, 1864-12-13

July !. ls6s, and Its supplementR6co cx
coed the estimates. Without the amendment In
creasing the tax on whlsky from twenty to sf1t,
cent? per gallon, the Law would have produced a
least S10o 900 being so coo more than ths
eetimate Of tic Secretary Of the Treasury, ant
1000, 900 beyond the minimum stated In my re
port
The following bgures show thcmonhiy receipt
since May 1868, prior to which da.e mo separate
account tsas kept
May, 1861 receipts werc......S 40Ga Bo5 o.
June, 1863, receipts were -........ 4,4s3,411. .9s
July, 1863, receipts were..,.....,. +, 293 997 Il
August, 16GS receipts were. 6,60i,s01 s.
September, 1868, receipts we're. 6.136 ~
October, 1868, receipts were. ........ g,611,76S6l
November, 1863 receipts were....... ,g53,a53 Oh
December, 1663, receipts were. 9O34 .Ol
January, 1sGs, receipts were. a,lV,165.2
February 1861 receipts we're. o,355,U9l.6 81
March, 1854, receipts WeEo ....... 8.1i99531 II
APRIL, 1864, receipts were. 9i5, Ill .93
Nay, 1864 receipts were............. 038 40a 1d
June. 1861. receipts were. 10 094 3
The Commissioner expresses the opinion that
the Law as it stood June 20, 1864, would nave
yielded $1a5 COZ, COO for the current fiscal year.
The net Of June 80, 1854, has not TINS far proved
moro productive than the law 1t repealed. This
ia owing to several causes. In some kinds of pro-
dnction the stock accumulated was large and SON
siderablJ beyond the immediate demand. The
price Of xaW cotton has advanced since July, while
the market value Of manufactured articles fer
time suffered marked decline, from which they
hare not JET wholly recovered. The Increase or
taxes, moreover, always has the effect to decrease.
and to aba'e the activity
Revenue in August was then but SIG, ii, 81
sosp5sSmoer ocpEaSe1 :. 80. B5'a12'M933 e19 e Z;
These receipts, however, do not represent he
average receipts which may be reasonably expected
1or the remaining eight months Of the fiscal year.
Inc stRck OF spirits On hnnd tn July has been con-
siderab1y reduced and m additional supply viii
toon be needed for the demand. Thesamo may be
reasons On which ho Pounds ltis opinion as to the
revenue for the current year.
It appeafs that Tie amount of income tax col
Ills are to pety siS vst Ms efecyes eyy ei
threc per cent under the provisions Of the late inv
would produce. On this basis be dsnres $uIos8.-
woa yi soe Tesa ye cent
he believes the prodnet under the Joint resolution
1s95 win not be iess tim sa5 5oo5, 200. 1's' u
Apprehension that Congress nav at the coufnr
session, reduce the tag On spirits, or levy a iax
ne 90 on s9a II an uye
goes on at the usual rate. If those engaged In the
manufacture and sae Of spirits were satisfied Of he
ot be excited By the a:ation Of ,af tbe snbieet IN
Congress, the business would soon find its proper
chg channels. The commissione1 protests earnestly
frequent Eh1uEE3
have been better to impose Jose Tho wbo'a Wba
additional duty at once on spirits rather than ut
fa3 n,nessni peI1oas 70, NC indncement to ascamn
tax on the let Of January still operates and if the
prospect of a market warrants m carly resumption
odt1t4 ssn as 9afet 9sn1s VII ns pto
2 corresponding period Of depression. This incT-
3tagle effect Of ta1htion might hs avoided
by imposing the additional tax at once Instead Of
IN ftn rhn1.4 I nh
Init It would be as we'll that It be Understood by
ne country that ne expression Of the will Of Cor
Elitntca fairer subject Of excise, and none that
VIII produce 20 much revenue with little suffer-
Ing TO the ta1 payer, Il the law ehali remain un-
9eaae les h ehn ahh
ing seven months Of the feca1 year from spi1its,
md double that amount in the course Of next year
% septeaRer tssRs fo5 October ahs msPh. aga so Of
yenbcr, are f!sGs,s5.H. Talipe @ aii
things into confederation. Tho comm!ssio5er bo-
nom splits. and lie y rom ON seeels ga9
tax on Incomes Of 1861 will not be 1ess thau S150-
00,000; Or an aggregate Of Sc, ,000 COO on the
!eSenuc @ from excise for the year ending June 30,
Win some changes IN the administrative points
of the Law be heefcs 1t will yield tho year end
IS 5sfs1f in S; 81 8:
SecfetaIy' s arrangements, the Commissioner rec
ranremcnt int NJ NJ y teMnnr, nv. a paent as
Figures from various antborfties are snpnorted
by an extended argument, the conclusion Of
and products. In year viii he obont seyen thnn.
