New Orleans daily crescent., 1866-05-28
Especial to the New Orleans Crescent
LETTER FROM WASHINGTON.
WAsn1YaroN. NEar u. ISL

WAsHISoToN, May q, 1866.
SHERMAN AND FEssENDEN.
These two distinguished Senator arc considered
the Hercules pillars OF the radical party or, what
is nearly the same thing, they so consider them.
selves Sherman basks very lightly in the rays of
his brothers glory, and achieves a brilliant repu-
tation in the same way that Lord Thurlow of
whom it was said that mo man is so wise as his
ordship looks" attained similar renown. The
plan to be pursued is indicated in the foregoing
epigram. "Look very much wiser than you areh
and preserve an imposing silence. Sherman is
not by any means such cool head as he appears,
and on several occasions, during the session, he
has permitted his valor to get the better Of his dis
! cretion. But never before has the Senator from
Ohio allowed his ire to display itself towards the
members Of his own immediate party. But the en-
deavor to delay his favorite proiect-his pet
| seheme-the great loan bill-that is TO settle the
finances of the country, and enable US to pay off
the national debt, was too much even for the wise
Senator. His opponent, however, was badly chosen;
the Chairman of the Finance Committee has been
a testy knight in the Senatorial tournament. He
disapproVed of sherman's financial euthanasia. and
| an ex.secretary of the treasury and author of
the famous l04O bonds that now stand so well in
the market, should certainly be obeyed on his own
specially. Sherman would not act the trusty
squire-he would not follow Reverdy johnson on
questions of law, and could not think of moving in
Mr. Fessenden's train on questions of finance. Fes
sender had just recovered from fit Of illness and
was even more acrid than usual This able Sena
tor has been laborlng under curious hallueinaton
for some months he imagines that his existence
cannot be prolonged beyond his present term He
has suffered SO much under this mental oppression
that his strength as a debater has been materially
weakened 1t can be imagined that man in this
condition Of mind is not the peasantest opponent
to encounter on the floor Of the Senate, and MIR.
Sherman soon found that he and his loan bill must
go down before Fessenden and reconstruction
lhe anxiety of the "bearsn will be partially re
IleYed and 1910 bonds will again be depressed.
THE NEW INTERNAL REVENUE Law.
we are happily enabled to present your readers
with the earliest account Of the proposed changes
in our system Of taxation. By especial favor,
have obtained a copy Of the Forthcoming report
from member of the Committee on Ways and
Means. From this curious document transoribe
the following recommendations which will shortly
be submitted TO Congress:
Two dollars per dozen on constitutional amend
ments.
A diminution Of fifty per cent. on the whisky
tax.
shoddy and petroleum should be taxed out Of
existence
Politicians and soap of all descriptions, eight
dollars per ton.
Ten dollars, penal and preventive, on each pair
OF twins, Geometrieal increase Of the impost on
trlplets and so on, in proportion.
Three dollars on each I" COIL" and ten dollars |
on each and every " waterfall"
prohibitive duty on red pettieoats and pearl
powder.
Original secessionists should be taxed according
to sliding scale.
The committee does not think that any revenue
can be derived from the spirit Of '76.
The tax on domestic wool should be maintained,
with differential duty against the black tex
ture.
The committee fears that this provision may be
in contrayention of the color clause OF the ci7il
rights bill.
The minority of the committee proposes the fol
lowing changes in the present revenue laws;
That such scale Of duties be established as
will tan radicals into oblivion before the Zst of
January, 1867
The committee suggests that an increase in the
revenue from starch Of all kinds, yarnishes pig
iron and leather, would soon attain the desired I
oonsummaton.
A poll tax on picaninnies, and ninety per cent
income tax, as conscience money, on cotton,
agents.
1t is Thought that the principal revenue will be
obtained from the duties on shoddy petroleum
and national bank aristocrats. The remaining
income Of the government will be derived from
The small duty on pearl powder freedmen's
Incomes and constitutional amendments.