Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1864-11-11
s77f,GO0,o00

ivIaisc tLe amount PROPOSED ty tazeticn
| Isoon1lsni tno sels.i nfs0 puoL Of the 40
| smanii.S tLo eot Of l7th February. 1854, as
will ica7c tho property ind incons sax in full
operation, without ths attachments now allow.
| ca, ~: a33sio; /; paragraph i, 5f tho slnsld
;.:a'T a:r oi l4'h Iuaa, 1864, which provides
f; tiia: iha .=Ius of trs tax in kind shall bo de-.
'u"tci IT5a. Ike I'd ra'orsss taz on agricultural
pTc7e:J: e;1l sso:ion s, paragraph 2, of the
! :aalo an:. EhGc!: provides that tho property
tax hhnli ha deducted from the incoms tay
57 lai9 chaass tha dealred amount Of reYenus
viii 10 secured, oDd tho prominent ineiuali
lies OF t01nsic1, noT tho subico: Of complaint
'fiil Is rsdTssss1
lbo tx ia Kind b5ins tsn pol osns aud ria
Tsiio il casrcI4oJ. 5ll5 900, 600, it follows
thet the II 'du5t;oI5 taxed amounted in 7alrs
70 sl,43ti. 90. and eho assessed value Of the
property from which these productions ere de-
r:red hoiae $500. 1878 %. it is spps7sn.
iiat the. F7oss incntds OF 81 $50 0ii0 600 il
tlaaI 10 nifty poT ceut. Of the assessed value Ct
,re properly. Hcnco. sn agricultural estate
oi Tic 7aIuo Of 500 O00, subject to an Gd :alo-
! rem tax oi s. coo, yielded gross income Of
ESQ 900 The ti:ho OF this income {s5 COO
paid the prope.tJ tGg. ard LETT undiminished
:45 coo Of income. This result wss tho ucr-
5siacS0a ci -aiuiag the property for taxation
ia spcc;o, and TIC product 5Is TsosiTei in psJ-
,aslt of ths ts:s in currency Had tins pro
pe:,J s12a raiasd 10 the medium 10 which tho
| ta- was Ps?able, tho sssesraons would hove
reea 81 lenst 500, ,0G0. end the ts1 S25 600; o.
hi tGc artistic 1ecoi9cd in kind been valued,
es 'fis property gas, in speoc. tho payment
eopld nc, haze osseciei $1,000. and IS 600
-.oTa Ct toI T5Did taro been received in cur
;e13J.
Ths iGs.asiis7 Of taEatioo that resulted is
| IGsio H32ap;:u3as tT comparison with in
7sJt;aeilta m8is in Go?s7anerl. securities. -
Ike aa7nt SUN Of 800 0[#J, in eight per cunt.
bonda. yielding IS 0JQ0 per anndn interest,
paid s. 900 tax. and Lett q clear income Of
oaiy $4,000. Capital invested in banking,
PTaaaH,s a cor;shss eGusllS striking. One Of
tie banks i'll Richmond which ie referred 10
eS en- c1smric only. On capital Of 81. 33G .000,
pHid ia, ,4Ei iszos. tno apocis being assessed
ct eighteen tiac1 tho 7nius Ct 1860; and tbs
ctanu:t distributed c.noSg the stockholders
O. i:oom5 vsa S2Gs GO. Gu 100000 conss-
4uaatiJ, i;.;is in7-stcd. tbs tax Was sic, coo,
aai It's i3r:zoe sil,;Q0. These inequalities
zaTe .:so - E.ore oon1lsia.s, whilst enJ
sH;ru7: Il taza:ioa, cIuitsblJ distributed,
T7cr7!i d;cr;icss bo cl:cerfnlly met.
Tie collection oi largo Eura il Texas is
sascntmi to the reform Of tho currency, ana
&c. e:rrt7J :s in condition the most favors-
bic 80 p;a7 The burden. l'ha abundance OF
:-aney and ri gh prioo of every species of pro.
