New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-12-15
WAX TAXEH,

ton5ely IOdthc fTGQgitag Wac. hHVtou III
yolyed in wsg should always fight as though it
fully intended and expected 10 fight Its way to
peace within the Year ensuing. To settle down
into war as natural permanent cOndiiion--to
wage a lazy, shiitles5 warts at once Disgrace
fui and pcrilous. A nation at war is largely At
the mercy Of jealous rivals. who venture on in.
suits and encrOachments which they would
shrink from IN tine Of pescc. A war should
always be waged s5 coDHagration ID rsSted,
End nation which has ceased to fight IN earn
est should cease TO fight at oil.
The annual product of tdo industry Of tho
loysl States cannot 10 worth less than Three
Thoussnd Millions Of Dollars. The cost OF
maintaining our Government and prosecuting
with vigor the war for the Union is about one
third Of this emoUnt. We arc paying In various
WAYS, about holf ,his large sum. and running in
deb, for the bulance. If We paid oil. it would
require third OF the gross product OF Our in-
dustry to car.y Oh Ito war through 1865
without contracting one dollar OF additional
debt. Have we no. the requisite forecast and
public spirit 10 prosecute To var foe the next
year OH the basis Of paving as we go'
We cherish no hydrophobic hcrrcr of Pubic
Debt. We can even ndmi. that certain Incl
dental advantages result from its existence. Bu,
We realize al%o that q Public Debt may be
swcllcd improyidently, too rapidly and to M ex-
orbitant amount And We hold that people 30
entirely enyironed as we are should. TO the OK
tent Of their ability, pay as they 90.
Honce we urge upon Congress the bcidcst,
promptest, most decisive action with regard "a
the National Finances. II We must fight another
year for o true, honorable. bcnefcent Poace lot
us fight fast fight hard, and fight, 30 far "a may
be-, OIL oar aooruing resources. Borrowing forty
to fifty cents and agreeing 10 pay dollar is 10
podigal, 80 thriftlcsS. 40 desperate o shit, that
we would reduce it 10 the lowest practicable
Dimensions
Yet, wbcncyo, VT happen to speak Of eddi-
tional taxet, We are sure 10 invoke q shower OF
remonstrances. Everybody seems 10 deprcate
at any rate any increase Of taxation that is
likely to fall on him. We lately observed that
all Income Tsx Of twcnty.ive per cent, with a
sound currency, would impose 10 additional
burden On the great body ot those who live on
fixed incomes, sucb as salaries, rents dividends
interest, &c. We soy again that, il I'll these
importont classes were required 10 pay an In.
come Tex Of twenty-five per cent next May,
and were thereby enabled to receive their in
comes in something nearly at par With specie
say greerbacks worth 10 to ~ cents on The dol
lar--they would actually have larger ret in
comes. after paying that heavy tax, than they
now have They would have fewer doilors 10
spend or jnvet than at presents but tioro dol
lars would buy more Of almoat cTorything than
do tho larger number now Of their disposal.
Can this need demonstgationi
40, you " ant to support Tho Government by
taxes on Incomes. do your" queries an indig.
nant clerk, ond fills thcrcupon into unseemly
frctting and irothiDg. Why, 10, sir, we have
no partially for an Income Tax, aud no desire
that money should be raised in that particular
way. We hare iabored 10 show, not that On
Income Tex is preferable, but that capitalists
and receivers OF fixed salaries might better pay
a high IDeome Tax and secuye thereby sound
Currency then 70 stumble or with TIC Currency
down at The heel % at present.
Nearly all the grumblers insist that he JJana-
ers are shamefully favored by our present MOODS
OF ,sxa,ion-;hat they arc rolling in wealth &C.
Quired by selling but;eret fifty and pork att twenty
cents per pound, that they evade the payment
Of Income Tax, &C., &c. Ii farmers fall topay
Income Tax with tho rest OF u, either the
law or is Interpretation should be so altered as
TO reach them. We condemn I'LL partially aud
fsyoritism. Int IL should be borne in mind,
first, that hitherto the chief burden Of taxation,
especially for state end Municipal purposes, hes
been borne By Roal Estate, end that nearly
all but Federal taxation still fastens upon
houses and farms. In past years, farmer
whose total income wss scanty two thou.
sand dollars year paid more taxes an
nually than many trader whose profits ex.
ceeded i've thousand dollars. Our clerks and
other talared men, who now complain Of e1-
eessive taxation, paid very little for tho support
Of Government, in former years Of pesec-not
one dollar where farmers Of equal incomes paid
five. II IL but fair to consider this. Then it
should be noted that very few Of these grum.
blers are anxious 10 betsis themselves to this
vocation they pronounce 40 favored end petted.
IF q sIerkship falls vacant, hundreds eagerly