Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1882-12-08
THE PRESIDKNrs MESSAGE.

/. sgpz-zu. TIA. .hs late elections
have Taught him : lessen ard prompted
hin 70 advise a material reduction, y
~ n =.rs sLsez .: the system
As L Is : natter TIA. c9ucsrns every
bsi7. ws give tha clause from The
messa- IN rslas9n = Il
Yen za-s9t 5al 70 aa.s with latsrss.
@ discussion By the Secretary As u
-ezy Of ugvl1g by legislation
s5- u55 G; freeing IL Treasury G
81 zs so5 should mach - cary
z. To- ts rs-91 q aza-
h. ! heartily aeTe the >srAy
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remembered 1as1 --z zp91 tz a-ts--
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A. .gzE r5= have always aaa
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6eza Il 30 - 1 wazsa
-zzz.z s- azs=L tners las
hen : substantial se75rl II he doo-
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levzzz s - necessary tgr . wise and
e- Administration q shs 0oT-
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az-s "a Eze=szs5 t7z- limit, and unless
checked by appropriate legislation, such
ezs=z vii o1z-1zs = increase IRON
vsz- = -sz- Fer he fiscal year ending
q - 85-1 q Fza= last the surplus
was z5-s .-s1 Slz5.Q al. n10. The re-
po-t q ne Secretary shows TEz. ds-
POSITION has been made q these moneys.
T1sy have not only answered the re-
c--znsu.s q the Sinking Fald. bat
have Afforded 4 larger balance applicable
q 5.h=r reductions 0: the public debt;
ba. I renew tie expression Il my con-
rs.5gn tina. such rapid eztingaishment
q .as national indebtedness as : now
taking place Is b. 70 means a u Tor
ceae-zsulasion. Il Is cause rather for
serious apprehension. L it continues it
must speedily be followed by L OF tie
evil issues 50 clearly set forth in the re-
port Of the Secretary. Either The
surplus must be idle IN the Treasury, or
the Government VIII be forced to buy at
the market rates bonds which have not
been made r~edeemable, and which, under
such circumstances, cannot fail to COM
maud an enormous premium, or the
swollen revenues will be devoted TO ex-
~travagant expenditure which, as expert
ence has taught, is ever the bane OF an
Overlooking Treasury. 1t was made ap'
parent in the course Of the animated
discussions which this question aroused
At the last session OF Congress, that the
policy OF diminishing the revenue by
diminishing taxation commanded the
general approval OF the members OF both
Houses. I regret that because Of con
ficting views as to the best methods by
which that policy should be made opera
tive none Of its benefits have as yet beer
reaped. In fulflment Of what I deem
my constitutional duty, but with little
hope that I can make valuable oontrihu'
tion to this vexed question, I shall pro
coed to intimate briefly my own views in
relation to it.
Upon the showing OF our financial
condition at the close Of the last fiscal
year, I felt justified in recommending to
Congress the abolition Of Internal Reve-
taxes except those upon tobacco in
its various forms and on distilled spirits
and fermented liquors, and except the
special tax upon the manufacturers and
dealers in such articles. I venture now
to suggest that unless it shall be ascer,
tanned that the probable expenditures Of
the Government for the coming year
have been underestimated, all Internal
Revenue taxes which relate to distilled
spirits can be prudently ~abrogated.
Such a course, if accompanied by sim.
pliioation of the machinery Of collection,
which would be easy of accomplishment,
might reasonably be expected to result in
diminishing the cost Of such collection
by at least 90, 800, 900. and in the retire
ment from Office of from 1900 to 1000
persons. The system Of excise duties
has never commended itself to the favor
Of the American people, and has never
been resorted TO except for supplying de-
foienoies in the Treasury when, by rea-
son Of special exigencies, the duties on
imports have proved inadequate for the
needs Of the Government.
The sentiment Of the country doubt.
less commands that the present excep-
tional taxes shall be abolished as soon as
such course can safely be pursued, and
1t seems to me. however. for various
reasons. 80 sweeping a measure as the
total abolition Of Internal Revenue
taxes would, for the present, be an I'M
wise step. Two of these reasons are
deserving Of special mention. First, it
is by no means clear that if even the
existing system Of duties on imports is
continued without modification, the
duties will alone be sufficient for al the
needs Of the Government. 1t is est.
mated that 500, 000, 900 will be- re.
quired for pensions during the coming