The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-11
NEW YORK HERALD, MONDAY MAY IL, 1857.

In error vs. s STATE Of Maryland Desebex term Of tns
supr me Court Of the United States 1885," .whstever
prety and ownership, belongs 70 the Sstc on whose mari
time border, and within whose Territory Hes" And this
a certain public rshs among scS i N. a com
liberty OF taking ns well sheaf ash floating nah
which the soil belongs, and that State may regulate
tho enjoyment of the right or the fisheries.
The right to pass laws regulating navigation and its inc
dents belongs to Congress but the regulation Of taking
fish, floating she'll In their waters, belongs TO each
State respectively. Virginia may not prohibit the
citizens Of other States from Transporting her fish
in their vessels; but she may the monopoly OF
taking her Gsh in her waters to her citizens
And 10 guard the enjoyment Of that exclusive right and TO
preserve the fish and their spawn from destruction she
may pass regulations and levy TAX from which she may
derive o revenue. Hn.
would yield very considerable annual revenue Tho
soil upon hch the oys grow extends over space OF
than 1000 square miles, About 10 900 tons Of IL
censed vessels belonging " citizens and at least dve
times that number OF tons belonging To citizens OF other
states making In all 5000 tons per annum are engaged
In the oys trade Of Virginia That amount Of tonnage
for than twenty 1--WE 70 thirty millions Of
bushels Of oysters taken and carried away from the public
ol Of virginia every year inc oysters are worth from
cents per bushel in the market, At wholesale tax Of
two Cents per bushel twenty FIVE millions OF bushels
collected under inspection laws BY than four
small steam cutters, annual Of than
not exceeding $4,000 per alnum, leaving net
from this jas p,.blscum of s450, 600 per annum
The second involuntary source of revenue the policy
Of insurance Of all lives and pro rty Of her own citizens
by tho state. Is strange that, whilst banking
ries and Ike subjects have been placed by Legislation
surance sni has BEEN Umed Iy the States IL Com
federacy cutting them OF from revenue by duties,
customs, and excises. Why not allow our ctzeus
surers TO each other? Why not resort TO Of
where the very tax protects and insures tho very
property which il burthensS Why not allow the contri-
buttons which are voluntarily poured in large sums
into the Golfers OF private companies chiefly OF the
State to be voluntarily poured into the State Treasury
lessen involuntary axations Why not let the public
pendures be borne by tho wealth Of the State willing 10
pay them, rather than let the poor who unable and
unwilling TO bear them, camoring against taxes which
must alone uphold public credit and
public works. There can be fraud and favorsm
against policy by the State than against policy by pr
vac companies and allowing the largest per centagc for
losses by both, still large revenue would be yielded.
There need be cost for of value insured for
amount insured The cost Of inquiry as to actual loss
may be simple and cheap a writ Of dd q,od dam
s to ascel tain by the verdict Of jury is there fraudf Is
not known 10 private insurance may be embraced IN
States policy We live age of the lucifer match and
remarkably rife in this day and night wheat in the
garner crops In the held well houses might be in
to the greater guarantee by State rather than BY private
security No compulson would be necessary or allowed
An would be froe TO insure not but if they insure pro-
hibt them from negotiating policy any property
Life In the State except at the offices OF the State Treasury
ct every county court house.
Besides life insurance or whites, Virginia has of insu-
rabie property not less than i've hundred millions. in.
Guiding houses and slaves and annual crops If
Of that be insured at three fourths Of porent
would property be 1915 per anpum, and life
assurances estimated ut half much more the whole
might safely BIO estimated to yield net revenue of
Oc0 per annum And this Is speculation.
The Swiss Cantons have proved the virtue OF this
raising revenue; and ia ne experiment TO be tried in
Virginia herself the insurance Of tobacco warehouses
shows.
And besides these two OF voluntary revenue
that from tho involuntary tax bill may be largely in
creased by amendments OF the law securing the better and
more certain valuation Of property Horses for examD
cannot now be bought for the plough less than
rage OF 500 each and they returned am told at an
average each not exceeding $50 BY proper
the present tax bill, without increasing the rates of taxes
may be made yield least 5000 900 revenue than
docs now, annu under the imperfect Of
The ad ruLorcrr principle.
The case reslaed, them would be-