The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-08-09
&ViHNET rF.,
~-.s''.. -. -. -.

- - st 1872 49, .s
Here it is expressed " on the books of the bank or
by attorney" What is Attorney The following is
copy
KNOW ALL MEN by these presents that Jacob Little
Co. for value have barganed old assigned and
transferred and by these presents do bargain SELL assign
and transfer unto Boorman Johnston Co. 200 shares of
the capital stock of the Bank Kentucky standing in our
the books of the bank and do hereby
and appoint Boorman Johnston Co. true and lawful
attorney irrevocable for and in name and stead
but to their use SELL transfer and set over ali
or any part of the said stock and for that 10
and execute all necessary acts assignment transfer
and one or more persons to substitute with like full power
hereby ratifyng and. confirming all that said
ney their substitute or substitutes shall lawfully do by
virtue hereof
the day of thousand eight hundred and
Sealed and delivered in the presence of
Now them the day that the contract maured Messrs
Jacob Little Co. went forward with the stock in one
hand and the in the other fulfil their contract bat
the stock having fallen the time and become very
unfavorable to Boorman, Johnston & Co.. Messrs. Little
Co. met with refusal to receive the stock because
the mannerof delivery does not suit the buyers Mesrs
Little are told that they may go to the Devil with the
stock and recover at law if they The public is
called upon to sustain such conduct this in people CALI
| ing themselves merchants of New York.
The events of the past few years leading to the pre-
sent singular position Of the laws of
try and the violence displayed by the advocates Of the
party in favor of high tariff have served of late to deve
duties on imports and raise sufficient upon direct taxes
imposis property to support the government. 1t is
IA undoubted fact that while import duties
consumabIe goods the most available politicians on
account Of the tax being readily submitted by
people, and the immediate cost of collection greatly
less than7 those Of direct taxes; yet the injury which IL
country susans in the long rum by the collateral action
of the indirect taxes is infinitely greater than the ncon.
venence and expenses Of direct taxation Indirect
L
greater burden upon the poor and working classes than
upon the possessor of property In the United States
that property has bear the burden of town
ty and state expenses, while the federal government
leans upon the customs. The revenues from the lands
had they been sufficient to bear the whole expenses of the
federal government would have been the best possible
that could have been devised for the support {. the
government; because they impose upon any one
interfere with trade commerce. and every individual
who pays dollar into the Treasury receives more
its value in good land The lands will not bear the whole
burden but should be made to bear as possible
Heretofore the customs have only the expen
se ofthe federal but have contributed largely
to the discharge of the public debt This severe load has
oppressed the of the country in an exraord
nary degree In nation in the world has commerce
borne such heavy burdens To illustrate this fact we
take the expenditures Of the United States France and
Great Britain from 1896 to 1885, and show the amount de-
rived in those years from the of each country
ESrnSD,runEs AND Cu.roM', REVENUES FnAseE GREAT
1877 TO 1896 INCLUSIVE
. Derired from Derired from
Expenditures. Customs. other sources.
| United States 5s9l98Se asSoss7 5oso 600
France, G1 IIo a., oap c7r
Great Britain, 1890 ,l6c 9,i95A5i iii'iii,Tii
This table presents the curious fact that in the same Pc
riod OF time the United States have derived 90 per cent Of
their expenses from duties imports Great Britain 70
per cent and France Is per cent only This an immense
difference and may its effects upon Oh trade