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

an,,sac,LLs - ,a..otns ~ -. .ona''. " sA."
with mi NJ stamn ,ax ~ ave cent, NJ, ,L w.
derived frd,S,r so",,e '''ou'sha ao'''s may w
win M and scme o,her a,o.,A,,.r,. ..,.,,. :.
proprietorb cdsa,nes and sn,,,sr .srod r,,a ~
Commisat,rs ~ The on,r,or ,na, ~apan,a ~ - ,
twenty miirs az dol1ars nav hs haraaS ~
from stamu "' ~ "'''"'''' ''''eo'''
- Irc, cv Avn srccvs~ox ,,,-,y,
Wben "A consder thar he cr,i,a ro,ar,,. M ,he
country prlby changes hand once In hv ,yo years
sthe fst,,nbr cener,non. !, 10 rv,dan, ~ yaI
rate or In the FORM ~ Ia 90, al scc.ss,an an,
mnst be url,ctya Of largo yasen,a A. snch ,axes'
moreover bIcas excessive have little inauene. In
checking II development OF Industry their adopt,on
aud cnfrc dent ae p,r Of the pocv Of
The countr 10 be- s,ronsiy rocommended Thus far bv
reason, prlbv OF some law relative
70 this subt In the United States has boon practically
q dead lekr as Is proved by the very inconsiderab,e
amount t$b 703) which accrued from during the last
fiscal veal From the corresponding fiscal year the
retyed from the same source In Great Britain
was ~ 3310A t$l1 $50, gTOl
The Commission submit the form OF bill intended TO
render thekecut0n OF the present law more ofecual,
und they aof the opinion that with adoption by
the enactrht OF some equivalent provisions a revenue
of At least ee millions OF dollars NAV be secured from
this source
BY an esnatc made for the commission by a gentle.
man conndrd with the urrorate,s lcc OF the civ OF
New York he amount OF properly annually passing In
that city, Twill or inheritance by kin Is about thirty.
one milio1O dolIa which, II assessed at the present
lowest rad Of legacy duty-cno per cent-would have
yielded aIhmount IN excess OF one half tho receipts
from thu Arce for the whole country during the last
hscul year
TAI os GROSS REcEirrs
From srf receipts the revenue for the fiscal year
1865. was 1607 $50 Under this head are Included
mainly thyaxes levied on Transportation and intorcom
muncal0shnd rs the majority OF them railroads ex-
cepled yieibut uncomfortable amounts and are in OPP
position TO he general system OF revenue which the
should be r@alssl az soon as practicabc.
Thus The lcsips from bridges and Toll gales for the
scal year lt5 was x75 200 from canals sgZ 4al from
ferries Sl2(l33: from s,ars coaches wagons sc
$3.50 1888 al from rDroads S59I72e3
a. a <
press compas tbs former OF which paw ave per cent
aud the late but three per cent on the gross amount OF
their receipt For this discrimination The Commission
present coj,ituted are for The most mart mo-
nopohes AZ the average rate of profits psd by
them i bteysd to lar exceed the ratio of profits
in almost H. ls..,,naie bns,ness rho Cornmisslop
q ina ss%e eo%psais. Be sqs,I1sd and Ire
eomnsnes ~ !" o ma so s =, ., ses g,s I'm
I've per end An increasSa revenue rom saeh az ad
nn,,n ~ 's ~ ~ s1", " ~, sis =,
srit,s.s ,aul w. - ~. $3.50 ~. 49, ' 'N "
The rsson r..,,oi. s,,,a cy no
an 49, M s, a' ~, - ~ si'p , W, ~"
ns.' 80 e W." s@'i"'o o. anu NV" 'Nl Gun"
i" IL ~. vi. ~ os. -, ,,o, 49,.
o,a.s", , ~ nn,," ~, 'no a'
n.oIees opV'ts e pono " ctu,n .opo''u" ,ne,''h
,"vahIs nv sar o,e.r ~ 'sa e. 'an re-
~ 80 ~ y ri, ' ~ =, sun .o Iv,"oa- ~.
