The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-02-10
FROM OUR REGULAR CORRESPONDENT.
WASHINGTON. FEB. Q, 1875.

WASHINGTON. FEB. Q, 1875.
THE TAX AND Tariff BILL PERFEcrED-THE
TEN PER CENT TRIBUTE on ALL IMPORTS
SPIRITS, TOBACCO AND SUGAR IyCEEAsED-
ADJUSTMENT OF THE TAX on MATCHES.
.Tle Committee on Ways and Means to-day per.
fected the Tax and Tariff bill and were ready to
report to the House, but 1t was deemed advisable
not TO press the matter until tomorrow. when
the Chairman Mr. Dawes) will certainly report
the bill agreed upoa. which, It is Understood to-
night, viii undergo some notifications and will
not appear agreed upon when the meeting
broke up this morning. The suo-com-
mi.tees, With one exception. reported on
the measures assigned them a. the
meeting yesterday. First 1t was voted that II was
inexpedient to restore the tax tea or coffee, not
alone lor the reason that revenue would not be
derived, but because 1t was en- Objectionable tax
and such one as it would be difficult to reconcile
with the acts OF the previous Congress. THIS sub.
committee OF which Mr.. Dawes was chairman also
reported against taxing sales oil gold, STOCKS and
otner financial transactions. The suo-
committee the taxation OF wlsgey,
Messrs. Foster and Beck. after their conference
with Commissioner Douglass, were ready TO re-
port, Sir. Foster being IN favor OF increasing the
tax and Mr. Beck opposing II. The result OF the
alter the passage ofthe act the tax shall De 81 per
gallon; on all Spirits in the hands oil recti1ers,
wholesale dealers and in boad the tax shall be In
creased the passage OF the Dill fifteen cents,
70 eighty-lye cents per ga!ion on all
imported spirits In loud and hereafter
imported an increase corresponding with
the increase on home productions. The
next subject was tobacco. on which the tax was
increased four cents, or twenty-four cents per
pound on all manufactured alter the passage OF
the act, and not to apply to tobacco In boad 1t
was further agreed that the tax on matches, now
yielding about 81, oo0 900 per annum, should be
pealed. and the same agreement was reached In
regard TO the stamp tax on cnecks. Suose.
quenty the removal OF the tax checks was
considered unnecessary, and at the meeting
OF the committee tomorrow the repeal viii
, not be recommended In regard 10 the
repeal OF tae tax On matches the argument that
1t would benefit the consumer met with
tue statement thar II the tax was taken on 1t
would allow hundreds, IL not thousands OF small
manufactures 10 start in competition with those
winch now monopoize the business, ana tile stock
on hand would be consumed before this could be
DONE so there could be no loss TO the manufac-
turer or dealer. and when the large and small lac
torres In operation tre price per box or
gross would have TO be reduced. The res
torat.on OF the ten per cent horizon.
tai tax was agreed 10, to take effect
alter the passage OF the bill and to apply TO all
goods In bond anu anoat. The subcommittee on
the Taxation OF National BANKING Capital, after
conference with the Comptroller OF tle Currency.
reported adversely. as any tax in that direction
would force many Western banks into liquidation,
as many already found the business Improbable
and we're giving up their circulation. It was
therefore adjuGged inexpedient 70 impose sd.
dtiouai burdens upon the national banks.
The subcommittee on lucreasln2 TIE Rate
on sugar, alter full discussion, reported
IN favor OF Increasing the present rates
twenty-five per cent. which overcomes 10 part tue
objection urged against q uniform Increase OF one-
hall ceat per pound on all grades. the higher
rates being proportionately increased with the
advantage still IN favor OF the Importation OF the
lower grades OF sugar. Tue bill then Will stand.
with increase on whisxey and imported
spirits, on tobacco the restoration OF the
ten per cent tax, repeal or the tax
on matches, and increase OF the rate on
sugar. the estimated increase IL 35,ooo,0 900 per
aunum. rhe announcement OF the PROVISIONS OF
the bill will. II II thought, cause Importers TO
quickly withdraw all goods ia bond. Dat ,nat ad.
vantage VIII no; be enjoyed by the vniskov
dealers. az only the stock 10 the hands OF retail
dealers will escape the increased taxation. the
stasistlcs OF the Commissioner OF internal Revenue
show that there are now $4,000 barrels OF hiSh
wines on hand aud about 1l,0)0.O0o gallons Of
wnIsRev. Mr. Dawes, In presenting the olb
viii awe notice that he will call 1t up
on Tnut sday and press It's passage, as the neces
sItles u tue Treasury will not permit delay. Tho
only industrial interest 10 DO benefited, 10 the
opinion OF the committee, by the proposed IN
crease. Ia that OF sugar, and the advocates OF TINS
portion OF the bin say that II IA az much for the
gooa OF the relners n 1t Is Tor the planters Tue
Democratic members 9TH veto solidly asainEt tue