Daily Los Angeles herald., 1883-11-29

Wallace & Co. In q cotton future trGnsae.
tion. The firm negotiated the note to
the Benk, which sued the maker, who
pleaded that the Bote was void as given
for gaming consideration Ihe Court
says cotton futures are as much gaming
as faro, aud that such notes are void
whether they knew the note was given
for futures or not.
Rich Mineral Discoveries In Mon
tana.
BozEMAg, Montana, Nov. 28.-There
ia great excitement throughout Western
Montana over rich mineral discoveries
in the Cmur Alene mountains. Miners
and prospectors who have returned state
that there has been nothing in the his
tory OF the Western States or Territories
to equal the richness and volume Of the
newly discovered fields. The minerals
consist Of silver, tellurium and free mill
ing gold, one hundred dollars per man
per day being taken out Of the rim rock
Of the gulches, while iu the gulches, SIS
to $40 per man per day is panned out.
The streams are in the southern part Of
Idaho. Eagle City, forty miles from
here, on the Northern Pacific Railroad,
has now about five hundred people in
the camp.
The Arthur Sensation a Capard.
New YoRK, Nov 2s. Speaking Of
yesterdays World story about the Pres
ident and crank at the hotel, the 7ri
bane says the story is wholly false. The
incidents which the article professed to
relate never occurred.
letter from Blaine on the sui
plus Revenue distribution.
PHILADELPHIA, Nov. 29.-The Paess
tomorrow will contain letter from las.
q. b aine to Ches Emery Smith. edit r
OF TIE Press. stating Blaine's object oas
TO the distribution OF the surplus II Venue
Of the Federal Government among the
States and proposing as substitute, II
the National Government no longer
needs the tax on spirits, that the entire
amountjt yields be paid to the States.
Three fatal objections, in Blaine's
opinion, make the PennsJ lvania
proposition to distribute the Fed
eral surplus, unwise. First, the
utter uncertainty Of the size Of the
redundant revenue Second the divis-
ion OF this surplus would impose ON
Senators md Representatives di-
vided duty for the sake OF their States.
They would wish the surplus to be as
large as possible, which would present a
constant temptation TO withhold appro-
priations from objects of really ma.
tional character. Thus the assumption
OF continuing the redundancy of the ma
tional revenue is opposed to all sound
views Of arbitration, because it is
sure to yield TO extravaganza, cor
rapiion aud all manner of schem,
for gettsg rid Of the money.
A strong movement is already on foot
for the repeal of the entire system of
Internal revenue, which receives the sup
port OF prutectionists like Judge Kelly,
and free traders like Cox, OF New York.
This conjunction of opposing views in
support OF the abolition of the same tax
gives the idea of the importu ity to re.
ieve taxation in the States of all our
taxes in States where taxation is most
oppressive. Ii it is direct it falls ON
property with crushing force. In few
communities it is less thnn | per cent,
and in most it Is over per cent Why,
therefore, should not the States be per-
mitted TO have the tax on spirits for
ther ov n Ibsnefit, |; the Government
does not need it. Can 1t be worse to
continue direct tax on property and at
the same time command a huitful luxury
like spirits to go freej luxury whose
taxation opposes no one. The customs
revenue of the national government
menopolises the exci,e and is open in
"a. ory to both state and national use
| taxation, but in practice the national
authority alone can levy an excise tax on
whiskey. No State eau guard its bord-
eri against whiskey from other States,
or nuke econO nical collection of suca
tax with its own revenue. The Fede-
raj machinery for the collection of this
reyenue is in iull operation and bill of
ten lines could direct the Secretary of the
Treasury to pay the whole of it, less the
small expense of collection, to the States
and Territories in proportion to their
population, and continue 1t permanently
as part of their regular annual revenue.
Such plan would give the revenue
from such tax wholly to the States, and
would not depend on the chances Of
surplus or accidental remainder in the
National Treasury. 1t would make tax
alton on spirituous and malt liquors
permanent resource to all the States, en-
abling them thereby to definitely read
Just and reduce their own taxation. Each
State could most wisely use its share ac
cording 10 its own necessities. The total
return from the tax ON spiriiu-
ols and malt liquors last ye9r
was over es6,OO00 0. an amount
which would tend to increase rather than
diminish, as eich S,ote saw that the
suppression of illicit dstilleries was to
its advantage. With this revenue
State taxation could be remitted, State
debts paid, or if the aid were divided
among citi and counties, their expens,s
would be proportionately diminished.
In table annexed TO the letter Blaine
shows that the shares of the States on
the basis of population would be SS, $685.
900 for New York, 81, ,493, 600 for Penn
sylvania, So, 2s5,0 for Illinois and
S5,590,000 for Ohio, the smaller State,
receiving in proportion.
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