, 1870-07-15

Total reduction proposed 81. ~, ,ss6
The reductions made in the tariff are as
follows: Tea, Is cents Per pound, in
"tead of IS; coffee, cents per poand, IN
cad Of S; sugar, II to cents, instead Of
to cents. Taking the amount of these
ticles imported in 1868, The reductions in
venue will amount to about as follows:
ca, IS, 7s4, ,3G1; coffee, s4,959, ,e7s; sugars,
about s11, 000, ,0O0, or an aggregate reduc-
tion revenue, SO, 764, 03o. Theothsr reduc-
tons are e. per ton on pig iron. or about
$SS4eO, 600, and the changes IN the taxes on
spices may amount, perhaps, to reduction
of S1OO, COO of revenue. The rest Of the
bill provides for large INCREASE of taxa
ton, but not for revenue The taxes on
steel, corsets, hemp, fax, jute, cotton, bag
ging. hair cloth, crinoline cloth, hair-pins,
silk and dre1s buttons, nickel and German
silver, 1inseed and other oils, cotton
threads and yans, are all increased,
Ind some of them heavily, but
not for the purpose of revenue, but
for the benefit of particular persons and
companies. OF these increased taxes we
will speak more particularly when we get
the bill IS it passed. It is safe, however,
to assume that for every dollar of tax re-
moved for the purpose Of reducing reyanue,
there has been dollar, if not two, added
On other articles for The benefit Of privi-
legged persons and corporations
The aggregate reductions of revenue un-
der this bill are:
Sugar. tea and Coffee. ---.sf9, o39
zig Iron -..--.-..-..-.....-..-.-.-.- 51'M9
-plCSt...-s-- ---.--..s- ..-..s..-...-..' IupsVu9
Total on imports. -, 90, ,0s9
!ctal internal revenue. altaAlsase
Total tax repealed 6S4,4 AS
The repeal Of these taxes involves q loss
Of that much revenue, less the duties on
the increase of the imports thus relieved.
It is possible that the impo -tation Of tea,
coffee, and sugar may be increased by this
reduction Of the duties, and thus sure to
supply part Of the deficiency in the reve-
nus from that source The same my be
the result in the case of pig iron, which re-
duction viii be relief to the whole coun-
tV,. .-....-.......
The repeal Of the S51, ,0oo, 900 of inter.
nal revenue taxes is equiSalent to adding
that much annually to the means of pur:
chasing IN the hands Of the people. It Is
leaving that much money with the people
to purchase food and clothing, to pay
wages Of labor, to make Improvements,
and pay the cost of living. Being no longe.
needed by the government for revenue, il
is a surrender to the people Of that much
of their earnings, heretofore conRscated,
and is, therefore, to that extent, dircc'
relief,
The present fiscal year commenced OF
the list Of July. The reduction in the ta'
on tea, coffee, and sugar, pig iron ane
spices will not, as we understand it, g.
into operation until January, 1871, 80 one
half The year will have expired The tane
on sales continue until October, license
until May, 1871, and the taxes on gross re
,eipts, &C., cease On the 1st OF August
The reductions, therefore, Will not, IN tn
aggregate, apply to more than three fourth
If tho fiscal year. The Eurplu
:evenue of 1ses-7o is sos, ,ooo, 900. 9h
reduction of taxes by this bill, if put a
the whole amount, Will leave surplus mex
year VI V1-3VUV.VVU. 10 hA4a uuns ~
added, say, $4,000, GOO Of those taxes col
lected, and to be collected, during the pres
ent fiscal year, g., ooO, 900 from the add
tional returns Of TAXABLE incomes; SIS, ,0o0,
900 from duties on the additional ten, coffee
sugar, and pig iron imported under thenes
rates; and Sl0,0OO, GOO from ageneral in
crease of the business and production O.
the country. These, in the aggregate, vii
amount to surplus, az compared with th
revenue and expenditures Of the year JUS
closed, of s5e. 100000. This sum nigh
have been eight OF ten millions greater, hat
not Congress wastefully and recllessl,
squandered that sum in building useles
fortiAcatious, buying useless canals, diggin
out impossible hafbozs, snd trying to max
dry streams navigable, and other sin,ila
schemes and jobs But that surplus, if NJ
piled to the payment Of the nadonal deb
win be ample for any proper e4penditut
for that purpose in any one Tear-
We are Informed that our Census Mn
shal is not taking the pains he ought
collecting the returns of our population,
friend states that, in Popes Block, thrt
families, of four persons each, have NJ
,een called on, OF enumerated, and We hel
he same complaints from other quarter
rs L. -.rr,r kS,-,J4-a Y,a,-eonE in A ElnY