Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1860-06-07

hamper the commerce of seaboard towns by The ap
pcation of policy based upon notions exploded by all
intelligent commercial people. While pretending that
the taxes of the merchant will be less than they
now this discrimination the only one allowed opens
way in which to make them heavier and more oppres-
sive But we suspend further remarks and give way to
tax payer"
From the Western Sentinel.
Ad ValOrem.-Hovv Will 1t Work!
The advocates of ad vaorem that it will lessen the
the poor man. and increase the rich Is this
true? Now this grave queston-one that demands the
calm and deliberate consideration Of every Taxpayer.
have carefully examined the opposition PLATFORM papers
and reports the speeches of their candidate Mr. Pool
find proof of assertion but have been unable to do
can find calculations made by them, showing how it
will the poor mans taxes and increase the rich mans
whole amount of taxes paid year 1859 From this
report propose make calculations showing how
ad ualOrem will operate see that Mr. Pool estimates the
whole property the State 500 O0O and that
cents on the 100 dollars valuation will yield Revenue su
cen to meet the demands of the State will take this
as the basis of my calculations, is but fair give the
Opposition the full benefit of their proposition
u Twill first take various classes of property which
find almost entirely in the hands of the rich and show the
difference in the amount of tax on each class and the
The interest, dividends and profits for 1859 was
,248 81 The tax this 81 400, every million of
fraction $36 OOO 900 thus invested. Now ten
cents the $780, that amount which only ST. OOO
each Million will be just $36 OOO which will reduce
on Interest, Dividends and Profits just SOL 900
The tax merchants $65 1854 IS. The tax this is
so every 500 of purchases 900 every
lion This shows that there only sl3OOOOO 900 thus in
vested tax OF 10 cents on the 500 would reduce this
$50 OO0.
The tax on salaries and nd fees Psd by Doctors Officers
cent $1,000 every thousand received tax IN 10
cents the 500 would be 81 on every thousand instead of
$40, would reduce the tax to $l362 TO- and
| red whole Y
The tax on carriages &C., worth over $50 90 -
Cold Watches, S'4S Is
Silver do, Observation-Disclosures. 1888 IS
Plate and Jewelry, ....... l,5Ol O8
= Horse and Mule Drovers lO?6 80
Auctoneers NEUTRALITY-SUSPICIOUS.. 637 ii
Total, Observation-Disclosures. $34 437 60
The tax this is per cent, e, dollars every
thousand valuation But tax of 10 cents on the 500
valuation would be only 81 every thousand and would
reduce the tax On hese articles to only So 3 76woud
duce the taxes on the whole $4,000.
The paid Pianos So 266 S. The tax is 81 80
on each Piano, which shows there just 277 in the
90 apiece so of ten cents on the 500 valuation
will reduce the tax to $544 Take off just s. 24 65
was SOP i Tie tax on each Pistol and KNIFE is 81 IS
which shows there 2OO carried in the State. Now
these Pistols and Knives will average than $40 OO
apiece the 500 Valuation will reduce
the tax to Just cent each and $40 OIL the whole
r Taking off just 81, 4S2 Is.
Thus goes But space will not permit go
and give all the calculations in full will give the results
in round numbers, emitting fractions AID valorem will
duce the capital negro other trade $4,000
On Pedders and playing cards. 1000
Bowling Allies Billiard Tables Insurance Companies 5000
Brokers and Commission Merchants, 1000
And on various other items, at least 5000
Which, all together, make the of $l75 468 taker
of of the taxes this property and will deficiency
to that amount in our revenue which will have to be made
up by taxing other property.
Now come to the Land and Negro. Under the old as
the real valued about 500
And in 1859 paid tax of, say $780, 00 But the
sessment will add over one third to the value And sup
that the real estate in N c. is worth $780, 600
At Of fpnIp SnT
the 500 valuation, that sum- will amount to $40 900
just $4,000 less than it now pays.
The Opposition papers appear very anxious put the
highest value upon putting the average ival
only few dollars less than it is in Georgia. Now
all know that negroes In that great cotton State worth
least $50 more apiece average than in North Caro-
lima Yet the average value negroes in Georgia is only
$6l2 90 apiece. With these facts before me- must think
that $500 head is fair in this state. The Fay
etteville Observer puts down the whole number of
the Comptroers Report for 1858 shows that there
were then only $50 925 black polls the State The Re
port of 1859 shows that there then only 1898
a decrease of 3,0l2 black polls IN gear And
suppose that We must have negroes between the
will put them down at 100000 the Observers estimate.
They pay about OOO At $500 head they wouc
uatOn would increase the slaves $50 OOO After APP
plying this $4,000 to the deficiency of $4,000 created b.
to the deficiency OF before stated and have tn
sum of 1000 to be raised by taxing other property
nor ared Now where this other property to come from
AL the negroes the land and all different species of proper
IS ty before stated and already taxed
the following language, viz:
Secondly to limit ITS pocerS, to compel The Legis
1G"re to tar e0ey species OF p 0Pery according TO UIo
u Yes, to TAN EVERYTHING
And the proceedings of the late Opposition Convention
Raleigh indicate the same hing.
So will Lave to tax the live stock farming TOOLS house
hold and kitchen furniture and crops of the State to max
up the 1925 000 How will that work?
The Census Returns show that the live stock and tina
which slaughtered in 1850 worth about SIS 900 0(
owing to the great increase III the number, and in the va
of all kinds of stock have doubt that the live stock
# the State worth Sj00OOO0O. tax Of ten cents
. the 500 on this, would amount to $4,000.
IS And the farming tools Wagons, carts and machner
employed IN farming, &c. worth at least $4,000 600
tax of ten cents tie 500 this would be twelve thou
re sand dollars.
The Household and kitchen furniture is worth twent
- millions of dollars like tax that would be twent
n thousand dollars
From the $780, crop pre-
auctions of TIE State worth than hundre
le and fifty millions of dollars Yet will put them down
only one hundred and thirteen millions dollars. lik
tax on that would be hundred and thirteen thousan
H. dollars.
Now will balance the and how it stands.
The amount of taxes taken of of real estate, 5000
le Increased taxes on slaves, 5000
" Deficiency. $50 oC
h The amount Of taxes taken of OF interest," dividends
- and profits ............... ......... $5l 600
1T The amount off of merchants capital. 900
The amount Oft of doctors, officers lawyers &C. r. 264
~ The amount off carriages, &C., gold and silver
20 Watches plate and jewery, horse and mule
nc drovers and auctioneers, .......... $1,000
" The amount Off of pianos, 2,72I
t. The amount off of pistols and knives. 1852
- The amount Off OF negro and other trade 2,0G0
IL The amount off of pedars and playing cards.. 1000
in The amount off of retailers ............ 10000
t The amount off of bowling allies, billiard tables
OF and insurance companies. ................ 5000
n The amount OF of brokers and commission
CnanLs 2,OOO
a. The amount other iems ................ 5000
~ $l95, 1858
e The amount of taxes property taxed, viz