Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-07-18

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| species OF property in the same proportion.
and produced tie universal slaenaiiOu in eve-
ry other business OF which all complain but
! SO few can solve the cause.
Manufactures in every branch.
| III 80 COOL.
| Or this creation, / cannot reckon
more, and L presume the man
ufacturers will not claim. as net
| proht. than la per cent. the resi-,
due of the sum created is all capi-
tai, wages aud dead charges; the
total pratt therefore 10 CT. Britain
aud Ireland on all keJ manufactures
S-.... ......................f Ii Els 900
Inland Trade in all its branches,
| 81 500 GUOi
| OF this creation, l reckon for the
same reasons The same i2i percent
| ntt profit. ............... ....3, 937 500
| Foreign Commerce and Shipping,
| 46,373,74S!,
| OF this creation, the same l25 Der
cent.ynet ptoti. .............-.....5,7 gG us
CodStiag Trade, 200 ,0O0!.
! Of ibis creation, the same l23 per
| cent. net profit. .....................25O 900
| Fisheries. = ,l00,0O0i.
| Or this creation, The same l2k per
| cent. iet prGfl. .262 500
| Chartered and Pirate BankerS,
! $500, 0O0i.
| Tins being the creation of profit upon
capital of 10000 OO0l, we carry
the whole as prodt. ........-.....3,5 500 600
Total net profit TO the nation OH all
the hoasted commerce and manu-
features of Great Britain and Ire
land only ! !....................4 2S OPS iGS
l Will now proceed TO check these results
by the several payments on the property tax.
First deduct 10th OF the suII of IS POI IOGl
above stated as the rental of Great Britain
and Ireland, for the share of rent on land in
Ireland, not charged to The property tax,
which leaves the sum of - 3G3, 525i as The net
rental of Great Britain according 10 DR.. Col
quhonn's estimate. The payment 10 the pro-
perty tax in Great Britain IN 1914 10. 10 Sche.
dnie a, property in land. was -0T 2i7I. which,
multiplied ny 10. ascerlaiRs The rental OF Great
Britain according 10 the payments OH the pro.
perry tax al the sum of & .N2, 40! leaving ouly
the tritiiDg difference, between the Doctors
estimate and the actual payment on the pro-
perry lax OF 39l,055l. The first item, there>
Tore, may be taken 10 be proved to demonstra-
'on as The pront from rent III Great Britain
aud ireland.
The next term is for profits TO the cultiya.
tors OF the soil OF Great Britain 81, 522 Gill;
They were charged aud paid 10 the property
tax the sum OF l76 22SI. which 1t the rate of
z! per cent. on their profits for England and
Wales, and believe less for Scotland, charges
them with proht of 20 0iG,3T3L So that here
again we have demonstration, almost TO frac-
tiou of the truth of the Doctors estimate.
and OF the proportion OF il which ] have al
lotted 10 the cuiiiya,ors of the svil of Great
Britain as profit; for / appTeheud the allow
ances made TO small tenants will fully balance
the difference.
have DO mode of checking the estimate of
proht for the cutivatOrs OF the soil of II land
but the amount is so reasonable and SO pro-
por,ioned TO what we can check, that | think
no man VIII dispute any slight variation which
might exist between The slim / have estiuat-
ed and tile fact.
The next item is for titles, 1892 1881. this
being the amount returned TO Parliament for
1914, no man can deny that this was so muc,
net profit from tie soil of Great Britain IN that
year.
The last sum is for mines minerals, and
suPposipg that DR.. Colquhonn is right in the
raj 81 81.
tive proportions of profit which have assam.
ed are al ali unreasonable, but the fair aud
usual ietnrns Of profit actually derived from
the working Of mines i'll general
Thus have I established BY facts and Fl.
guIes, bsrne ont aud cOrrobOIated In every
Instance by the actual payments to- The pro-
perry tax, which amount 10 demonstration
that tue net clear income of Great Britain
anu Ireland, arising from the laud and the
skill, capital, and industry of the culiivaiors
OF tie soil, did amount in the year 1919 to the
enormous sum OF, least 80 millions eight
hundred and forty thousand six bundled aud
eIsht pounds and we have the evidence Of
facts before us. that up to that year, aud as |
long as this stream of wealth was received |
and flowed through every vein aud artery of !
the state, our taxes were paid with facility |
our Iab7uIeTs ~eTs fully employed, our COM |
rieice qua our manufactures flOuVisbed, aud |
all ranks pTespered in defiance OF our heavy |
taxation; at That tine much greater than il is !
at present. But in 1871, as soOu as foreign |
productions. wliicll might be grown upon our |
SOIL, were admitted dut yetres, or nearly So TO |
compete with our own productions, the agti- |
culture of the country was first paIaliled |
most Of our productions fell so per ceut. while |
sales we're made with difficulty even al this !
depreciation confidence i'm men AVID in pro. |
p"rty were alike aunhilated IN "A moment aud |
all our euOFt queDi eHbaTIassHigRts are hut tie !
eftectsot tb0t mistaken policy, which induced |
the Legislaiufeiu 1911 To lis en- to tie popular
bus fatal cTy Of cheap 6reGd; aud 10 permit the |
MA .sit tiul.f lac
raises from our own coil upon terms which |
might produce an artificial reduction IN tue |
value OF our own produce.
But lei US now compare the Doctors esti- |
mate OF property created by our cOmmofee !
aud manufactures, asd the profits which |
mehis which The merchants aud uauuiictu. |
Ters have made on the property tax.
Esiunaung TIE piCtis all round on the sums |
created at l23 per cent. except the chartered |
ana private bankers. which gu capital OF |
4O7OU,COOi tie Director las estimated at /
csnsiJe5ably lees than III per ceBt. wa OBJ |
tain sum total for The profits on ManufsC. |
lures ~ every branch, Inland Trade ia all lis |
branches, Foreign Commerce, aud Shipping, |
IOaSthR Trade, Fisheries, aud CHARTERED ahd !
PnVaie Eabkeis, Of Ne mote tlIan The sum Of |
- OZ5 1863. Tor Great Britain aud ireland. of |
tn, sum write Of one fifth Tor the share of |
Ireland, which leaves net total fot Great
Buiain alone vt ~ 40 375l Tor croft, aud no |
Iners' ano iheD turn 10 the payments under |
hc properly taE, aud fluid schedule ID trades /
paid @OOc0 aW which again proves 10 de- |
WOEsfatiOE how nearly The Doctors estimate /
VI Use tTptb is 20 the fact. For il the nleT- |
chaDts ana manufacturers Of Great Britain 4
really PSiG TO the property tax upou profits
u ihs amount OF 20 600 O0Oi. and actually |
made no moIa than ~, 80 375L 40 Inan can |
ssy when all the contingencies Of ftade are |
taken iulo account, that they did not nav /
n ~ handsomely spd hOnorably to ;he Proper.