, 1866-02-03


FORE be no matter Of surprise that With an increased
efficiency sad experience On the part OF the fevenua
officers, the average monthly and quarterly receipts
os Internal Revenue also continue progressively to
Accepting. then, the results Indicated substan-
at4lsJ correct the possibility Of adopting and cary-
lstioD VIZ: ol concentrating the sources OF reve-
nue. and OF relieving industry OF all those burdens
:n. Which tend'o check ita development, Is demon-
Such s5steun-which, In contrast with the pre-
gent aianAed - sy.tena. may be termed The ICON
s.pa % hs 70 our 1ae
the only lone compatible with great dsca fesults,
and With That large freedom TO- industry md ciscu-
Golfers Of m entezprsmg. competitive md fsee
people.
Industry from taxation, that the enormous prndfs
which bave recently accrued to manufacturers, Is
good reason for continuing to tmpoee upon them.
1t least, some considerable ,taxatlon. it should,
however. be borne in mind. that the pEe*ent and
recent condition Of ndatrs is eulnely Abnormal and
cannot continue for any great length OF time; and
rive profits realized By persons Of corporations en-
Gagged in manufacturing there equal or greater
number. in which no profit whatever has been real
ixed. ..........
1t is IN error, however. 10 assume that ruanutac.
turing establishments, lsrge Or small, aru always
profitable. Il csn. undoub!ed!y Be shown. th.t II
more than three years Of ten md they scarcely
ever escape two fears Of heavy losses in every ten
years. These los.es a!1se tom variety Of eausea-
the taua uptcy Of customers cnumescia1 eevulsi9ns
attended with etappaGe Of business And cessation
Of demsnd- tloe1natlon Q! ps:ess is ne pane Of
domeat1c industry Tor thoush Rreat rse Yields a.
times IN nor1ons ptohtt eafr1es rear and peril
OTIS ehAnge INTO exeE3 oostness aa9 causes men tot
yeaEa to stand On he Fesy yerge OF tnsolseacy Not
on Q! any cGmmot ~ su9!eci % eoEpeutlon nom
aofoad anu lne specai nnStaa1lons q !o.slsn ttau
ale nin9 % 'uss San .an sa.t " toas
thsm.eixes I unaer al, cunnnreuries. ''''-@-''-A
hkFnA. of a.H. - Ast'ss.Spsu. ~. ~ t
The Conmss,op recommend that the cnanSe he
made slS1 s and for hf bp1 present. I'D I'D e Ssn
changes:
l. 4 repeal Of eeedon 100 Of the amended act Of
.seS q e!s q and
uupn --bil1ard tables" excepted
= 4 repeal Of ali that pars Of section q Of tho
The and collection Of taxes % repairs or
epctnear cas-, carriages, ships, &c.
8. repeal t.nbleet 10 crrtal7 cxceptions) OF an
meni md collection Of taxes upon wearing appareI
Alrpeai Of The excise duty Of 10 per ion levied
nfr TN g xied On minsra coat: and Of ths dnt1 Of
81 Der w barrel on crude petroleum. o. ~ ~''
& 4 reueal of al e1eise Ia1es on printed books,
lar tn.Tinten nanhifcations.
rcisr1sa 10 md reeommended, the CoinnaisoIon
wnuln hnrther recommend that on and nIter The lat
dsy Of juiy. 1866. he ta1e* LEVIED and paid upon
al goods. wares and merchandise, enumerated IN
section v or The amended act Of March 8, 1855. be
reduced 50 pet eentaua and that no allowance or
deduclIun. whatever, in the paymept Of the same,
for freight, commissions, and Other expenses Of
tho revenue om these repeas Is estimated at about
S15, ,t1N, ,t00- ...-.-.....
REDUCTION or TIE ftRI1c pEbf.
In their estimates Of revenue and expenditure, It
Will b. eeeu that tho Commission have assumed
0O eco 4s the sum that may be aet aside auun-
ay. for The redemption Ut the principal OF the puo-
lic debt, They, however do not wish II to be un-
derrtooa that they are in faTor Of The withdrawal of
any epch amount. at pfe.enf+ aon the annual reva-
nues or the n4tsnn. rtr ;ueh pu1poaa On TIC con-
t!aty tbey believe tha u Is ioE re interest Of The
GovetnHent tnat TAXATION shonla oe fedoced A. the
c~s:iest pots'nle muMeut to ~ 1ssau's1. tne!rey
ss sss H., 20 ~ s1 ,hon
1netion ol the principal OF he pabaic debt.
Ias oaf9en o. d tataton ~ T. 9ow anaoao.edly, at
~ nv III H. nsrea. on iocs % r.
lures IL, probably, severely felt than a7ea ths
bu,uep u raltotal taxatlau inasmueh a thc ees.
sourte Of revenue excep, the aiug1t one OF rei e
tate which hnd been before hui1eued with hr.re
expenditures for schools. reads. and other ustt<Is
with which the local governments stand charged ,
Gases can be cited Ia which taxation upon reai
estate eyen ne" tas bot little shoEt q eond.cs.icn
III sly srapse1sa Ike denshds sor he .eSs1i IL siasss.
Of taxee absorb nearly the whole receipts dedytd
to1u t-;ae bgzdeu il every case becoming ynore
ana more seyere u1h every step tn tie dirctfcn Of
sun,peation IN he gold yaue Of The curserSy. IN
wblch the taxes must be paid Justice and Wise
nofcT. fhareforr. would seem to aenand thrl the
nnstiGuai Goycrumeut should not now adort snT
measuTes calculated to maiuta1n OF Iucrease these
hnr3sns: but on the contrary shou3d do ali "a Jts
power to dlmjrlsh them.
he coMmtaelop urpe new Rec.pEocIty Treatx
| with Canada, tntimatlnE fhat The Eana1inns wiif
[mpose such dates as TO do away with em1l1rliup
| rurrrw yopT r,+srox uoIsr
.d. ~ ~. 80. G...ss T.
| As 5eatas ~ h;. tsGM LIZ . ~ Sust1I an9se.
=, H. 'sa anen apo1n t"oasaa o. thse1
ptaa ~ HI ,t, t,,
Pai nmu,-. ~; rIirr 49, rr .is ESa sasGa
tss7aen,. nresnteI n fhem ~ ftro H. s,s
e,ir,trd by ihe Comuittee On Fnniic ESnsniI,s u q
~ ~ tssn sssth 1,nnw 81 Sess Raro-t w q MaE
,s9 ,hsy is1 % sstisasa ti,o, a n ~ y
n he n1anner Of doing busffcaa In Iii ,ns4 e .at
| .ras neTrT rnnrs nrrrent than AL nyeserf .nt1'
| vi ~ - The nfi]cerk emninrefi n Inc Sewyn<
tom House. II Is believed t1a. maia,it1 ~
hayn no tpecal oualtnclIous to- fhslr Dir 90 1v :,
charrs their dsit,es; while ,he estipate snsy
n the Con.rnisslon Of the annual iosseAa- .s
hy he Government, through tho frapdh apat
r. cpnnec4,on with ihie inssitutlou sangs frnm st