The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-01-23

forests imperatively demands that new
must be made for the common benent OF alL Lne.e
can be no hesitation 10 this convsHor ~ Of Inc
Internal Reveaue hss the nrst practical step o ing
relief OF the country from the present burdens o. s
ton should bs retfenchment immenape anu nAoss
extensive lhat not over ny per cent OF sne amount
the assessed internal revenue taxes receives Wy
the I The n ,orSs the and
machinery employed 10 collect the taxa reform In
administrator VIII admit Of rsano.on 81 .ha p Ss
afforded to the greatest extent possible by the removal
of taxes which impede production-taxss which, when
first imposed were drawn profits and were there
fore 10 certain extent justified but which, with the
present REDUCTION OF values fall mainly upon capital
And "that removal Of all the internal taxes WHICH
materially impede production will be followed oy an
Immediate ana great revival Of domestic industry"
With one proposition OF Mr. Wells, speaking for my
self only do not Under depressed condition
Of affairs 1t seams to unnecessary and unwiss 70
raise $50 600 annually ss item Of TAXATION In ad
dition 10 the amount required 70 pay an ana
ducing the public debt to that extent IN each year
Wealth In the United states increases In much more
rapid ratio than population The increase OF population
from 1910 1850 IS 87100 per cent and from 1890
1850 IS 80 per cent The increase IN value OF rear
estate and personal properly Tor sne former aecsss
must raise amount OF revenue which snail Do sur
Hcent annual expenses and Interest ON the pub
lie debt, under the most adverse circumstances; and
we'll devised system which will yield such an amount OF
in time OF the greatest depression Will, In an
average Of years AFFORD large surplus wnSn Of
the public debt from time TO time While the law I'm.
posing should amply provide for expenses and
the purchase and extinction Of debt snail reach
the goat ultimately TO be desired with least disturbance
country most free to develop Itself. lApplause.l n
the expenses OF the government should Dc 70
$20 600 000 and the estimate for interest $3.50 0OO goo
added $3.50 600 900 will meet those pay ments The
estimated relied from customs is 000
and II add 500 000 600 from internal revenue lakes
the income would meet the expenditure proposed. IL
might not however, be prudent 10 reduce the income so
largely the present year, and the income tar can DO
Mr. Johnson Of Boston of the shoe and leather rade
offered resolution at this point continuing the action OF
the Convention to the ratification OF the proceedings u
the Cleveland gathering. The resolution was seconded
by Mr. Ponkett OF Adams, and passed unanimously
without DEBATE.
featuring interests appointed and after two hours
delbsraon reported series Of resolutions, Of which
the following H synopss:-.
Manufacturing Convention hold NJ Cleveland Ohio, IN
December lAH, In recommending the abolition OF All
5xaon on .ns Necessary aomsac industries ,o 2"
rst great movement should come from The West 9Th
the affirmation made BY the Cleveland Convention Of
hs a and Jus: Of the g, national
tage TO individuals or classes.
Having thus endorsed the action Of the Cleveland
Convention, the resolutions say further:-lhas the
profitable occupation are IN proportion 10 the
sysTsieSss19p Of productive employ and
as well as agricultural industry and commerce; that
notwithstanding vigorous manufacturing industry,
with increasing capital from Its SAVINGS the productive
power Of the country must tall behind tho supply or
necessities, the comforts for tho people diminish, the
compensation Tor labor be reduced the for do
endure endure TAI a1.on Be- ssrOusy essns In
ment OF these principles IL has been the policy Of all
modern Civilized nations to make such Administration
disposition and distribution OF taxation az would most
favor their domestic industries The taxation on necessary
productions in this country imposed WHOM the life "
70 preserve IL becomes when IL Is paid 70
sap the foundations Of tho industry which susans tho
material fe OF the nation Further demonstrated
by experience that the tax production has already
largely absorbed the savings OF manufaci urng In
dustry leaving insufficient for It's extension in
oroscnins upon capital Itself that il has materially
impaired our productive power and our capacity TO
purchase the raw material o. the sgculsura districts
ruin Of that diversified industry which has given pros
psrtty 70 the Uuitet 6tatea.v aaeI 7ss ID ciA
. re- Ths sss q ~
aSc. .ss sn
- NE wisdom and M % f01 due
psnaSrs. Of the and also fos such
condition urgently require
The resolutions were adopted By aocamation.
A memorial 10 the Senate and House Of Represents
tves road onbodyng suggestions ~ TO tho means
by which the end aimed At In the resolutions might bs
arrived A. This was also adopted ~
Fifty-one delegates to Warrington were then ap-
pointed carry out she wishes Of the Convenon and
70 urge upon the government their earliest conscra
ton. or these delegates four represent the wooen
manufactures six that Of cotton. seven that OF
paper one that OF machine card clothing two Of calico
printing fifteen Of shoes and leather three Of Watches
sx OF furniture nine Of iron and it, products and two Of
cutlery ~ rs.EweN s-E.T TX IS. 3D.
After the customary closing proceedings the Conven-
tion adoarnsd the utmost harmony having character
izcd its action throughout a. 81 Z