Monongalia mirror. [volume] (Morgantown, Va. [W. Va.]) 1849-1855, 1852-01-03

should consider that he was fpcrranl'
ihe duty aud obligations Of good,cilizl
! Il he did not, in such matters, cnIir,
discard parlizan feelings aud ideas.
MI. Robb then proceeded 10 unfolil
great advantages Of making New oilea
the outlet oi The grand line OF lailroa
projected TO traverse the whole county.
II such work cost leu millions, tho
mpunt should be raised II would be
excellent Investment. In Louisville, II
question Of taxing the people ioconsiru
railroads. had been carried hy four 10 on
Tho properIy.holders opposed II, and ca
red itinlo the corris Mr.. jacobs, a lar,
properly holder. headed lhis.opposiiicn.
He IS now The President Of lhe Rad. on
says thatihe only mistake made was, III
The TAX was not levied exclusively on re-
estate, The inc.ease on the assessineI
Of the clly since the road was comnlen,
led, Is four millions, more Than twice d,
amount qf the tax imposed. For the ia
! paid, scrip was issued. which commando
s5 cents nl The market. And The propeI
~ holdernct only hud his property treble
in value, but received III return for nj
lakes, scrip which circulated freely, a
money, and entered inio the currency q
The communilys Like causes will proauc
Ike results IN New Orleans. live leyie,
a tax 10 build a road 10 Virginia. or Ten
aessee, in ten gears onr population wnni.
beineIeased 50.Qo0and an addition Of $40,
00o,uco bc made 10 DIR assessment roll
Bat twas said this tax was ag,arian.-
III was agrarian to tax one species Of pro
perry without taxing another. WHY, dit
we not tax every species pf property here
Was notIrade. coInmeice.-wefe not Oh,
shipping interests so heavily taxed as near
ly to drive away all vesstls irJm oul
wharvesi Aud yet when III propossd
10 tax the only species ofpfoperty that
will be permanently benefited by Inter.
nal mprovemenls.-to rai-e the funds
with which to conduct them, we are told
that it's agrarianl
Among other oppressive taxes we have
here, there is that on capital, which is
unknown in any other community. "A
tax on money invested, bonds and mort
cages on real esIaie. he tlId no, regat.l as
unjust. as they involved, to a certain ex.
teni, title or interest in property, and
had 10 be enfufced though courts which
HE Stale had 10 sustain. But to laxcapi-
'al engaged IL commerce and trade, ,ss vas
he case under cnr present law. was mn
dea which originated with The S,lons of
louisiana He might shave noles on The
IIfeet 10 The extent Of mi|liuns. and the
laS tssessor copld never catch him. bu,
he man engaged IN tnde. who is put down
" lhe assessor4o ccftnin smou6t, does
'oi Ike q injufe his cfedi, by aclnowl-
dglar ia1t the assessment !, an exaEeera-
ed one. So ho submits 10 Ihe imposition
0 keep up his reputation. Such is the
peiation o this system.
lie hal. bsen accused Us having capital
. business of half a miIliun Of dollars. be.
ond what he prolessca 10 have. People
laie him The depository Of large sums,
nal their guarantee Of security was his
IopeIly, real aud personal, here and
sewlleic. ard this he knew was most
s lqE w lss!IsyI"g sas sal every conf
'use. When this capiialtay appeared
ducemeut was furnished 10 place il else
here. II was a most nnwisc measure, /
apiIal wasihe life.blooi Of commerce. ~
j our Transactions hero afe conlnsiel
credit, a msnin Liverpool sends ont
} older here 70 buy cotton, --his agent
ukes- the purchases, and p0ys In bills on
, principal. Now, IL there was no one !
buy these bills, the purchas could |
y te made. Thus we find ND credit :
d capital werc the basis Of coiilnerce.
Z would illustrate The adyaulag Of this
edit By The case Of ship arriffg from !
'nion IN any one Of the laIge eEies with D
,aluablr cargo. This cargo iIdisposed d
iia, 10 wholesale meIchaiIs, on six
d nine months paperi they in infn, Il
Il the same to smaller MERCHANTS al a.
oIicr credit. and thus oae cado nfgoods y :,
cduces an infinite number f tansae- ~
ms, oil founded onrndii. Sch are The OF
'eraiions Of credit. when wa iirecled. ol
e must have this sort Of ledit III our OF
y. We must 20 foworlaaul invite 81
d eniice capital aud iudu{y here, in' 4,
efy way that We can. W lavs no n, NJ
ne TO lose. The enemy Is lready upon ~
II will demand uiicoftion energy az
gam what we have lost. fhs subscrli. 40
i for the iailroai frpmiMemphisio sic
aitanooga had been rlbh He tMr. cfl
bb) had subscribed a lef, amiunl TO G.
i road. Some people ire surprised vo
this, but be w6nl.l ielllheln that he ~ y.
'.ctbed 10 this road III lhik, pan 'na
The grea, road from w Orleans la op'
lsliinsIon, IN lie fulEonndpnre -Ihsf SuI
iisiaiia and MississipJ Mould complete est
ir branch III This fl; Virginia hni car
FIVE milJis of bsni. 10 Sta
npleie her partaiiif ffpad. from byneh- ra,
x 10 The Trnncsse,|ue These bonds "
nniani, in the mgei, q prommm ol ~ =:
per cent. Tfaf afiionni Of Lan. miu
ma bonds were d IN INTO the marker pro
! would MT ~ loF lprly cents OH the
dollar. Lnuisy', too, Is stretching lited
her iron arms irieet those ofNash iled
Z. chufleslne rapidly relnpleiing 4, Il !, y
road 70 Cb1nohga. Thus, il NE ~ y, y y
Iain ialle-n u we do hoi acr, aud alli'
mptly. IN afty short lime New Or, thus
Is will be On from the whole from
ntry aboyfommsrce, d small iown Of N
se Memf This will BE- The lliah. M
nonherl point Of our iiade. Slfch Y
be ths hsequence Of cur ALTERING caus' aus
arryiugfwarl tbs great work. solip
Il. RIlii ngtundernie Tie aiyan. lornl
4 Of fOpelgpsas road. Oh lie corr. llle
/. NJ fraidrd iins d very impotlnni thus
lid as important 10 The State n being
81 lflnal was 10 New 'York. II the daily
h labuld send limio the Legislature c,,.,s Z
y cordially aid work, as one W., NE y
~ 70 develop q mos important m p'rivI
|1ablr mari Of onr Ciat. Al II az using