx-
ion. III the prod, Ger OF corn, wheat and cottt n
mutt annually part with one-tenth Of his crop Why
ali III moi the pr dre Of tobacco rice, sugar and other
staples n,rbu 3 like proportion Of hisf IL 10 no
answer 10 ssy the thrte frs named ario ss will yield
Il hon lax nm ha nth re.
for II this be- true, il oily pores that fAlkr taI
eo1i ts DIT itusd on the whole, and not the larger
a r, n-s the dc ir ;oiobjeet
o, ~. inlis th' cJhnuy 10 the general
DO lev OF internal ,axatlon. -s may prove very In
furious 10 the public Interests. We cannot ioresee
our condition aft,r the close oil the war l.s wide
sprsad TAvages may be such and the loss OF labor 90
great, as TO rqlhe the entire grain raised for sea-
sou the suSsistsrcs of Us inhabitants. With far
the larger nun Der Of proeueRre t Il quite certain the
supply will not DO more than adequate for their own
wants. To sucd, the taking OF sentL muit DO 90.
rious inoonYInisnse. s,-.-
heavy labIsits in their operation for tho SUI at
Of tie war. These liAbLti must 90 met and Can be
a, only In one way by lssyng dirscssxss upos the
ustpe No other IesUufos 10 left them. Sepsradd
q these the taxes Imposed In the bal, aud you create
burden e1lA " the utmost capacities oil the pee pie
20 bta- Jrnal and direoi taxes should, II pass ble
be left unit uched by our itBhiaion, ahu oI tue use
Of the Sstes. The flarc.sl prosperity OF ell Is init
me tely associat with the prosperity VI ssoh.
This bripgs to the consdfr ltion Of the dstirc
tive features OF the substitute offered.
Iustead Of q partia iSx in kind, the am sndment
undertakes 10 collect sd valorsm duty Of ten pei
cent, on the e. ire impocts aud exports and to appro
pirate ths proc seds spec hcay to the redemption Of
he future issue Of Treasury notes. The proposition
Is free from the objections which are urged against
tbs bill Has it aagantages of its own, and what are
its claims to prsfsrenCet
Tae fepcrt Of the Secretary Of the Treasury, made
a, tbs present Sess on in recommending tbs plan en-
bodied in the bill, estimt t,s the annual product lion
ailer ID. var of the three articles from which the
tsnth is 20 b. derived, aud tfsf value az folows;
1000 900 bales Oottor; at $500 psr bsl'-'he
1.-THE. ....................... $40 900 900
200 600 coo bushels corn a, 81 per busiel,
the dine. .,........................ 40 600 900
Ii" t.he. ..........,.....:..........l 10000. 900