Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1882-12-07

The report of G. B. Raum, cdif
of internal revenue, states that
revenue receipts, since 1879, ha
year by year $10,O00000 to $1zV
1879 the receipts were $113,000,
they we're $135, ,220, 900, and IN u
last ended they we're $146,5
receipts for the current fiscal yef
ably fall below last years to
likely to reach S145, ,O00, 900, If
taxes are retained. The commits
attention to the maxim that no w
should be raised than is neede
the government economically, u
ally reduce its debt, and also to
at the present rate of paying
bonds subject to call will be pai0
years, after which, in order to q
surplus revenue, the government
buy four and one-half and 70
bonds in the open market, which
ably advance their price twenty
per cent, to pay which would -
the peoples money. The debt should E
extinguished only at a rate to meet tlle TH-
quirements of the sinking fund, viz, about
5000, coo per annum. "A reduction of $780,
000, 900 to $70,000,000 In our annual revenues
is urgently callsd for. He offers the follow
ing suggestions
''Inremitting taxation the relief should Calm
as far as possible upon necessaries of life
The great bulk of internal taxation is de-
rived from liquors and tobacco. These are
articles of luxury, and the dealers therein
are proper subjects for taxation. Public
opinion seems to be strongly In favor of the
retention of these taxes. The other objects
of internal taxation. with the amounts re-
allied IN the past year, are: Friction matches,
So, ,272, ,258; patent medicines, etc, 81 qTs
1855; bank checks, $2,318, ,455.14; baf1I R IN
pdsits, $4, ,007, 70I.9S; savings bank D
SIS, ,40O.47; bank capital, 81, lbs, ,340.O NOIl
ings bank capital, $14, 1898; tot1., I,-
7SS, 81. 40. Add to this the taxes collected l1t
the treasurer of the United States from ma
tional banks, and there is total derived
from these sources of S18, ,74S, ,223.77. These
taxes should be repealed. The tax ON savings
bank deposits is a tax on thrift. The tax on
patent medicines, etc, is vexatious, being
levied upon innumerable articles. The taxes
on bank capital, deposits and checks are mot
needed for revenue. The repeal of these taxes
would greatly simplify the internal revenue
SYSTEM"
Mr.. Raum advises q reduction of forty pAr
cent. in the special taxes paid byz.1ealers
also a reduction of 81 per tho
cigars. all the repealed taxes and 4,
recommended above, If carried in
would reduce the internal revenue Ia
502, ,12S. He thinks it desirable to
the practicability of taking the
sugar, which now yields a revenue
000,000 perannum.
Frauds in the manufacture and
whisky and tobacco have become the
ton rather than the rule, and taxes are
leeted with but little litigation. The gl
ing of pensions to persons disabled while
forcing the revenue laws, or to their fan1il
If killed, is recommended. Thirty-ol
officers have been killed and sixty-fnnM
wounded in the Illicit whisky troubles.
During the year 800 stills were seized, I, 47l
persons arrested and four killed.
The estimated expenses for the fiscal yeaE
HN-.1N-
81, 100000 revenue agents, gaugers, etcD
s., 800, 900; dies, stamps, etc, $780, 900; detec-
ton of fraud, $4,000 salaries in Office of
commissioner, $299, ,190. Total, $5,274, 190-