The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1869-09-28
W00NFIELD MONROE COUNTY, OHIO TUESDAY, SEPTEMBER 8 1869


of the receipts and expenditures of the
Federal Treasury, published in pursu
ance of law, for the three months ending
on the last day of June, 1869. 1t shows
the receipts to have been, from taxation
and sale of public lands, Sl09, 9,S49,61S
81, or reducing the amount collected in
gold from the customs (S44, OILS T)
to currency at 33k, per cent, the receipts
for three months were S124,521,22 80,
or more than five hundred millions for
the year at the same rate. 1t also shows
that in addition to this enormous amount
from taxatiorr there was realized from
loans S14,952, ,422 20, making a total,
for three months from all sources, in
currency, of one hundred and sixty whine
millions of dollars.
During the same time the eXpendi-
lures are stated for ordinary expenses
at S66,011, ,02o, or reducing the interest
on the public debsto currency, S15,lsl,:
1G9, and for payment on account OF
principal of the debt, $40, 22S,707, to
tai OF Sl26, ,34S,S76. This jugglery about
the debt l hardly comprehend. 1t seems
we borrowed forty-four millions, and
paid forty nine millions, leaving an ac-
tual payment of about five millions but
in order to effect this payment there
was an excess of revenues over expendl'
lures of forty five millions, and the Sec.
retary paid premium Of one million
three hundred and seventy four thou
sand six hundred and eighty dollars, OF
more than twenty filvepcr cent.
EXPENSE OF ARMY AND NAVY.
The army consists of $4,000 men and
costs s5O,000,c00 q year. The navy
costs So, 100000. Why do we need
these vast armaments For what useful
purposes are they kept up: And, if ii
is nece ssary to have so many men, why
should we have General and staff officers
sufficient for All army ten times as great
tits said I do not vouch for its truth
that Brigadier General sits in the ante
chamber Of the White House and plays
usher to the President An expenditure
of S15,O 100000 for the army and $4,000:
coo for the navy would be ample.
l said the taxation was enormous
Have not provedit 1 said ii was I'M
equal and unjustly distributed. The
last official statement Of the value OF
all property in the United States was
S16,000,000. The last official statement
of the amount of bonds outstanding is
S2,172,000,000. Taking these figures as
nearly correct, the capital invested ii
bonds is more than one-eighth Of tht
whole. We know that the only tax paid
by the bonds in five per cent. on the in
come. The income for that quarter
was $27, ,450, 400, upon which five PEI
cent would be Sl,S72, ,520-that is tt
say ,one eighth of the capital of the coun
try paid 81, 100000, while sevcn-eighths
paid S123, 100000. Active capital en-
gagged in business, requiring labor tt
make it profitable, supporting men ant
women and children, aud giving healtt
to the commercial and social system anc
liable to reyerses and losses, paid seven
teen times as much, dollar for dcllrr, a
the dead, inactive capital of the bond
holder, which, without labor and withou
loss, brought him six per cent interes
in gold
TARIFF.
But this is not all. OF the whole
amount of taxes thus collected for thre'
months, the tariff duties paid 81, 4,021,
S34 in gold, or s5S,695, ,445 in currency
Mr.. Senator Sherman, ] perceive, say
this is Just, honest, reasonable tariff
based on the principle of taxing luxurle
not necessaries-and OF furnishing
reasonable protection to American indus
try. Let us see:
Coral, pear. and tortoise shells are al
mitted duty free.
Canoes, diamonds, emeralds, garnet
gems and rubies pay a duty Of ten pc
cent. ad Falorem.
Bracelets chains of gold or silver, ear
rings. studs gold rings and manufactur
ed iewelry pay duty of twenty-five pc
cent.
CO hing, forty per cent. ad rdlorem,a ant
fifty cents pound in addition;
Hats and stockings pay thirty-fve pc
and fifty cents apound in addition.
Linen clothing pays forty per cent
gloves fifty per cent.
Sheetings tbirty-fve pet cent, and fian
nels and blankets thirty-ive per cent
and fifty cents per pound in add
ton.
Carpeting thirty-6ve per cent and fol
ty cents yard in addition.
Sole leather pays thirty five pc
cent,
Glassware forty per cent.
HatChets, chisels and brace-bits forty
five per cent,
Coal oil about thirty per cent,
Iron nails about fifty per cent.
Bar iron about fifty five per cent
Piy iron about sixty five per cent,
Tea pays sixty five per cent
Sugar thirty to fifty per cent.
And salt one hundred and twenty fit
per cent.
And this Mr. Sherman calls taxing IN,
uries and not taxing necessarles. jew
elry of the most expensive character pay
nothing, Or at most zen per cent. bl
hoes and spades aud hatchets aud nail
articles used by wor kingmen, pay thlrt
to fifty per cent.
A lace shawl worn only by the yer
rich comes in at twenty-five per cent,
worsted shawl worn by women who liv
by washing or sewing-I had almost sai
who die by washing or sewlng-2al
forty Per cent. ahd City per cent. fe
every pound Of its weight.
Diamonds S are admitted at twenty iir
per cent. ad calorem, but, coffee, and te
and sueat must pay forty to sixty fly
per cent. Every article of luxury is ta2
cd lightly. Every article of necessity e.
cry tool by which the. farmer, the M
chanic, or the day laborer plies his av'
cation, is taxed hoaTily.
TAX on WOOL
| And as if these were a special desie
,,,tl