, 1866-01-30
FROM WASHINGTON,
Report Of the Commits.
sioners Of Internal
Revenue.
IMPORTANT NOTIFICATIONS
SUGGESTED.
Reduction Of theTaX On Whis-
key to One Dollar.
Fire Per Cent Tax on Cotton--.
Equalization Of the In
come Tax.
Exenp'ionoI Manufacturing Inter.
ests from Direct Taxation.
IMPORTANT CONGRESSIONAL
DEBATES. -
Proposed Rscommitment Of the
Constitutional Amendment.
SERIOUS RIOT III WILLIAMSON
COUNTY, ILL. .
Death Of Elipha]et Mott, D. D.
Acquittal Of the Late Rebel General
y. Mercer.
Seton Hall College, NJ, Burned
HEAVY F0RGER1Es ON BOSTON
BANKERS.
Death Of Elipha]et Mott, D. D.
Acqufttal Of the Late Rebel General
... ., $50. Mercer.
Seton Hall College, N.J., Burned
HEAVY F0RGERIES ON BOSTON
BANKERS.

HEAVY F0RGER1Es ON BOSTON
BANKERS.
Arrival Of Secretary Seward.
REPORT OF THE INTERNAL
REVENUE COMMISSION.
Important Recommendation
Change In the Income Tax-FlFe per
cent. on Cottun-ateductIOE Of Tax
on DihstaIcd Spirjts-E1emptlon Of the
Misunderstanding lntcrcAtH from Taxa
tion-The 1ucr<a~e Of Stuckx-E4ti-
matrd Receipts T,r alac FlAcal Tcar.
Nkw IoRk. Jan. a9.-inr Oilcia1 preliminary IT,
pon OF lhe fseyenue Commission is published.
up specifically for Investigation those sources 81
n.veaue which their own experience md t1e e1ps~
b moet productive under 'nza'1on and nost caps.
bic Of sustaining its burdens. The rrsui. OF rhezc
Investigations they nurpotc TO submit In The form
Of Independent special reports.
The Commission complain OF the imperfect md
incorrect statistics fntufehed them by the t;oycrn.
1neut Bureaus and the great difficulty experienced
normal and disturbed condition Of c5cry M
b5aneh ts.s b. Of nsde End :, tIppdnst1y sinee
lS6l 1hc frequent attentions OF The ai7f end The
thaugaratlun OF the internal rcSeEue system. Mapy
branches Of trde and industry have been curtafled
during this period from 80 10 Is Der cent Every
adsauce made in the tari1 and il the e1risc had
been anticipated by every class Of importers, deal
ers. manufacturers, and speealssogs, 70 tkss Gov
s.11ntnt hss NOT tested eingle one Of Its ]ectu-
mate EontceE Of seytnne.
The Commission eslmate that Oh ihe 1st Of July
1851 the dale wien The sdrancc IN The taI On dis
titled spirits or from sixty cents TO one do1lnr and
ii: sas ss
foFty mllllonf Of cnllons, quantity sufficient to
supply Tie Saats Of ,hs county aI le.sl year Ia
10 eighty millions were manufactured and
Atored IN The uty o{ Nec York alone, N
antidp:1in Of the tax. Ihe stock Of s?,cts i'm.
supply. while iu The csc ot the insignificant article
on wsen shs 20 s1r e
isx Was 20 la1rt th1t It has not even at the present
date tJanusry, 1s6S} been exhausted.
enue tteten of Great Biitatn and France, and he
te1 ccrtaGe yielded By zach item 10 the revenue
lhe Commtssiou strongly condemn cur per cent
Of it, Ercntetr imper1ect3on:. 4 system Of t4xa-
on 70 di6ase .s the present one necessarily en-
leads 10 undue enhancement Of prices. a decrease
10th Of production md consumption, md conse-
qaensly Of wealth. restriction Of expectations and
h,achInery md expense Of th= reveunc collection.
