New-York tribune., 1870-09-12

I C.c0Wp UI- SNnTe
Internal Revenue laws, honetly administered without
fear or favor the taxes faithfully collected brought
millions per month into the Treasury, for whch
The sentinel now attacks the Administration.
In the Custom service also Ghe Tariff there has been
detected and arrested And the Tariff laws thus
yielded millions per quarter 70 the treasury uhuer
| president Grant than under President johnson.
Look AT the following official statement OF the increase
Of receipts during the first Is months of President Grant
Administration (rom Mach 1853 to SptenhT ioW, a.
compared with the last Is months OF freSe
Administration from September 1867 10 March, ls1g
Increase N internal Beyelge % 30 -SI an
Increase sale Observation-Disclosures. l8l25l6
+g,aa,ss
Dea.e miscellaneous receipts premium on sur ,osr,m
plus gold ioE'ioi
Net increase IN all receipts
which has paid just that much debt Of course aud re
eyed the taXpay permanently of s5,IOOOO interest
Making all allowance for increase Of business does not
this prove that the Administration has been faithful
guardian Of the public interests committed TO its charge
Inc benefcent r. suits this increased flowing
vice. felt by the people in more ways than one
! PAYING THE PUBLIC DEBT-REDUCTON OF TAXATION.
First: While nothing was paid Onithe debt during Mr.
Johnsons last year the reduction under President Grant
has been constant and gratifyngly large Without any
of tho public burdens he has paid off over one
hundred and sixtynine and half millions Of our bonded
and overdue debt the first eighteen months Of his
! administrations and has permanently reduced the
nua interest he paid to creditors nearly nine mil
lions per year. Up TO this date TIE bonds ne mas pI
chased with surplus revenue have been stamped and
kept as Sinking Fund But me last congress orderoG @
airer way that they should an De destroy ca; now
and hereafter as purchased so that they should no
longer be in existence, even in "a cancelled form
Sc6ndiJ: With this healthy condition Of our finances,
Congress felt that large reduction OF taxation was MOI
| accordingly bill was passed reducing our Internal
at the rate Of oyer we 10000 Fer S anG m o ana I
year, striking off at one blow one NTH OF all our remain
lhg " ~ a. m hcn 81 the most sVVeepne charae
taTes are abolished, to take effect at the end
! OF the year for which they are now paid
refer to those on lawyers, doctors claim agents. lnsu-
manrfactners photographers apothecares, butchers,
plumbers, catnghOuses and hotels merchants dealers
1f every Kind excepting spirits and tobaccO The taxes
on sales with the above exception on boats and barges
watches on gross receipts OF Ialroads soano"a,S
expresses telegaphs ferries, bridges ana uplkeS, OIL
egaccs and successions on passports, ON receipts ana
or collected after the fst month. The Income
tax is reduced half limited 10 two years and the
exemption doubled, being 5000 in addition To All taxes
and interest pid losses and had debts, rents and re
p4irs and amount pad for labor thus removing It's bur
den entirely from those who are poor or OF moderate
means and requiring il 10 be paid at its reduced rate,
only by those whose income renders 1t easy 10 bear In
! alIcmuracng Internal Revenue system except the tax
spirituo9s and malt liquors, cigars md anp
several of these will disappear also before another sca
'IbpSg Annexed to the bill were sections altering
ana the main largely reducing the Isrh to take ei,
feet at the end Of this year Hundreds OF articles ust
a. raw material in our home manufactures placed
ON the LIST and nearly two nllOns OF duties thls
Tcmittcd, while industrial interests received a
bcaltbfui impetus from this relief Many Others, which
did NOT pay the expense Of collecting duties on them
pIaced on Bessemer steel instead Of the As per
cent ad yalorem which shifted IN amount iih %hIh
had varied in few years from $3.50 5Guol9 70
S55 per tun Ihe duty on pig iron ron NG WAS m lcTe
iron from s. to sG per tn Pepper and other spices an
fruits were also very largely reduced; Gomez was tc re-
duced from five To three cents per pound less rate
it was taxed BY the admlhisa5o' Masisn and Ui
Monroe rom lo to 1928, during which tine it wa.
taxed from four to iive cents per pound exeep, lev
1er pound less rate than the duties for the 80 years
lust alluded to- during which the tarif on tea was
ae cents sugar which has always been taxed in our
entire history, under all tariffs ana an Adh,hiS-
traons was also largely reduced, so much so indeed
that this one item alone including no.ss9s the Ie
ductOn amounts to S20OOOOO per year. as II does 10 20
per and other spices and 100000 on fruits Thus faith
fully fulfilling the promises Of the last campign we
and reducing taxation as rapidly as the national ia
viii permit even NJ az In te atiHn 81 tbe neo
pie and reducing the cost Of tea coffee sugar &c over
and i'm snite Of the opposng votes of the Democracy
Their reply to this arrgnmen of them for adverse votes
is that "a the details OF the bill dld not sut then But
this is q very old We heard it often during the
war They could not support because they
did not like all their "details" lhey carried
TX be I6I On t eond i NOT Vote in Con-
ress for any bill whose details were intended TO aid III
it, more vigorous prosecution. They decan against
taxation but cannot vote for any bill TO reduce it, They
talk bitterly too, about the debt but are not satisfied
with Gen Grants reduction Of It, They denounce the
interest which it bears too high but vote against any
funding bin proposing honestly TO reduce it. They
ebe hut are constantly wrecked on the detais." SO
shall 20 with "details" Of own, in the work Of
essenng the debt diminishing its interest and steadily
reducing taxation, from year 10 year. without their
help and AGAINST their opposition M
FOdTly We have about SiOO0O0,0O0 OF Teenbacks and
fractional currency When President Grant naugu-
rated gold was al premium OF s.; so that these 400,
OOONO OF paper dollars in the pockets Of the people,
Were worth about S000CO00O in gold. Before the Euro
pean broke out, gold had declined here in
QeDCe OF improved national credit, TO no. making
these 900 Of greeDbacks and fractional currency
worth to the people S3G0OOO00 In gold. And this
addition 10 their value and their purchasing power
derng the people who hold them and use them cur
rency that much better OIL is fairly to be credited 10 the
! Administration.
| REDUCTION OF EXPENDITURES.
] FinaIy: The National expenditures have also been
largely and steadily decreased from the day President
Grant took the oaths of office. The year ending July
| 1863 Qarty JobnsOD's term and partly Grants, they
| were t5GCOOOOO less than the previous year. The
| year ending July, 1870, they wero s29,OOOOOO less
! Than In 1909. And the present year. ending next
July, they Will DC from Sl5OOO,O1 10 s6,eJOOD0 less
| than the fiscal year just closed. And here |
| special dispatch OF The Cincinnati Enquirer, dated
Washington, june 80 1862 which proves out OF the mouth
OF an enemy how promptly this Administration com
mehced the Work OF reducing the expenses Of the Coy
| ernment:
" aa year closed to-day and an Of the oH appropriation, e.
uODA lhe result that hundred today removed
Nearly 20 Sere 10 & Treasury aud 50 Department
And this retIenching work has been steadily pushed
forward ever since In every department OF the Govern
ment. Internal revenue officials being reduced and
when the recent reductions take effect their uubeT h
10 be still further essened districts be conoldted
and the expenses Of that branch Of largely cur
tailed.
will not stop 10 make a balance sheet; but an Admin
istraOn that, without any increase of taxation can in
crease the receipts Of National Treasury under the
| tariff and tax laws, over ssOCOO.OoO In It's frst
eighteen months over the amount collected BY lie pIele