The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1855-01-31

and other productive stocks 5s,iSa "a
From State bonds belonging to the
Treasury, as part Of the income
Of 1855, from Nov. LIST, 1854, TO
Nov. list, 1885, lll,0Oo W
S5aI, 6s4 "a
A total change is recommended in
relation to the tax on merchants, both
for the purpose of increasing the re-
venue, and for the sake Of the greater
uniformity and fairness in the levy.
The ad-valorem system has been a.
dopted, and provision is made that one.
eighth Of one per cent. upon the capt.
tai invested shall be the tax. If the
mercantile interest of the State is as
sumed for the sake Of argument to be
twenty-five millions Of dollars, then
the tax proposed While be ISL $50.
This system IS preferred because It
operates equally upon every trader,
whether his capital be large or small.
Under the present law. the highest
tax paid BY a retail merchant is TWEEN
ty dollars. Under the alteration pro,
posed, capital Of one hundred thou
sand will pay sl25.
The COMMITTEE recommend tax Of
five per cent. upon all splriluous liquors
and wines not OF the manufacture Of this
State, Ficm this source All income =
locked Tor MOI less than sixty thousand
dollars per annuni. Other articles mol
OF our own growth and manufacture, pay
large sam into our Treasury. and the
Conmiliee, selecting this as IL subject
Of taxation, have reported bill 70 sia!
effect
| A change l. made in The lax on cons
mission merchants. lax is laid Of five
per cent. on all foreign drugs, medicines
aud nnsirums sent to this State 10 be sold
aud fifty dollars on all nnn-resldents Of
their agents, selling o. offering 10 sell
goods by sample; AMI one hundred doll
lars on all forwarding express companies.
A tax Of twenty dollars on all persons
retailing sriri,uons liquors. wines, or cor
dlals, By measure less Than gallon, Is
recommended.
Ofthe tax on land and polls, j, is pro.
posed thai five cents on tie poll and iva
on land be set apart lor The hunalic Asy-
lum; the sum now paid, viz: ] ! on land,
and 81 on The poll.
| The ConmIiiee recommend an in.
crease Of money paid on entries Of VA
cant land 10 fifteen cents fol any number
Of acres however large or small.
| A radical change is recommended IL
another part Of our revenue system. viz
Iiha, taxes be levied and collected 10 .ht
same year that lands be assessed every
i've years. and that plan be adopted L
produce greater uniformity in valuation
all OF which is set oul ia bill reported
heretofore To the Senate.
| In twelve months from ihi, time. il i
confidently hoped, tia. lie Nnnh Caro-
lima Rsilroad viii be completed. i lii
aid asked from The Stale be given BY TIM
Assembly. Should this stock paw iw,
per cent. upon three millions, which ma;
become lle States subscription. this vii
discharge. 10 1856. lie interest upon III
last million lor which tile company i
asking. Should The hopes II the com
psny be realized, and the Y lad sustain
itself, paying It's expenses aud the lnieres
upon the State bonds. The Treasury vii
be relieved nf a heavy charge. and goot
be accomplished I,r our people whlrl
they and their pos,eriiy viii feel and az
pieciate IN this am. ia future lime.
&c the Recommendations Of the commit
tee be adopted. we shall have an income
never less than four hundred ihousant
dollars per annum, and with al this alt.
diiinn 10 ouI fnpans lliat nav be lnokel
Tor ~ the future. The wants Of the Treas
ury may be supplied. The expenses II III
Siaie Government and The contribution
and lie all given in the prosecution .
public works amply provided for. uni
lhnse works. when completed, shall pro
vide fsr lhrmsel es. and exhibit her ligl
! their grand moral effect IN binding loge
ihrr with bars Of iron and with liaoks Q
steel, al The members Of nur romnn
Innihei 10 iDeir interests. their Affections.
lIIeir hnpes. anil their aspirations.
Respectfully submitted.
4 SnEpIItDn nEsn