nols T ~ = ~ , % 'n
snon'n - s,n'u, WIG ,ne aItc' prohlt eApcAs
oanr " ,asnns or , sas,, ,n ,aa ~ ~
~" ~ ~ y r,, NV ''D' .,',on, y. " 49,. y
ie' ri va. w sre unonnly more nesry correct Than
W. 80. 'rto. ~ . ''' " III y. uuV
.ns, i \, tnonmeni sn snen''.snl o' 'nciaM
" ,i MI 'fts'e ~ - poN " s"' ev,' ~'''n
80 als,n,, '' P-'
P~ o's'nl@f.- 49,,
nv .ohn'.NT s~. me .a'a, we 'essnne aen1no o.
w, sn1A .sls le ,"c nca' Yea. sn ~ w snn' ."
'oe'i ""~'nfh"e ~ =, pf'ssn', epoe f"vVV"o
'Ax ON SANS
Vhuer uv wv" s'n me- we sAes ny a".u"b "
M"en ~ " ~ ~ aeo eas ~ NO "' wow
sno'Mns = n5 I.een"e On ss,vox 10 %
rue pIsen. 80 o. ,ss ap'" w. sas " NJ
- one w o. ons osh'' y, Nv. s ~, On env
a =. rh ~" ~ ne ,cus,av h, New yor
" iyNs, ~ s"n . o',y,. ~. 80 ~ e. ~
% 70 m M w., .,c 49,, sss % s,,r -
na's ~ w ~ ~. ~ , ,o ~. ~,a ~, ~, ~. ~ 4, I 4,
Ia =. 49, - ~ ~ Ia A." y" *. 90, e" 80.
~ ~ 'as-, - ,rsjy ysr N, s,rr,s,
membcr. 81 ,hs s,ocE eychsnge ~ Now YORK and
.,..a. - ,~,,..,I,, ,s,,,.-,.
80. 80 a.. n,v,oa"s r"ua H. cssntr.2
ysia o.' sssa'a.a,,. ~ =, ~ -, =. a..
o.s nv :. 49, Wv ,h ~
", ,ors,,or saye,bsr an ,'sa1s"r ~ III.
MAJ no s,a,e tbas ,sere M, Iayve p,nl,e, ~ sesie,s
,hs.aires rvng IN The brokcr s,,rol Nj rc,,
fr ,aIlny ma broker docs no, foo,y ~, ssr trans
.eon no, control /, and cannot epsorce The gsns
~ nc tsx - -
\, a. he ,,,or NJ exrsr,epees me, a, wan ,,yee,
that ~ s.rng DE ,ast ,wertv YEAR ,be ,,eent ,s,e AZ
,,,r h.d re-, ,eia oc IN Her ~, ne ,v
w.. sa,.,,a n he l,.,pee dr,s.g IN, lime are no~
,or,b -
+, .,onis s,so ~ hor.s Il, ,,s ,h.t a, ,os h,ol.Y
sg busln.e, Ia sa1ed otherise moi frrancniiv lar
b uy l ed en- evsry certificate 81 stock ami on
every contract for the delivery of stock The rate Of
Al ok bok eare H. on the average one eighth ~ ono per
cent the ordinary mission Of merchants Is two aud
bslf per esnttw.nty times large 40 The comm salon
OF brokers To reach tho result II the end OF the
year a brokW must do twenty times much business a.
q merchant docF, hence twenty times many checks
NUT b. pissed, which checks all bear stamps; thus
showing that the stamp duty upon checks In brokerage
n twenty TINES - much ~ Ia the general lie
business u New York
u " tho opinion, ffficr, 81 thote most
with the stsk fvt rs business % New York that " u
posble W rb-olniey enforce the Law " si pre-
sent stsnd 'he r"kefAe rsincs for the sns Of stocks
would BE- nearly cf completely cuingglshed.
From review ~ the whole subisct, ~ which They
have been afd ny the Judgment or The leading snbefs
OF ihe Nee York STOCK exrhapge zone of rsm i'sting
Formerly been rrcn uept membr Of NE COMMITTEE "
Ways sndNeans thA' atHted TIE intfnAi INtshne a"l
the Comm lon would recommend that the pfesen, as
imposing iay - i've doliers etery ten housAhd Dol
lsrs, or "pflwenfh o one . cent on wv psr fhlpe ~