The sun. [volume] (New York [N.Y.]) 1833-1916, 1865-03-07

CoNGHyss appears 20 have acted wiser than % |
talked. This may be = negatvo virtue, but It Is |
yus that has nevertheless, some positive RECON- |
Iucndatons When recall ME si-lrI rcsplu- |
tion put forth IN sn scriousneiq by NJ. Tnlp. |
srEvRSs, tho Republican loader ~ the House 20 |
- gold sales ten per cent and impose license
duty Of two thousand dollars upon brokert we
appreciate the f3r1earsuce ard moderation that
spared US the repetition Of the olums.est blundcrs
of tho first French Revolution. In view there
fore, OF the possibility and even probability, Of the
most perniciou- kind Of legislation We can review
abe ~,ts passed, much In tho Same l,hLa. the own
az Of cocksry store, in which a Wild huu hal
no, inflicted all the damage tat WAS possible,
would regard his merchandise H. would forget to
coun, up the broken piece, u crocsery, IN the
Joy Of finding Il is, few choice src rimcus of china
~Sre unaccountsh'y spared In tAc same way We
A,e compensated f1r many doubtful AMI crude
specimens Il legislation by finding that great
aud VITA principles nave been 'ch untouched Il
~ easy, and withal 81 natural for Congress to
yield " the temptation OF Increasing the currency,
ahat We can besr with little mor- patience the
Inconvenience AMI os, n the lrgal-tonisr clause,
md the terrible hlunaers Of It's taxation The a-ts
VI Congress may be clsssiacd under four head,
Financial, MnitNry, Cou,rAbAud sud Private. In
reality, most Of tho Lex auou, Ike the debste,
has either direct o. indirect reference 10 coored
people. Under the heAi Of du.ncial, W. lind a
large increase IA new loan. authorized, smoun,-
Ing 10 an aggregate u neatly thousand millions
of dollars anil increase IN tAr.n and
revenue duties Many articles that formerly bore
/. hight burden, or that were not taxed a, all, now
carry feayy impost King Petroleum is badly
scratched Tho crude utico is taxed a dollar a
barrel, aud the refined twenty cents gallon. Sc
ssrs are taxed $ cent each, or teu dollars thous.
and. without regard L. quality THIS is an i'm
provement the ltto plan. But eth greater
improvement would be NO collection -
Ihe Mi from the consumer instead Of
slv producer on Sc sale of the
srtcs Railroad Companies arc authorized
- collect su additional fare OF oae cent upon each
passenger to cover the Government tax. Saving,
banks and state bank circulation are TO be taxed
ten per cent. after July, 1896. This with view
.: diycfng the savings Of the people and the cur
rency into Government channels A tai Of one.
tenth o. one per cent. ia imposoiup"n all gold sales,
.ud brokers are required TO tako out dny dollar
licenses Az persona " lawful age are req aired to
report ucpmcs Those whose income exceeds si1
hundred dollars year sul does not exceed 1--WE
thg4sand dol'arspay aye Per cent, Oh the excess OF
sI hundred de'.l's; aud N per ccaL whoa the
Income exceeds Eve thousand dollars. Iucorues
from United States secururs arc 20 10 free frou
l.xation. Dividends are taxed generally i've pei
cent, aud manufactured articles SIX per cent. UPON
AN average. In tine, everything aud every one IL
Is4ed from the cradle 30 tho grave.
The Tariff bill has also boon extensively mod.
lnd, aud duties increased to Su average OF nearly
Gwenty per cent, and in some cases TO more thar
two hundred per cent AS the Increased tariff h0
Slresdy produced tho effect OF checking importa
aons and consumption, tits hard to see how high
Or duties can increase the revenue, The great ey!
and Inconvenience, OF the present entire tax system
iiA thai our whole producing interests are unnte' :
sAruy and uSelessly burdoned, and the very source
ofindus;ry and wealth dried up. MAnufac
surers and producers are rec uircd 10 advance tn
AZ Tor the consumer, and the cost OF q
articles Is thus increased beyond all duo pro
,ortion with the amour, OF revenue derived
lie not expected that the Internal Revenue Bill
1hich strikes at every interest," and needessly
,eTeasss Ihs coB " ~ 'artIsls a IsAa wa W