Report of the Secretary of the Treasury

Report of the Secretary of the Treasury : August 18th, 1862 (Classic Reprint)

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Excerpt from Report of the Secretary of the Treasury: August 18th, 1862 Sir: Believing that the continuance of the war, and the exigencies of the country arising therefrom, will impose upon Congress the duty of providing for another war tax, I feel it my duty to present for your consideration some of the views I entertain, which result from my observation of the Operations of the act of 19th August, and to suggest certain amendments which I think should be adopted in the construction of any statute that Congress may enact on this subject. It is not intended to dictate to you what you should recommend Congress to do in the premises, but merely to lay my suggestions before you, so that, if you perceive any merit in them, you may adopt such as are approved, and present them at the proper time for the consideration and action of Congress. The returns, so far as received from four States, exhibit an ine quality in the valuation of certain species of property, which is unjust in its effects upon a large portion of tax payers, and which, in any future legislation, I think, should not exist. For instance, in the State of Virginia the average value of slaves, according to the war tax assessments, is $350 64, while the average in some counties goes up to $400, and in others falls below $300. The citizens of the latter counties contribute to the general fund for war purposes one fourth less than those of the former. Such inequality is unjust and bears heavily on that class of citizens who are most willing to bear the burden of taxation, and who consequently place upon their property a liberal valuation. Besides, it is calculated to produce murmurings and discontent among the people. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.show more

Product details

  • Paperback | 38 pages
  • 152 x 229 x 2mm | 64g
  • Forgotten Books
  • United States
  • English
  • , black & white illustrations
  • 0243136633
  • 9780243136636