New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-12-13
Internal. Revenue Report

This following figures show t3o IDn.hly N.ciIs since
Msy 1873 prior TO which dste no separate account was
Nav 1856. e. EOS o2 Dee lss2. sGal0l o.
June, 1867. ++ss All ~ JAM leo4 9i71o, -
JAY 1863 29s eG IL Feb. 1861 9It,Oss -
Avg. 1863. 8 6Oi2Oi % March, 1874. s!i993 II
SePt 1863. 1856 25 ~ April, lsSi... lG9fI ~ -
Oct, 1t63..... 93n7os "a Nav, IsSt. .-l2orfO! 10
Nov. 1868. 1853 9s3 on June. 1851. 800 q
The Commissioner expresses the opinion tlet the 't~
stood uDe 90 1894, would have Yielded si23'Vt.v
Ser the current fiscal year. The sel Of Jpie :"
las not thus far proved productive than ne Ia"
repealed This 10 owiug'to several causes AZ sou'e
Minds OF production the stool accumulate was iIte
and considerably beyond TIE immediate orueh3. &c
pree az raw cotton has advanced since Ju! w!e zoe
market value Of manufactured articles for time suf
kred marked decline. from which uey have nov Yet
Wholly recovered The increase Of taxes m0reol
always has the effect 20 Decrease Temporarily. prodrc
ton, and 10 abste tie activity oi inland tra' =.
Revenue in August was, thns but slAfi'Nb -
Revenue IN September '-.-..-'.- tSS,s, 10 ~
Revenue in October ........-...-. lLt1.,ND "a
Jhcfs receipts however do not represent tbe aYef-
see receipts which may b reasonably expected iof ne
rsnaniue eight months ~ the hscal wear. The ecSl
Of spirits on hand in July hes been considerably re-
dDeed AID additional supply VII. scol be needc" o
Che demand. The same may be said of tobeceo
The Con missioner proceeds show tDe fsis.ns gu
whcn he POUNDS his opinion the reveuue FOR the
current year
il appears that tie amour. Of income tax collected
kst year sZ3 $751; s3 95 He believes The bsure TO
represent pretty fairly what levy VI three per ceh
aDder the provisions OF the lafe Ia" Tooo produce
On this basis he figures 50 ee6 Us, Il ss the .moo
~
lhm estimate he saws viii not be maintained; bnt on
the whole he believes special I've per cent tax on NJ
comes u 1868 viii not be less than t35WOpN.
Apprehensone that Congress may st the coming ses-
sion reduce the tax spirits, or levy tax upon Inc
stOek on hand arc exercising . unfayorabie influence
On production. though consumption goes on AZ tne usaa
pate II those engaged the manufacture and sue OF
spirits satisfied Of the pernsnency OF the Jaw ana
SSai the market wOud not be excited By The aS"tipn
Of TIE subject in Congress che business would soo hnd
N proper chsnne.s. The Commissioner protests
earnestly and at length sgenst frequent changes IN any
hv aid adds that II would have been better TO improve
me whole additional duty ut once on sprlts tiai al
different periods; for the induoenent 10 accumulate
stock 70 await the operation OF the additional tai Oh
fbe Isl Of January. still eperacs and the prosper
Of market warrants early resumption OF dsti1auoN
fhe market will be stimulated into activity sgain ~,
short period to be followed BY corresponding period
81 depression. ,.A
avoided BY imposing the additional tar AZ once instead
o. posipOuing 1t sixty days. but, on the Whole tne
Commissioner submits that would be IS vel thar IL
D. understood by the country that the expression OF the
vii OF Congress In the last Get IL hDsL NO article
made constitutes fairer subject Of excise and nnle
that wl produce mucb revenue with 30 little snner'
ing the payers il The law shall remain 10 INTRO
lneed as 10 the rate II tax be estimates that We shall
ssalize not less than si9c0ooo within The rrmain,
ang months Of this fiscal year Ron sIts, anu
double that amount in the course o. the next yoeI
The aggregate receipts foT the moDthsMJny, August
6eptembeT October and November are s.AuSrs e' H.