Fc7sT and supplies. vould render tho payment
cas7 azd f.oo frog, embarrassment. The Trea-
az.J viii dac:Ts little aii from this aourcs ir
tac prsso2t yca.. The tar on the currency
h-o=g'it 20 -:71HEo. operating only es rcdue
t;o:. # :iia aircutGsioa. .Ths other tsxcs, with
comparatively l:tlc exception, viii &c received
4 forrps- csrt bonds. The taxes upon property
and ;:c>me -eapectiSolJ, are, tc CONC extent,
no!ni1,ei only; tho cd dgGloren tax on p7opsTtJ
; engsSoi in ag7!oul,r-e being discharged By
! thc credit Of shc ta1 in kind, sod the income
tai en- a:heZ property diminished By tho Who'll;
SUN of tha Cd Sa!ore1 taz. These statements
5Ij The FSTnleass in four PEI cent. bonds, 70
sui: in icluo;ns :ho revenue from taxation
t.xoIusiSs ii th5 soldiers tG7) to sbout
$4,000 ,0lQ.
Tie accompanying etis report IF the Com
| missioner of Taxes is roisrrod 60 ioI much val
! aahle ami interesting information en this i'm
r27'ant su!ject.
Computing si.a p5op:-ty Of ths ooantry &
Ito present estimnted velus, tee following i:
tta ez!atiDs ratio Of tsIatio1. 7is
.TGluo Of real snd personal
Sopa1t7 in ourroaay, rated
o5 fro 10 ccTs1 timeG thu
Tsilstio1 Of 1860, l4,65e,449 ,55i
Iosa; ezn1nS IF ta-es, incIu-
ding tho to1 in kind: sld
| the soldiers tai, s7.Co0,Oa
Hfinh - ct tie ra.e q q. AID oas.siIsh POI
eaEs.
W:tii Ir:5 a.:iEs:a 81 tfe RESOURCES OF In:
Conisao7seJ: thc ,as.SpToposed for the ensu,
iSS !saF .,annnt be deemed excessive The
cum Ct $500 COX, COO, reduced into specie a.
twenty acLa,s for ono dollar, is only alS, ,G0O,'
| 900: snd III, e,noan:, applied u tho 7alces oi
1850, sis 1851, l3e, Isl, is OF the rate Of
le;, than aIs-ka!f CT ooe PSF cent. And II
tho, oelo.lH:ioa IS mails in currency, viz
| s360.GQ0 0Q1, Ur;Ei aI assessLl5nt of s24, :
! Go 449,Jjl, it T1lid amount to one end c
hslf pe7 cent. Lsid when it is remembered
that With :hc PSI meet OF tho ta1es quarterly
c uca3aTs which strongly recommend, less
thea cns-fcur:h * tho currency Will eutlct
tcc the ccactcr's tsz. nnd the amount collected
u eny one quarter xill be restored TO tht
c:c3ulas;cn before enoshsr becomes rsysble, il
i aIra-aa: :hss 'he :escu.oea Of the country
c-e anPl. 10 :nee! tee proposed i1eEssne o
ssle.
t1,sy De objeoesd that the ssTe,ai measures
comhired will uEiuiy reduce the circulation
ard eEpose :hs cocItsJ 10 tbs evils of de-
ciiaing aid insuEoisns currency. The reply
70 this chite::on is, inst the eviis predlcstee
s-e, ,o sor1a s1:ent, irsepsrsbls from the re-
auctloo of the currency and the improvement
Of i.s Taluc. Any measures tbs. are success
ful in cG.c.;ns the desired reform must,
n.colsiiy. 80 followed by the trials that ssten'
upon such Transition. IF Congress does no
ints:pose, AID By sona such measures as
have vea,r.sd b re,ounend. restore tho cur
..ncy, gradually, 'judioiously, sud BY mean
Of voluntary st;ion. /. will sssuredly reo.if
Itself BY Eonc 7Iolens end disastrous con7ul
sion.
TIE Developments attending the e1scusoa {
the Currency Ac: Of February II, 1864, .srs,
clss,ly that :he 9Tss; cod7 Of the circrlssion );
! csld -, ,,odo~n.e ep--f no parsn0u ~ 1trpIAa