Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1868-08-06
TION

SECOND-REDCCTI OF TAXA-
TION. p. s3forol
The amount flakes abated or repealed
since the close of the war has been esi:ma-
led as follows: sd inlmi ssgri.
BY act of July l3, 1860. $50, ,000 900
BY act of March ?, lsG7...... 10000 900
Ay act of Feb. 3, 'GS, exemption
of raw cotton. ...... .23. i69, 600
BY act of March 81, 1868. ....- 43, 800 900
Total SlG7, ,2G9, 900
BY The system Of internal revenue which
prevailed al the close of the war, taxation
may be said 10 have been all but universal;
land, agricultural produce, unmanufaciur-
ed lumber, and few other forms OF prop
ery or produce only being excepted. An
aggregate of ten thousand distinct articles
or products made available as sources Of
internal rcyanue in July, 1865, would prob.
ably be an under rather than an over esti-
mate. At the present time, of all manu-
factured articles or products of industry.
the following snly are subject to specific
or direct taxation: distilled spirits, fer
mented liquors, manufactured tobacco, gas
matches, and playing cards. Pcrfumery,
cosmetics, patent medicines, and few
other manufactured articles, are subjected
TO a stamp tax proportion TO their selling
price.
Since July. 1865, furthermore, the addi-
iional tax of five per centum on incomes
in excess of five thousand dollars has been
repealed; and the exemption on all in
comes has been increased from six hun
dred 10 one thousand dollars. The taxa.
ton formerly imposed on the gross receipts
acaruing from the transportation of mer-
chandisc has also been entirely removed.
Coincident with the above reduction of
taxation, or from the 3Ist of August 1865,
to the seth of June, 1868, the aggregate Of
the national Indebtedness, including cash
in the Treasury, exhibits reduction in
reund numbers oftwo hundred and fifty
millions. On this abatement OF the debt,
the reduction of the interest, calculated at
six per centum, would be fifteen millions
per annum.
NEUTRALITY-SUSPICIOUS. OF TIE
WAR DEPARTMENT. 4 .-...,
The aggregate expenditures made thro'
or under the direction of the war depart
ment from April I, 1865 to June 30, 1865,
inclusive were $9iT.lI7,043 AZ -'if ,l'sel-
+ OF this aggregate, the disbursement for
nine months, or from April, I, 1863, to De-
cember 81, ofthe same year, as stated by
quarters, were as follows: '.9 fs,i s1''
From April lst TO juno 3Oth, -S''''a
1860 5..........................S I'll 4, ,i5O.Zft ob
From June Both to Sept. III, sIss
3Oth, lS65.-...-........-...- lO5, ,36?,z3i 81
From September 30th to
Dec. 81, lS65............. 6s.i22,5fl 90
1t thus appears that of the above total
expenditures of the war department. S6t7-
6ss 900, or 10 per centum of the whole
were directly contingent upon the termi-
nation ofthc war and the disbanding ol
the army; and were disburscd within the
nine months Immediately succeeding the
surrender OF Lee. in April, 1865. 'hss'
The balance of expenditure charged to
the war department on the books OF the
I 1Trcasury-viz: SECS, ,42s,9S7 l0--covers Q
period of thirty months, or from January
], &c, to June so, '6s, and represents the
disbursements further contingent upon the
termination of the war, such as arrears o.
pay and transportation Of troops; the regu
lar expenses of the military establishment
the expenses Of the Indian war in the sum
mer and fall of 'G7; the payment Of boun-
ties ($i3,sS2 $50. from July ], 66, TO June
80, 'CS); the payments for property lost ol
destroyed in the military service OF tht
United States (sll ,OOO,OoW the reimburse
ment OF State claims (5Io. $50. 900 in '67-s
Iriver and harbor improvements, and th'
, iexpenses of Notifications, subsistence o
Indians, Frcedman's Bureau, expenses o
reconstruction, &c.
FOURTH EXPENDITURES. OF TIL
u NAVY DEPARTMENT.
), The expenditures of the navy depart
ment from April Ist, 'G5, to June 3oth, g
were sl33,ll?,296 81. OF this amour
59,s47 ,ss9 So, or 45 per cent, were dis
: bursed within the nine menths immeeiate
I succeeding the Termination of the war
: in April, 1865. The balance of the abov
5 expenditures, 1921, ,4O7, covers the regu
: lar expenses OF the navy for a period 6
$ thirty months, ending June 80, 1868, q
& well as the disbursements on account Q
: prize money. and fol the settlement Of con