Taking all things into consideration the Commissioner
believes the receipts exclusive Of the 5000 90 non
spirits snc the SIS ocoscO from special War tax on In
lcf3, VIII not be man clio
aggregate Of S 600 tie foIn excise for
ake year ending June 90 lsoa 80
With some changes in the administrative parts OF the
law he believes will yield in the year ending June 80
xss6, the sum OF S30a 10000 -
The product for the present year f.Dng eSaoDO0
short OF the 600 co. 90 demanded by the SeeretaT
advancement, the Commissioner recommends TAI On
ssis not perns mont arranS'msnt but es t"inpo-
sary eIpedient
Figures from various authorities supported ~ SD
extended argument the conclusion Of which Is that the
amount OF sales OF merchandise and products III year
~in he about eleven thousand mioas-sl O0 ooo 600
On which Of one haf 81 one per cent VIII pToouce
This tax Of one hsN a one per can, on sales OF
shandise produce, and other articles o. Ihc exeey'
Issl estate stocks securities for money. coin and bal
hon slready provided iT 10 go into operation III time
- embrace the transactions OF JaDuay DeIt and 70
continue for year. win supply within the curren'
6scal year the greater part oI what VII be- needed 10
make up the total Weld OF excise 10 the $500 ne
CURED and will within the Gale dsr under condi
Sons OF trade and baxneso ordinarily favorable podnc<
1he whole balance and surplus sufficient 10 secure ths
Treasury against the recurvnco al the end Of TIE bssa
Year Of 1866 OF deficit similar 10 that u: which II Il
He then argues that this method Of supplying tn 30
1oency is preferable N direct tax or supplemented
income tax.
The Commissioner tSen states 81 lsng'h the datcul
tiss encountered II attempting % execute the ysOys
ions Of the Law which impose duties OF cgeIs; ant
concludes that change IN this pat OF the Law " I'm
p-ratiyelr demand and suggess THAI sn od esorer
scale be adopted.
de adds. however. that It appsalr e question Ne,
Lax the whole tobacco product IN the leu. By tAs
adoption OF such suds can b. more readily
guarded against than Row. and the snnoyaScss "
which tho manufacturer u necessarily subjected b,
anv efficient scheme of assessment ald collection viii
Ae obvated- A light duty this Leaf soooN paDIed
by al rdl0ra duty rs68ced beo. tc present r1ies.
temptation 70 sybsion wosd fsciIts'e collection.
Either movement would b. AZ improvement upon lis
Present law. The COMMISSIONER ado Iha1 uere IA =
general concurrence Of opinion among collectors and
assesors IN these views.
II l. shown that toe effect OF the mineral oo.,s
has been 80 encourage tn importation ol oosi from
Move Scotia ence under the rss1p,ooty treaty II
free Of dp'y The Commissions suggests Hat II
sse tariff on GOAL VIA sds 20 sp4y 20 coal imported
0ou the British prov ucoa as would on recislon W
the treaty. secu tie market ~ oI own pgi1cer1 aai
add 10 tie revenue VI tho iiovernnisut
Numeroas fsets and Arguments are sGduCei t0 saoT
that large snoGrt OF Indian cora shippd 70 Cen
sds free of dcty VI course md; the r,psocity treaty
tv distilled ard then seut back IN tAe form o. spirits
Also that tobacco IN the leaf IS tbns uent there,
t,en sdds thai L.on .; the frosty would probably
D. quickly solcw" ~ ~ import t1iy On the n,osoco
nd CON DOW entering frse .he eject u which woaid
be 10 check ilii border tTGc and ~ She Govern
neht sevor al thousands ~ dollars
The Commissioner s,saS Tat ths asslJ lag o. goid
AID silver sAoa!d be- doae at GoveSnIneni oSo,s by
officers eppe.Dsod Lor that purpose To this ead tbs
license fee may - raised 40 bth C,s. ss,ay,ig
private acconai woald bco0iDs Lnpossbse. Tia Gov.
eminent might pCr'hsse Che bri.oa al discount
Sufficient 70 constitute REASONABLE tax t,sus sach
arrangement wsuIt sccpre the miner fair pf;es fos
his bullion. and IeStaIS chesA is ifapoftaxies.
n. sngyr.,s o tai Of cvo oven three osnu t-,s
Gallon crIs pstIcsexni oa and th!nx' thai tho I'm
pos.tion Of sncf tos s1tb tbc roduct;on q TIA
on refined petrol from txrnty cobts per CALM
fourteen or nA,n o>ats, woCh yis.d Larger revenue
than is now ss,rd ard also Be " leic!s 20 small az
fllers.
tie stsies OF les,gta t's difboa;ies In TIE way OF
SeaeirE the party 10 b. taLd sot the rsnUEfoye u
boks and ssys oAsnge n tbs psrt o. the la~ 10
uocs~eity.
lie carefully aiscs.s the question Of taxing railroad
,on. slowing that ths s-S ending Juns 1874 tie