Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-03-16

nr1pflnn al -,
ton in the affirmative The snbects " are q" %er
manp ia earh otber. t6a, arc hott' H;ii e. 81
inr feyepue. thp distinction IL n,,I, 10 ~ -
| iects and mode of taxation rbe ho,So bos i,
self reppatedv CONNECTED tho 70 ~ ,, a'I I;ii
and nofhy 80 in tlo ,t IN, ~ III one JIM
ton of the other the Jomc of rim sbioct ytntta
compes the United states ~ ,snHsddr tbo ,vhoia
revenue wbpa ,t,ri,,dsing 70 rsj,,oo o;,Ia,
form Of faxes: sill IN avoid oil NO.
sibie DISPUTE. the committee tbongbt II al
yisable while consid,r;n,r A. ,Lo7 y -
of taxation To conf3nc thin amen, ,n,,+ "a ~
customs duties and IN OAR those ar,ar,o,,t
! 10 one bin rather than to three Ma anoun+
of customs revenue DTonnse1 for re,lo.i Nv, tha
house substantially contains IN AZ on3so,,t
proposed bv the Senate, Tho 6onsr ,t{ii no
doubt in due time noss mi IN rcd,co internoi
taxps when tbe s1to D,' ~ -. l'i
ments, In thc debate bnweyer we mnsI con-
slder the subject as whole and mnst ,harofato
consider how much revenue We can j,snaHsc
| with. and what taxes ought IN ha renealaj or
modified. Since the close of the war II wos tho
highest public Dolicv 70 maintain orr ro,,
enue largely in pvcpss nC cnf e,no,,dt
lures: for a Iarge surn1ns aF ro,sa,,na d,pc rr4
only useful tn nav in, the I;driCatior of do,t ~
was Of great importance in re.estahlish;n@ n,hlIc
! credit imnroyinr the cnrrnncv and ,l,|,,n;,G.
the rare of Interest," NM tt, I'm, h ,S''
rived when We saIeiv can roce ,, ra mOm a.,
barely rHhu,rb To nay, +La a1,,o,,sos f ~ tt
ment econ0mic,IIv ojniniy.or1I, ~ St.,,,a,
OF the public debr and srrh s5it;onai snn,s as
it NAV seem rood rolicy to AMY On rho nr"
| cpal, The expenditures during the last 8.rsl
| year, ending June 30. 1871. inciudinD interest
/ were S292. III 1925; for the current 6sraI
year (Darty estlmated) S293 4O3 $50 %. for rho
next fiscal year (estimntcd) S27s O35 ia 90
| These sans exclude the sinkinp funds and oil
payments on the principal of the dent The nor
| receipts OF the 90, eminent for the last asrsI
for the current fiscal wear IestirnotndI Sg5o nm
| 600. The actual surplus revenue for the wear
| ending June so 1871 was sol 1A6 77f "a {.
| for the current fiscal wear (parfly estImoteG1
ST. T94 991 6S: for the next fiscal wear (pstimat
ed, SS5 974 226. Tbe 0uestjnn arises ne IN how,
| far these estimates of expendinre will he in,
| creased by additional appropriations nv con.
| gress
It's not probable til lt any material cbopoo will
be made in the agofppate apnronriations far Tho
current fiscal year while the current receints re-
largely in excess of the estim,tas MI :;
| caused. to some extent nv fhe imnortot;nn nf
goods in the place OF the dufy maid on goods do.
stroyed bv Gre at Chicago rho estimsto Of Tho
secretary of the treasury contemnlates reduc.
ton of the expenditures for the ncyt asrat vear
as comnarcd with His year Of ovcr son 600 900,
| or, as compared with last wear. of over Sto 0O0
OOO But this is explained mainly bv the e,Tc,n5.
| sion from estimates of the nrpminm naid IN
| bonds and the premium received on gold
| which balance each other. The estimates STr
based upon appropriations required w existing
laws. lhey can and ought 10 be diminished in
several lmDortaut branches Of public service,
! Inc abolition of the frankng privilege redBc-
ton of public printing, reduction of internal
| revenue service, q close scrutiny of the pension
| list, careful limitation of appropriations for
/ public buildings, and general cuttpp-otf of the
| expenditures that grew ont OF the war but have
survived the war, would enable us IN reneoI
| Othpr uit "a
The customs revenues since 1867 show an an
nual increase of over SO ,0OO, 600 and vet dur.
ing that period, duties were repealed which
| Welded 100000 per annum, II is apnarent
that the customs duties for the current wear will
| largely exceed those of last year, and there is
| no apparent reason why that increase will nor
continue during the next fiscal wear. The re-
| ceipts for customs from July 1871 IN March
1872, are S146 721 600. Ar The same rate The NO.
| CENT, Tor the iscai wear will agTra%oio S9oe
O61 500 or 81 900 000 in evcess IF tho eSt,nnto
| Of the secretary of the treasury The intarnoi
revenue for the next fiscal vear is ostimotod Of
| S1195JO. 900. viz: Spirits s50 0o0 OOO, tohacco
| $50 900 600. fermpntpd IinnorS a S06 mo
| banks and bankers. S5 900 900. ros "a 901 000'
adhesive stamps. SIG 00n 0OO. nenoItiae S500
600; other articles. S300 600 This docs not IN.
| clude the residuum of the income tox for 1871
| which will make GOOD tho spcretary's 40
| of S126 600 900,
Tho ,,,o,oo,,, 90 49,, .,,.,.,e ,.,.
| are estimated at 81 100000, making total of
S3t3,OO0OUO, or Sl4 ,OOOCOO in excess of the sec
| retary OF the treasurys estimate, and 500 000,-
| OUO IN excess OF the estimated expenditures.
| Alter applying S5O,O0OOOO to the reduction of
| the public debt, there is still a surplus of $780,
OOO,OOO, which should be the extent of our reve-
nue. reduction at this session.
| Inc fear that high duties would lesson our
foreign commerce is met by its steady growth,
Ihe Imports in 1859 were Sl14 ,256, 243; in 1870,
S452 1868; in 1871, S5lS, 759,51S The exports
in 1859 were S41396 ,115; in 1870, S499 092 173
| IN 1871, S562, 51S,651. The increase of internal
| commerce is much greater than foreign, and it
is now estimated at S40O0OO 900. The falling
| OFT IN our merchant marine on the ocean is
caused by the substitution OF iron for wooden
vessels; ana Tor internal commerce, railroads are
rapidly taxing the place OF water NAVIGATION.
II Ioreign Dullt vessels were admitted to Ameri-
can reglStry, Dotn Tor internal and external
commerce. at reasonable rate OF duty, this
Woul9 not only encourage the building OF
AMERICAN IRON snlps, put would secure healthy
competition IN our internal ana coastng trade,
now aQsolGtely PIotected oy our navigation
laws IL, lleh, the wisdom OF our protective
poncy Is 10 oe rested Dy experience, insist 1t
mas neeh proven a WISE polcy by the actual
cohuluon Oh our country; NO douot changes
are ueanahdea Which Snall improve the condi-
uon OF our nnances. lakes must be reduced