The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-03-31
FINANCE AND COTTON.
FINANCIAL.

The house committee on ways and means
sgreed upon the bill to reduce internal revenue
II repeals the stamp tax on bank cheeks drafts,
arlers and vouchers, tho tax on capital ana de.
nosits of banks and bankers under section SiOS OF
he revised statutes Us amended; the tax on capt.
raj and deposits of national banks, under Sec
ZION 52l4 revised statutes, not including the
iaxes on capital and deposits of said banks, bank
srs and national banks for the current six
months periods ending in the ease of the ma
tonal banks on the S0th of June
iSs2, and in the case Of other banks
aud bankers on the 3lst of May, 1851
the tax on matches, perfumery. medicinal pre-
partitions and other articles imposed by SEIZED.
ME A Ii enactS the following as section Gi37 Of
the revised statutes; From aud after the LIST Of
May, lSS2, rectiderS of distilled spirits shall
pay a special tax of $500 any person who recti-
lies less than 800 barrels q year shall pay 500;
Wholesale liquor dealers. 500 retail liquor deal
erS So dealers in manufactured tobacco s. 10;
all manufacturers of tobacco, S.; manufacturers
Of cigars. So, wholesale dealers in malt liquors,
sS6 retail Dealers IS. to- brewers. $40; any person
who manufactures less than 800 barrels, $50; ped
dlers Of tobacco, snuif aud cigars shan pay Il
special tax as follows Peddlers of the tirst.class,
$50 second, Els; third, S72; fourth $3.50;
manufacturers of stills TO pay $50, and sl2 for
each still or worm for distilling made by him,
retail dealers of leaf tobacco, $3.50 and 80 cents
additional for each dollar on the amount of their
sales in excess of 81 00O Oh cigars of all dpscrip-
tons made of tobacco or any substitute therefor
sold or removed for consumption or sale shall be
paid by the manufacturer s. per loo: on
cigarettes weighing more than three pounds to
the thousand, % per 1000.
The total funded debt of the Canadian Do
mlniOu in 1873 was in round numbers, $3.50 90 &.
90 This is Il large debt for country with but
$4,000 population. BIZ; the latest report of the
minister Of finance shows that the gov.
eminent is on rising ground
financially. Four years ago the
revenues were n good deal less than the expen-
ditures. This year there is u surplus Of 81, 400.
90 but net debt increase of Sc, 500, o. though
the rate of interest has been reduced on that
part of the debt refunded aud on the new debt
The minister estimates the funded debt in 1870
at sos 900 900; but this will include the railway
aud canal accounts, which are fair offsets to
sliOWlt0O of the debt. The railway syndicate
holds land grant in the northwest of 25 0Ol, 900
acres, ana the government holds $50 0000 900 acres
OF what is described as ''trst-rate wheat land !"
From this handsome revenue is anticipated as
soon as the railway system of Manitoba is com
pleted. The increase of population from
ISL TO 1881 was over $1,000 or
Is jper cent and an equal per cent is expected
in the next decade. II realized the Dominion
VIII have total population Of 5,1it 600 which
Is more than the present population of the state
of New York. The revenues for 1881 were sal
10000 the expenditures nearly si,5O0,OO0 less
surplus of s3,000,0O0 is anticipated for 1881
The trade In brcadstuifs with the United States
which aggregated $500 0, U bushels IN 1878 rose
TO r. 10000 in 1881. The treasury realized last
year $500, Oh from duty OH sugar and Sll0 600
nom tariff on breadstuiis. And an opposition
member OF parliament declares that every man
III the dominion who owns house worth 800 is
taxed $500 year TO help the government to It's
fine financial showing.