The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1847-01-16

substantially the estimates that have been
presented.
The sum of two hundred thousand d"l-
ers which is no. annually appropriated 10
Tia cancellation OF Ihs releG issues, aud
/" hich is iDclnded in the estimates is dis
charging that amount Ct the public debt
lyeaiiy, and il in fact On o1isiing sinking
lmnd.
| If therefore the conclusion at which I
have arrived shall prove correct that the
itaxe. assessed unde; existing laws on real
and personal property with lbs ordinary
revenues and az amount from Ihe public im.
Iproyeusnl5 equal 10 that reesived during
The past ysar will prove sufficient to paw
the in.erea! On the public debI and other des
mand Upon the Treasury the annual in-
crease Of tolls span the pe5ie works may
be added 10 ,ha present sinking fund Of two
hundred Ihousand dollars year. From the
IeEoerc0eo Of the lh!ee lasl preceding years
Ibis jnc;oacs may be fairly es!imaIed for
som5 years to come at one hundred thou"
SAM iU,I.rs per sanum, and if it be added
tnnu.l!y % ih' existing fund roE the cancel
ls,ioa OF the relief issues they will all be
taken ont OF cirtpla,ion in a6ou, three years
st winch la!3 the State will have sinking
,Gun3 ui .s!i million of dollars TO COM
mencs the !iliuia,iou OF hes funded debt,
iThe application c. this fund annually with
/ It's accruing iatercsl to the purchnse Of five
per ceu!. S.ale clock a, par will at the
end Of ten years, discharge 90 295, 929 Of
the public debt, oGd, at tbs cad Of twenty
years, SlG.532.65l, which will reduce the
.laabi, including the cancellation Of relief is>
sues. al the end OF twenly-Ihtee years from
3 this time, 10 the sun of&23 lT5 032, Tbs
'lnQi income from tie public works will thea
, it Uay be fairly presumed. DO more haR
ample TO pay the interest on the State debt,
( land the people may be en'iIely relieved
! from all taxation, for the paymen. OF iG!ers
est. IN fact, there is reason 10 believe. that
he i0c;aasel wealth of the State, and The
REORGANIZATION of business on tho public
/! work7, win, al much earlier period admit
B # imyof!an; reductions in he taxes, wish.
u ut setafdins the consun!maiion of the fore.
IsoiOg plaa i1r reducing the debt Noiwiih>
Is!aaG.ng some nay be disposed to view
ilheeo suggestions as visionary, have the
Inos, onsiio confidence in their prac!icabiIi-
lIy, provided the public works shall eoutin.
= ne 10 be managed ~llh integrity aud skill,
the tax Laws fairly executed, and The gov
.srnmen,, in all lis departments. honestly g.
r. faithfully administered.
\ IN connection with lbis subject, ls~
1ispectfDiiy recommend TO The General .7s-
isambiY 'he propTioly and policy of propose
: ling TO the people an amendment TO the con,
| Nimdan Of The State under the form. Of tho
tenth article of that instrument, by which
( 'he income from lhe public Improvements
, 'l!er dedocIng The necessary expenses for
! lgepalrs and upetintendeure-th reyenus
d I,arsing from iho State tax on real and per-
Isonal property for a certain period and such
dlohcT Items OF income as meV bs deemed
i !eXPediea' II include shall be SCI apart and
be sacrctIy pledged tsr lhe payment Of the
e loteJes' upon 'he public debt and ,he grad.
aa' liquidation Of tue principal
SJch an amendment, jadlciously nrrsng-
! d, would iapprehend meat ."iu Ina dec-
. 'ed appreciation Of his people Of ,he Com
pon"caIth. 1t would concentrate publjo
g icrelis 6nd lay tho foundation Cor The final
+ ex'inGushmeat Of the public debt, |, would
o give al additional security end assurance TO
} he people and to the public creditors ,h,,
. IN 30 event could the public revenue be dl.
= vered from its legims!o ctiec, and would
: Iinroish conclusive reasons for the uroo,n
and chco'ful payment OF ,he ,axea.
r' ! would respectfully recommend care,
'ni sNamua'ion Of The operations ol rhe ex.
' 7"ng lax laws. Taxes however cor,oc,l,
- hey may be arranged by law fall 20 Ger
D van extent nnequalIy upon HE people j,
J consequence OF their various c,rcuu usi,nce.
j. aud liabilities; but if TO this unavoidable 70
Il sun be added careless and irregular assess
81 men's by which large amounts of pronsrr
!" escape taxation great injustice is done f.
- Al N = ..l.