Il cannot tpeak to1 Etruucfs Of the injurious
,he see e nss u
The opinion o. the COMMITTEE fss gresse: than
thost u0i CanyetfaEt with the subject GENERALLY
innate We;r the prcc OF gold and OF The N.
t,opal C1rreEcg roadr al once to approximate 1u6
ihs m 70 n .
| tile their former level.
says In epee1 the evils arising from excessive
| duplication ot ta-eE under line internal Iese11s
| sEs1em. and from lack Of equalization between
Of the Carumlstlon <hou'd be so1eAt for ia such
reseion ot The present revenue fys'cm as will look
| 70 an entre exemption Of the Manufacturing In
tion, distilled ind feEnepted liquors. tobacco. and
potefbly few other at1lcles excepted Ihl4 the
eas ss2 r. r. q9sss'ss ss .Ss t. s.
made GRADUALLY and according 81 ~
res1cnee skttstee ~ On OF ,nx,fsyg fab'itty
.orms of iaxst,on adegua,e 70 produce 4 resenne
corresponding to thut r.iinquished. A. to The
measuTts and extent to which thst Eedaesien my
ne carried out ind At the same time insure to Gov
pot tny.: "As the of the present tar NJ
So1eea vaiae ot tRo.e importation. I Il to apon shich do.
tics are lested, the Comtnisston- afct making ~
due allowance tor possible reduction Of some DID,
t,e% and II ineaee Of The free lit think II tate to
| eeii1natr the Amount ol revenue derlfable IRON
custome, for the fera year 1885, to BE- at last one
hundred md thirty millions Of dollsrs."
filled fp1titt fe reduced to one dollar per gallon,
and that the exaslin:. rate Of TAXATION % fesxnenled
lanoFs be gestner ,nseaesd = nor dnnt.hed ;;rsas
come mode Of preventing 1and IN the collection oi
| taxe. On theee hruelcs.
The attention Of Int Commission has been esped-
ais e1yeo 10 the cotton product Of the United States
| u rource Of revenue. 4. the result Of their in.
| scstgatlon., the committee recommend tkat tax
iet, Iaa, aponstss @ % co,iou To- y thc psoduct of he
| United States, and that the same be collected
of the manufacture ut the place OF consumption,
and OF The merchant or factor q the port Of export.
upon a fort!4u shipments. In re- poet to tobacco,
tbs Commission ar una9lnaousl, o. TIC opinion
smrndmcnt Of Tic present lax. and uith The e1
hauton Of the stock tn the country made In auticl
patton Of The ts3 which is now nearly effected. tht
ssielx rely upon IN internal rescuue from thit
source. for the immeuate tutuse+ OF at least cigh
| teen milous Of dollart-
The Commission think that m income tax will
prohahs be suHtaiued With lcss det5t,nent 10 The
: ccuuts1 Than my other form Of taxation. The d.
cEintnation at the present ME levied on 1ncone
however, uui1st, Icing In fact ta1 On the result
Of successful Industry md bustnese enterprise, ant
!, ttc Commission recommend thai thl. disc71Iina
| ton be abrogated ntd the r1tc be eqnaliEcd The1
recommend that IN future asSessrucnis. incomes
D Of opc thousand dollars be exempt from taxutton
). and TINT in atslEning income taI allowance b
naaat. 1or aouse 1e Of at least tha. amount alton
I'd to be deducted FIR rental should not 10 any cae
= bc allowed 10 c.ceed :hsre hundred dollar. Fo
|
= | the Commssion bellfsr that tie Government nh
- safely rely upon IN auuUa revenue from this sourc
" | 0f alont hNy millions Of d03.2E.
