, 1866-03-15
Wl)tfa9o Gr1buue'
THURSDAY, MARCH Is, 1866.

o. Ole ,rh,t edition you take-Neekly. Tss-Wcekly
~ 1ai,s Also give sptu ssxtxs 500 foture addfess-
xFAadress s.CHICAGO TRfBnNK." Chicago. III
THURSDAY, MARCH Is, 1856.
nEpt,cI10N OF FEDERAL TAXES.
Congress has two great duties dcyolying |
upon II reconstruction Of the revoked States !
and reduction Of taxation. But Little definite |
lcadway has been made on either, but per-
lay,s more rapid progress will be attained |
hereafter. The report Of the Revenue Com
u,issiouers shows the extent to which rc- |
duciion Of ta1ation uuy be safely made, md
POINTS out thercason and the imperative nc.
ccssi,y therefor. The present fiscal year ends
with June 20 The Secretary Of the Treasury
III Ills report 10 Congress estimates the cx-
1endi,ures TOR the next fiscal year Of 1865 as
follows:
For The civil scrs1cc. S5s16S ~
For n,nsiont and INDIAN. 1a'6uaeie
For thc Var Department.. ..-----.-.- G9.n1s+*o
For lie Navy Department. :.---..--.- ~
Fo1 interest on tic public debt-........ A'.sas"s
Total expenditure. .....-......-..ssss.'l"4o1
Tie appropriations that have been made
Indicate a smaller expenditure Tor the navy
and civil service than Is provided Tor in Inc
shove estimate., But allowing That the pen
s;,n i,cu, max he large. and that the nctual
cutlav will rcucb s::,s4, ,000, 900, Congress must
.1a,oo t,,s 1rcsrnt rates Of taxation euor-
.,,e,,e,, IN ken fbe f]ow of revenue from far
..x.....;l;nc tAe requirements Of The Tteasnry.
Soo.,.torz Nc{,ulIoch, in November last, esti-
rno1cd The r.cefr.s during the next fiscal rear
~ seqc m, nm, 1,ut the actual receipts for
~. ,.o.r viii ttceed SEQ O00. Gao, although
~. ..nir estimated ,hpm Mt ss:.,..a C5s. SIS. he
,r.d;r,cd a deficit Of slla. .1M.9t7. But he
r., M ,n,,,c7v mistaken. 10 far ftou there
,...'. d.Gc;t of t,at amount. he will eom.
80 49, ~, f,sc,1 rcnr vim At 1east rnu
.Ans.,. ~, surn1us For instance he estjms.
.as ~ .aoo;,ts ,,on customs Al s1i}p mn ooo.
~ s,.,a n ~ s,roo5. ,..o,ra3 oror s1e, nm.
nnn ,;,, ,,,rer .r5 . hn}f ,.,ooshs Of The ds-
w. 49,. ~n,.aa a. o.ttno,t-d T;s ,nc,ne
80. ;.,o,naf soxos Of s175 nm nm. but
Ho4u au =" 49, .s.o,raa ,nore 11an
s1r,s ,,,,,,onx IN cxcess ~ l,fs estimate, and
80. ,. ,1s .1, aa,1,>,att xe.r WY ca,rr 4ht
1.'s, ~, ~ scoo m mn rrom the sale Of
su" "P ~ <9o.' .as;a, sna oant,s::
eu1 1l',us VOL 49, - 49, 49, ssn n0n M 1r;,1
ca'ea !tolc'ts, no' 'ess -. ..Es,us ~ ssoo.
~ ~ anaa.na xot,,,,,rr ~ va,r for M
y'.' -. .ai;.a~ .t,o ,n,-cssad rercnuc
.1ss - .,',s,'s, ~,.s tas,o..o .rd dnt,es nm
ron "tlisAss a.4o :tNa .o' .ss".nas a,c r.na. Ia
Iaaaa'an t"p ~ = ~ ~ ~ ~ s@csss q, "a.
tne i'eee4A s'e""s ' .:.,..as e,s .,,o
eclp,e wa ~. rn1m nno nno
Ensams se' NM .,Nessa.s - ~ y ~ ts%.,1on
N o1ne1 No'on ,, 1ne p.essa' 80. taes ~ sa,,,,ta -
hcou'Apeeo' "ni p'ouues a1'uoes 4ou''s ~
muca revenue ~ tne oo'c 'inea, ~, neeus
NOW. VIC oef9e 70 sas 70 "S.noeis y. non-
gTcsa, Dee1nins WIN ens hep1eeennsS NV
'3oAn Aaunoss' Na.,ee wy psep'e &C.,, ~. ssa1
any sacn p.'*o'ng tW tu' AeAe Assa. -.
Tue peop.e 40 nol aeons W eont'lsase pAs.n4
on the naa1onal oeo. a. tne 1Hte " ivy nuu
areo sno l"ents nt.44'us -. nu] !.
Nhat they want 10 easnef etfengtn 1a1
few years before entering setaoaslS on tna'
hezculean task- They want to recuperate
little and-to husband Their means ane IN
prove their business build more mihs. iacto
raes and reilroAds, open more mines and 1af1n
and develop their resources.
It may Be very gratifying TO Inc pessona
feelings Of our excellent secretary o. IN
Treasury to be able TO announce at the END 9
each month that the national debt Inns Dec
reduced five or ten millions; hut It Is no plea
sure to tue taxpayers to be deprived Q
eighteen per cent year Of their total earn
1ngs when ten per cent would amply sumo
to support the Government Like the iroe
In the fable who were pelted ey thc nfseales
oua hoys, It mas be fun to tie secretary. oo
Il is death 10 the taxpayers to have The bloo
Of their industry thus drained ont q them.
After making due allowances iot loss
revenue from enhancement In the vaIue
greenbarks md thcr steady appsoff1nasao
toward the gold standard, II Is SIN pef1eeI a
eate to aboNeh taxes 10 Tue amount o. eio9
00,0oo for the ensuing year Inc t'osel'
ment will receive IN increase OF fevenne lo
three sou1ees, vaz: hom ~h'sees. tonase
cotton and canaoa. toe REVENUE a,s nont ~ ~ -
wines last year announced oa's ~ e'''e''o, y,
With my eort Of cars sno in1els on =
part Of the reveoue ~ -, 'ne ne .aeus n
Ills ~oue y. 49,. ga ~, NJ
-. 80 81, s,rn mn. ~
1Opatco ylc40eA Aapt 3SAA <AAs~N1eso1e' > NA
reNr NHflIH{S %lS.W1.NU. ana next year IL
.t,.ato5 ~ s},b+.s, IN 4,rcntv millions.
little. This year 1t will amount to sl5,oo
coo, at two cents pound, exclusive OF WI