Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-29

are the things which they tax Al this h no ~
are threatened again with the tea ana Gomez 'aA'
successfully resisted by the Democracy al '''e e"
;n Instead OF all lha,-to obviaie the pfeiext toi
bs ,ax,on Of necessares 10 provide Tor the pay e"
IF those new treasury notes. and 10 prevent Tue
of funding debts in time Of peace 10 90 az .'s,
nropose nov to bring forward tic i''S' ~ 1
,oner SUI ;ec, for taxation which tie country con-
,a;ns. namely, bank notes, shinpos;ers, ana cha"e'
,che.s propose to tax every species oil paper H'!'
or subs;;;ae Tar money, issued or ie purpose - %
cpl,,,oo and 10 lay the Tax on each separate piece u
80, which IS pai gu, for circnation-moking Inc iaa
tLp ,ar every note or ,icket-so that the double
nnr,ose WI be accomplished OF deriving revenue rom
The lsrrer ones, and gradually suppresSng tAe snia
o,as The amendment proposes to commence al Ten
cents on eacr for the year lei and 10 ao Ten GEMS
| annually until the tax at:ans maximum oil
oan,e / haye'not fixed the maximum IN my own mind;
h, ~ i,!ca j. TO leave at what would be far eve-
nue. duty on ,s,es Of respectable size Meaning 10 oe
,s r.vs,.se von It object, and suppress small
r no,esss NEEDN'T, lie maximum Of course will 1h be
ad.,,cd 10 the purpose Of obtaining revenue lhe
E,sb dcsye between three and four millions Of Col
irsannuay from the tex on bank notes. and they have
no note OF les than - sterling go 10 be taxed
Tn. same ;a;e Of taxation would probably produce an
,,l en-, N our country: for We have a far greater
nnh,, nr banks and bankers than they have; and b.
tes uc have multitude Of other corporations which
sane naper money, trash OF some kind to answer the
| purposes q: 4 circulation.
| The mode of collecting the tax is easy and comino-
Ii Il the modern SinpiI.icatlOn OF tue stump "a
Fornerly both in G.. Britain and in the L. ;, stamp
ar, was resoried TO collect tax from bank notes;
now tie nachlEery and expense OF the stamp once IS
dspensed w.ih the issues Of this paper are required 10
,entn il far taxaton-to give it III, rs the phrase s 10
The culleotor-lu a citizen returns or gives IN The
number ms ,axnbes whether cattle horses, slaves or
acres Of land. By this simple process, and without ihe
machinery Of stamp act all the benefit OF stamp duty
ON each rotc ticket, shinpaser ls obtained: hand
some revenue derived and the pesence OF small paper
currency Incidentally and gradually suppressed ihe
product of the lax must be great, though Tie amount
on each note should be limited 10 small revenue Tax
In England il il only laid, al this mc Tor revenue
and produces from eco ID Es00,e00 per annum
When notes under - existed tle!e they paiG an I'd
diloncl tax they paid higher, because more prohla-
bic to the issucr and injurious 10 the public
The ENGLISH have always made their banks pay taxes
we have done it but twice. and then only Tor short
time, and to small amount and on both occasions
through the fundamentally Of stamp ofhce Inc
first was during the administration oil The elder Mr.
Adams-the second during the late war with Great
Britain Ii IS time for 10 resort to II permanently
We ought 10 derive more tax from this source than
even Great Britain. We have double the number oil
banks great many private bankers, great many Is
suers of tickets and number ri other incorpora
tons not created for banking purposes but which pos
sess usurp The power Of issuing trash OF seine kind
for currency and all these issue paper below twenty
five dollars and, consequently, will presen; far greater
number of pieces o. paper for TAXATION tax OF len
bring half enough revenue 10 take up these live mil
lions of new treasury notes-neXt year IT might pay
them off entirely and when all were paid the tax should
still stand and let other articles OF comior; or necessl
t., now taxed, 20 Tree.
