Plans for raising Revenue.
--The Washington telegraphic correspondent of the New York Herald, under date of the 15th instant, says:‘ A proposition has been made to the Committee of Ways and Means, which is intended to avoid the necessity of imposing direct taxes for the purposes of raising revenue. This proposition looks to the raising of a revenue of two hundred and twenty millions of dollars a year--one hundred and fifteen millions on excises, and one hundred and five millions on imports, levying high war duties on tea, coffee, sugar, tobacco, liquors, and other luxuries, and allowing only thirty-five millions of revenue from ordinary imports.
It is porposed to issue three hundred millions of demand notes, and one thousand millions of six per cent. bonds, redeemable after twenty years, the demand notes to be convertible into the bonds at pleasure. It is also proposed that the Government shall receive specie on deposit, and issue certificates, payable at any one of its depositaries. It is argued that, by this process, the coin of the country will be drawn into the Treasury and the certificates will circulate in the place of specie. A strong array of facts and statistice is presented showing the ability of the United States, or the twenty two millions of inhabitants of the loyal States, to raise the two hundred and twenty millions as easily as the twenty-nine millions of inhabitants of Great Britain raise annually from two hundred and fifty to three hundred and fifty millions of dollars of revenue. The proposition meets with favor, and will be considered seriously by the committee.
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