New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-03-10
work. DAIIY TRIBUNE 1s66TR1PE SHEET

experience of every business man and OF every
voter daily makes it moro apparent that for some tne
the payment Of private debts and the adjustment Oh
private losses will give them employment enough,
without calling for heavy taxes 10 pay OH large
amounts Of the National debt. What the country
needs is a reduction Of taxation to point where
the interest of the National debt will be collect
cd. the ordinary expenses Of the Government
provided for, and surplus secured "i'n
which 70 reduce the principal OF tho Na'iohai
debit II the taxes were thus reduced, tho busi'
ness Of the country would soon recover from
the derangement caused by the Rebellion, and Weld
revenue which would oblige Congress at very snort
intervals to reduce the taxes 80 as TO keep the re
cepts down TO the interest, the ordinary expenses,
and an annual surplus of s50,00O,OOo. Under the
spur of the Rebellion taxation in any form was cheer
fully met. but that state of public opinion mas
changed, and people when they pay ask the very
natural question: whether the taxes are all necessary
whether they are levied equitably, and honestly eA
pended All business halts until Congress acts upon
tho Loan and Revenue bills, and they cannot Dc
arranged too soon.
The Erie "corney" has lost most of ils interest
since the leading bears closed their accounts. Inc
annual report viii end the clique movement ehecS-
uallv. by showing that as an investment, every
thing below tho Preferred stock is OF doubtful
value. The company is understood to be SUI
debtor to Mr.. Drew TO the extent Of S9Oo,Oo ana
to have paid 1000 on account OF the HOOD In
March, 1855. Tho price of this stock, under the
operations Of its speculative director since January
/, 1865, has varied widely. On the LIST of January
the price was Sc, but under the statement that the
road had floating debt Of $3,624,256, broke to "A,
and has since rallied to 81 and receded to 81 March
9. 1906 When its present condition is set forth in
the Presidents report another violent change will
probably be shown in the price.
! In Freights, the ngagements 10 Liverpool are:
500 bales Cotton at sta 3D.; 1900 bush. Corn at
AID; and per steamer 600 bales Cotton at 3D.,
and 100 ties. Lard at 2js To Glasgow, per steamer,
| 600 bash. Corn at 80. To Bremen 100 bales Cot
ton. per steamer, at iie.; and TO Antwerp, IOOo
bush. Rye ut I'd.
! Tho Illinois Central Road earned in February:
! 1905 a52s s52 1896. .s5l2 O27 Dec. l6gi3
The land sales II the month are siO2, 7o3. and the
cash collected Ia February. t:!@3f9.
The Report of the Cleveland and Pittsburgh Kali
road Company for the year ending Dec. 81, 1865,
shows the following results:
Receipts from passengers ..............slo2 ? oeo
RcCei pts rom ffcE JOos
Recent. from Fort Wayne Company. l4rl
reccis,. r,,te MiseellaIieous sources ..... gT27
TotsI rcceipts .......................<2s "a 400
which have been disposed Of follows:
Paid operating expenses ~
Pad e0nsti nctoa aud equipment. stct9
pad interest '.................... 373 30
Paid gI,ilenls ACKNOWLEDGEMENTS. 2l2.729
Paid floating aebt. eS762
Paid Increase OF assets ................. l53 pa
rotl GA. 40