Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-10-25

I
OF she tables in the Report showing the taxes paid
v the counties and the amounts drawn by them
rom the Treasury, the comptroller remarks as
oilows:
TaE Cot-NrrEs.-An interesting table viii be found
.ho,ying what each county paid into the Treasury
md received from II in IS5S-iilustrating the bene-
fts and necessary evils to them OF the State govern
nent This does not include payments to charlta-
BILE institutions
vnq the average price Of lands and taxable slaves
for each county. The assessed value OF slaves Is oy
no means uniform. IS II probable that IL eau DC
made So Ours is an adj vaorem tax: the "Eaiue 70
he ascertained in such manner as the LeSlsi''uI
ebaT direct so that the same shall DC equal anu
,nifoTu throughout the State Ton. Ar. z ) %.
This value must be governed by the Judgment Vi
the various assessors throughout me Sta1e' lor;
is uresulned the Legislature Is prlMbiled Dy tie
Constitution To levy specific tax upon slaves as
% ,tJ,a, States do: and. if the power were given,
~. r,olic, Il o1estiunable and would be depar-
ture from the nd val0rem principle The following
note from the Report of Mr.. Ihweatt, the Comp
LIE. General Of Georgia, will show the rate of
taxation for slaves and other property for most of
tho southern and some Of the Northern States. 1t
will also be SEEN if our State tax be reduced TO
ants upon the $780, that the people Of Tennessee
will nav smaller tax than the people OF any other
State in the Union
NorE.-With the slight glance have been able to
Give the late Tax Acts, within my reach, OF seYerai
Southern States find, that in South Carol a. upon
lands in cities, towns villages, bOr0uSls &C. inc lA
is I2l cents on the Sl60, and upon other Janus y
"a cents on the S100 and slaves pay 40 cents per
baad In Kentucky real and personal estate Is taxed
AT II cents on the $l00. In Texas Ia cents on INC
SIOO In Mississippi l6 cents on the SlVO on iaHl'
20 cents on money &c, and 40 cents on eieh siave.
In Arkansas. l62 cents on the SloO III floiiua 10
cents on tine 500 In Virginia, 90 cents on the 9ioV
ON real and personal estate and 81 ~ cents @"
| each slave In Alabama, 20 cents ON the SlVO on
real estate and other property 90 cents on inc SloO
ON money at interest and an average TAX OF ON ce''s
| each slave those between ID anu % years vi ~
| beino 81 10 each)-while in Georgia the tax on
Land and slaves and other property, Except ballh
and Railroad capital) is now but . cents on 'li'
500:
tax in South Carolina and Texas Is near double
tba+ of Georgia the per cent of the other States
named are more than double that Of Georgia, an'
in Alabama it is nearly three times larger, WINE II
Virginia upon real and personal estate, 1t Is mor'
than five times larger than in Georgia.
In Ohio the per cent, 81 cents on the Sl0O, /
four times larger, and in Illinois, the per cent ta'
CT cents on the 500, Is nearly nine TINES more Ila
| it is in Georgia
The increased value of property for a series o
years. which is given in tables in the report is thu
summed up:
IycRE,sE IN THE VALUE OF PRorERTY.-For serie
p | Of wears as will be seen by the fables the taXabi
propertv of the State has been progressively IN
creasing Since 1913. the taxable property has n
most tripled itscf-then il was worth SIz9,olOO4'
nov IT Is valued at S3I7 2O9.64 These are the II
iative values for 1913 and 1859 though the actua
value at each period was greater properly Delli
always assessed al less than 1t Is worth. rms a.
| tonshing increase may be partly accounteu 1of D
+ the growth of population and the consequent accu
b mutation of property and the enhancement OF re'
estate effected by the influence OF the internal III
II movements AMI railroad system in the state III
a | bv far the most powerful cause operating upon ~
II iua f 1rnucrty has been the increase of the pr
cious metals since the discovery OF Sod IN Calii"
Il MIA in ISlS The actual coin OF the world has MOI
l. than doubled itself since that time BESIDES the o
lie sources OF supply, mainly from the Ur3I Mountain
a. California and Australia are increasing III inc
N Weld instead of giving evidence OF exhaustion u
10 new discoveries un the eastern sue OF Ihc i'"ce
T. | Maintains in orr own territory. and IN CSu'F
m America-the recent discoveries OF immense MN,
K of silver in Arizona southern California ana MORT
n ero Mexico promising in thctuurU to rival IN van
x / tho rrol1gts of gold heretofore annually added
n tb I,,r.p,, of the wor!d-a indicate that the pr
N ciuus metals in the next decade As IN the last
d. be again doubled. A. money becomes cheap
le proprrtv becomes dearer-or, as money lncieaS
II i'm quantity property increases IN pr!ce' rms Is
IL leading cause of te rise in the value OF proper
m for the last ten wears as it will be for the next
less the supply cease. which is not probable. Inc
e. if the yield OF precious metals continue is II Il
nc done for the last ten years properly must auiah
az in like ratio. II 9Ou ana shNcf uouplo IA 1
X, wears property must, in the same time, double
OF value-an allowance Of ten per cent per annu
n in the quantity of the and the value OF the oil
= er This being the case, the revenue VIII be ann
IL ally increasing the same rate OF taxation up
IN the same property. 1t will affect also the compt
H. saton paid to all officers. State or County Exec
s tive Judicial or Legislative. As money becon
cbeaper their salaries are in effect reduced WI
Ia was fair compensation five years ago IS nadeGn:
he now-what would be reasonable now, would
C come under this hypothesis inadequate IN five yea
Il more AJudgc. or a Legislator. or other oiiic'
cannot always afford to perform the duties OF an
d fee for the honor of filling t-jusce to thense-'
ne r.quirs substantial compensation for their labo
ne Since ISiS the average value OF land IN the Sta
-. has riser from $500 per acre to ss.l9 cts, all'
two and three quarter times As much as Il was IN
he yyoIth-an advance attributable to the influence
nd railroads as well as the increase Of money.
MT aycrage value of taxable slaves has risen fro
Sl67. II to SS54G5. not quite double. Slaves ben
" movable and not fixed property. have not been
al fccted by the internal improvement system ct t
k State nor deprecated materially by the agitation
he the slavery question at tbe North the saveholdl
\ States feeling equal to any crisis that question III
ue present: but their value has been governed by
Ks increase il money and the demand for their labor