Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1860-06-27

,,t - - $40 @st IN
taken off Of the taxes on this properly, and will
cause de6cencyto IN our revenue. vnicn
Now come to the land and negroes. Under the
old assessment the real estate was valued at scout
$780, O00, OOO And in 1859 paid tax Of say $780,
OOO But the new assessment will add over ono
third to the value. And suppose that the real
estate in North Carolina is worth over $l5O 00o
vet will put it down at $140,000O00. A tax OF
ten cents on the 800 valuation on that sum, will
amount to $40 900, Just $50 600 less than it now
pays. !.
The Opposition papers appear very anxious TO
put the highest value upon negroes Even putting
average value only few dollars less than it is in
Georgia. when we all know that negroes IN that
great cotton State are worth at least $3.50 more
apiece on an average, than in North Carolina Yet
the average value on negroes in Georgia is only
1912 GO apiece With these facts before ine must
think that $500 ahead is fair average in this State.
The Fayetteville Observer puts down the whole
number of our negroes at 100000 l think this is
over the mark The Comptrollers Report for 1853
shows that there were then only 100 925 black polls
in the State. The Report of 1859 shows that there
were then only 1898, decrease Of 3Ol2 black
polls in one year. And suppose that we must
have more negroes between the ages of - and 30
years than under IL and over 30. But will put
them down at 100000 the O6sercers estimate
They now pay about 100000 At $500 head,
they would amount to $3.50, 600, 600. A tax Of ten
cents on the 800 valuation would increase the tax
on slaves 100000. After applying this $4,000 to
the deficiency Of $4,000 created by reducing the
tax land it will still leave $780, 600. Add this to
the deficiency $175 900 before stated and you have
the sum of 100000, to be raised by taxing other
property not now taxed. Now where is this other
property to come from? All the negroes, the land,
and all different species of property before stated
are already taxed
see Mr.. Pool reported in the Opposition papers
as using the following language:
"Secondly, to limit its powers as to compel the
Legislature to tax every species of property accord
ing to value" Yes, to tar euerythang!
And the proceedings of the late Opposition con-
vention in Raleigh indicates the same thing.
So we will have to tax the live stock, farming
tools, household and kitchen furniture and crops of
the State to make up the $195, 900. How will that
work?
The census returns show that the live stock. anil
that which was slaughtered in 1850, was worth
about S25, 0O0, 600 Owing to the great increase IN
have no doubt that the live stock in the State is
now worth $50, 100000. A tax Of ten cents on the
800 on this would amount to $50, 0U0
And the farming tools, wagons CARTS and ma
chinery employed in farming, &c. are worth at least
$l2,OOO,OOO. A tax of ten ceas on the 800 on
this would be twelve thousand dollars.
The household and kitchen furniture is worth
twenty millions Of dollars A like tax on that
would be twenty thousand dollars.
From the census returns of 1850, the annual crop
and productions of the State now are worth more
than one hundred and fifty millions of dollars. Yet
| will put them down at only one hundred and thir
teen millions of dollars. A like tax on that would
be one hundred and thirteen thousand dollars.
Now l will balance the account and see how it
stands.
The amount of taxes taken off Of real es-
Increased taxes on slaves, $4,000
Deficiency, $4,000
The amount of taxes taken off of interest,
Dividends and profits, $4,000 90
The amount off merchants capital 81, OOG 90
ys' So C. ". ~ 1'@'''s' ''ss',' M 1924 s
| The amount off carriages, &C., gold and
b silver WATCHED, plate and jeweiry,
! horse and mule drovers, and Auction
eers $1,000 90
| The amount off of pianos, 2,724 81
| The amount off of pistols and knives, 2,4S2 Is
The amount off Of negroes and other trade 1000 90
! The amount off of pedlars and playing
cards. 1000 90
The amount off of retailers, 10000 OQ|
The amount off Of bowling allies, billiard
| tables and Insurance companies, 5000 90
| The amount off of Brokers and Commits
mission merchants, 1000 90
| The amount on other items. 5000 90
$196,56 70
| The amount Of taxes on property not now taxed,
| viz:
On the stockhorses, cows, sheep, hogs,
&c, $50, 900
On the farming TOOLS &c, $4,000
On household and kitchen furniture, 10000
On crops and productions, $4,000
$4,000
This proves how ad ralorem will work. 1t will