The Atlantic Monthly, volume 17, No. 103, May, 1866

Cover The Atlantic Monthly, volume 17, No. 103, May, 1866
The Atlantic Monthly, volume 17, No. 103, May, 1866
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Another leading idea is to transfer a portion of our burdens to theforeign consumers of cotton, and at the same time stimulate ourmanufactures, and the production of cotton, by a remission of the tax oncloth exported; while yet another part of their plan was to take fromthe illicit trader and give to the public coffers the profit he nowrealizes upon spirits, and to restore alcohol to the arts.
Let us give to each of these measures the attention it deserves; andinquire if we may not take at once
... the steps, which the Commission deferfor the present, toward the discontinuance of all charges upontransportation and incomes. In recommending the entire removal of taxeson production as the first measure to be adopted, the Commissionersadvise: "That the capital stock of the country in the interval between1850 and 1860, deducting the value of the slaves, increased at the rateof 158 per cent, or from $5, 533, 000 to $14, 282, 000; and that, if adevelopment in any degree approximating to the past can be maintainedand continued, then the extinguishment of the national debt in acomparatively brief period becomes a matter of no uncertainty.

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