The New York herald., 1864-11-07
The asp1diastea rstssy Dsoew a~s q
4 PLAN FOE DIRECT rAxArfos EscoanxspsD 20
THE REHEL CoxGEG0n


the ereess Or crcdaiscR. hg tas dssbsx ~ uisl.
or the psoSs6i. nssui,"as Il sss ass,, sse y pss
out OF the supposed indaposoa OF the eopis 10 subm
to the requisite t.ses. speeas,,ng upon these tse
imsgiued contingencies the inability or the unwlliiug
OF the people TO ray the cebf-ssn mes pcr
NIT themselves 10 assan the pcbc credit BY propsssy
ing repudiation. Persons uhoss places eas
10 patriotism 10 occupied by sordd love OF the doila
and others from whom Ws might reasonably have q.
peced better things unite thus under ire
ana to br ing 10 pass the very coudos Of shlrrs
they predict but which needs not 10 Be.
n me dsm Of ne esntesraeg ss1s % - v-r,sssa'sd q
would BE- reputation Uth<M sxclsc Being . dso; aoc
by tue people 10 the people, IN one eenss PAID al
ready. Payment would b practically eny m sd,us,
ment Of balances among tho citizens. W, ~ay, come
quy dispose OF the de hoso-dbv ush pis Of pstic
dtstress Tolid YesrP from repsSroh OF u that sosd
w,,h Isss ds,ress for rsond,.,on xou,a srn az.
number OF worthy citizens who have stood ty
ment in Its need, while would bsueut class perhaps
numerous, and certainly less deserving who DID
nothing and risked nothing for tDe cause
Tns unlimited power Of TAXATION possessed By tse gov.
ernmeDt wal. enable TO lay sufficient inFosts % pro-
vide FOR shs public debt. Let Il said ,has poo.
pie WIN not he able 10 bear the tax Owning the sebt
among ourselves We viii be able The rovsSr msos sal
MAJ. Us abie for every dollar collected ro tbs people
behalf Of the public debt. v,lsbs paid back 20 then
the same year for pterss. dues, aud 10 redemption
public paper. so far - the community 70 concerned
an aggregate, II as II man were 10 pay out dollar
with hand and receive Il back with the cthw ne
required OF him II tho pubic debt held equal
proportions by ali tho people. then repatriation would
not DO UNJUST Inc WnOlo o0ot might De wiped
and no citizen would snythng Tor the taxas RON
which ne would b discharged would exactly cquai the
credit Of which he would be deprived But ~ the public
debt thus distributed IA necessary "a make
lection and payment ordcr - do justice among
citizens This !rsice may be secured, The
nifty, aggregate, viii be toll wealthy n the
debt had been r8pgd!ated, and will be nanely
spectec II r.ftse neglect 10 pay klbsiu.,s
vii hdce taken upon ctsSsrss esdtwaow as Csi a.
Sndyi,y fnfGmp
Congress ous ut to adopt which Will show the
people aud the 40. thsi IL IN earnest a %
n n NE DLbi a of
daton oughl Os met and rebrtted 81 al points All
that is needed Is a LITTLE boidoess o, legislation.
,,,y az, o o,t .se 81 or p1,raa :, ~
nfser dot coat-dad IN dclre1atsd esrrsny she
plea will be Up shat there not value received.
This argument could not ia morals 60 further iaan 10
demaud scaling of the debt with reference the do
precation At the time each particular liability eon.
acted. But there far better OF at securing
justice 10 individuals protecting the public iateres aud
fortiyug the public honor against cavii. II is
that have heretofore recommended 10 columns
and which In substance first prese by dstiu.
guisned npRucier o, the South L ;hc gor5nme
le,y deb tar all tss sgpTer,y Of tic country
be assessed at twenty i've per cent the peace
valuation, il will produce more than q thousand
ions OF dollars. Do not require immediate paymeat
but leave II optional with the property holder 70 take
credit, IL he wishes. the tax hile attaching as
lien upon the property aud following II shroush all It's
ownerships. Let the utercsi on the tax be annually
per cent the property would pay the interest and
quidate the principal 10 eight years.
The advantage OF this plan s that 1t would enable the
people TO pay of the debt iD the deprecated currency
Every who chose could l.berate mis- property from
taxation for the public debt BY paying bis proporonae
in the present circulation Those who might
have the money would fud greatly to their advantage
sell portion OF their property at the present ad.
vsnced rates iu order TO clear the rest such
neglect avail themselves or the present privilege
w,ulG be entitled to no pity N future times