Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1854-01-05

: them than the accumulated wealt
of the world combined.
In concluding my remarks upol
this important subject, l will call t,
my aid the language Of an pt her
which much more fully and 70 Fcibly
expresses the value and import TtdncC
of education than anything that may
or can be said by me: "Edpcatio n is
;t companion which no misfort unc
can suppress no cline destroy INC
enemy alienate no despotism en-
slave At home, a friend; abroad, an
introduction; in solitude, solacei in
society, an ornament. Ii less ems
vice; it guards virtue; it gives at
once grace and government 10 &C.
MUS. Withou / it, what is MANI a
a splendid slay {. Il reasoning sava gel
vascillating be tween the dignity OF
an intelligence derived from Q cd,
and the degf; dation Of br utal pas
sion"
The cause of education is now
submitted to the Senators and Repre-
sentatiycs of The poofle, to be lis
posed of as thf fy, in their best ju udg-
ment, may dee n most conducive TO
the public good
TAX OH MERCHANTS.
There is SOME complaint with be
mercantile interest, in consequence of
the unequal anfi discriminating dpe-
ration Of our revenue laws regpla-
ting merchants license. The com
plaint is not without some Foundation
and good causd on their part. The
law, as it now stands, requires all
wholesale and retail dealers lin mer-
chandise in this State to first pay into
the Treasury @f- the State bno-half
Of one per cen t. on the invoice cost
OF all goods yehded by them. The
main cause of the complaint, as |
understand it, is, that in the first
place, the Who'll bsale merchant by the
revenue law, is required to first pay
into the treasury the one-half of one
per cent, or I'll fly, cents on the hun
dred dollars. After the tax is paid
by him into Il lIe treasury, the retail
merchant then purchases the same
goods Of him llnd takes them to an
other establishment, in or out of he
county where purchased, as the ca Sc
may be, and vd nds them again; for
which be is red uired to pay e-half
OF one per cent or fifty cents on the
hundred dollar $, into the treasury;
which is one \ per cent. paid to the
State for the goods thus sold BY
this process it Eill be perceived that
the State lays double tax or the
goods purchase d from the wholesale
dealer within t be limits tf the State.
The business I'd tail dealer has no DIFF
fculty in undf frstanding tile opera
ton, and finds lit to his interest 20
go beyond thd limits of the State
to make his p brchases, aud thereby
save the one-h tlf of one per cent in
the purchase 4f his goods, or fifty
cents on every hundrq ID dollars. 1t
must be obvious to all business men,
that if the Wholesale dealer is re-
guired first to pay the tax into the
treasury, that when tie retail mer-
chant buy Is Of him lie must pay it
back, and THE b when he makes sale
Of the goods he must pay like
amount ihto ihe treasury, which is
practically compelling the country
merchant to p by double tax to the
State on the s; me goods; which, as
matter of coul Sc, makes it his inte-
rest to 60 bey4nd the limits Of the
State to make bis purchases, and be-
come the Gust pmers Of the foreign
Wholesale dealer, instead of the whole
sale dealer at home; and to that ex-
tent operates ;igainst our own COM
merciql cities and commercial men.
1t is most manifest to my mind
that the practical effect Of the reve-
nue. law, as It now stands, regulating
merchants license, is to discriminate
against the merchant at home and in
favor of the one abroad. The subject
is, therefore, submitted to your con
slderati9n, with the hope that the Jaw
will be so modified as to place the
mercantile interd st Of the State on
an equal footing and ina field of fair
competition with like interest Of
the other States Of the Union.
BANKS.