The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-01-30


Incomes ................... 40 600 600
Salaries. ..................... 1900 900
banks. -.....-................ IoVouV0o
Ssnmps... .................... z0WUvu
Sro1s roceip's.. svUWv
Saws. ...' ............ SVWWw
Legacies and SUGGESTIONS. 100000
Miscellaneous receipts, 1896 81. .... 10000
Aggregate. sao7 ooo, 900
GRrAr SOURCES or WEALTH
Adding TO the above the amount received In tho
fiscal year 1885, from tho various direct and indirect
taxes industry which excepting the amounts derived
from the excise spirits beer tobacco cotton, pctro
lcu and stores the commission estimate At about
sixyeight millions .of dollars, we have AZ the gross
revenue possible to be derived from all sources under
the present rates. with the amendments above proposed
900. 00Ol
The estimates OF tho Secretary or the Treasury for the
expenditures Of the scal year ending Juno 3o 1857 In
GLIDING interest the public debit as already stated
two hundred and eighty mill ons OF dollars Ahow-
ing the annual expenditures 10 be increased sixteen mil
lions OF dollars above these estimates thinking aggre
gate OF three hundred millions Of doars and setting
aside fifty millions additional for tho reduction OF the
principal Of the public debt asurpus viii remain las-
Stunning the correctness OF tho estimates OF tho Commits
mIsson) applicable for the reduction OF TAXATION OF
cighty-ave millions OF dollars t$5s, 900 000l
less In tho aggregate than what tho Commission believe
will actually be realized, without some unlookcd-for
interruption Of the Trade and industry OF the conntry
and the results of their continued Investigations and
enlarged experience dccpcns their convictions that the
capacity Of oil the great Of revenue have been
under rather than estimated
II the opinion Of IN late Commissioner Of Inter
nal Reyenur, founded upon MS large expernc that u
the excise law II stand1 ware ihoro ehy and exactly
enforced. te from NC excise alone would equal
exceed rive hundred millions Of doar $500 600 900
per annnm and Ia this opinion the conlmission IRON
their obscsNni i0n fully concur II need there.
for,, matter of surprise that with increased
clciency and cspcnenccfon the part OF !lic revenue
oicefa ihs average monthly add quarterly receipts ~
internal nl4o continue progressively % iperca9e
Accepting thcn ihe results indicated M substantially
correct Tbs tosbiy OF adopting md carrying out the
r.yenae policy adyocaled ~ the Commission viz,of
concentrating ,e sources ri revenue. and ~ relieving
odagiry Of aiitbvf burdens wh'ch tend TO check ~
development ~ p . losirnicd
Such system witch. IN contrast with tho present
''iiinsed sssieri. may b. termed tie pconore'e,-
Ia 10 III apn.ra OF tho CommaGion, tho only
aipptea ~ iic and 10 r1Ddiiton-thc
only enc comns.isio witt, 9rent nl'il results aud with
that large fcefom 20 ndusry nnd 'l,cn silnn whieh
atone cser aduqaatsy apply MS concis OF an enter
prsng comp.liiise. end frco people.
Concentrated iHyct can b. casly 'herfv gDd srrcly
collected. ant tssrbnle themselves with rasiyiug
equality for "a ~ 10 DO remembered tina, taS on one %
out lhe voxaans 20 ipGht oaipnl application " The oil
operators ana thni we'll inieltgently runk IN Tho
riaht spot vii, drain The whole basin better than many
With iess -spcns- md no a,aranoe the surround.
inz county. In hike must draw cur revenue
from few sonrcea and avoid the error OF many and "se
Again the productvene.- of a iax-hke, Tor example
the tax on indnaryis not It's hrt consideration 1hs
thec hundred millions OF annually required 10
rational expenditure and Interest " very asss
amount TO take from the resources Of the nation:
but IN nothing serious comparison 70 tho btighf
4 which may result from The manner OF taking TIA
hight which ruins tho harvest Il cannot gather Free
,ioa freedom from nssAisss ctscisl nsulssiaas ana
Intru.ions; freedom fron ths hourly provocsicu d
each individual In the nation 10 concesuicDts cvasos
ani falsehoods; freedom for industry, circulation eon-
pc'lon, everywhere give tho nation these condition.
and " will give w return flowing revenue. Deprive
tho people Of fecdo In Industry, and there viii b. dIs
appointing revenues, discomfort, embarrassment and
Generalization every ~here--cheerfulneSs aud prorery
II may however be urged n opposition 10 the plan Of
INC Commission iof rs'svn nsnaiassanns na, hsr
recently arcTusd 10 manufacturers n good reason fvr
Continuing 70 impose upon tim al lsas som" conslde.
