forests of Canada,[G] to provincial oats and barley, purchasable at rates lower than those at which the West can afford to send them, and to coal on coasts which Nature designed for the supply of the gas-works and steamers of New England; when it finds proclamations issued excluding our fishermen from the waters to which the mackerel resort,--then Congress at last will doubtless be willing to resume negotiations, and to give to us coal, wood, butter, grain, fish, lumber, and horses at reasonable prices. * * * * * Eliminating from the summary of the Commission the items which are condemned by their Report, we have the following result:-- REVENUE LIST OF COMMISSIONERS, EXCLUDING TAXES ON INCOME AND TRANSPORTATION. Customs, $130,000,000 Excise on Spirits, Tobacco, Malt Liquors Cotton, Refined Oil, Spirits of Turpentine, and Rosin, 108,000,000 Licenses, 15,000,000 Salaries, 2,000,000 Banks, 15,000,000 Stamps, 20,000,000 Sales, Legacies, &c., 7,000,000 Add Tax on Dividend and Coupons, 10,000,000 Miscellaneous, 21,000,000 ----------- Total $328,000,000 Amount deemed necessary by the Secretary of the Treasury to meet Interest and Expenses of Government annually, 284,000,000 ----------- Surplus, $44,000,000 We thus deduce from the estimate of the Secretary and the conclusions to which we are led by the Commission a surplus revenue or sinking fund of $44,000,000, and this, too, after discontinuing all taxes on production, income, and transportation, and liberating industry from the trammels imposed by war. In addition, we may expect from cotton, whenever the crop exceeds two millions of bales, a further revenue from the five-cent tax, while the income from customs, which we rate at $130,000,000, has actually been increased since June, 1865, to the amount of $58,000,000 more. These results, achieved by the country while emerging from the smoke of the battle-field, and disbanding its troops and placing army and navy on a peace footing, are in the highest degree reassuring. What is there, then, to prevent the nation's prompt return to specie?