The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1861-08-14

ment exactions and we'll paid officials dssirou
, of perpetuating direct taxation.
S--The Secretary's calculations were base
on the Presidents demand Of 400 millions g
dollars to prosecute the war. see it state,
that Congress has authorized the expenditur
of 500 millionsi that will surely require greater
taxation.
B-The Secretary, after estimating all othe
sources of revenue, to meet current expenses
and pay interest on the government dept, ask
20 millions BY direct taxation to provide mean
10 pay the semi-annual interest on war loans =.
Without some security or assurance that tn
interest will be paid, capitalists will not mak'
government loans. see it stated by Mr.. Ste
vens, one OF the members of the House, tha
Congress has made appropriations in the aggre
gate to the amount of 667 millions Of dollars -
The direct taxation must double in q very
short time to provide the interest on such in
creased appropriations.
Sit is astonishing how soon the fair pros.
poets of the great West have become blasted
since the success of the party calling itself Re-
publican.
B-Perhaps you will be surprised, when
say to you that Congress has already appropr
ated more money for this war THAI the taxable
valuation Of the real estate in Ohio.
SIS that so?
B-The Auditor oil States Report for 1861
shows that the taxable value of lands in Ohio
was $492, 593 5S7, and of town property STAT.
300,724 Grand total of all real property in
Ohio, $G39 1894, 81, which is S27, los, ,697 less
than the amount already appropriated as stated
BY Mr.. Stevens, Chairman Of the Committee o
Ways and Means, who knows the exact a.
mount.
s-What proportion Of this expenditure will
all on Ohio?
B-According to the census Of 1860, Ohio
has about one eighth Of the representation Of
the free States; and it is very like that the end
Of this war, let it terminate by destruction dis.
solution or compromise, that each party that
incurs war expenses will have to shoulder them
Hence, Ohio will have the eighth Of all the war
burdens to pay in some shape.
S--If we expend the value Of one eighth Of
all the value Of all our real estate in one year,
in two years the fourth will be gone; in four
years. the half; and in eight years the whole
value Of our farms will be mortgaged to some
foreign capitalist in the shape Of government
stocks.
B-True! and our taxes will be in proportion
to our war debt, which win be in amount in
exact proportion to the length of time it con
tnues. The present appropriations, drawing
interest at seven per cent, will require ninety
two cents for each hundred dollars OF real es.
tate valuation.
S-Then add the cost OF collections, &c, and
we would not get off for less than one per cent.
Of the value of our real estate.
B--That is so. 1t is plain case. One
year Of war will create burden in Ohio equal
to one per cent OF the value Of all her real es-
tate; two years, two per cent. and so on, until
the interest Of the war debt will be equal to the
value of the profits of the reality. Leaving
state debts and all other expenses to provide
for.
ST. see no other conclusion. I'd be excee.
dinghy glad to see some escape for the labori-
Gus farmer who has worked for years to Sc.
cure little property to make home for him
selfand family, from the almost certain ruin oil
all his past accumulations and fond anticipa-
tions.
Bit is possible that war demands may give
a little impetus to trade, and government ne i.
cessities will require a distribution Of some Of
the government expenditures among the people,
and thus enable them to get money to pay their
current taxation; but that does not prevent the
government Indebtedness. The better able
and more willing the people are to pay, the
more government officers are warranted to ex
pend, and the more these burdens will be ac
camulated.
SIN illustration Of what you have stated.
the patriotism of the people, their apparent
willingness to bear low prices, heavy taxation,
anything and everything at the demand Of the
government, has made government officers and
Congress unmindful of the peoples interest
their ability now, and their condition heroaf.
ter. u sc
B--The people are placed in bad condition
They have no power to act only through the
ballot box at stated times. Their agents (el
scted on the beliefthe measures they proposed
would bring peace and prosperity, but which
unfortunately have brought war and ruin) as.
sumo the belief that the people are willing to
waste their whole substance in sectional strife
becau>e they patiently submit to what they can.
not prevent without open rebellion.
| S--Yes! and what is more wonderful, these
same agents threaten the people, (who think O
the ruin and waste made OF their property, and
advocate a speedy stop of this ruin and waste
with hanging for being unwilling to sustain
them in wasting their substance.
B--Without getting to the subject Of politics
it is absolutely necessary for the people to
make themst Ives acquainted with the views o.
every man that proposes to serve them in .
public capacity. When they end one who un.
derstands the farmers interest, is honest, and
will be faithful, give that man their vote, and
no other one.
S--Beiore any man can get my vote, he mus,
convince me that he understands my interest
will try to protect me. No party, no princi.
Piles, one idea politicians cannot get my vote.
B--Nor mine.---Aurora.
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G-yJoshua R. Giddings did not remain ai