From he t1cise on banks md 14ti.oads tt
e | amoEnt received during the 1tcal 5car 1865. VI
D. I f1SE7At5a and The Comuaseion assume the g
= | lcctiou Of similar amount for tho immaculate
e Ibe Commissim recommend that the taK as IN
poeed on crndc petroleum be- recalled and that II
1r rate OF tax on refined coal Oil petroleum. &c.
ancd A. At present that the lax On tpirs OF tn
n pcntite and rc.in should not lie wholly 1en,tte
= ana that 70 dsrThsck On ezp1r's TO foFssn eou
e t:ommltsion AZ q or,n,au that rersnus Q!
II leatt thirty rniions Of doars ay be hereafter &
The Com,ni. aiou recommend that tax on cro
u nceipts Of Telegraph md express companies :!
equaltzed, and arc 1ucltned to the opinion thal
. advanced 10 higher dgure thaa are per- eent- II
Commiss,op ass nne that The seve1oe ocstsanle @ NJ
c1ose receipts for the a.cal rear ending 3nae Sos
NJ ! TIT Commission recommended that the pFrsc
iau Ipostng tsx Of dsc dollars o. every ten tho
Fl nd dolla.s. or 10 OF one Per cent: on i9e i,
T. tberc1t tax Of one dollar on ten honsano, o.
hrndtedIh Of Que per rent on the pr 'asue OF sso
IT 1t1e fetap!taatiop OF the vs.sors estimates o.!
esh,s esans cl Jane @sse t., e ,e q
10 amount received in The heeaI 5esE % ios. hom
"a eseeptfns amount. derived from @ e1E
IN petroleum aDd n1TAt flofcs, tne CNk0U14h'EG -
u. male at about efxty-mIfone OF dollars. We 1a
H. a. g1nee revenue poseloic 10 be derived tsom
- fouEeee under the present 1atts. with the amt.
ID mcn.h above proposed, four hundred and thiItJ1
tt 1nitone Of dollars Setting aide ffy millions
dtiora1 for reduction o the principal Of The pna
ut Gebt, fuFInF VII rtmatn4 a-anDtnc the core
- nc&e of the estimates Of The committee, dppnc8'
~ for reduction Of tn1at1on. Of e3rhty.dse rnlto
os | Of do}lart. The committee srcomnend that
.s- ehsrre b. made slowly tos 'he present, to erf
he "12 ~ ysopr in M s@.Gine rcnort Of the e.
~ ~ Revenue Commission On cotton Is furnished
ot night. II is filed with interesting statistical 1ns
nd nation md makes the following fetDtnmenoatao'
1hat taI Of dyc cent? per pound he lested on
IN, cotton snieed in the United States rom md III
IN | July !, 1875; that tar On cotton consumed IN
~ ~ Ghticd states he LEVIED upoD manufacturers
.au 1Pon INA, upon tnCsChaue IL pa1
In: No se*tc1 to It allowed clearance without eer
zen este that tag has been p1d also that drawback
IN coon fahtes, To The full amount Of the taI up
-; eotton be allowed; that Ill cotou goods eEpof
~ o exempt from obcs cxCaec tax; Aud that 70 Il
be- a narfe tnSl be 1aI upon American taw colt
,es. tbcfG shall be specific duty ou all imported
w. tanics o1 as man, cents per pound ~ ne ley
a1R t upou raw COTTON
In Thr cou,u,'ton a1so recommend dur, NJ
ast mixed faer1cH nnpG1ed, Of one.h the tax On
nv cotton here The ahc is oue-half colton Of i,
~" those Eore taau hall cotton to pay full duty.
the nppeuded to the report
Ind Letter 1tuIu Gov. nroyynloxx.
the NV YaRK4 jan. ga letter from Cor, prn
the | inn. OF Tenn. to SpeAEet Col1a1 wa1 publ.
tn thfs morning. Gov. BroHnloN tasors the at1
~. sinm nf TIC fenncsset reptcsentadres to Congr
It. but ssys thst II The removal Of the federal tIo
re- ~. F.r,,,y,,e s}rral daeR8fiop thu lpyz1