thai the present and recent condition % snrs IL on
trciy abnormal. end cannot continue for any great
length " Time and that foe every css cited az an ius
raion OF excessive PROFITS real rel by perscns cnrpo
aiions engaged In manufacturing there is eaud or
greater number 10 which pront whatever hss been
realized and furthermore. that the profits IN the hrs.
instance are cute as likely 70 have .osrued irom s,pe-
| from any acinai sds antages Of the busnes~
II Ia error moreover. 10 assume that
ssnssnsi Arrs ., small are away, pf.ases y
they Do no, yed large profits more Than Three years
cu' Q; ton and they ssrcey ever escape two year ~
variety 81 causos snrh the fall of prc~s dsastcr 70
machinery. the bankruptcy az cas'on~rn. CONNER al
ton o. 5emsnd Fbsiaaflon sf price. ,se ban. 81
domestic ndustry for though urea, rae Yields al times
no svs1y slsine- ana osase. men far years % fssd
OF is very vergs Of insolvency Not ie~ iisn fhri ~
s s sn sasss - .s s ss. =" 90. s ~ sss s
inacns Of tregn sfais srs Utterly rusned b-f.'' '-y
item 60 rnAnntsip themselves under ~ osusngssces
| Men who are psysuF from $500 q so 80 sn1rsl
lire. sas,s s,,n-ion - sny hssey 10. vim ssh
burden NJ TAR vii lDrviishiy 'rwh her sd y ne
sane ,inse rredrce dini'nntlon q fcyei,ar
iAxNiiop ths prusinet ~ ndDtry HArdt ~ -
Iabla TO fan eqnay TIE ioes'f ~ The g.rrfr
| trrsFs upou be pfonta Macy lugfsue"s ~ u' ior
er chsractcr have ben sisd g. The toufussi4t, n
some of which the ensct n ihe tx cfniLg cfBi1fiY
with ioszes has ben ie eo"'ei diseoninrsres o Ws
Bat notwithstanding so asrngssr,'ess .n'.h ne
S,s",..ss ss', ~, ,-s ss, sss,, y so,s~ .ss
at view, of pmepsrg ~ rsrrBne sysi y u ~
Unhes ssaies rslere piu.ify I'D sirflIy q ~
shsi On su,. AID r,.,es chs.r, - arnsd,'siy uile
In 20 FFsssnl cobdllseu q hf oarency. 'ad q us
mt vhch 90 y. rnre De ss " " - Nr.s sist
rrotlernsi,esi ana & nsils V D. sreefa ~ eaasaa ih
the NOS, sss.eigv' ssnhsl ~ W, u o., ma, ,hs
ssrtsm propoeel 81 ttem .hOii D. aStaed silrsnhai-
y v ,bs rsyspee policy q ne s'sy ia %. isia'.
The thsnxc from he "a ~ o. DfA ~ .ifm hesd -
mode rrafraily and Cuiy 30 a "a ftp-f"hAe 800 e
nsed eranlnafios Of ~ sahisei ~ isAotliiaia that
..r,1,r rr4s.sis - TO- rAsfs L,s EkrornaspfD
| The tr,rent oonfubn ~ The Teyeass. hgNeiri. Ehf.
5snt ,h. - sissss. !. ma. y aas
sfrsef a. tis rmfsrncsnsni ~ ~ hru o. A. YeM ~
iscs o. soaurr " 10 o. lsssen'ai q c"asfssA q
y rees q sceiios 100 n Ne nastasi 40 q
Nsrh 1876 trsnstaiy iHgvs - sshsas.. ~ rntn =
l
| Hard tahifn'' ekrry'fd. -
Tta farse imryt'f rnfef ths @ftnn tni MielA,s-
49, an " A. nts cAuiasss vatrbsH pisnos T&fe nchts
Ar sifhoosh Va Ainly atir4N ~ lufefts arr w.
aufafsrnI IA er cafactfr, ssf are prcdacise o npf'
soroy ace n t.s p<ople sd - Ioube add ss'eufe
tbe government tikE ccnnenfufshs rtfh Hny fefer'
J | ~rtssbe from thsm
| rirsd fryn I'D siais su.onhfed eNiy n fi4e ~
4 frou rlnMefoftss TsGf Va frgn wsbh~e, o. L. ~
irss ys1s., " eet =, saa fIssa s'it.sa ..b..
| NTsH The smswnt w shseh shey wiH " -
sre.i "a eerssaOerts 81 ssp~si a Ne,sa los, ~
tan "a hDAss fsssa snfspa~d-sAkins a w. ~
fss e~ rsgAfsa
e~rsf Anyssi of AZ thnt part " aefien "a y W
smrGs4 Al ~ useh y isss, rhich pro. dfs ~ ~ =.