The enquirer. [volume] (Richmond, Va.) 1804-1815, 1812-02-04

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2IZ t.MoMD.- fEbRU.dkY 4. 49,.
Briey out Interesting Erfrac;.
We recommend the following to the at
tcntion or the reader.-It is from Il highly
respectable Member of Congress to his
friend in this city-Date,
WASHINGrcN, Jan. so.
/" 1t seems to me to be perfectly obvious
that the sole enquiry VIC have to make. is
into the least hnrthensome subjects of taxa
ton; and am persuaded that whatever
regret is felt as to the necessity of making
the selection, Majority will be found in
Congress prepared to make the most ample
provision for the requisite supplies. Indeed
have no doubt from repeated conversati-
ons, that all the taxes will be chccrfully vo-
ted, recommended by the Secretary, eXcept
the ErciSe and the STAMP tar for which,
If they should not be adopted, substitutes
will be found. The Committee of WAYS &
Means are now engaged OH the budget, at
tended by Mr.. Ca'lar;n; and we shall short
ly have the subject under deliberation.
The Committee of Foreign Affairs,
deeming it proper that the nation should
the WAR shall commence, authorized the
note in the lntelligencer, by which it is an
nounced, that the return Of the Hornet is
frcd for that epenf.
Mr.. Madison, as far as / can Judge,
stands with Congress, as believe he does :.
with the nation, on better ground than he
cucr occupied before: All rumors to the con-
traiy, you may look upon as utterly false. l
scarce need say to you, that the paragraph
alledging that Caucus had been held, in
which different Chief Magistrate was de-
81 te6 iS fota IS oil
on. was sorry to see Henry Claws name
connected with SO infamous falselood."
TAXES OR NOT
We cannot sufficiently express our con.
tempt for the course of few of the politici
ans & presses of the present day-Some o,
these are actuated by motives of personal a
nimosity towards certain individuals con-
cerned in the Administration whilst others
form an unjust estimate of the patriotism #
the people-and both of them unite in d.
rectly or indirectly questioning the propric.
.ty OF taxes. Their substitute is LOANS al
tosether-to borrow all the money, and lay
not cents tax upon the people.
We object to the scheme If ALL LOANS
because the more we have 10 borrow, the
more we have to pay for it; it s 100000
cost us interest, what will Is millions
cost US? And it is much cheaper to raise
taxes topay the interest on 10 millions thar
to borrow money enough to pay the interes
on the loans. he one is an operation o.
simtLr, the other of comhound Interest,"
The ground which we take is this-let us
not go into war if the people are not will
ling to bear the quota of taxes proposed
for. be assured, they will leave you in the
midst of it-and we shall have to patch up
dishonorable peace But we have no fears
OF the patriotism OF the people. They will
most cheerfully pay the taxes-in support of
their honor & their rights. They will sup
port their government, if their government
will support them.
A HINr-It is a dispute, which Of the
projected banking systems is the best. The
only way to CUT the knot, is to try both
Give each OF them an experiment-and, as
the current seems to run in favor of new
bank, let the EXPERIMENT be in its favor
Thus:
Provide, that the new stock shall be sold,
as it is now in the bill, at 90 per cent aes-
vance-if sufficient number of shares he
not taken in reasonable time, say or 6
months, let the Treasurer be empowered to
open books for subscription to the old bank
at 40 per cent. advance.-Thus the stock
Of the new bank will be 10 per cent. eheaher
in the M rket than the old
THUS, il the hu6Hc be in want of more
banking capital. they will have the fairest
means of attaining it-there will be two
strings to the bow-if the one scheme will
not INT, the other may-there is considerable
doubt whether the NEW stock will sell at 20
per cent. advance /; let us try both.
AS a man who stands BY, sees more of the
game than those who are playing, beg
leave to subscribe myself
A BY-STANDER.
RICHMoNn Jan. 90. 1910