The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-12-04

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rsssss upor me maiats beoks law restrictive vpes
for wLlrh ~ss enacted Tsls subject one Of xrrss
interest," me Whole country Tie attention Of CongrD
rho spsca. tsmmrsisrer Of The Revenue. slncs The
sdloarnmsnt % ihs larry riaih Congress- has been
him by izu ard usdsr direction Of the secretary.
has devoted portion Of hs time 10 personal study and
dIllon o. Great Brs.s AID shs leading countries Il
Europa The result " ms Investigations will be
comsnslersr viii discuss sSs srecr, or ror En-
pendures ss nearng upc3 tas question q me shats-
msnt q ssIs ne psssni InissirA oontitioo and re-
bone and abroad the revision OF ths
terns revenue system both 70 respects Administrations
and SPECIFIC TAXATION. and the relntons OF The present
tsrn 70 and domestic industry This report aus
that OF the Commlssoncr " Internal Revenue. which
the excise from Of rs bardensoms features
and grsaier efficiency 10 the adm illustration Of ts6
u quite Unnecessary before Suggested for the sscrs
tay 70 do more than 70 commend them 20 The attention
While the amount Of revenue to BE- raised By Internal
taxes must continue 10 be large IL evident thai many
order thai tho number q rsvssss oicsrs msy BE- ~
duced duplication Of taxes avoided and the system
that tho admnisrason Of The aw must BE- mors slcsns
than Is s present tne service 10 % escape after d.
mor.l4zaton The internal revenues q The past -
failure OF the reyenuo officers to collect the taxes upon
Distilled liquors. rhis failure Y veil known % shs
little humiliation 70 the Secretary - we'll - 70 ~
The duty upon Distilled liquors is % high that there
has been temptation 10 avoid rs payment which has
to great extent demoraizsd both tho manufacturers
gallon up "a article which made for thirty
would be difficult tax 70 collect even 10 small coun-
upon merit alone, and where dishonesty promptly ana
severely punished II IL especially dlcuu In county
MOI not 70 Control selection. FOR ana sSsss
skill in evading the requirements Of revenus laws b nss
The Secretary Of the opinion this cannoe
be collected but he does not hesitate that
prouaSt mo general usa sSs ~hs e
pected from IT. the collection OF 20 heavy tax VITA
thorouzhncss VII b. impossible unless higher ssas1.
shall be established. The views Of the Revenue Con-
missioners this point worthy Of especial conssrs
The necessity Of economy In the public expenditures
IN present financial condition Of ths country b -
apparent suggestions from the Secretary aFo
peeded impress Il upon tho attention Of Congress.
Taxation Weighing heavily upon the psopls and they
ss Surdsn shall not Be- b. Ss
necessary expenditures Public economy is In all ~
y
which are most deeply ~ debt whose affairs ought
Their lore lie most prudenty managed. are the very
TRUTH 80 interesting aud instructive the people oths
United States the present time ID largely attributable
public debts IS unavoidaby attended with imprudsnt Il
not reckless and that when those enrusted
with or possessing governing power naxs once snjoyss
moneys under their contro! land this Y always ne
case during the progress Of sspsn,yS wss RroOs
DO enforced. Thus, national debts become chronic
and efforts reduce them are rarely successful Tue
debts Of nations the most heavily burdenod instead -
beng stationary the increase might be in the pro
cess or rapid extinction IL the same economy wsrs
into existence. It is OF the last impor that The
debt OF the United States should NOT like that OF most
other nations DO perpotuaed by habits formed during
the period OF It's creation II largo, but fortunately u
has yet become chronic IL was incurred under tine
economy was IN large degree lost sight Of in the alb
sobing public interest which excited II is undenaby
formidable in amount but the experiences OF past
two years during which, under the most unpropitious
circumstances 1t has beea largely oiminshed muse
sat sly the least sangune that the reduction OF b
continued, and that oven with diminished taxation IL
be totally extirgu he'd within the present century
II rigid economy: which, perhaps, could NOS =
has not been practised since, h hereafter faith
ExrayasaaCs in the a6mnista,io. Of ,hc
has not become liked TO DO beyond correction.
There substantial diincuy in the way OF public
economy now, but there may be few years hence 10
not proper perhaps Tor The Secretary OF the Treasury
advise IN regard 70 the precise manner IN when tnis
gestTbat the army. at the earliest practicable mo-
ment be reduced to tie minimum required TO garrison
fors and preserve the peace tho frontiers and along
the lines of The Pacific roads, that tho expenses VI the
navy be reduced as tar as can DO done consistently
with tue protection Of and the mEinten.
ance of reputation o . maritime power: that
trencbmen DO introduced iuio all branches OF the civil
scyice that there be no pay ments oil damages WHOM
the unavoidable incidents OF war; that b
no additional grants 70 railroads AMI no considerable
donations OF character unless. connection with
the appropriation, special tax SHAH DO lowed Tor their
payment
But the public faith does not depend alone upon ado
quae revenue laws upon economy in the adninis-
traiion Of tue government IL rests also upon the
observance OF contracts ia the spirit well In the
letter. In fact, without this there VIII neither en-
Gent administration revenue laws nor economy in
expenditure. Nothing but absolute insolvency win
save from the nfamy OF Reputation nation that does
not pay Its debts accordu TO tho understanding the
time they were Contracted; and when volun-
from the very effect Of It's example, TO enforce ~
revenue laws; AID Its expenditures will only be checked
By its inability 10 coecl How much Of the dcmorali.
zaon which exists the service Of the United
States attributable Tho failure OF the government
redeem the legal tender according their tenor
would be an interesting subject OF inquiry, but hardly
appropriate In like thia In his report
for the year 1860 the Secretary used the following
language ia regard TO the national deot:--
The Of public Is national necessity
Nations do not and cannot safely accammuiae y
curing which The richest and most powerful are SSss
ss into a.y . .ss q
nc q 81 nooG n s.a ~r no
and De sa ng n;l !. nay maintsn ndepsnd
than the fofbearAnco Of Powers nation
absolutely safe which condition 70 defend itseif
nor can DC IN TINS conatnn no matter how strong otbss
respects without well established financial credit Ne
pecunisry obligations Credit them ndividual2 =
money and money isthe power Of age Hut Tor
the ALTERING confidence Of the the loyal
in the good faith Of the government the late rebellion
would have been this great rapidly
becoming again united and harmonious would been
| broken into weak and belhgerent fragments.
hut the public faith OF tine United higher con.
dcratons than these for Its support only upoa
the interests OF the people, but upon their integrity
tue The debt Of the United states mas been BY
sibe nationality. IL imposed upon willing
subjects by despoic authority but incurred BY tho ps
pie themselves governments
By the preservation Of VIII ch those who eagued
together for Its overthrow be
those who have been battling for maintenance A 10
debt voluuta ry incurred for the burdens
will be cheerfuy borne By the people. who viii not permit
them 10 be permanent
Now what u the United States pledged In regard %
the public debit II Is not that II shall Be paid accord.
ing 10 tho understanding between the government ana