The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-02-28

ARRIVALS. Exronrs AND STOCKS NEw oR,rA~s, ron
Years IN. .ani sl.'0 ''i Exports sps s.AA Stocks
s s.ss ;isss ssss i sssss
s,I-,i -: s sS,ss sssss s ssss
is,s-sS ~. s5ssii siS.xS l lsssss
issls -: ssI 1s " Ssss7 " ' So.
The stock hand the 18th instant this season. exceeds
that of any previous The exports have been
limited since 1882 they this year. Cotton has been
shipped the north part this country for speculative
purposes Advances having heen obtained in this city,
at small Margin Spectators at the South preferred
sending here than to Europe. Spectators in this city
induced TO advance much as possible held
the South to prevent its being shipped to Liverpool
and creating decline in that market.
Sometime since we stated that the Committee Of Ways
and Means the lower house of the Pennsy Leg
ature would report bill for the purpose Of raising
revenue to pay the interest the public debt The bill
as presented does not materially differ from what then
represented is called "An act to the
of the State and redeem the public faith" The prin
cpa points in distinctly stated to be for that pur
pose.
The LIST section the species Of property subecto
taxation which comprises nearly all the personal and real
estate investments, sc.
Section 2nd taxes all shares banks and other incorpo
rated institutions.
Section 4h provides for equal assessment 0ftaxes by
the appointment of seven commissioners to meet at Har
rsburg, within 90 days from the passage of the act to
proceed ascertain and determine the fair and just alu
alton property in the several counties made taxable
by law make all taxes bear equally practical
BILE upon all the citizens Of the Commonwealth.
Section sth stpulaes that the County Treasurers shall
pay the taxes collected semiannually viz fifteen
days before the LIST of February and the LIST of August in
each and every year. to the Treasurer The amount
remaining unpaid after deductng such commissions as
are or shall be allowed by law for the collection of the
same she'll be charged against the county or counties
delinquent and shall bear an interest of six per cent till
paid.
Section 18th we give as reported in the BILL itpro
ydes for certain class of creditors in preference to all
others
at shall be lawful for any person. persons or bodies
corporate whose claims enumerated in this section
on delivering up any certificates other evidence Of
Indebtedness of the State held by them receive for the
OF their respective claims certificates OF stock al
hereinafter provided and the Governor is hereby author
sons bodies corporate to certificates OF stock
transferable the books Of the Auditor General to be is
sued aforesaid which certificates shall be signed by the
Auditor General and conntersgned by the State Treasr
or, and bear interest # per centum per annum,
March, is49 sooner at the pleasure Of the Legislature
viz for certificates issued by the commonwealth for in
preparations and balances of appropriations unpaid on
the first day Of December 1913 not exceeding one hun-
dred and twenty nine thousand dollars r esi6cstss oi
domestic creditors not exceeding two hundred md six
thousand dollars, for payment Of hysix teusant and
twenty-five dollars the balance of loan due the af Of
June, lS4l and for loan Of sixtywo thousand hve hum
dred dollars, negotiated the seventh Of December 1885,
and due May LIST, 1874"
Section 18th levies oione dollar every hundred
clear value of estate real personal mixed ofany kind
whatever, of any person who may die provided the estate
is valued five hundred dollars.
Section 10th makes the duty Of the registers for the
probate Wills granting letters of administration to
see that the conditions the 18th section carried into
effect according to law.
Section 18th states that the total of the
raised and to raised under the provisions Of this act
and the of June lth s0 and July 27h 1912 are to
appropriated to the payment of the interest on the pub
lie debit and part of the shall be used for any
other purpose until said interest shall have been paid
in full.
This last section is the most pointed of the whole
eighteen Its provisions just and proper The reve
nue. from this bill will meet the annual interest the
total public debt Great dissatisfaction has for long time
existed in all parts OF Pennsy lvania In consequence OF
the unequal mode of taxation Not more than twothirds
the taxes levied been collected this account This
objection guarded against in the proposed BILL by
ing the county commissioners of the counties to
make valuation and assessment ofa taxable property in
their respective countless and return the to the State
Treasurer, to be laid before the commissioners
|
decision Inequality of taxation, under any form of
| government creates trouble and danger. When the
burden falls all according to their ability the require.
ments of the law cheerully submitted to. Difficulties
have heretofore existed that have been and
Judging from present ements we should think the
Legislature of yvania did not intend adjouning
sine de- without to their creditors tho
their claims were not wholly forgotten. Still taey hav
great load to carry, and merely passing acts through
| ~.
principles that still exist in the minds Of many
without doubt be great deal Of difficulty
enforcing taxation exclusively provids fanda
payment of interest the State deb& TIC ttxhs 'rs
already very heavy, and in instances where We tare
kind Of property taxed additional per cens Tor m's
purpose it will prove runous to those nct"'ed y the
clause The committee have % far . @id m their
power, taxed property heretofore susr 80 re- and
in every case have avoided additionnitses % same
article The bill will undoul isdly ..eee VIZ 's1oHT
opposition in its passage through "'n msr'oa o ne
Legislature and may BY smeris ~ "'sy "a YIN
many of the features heeIA Z ana
Osae.S on' aas,,ar os. Nm cemittse
Of wv WAYS ,, and ,s Means, s. g sn aad per
cent tax sufficient y sw .ss, ,,o., .ne
ss ns,.as. ,ha 80. 4 Hive cat ~ oongraulation.
onS ,hs Rev nI snnAs s~s changed
into eul0sis'. o,~ttssse 1910 !, -. r,,,
$1,000 100 ~ : :s' y, 20 & ''' Trad ~
s sSs \ ! s 81; z rs,S n,rm., So
': :.:: = 3: i. sf'asR r. *
"a 4; A! Z /. A A + Is Is IS; Il
Sc ''' a % L l' so Rh 30 4.