The state republican. (Jefferson City, Mo.) 1871-1896, 1893-12-28

be collected with tho lenst possible Injury TO
any part OF the people, but without re.
gard to the groundlcss npprehensions OF
unreasonable opposition or tImid or selfish in.
terests. Ho declares that nothing but the
platnest necessity can Justify the imposition Of
specific or compound rites OF duty In any case.
lie says that taxation according to value is
distinctly American and does injustice to no
one.
Mr.. Carlisle IL In favor OF chenpcnIng tho
necessities OF life for the masses OF tho people.
and taxing luxurles and articles OF taste and
fashion to the highest point.
In nlludina TO the raw materials, he says;
IF The worlds store OF raw materials were
rs accessible to the American workingman as
1t Is TO his competitor In other manufacturing
countries, his superior skill, sobrictv and In
dustrlols habits would enable him. without
~financlnl aid, to supply many parts OF the world
Where his products arc now never seen with
machinery, implements and various kinds
OF textile fabrics OF such qualities
and OF such prices as would ex-
cludc all competition and create II demand
for q large increase Of our productive forces.
With free raw material rs q permanent fix.
ture Of our revenue legislation, the demand
for labor would steadily grow with the extern
sion OF trade. while enlarged opportunities for
The profitable Investment Of capital would
stimulate the spirit OF enterprise among our
people. md greatly diminish the danger of
periodical Suspensions, lock-outs and strikes,
NV lllNtl III ItGtllN years So U lNh9l9 Nv
rupted our Industrial progress"
MEANS OF RAISING REVENUE.
The secretary thea comes down to the rev.
enuc and the means OF raising 1t. and says:
"t IS estimated that the revenue for the
fiscal year 1895 will amount, upon the basis OF
existing laws, to sl5i, ~, 7is. and that the eK.
pcuditurcs, excluding the sinking fluid, will
amount to Sits.S13, 7s9. The estimated revenue
from customs Is $4,000 0O), and tho
total estimated receipts from all sources
will exceed the estimate OF expenditures
81, Assuming these amounts to
ho approximately correct, 1t will be
necessary In any changes that may lie made In
our revenue laws, to provide for raising about
slSiOU,0D from customs alone, or partly from
customs and partly from such other subjects Of
taxation that congress may SEQ proper to In.
cludc In our internal revenue system am OF
the opinion that an Increase OF 81, $1,000 to tho
revenue. for the fiscal year 1895. by the imposl-
ton OF additional taxes under the int ,runl
revenue system, viii supply sufficient means
for the support Of the government.
Il have reached the conclusion that II can be
most conveniently and justly realized by In
Crcusing the tax on distilled spirits ten cents
per gallon, and by additional taxes on cigars
]Cigarrtt -. and the imposition OF new taxes on
playing cards, cosmetics and porfumeries,
lcguvins and SUGGESTIONS, and incomes derived
from investments in stocks and bonds Of cor
poraitons AMI joint stock companies"
SUBJECTS ron ADDITIONAL TAXATION.
The secretary, after stating why distilled
spirits, cigars, ctc, should he taxed, says:
"TnSCN upon luEaciCs and SUGGESTIONS and In.
comes acquired from Investments In stocks
and bonds OF corporations and joint stock com.
pantHS are less objectionable in their nature
and IN the methods OF collection than any
other excuses which 1t is competent for tho
United States to impose upon incomes &c.
cordiug to their actual value or amount.
They are not inqutsitorlnl nor liable to
evasion ly tho fraudulent suppression
of facts. lcca1sc the assessments or returns
need not hH based upon Information cxtorted
by law from tn" persons CHARGED with their
payment. Tut upon the public records and the
regular and authentic accounts OF the corpora.
tiuus and companies in which the Investments
have been made; and they have the additional
merit OF rcius imposed entirely upon that part
OF III" citiz'H's iucniuc which Is no, earned by
his labor skill, hut which in tho cases OF
lryaclcs uud SUGGESTIONS Is acquired by
mere operation O! law or by gratuitous
bcqu'st, and in the case Of incomes from
investments in corporations and joint stock
companies by the simple %carntn; capacity OF
his capital Us such without personal effort up
on his part. tax of | per cent. upon an In.
come OF SOD derived from the investment OF
$4,000 in & l'r coat. stock would amount to $50,
II sum SO insigniilcamt that the investor could
not reasonably claim that the franchises and
privileges granted to his debtor hal not added
fully that much to his receipts"
srRICrEsT CuNoMY URGED.
Tho secretary concludes his report by urging
congress to practice the S%trictcst economy In
puzzle expenditures consistent with an efficient
administration Of the law. lie rcmin Is the
representatives that reductions o, cxpcndi.
lures can not logically be- insisted upon or
made practically beneficial without u cor.
responding reduction Of taxation.
On the subject Of the sugar bounty the secre.
tury says:
Il respectfully call attention to the various
recommendations contained in tho report o,
the commissioner Of internal revenue, md usl
| lhnlr fnNnrnMlr consideration hY rnnrrcsIM