New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-05

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also ask The attention % Congress 10 the cla sshca-
u0n oi sugar. az know not whether viii be treated o.
OrIf it hOw IL will he treated o. IN any other do ument
brought 10 the attention Of Congress; and the SUBJECT Is
one ot practical Importance
rne Jutca standard Of color "a longer practical
tuer value Tor rchaiug The supreme Cour recent
decision, has mterpr red the cxang law to be, that
clslOns ocers may E lOok beyond the apparent go or,
ana must classify he inyOccs thereby, tough satisfied
that tic color H. luic ! and mace TO get lower rate
heying that color showed value The intention VAS 10
Put upon sugar, dates in effect nd valorcm As has
come about however the grades aigH. ~ "a
yaac when thus nrtihoinliy colOred. come III at tue
ia Dutch eta dud Is meisuiabl} dclCatrj Pro
VISION ahoid be made for uat @rtSso ton ms may
% putlng on an al vaOrem duy, b. a specific
duty or b authorizing come 8uard other tnHu t OF
appaIcn cOOr. Now, nestle producers 60 no. got tne
incidental protection meant To ne given TO tAeu Il.-
p0rt,r, too, are subject to emUarra IN hdng the
rare oi duty on hei. goods auo 0tnerWise.
toms e. OF TIRE OF .hen existing
buna,, is again Orcsenied 10 Congress. The nh now
Claims 1t seeuis 10 tnis department. that tns Is
mcthoG economical ara speedy, and Aenc- good .or TIE
Ul'posai o. these caseS IL would relieve ne Department
Of business wmcn IL ia not fuzzy organized 10 entertain
and prOpe y act upon.
secretary Dc a tnozed 10 refer 10 the COlrt OF tans
Ia his discretion, any disputed GAINS against tAe GOV
eminent H,'OylnS important qltstiOs u Jaw OF &c
ms would give 10 Claimants and 10 the Government
guess Tor denominations witch are now urged upon
every change 81 piinspll Olhcers .. ID partmen.s
IL 10 also recommended tat there be authorized The
appointments OF throu additional Scner Il APPRAISERS. The
neces tJr tnio addition mas on& been le tAo IA or
- q. tnr Goytrn"ent having san red IN some sections
Tor the lack oi proper GlDuna. 10 dctCr!he disputes
INTERNAL REVENUE.
From the various objects taxation under the nter
nal Revenue laws che receipts for the sca ended
june so, 1892, were as follows
From spirits si98l$4os ~
FROM rncu, ed liquors ......... Is 100 -
iro'n adhesive sranus inc udlns bank checks
iatet moei ine5 etc SD 50 5oj..... 100 20, 70
from cole, Joas not otherwise provided ci. $1,000
itv2a li5 y
The increase OF the rvvciue from s.Iyits dufug TIC
last ti-ca year was S2,7l0,433 3) the increase IRON
tobacco in its various forms OF lor the
period i,jJ6.g07 81; hc from fermeuCcd
liquors was s2.453G79 II #; the Increase Of revenue
from taxes banks aud baIkafs WAS l,i9l. $50 40;
me total nerc Sc OF Internal revenue tr0m Al sources
was 81 293,36I AZ.
REDUCTION OF TAXATION.
The Treasury De- artmeut was created by ac. OF Con
gress chapter XIII OF the year 1889 y the second
ton it made he duty of the Secretary diges
prepare plans for the Improvement Of the revenue
The word improvement me mt enlargement. Tae need
was for revenue, and the Lack of subjects from
which might be taken In that sense hat duty
without care Tie tiues have changed. What now per
lcNc~ Tie secret y 10 uOt "hcltl4Obl uIJ ri rev
enue and enough The sin- needs the Govern
Inent but vii, rcby lie sAa.l l1n hack MO tn flow O
business the mere Ln enough Tor those needs thai has
1Gcio ar now in be- treasury unused assets 10 L.r.e
amount, and I'M "Ij iocdpi' mo he Treasury ron
ca 'tons ana lh'eth" revenue taAaUOh are ABOUT
Il ~ Il.l from his and thc statement with which
this report cgs OF the estimated oXpcdi urc for fue
X sca year, that receipts rom rev uuc are and arc
likely 20 be- in eXces o. the neeOs OF the Government
TIE TREASURY AND HE MONEY MARKET.
