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

| Not that ifthey believed The bonds were IeoaI
" due, they would shrink from .contrili..ssn,
i their proportion 10 pay them OF But ne efIse
which indiuidudl filtsrgSg has Oh the irldOmen
| ef aH men, has nude them iiIsp9fckutiblv 4,
themselves th0ugh honestly come to an errc
heOm cuucltlsion IN leg afd 10 tie le0sl d6liha
/ fi0n CT the State Co eXflnQdish fheuss g
To fhe judgment Of die honest and vel
4 meaning citizens who have thus. been mialed
4 and who Lave hitherto walked IN the darl
paths ofrepudiation, wecOntiduntlv aDuesI q.
l We AK Them Sotiisburfheh tEieit minds Sc -
individual or selfish in6nencbs, and calmly. q
Fenect upon the principles and arguments here
~ placed before them. We ask them to Re.
view the consequences, both legal and rflofal
OF tne doctrine Of alaep6diationS and awe Fee
assured. that hsnchinvestigationais honestly
ana sincerely made Mississippi win be soon
e8alteu from the degraded position which she
now occupies IN the eyes Uf Our eistar Sfafes
and OF the civilized world. ~ -. s-s1-s
We have said that false aud exaggerated
stafesments IN. regard to- the amount and
rate OF taxation which win be necessary to ex.
tingu:sh the bUndss have been made 10 the
people. We explicitly and positively deny the
truth Of these statements. No exorbiiant or
ruinons system Of taxation Is necessary to be
resoried 10. No sacrifice ofproperty isreqnif-
ed to be made. That taxation to some exlt mt
Is necessary, we do no. deny, the debt cannot
be paid without it,; but we assert that the tax
required WILDE far from burthensome or op.
pFessive. Suppose the present rate of taxation
were doubled. would any correct and enligh-
tened tax payer. consider such rate of taxation
rninous or immoderate What, permit us
to ask is the present rate Of taxation /! It is
25 cents on every one hundred dollars al
which the land of the tax payer Is valued !;
seventy five cents on each slave between
five and Fixty-a poll tax Of 50 cents-1 per.
cent on money loaned, d-c. drc. [See Reven.
ne Act 0fIS91, page 52.l
This taxation is tlidlng compared with what
other States and countries have to pay even
to support the ordinary expenditures of the
Government.-Even now in Louisiana, slaves
are taxed two dollars head from the infant of
day old to the man of one hundred years.
In Illinois the land tax 10 62-l-2 cents on the
one hundred dollars, and yet we hear OF no
complaint that these taYfR are exhorbitant. If
we double our present &Eate. nays if it were
trebled, 1t would be far from ruinous or OPP
pressve. If it were doubled; land valued al
one thousand dollars would only be taxed Ave
dollars. Land valued at ten thousand dollars
would only be taxed fifty dollars. Ten slaves
averaged at three hundred dollars 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 taxation az this No man we are
assured. but him who would refuse 10 contrib
ute his share of taxation, though It were but
five or ten cents on millions worth OF proper
And YET, strange as it may appear to those
who have not reflected ON the SUBJECT, the
above rate of taxation, together with the sum |
NoIforn (which xuslI
=
lot funds, will not only extinguish the princi.
pie and interest of al. the bonds, but win /
also pay the annual expenditure of the |
State. Yes, citizens of Mississippi, such is
the trifiing bribe:for which it is expected by |
the regulators that you will sacrifice the hon.
or and integrity of your State ruin her Char
acter abroad and perhaps endanger the integ- |
nty ofthe Union. ss.@
We have said the present rate Of taxation |
doubled VIII extinguisE all the State liabilities
We now proceed 10 demonstrate it; however |
that we donot mean that il w.llextinguish It |
10 wear, or two, but that It will do go in such |
time and in such reasonable install |
ments as Governments and States are obliged
10 resort to, To pay off large debts. 1t may.
however safely, be asserted that the above |
rate of annual taxation will pay the whole |
debt by or before the 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
l1ue for stock in the Planters Bank
On thel st July l64l, el250Oo
1876, $4,000
1851, $4,000 |
1855, 125.0O0 /
.. 1851 100000
~ 1866 $4,000
1871. 100000 100000
Due for stock in the Mis-
sissippi Union Bank Il
on Ist Feb'ry. 1850, 3 1s25o,oo II
j 1858, a.75n:ooo-$ 5.ooO,o9o
Outstanding warrants; about 100000
Whole debt, 100000
Accordift, to a report Eeade by a coin