The Income Tax Law Repealed

I heio is a senous misappreheneion iq the public miiul iu relatiou to the iucome tax. Itshouldbe distinctly uuderstood iliat tlio incomo lux Kw was ïepealed b}T Fimitatinn oq thj ijlst day of December, 18(39. The tax now bttiog asscs'-ed is for the year 1809. After it is paid no ather iocome tax can bo coüected or asHcssed without the eoactment of an eutirely kw luw, liich is not likely to ba brouht about. TLe repoal of the olü )áw d final aud uneouditional. It takes eífect as soon as the tax of 18G9 is paid. A bi.l passedthe llousouiidertheprevious "-jucHtiou gag-rule a iaw daysago, providiog for tho assosment and ollection oí n income taz for ot;e yoar only (1870), 'out it met witli disastroua defcat iu tho