The New York herald., 1868-06-02
NEW YORK HERALD TUESDAY, JUNE 2 lses-TRPLE SHEET

changed must necessarily be predcated the basis
or the aggregate receipts OF the current fiscal year
less the amount OF taxes abated or repealed during
tne present session OF COngresS-or $3.50, OOO, 600
ia tue present state OF affairs is wholly exceptional
cannot be doubted; neither does 1t seem possible
nat fraud and neglect can again reduce the receipts
rom those TWO great sources OF revenue, distilled
| spirits and tobacco, TO SO small minimum as the
returns OF the present fiscal year have exhibited
the estimated receipts from distilled spirits
nar Ior the su current fiscal year being less by afy
the preceding fiscal year. being $29, Isl, 900
IN 1857 as compared with an estimate OF sla ,o00
III 1905. VITA the passage OF the amended law
very considerable gain In internal revenue from
oter sources Is also reasonably certain, especially
irom the tax on the sales OF manufactures, and the
modification of the other special taxes The esti
mates OF receipts and OF internal revenue from va
rious sources, as predcated on the passage OF the
amended law reported by the Committee on Ways
ana Means, may be estimated as f0llows:-
Fermented liquors. ACKNOWLEDGEMENTS. $4,000, ,0oC
Gas and refined petroleum (reducedl $500, ,OOO
Incomes and salaries observation-disclosures. 49, 600 00O
Gross receipts ...................,... 1850, ,00C
stamps. ACKNOWLEDGEMENTS. ....... 1900, ,00O
Legacies and SUGGESTIONS ns............. 1000, ,000
bank dividends circulation and deposits. 10 900 600
fines ana penalties s.................... 146D. 900
miscellaneous schedule, &c. ,OJO
Special taxes, exclusive of the special tax
es on the sales OF disiers and rectihers,
ana inclusive OF taxes on sales. 25 000, 900
Total. s1l5 560 900
The receipts from distilled spirits during the last
nscal year ending June 30 1857 were 500 l51 40 and
from tobacco and cigars SI9, 7o5, ,s27
with the passage or the amended law 1t seems I'm
possible, even with the continuance OF O defective
administration, that the receipts from distilled
spirits for the next fiscal year can fall short OF
,00o or from tobacco OF $25,OOOOOO. Assum-
then the gross sum OF $2l0 500, 900 the receipts
from internal revenue which may be reasonably an
icpated ior the fiscal year ending June 80 1862 on
the other hand, II we fail to any increase OF
revenue from distlll spirits and tobacco beyond
what was secured during the last fiscal year, the
receipts OF the next fiscal year cannot be estimated
at less than $164, 900, 900.
From the sale Of public lands the revenue for the
current year-viz., 81, 000-will undoubtedly be
continued.
Fermented liquors. gas and refined petroleum,
gross receipts stamps legacies and SUGGESTIONS bank
ties, miscellaneous and special taxes substantially
the same as during the last fiscal year.
Miscellaneous Receipts
For the revenue receipts from miscellaneous
sources e., premium on gold, sales OF property,
consular fees &c.we adopt the estimate OF the Sec
retary OF the Treasury in his last annual report
viz, $50, 10000,
The receipts from miscellaneous sources, exclusive
OF the premium derived from the sales Of gold coin,
Tor the fiscal year ending June 80, 1867, were
$3.50, 0Os SO.
For the first three quarters Of the present fiscal
year. or from July l. 1867 to March 81 1868, the re-
ceipts from miscellaneous sources, other than the
premium on gold, were Sl94l5, $50 or at the rate OF
25sS7,0oO for the entire year. These receipts were
In great part derived from the sale OF military stores,
vessels and other condemned property and are Cer-
tain to be much less in the future.
During the last ten months the amount OF uneX-
pended acquisitions and sales of property covered
into the Treasury from the War Department amounted
TO $S,9l2, 500.
recapitulation of the foregoing estimates gives
the following the total anticipated revenue for the
next fiscal year,
customs. Sl65, 900, 600
Internal revenue. ACKNOWLEDGEMENTS. 2l0,56O000
ruoilc Lands OBSERVATION-DISCLOSURES. 100000
Miscellaneous. ....................... 30,000000
Total. tal.......................... s4O6, 500 900
Supposng no increase of receipts from distilled
SDlrits and tobacco rpcpiuta
year ending June 30 1867 the above estimate would
be reduced to $3.50, 100000.
Estimate of expenditures for next fiscal year, be-
fore submitted, $685., 800 629.
Balance to account OF surplus revenue, S2S, ,239,371
Mr.. SoHENcK went on to say that including boun-
ties, including appropriations yet to be made or
likely to be made. including all probable expendi-
lures OF the government he had arrived at the con-
vlcton that II this bill becomes a law and il the
nue. derived under 1t from whiskey should amount
to 900, the receipts Of the government for the
year would exceed by S43 600 600 all needed expen
ditures. The government would be able to pay
bOunties, to pay the interest on the public debt and
to pay all other expenses and come out with that
Schenck thanked the House for the attention paid to
his remarks. He ntimated his intention to leave the
matter open for general debate for the remainder OF
this days session and all tomorrow, and to ask that
the bill be taken up for regular aud continuous
action from wednesday next.
The CHAIRMAN reminded Mr.. Schenck that the
Ohio contested election case Of Deano and Morgan
was to be called up for action tomorrow
Mr. KELLEY congratulated the Committee OF Ways
one doubted that the amount OF spirits distilled in
the country this year was at least hundred millions
revenue produced was only S13,OOO,0OO. One house
10 Philadelphia he had been tod by the Commis.
had received tax from the whole State Of Pennsyl.
vania and yet New York in the extent Of whiskey
frauds overshadowed Philadelphia. One Of the Inter-
nal Revenue officers In New York had accumulated in
short time two three millions OF dollars. He was In
favor Of reducing the tax on whskey to at least fifty
cents and he should rather favor reduction 70 forty
IN had ba
comforts ana interests oil the people would be re-
duced.
The Committee then rose.
THE wAsHBuRNE-DoNNELLY AFFAIR.
Mr. POLAND, from the select committee on the
Mr. Washburne had Withdrawn all charges against
Mr. Donnely OF bribery and corruption and all
charges anecting his character and standing q
member; that Mr.. Washburne had raised the ques-
ton that the committee had no right to inquire into
the other charge affecting Mr.. Donnelys history be-
fore he became member; he was not the prosecutor
truth nna offered Of the nrSys tina that M pSnney
but that the committee took the view that the actions
OF members before being elected to Congress were
h has na S
on the door The committee, therefore, asked to be
discharged from the further consideration OF the
subject.
Mr.. DoNNELLY the report having been read) said
he could not express the views he entertained OF IL
because the gentleman from Illinois was not In the
House and the country to the fact that that gentle
man had unequIvOcally retracted much OF his
charges as he would be compelled either to retract
or to prove
Mr.. POLAND interrupted and said be had not ex.
pected any debate
After some further discussion on the point Messrs.
MAYNARD, Burr and Poland objected to Mr. Donnellys
proceeding with his remarks, and the report was
ordered 10 be printed and recommtted.
The House then, ut halfpast i've O'Clock, adjourned
THE TURF.
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