Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-07-17

a9o25I,Iel


83o25E,l6l
The value Of land depends upon the income; if
that is cut down 40 II cent, the real value falls in
the same ratio. Now the above debt Of $3.50 3d.
63S was contracted with corn at 20 cents and must
be paid with corn at IS cents In other words il
has doubled. The tax Mr.. Chase demands would
last year have been paid with 900 900 bushels of
corn, or 100000 barrels Of Whiskey. Now it re-
requires 100000 bushels of corn, or the whole
make Of whisky.
This enormous taxation it will be remembered,
is only to raise $50 100000 out Of $500 900 900 ask
ed for BY the President. That ia dictionary assumed
the correctness Of Mr.. Chase's figures. and said
tauntngly, III is only one twentythird part Of what
you possess and which you say you are ready to
pve;" but correcting Mr.. Chase's figures, it Is 10
Il cent. of all the property even if the property is
worth what it was last year. But the war has al
ready destroyed half its productive value, and the
demand is virtually for 20 r cent, or one-fsth of
the whOle and as the property viii depreciate with
the war, three years demand viii consume every
available dollar, even if it could be realized but by
depriving the West of its markets. the land is re-
duced virtually to its wild condition.
We will now call attention to the other gross, err
rOr of ArChase. He says the direct tax on these
amounts would be as follows:
lsS cent. Sl6,IO9 l6 whole Union.- S2s rs So.
Is 2 eenton $40 ,75s COZ, North, rsAlAnd per
sonal...-...-..---.-- --.-..-2l is0O.GS6-
5O-loOs cent on s3Os3Ofaa North real SOC
We have made it lar We trust, that he has
grossly erred in the valuations he assumes. His
rate could be uniform in each St4te. he no doubt
is led into this by ignoring the existence Of
States as prescribed by the Constitution, which in
strument insists that taxation shall be according TO
representation that s to say, according to the States
that parties to the Constitution Each State has
to pay to the Federal Governments for its supports
sum CT money. not according 20 its property, but
according to its representation in the Federal Con-
gress, whatever may be its property. There are
$50 representatives from the Northern States con
sequently, in levyiHR tax Of $40 100000, State
pays for each member Sl33,30O, We may nOW
compare Connecticut with Michigan:
CoaAseficlt. Michigan.
Ta1 :; sls15S0 saah ,,; s i.s seS S59ssOo
Taxable Va uktiOn.-..... s%ll,iot % slzVsozf4
Tax rate f-r SlO0-....--.---------- 5oe. .a &c
Thus the concentrated manufacturing wealth of
Connecticut would pay but zoe p 500, and the az
r;cultural products Of Michigan 66c, or more than
three times the rate The difference arises from
the fact that the Constitution makes numbers the
basis of taxation, because the parties to it are
States the elements OF which are numbers.
When Mr.. Chase, therefore, publishes that this
tax viii be 4 uniform rate of 20 cents p 500, he
deceives the public; most Of all the agricultural
poorer public, whose rates viii be very much higher
than those of the richer communities. The sgri-
culturists will find that they viii have to bear the
burden of the war, while, as the war IS one of in
vasion, the money viii be spent buying supplies IN
the enemy's country