The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-14
The Report.

Congress to day by the Secretary d the Treasury.
The Report.
TREASURY DEPARTMENT.
OFFICE or TIE UxuED STATES REVENUE COMMISSION
February 4, 1865
Hon HuaH McCULLOcH, Secretary Of the treasury
SR--The burden OF heavy taxation be ng new to tho
people Of tho United States they have much TO learn
both to the art Of carrying and the mode OF adjusting
It, II could not be expected that complete
would be attained at once in a matter OF much
pl cation and such varied aspect and bearing In
respect, however the success has been ampe-the
amount levied and collected has been large enough to
commence auspciously financial career II re-
mains 10 establish system Of taxation and finance
which, while II sustans the power and credit OF the
nation, will little possible obstruci the progress
and success Of national industry and little possible
prevent that industry from taking the deep root
sary 10 n strong and full growth
Something more than mere hard work Is ncedful 10
give TO industry the power 10 endure taxation; 1t IL
needfu not only that labor should DO but
that It's products should be- remuneratvc People may
work hard and long and have little to for taxes
II Is needful In other words that labor should not only
be productive OF great results and abundant commodities,
but should be productive Of net income Of such
income only can taxes he paid for proraced period
To make industry productive and profitable, all the
labor Of country should be employed for those who
must be dead weight upon the community. II taxes
do not come from net income they ultimately crush
the industry upon which they are lowed
This union between capital and labor necessary TO the
largest profitable production. must be undsturbed and
must enjoy the full patronage Of the whole people to
tho highot result In any country well ordered
aud successful industry works itself into system each
part Of which becomes necessary 10 the other As tho
members OF the body arc each necessary TO the human
frame NO member can be removed or seriously Inn
paired without ssrious damage u the whole And no
such system formed In country u proof thai It's
industry not well balanced, and cannot be fully
effective. a
pfroxx4sv o. RsorrAR rs1cE TO UDrsfRy
system or sdusfry IN any country grows out OF tho
special wants Of Its paope and the special dire ~
u productive forces supply those wants The domestic
Interchange of people living under the laws speak
ing the same language. having the sane money OF &C
count the someeolns the same banking system consists
N mutually Exchanging cgmmoa,ties and ssryces the
artists and me various prof ssionh classes and finally
the omcen and employes OF we government. al ,nese
enchahse win each other their various productions
their skill science or other service Daily intercourse
ana necessy ce,spsn between 'neIn rate Of sauatoh
or price for commodties for time skl art and science
IN whcn cach oisss ana indvduai strives 70 secure que
justice w 'na, e result oi tbe whoIe oI tneir enoIs
- Una. general range OF bn.c wnen prevMs 70 any
country. Nothing IN ciVlized society engages men
attention more constantly notnng y more earnestly oO
seivsa ye' no'nlns nor. ns,os'ng man pIess ana
Few tmngs arc 20 t,e uhaers,ood Ihoussnos OF nnu-
encos' seen ana unseen, are constantly bearing upon
the anu te Unneh y. ~ re are 10 humeious ana
varied ,sa. .ney .sn.oa DC va s ca A.. ,.,
One Of the most influential OF these causes the iact
that 20 Tar as Of INDUSTRY are concerncd
the business OF d,s'Duon nas iaen INTO .ho hahas .,
disnet class tns meronan,s VINO Paienss. ana sen
The products Of INDUSTRY ana whose Interest 70 pur
chase S chesPy AZ they can and sell at the highest rate
they can Prices Of commodities are constantly ana
DISTURBANCES ana Changes come from every quarter a
ana asa I'M hs,,S 'ons ,nvs,,y
upon som, while e'hcr oaiss arc snauy pehen,ed no
boon eoald BE more grateful 70 productive industry 'han
regular and Tar pricea
me mott numerous ana ltnpor,ant slsss oI |oc.v
Win reference 70 ihs suoee. s na. OF thr lavosIs
pronunciation secured 70 tbem ae's'nlne. manly VIC
wnole nnge pfcee, erpe,,lAy 20 County, ~ JUL
vhcre laDorrrs nave ~ much poNeI '" wass
ana sest INC bcs, rsla employ inenA IN sone prvlyr
Won ~ tns gsnefh rate ol theH wss. 49, 49,.
sonal and other compensation are nNed Inete y mus
prforuon oc'ween prices tuhllss tn,opsn ~ VIC
usnsscuohs m hcommuniy go'eihe. cnleuy ny W y,
mnnefsuon OF laDof IDS oe~hss W eseIy .,'n W
lhuusuy pu,e .ey prVoueeFo CLASS hNs sP-e'ai N""."
'ersbcs 20 pe notsaL = -
yhosIh OF sAsvrAcIctss ~ VI y. ov,sis ~. -
oh aise NC Nv. ~ ,. ~. u.5 49,,
nso an 'npoIAno' my w e''' ~ w ,,
IeI-nt noNevsrl IN gsherh = lgu noe. - ~
moVsmenn inc .sphali spcen sAih 'enoo, w -
Guy LOT et"naNe business ana vac arg op-,suohs w
voived n VIC mooerh ecoh"ny W m.nu i
mss ~ E.ny aPs, oas, 20 ~ eni,',nss
~ ,,n , ~; ~ ~, ~ n ...,, 49,. ~, ~, ,,
.Do's,s eahr.yy. sno w 1h 80 80. ~
- ~ 10 e.son' w. - ~, $500, ~ ir. ,sD
~ - Ia ~. III 49, \. h.ns1, a. 81.
l ~. ~. 49,. ,t ~. ni.eas " " wv
P.ys' s s, u. ~, 10y 49, soSa,n. 20 a., an. a.,
..sa osas. a, ~ :, ~ ,,d &c., ~. $3.50
'u'ns ov.n,.y " s 49, ~, 49,. ~. -
,ot .nousn. on s"ouns - 49,, ~. 80. ls a. , '
.sIse enPo's'. y , - 80 ,nsh X l.a,
p sopor,Dn ~ W.. 49,. -. ~, -. .,.th.,
oonsa"e's " o''n"'~"e' '""'"s wv" "'s' ''"
menu menu. 100000. 49,. so.,,. A.. ,-..s,,..
vftst NJ NJ y WI ~ .lDl -. - W