The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1870-07-08
DOWN WITH THE TAXES.
What the Revenues Are, and How
Much they Could and Ought to be
l....ItT

age OF Offices for collection and disburse'
ment, the accumulation Of reserve funds
which make the treasury the master OF oil
markets, and the work actually or appar-
emily done by the Government, from pay
ing off tho public debt down to tho small:
est details Of service in the army and
navy, arc all greater in proportion to the
taxes collected.
But that any representative Of the pco.
ple, who Is fresh from their oppressed
lives, their hampercd trade, their docked
comforts, and who secs that the lite-blood
of the nation Is drained daily into IN
already bursting treasury, should tolerate
the notion Of continuing this process, is
not reasonable or natural. It's q plain
fact that the country stagger in It's pros.
pcrity under It's burden Of taXes, and must
have relief Tho occasion Is not one which
calls for halfway measures. Tho rcllol
must be as great rs can be afforded with
out impcrilling the public credit and
safety; and Is equivalent 10 saying that. 1t
must be fur greater than either the orig
inal bill Of Mr.. Schenck to reduce taxa
tion, or the Senate amendment to the
same hill, cOntGmplates.
These facts cannot be concealed from
the people. The Internal Revenue du-
ties for the year ending yesterday have
been almost exactly S199, 100000. The
customs haYo yielded in gold rather more
than $170,O00,000 The miscellaneous re-
ccipt of tile Treasury have been $50, ,OOO,-
600, chiefly from sales Of public lands, and
from the premium on gold sold in New
York. Thus the revenues Of the Govern
ment for the last year have been more
than $3SS,0OOO00. The necessary cur
rent expenses of the Government are nd.
mitted not to exceed $40, 900, 900, and
will probably be reduced decidedly below
this sum for the fiscal year now beginning.
The interest on the public debt, not in
Guiding the bonds now owned by tue
Treasury itself, is but $110,400,00O. II,
therefore, tho revenues Of the Govern
ment for the next year should be but
$250, 100000 tho Government could meet
all lis obligations. Tho customs duties
might be reduced by $50, 900, 900, and the
internal taxes by $75, 100000 besides, and
even on tho basis Of the last years IN
come, the Treasury would have surplus.
~ e.t al, CS,,,,1,,, ,,,o,,td Io a yor,,
put ID lac', tuG SURPLUS ts,,o1 Tou.o s,o,,tT of ~
large one loE tho hEs.O"i N,,. omsn " nar nr
rcYehus, WHEN - "u IL n'e oox,,,H,IpSI, " -" FL,
cth1 ~ ",Ilul, VILE Mxu ~, 70 tio,n T%o
effect on industry and trade would be as
decided as if u productive capital capable
Of yielding $125,000, 900 per annum were
suddenly added TO the resources Of our
people, "nu .nu S,oS; .hic ,vpnIJ in
tiGn 1uT ,io,a. T9%IJ ,rd,,IJ rn;oa Tho revennca
evlaD!y iTlOw, mVW "at;Sa,o. oT ~, ny ,Sh;ch ron.
laE DeyonG any .:,, cS.nn luo,,id W ,ortnro m ~
seEShti'e ,1s W ia I,r5o,S - tho oreot
men ItIH " e'is ."aoo;,, uIGSt u ,i,o oo,,5tr,,
Nauonal DsDL ss lp9 T. /. tr,o @ % tSot Tc
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aIe taNeu S4SU,V1y,TVV sI S,S't M no ore torad
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Deslues ~ ac LMII % rOJ,Soo to ioGi ~ ~
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osesI unu GuioyS ~ ts TreaS show.
ron tne oecLeu a., All So >, 1Sp
ca tnSs tnc WY ~ III TnG1so5 1Sv ! SGS :voIi
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