The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-02-14

The bcSt-lnIOrinCU Unanclal cOTTtSpOliu-
ent | have vet met at Washington re-
marked tonight that he is very sure that
Congress this session will remove the taX
from bank deposits and bank checks. lie
was not half so decided in regard to bank
capital. In fact, he was not willing to risk
an opinion as to capital.
TIE HARPER's FERRY PROPERTY.
The Secretary OF the Treasury, in re-
sponse 10 the resolution Of inquiry offered
by Hon. John Blair lIogc in regard TO the
statu, OF the Harper's Ferry property, has
written n letter to the House in which be
gives history Of the various unsuccessful
at,empts made by the Department to dis
pose of the property from 1865 TO the pres
ent. The Secretary, il is understood, has
changed his mind materially in reference
70 fine market value of this property, for
while formerly he declined to entertain any
bid under $4,000, he is now willing The
property shall be sold for what II VIII bring
at public auction after due advertisement.
TIE VIEWS OF HON. JOHN RANDOLPH TUCKER
on TIE PROPOSED gEDrCTI0N OF TIE IN
TERNAL-REyENUE TAXES.
called on Hon. John Randolph Tucker
This afternoon, most prominent member
Of the WAYS and Means Committee, and
asked him to give ne his views in regard
TO the reduction of the tobacco, whiskey,
and other internal-reyenue taxes. lie
said 81 an as much in favor OF repeating
the internal-reyenue system as any one can
be. because ii is an engine Of enormous
Federal influence throughout the country,
and Is harassing TO the people as well as Il
clog upon important industries, espe-
cjally those i'm Virginia and the South; but
the repeal of the intcrnal-rcvenue system
would reduce the revenue Of the country
1885,, 100000 for the year 1SSo-'Sl, ana
nerhaps SlG0. 100000 for the fiscal year
ending June 80, 1882. Ii is well 10
carry our reduction OF tax so lar only
as will leave sufficient revenue to support
the Government and leave a surplus for
the gradual extinction OF the public debt.
The total revenue from the tax on spirits
was last year SG7,0O0,000. The revenue for
the first three months OF the current year,
If il shall continue throughout the year,
would increase that sum to SI5,O00,O0O.
Reduce the tax on spirits, as Will probably
be done. to fifty cents, and that would re-
duce the whiskey tax s30,000,O00. leaving
ST., zoo, 900 as the revenue from that source
for the current wear. Now for tobacco. II
the tax on cigars be reduced TO 81 Il thou
sand, on cigarettes from Sl.75 to GO cents
thousand, and on snuff, tobacco-chewing
and smokIng-t0 cents pound, the reye-
nue. from tobacco, which viii now proba-
Div be for the current year over SjO, 0OO,0 600,
would be. say, about SG0,0O0,000. The re-
duction Of the tax on fermeAted liquors
would leave a revenue from that source Of
saw. 100000, 00G. The repeal Of the tax Oh
banks, bank-checks, and matches, medl
cines, &c, il made. which is very probable
would be about S17,000,000 more, LEAVING
in this way the revenue from internal taXe'
only $50, 1000, 900. The revenue from Gus
toms will not be much less than 100000,
600. and from miscellaneous sources o
revenue say S2j,0O0,000. This woul'
make the whole revenue OF the Govern
ment s310. 200, 600. learn that the appro
; priations for the support OF the Govern
ment for the next year VIII be S13J, 900, 00O
exclusive OF pensions, which may I've est
mated at $50, 600, 600, and OF interest on th
public debt, which may be estimated ais
at $50, 900, 0O0-in all, 1855, 100000. Thi
would leave surplus OF S55,000,000 10
the redemption OF the public debt. Look
ING at these results, the total repeal OF th
tax on smoking and chewing-tobacco an
on cigars, &c., could not carry, and t
repeal the tax totally ON smoking an
chewing-tobacco would antagonize til
r cisar-dealers as well as those who are /
favor Of laying the burdens OF the Cover
: ment on tobacco"
i REDUCTION or THE TOBACCO AND wHIsKE
TAX HIGHLY PROBABLE.
. am fully aware of the injury that ma
4 he done TO the tobacco trade, especially
o an agitation OF a reduction Of the tax. Ill
! less tncTc uTt d>Suftiltts lllit u ''ui
;, done. j have given this subject niue
4 thought, and have conferred with the mo
/ sagacious financialmen in Congress on bot
IS sides, and while cannot say what will
;. the outcome with certainty, yet l thir
y the prospect is fair for such I
auctions as have indicated. The highe
n protectionists are very eager for thrown
Ia the burdens upon the people through Z
W tariff system, to the exclusion Of the int
'e nM-revenue system, and revenue-tar
~ =, men know that a reduction OF duties on
70 large number Of articles would increa
~ the revenue from customs instead OF dimi
G. ishing them, for many duties are now pl
n hibitory and give no revenue. Hen
1c ~, both protectionists and revenue-tal
he men favor reduction OF int
Is nal-reyenue taxes from diverse motIy
The opinions Of those interested in
whiskey and tobacco manufacture, a
~ those who are tobacco-growers, would
INF desirable to myself and others who rep
gh sent these interests. might here rem:
that the representatives from the toba