The Portland daily press., 1866-04-30

THE WESTERN MAIL.

| IHE PRESIDENTIAL POLICY.-SeVeral Re
publlcans IN Fittsburg, Pa. have recently beer
removed from office, and on calling upon Sen
ator COWan to know the cause OF their remov
sal' were informed that it was because they die
not sustain the Presidents policy: and that il
they would so home and publicly sustain the
| President, they should be retained. This they
declined to do, and Cowan then, told, them
This was but the beginning of removals.
MESc0Vel OF Camden, who recently figur-
ed prominently at Trenton, was in Washing
ton Thursday, and in concert with Senator
Stockton, had the Postmaster and Assistant
a. Camden, \. y, removed. The cause of re-
moval assigned is the failure of these men to
sustain the President and Messrs. Stockton
anu ocoVei III thelr political troubles. sdi 3
EQUALIZATION OF BouNr1Es.-It has al
ready been announced that Secretary McOuI-
toeht has addressed letter to Mr.. David A.
WelS, CHAIRMAN Of the Revenue Commis-
sion, enquirlngg into the expediency of enact
ing into q law the bill now before Congress
for the equalization OF soldiers, bounties. The
following are the most important PAL agraphs
OF Mr.. Weiss reply:
The existing public debt, of the United
States taking the accumulated wealth and
rate OF interest into -consideration) is now
comparatively larger than that of anv of the
States OF the Old World, and is OILY exceeded
in actual amount by that of Great Britain. ia
lsnOw proposed to increase this enormous debt
to such an extent that the annual interest on
the addition Will be nearly equal to one-fourtb
OF the average annual expenditures of the
whole government, during the decade prior to
the commencement of the rebellion. The
largest amount ofirevenue ever drawn from
INC Bfitish people, in any one year, irrespeet-
I'VE 81 loans, has ls never exceeded $375,O00 900
Whlle the amount of revenue which the Unit
ed states mas drawn during the first three
rlous forms of direct and indirect taxation:
hasbeen S410,000,000, or at therate Of UPWARDS
OF So4o,OU,OO0. This immense sum, in opposiI
!on 10 the settled policy of all other nations and
IN dehance OF their experience, has been mainly
drawn from the industry of the country. The
present large receipts Of revenue cannot how
ever, be accepted as any sure Indication Of the
iuture, andso long as they are drawn mainly
from 70 taxes on industry, they are no satisfacto-
ryl mdicatlon OF the prosperity of the coun-
Iy. f0r the next fiscal year, moreover,
uh'nlshed lmportatons, changes. in values
ana quantities Of industrial products and from
othef causes may be expected. This deficit 4
cannot now be easily estimated; 2 but that il 4
WI VIII De large cannot be- doubted, espeeiallyif
1ne country, as now seems probable, is to be,
visited BY pestilence. ~ sDo.ioz'o'f 'fee
1t would seem as if the mere statement of
these facts ought to suffice as an areunent
against any immediate increase of our enor-
nous burden OF debt and taxation. If how
ever, we furthef consider the manner of dis
:ripallon OF the taxation by which the nation
Is at present raising its revenues, the afgu-l
ment becomes even more coeent and man.
sWerable. Asis well known, The exemption
ron taxation at present, in the United States.
o on any form OF capital, or any process or re-
:, sui oi industry, is the exception rather than
tne RUE. This system necessarily involves a
most extensive duplication of taxes, and thus
! ~ turn entails and maintains an undue en-
OF prices; decrease, both of pro-
W uectlon and consumption, and consequently
OF Wealth;a a restriction of expectations. and
Of foreign commerce, and large increase in.
the machinery and expense of the revenue
collection 1t needs no gift of prophecy, or
trained financial intellect, to determine the
result OF a perslstel1cy in such policy, for ma
uohs, ike individuals, may have their patriot
ism faxed beyond endurance. A reduction and
equalization OF national taxation has, there
lore, become not merely expedient, but imper-
atiVe. circumstances will not, however, ad-
p ms OF a reduction sufficient to give all the re-
het demanded by the nation, being made a
once. The condition of the revenue will not
u
necessaries OF life.and all the common forms
OF industry from <tazx1sIIUn. -----=--
- Uuuer the above circumstances. therefore
It would seem as il nothing but the salvation
OF the nation Itself could warrant any inmed-
ate increase OF the national liabilities or the
In the Massachusetts Legislature, the bill
lor the equalization of bounties went to its
third reading in the House of Representatives
Friday by avote of 125 to o.. The bill had
previously been SO amended that the subject
goes to the next Legislature in case it is found
that the cost Of the Eeasurc viii exceed four
and q half Millions Whether it will exceed
that sum, or by how much, are points as TO
which nobody is in a position to make apy def.
mite statement, the friends of the measure be-
ing I quite as much in the dark as to the amount
for winch it may call as It's opponents can be.
.nIHE SENATE AND THE PREsIDENr,-A
dispatch to the New York Tribune gives cur
jency to the rumor that in the Executive ses-
SION OF Thursday Che majority of the Senate
very distinctly announced that no nomination
should be confirmed when made to fill place
made vacant by the removal, for opinion s sake
Q, any competent officer who supported the
election OF Andrew Johnson in the last Prasi-A
dental canvass. - o'.7