Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1866-05-08

- o. Aencollere q jDQuiD ~ (noNDo.I
: lsfsl
II. Boyer introd1ood ~ following me-
anbls and resolusloo:
WasnBAs. The Joint Commiltse Of Tineen
on nsco.ssfecssce S1PoSf On y Yltitp,
rs I !: IS; =
Of the country. which b - much g oueht
ordinarily 70 be demanded Of any Comnilsee;
Es'slasa, THAT issid ajoaini's Commute. B.
Mr.. Broomal moved to lay the resolution
u e e ks|s r2aia fj3AiaIk7I6
81 inc ON. He said In Fevising our national
revenue laws the question that meets u q
the threshhold 10 how much revenue have
we tQSlONoohA93 maD0 tuoue SlG9ssi
ties require for smother year. The las,
question has been specially answered BY The
S090rl0M ~ TWoGuk bnnob0No &oS
35O.OOO,0OO, provided the appropriations Of
Congress do not exceed the estimates q the
sum 1t would be safe to rely upon including
the revenue from tariff as well a. Internal
taxes. In making an estimate of the probs
ole receipts from the latter We have % q
oasis one full year and three fourths of thu
present yearCyf1xReJienN cd the date Is
sufficiently complete 10 be Of value. Our
receipts for 1915 were in round numbers
t214QV4OQ0. end .Shesrenros Abua ~. q
1856 snow That " may xbett TOT ne year
An increase Of 90 per cent. or not less than
from $500 70 t305, Q00, 900. -.
.o o9 y6|sa&es'sss a (s22sl9 gsl' Ss
the war was the Government, but it is 90 no
ioneer. WeT prices NO longer rule end Il \
ev1tAble that manufactures must be still fur.
Their reduced In value until We reach the
sSl,d it lss.n6s & scld e rycoguti9edl y .ht
therefore must be Tor less productions for
the year ending June Both, 1867, than here
.oforc. rs It will be computed At less pc,
centage. If one bill should be adopted ano
N a, far less aggregate amount. thea ~ n
ssABssl sae iR's 3sASnnDf f1lllng ttl6ltsill III
Is not gains but Losses which must be cAlcu
lated at the end of the year; therefore taX
IN incomes and the dividends from bank.
and other corporations fqs The neFts year
.ann6t Be exfected 10 4yis1d lAyth4ng Hkt
he amount derived from these sources for
the years ending December, 1886, nor Car
I6feigh lmpof46tf6nS be maintained upon
theie present scale. II 10 very strange they
should be, as they are, supplanting large
share Of the labor Of our own people, and
because payment will presently he made il.
Government bonds financial disaster as well
As increased depression to our industrial in.
terests cannot fail to know such an influenc,
Of 6feiens eo0ds-as sweI,eve Witnessed tile
present season thaA trade must In sBWo De
gree be postponed until We recover from III.
exhaustion 1avsSd BY thq war until capite'
And iab0f 04n Adjust Itself ~ the Dew comb
lions of peace or until we have something I,
exchange for Bri,ialS, lvel1ch and German
iron, wine and haberdashery besides oui
National credit. ~ Il y right hevever - lnnA
Tor some Increase II revenue b CoAAeqdents
pf the close of the war and we may expec
something from the States lotely in rebellion
tsJA,.ys nuulr5s.s Never Jushfsli il tsnabit
sesouftes tMey have less now than ever: we
obtain outside of commerce. enough to coyel
the bills passed in one or the other HOus.
TOR extra expense. 1t will equal my expec
t,ijOna taking ~ Ahese things IN cosei6ets
ton as well as others not necessary TO men
ion. .AtG.4t
The Committee on Ways and Means hav.
telt willing 10 report tns ball as \ stand,
which will REFUGE TAXATION the present yea
sb0ut $75,O0O,OOO in round numbers. II
llso prudent to anticipate large deminu
ion from Customs as it ought not long T.
&c expected to continue III (Ovhle The
ltn3unt II obtained In the most pf6spefcu;$
time
Our receipts from Miscellaneous sources
.he coming year will be very light as the,
lave recently accrued mainly iIom propet
y disposel Of at tile closs y the war, AM.
premiums on sales Of gold sources alrcad,
iearly extinct We seek to make SOM
compensation for these losses by mcasurin;
the tax on raw cotton cents, or by raising
i from to cents per pOnad. lS1pposn.
hat 100000 OF bales should be raised TIN.
eason and be taxed antlI think the amour
will be considerable greater, notwiihstand
ng the actual amount OF good seed and tn
changed System Of labor, NE ought " ob.
tain a revenue.
What we consume conld b4exported in:
Manufactured shape or reach in particu
arly manufactured state, except exclusivel,
n new state II would be result worthy
"a statesman covering our country will
blessings and wronging mn man, and woul,
10 much towards cxlinguishidg resentment
md restoring kindly feelings Throughout
The land. - ~ s'Ezs : SnA - 10 80 Sac.
The Southern Coast and the Banks Of tn.
Rio Grand, the Mississippi. the Mobile tn.
Tennessee and the Savannah rivers wou,
seem to be decorated and enliyencd BY fac
ores, giving employ lnent u thsusarNis an,
'fing the culture and contenttmcnt, the So
al life and comfort N lsysksAnatized indus
ry, rs in countries where industry has worr
he badge 0f honor. re-.
The swing o. fSeishtase ani cost oftfue
sll secure NJ least hapdsOln. profits to thos.
who may engage in The business with pros
pcfiiy.
nas sH ~sr n. make III Si ssssis:
Ind we will make them our iricnts
With freedom for all, usd with sucl
Inducements as may induce them Il
work is the policy of the. National
even though ne cotton rroY
tDe present season should b. but q half OF
The standard crop the price win be SO great
hat the South will realize more money from |
: shan In any other year Of our previous
history. - 80 a'NA1n
Mr.. Morrill continued his remarks al |
6ngth. .,... II. 81. ~ 49,.