The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1846-01-31
Ssttnher al.

batemcnl OF five per cent lie allowed lhe
TX payer, il he pays before certain time
IL be stated, say the 5lh Of July between
n At period and the ooh November, no de-
durtlon to be made and # not then paid
he person in default 10 be charged Interest,"
At The rate OF six pei cent. per annum, and,
I he cos's Of collection. 10 meet the Ease
n arge srd populous dis tic1s / IN ,ho
even. Of the reasnreI's inability 10 attend
&c, that the officer TO have The power TO
appoint the deputies, lie and his SUI etes be
inc held responsible Tor ,hei; faithful dis
charge Of duty. The effect OF Ibis meas
ure i. IS believed would produce more rap
I'd and concentrated collections diminish the
EXPENSE Of collections and he greatly ad-
vantageous to the people lr the event of
suggestion not meeting with your approbs-
ZION, hope The recommendation in refer
ence 10 the warrants OF collection will be a.
Aop,ed'
The above plan Of collecting The State
taxes, we doubt NOT, would always in
.u-e their collection within the year of
.(heir assesmen,,and by dispensing with
the machinery Of collecting the abse-
nent of five per cent. 10 the tax payer
for prompt pay men,, would no, lesson
The receipts into the Treasury, but mer
oly transfer The five per cent. from the
promoi paying counties 10 Ptomp' pay
ing individuals.
After stating ,ha, careful iOveS'ig'-
ion of The average profits Of lands in
this State do not yield TO the owner
more than three parcen'. per anum, and
that money at interest yields six per
lcent.-,hat lands are always taxed, and
that the law taxing money at Interest.
lue from solven! debtors, is very i'm
oelfeclly Dforced, he suggests the pas
sage Of law prohibiting the collection
of interest in all cases where The credloe
has failed to have the asses msnl mad.
But one Of the most important sug-
ges,ion is The CONSOLIDATION OF
THE SEVERAL LOANS and the
issuing Of coupons, which woIld be rec
ceivable for all dues TO the common
wealth. 1t would, in the end transfer
our loans into Pennsylvania, and make
The receivers Of inter est our own cili-
zens. Almost every man who was a
bIe would hold suflicien, stock to pay
MS own lsxes--'he people would hold
their own stock-il would create a
home interest in lavor of the punctuh
Dayment Of interest, and place upon an
mmoveable basis The credit Of The Com.
nonweaIlh.
Tne following are the views of the
| Treasurer:
The loans Of the Commonwealth and
the transfer OF stocks, constitute, nj this
period, the most important part OF the
Iiaanlca operations Of The gnvernmen'.
The certificates Of funded debt are sign
ed by lhe accountant officers of the
ICommonweal,h, but the transfers ara
made al the Bank Of Pennsylvania, aud
when made, new certificates are issued
which are signed by the presldeat and
ca>hier Of the bank, and thus the pow
er of binding the Commonwealth is eX-
ercised by the officers Of the Institution.
w hllsl express and feel the greatest
coniilencp ia these officers, yet II seems
10 me, to be contrary to the principle ct
our government 10 place pov'r IN lle
hands of those who are irresponsible TO
In, and in whose indlvldujI selection sha
has no agency whatever.- The ISSUING
IoC bonds that m Ike the S'ale respousl-
Ibe ,thrr care and manage emeni,i seems
me-, should be placed under lhe con-
troll OF the officers of government at
Harrisburg This arrangement would II is
rue cast a great additional labor upon
the departmen, here, but it is right that
these important transactions should hs
nnder the control of officers 10 the peo-
Iple: There are thirty seven dislnc:
loans which compose our Stale debt, a
.eperale sci Of books and accounis is re-
qured 10 be kept, aud iu consequence
Of the many divisions aud rrsEsfar', the
business Is cumbrous sod difficult With
view OF simplifying as much as possi-
bile, i, has been suggested that these va
Irious loans be consolidated into a less
number. If this can be done without
cjury tolhe Commonwealth, in relation
the time o! reimbursmen', aod with
~, doing Injustice to !he holder Of The
,tock, i,s propriery is very evident In
the eveot Of The loans being consolda-
ted and new stocks issued, therefore, it
is worthy Of ioqiry, whether The issu-
ling of coupons would not be sdvsDta