The Democratic Whig. [volume] (Columbus, Miss.) 1842-1843, 1843-09-28

1 Not that Il they believed the bones were e gai-
y due, they would shrink from contributing
their proportion 10 pay them of bot The effect
which iHdipidual inisTesf has on the judgment
Of al men. has made them impefoeptibly 70
themselves, though honestly cone 10 an emo.
neous conclusion in regard to tue legal obliga-
ton ofthe State to exiinguish Them.
To the Judgment Of ne honest and vel
meaning citizens who have thus been misled,
and who lave hitherto walked in the dark
paths Of reputation, we confidently appeal
We ask Them TO disbunhen their minds OF Ill
individual or selfish Influences, and calmly 20
reject upon the principles and arguments here
IN placed before them. We ask Them to re-
view the Consequences, both legal and moral
Of The doctrine Of aRepudiaiion" and we feel
assured, that Il such Investigation is honestly
and sincerely made Mississippi will be soon
exalted from the degraded position which she
now occupies 10 the eyes d our sister States
and Of the civilized world.
We have said that false and exaggerated
siatesments 10 regard 70 the amount and
rate oftaxation which will be necessary to ex-
tineush the bonds, have been made TO the
people. We explicitly and positively deny the
truth Of these statements. No exorbnant or
ruinous system Of taxation is necessary TO be
resoued 10. No sacrifice ofproperty IS requir-
ed 10 be made. That taxation 70 some exile nj
is necessary, we do no. deny, the debt cannot
be paid without T.; but We assert that the tax
required will be far from burthensome or OPP
pFessve. Suppose the present rate Of taxation
were doEbled, would any correct and enllgh-
tened tax payer, consider such rate Of Taxation
ruinous or immoderate What, permit Us
to ask is the present rate Of taxation Il is
IS cents on every one hundred dollars at
which the land Of the tax payer is valued ;
seventy i've cents on each slave between
Eve and Fixty--a poll tax Of 30 cents--l per-.
cent on money loaned, DC. dc. See Reven.
ue Act oflS3l, page 81.
This taxation is uIhng compared with what
other States and countries have to pay even
to support the ordinary expenditures Of the
Recommendation now in Louisiana, slaves
are taxed two dollars a head from the infant Of
day old TO the man Of one hundred years.
In Illinois the land tax is 62-l-2 cents on the
one hundred dollars, and yet we hear Of no
complaint tina; these taxes are exhorbltant. II
we double our present rate, nay, It It were
trebed, It would be far from ruinous nr OPP
pressve. If il were doubled land valued al
one thousand dollars would only b. taxed i've
dollars. Land valued att thousand dollars
would only be taxed fifty dollars. Ten slaves
averaged at three hundred dollars a piece,
would be taxed at fifteen dollars twenty
slaves would be taxed thirty dollars and so
on. Who can Justly complain Of such rate
OF such a taxation as this No man we are
assured, but him who would refuse 10 contrib
ute his share Of taxation, though i were but
five or ten cents on millions worth Of proper
~,
And ye., strange as It may appear to those
who have not reflected on the subject, the
above rate Of iaxaticn, together with the snHi
Of six hundred thousand dollars which will be
realized uUuutfast g 40 einkinU "rHi t@erss
lot funds, will not only exlingush the princiz
ple and interest Of al the bonds but VIII
also nav the annual expenditure Of the
State. Yes, citizens Of Mississippi, such is
the trifing 5ribe.for which it is expected.by
the regulators that you viii sacrifice the hon
or and integrity Of your State ruin Yer char
acter abroad and perhaps endanger the integ-
nty ofthe Union.
We have said the present rate Of taxation
doubled VIII extinguish all the State liabilities
We now proceed 10 demonstrate ~ however
that we do not mean that It wllextnguish Il
in a year, or two, but that it will do 60 IN such
reasonable time and ia such reasonable install
ments as Governments and States are obliged
TO resort 10, 10 pay off large debts, It may.
however safely, be asserted that the above
rate Of annual taxation will pay the whole
debt by or before tie term when the last M
stalments of the bonds issued on account Of
the Planters Bank will fall due to wit; in 1871.
The whole 6fthe State debt, exclusive OF
interest is as follows
I9uo 6,r etoek IN the Planters Rink