The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-12-21

4
| amount Of such currency than II now In ctr
| euistlon couId be convsnlsntIy and safe,y used.
The Treasury now holds 140g s9. 100 npe
| act Of July H. 1850 At cost Of 1925 10S2Na
and which, at the legal ratio OF 1858 70 q
| act provided that after the first day Of July,
1891. the secretary Of the Treasury should
Il as might be necessary 20 provide for the re-
| demption Of the notes, and that any gain or
sir d IRON 1p n t Gb51fgs snpS"
| IL Is plain from this and other provisions OF
the act that s3 much o. the bullion n Is I msy be
redemption oi the entire smount on notes S
was decided 6y the late Attorney General
and by my predecessor IN Office that the so. 80.
the ssne "a asset. d sbe Tfs"safy and that
| Notwithstanding the act VI 1880 Is silent upon
! the latter subject ,,.,-
| bullion, which would employ our n,ints with
| their present capacities Tor period OF nbont
crease the silver ejaculation during the time
named 500, l5bSl from seigni orage, besides
linen sg ib Of Of TIsaspy s notns In
standard silver dollars In order that the de-
mssst 5e ~ cY9Sn 70 b STp
silver dollars or silver eertlf Gates, OF that Il
tunity that may occur to put an additional
amount Of such currency IN circulation with
have caused 3 large amount q bullion e be
prepared for coinage at New orleans and San
places to be kept in readiness to commence
operations at any time when required"
tho subject oi tain reform and taxation. and
says: --.-,-,-
system 9s as thS s6S asc PS atsd. %
commodites in the markets. 1t should be so
possible, upon those articles which are essen
tial 70 the health and comfort 81 the people.
such az food oQthing and shelter and upon
labor in earning the means Of suDsistcnee;;
Inquiries and articles Of taste and articles OF
arc proper SUBJECTS Of taxation under any
system OF raising revenue. and upon these
at the highest revenue point such
taxes do not ordinarily Impose much
which dlmi this the the puTchasins power Of
the laborers' wages In procuring the necessa-
cial system because the materiel welfare Of all
our e9mmlnltiss depends 5 n large measure N; ss
am OF tho opinion that with proper econ;
omy IN pGeS Sh rsaunon h ilom
the estimates. an increase OF $4,000 300 to |
the revenue for the fiscal year 1872 by the Inn
nal revenue system. will supply sufficient
meens for the support OF the G0yernment and |
disturbing tho business OF the country or doing |
injustice to any part Of the people.
additional revenue have been suggested and |
discussed, and after a careful examination OF |
the whole subject have reached the concu-
sion that IL can be most conveniently and |
Justly raised by increasing the tax on distilled |
spirits 10 cents per gallon. aud by additional |
taxes on cigars and cigarettes. and by the i'm |
position OF new taxes on playing cards. cos
metics, and perfumeries, legacies and success
sions. and incomes derived from Investments
IN stocks and bonds OF corporations and Joint
stock companies.
" The increased tax on distilled spirits.
cigars. and cigarettes should be imposed upon
all such articles in existence, and upon which
the revenue has not been collected at tho time