The system proposed by the Commission is entitled to the most favorable consideration. The taxes levied during the war were multifarious in their character. Although effective in producing revenue, they were imposed without discrimination, and they bear heavily alike both on producer and consumer, checking the industry of the one and swelling unduly the expenditures of the other. The plan of the Commission strikes the handcuffs from industry, lessens the expenses of collection, enables our artisan to compete with the foreigner, and, as most of the manufactures of the country are consumed at home, consequently reduces the cost of living. It seems from the Report of the Commission, that their leading idea is to simplify the system and reduce the number of taxes; to shift them from the producer to the consumer, and thus stimulate the creation of wealth; to diminish charges, and at the same time lighten the weight of the impost as it falls on the consumer. Another leading idea is to transfer a portion of our burdens to the foreign consumers of cotton, and at the same time stimulate our manufactures, and the production of cotton, by a remission of the tax on cloth exported; while yet another part of their plan was to take from the illicit trader and give to the public coffers the profit he now realizes upon spirits, and to restore alcohol to the arts. Let us give to each of these measures the attention it deserves; and inquire if we may not take at once the steps, which the Commission defer for the present, toward the discontinuance of all charges upon transportation and incomes. In recommending the entire removal of taxes on production as the first measure to be adopted, the Commissioners advise: "That the capital stock of the country in the interval between 1850 and 1860, deducting the value of the slaves, increased at the rate of 158 per cent, or from $5,533,000 to $14,282,000; and that, if a development in any degree approximating to the past can be maintained and continued, then the extinguishment of the national debt in a comparatively brief period becomes a matter of no uncertainty. To secure this development, both by removing the shackles from industry, and by facilitating the means of rapid and cheap intercommunication between the different sections of the country, is to effect at the same time a solution of all the financial difficulties that now press upon us." The policy of the Commission is the speedy abolition or reduction of all taxes which tend to check development. This policy is eminently wise and statesman-like; for while it removes some of our most onerous burdens, it gives a stimulus to the creation of wealth that must annually alleviate our taxes, and is entitled to the approval of an enlightened nation.