Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1848-08-02


EdgefielL pays il lax which Is u"t paid by
The country. ! remark further, that the
Commissioners of Rnads, having unlmi-
ted power of taxation. have Imposed a
lax of 80 per cent This year. and a similar
one in pasl years, sometimes more or less.
on the State tax. The following slate
ment will show very nearly, the amount
of tax, which the Village pays to The Com
missioners u! Roads. for the District at
large.
Value OF Town Lois in the
Village On which tax is paid
tn the State SlS0,0D0.
The Stale tax on this is, Sl50 90
On value of Stock in trade. lI3 O0
g value nf professions, Law and
Medicine l2O GO
"476 Negroes, PAT So
Tax paiG by VilIaeeI 10 the Stale $500 SO
On this sum the Commissioners levy 80
per ccnl. amounting To S307 3G. This
sum is paid over to The Commissioners of
The Roads To be expended in the DISTRICT
al large ercluSiUe Of the corporation, the
Commissioners Of Roads having no juris
dcion within the Town or its corporate
limits From this it will appear, Ihar The
Vilase pays S307 36 annually as Roa'i
lax to The District. not one cent of which
is, or can be expended in lis limits. and
thai Of this sum Sll4 is raised from
State TAX on Town lots. which the country
does not nav at all. The Village was in.
corporaled iu 1880. So that for lo years
similar lax has been paid by il 10 the
District, making The large SUM of about
Five thousand five hundred dollars, which
the Commissioners of Roads have received
from the Town during that time, aud no
part of which was expended within the
corporation. And it is proper TO add,
that during that perind. The money arising
from licenses has aIsn been received by
The District :. hen these views are con-
sidered aud many more might he added.
] think may safely leave an intelligent
and rejecting people TO determine whether
there is any just Foundation for The preju
dice and clamor, which have been Sollen
up ou this subject. If there is amy prin-
cipic on which The effnrt to recover, this
revenue from tho Town of EdseGeld can
be sustained, why do not lhnse enlisted
in il, also embrace our sister Town
Hamburg in their cxer,ions TO put things
right.
do not think Hamburg ought to be de-
prived of snch a source Of revenue; but If
Edeelie!d is. il xoud be diliicul, To jnstily
the discrimination. Hamburg receives and
uses the money arising from licences IN
much larger extent than Edsefeld. re.
grel to learn that many of my fellow cili.
zens have embihed erroneous notions on
This subject. But am sure if they will
carefully think and examine for Them
selves. and watch more jeaously The sus
ges,ions of designing political demagngues.
who are always mounting some hobby.
lha, their minds will be relieved hom all
misconcrption.
Iresre: the length Of this article. Bul
cannot close i, without word in refer
ence Ia the Bank question. | have for
years been opposed to State Banks. The
experience of the country in the case of
the United States Bank, the startling fact
that all such hunks in the other States of
the Union have failed, and bruueh, dis
Iress in their train, show the impulicy of
snch institutions.
The capital of State Bank is always
in effect. raised by taxation; either from
taxation originally or by Inan To he paid
by taxation afterwards. Can the policy Of
either taxing The prople to raise capital
fur Stale Bank. or Of borrow sing money
for such capital be justified! | think Thai
our Bank has not made annually z per
cent. on its capital. Why take THEN mo.
ney from The people. to whom il is worth
per cent. and put i, where il is less va.
luable. and pay Bank officers fur Ean-
aging il. think such an institution dan
serous. Ii has heen slronsl ly said that The
tendency of such Bank is to run into Po-
lilics. and of politicians 10 run into The
Bank; and The history Of the Unied States
Bunk verries that sentiment. do not
undertake Ia say that our Bank is obnox.
inus in this respect. 1t may or may not
he. If so disposed, the Bank may exert
strong power over the politics and lesisla
ton of the country.
II there were no otl.er, think The most
conclusive objection to such an institution.
arises from the utter impraclicabiliy of
fuirly investigating its concerns. The peo- !
pie have moi, from The necessity OF The
case, the same facilities and urgent mo-
'lves for rigid investigation Of such Bank
as belongs To. and acluale stockholders in
private bank. think that no overruling
necessity can exist for rechanerins our