This is the proposition; and am free declare that
have t@oio.d purpose III Offering I. irst, TO RAISE
revenue; secondly to operate gradually aud Incidental
IL the uniform suppression Of small notes, shnPasieFs
and change tickets.
Upon this proposition the first question which arises
4. k,y N
the incidental effect: Ought they 10 he taxed for reve-
nue. alone' hold the affirmative Of this question,
4 and promising that new Administration Is IN the
most desperate need for money, and has already ar
rived AT TIC dcporng point OF forced tenders OF paper
money, and funding time Of peace: p!emisng this,
and that their credit is low borrow, and i, must
stand admitted b. every body, that revenue is wanted
! This IS universally admitted. How shall j. be raised,
is the next question; The Fcdcraiiss say upon tea
and coffee, and Alt, and sugar; and all the
RES and comforts Of life. | say, let The moneyed
corporations contribute: and here commences the
struggle beiween | say the moneycd interest
ought 10 payouSl 10 contribute with the rest OF the
community 10 the tsuppor, Of tie Government IT is
4 large interest," enjoying immense advantages over
the Of lie Community, and should not be allowed
TO add exemption from taxation 70 all lis other hume
rous and important advantages and exclusive PRIV.
| lcgcs. !. is IT,, interest which holds all the money,
aud nakss the people pay well for what they get from
it, and can well afford TO pay little money 10 the
| Government which has been so ndulgent to it,
Taken simply class in the country, pursuing
their business fairly, complying with the laws sub.
mittilg Government, and still they ought to pay
taxes When the whole American world is to be
taxct is the Romar world was in the time of Augustus
Cpssa4 this moneyed interest ought TO be taxed also
but taken this interest actually is in three tourhs o
the Union IN state Of permanent insurectlon against
all law and all all their promises
making rIn ial dividends out of MISUNDERSTANDING
all tie bus. ss Of he country emoraalng society
and brnglt, into question the capacity Of the people
TO sustain u Government Of mere moral and inteec
tual power ,akcniI they in this actual condition
| and what nt.boyt these banks TO demand exemp
ton from L atio":' Since five years (nearIy) they
and appear to be further oil from resumption
than they were the first day they stopped. The day
they closed their vanlts every one declared, each To-
ITSELF tina, II able 10 60 on-hat it was under M
necessity TO stop--tlat it only did because others
stopped-and that i; ready 10 20 on the day The
rest wond do the This is what they all said wher
they stopped; and now, the end of five years, near
~ they seem further off from resumption than ever
Is this the conduct 10 entte them to favor ant
Nuke continue 10 them the great privilege Of eSemp
ton from taxation, But tins IS not all. Worse con
duct remains 10 be tot-conduct which shows that h
suspension superintendent il is merely reiusa
to pay al their counters and 10 our own citizens
while payment ~ freely made III New loTk, where th
specie is sent the drafts drawn upon it, ant
thence shipped to England This is the worst part O
the bank conduct, and it is notorious il is auda
cious and scandalous Banks refuse to pay at thei
counters, but pay in New York for premium of from
five ten per cent and all the specie they refuse
our own citizens and thus send TO New York, is nme
dately shipped TO England, amidst The victorious ex
ultatons Of the paper money party. In this way, n
less than S354l7,OOA has been shipped in FIVE years
averaging milS ions Of dollars per annum; tn
whole Of which, and too, has been to New
York from the nonspl paying parts of the Union, Il
be drawn against at ~ per cent; and thes
banks to be favored, and exempted from taxation =
they which suspend ar their counters, and pay at New
York-which refuse pcalon own citizens, anr
send seven miions per annum to New York to go L
Ensandare these 10 he further favored and exempted
from taxation while all The world besides is be taxed
Why not tax banks They tax every body, and in
thousand di;ieren, ways All the property, all The
labor all the industry CT the country taxed by then
through the oil base paper; and not only pro
perty and labor rcl, but morals alsothe crimes
Of the paper system alone being at this day, and in
America, greater perhaps, than all other crimes, from
y LII nil lrnd. thnxo