Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1862-01-28
Taxes

-1st cov :ts-s sIot 4 little talk a-lorg
-o-sT vEick !; vjl X fSa76 necessary .
-slss y tazzoor. Z o7ier 70 meet TIE
c--:s-5 expenses @ S1s Go7s-c-s-- S2os
Of or c3renpcrEries s7t discussing lie
s--Ify q. ~ Vs,-'s 70 hssr tssvy tzZ-
Issi - Sc hcv Es sand oouvz-s5 W..
F-zncs 81 T1clE1S-
L F-z1ss -os-t : r'cF-,klo- .: t1--fy-
5-E 1---o-E q --sz.i.-a- < s-s ihs.: E1-aa,
-s-as c,-e.-s5 -4ath So ~ ll.. . -ot
Ju.ls 8 sa-- ~ tvt~y os-. E5-k- AZ
1h[5 = ma. s----s- 4 EzEik-5, win
-.--l-E15r Z: Et'ou1 tEs1,v ol-5oaS t1s
S-ss Ere So lss ,'., or 50 eaca- i nav
X 5uLr.e5- 1.E.-s-. vts.h<- I.is -4si fa.ls
- hzE-Zv q - nssses o. the Ieouis-
te-zuss -1s-z : 80 uaca more capita, i
E-z1i, IL F-o3u-tTs energies Of which
sz-zsz ~ lo1-a stz15z-t nszas 70 pay
z-&
L Ia -i-E6 S-ztss- We have il all, by
t5s lHsI csaEuz, population Of thirty-one
ul-1ozs Q. Inhabitants. OF these, excluding
81 t1s Sts-es z13 districts infected by the
E-s=sat REBELLION, there is a population of
Ec-e thar twenty millions of inhabitants,
:si-ly and easily subject to taxation. Thus
Ear our taxes for the purposes of the General
Government have been, perhaps, from three
to four dollars head. Now, it is quite clear
that, in order to maintain our credit and
carry on the war; we must consent TO raise
from eight to ten dollars per head, or from
one hundred and sixty to two hundred
millions. This would be far less than Eng
land has raised in proportion to her popula-
ton in dark and trying war exigeneies. OF
course, all taxation cuts off increase Of
production, ard with it increase Of povuis -
ton to just that extent to which !. y-ea5es-
But the only way to be abe u Gc--gv ~
the best terms or lowest Fate ot .-sersai Il
to have the best mercantile reyzi&iao-- All
this is only to be mainsaiEsd ~ lLEss
sufficient eventually to psy II ;sEEeEi E-5
principal faithfully in das time.
High taxes will Lot affect as, however, 80
much as France or many other nations, BE-
cause our labor is so much more productive
This is why we can afford so much higher
rates of interest. Our lands are so cheap
and extensive and the soil SO virgin that we
can raise larger crops for the capital invested
Production is the foundation of the strength
to bear taxes and this is one reason why the
people do not and will not feel the pressure
of taxes reaching up to $40 per head as they
will in France. And further, our people, the
masses of them, are so much better educated
than the masses Of Europe. They are moi
drilled as mere machines, but intelligent, to
watch for opportunities and openings of all
kinds. They read the newspapers more, and
they strike out more new inventions, as the
Oecords of the Patent Office show. This in-
genuity increases wealth, and makes all in.
dustry more than dOubly productive. Our
capital doubles in ten years, and, therefore, a
dollar paid out of this productive industry
for the protection of all the rest is not half a!
great burden as it would be in land where
it took twenty years to make up an equa
increase in a nations wealth.
Besides, our taxes 90 out again at once il
reproductive forms. In England the take
paid for interest on the national debt go Il
support the wealthy families without work
They are in fact annuities for past services
for which those who draw them do nothing
nor. Their fathers labored and they rear
or rather eat without even the labor an
trouble of reaping The food is brought t
their doors. But all our taxes are at ono
expended in such way as gives employmer
to the productive industry of our own cour
try, keeps money in circulation, and stimr
lates business in new direc ions in propol
ton as it takes it out of the old channel
We easily can stand taxation to any necel
sary amount to carry this war to the desire
issue.