The New York herald., 1866-01-30

matters with which the Local
Cases can be cited in which taxation upon ana
estate falls but little sher. o. n rsrtieiv i'm
proved the demands for tho seveIal oSs s ~ !, he
absorb nearly the whole receipts and more severe
with every step in the drecton Of appreciation 'he m
gold value the currency IN wnSr .ne auia 70
t1s J ,bat the National government should not now
ad opt any calculated 70 maintain or ciease - ~
er sooe 10 diminish them Such course, so far nom
p,c,inr the time hIch the national debt can be
aonneS as the power OF contributing the public
revenue increases almost geomercay as the activity or
The socieary circulation Increases arithmctically"
Looking to the past hnd that while population
has accustomed to duplicate itself in about twenty
cc tvap as Rapidly or to quadrupe itself in the time
oured the duplication Of the other while looking TO
tho fatare in view q this fact wo have reason TO- Dc
hence will be more than twice as great Us 10 AZ present.
That it win be 50, provided that we soon remove al
those that now tend 70 impede national develop
ment cannot be doubted; and, II the revenue sys
tenn which may be framed TO yield three hundred
mloas 5s5 a. least ol dou6i. thsl amount
In confirmation Of these views the Commission would
nues have in the short period Of twenty years from
1912 TO 1852 increased Gfty per cent from 9AS 0o0
whstanding The exemption from taxation, during the
same period of thousand one hundred and nineteen
out s s onS ad Sssn SVs SUBJECT to
The completely, therefore, that we now close our
eyes the existence of the principal Of our debt and
the more wo give attention to tho adoption OF mea
country and TO reduce the rate interest payable
Increase in tie money value Of the landed property Of
tho Union, the more readily will all the local taxes be
Affairs in which will be possible to boast that the war
debt local aud general whether held at homo abroad
has been again extnguished.
THE RECIPROCITY TREATY.
In accordance the resolutions Of Congress and the
notification OF the Executive, the commercial arrange
rfrrxsp ~ ts.sIar rxr,lC
the trade commerce between the United States and
the British provinces OF North America have been
ried on since 1884 expires tho 18th day Of March,
1865 The consideration Of the effect which tho term
nation OF this important commercial arrangement Is
likely to bs upon the revenue as weii as upon the
ly formed part OF The duties devolvng upon the Com
mission; ana has also been especially commended to
their atentonby the Secretary OF the Treasury The
Commission do not however, propose to present In this
any review OF tho history of tho treaty. Of
the which, in the opinion of Congress-
have rendered its termination expedcn This work has
already been performed under the auspices Of the Trea
sury Department. by E. H Derby, ESD, Of Boston, TO
refer, without, however, endorsing It's conclusions
There are however, certain points connected with this
subject 10 which the Commission would ask special at
tentOn
Tho first of these that during the continuance Of the
reciprocity treaty, the trade and commerce between the
United States and tho British North American PROVINCES
has increased in ten more than three fold from
sevcniecn millions in 1862, to sixty-cght millions in
1884 that at present, with the exce ton Of Great Br
tain the commercial relations between tie United States
and the British North American provinces ontrank In
Importance and aggregate an annual value, those exist
ing between this country aud any other foreign
It may Also the think, be fairly assumed that taking
population and wealth sat Of Canada for the last ten
years having preserveda nearly equal ratio in this
specs win that o. the United staes the trade as at
future may be expected to develop increase equally
as great as that Of the past.
commerce Of such magnitude Is carried ON, and Is now
developing, ought not therefore, DO made without the
As regards the present treaty the Commission as tho
result Of their Investigations have been led to the
cus on that Its under existing circumstance
unlcss accompanied with certain important
Is not desirable on the part Of the United States.
They however also unanimous in tho opinion that
United States with the British provnces~rendcr,ns
them In many respects but countryand Of the mag
hwoud be impoltc and 10 the delriment Of inter-
ests Of the United States 70 decline tho consideration
OF all propositions looking to tho reesab shmcnt Of
future and satisfactory international commercial
arrangement Such ccurse would be in entire oppos-
S% sS % q the spirit Of the g the Ssy o. our people
means Of diminishing the burdeI1of our public debt
IN view OF such an arrangement, the question OF
whether either OF tho parties 70 the treaty has or has
not conformcd 10 the spirit Of Its spulatona s Of little
importance Is the future not The past that We arc
oncrcd-tenns which calculated 70 devote the do.
volopment Of the trade and commerce OF the United
with our neghbor, and at the same time protect the
revenues Of ne country from serious ano lncrsss.e
INV, n, ,s,,c y. ~, ~ ~ dI ,S Sr''' " '1'
Tns c.s ~ vrn sf or Inc nr.v;uc,.l sut,o,tt,ss IN
r,neros,ses IN snet ~ ths rasiions oS "a
80 S~s.cs ~ ; isssS an srrrrssicr ~ Scsirs ~ ,.Ls
IN thsi must be II every resnsoi rcc,nrosi
srasmucS a. n is evident th.t no treatv can rr sny
,ar.ss cra sr,c rcr,inus Thai des ,o nd,cs a. shs
rsrss0t of h,,h uarties " - - " w Wv
n s evisnf thaf The necessities Of the United states
will for uant e rcorrc Tho mposition or bch rates
r ssr atom IN r,a,,v articles and faf with tho rouc
cn Of such articles free or asscssed at low rates Of duty
In the Rrsh nrovncrs TIE enorccment a: the eSciss
snnosanc, snd expcnse and under iii ordinary cond
sons Isyye mai isl az The revenne nm.
ccnr tina cx m ali Inc rs,ions NJ rnrorc has
sSown that ~ a,smnt ~ who,iv nrcven, snvrs,"g no,
nndsr the enconragrTtnent or b,gh ratss ~ Suiv
is an utter ''imposstbilitv. IT. however. such an