, 1864-07-18
EMG9I WASHINGTON.
Matters Mt tbs Capltal-Fluance,A Army
and Navy intelligence,

gotlations with them fell through, wlatey
tie oetensible reason, because Of their abs
II lutte inability to furnish the twenty ml}lIo;
required, there being but fifteen millions
grtehhackB in New York city, the balau,
having been sent West to purchase produe
The banks being unable to leud none
offered to lfnd their credit, but the Secretas
considered that he had no power to nrg.
tiste sucl a loan, and felt unwilling even
he lad the power to use 1t. lie was urgef
from some quarters, to take mcaaurcs t
make the money market easier, but rcuIie
to the contrary, that he would end.ayor t
make 1t tighter, Eo as to reduce the price {
gold, and the ncceesaries Of life, and thos
articles which the Government must m,
chase for the army. lie will hare. recours
to o popular loan, probably ct per cen,
preferrlng to sell long bonds at or even be
low par, to q further ina4tion Of the Gu,
rency. The advertisement for this loan ma
he expected to appear befere meny days, i
the meantime, thanks in great measure t.
the new tax, We are fully able to suppl
present needs. Fifteen millions of dollur
were disbursed yesterday, and, we are o.
sured, TINT the next weekly st. tcmeat OF td
| public debt will show reduction instead 0
IN increase o; tho amount Of unpaid re1ui
slt1on, md decrease, also, OF the amoun
OF notes in circulation, more per cen
cuP"n paper having been withdrawn thu
compound Interest paper izsncd.
INTERNAL REVENUE.
The Committee of Internal Revenue h,
decided that by seth section Of the sct q
june 20, the manufacturers are required t,
return the amount Of 2etual sales as the D.,
Els on which the assessment Of taxes ia TO b.
made, or in case Of the manufacturer and hi
agent, no eale having been made, tue vain
for purposes Of taxation shall be cstio.atet
at the average at the market vatre of th
came goods at the same time when the UNI
become liable to duty.
The taxable value In such cases Ia to b. de
termined by one or the other Of the a5oy.
modes, and in no Gaze Ia the cost OF proi1uc
tton to be takc71 as the basis for estimati.:
or aeHcssing.
This is plainly evident from the deduction,
allowed by the samo section. When goods
wares and merchandise IRE sold to auothe.
Manufacturer or producer, or his agent, nc
such deduction will be allowed, 1t cost oj
| production were taken as the taxable yalue
OF the goods.
OF the clauses relating to 1lonols. of the
Ath section, 1t is declared that the valuation
OF cigars herein mentioned shall In all cases
be the Fa1ue Of the cigars, cxclueiye Of the
tax.
THIS provision requires a T.1re to be
sought other than that Immediately indicat
ed by actual sales, by which to determine the
different rates Of tax,,on cigars under tue limit
OF values and rates. i schedule ha
been prepared of sales aud rates, and since
the tax on cigars valued over sis per n, is
~ cents, 1t follows that all cigars that are
sold tor more than $50, are taxable at the
hieLeft rnte provided b. the Inv, $40.
The next grade below are cigars valued At
$50, the tag on which Is SIS Now, when
ever the manufacturer sells cigars for moe
than SIS, but less than $50, he is liable to
pay tax thereon Of sa5 per 1000, as they
come within the next to the highest geadc.
provided By law.
Pursuing this course with the other grades,
We give the following schedule:
Cigars les than s13 per thousand, known as
Cigars testlne ut net over ssl 81.
Cigars selling at over 81 aud not orer ss5, Si5
6iRlls eei!:ng AZ over 80 and not over SIS, SaJ.
C.ga,s ecllipy at 365, $40.
Cigarettes IN like manner.
If the schedule does not III all cases give
to the Government the full amount of tax in
tended, 1t obysates the difficulty that would
constantly be meeting the Assessor without
such o schedule indicating sales value name-
II: the problem of finding from the sa1es prl-
ces In e:ch given case.
The two unknown quantities Of sales OF |
the cigars. exclusive Of the tax and itself, the
taxes are to be paid when the cigars are cold,
Or consumed, OF used, or removed fur con |
or, for delivery to others than |
agents OF the manufacturers.
WAsuEo1oS, July "a. - The following
leader from this mornings Chro"ic,s ia sup- |
posed to represent the views OF the milit11y
authorities. The sudden disappearance Of
the rebels from before the city, ,atter affecting /
to lny siege for three days, Gun leave little
doubt that their object was merely to divert
attention, while their cava!ry wefs. engaged
In stealing horses and cattle and REMOVING |
them beyond the Potomac The absence Of
my considerable United States cavalry force
In this department has enabled the auducious
rebels to carry out their plans with consider
ahle success: It was next to impossible
tor infantry to watch their movements or
prevent their successful dashes on the rail
road, while the rapi1ity of their movements
ia small detachments, and their sudden up
pcarance at SO many different points s,mal-
were well calculated to swell
their numbers In the Imagination Of the de-
[eDselees population exposed to their dsprc-
da!ions. Various speculations have been
Indulged in as to the objecss Of the rebels
lD making raid or invasion; but it ia pro-.
babfe that their motives and incentives were |
satious. They Tere doubtless hungry and
LliEsty, not to soy naked, and being for the
!lne cut off from communication by railrold
with tht South, nothing. Was so naturnl as
'or them to desire TO rep1enish their exhaust
Something Of the kind may have become
absolutely necessary and at any rntc 1t Was
great convenience to open q new source Of
'upi:lies. It was at the same time . matter.
worth essaying to attempt raising the siege +
# Petersburg and Richmond by threatening |.
.vashibGton, baltimore and Philadelphia.
The capture Of one or all of these places bg
. sudden dash was not deemed impossible.
such must haze been again the cogitatlons
# the rebel preliminary to.
his last attanpt at the Invasion Of the
obvious consideration that, .pent up
q Richmond and vioiuity with nothing prac-
icab1e to be done In front, 1t was highly
'olitic to employ every soldier Who: could be
pared from defensive operations In active
lostilities against. the enem5's rea=. The
|
large amount Of property, and
they make their way back with their booty |
hey Will haye much cause of: congfatnlatlon
y thelt friends; but they have at tile same
line, although they should escape, done an
service to the Government which |
hey are endeayo.ing to overthrow. They
lase rallied the Loyal people once more to ita
upport SIS 20 appeal from the authorities
:olld have done, aud they have thus made
,ssy the otherwise difficult task Of recruiting !
be army to the extent which was deemed
,ecessary. The who'll country will Y 10
Of the importance of placin at Tie
command Of the Goyerument force 1at1-
:!tnt tp defend Washington and the North
viii ont weakening this armies engaged in
|seni]ing tue rebel stronghold
In the above the Ct.ost!cze cal}5 It a threa
layh' eiegei but 1t began Morday forenoon
md enHet JUESQ8F Ql&Hts. -: -; t.f. i