The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1864-11-23

whilst any amnunt Of taxation equitasly
distributed ~osld aoabtless be cheerfslly
met.
The collection Of large sun in taxes is
essential 10 the, reform of the currency.
and the country is ina coaditisa the most
favorable to bear the burden. the abun-'
dance Of n meg AID high price Of every
species Of property and Supplies would
render the payaent easy and Tree from
embarrassment Foe treasury will derive
little .id frsm this source In the present
year. The tax 90 the currency brought
no revenH@. operating only asa rsductlan
of the clrcslsliaa. Ihe otaer taxes, with
csmparativeiy little exception, will be re-
ceived in fear per cent. bands. The taxes
upoa prog rty sai incame respectively,
are, to som. .esient. Romlnal only: the at
sGlpren "a. 20 property engaged "a asri.
culture being i.chargrd by the credit OF
the tar in s.na, and the income tax IN
property d,mal,hed 0y the whole sum OF
ad ralerem tar. These abatements, and
the payments in four per cent. bands, re.
cult in rsasciag the revenue from takation
Exclusive of the soldiers tax) 10 about
100000 900.
The accompanying able report'ef the
Commissioned of Taxes Is referred 70 fsr
much mare valuable aud interesting lator
nation on this impol tant subject.
Csmpuliag the property al the country
at the present estimated value, the follow
ing is the existing rate of taxation, VIZ:
valae Of real and personal properly
in currency. rated at Eve TO seven
times the valuation Of 1850, sst,s5s ,t4s ,s6l
fetal amount Of taxes, incisdng the
tar In kind. and the soldiers tar, 2s7 00O
Which is al the rate Of one aud sne-.xth per csai.
With this estimate Of the resources oi
the Coafederacy. the taxes proposed iO'
shS ensuing year cannot be deemed sT-
Csssive. The sum Of $500 ,OU0, 900. rrtQc
ed ilto specie al fwrats dollars To- sne
dollar, is sally SIS, 100000: and thisamnpat
applied 10 the yalse OF 1860, VIZ: 81 sol
1S5, l57, As a. the rate Of lcss thah one -hs u
oil ems per cent. And Il the collection IS
made Ia currency, VIZ: 1857, 000, 600 up1n
an assessment OF s24, 655. AS, ISL. il would
aRoalt to one and haii per cent. Arid
when IL - remembered that win the ply
msnt Of the ,axes qarrtsrlS, measure
which strongly recommend, less than one
fourth Of the currency will ssfics tor the
quarters tar, and the amDnat c,siectea IN
any oae quarter will b. restored to the
circulation before another becones p4ya
BILE, nHts .-r-Rt tai the resources oil lhs
ssfatry are saPIe ~ meet the prep ssva
increase OF ;s=es.
II may b. s5;;e ctsd that the several mea.
sares esns,Esd will aassIs reduce the cir
eslatisa, sad expose the country 20 tn
srl.s Of . declining and Insufficient cur
reRey. fhs reply to ,ai. osjsctoni. tina
the evils prsdieated are. L. saiae extent
inseeGAbls frsw the rrductlsn Of the cur
rerey ssd the improvement oil rs vsiue
ALy asassres that are successful in effect
iag tks desired rsf,rn must, Vt necessity
De lsilswvi By the trial. taat attcad spor
sssh t:assit,aR. II Congress does no
MIsfTo's, esc ~ sone slsa Measure as
hsss vsa;sred a. recsmsnsnd. restore III
currency. ir'as-.!y. jas.eioss!T ard y
means ssss.est4ry sc,ion. ~ will assured
l. r-ls.ty .,.sif ~ ssBse ,isieat and dl.As
tryes ssass.ssa.