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Gazette Of The United States
New York, New York County, New York
What is this article about?
Extract of a letter from New York dated August 4, 1789, discusses Congress's trifling taxes expected to raise large revenue without tempting smuggling, due to high consumption of British and West India goods across the US. Sale of unoccupied lands will support government expenses, pay national debt interest, and clear the principal in 10-12 years.
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"You will see by our news-papers, that the taxes imposed by Congress are very trifling; they will, however, raise a large revenue, as they hold out no temptation to smuggling; and the consumption of British and West-India goods is now very great through the United States. But these taxes are not the only resource of Congress, for it is well known that the sale of the unoccupied lands is sufficient not only to support the expenses of Government and pay the interest of our national debt, but even to clear off the capital in the course of ten or twelve years."
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Where did it happen?
Domestic News Details
Primary Location
New York
Event Date
August 4, 1789
Outcome
taxes to raise large revenue; land sales to support government, pay debt interest, and clear capital in 10-12 years.
Event Details
Taxes imposed by Congress are trifling but will raise large revenue without tempting smuggling, amid great consumption of British and West-India goods throughout the United States. Sale of unoccupied lands sufficient to support government expenses, pay national debt interest, and clear the capital in ten or twelve years.