The enquirer. [volume] (Richmond, Va.) 1804-1815, 1805-05-10

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principle, Which has been attend.
&c! with the mott beneficial effects
to the public credit of the Coun-
try, particularly eXempllied in
the terms of the Loan, which will
le mentioned bye and by, it smy
iasension 20 propofe that there
i,iall DC laid IN additional Tax up
onprOpcTty OF one fourth, that is,
three-prncc on every ihillingnow
paid, and this l calculate will pro-
cuce l,I5o,oool.-Upon thcfr
grounds we may fairly Ultimate
the War Taxesat 1875 900
beiides the Lottery 800. 900
(. 1891 ,oOo
There remains, therefore, the fun of twenty
millions to be raiied, which it is propoftd to do
BY Loan, the terms of which have this day con.
GUIDED, fubjeet to the appreciation of this Houir
The terms are, for every 1901. fubfvri6ed,
b sol. three per cents. and al. reduced, making
nall l72. flock for every 1901. 1t is extremely
satisfactory to find, that, notwithstanding the
loan of this year is twice the amount of that OF
lait year, the terms are comfortably more adj
outrageous for the public. The Stock created
iatt year was for every Tool. 1881. Stock, being
an interef of 81. IS. 2d. or 6s. riS for the pre-
TENT loan than the interelt for every looi. lait
Sear. The ufual diicount of per cent on
prompt payment is allowed. With reference
to the price OF Stocks of Saturday, it will be
found that the bonus to the fubicribers is only
q. ls.efd. and yet, advantageous as this bargain
for the public, am happy to think that it
rromifes to be equally 70 20 the Contractors {;
= circum0ance which, when the public intercit
IN the tranfaStion is fairly preterved, cannot fail
to be the fubject of fatisfa6tion TO all. This
favourable fate of things, this undeniabe proof
pf the high fate of public credit, is to be imput-
ed to the genera! PROPERTY of the country, to
the firm opinion of it's iecurity, to the wiidom
of those meafures which Parliament has adopted
TO prevent the executive accumulation of the ma
tonal debt, and to the operation of the Sinking
Fnnd, the force of which is now 70 powerfully
felt, and which, if we perlih in the fame courft,
nua 70 rapidly proceed in clearing off the in
cumbrances of the public.
NEW TAXES.
It remains for me to fate the mode in which
ii is propofed to provide the intereit for the
1oan. The whole annual charges, including
the per Gent. Sinking Fund, will be ,s76,oool
and I5,oool. charge of management. There
may be requitite, alto, for the payment of inter-
LETT OF iuch part of the Loan as 1t may be nccef-
fry to borrow money to pay of, making in all,
the FUN Of ,537, Oool. for which new taxes mutt
be impofed.
The frf article, then, which propofe, is
that a penny ihal be laid on all Jingle letters,
for double letter, and 70 on; lkewife an ad-
dition ola penny OH twopenny polt letters when
3t!ley go 4 certain ditanCe from town.
Upon the head of the Poft Office,
from the belt data that can be Oh
,. tanned, I calculate that there will
be got 100000
The next article is that of Salt, to
re tax on which OF los it is pro-
5ofcd to add SIS. more. This
calculate to produce 100000
the prefcnt circumstances it will
BE adviiable to lay Cd. per 5ulhel
on Expectation to Foreign parts.
This will give $4,000
uropore ncxt to lay an additional
dusy of 18th on Hories kept for
peaflre the prelent tax being
4os. the additional will be more,
and 70 upon every Horfe, which
will give 10000
Next on Horfes employed in Huff
bandry,t ia propofed to raife the
preient tax of l2s. 8. to EOS. which
take at $4,000
But this not to apply to the Horf.s
which the Farmers ufe in going to
market, &c.
rcxt propofe, that for the firt time
4 tax nlculd be rnpofed on Lega~
cies in drca fuccefiion, to the a.
mount only of per cent. The
amount of this tax it is not eafy
to cacuate.-it appears from the
Regiftcr that the amount of pro-
psrty OIL which Probates Of Wills
are taken out amounts to
3o,ooo,o0o'. year, of which
millions may he dcdu6ted for
debts, and five more are bequeath-
ed in collateral fuccehon. 1t
viii not be too much 10 climate
the produce Of that part of the re-
manning 30 millions which GOES
in direct ficceilion at 100000
1t is propof-d lilsewife to fupply an
omiiiion in the Tax upon Lega-
cics on Land, by fubjeeting TO the
Tax Allowances ariiiug out of
Land, which certainly are in the
nature of perfonal Lcgacies, and
this Is enimated at 100000
propofe next to raie the Tax on
Legacies 90 abfolute Strangers in
Blood, which now pay per cent.
to 10 per cent, which will pro-
duce $4,000
Total 1856, 900
Deing twentythoufand more than the amount
IF; f,f. rfffiirad