The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1870-09-16

agents, sconveyaucers, architects, man
facturers, photographers, apotheca-
ries, butchers, plumbers, eating
houses and hotels, merchants, dealers
of every kind, (exeeptiDg spirits ana
tobacco.) The taxes on sales, Wild /
the above exception, on boats aud
barges. on watches, on gross receipts |
of railroads, steamboats,, expresses, |
telegraphs, ferries, bridges and tu-n- |
mixes. on leRacies and SUGGESTIONS, on !
passports, on receipts, and on all notes
under 500, are not again to be levied |
or collected after the first of next !
month. The income tax is reduced |
one half, limited to two years. and the |
exemption doubled. being $2,00O IN |
addition to all taxes and interest paid, |
losses and bad debts, rents and repairs
and amount paid for labor, thus re-
moving its burden entirely from those
who are poor or of moderate means.
and requiring il 20 be paid at its re-
duced rate, only by those whose income
renders il easy to bear. ln fact. after
this month, nothing viii remain OF
this once all embracing Internal Kew
enue system except the tax on spirit
uous and malt liquors, cigars and
tobacco, national banks. gas, incomes
and stamps and probably several Of
these will disappear also before
another fiscal year has passed away.
Thirdly, Annexed to this. bill, were
sections altering, and IN the aggregate
largely reducing the Tariff, 10 take eff
feet at the end of this year. Hum.
dreds of articles used rs raw materials
In our home manufactures, were
placed on the free list, and nearly two
/ milIionso Of duties thus RENTED, while
our industrial interests. received q
healthful impetus from this relief.
Many others, which did not pay the
expenseF of collecting duties On them,
were also made free. A specific duty
| of $28 per ton was placed on BesslEIer
steel instead Of the 10 per cent. adva-.
loren, which shifted in amount with
every fuctuation Of The European
/ prices, which had varied IN q few years
from $3.50 70 $55 per ton. The duty
on Pig Iron was reduced nearly
twenty-five per cent, from 50 to ~
/ per ton. and Oh scrap iron from 81 to
l IS Per ton. Pepper and other spices,
and fruits, were also very largely re-
| duced. Coffee was reduced from i've
10 three cents per pound, q less rate.
4 than Il was taxed BY the Administra-
tons OF Washington, Adams, Jetfer
son, Madison and Monroe, from 1880
To 1923, during which time it was
taxed from four to five cents. per
Il pound, except few years at ten cents.
Tea was reduced from Is to ID cents
i per pound a less rate than the duties
/ for the 3s years Just alluded to, DUR
ing which the taxiff on tea was from
18 to % cents per pound, except a
few years at 36 cents. Sugar. which
has always been taxed in our
entire history. under all tariffs
and all administrations, was
also largely reduced, go much
SO indeed that on this one item
alone, including molasses, the reduc-
ton amounts to twelve millions per
year as il does to five millions on cof-
Tee. four millions on tea, over one
million on pepper and other spices,
and half million on fruits. Thus
faithfully fulfilling the promises of
the last campaign, we shall go on in
the future with the work of "equaliz-
/ ing and reducing taxation as rapid
1 u as the national faith will
4 permit even if, as In the
/ present case, we have to pass
these bills abolishing internal
taxes Of the people and reducing the
cost of tea, coffee. sugar. 90, over,
and in spite of, the opposing votes of
| the Democracy. Their reply to this
arraignment of them for adverse votes
is, that ''all the details of the bill did
not suit them. But this is very
old excuse. We heard it often during
the war. They could not support
war measures because they did not
like all their details They carried
New York in 1862 on "the more Wig
orous prosecution of the war" but
could not vote in Congress for any
bill whose details were intended to
aid in its more vigorous. prosecution.
They declaim now against taxation,
! but cannot vote for any bill to reduce
Fit. They talk bitterly. too, about the
Debt. but are not satisfied with Gen.
/ eral Grant reduction oft. They de-
nounce the interest which it bears as
too high, but vote against any funding
bill proposing honestly to reduce it.
They spread their sails to catch favor
BILE breezss. IL possible. but are com
family wrecked on the "details" So
we shall 20 on with "details" of our
OWE, IN the work Of lessening the
Debt, diminishing it's Interest. and
steadily reducing taxation, from year
to year, without their help and against
their opposition.
| Foartkly. We have about four hum
bred millions of dollars of greenbacks
and fractional currency. When
! President Grant was inaugurated,
gold was at q premium Of 81 33; so
that these four hundred millions Of
paper dollars, in the pockets of the
people, were worth about THREE HUN
DRED MILLIONS In gold. Before the
European war broke out, gold had de-
elined here in consequences of our I'M
i proved national credit, 70 81 10;
making these four hundred millions
of greenbacksa and fractional currency
worth to the people over TIRES HUN
DRIED and SIXTY MILLIONS IN gold.
And this addition to their value, and
their purchasing power, rendering the
people who hold them and use them
as currency that much better of, Is
fsirly to be credited to the adminis-
tration. IA
/ FgfKly. The National Expendi-
lures have also been largely and stead
lily decreased from the day President
Grant took the oaths of Office. The
year ending July, 1869. (partly John
sons term and partly Grant's,) they
were SOC, GOO. 600 less than the previ-
Gus year. The year ending July, 1870.
they were $29, O00.0 less than 1869.
And the present year ending next
July, they will be from 5000, 600 to
SIG. GOO. 900 less than the fiscal year
just closed. And here I must not
omit this Democratic testimony from
the special dispatch of the Cincinnati
Enquirer, dated Washington, june 80,
1859, which proves out of the mouth
of an enemy how promptly tnis ad-
N ADMINISTRATIONS commenced the work Of