The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1861-08-21
ON REAL ESTATE

Wisconsin 14S, ,23S, 766 5l96S8 do !
New Jersey Isl, l,l6l,942 450l34 33 do |
Iowa l49,433, ,423 4520SS l do
Connecticut l9l 1882 3oS,21f 6 do
Kansas 16 0SS 602 II 743 49do |
Rhode Island S3779 204 1I6,963 ! 30do
BY this table it will seen that Rhode Island
pays less ,atio than any other State, being
but trihe over IL miles. 1t will be seen
that Illinois, Michigan, Wisconsin and Kansas
pay a ratio OF from to mIls-one of them
more than 6 mills even--while Vermont, Mass.
achusetts, Connecticut and Rhode Island pay
ratio OF little over l mill.
We might extend the catalogue through all
the Eastern and Western States with similar
results. Well might MIR. Arnold, the able Re-
publican member of Congress from Chicago, pro-
test against the bill in the following terse and
condensed language:
"'rhe wealth of the country is in the Fast
in New England, in the great keystone State
o Pennsylvania; and yet, by this bill, there,
made TO fail lightest. .-
pub liC SibSo NV oPPoANSh
ment Of taxes by this bill is still greater than
already shown. The able does not include
The valuation Of personal property The great
proportion Of personal property is in the East.
An irquiry into all the facts will show, to a
much larger extent, that the greater proportion
ofthis direct tax comes from that portion Of the
Republic least able to pay it," e-al at
Our own State OF Ohio be it remembered,
with two hundred millions Of dollars less prop.
erty than Massachusetts, real and personal
| pays half million Of dollars more tax under
this I'LL than that State. But says the Com
nrercial:
| Now look at the other side The capitalist
| of New England, be he merchant, manufacturer
or banker has TO pay three dJllars on every
hundred dollars OF OF income above $500. 1.-The
makes only six per cent on his capital. this Is
i 80 on every thousand dollars worth he owns
| But as six per cent is two or three times less
| than the trading classes actually calculate tc
make on their capital, the actual tax paid by
them, il honestly levied and paid, will be two OF
three times as much, or say $4 50 on each
thousand dollars OF capital. This is just three
times what the farmer OF the West, whose hard
fate so excites the slmpathies OF the Enquirer
has to pay on like amount Of capital.
| "Besdes this, the professional man, who has
no capital, pays three per cent. 'upon all that
he .ceves over $500 per annum, while the
well-to do farmer, let hifn make never so much
on his crops, pays only the one and hall miles
per dollar on the valuation of his farm +"
The above is grossly deceptive. 1t is dust
thrown into the eyes Of the Western people,
at the present time the tax upon incomes will
realize but small amount. Many OF the larg.
est manufacturing establishments of the East
are closed entirely, and great many others are
pecunary loss instead of profit to thel,
owners Read the following, and then judge
what we are likely to collect from the income
tax in New England
"SToPPAGE OF New ENGLAND MILLS. The
Fall River NeaOs says that the Troy, Fall River
Antawan, Metacomet and Linen Mills, of tha
city, all Of which manufacture print goods; have
suspended opera ions for the present.
"The Union, Quequechan, Whatapce anC
DR.. Durfee'S miles have been stopped severa
weeks.
"The Fall River Print Works and the Mai
Mill have also been stopped several weeks
The American Print Works has been running
thre days in week, but ii is uncertain how lonl
it will continue to do so.
"lhe thread mills Of Oliver Chase and Davi
Il Russell, and the wicklng factory Of Augustus
Case, all in Fall River, R. L.. have been stopped
from hall 10 three fourths of the time for tht
past few weeks. Every department of business
in that city and vicinity shares the same de
preston - Boston Journal.
Many Of the ship owners and merchants arr
in the same condition, their business being ut
terly destroyed by the war and the embargo.
Under ordinary circumstances an income tal
might have been severely felt in New England
but it will not be now, when such host Of in
comes have been cut off or materially reduced
We ofthe West come under the income tax as
well as the East, and, having less money thar
they have, it will be even more severe in III
operation upon us than upon them.
Governor Chase, the Secretary Of the Treas
ury, in his report, recommended tax on car
riages and carriage horses, on gold and silver
plate, on wines and liquors. and on bank and
corporation stocks. This would have reached
the wealthy magnates Of New England, New
York and Pennsylvania This would have a.
voided placing so high a tax upon the poorer
classes. The suggestion ofthe Secretary of tht
Treasury was not adopted: the Eastern infu
ence was teo potent in the Republican councils
In the new States Of the West, such as Iowa
Wisconsin, Minnesota and Kansas, where
large mass OF the people have recently settled
where money is scarce, and where the crops
this fall will bring but nominal pricc-where
the settlers owe for their houses, their and'
and agricultural implements--it will be like
taking their life blood to draw from them thiE
direct tax, in addition to their own heavy loca
taxation. Even in our own wealthy and pros
porous State the taxes will be a heavy and ter
rible burden; for, while the rents and incomes
and the value Of farm produce have fallen and
decreased, the taxes have enormously increased.
1t is like opening bag at both ends; your tax
es go up and your profits go down.
The people Of the West would the more will.
ingly have submitted to these exactions If they
had been equal all over the country--ifit it was
not evident that they were to be made pack.
horse for older and more wealthy States. The
burdens Of the Western farmer could have been
materially lightened BY reducing the duty on
iron, say ons-thirds We should then have got
several millions of dollars ofreyenue from that
article, andthc tax could have been lighter up
on other things, say upon tea aud coffee. But
Pennsylvania must have this protection. Her
iran grip rould not be released, even when the