The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-02-08
FROM WASHINGTON.

,l
Hooper. '..''' ,'' a.trl The 81 inst. in re-
Ways ~" A," rehabilitation enclosing a reSo-
ply 10 NJ 'an,nmiitee requesting the
lu,ion +" va" !, writing upon several
secretary '" Ir, thl proposition 10 re-
topics >"%-'s''" he saws it is impossi-
Hcat'hr '!'",'"", ,,,,,rjSion the cost ot col
Tie I" say hrt j. satisfied il VIII not
'''''S 1. d million d liars, ana Ii seemed
exceed ",h "'',".' rc.III, will not he less
ra ham 'h'' 80" ~ dall1rs Ncr anuum
21ln tW;'f' "''"' .,,,.d tx the existing
I'T t"r 'N' s''''
,jN. .... C>, .,r fiscal year ending
ih@ c':'':,S - ,,,,,, ,r,hr mon the basis Of
l'"lc 49, 49, wv nf ,hr laborinr and
,Ae a>,:#-1 i''>., h,!,,,,,try According
aI.>'ac>> 's,>>'t n ,", NH NJ 4 surplus of
{" i'A' t>'.""", ',i Ti, :, rho uaymrnt of
ct",r>,">b !t', ,.,,f,r;,. dan, in aidi
.ag Frn''H" q s,', ,ra,,n ,htor"h thr
>U - Inc i'S ,ln >,,,nI th,f if the
>."A.aI lN li.I;,. - 'no,,Ii I've reduced below
t'' .,,".,, me >,iri!u~ applicable to the
,.,r,. ~ he pu,,nc debt would be i'll
i.'' '.'' II ND inc other hand, the appro-
,',. ,h.,ij c>rcrt the estimates. the
Ill ,,,'f hrlaw the sum mentioned.
-" -. 49,. (; ,,r.l,,lGr Ihaf the conn
.N>>s'',''' :. tI.,,,r5 with GOOD harycsts. the
n',.,..~,, .rr, no reason 10 appreheud a
- in,u>;ry or business: but even
,...,, 81. ,,rv NJ the future il cannot be
80, :,l,,., l,. estimated >urulus is great
''S ,. ,,,,,,ts,,r,, dictates. In the view
-, HIM -, thr ,,;lc>tion he cannot
wan, ,hr ,Iu,y ii advising the con-
-. ,...,,,,' # ne rry>, NJ system Of taxation
.'.,.i -. ,grr.i1,., O! teng;rs> in December
,
a.. ..r...r NOW. NE >ays. hardly better quail
...5 =. :.,,),r ii the eject Of the recent
,.,..,...s.> ma" ~. were when thu-c changes
go. r.;.Ir. The reduction Of taxes IT the
= - session of Congress WAS estimated to
,. ,..f..! 70 tNru,y per cent. OF the total
,.,.,Il.,> a.. hit. country. or more than
,,.,'y millions # dollars. Is it wise TO
mi. '.. Further reduction until the result of
. .,',,.' ..W, mrW IN force i known?
&(fry .iyiug other reasons against the re-
l...l # The income tax The Secretary saws !:
.. In or. wear more tie effects OF the reduce
lions ALREADY made VII bc fully understood,
,.r. b.,.s,atinu can then proceed upon the
l. i not an uurcasOn-
,l.,.. ,.>.n,,i,,iou that Congress will then he
49,, tr,Eu,. th,; the income tax i not
lancer needed grd al,o simultaneously to
max corresponding concessions to other
.a>>r> Of tAN-pay.re. II IS my earnest dc.
III. that this result MAY he obtained. but,
while The future i uncertain, do not tc-
,..!aIc either the Justice or rXpedicncy of
,lsryiug al once and completely those who
.gr l.ahlr 10 lIav an income tax, and by the
SAM act transferring the chief burden Of
IN. payment ut the principal and interest Of
fn~ pualic debt. the pensions, and the cur
rent cNut.n>t.S Of the Government to the
producing. CONSUMING, and business inter-
,.>t~ of The country.
Eutrltainin. the opinion that it is not
advisable 10 reduce taxation at the present
iunr L. tie extent of twenty millions of
dollars. OF in any other considerable sum,
| am not prepared IL answer your fourth
Hi"iiy.
II = if"Hihie thal as early rs December
y. NJ '"' t3I'tt'uii OF "a" country ana me
"''" VII Ju>'"N INC 'c0uction lhulca-
~ !",' " 49, - Niil ~ pfactlcahie l"r Tue
~ ~ treasury 10 MAKE S.Gh
''' ~ - the lnodll'ation OF tne
, .. 49," %aI 'AE laws as IN his opinion Will
-. - ' 49,! ".c greatest rc"ei TO industry ana
ia .5.,.,,,. ~ i, ,;,',,,,I ,,,;;n,.
"Tir larac revenues Of The t,oycrnment
have been The chief means by which the
u,inlir credit has been lmproyrd md orr
naucr currency aiprrriaird materially in
value - romnared with coin. The same
calls" VII continue to produce correspond
~: results Were our ucbl small, DELI
N}'RrE 81 revenue W"Uld he uulmportant
III, WITH debt OF two thousand millions
ri dollars II might. and probably would,
if"di"" serious consequences. Nor should
"" t">c sight 81 the fact that the change
"h'il mas taken place IN the financial sss-
i'm 81 'h' country dullng tn" last rem years
''"Gy'> me preservation OF the pu'lic
'""ti Il duty q! The highest importance,
"i'>nIucli aS every business enterprise and
every financial undertaking rests finally
UlrI the public debit
THE wuIsEFy
,.,r. so,,,o ,i,,o .,1f ,,,,..;,,,.., W.,
tri,,riomS hsvn hnnn IN Wn.hin't' o ~ II
,,,jna IN ;nrrn,,sc - the INV IN diSt;,,ad
.fr,r> and ihnv toa., ,bt ~, Sno,, ~ tn<.
Income. tax i abolished = movement for.
raising til" whskcy tax will be made. and
VIII he SUPPORTED tx the Rrycu1r R1Ircau
Thus far Congress has shown no diSruSi-
lion 10 interfere again with this tax.
TIP ,>r,-rrsr o.-u mr.,
W..
H., t',Ve"t .iu lot INFORM Soii!Iess
''I MA. he slouiu 40 WIN the Din 10
! 'it"i .i!y ttSt-oalh. III Is the impression
, ,-... 'lNl ne VIII allow IL 10 become i
Ia" "'".out Ms Signature.
COTTON TAN SUITS.
There seems to pc much lnisapprobension
regarding the cotton tax case which comes
up in the Senate tomorrow. The actual
case is the suit Of Harrington V. Goodcno,
and involves less than 8, 800. Its the only
ease OF III" Kind pending in the United
states before any court of competent iuriS-
dction, and the statute of limitations has