sand million dollars Isl to0 o1 ooM NJ, which nv
o. 1nenaa 1t one per cent Will produce hftyavc
Tic tax Of one:ha1f Of one per cent on
s2s srl.ssa Of y, me-. ms5ehaadise produce ana otaeF
ucs for monies, coin md bullion. arca5y provided
for, to go into operation In time to cE3brace liz
transactions Of January next and 10 continue M Tor
ycar lie grener par Of whnt viii ef1snt e seded to
make Up the total yejld Of excise to the 800 a
required; and will, within the calncdar year, under
able, produce the whole balance aud a surplus sur
ncient to The treasury against the recurrence
at the end Of the fiscal year Of 1eG5-G Of declt
vide. '~- "~ A''" ~ p'''
he then nrgnes that this method Of suppls1nc
The deficiency is preferable 10 direct TX Or 4
Tie Commissioner then states Mt length tn djt.
fcr1tes encountered by attempting to execute the
provisions Of The Inv which IMPOSE duties On
the law is impe1atiyely demanded, aud surrcsts
that an adyalorem scale be ailopted: 7e~S~1
r. adds, however. that it appears question
leaf By the adoption Of guch measure franda
can be more readily gaarded against % thsa low low,
and the nnnoysncea to which The manufacturcr i
necessarily subjected by any efficient schema Of
and collection will be obviated.
4 light duty on the Leaf accompanied By IN nd
would anEwer good purpose; and By lessepfuc
that temptation to evasion would laciltate collcc
ton. Either measure would be an improvement
upon the present law: may add that there is a
general concurrence Of opinion among collectors
and assessors In these viewt.
1t is shown that the effect OF the ta1 on mineral
coals has been to encourage the Importation OF
coal from Nova sco,fa, whence, under the rel.
procity treaty. it comes free Of duty. Tho Com
British provinces, rs 1t would on a revision
Of the treaty it would secure the market to our
and add to the resenae Of the
Numerous facts and arguments arc adduccd to
chow that large amount Of iniiaa Corn Is ship
TreatS, there Distilled. aid then sent
bnck in the form Of spirits. Also, that tobscco IN
sent hack again. The Commis ssioner th,en n: adds:
That revision Of the treaty would p!obably be
quickly followed By an import duty on tho tobacco
ind corn now entering free, The effect OF Which
would be to check Illicit border trafc and sare to
The Government several thousand dollars
- he Commissioned enrrests fhat the assavin1 os
sold md eilver should &c done 1T Goyeinm mt
oticcs by of5cers annofnfei lar that nnrnose
Id this end he license ice may he rssef ~ lit,
that aseayfpr on private acconnt wonfi hernSn
impossible. FA'~ '-1' "'AA0 'e'o'Ao
Ihe Government rnfoht cvcn nn-chosa +hn hui
ion nt discount snficient tn cansitrfe n re,snr.
,hie taT Snme 6SM srranrnmnnt .rnn,d .ac0ra
IN tfo miner fn{r r,1co rnr hia 1,1,,1fn- or5 -
hcrs rhecE ia f1nnprtnttau ~ A' o0o-1' taa PR
ifc st,ccests IN nf trrn or ev,,, +h~oo co,,..
W ,oli66 ~ crn5a net,oinnr, ri ,nd t4i tss
10 mnoaition ~ srrh ~ liz III % ~ n1,t
= tha 4nr o rn,a ~" ~ ~
~ anlion ~ t,nrtean ~ fInnr cauta reti .;aI
iarrcr rercnnc thsn g. - nv -aeoiro ,I ~,
,cnaTr;, ~ aii rn 3its1, "ao snso NC
IL state. ~ anstb tha :c,,+,os T.,
eochiro fhn naTfir IT, ha taxnd a., th e "
nre ~ kooEs nnd savs en1na nhor1a ~ ~ ~ thi .1at ~
hc laxr il recessitv s'AAs ~ tn1s p"s' VI
lie carefuiiy iiiscnsses ttc onca+ion NJ +ox;,,