New-York tribune., 1868-03-18
XLTH CONGRESS-IID SESSION.
srNATE w,snIyeroN. Mareh u, b

Samuel Pierce enanted December 1s44 Committee
! Patents MI. CHANDLER Rep. McbJ presented the
petition Of citizens OF Michigan for the REDUCTION OF the
LxrENsfs OF the GoyTRSNENr and OF taxation. Mr..
CAMERON Rep" Pennj-The petition Of citizens Of Phil
adelpna, 81 a similar import. Mr.. TRUMBULL drp, I)
The petition OF citizens of Illinois, OF similar import
! All 70 the Committee ON Commerce. Mr.. HOWE uep,
wis)-The petition u tine Legislature OF Wisconsin pray
ing for an EXTENSION or TINE in relation TO certain
lands granted railroads. Also asking appropriation
| for HARBoR IMrRoyETENTs. Mr.. EDMUNDS uep, VT
rose 70 Person EXPLANATION and said that the Joint
Committee on Retrenchment had seen with surprise
@ ~ i ~ CoteF sv on the subject Of frands i'm the
distllation Of whisky. The report was made on the
| Mr. RAMSEY Gscp Mimi reported. with amendments
bin to establish an ASSAY OFFICE IN IDAHO MI PAI-
tme Of Sodpg The District and Circuit COURTs Of the
United States In TENNEssEE which was passed: Mr; c
Army Appropriation bll also, with amendments en- niii
3aapG pepapmcn pM NJ pcHANDLER W REP Mch introduced
bill to amend Section OF an act to prevent FRAUDS
MGTsh GGS E c SLyfEU Mr. MoRToN S ep % nd 6 70 regG
late the salaries OF Registers and Receivers 1s OF Laha
to public lands Nj. WILLIAMS rep oregon, bill 10
provide temporary GoyERNM.Nr for rhe TEsEIT2kf 81
RTiTIsE certain NAVAL CoNTRACToRs, which, after dis
CUSTOM at the expiration Of the morning hour
Mr. sHERMAN rep Ohio called mp the House bill to
exempt certain manufactures from Internal tax. tax
Treasury estimates in regard 10 Internal Revenue st-
flying he said, the reduction of certain amount OF the
Internal tax There being surplus Of receipts over eN-
pendures Of s7OO0OO0 ssOO000O, IL s proposed to
repeal first the taxes on dome.tc productions p He
eminent In which he said he bad pot lncgded inc large
amount involved act recently passed giving boun-
ties to the widows Of deceased soldiers the C0mttee on
Finance having instructed him To report o rlts re-
peal The fiscal estimate was s5j 135,loi whlch Ton
GIess might reduce rom fl9Coo0 10 sSo'oosVyO.
Ne detailed from the estimates Of tho Secretary OF the
Treasury and Others the probable revenue Tor the coming
year among them the estimate OF fOOOOO for spirits by
Mr. Rollins, for which he would not be responslbe as
last year Government had failed TO collect more than
s2so0OCOO Deduetng the feNenue from tne ngneit esl
o expenditure he estimated that there would be
OF the expenditures were s2 for bountes
which rather In The nature OF dept than part OF
from the current income lie reeited the articles eX-
cepted from the exemptions OF the bl which ne sald
would result in % saving OF upward OF S0OO0 leaving
the deficit little $l30O00OO The House had re-
ieyed these articles Ground Coffee ana as su9sututes
Refined Sugar Jewery. &c. the ground that IL would
otherwise be necessary 10 retain all The machinery for
the collection Of these at uIusabe expense
The Committee however had asccTtancd from the Com
missioner OF Internal Revenue that the collection OF the
tsxes on whisky tobacco, c In all the districts neces
stated the employment Of collectors aud the Committee
had therefore concluded 10 retain these taxes Inc
House had contemplated making MP the deficit by an III
crease of the special tax aud therefore left all questions
of detail until that should be done; but the Finance
Committee had thought 1t better IN the unsettled
state Of the country 20 tx the question at
once. ana had therefore reported an amendment
taxing wholesale manufacturers onett OF one per cent
Oh amounts over tlOoOO which would yield enough TO
the entire deficit named He had reecvcda letter
from the Secretary of the Treasury demonstrating against
the repeal of the tax on manufactures as calculated 10
leave large deficit and as prop9sing TO throw Oh Se; &
To the amount Of S0oo0O based on tle assumption that
the articles exempted by the House bill would Yield $780,
cac AID referring to the report Oh te Iase
namely, <ii6223679 deductng s1sl52sJ2 Tor tax re-
taiued BY the House bill. would leave sur
plus Of Ss7ilosil, and the articles exempted
by the House bill consisting Of tobacco petroleum. &c
yielded s26i 500 leaving over sS oOoo added 10 Ni,n
the s5O0oG0 and over OF the cotton tlS l.peaeu
The faCy OF the reasoning could be seen III the taet tat
without ths o ne i ~ q go s 90 @ o sS o 600 Inder
the law as 10 stands $50 s2 had been collected In half
The rate of upward of sil 100000 year The b of last
year repealed than half Of the internal tax lie
mates ne had named would be maintained. but he be
eved that the public good demanded the repeal OF this
course indicated by the Committee followed, all OF
that surplus would bc left Congress would be derect
10 win The REDUCTION of taxation;
ana II they did resist the various propositions for in
creased expenditure there would be no alternative Dut
made any bill In future 10 Increase the expenses Of the
Government ought 20 be met by proposition
10 make an adequate Increase of taxation.
