But in view of the accomplishment of these desirable
ends; of the rapid development of the resources of the country; its
increasing ability to meet large demands, and the amount already
paid, it is not desirable that the present resources of the country
should continue to be taxed in order to continue this rapid payment.
I therefore recommend a modification of both the tariff and
internal-tax law. I recommend that all taxes from internal sources
be abolished, except those collected from spirituous, vinous, and
malt liquors, tobacco in its various forms, and from stamps.
In readjusting the tariff I suggest that a careful estimate be made of
the amount of surplus revenue collected under the present laws, after
providing for the current expenses of the Government, the interest
account, and a sinking fund, and that this surplus be reduced in such a
manner as to afford the greatest relief to the greatest number. There
are many articles not produced at home, but which enter largely into
general consumption through articles which are manufactured at home,
such as medicines compounded, etc., etc., from which very little revenue
is derived, but which enter into general use. All such articles I
recommend to be placed on the "free list.
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