The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-11-27

TO the active wealth or the country as represented BY
currency and negotiable credit and prevent collapse
and contraction both nscsssarily leading, in his
Judgment 70 rspudIation.
the reduction Of our expenditures to . peace basis.
THESE expenditures thus reduced including the ment
OF interest on tho public debt and very small and
gradual reduction OF the principal no thinks ought NOS
20 exceed $22o 900 year gold the payment OF
tho government expenditures gold instead Of paper,
Of those expenses thus Immediately rssuming specie
payments and reducing the expenditures 20 . sum nos
~ So' %
creasing every year With our augmented wealth ana
fAWd Tho immediate abolition OF our whole internal
system OF taxation, including the income tar. the TAX on
saies, stamp tar and all other taxes except
and tobacco. without reducing the taxes on thess
articles. or surendering their proceeds TO fraud and
could be realized This would make the total revenue
$3.50 600 600 in gold per annum, which would leave
very large margin, far more than he thinks is re-
wanted b. Soad s further rsdae. he taxation a1
by taking on the duties on sugar. tea and
coffee Should there sim os large surplus hs Y IN
favor OF Sill further reducing repeating all duties on
the necessares Of life not produced In this country
should there still remain surplus he favo devotng
thinks a. DO always has that the material Of do
nestle manufactures should b duty tree and exempt
FosrA. The national banking system should be sus-
tained and improved upon, repeating the MONOPOLY
clause and leaving All perfectly free y establish banks
all sections Of the country large amount Of SUBJ
siantial medium - their Interests require M
New Custom House Proposed for New York.
Nj. A B. Aullsst Supervising Architect Of the Trea-
sury Department. In his report just submitted, thus
speaks Of the New York Custom House in Wall street,
which was formerly the Merchants Exchange:--
Considerable improvement has been made in this badly
arranged and inconvenent though durable and costly
building a new tin roof has been substituted for the
a
until Nay 1866, are now being re1ttsd and arranged.
the detective ventilation Of the rosunda improved hs
heating apparatus repaired and extended "a the
upper stories. and the interior thoroughly clean
cd and painted Additional room has been OBJ
the removal OF the awkward stairways on Exchange
place, and communication provided between The differ
provsmsns have been made and ueri.cted
70 place the whole building In good condition. desire
70 call the attention OF the department. tho dssrsby
erection Of suitable buildings for the entire customs
establishments in The city Of New York, Including the
purchase an advantageous and profitable trsnsac-
ton for the government not conveniently arranged
or wen adapted to the transaction Of the public business
and already uconvcniensy crowded IN the executive
branches and will before many years DO entirely made
quats for the transaction OF the business OF the port
The New Barge Once.
In reference TO the proposed barge once on the
Battery, the experimenting architect Of the Treasury
Department. says that the site the Battery extension
Is admirable and was purchased from the city Of New
York a. the extremely low price Of ten thousand dol
lars. The work upon the new edAcs will be COM
mencsd a. soon as an appropriation for the purpose
b obtained from Congress.
The Recovery of Confederate Property.
Mr. Cadwailader c. washburne, OF Illinois, introduced
to-day resolution calling for Information respecting tho
recovery Of Confederate property. Il s said that tho
Treasury Department has given out contracts 10 certain
parties TO collect all Confederate properly which they
were 70 have large share or the prohtA Mr.. WASH
burnes resolution Is designed 70 md out who these
parties and TO what amount they are 10 realize their
share In the results It 10 said that one Brashaer now
10 Europe, empowered 10 collect all Confederats prop.
ery there for which he Ii 70 receive fty per cont
his portion In the transaction Il asserted that these
operbtions alono involve property estimated in vauo
from eight to ten millions Of dollars. The resolution
also calls for some knowledge Of what settlement has
been made with Frazer, trenholm 4 70. s rs