air. sHERMhN offered an amendment as an additional
allowance drawback shall be made on tho exportaon
any article OF domestic manufacture on which there
s no internal TAX ana no Clalh ioi udWD'cAs Oh any II
tcle exported since June 90 1916, shall be
allowed uhl,s5 PusGH,'G PusGGHt - 70 70 nh o I'm t tirpa
Internal EeNeuue, Wthlh thIte months IIoh tHe uule
when this act takes effect This was agreed to.
Mr.. sherman offered another amendment as AN
ration manufacturing by hand or machinery any descrip
Who shall put up Tor sale under their name or trade
mark such article shall pay 81 for $1,000 worth sold
OF Internal Revenue the amount sold in excess OF $4,000
on which the tax shall be assessed aud paid monthly the
eare a. other taxes. This also, WAS agreed TO.
Mr. MORRlLL Glep, w offered an amendment, whose
effect would be to leave the tax on OH sugars the product
OF sugar cane, eXemptng only lhc.e produced HOm
80 HE CHAIR ruled the amendment ont Of order
MIR MORRILL, while he considered the presentment OF
r his biIi he receipts would oqua the expenditures
whisky II was tax that would not be collected until
men became ~ pure az angels IN We could enforce the
collection the then the production OF the article
would at once be stopped 50 that IL was absurd to sup
pose that we collect any such amount lie argued
from information received from the Internal Revenue
Department that the estimate Of receipts from incomes
II 1i5S iS' fTSm fTU scoo 70 500 would cut or half Of
those that would pay any income tax and large reduc
ton would result nom the decrease W the tax on incomes
over 5000 from ten per cent to Ave- The general doprcs
sion Of business TOO would largely reduce the amount Of
income II would be disastrous 10 pass bill which would
not bear critical examination Our creditors at home and
abroad are ana mo % ar not - se tS bG
mistake Of passing bill. reducing toxatOn when cxpendi
FOUND thai wScne5er bill PROPOSING Increased GSpend
turcs here enough always ready TO H.
and e % senate Mo %n adoS T OF thirty or
forty millions Of dollars was the submlty ofhumbnggery
lie was almost persuaded 20 vote for this bill In the hope
that the proposed bill from the House would be received
here and acted upon In season 10 so into effect before
September He hoped that the bill would lie passed upon
al the earliest moment and that his amendment would be
adopted II II not the duty foreign cigars would
Mr.. STEWAIT Hscp., y. " thanked the Finance Com
mlttee for boldly starting on the path of reform lie
believed the proper policy 10 be to reduce the taxes as
far as possible and consistent With the expenses Of the
Government.
Mr. VAN WINCKIE rep, W. Va) offered an amend
mcnt providing for reduction Of one half on the tax
ON the products OF petroleum bumin0us substances.
This article he said Is not luxury article that
encourages immortality. The tax Is $50 per cent com
pared with the cost Of praducton-as high as that on
whisky. .. .
Mr.. CAMERON (Rep., PENN supported the amend
MIR MORRILL, rep, VT opposed the amendment on
the ground that article could bear tax better than
MI SUMNER rep, Msss( said that Senators should