The New York herald., 1868-01-08


chooses 70 employ his wealth BY occupying tensmsnts
and ornamental lands whose rental value ne repre-
.sny: Of .: property that ~ ~ such rent, y -.
luxury. and taxed accordingly.
was Sloo94, ,7ls and the receipts from this source
likely 70 increase under almos any circumstances,
5. :oD.Sss.d = Moderate me- II. present
legitimate revenue from stamps ought 70 bs 1t least
twenty-five mlionsof dollars and would os we're nos
sncs with the requirements Of the law, and BY non
cancellation and Of them. These two mshods Of
fraud may bs greatly checked BY providing for close!
henceforth ali revenue stamps shall bs printed in fug-
Earops-ssd Thai some common and saectivs method
of cancellation be made obligatory for al stamps exceed
ing een n ots.ss snd %
men, having fixed place OF business Recognising the
aeoessiss OF the department in this latter particular,
several most ingenious inventions and devices, mechan
cal and chemical hsvo been submitted, and IL seems
probable that at no distant some plan can be adopted
by Treasury which will render the successful reuse
OF q stamp once cancelled all but impossible
Az the Law now stands receipts for the payment OF
any sum Of money OF deb, aIsssdns s IN am amount ~. are
does not prescribe definitely whether the stamp shall be
affixed or cancelled BY the maker or receiver OF the
receipt II believed that tho obligation was made
definite and imperative upon tho maker some increase
OF revenue would accrue aud some cause Of isundsr
standing be obviatsd As tar OF this character more
over. is mot onsrous, does in any degree impede
industrial production and yields considerable revenue,
1ona us inc % S s 80 sSdsS
to make all receipts In excess OF $40. In place OF 80
iisbs to stamp duty.
taxes the Commissioner would take occasion 70 say that
his object in dong Ia not desire 70 absolutely In.
the internal but TO insure to tho govern
ment such an amount Of revenue from few unob-
eoonabo will allow Of the removal Of those
taxes which uBquestonably impedimen In the de-
LsaAcIas AND succEssIoss
The receipts Of revenue from taxes on lsgaoiss and
SUGGESTIONS $ S6l 429 have increased during the past
about $700o but s clear that tue govern
men does nos yet collect from these sources more
than one-haf Of the amount TO which It Is rightuly
entitled With Q view OF insuring more perfect col
lection Of these taxes, the appointment OF special
ofnceB charged with ths execution Of this por.
ton Of the Internal Revenue Acl would seem 10
be desirable intelligent and careful supervision
OF the transactions on wnea these taxes arc pasea
fiscal year revenue OF may DO safely counted
upon from these sources.
TAXES on GROSS RECEIPTS, BANKS, ALARns AND MIS-
CELIANlOUs.
Tho revenue derived during the last nsca year from
the above several sources wss as fOll0ws:-
From taxes gross receipts (under which
head are Included The receipts OF Telegraph,
express and insurance companies, the pas
sengcr receipts Of railroads, steamboats, and
stages, Of lotteries and thoatres and FOR.
merry Of advertisements. .............. ~ ~. U9
posts. ....................... $780, 3ss
From tax on salaries. es.................. l,0l9, 992
From Miscellaneous taxes, VIZ. from billiard
tables, carriages. watches, &C., also from
passports ............:.......... 1oSS Soy
From hnes penalties and fortetures. 1459l
Making an allowance for The repeal Of the tax on
ADVERTISEMENTS and some Other possible dehcenciss
will be expect that substantially tho
Same amount will continue 10 bs drawn from these
sources In the immediate future
The whole collected from theatres, museums,
opera halls account Of the special tax Of
500 imposed on the same. during the last a,cai year.
SIS, 146 which amount would indicate the exist.
ence OF about one hundred Ambiguity establishments
Of this character In tho United States Tho amount re-
ceived from the Of two per cent on the gr0ss re-
ceipts Of such Establishments $l94 O3o. by sub
sttuing In place this latter tax fxed sum for each
performance, to bo paid by means OF permits sold BY
the collectors OF the several dsric under proper re-
strctions by increasing the gross receipts to
four per CONT the annual revenue from this source
could, IL ID believed. be considerably Increased.
COTTON.
As the cotton ana the In favor OF ts 70.
peal have been considered in o recent special report,
any further detailed TO this subject Is here
omitted. II tAs Commissioned however, IN now adyo.
eating the repeal ot o tax for the imposition OF which he
was formerly earnest. should seem 70 have exposed
himself the charge Of Inconsistency, he would say In
he should ultimately rgut than that he should have
been consistent; and secondly, that the argument
which Legitimate IN favor Of the tax when cotton
oon.,U,ed Da, fraction OF the pansos proat sn.roy
Of application when the price Of cotton has become
greatly reduced that the tax necessarily falls upon
capital
MATED.
II will bs remembered that according TO the estimates
heretofore OF Expenditures and receipts from
customs remained 70 be provided for from inter-
sources the sum OF 3l70 600 O00 OF this
amount It believed that the above referred 70
In detail may BE- relied TO furnish 900 600 under
almost any contingency. without the necessity OF the
further continuance Of single one Of the socaled In
dustrial taxes.
the receipts from these several may BE- rscs-