From he III, quality between Gay larae receipts and
compare lively small daily disbursements there
evil fleet upon the business Of the country The col
leciionB by Government taken OF the money
ket ia AID al Gaies which have little or no agree
men with the natu al mOyt reut of money sand re-
TUNED 10 it with the same naGapiion TO commercial or
financial requirements. Occasionally the large cisbulse
mtnts OF tie Government lave created plethora of
the money; more frequently its large ana continued
Withdrawals Of money have such II scarcity of
foaling capl al to click tie proper movement %
legitimate business. II is moi only tnnt the o Ia
the Treasury h 80 hurn kept nom TIE ds OF he com
nunIty the fact becomes al incentive and an ad 10
VINO Tor the own ends coDspre 10 Keep from thH
use Other Largo SUMS We believed tha the laws
81 The aga hi prn O~Cniture, the enti OF es-
ateo, aud the accumulation a persona property STOOD
IN N" way OF hSaPlhE up Mealtn III sI-ie anus aug
gat"eiug in single hancs me PowGr oyer ot1eis '"a
men 80 IcG LAT b. cospiIing toeether ey can At WA
pa! and hold h,n1 on near az much money a. Govern
power thus lad is from time 10 tine Ii results
tnI yiolrpt sndlen con mctlons and q pa sions
an ~ ,I rtas1Iy - IaItment ia locke no as
prcat II not u chef cause recurring stringehcle, and
the 1Ieasurl s called 10 ior relief Every secretary o
To his mind, and Odica expCdens have been Us,d 10
rency Tho evil Lille OF lasting value has o, Ell &C
complIshed thereby.
M,THoDs or pIsPOsING OF EXCESSIVE ASSETS.
There "a advisable and lawful mode OF Glsbulsng
an existing OF assets lut that OF tie ayHoGt OF
the pubic debt 1hat debt is substantially oil two pr1n
ciEa cassestlat payable at the pleasure Of the Gov
eminent, that payable ut fixed date in the future
The is alsO OF Two kndstha bearing interest at
jig per and that ut per cent The later may not
called in payment bile of the former is
Standing nnu ileo tic law OF Iis creation
o. tnc iomcr tierc are outstanding and uncaeI over
parlsn upon the various iaSs ~, OF wIic that dc6t
nae requires that call for il Tor payment must
nix Tor the maturity ANA Tor the cebstOn vi interest
date three months of. Tnis somewhat |
hampers the Department IN so making calIs |
IA to keep up a Timely succession For calls |
at three months of there must either DC the funds In
Land therefor at tue time when tue call IL made OF there
must be q reliance upon thc pioDSDe prospective IT,
ccipts. 10 wax before tJakuS call until tue unns are
III fact III mana woul9 D 90 increase e eNl Oh "-lcI
am spcahng 10 can III leaAee upon receipts 10 come
needs cuon, less ~ changes IN business currents or
business prosperity they may be esseued, and thus en-
barrsslC' enSue; 70 mat Pfactcay' the DC raitmeht
oanuOt prudence worA IN this matter up TO what
cent will require the same length OF time mas not
yct bceu dcterni ed Nor is call always ofrCtua IN
bringing III debt lOr payment me monthly state
men OF the pubic deDt mat OF matured ODnba-
tiohs on which has there outstanding
over eleven ulillOhS INC year
1871 DOUBTLESS some OF ts has been loot OF deerOyed,
and Will be brought Tor payment but bOuds
which are late calls IN slowly Thus. OF the calls
ding the last ul of which have days pay
abe al option holders without rebate O interest, and
which were, ALL Tor Tj5,OOOOOO, there is outstanding
S35. 900 go and over.
Bonds OF the other principal class are OF several
kuuE, all pay able at - iufuro date ami an
are now high premium IN the markcD II 1t
were good policy i0r the Department 10 bay tn1 50 nc
their premium, could 10y OOlng easily FREQ the Treas
ury nom its excess ol assets various causes pat these
premiums at hri ght almost une2amped. IL - true
mat capitalists may buy them now, and they WILL II the
staie things by the time they tail
due and payable, aud are PAID 10 them at their face,
realized interest the purchase price. AT
me urc cent most not On all OF them that
-.,,nrt Colonization AnnM M