The daily clarion. [volume] (Meridian, Miss.) 1863-1866, 1864-03-30

/ ScFlUeu.' uhu HO AuiuuTlty 70 reQllre
the payment Of the balance ia their
hands to be made by certain date, ba,
as the law declares. that the discriuaina.
ton between tho notes subject to. the
tax aud those not 50 subject, shall be
| lets to the good faith of each State. aud
the certificate Of thes-Governor theleof
shall in each case be conclusive, I
doomed il proper-<to issue the notice
! As some Of the collectors may have re>
ccived in payment OF taxes, notes of the
denomination Of 500, which nav not
BE- paid into the Treasury by the first of
April, I recommend that when they
are pald in the collector shall be reorir,
ei to make Eff iiavit. or produce proof
that such notes were coliec cd at time
when they were receivable. towit, before
the passage Of sueh act as you NAV pass
forbid,ling the receipt OF such no-es
Aud that IN all eases Of payment into
the Treasury after the frat Of April lhey
shall produce proof Of or swear to the
amount collected and held by them Far
THE STATE before that date. I NAV
thus be enabled to prepare a certificate
which viii comply with the intention of
the law, although its letter seems to
require the personal knowledge of the
Governor. which can only be had of the
fund in the Treasury and other deoart.
mentS at the seat of Government. Strin,
gent laws should be passed to prevent
the collectors aud other holders of pub
lie 9eney from exchanging the monies
received by hem, and requiring them
TO pay into the State Treasury the very
money received ly them for taxes or
other dues.
I5y tho IncnrSl0ns Of the enemy. many
u oar c2tlzens have been deprived Of
property. for which they have been as
aessel the tax on which they are liable
10 pay. | advise in ali such cases tiIas
the tax be remitted.
voull most heartily ccnc1r with
YOU III urging upon Congress a reduc-
lion Of at least fifty per cent. Of tho tax
IF Gge per cent assessed by the fret sec
tion OF the act entitled, IAN act to lay
additional taxes Cor The common defence
and support cf the Government" aud t.
chanse the tax on solvent credits to a per
cent on the interest they bear be-
lieye the tax on land d4n1 slaves uunec>
es3ariiy onerous No agricultural cspi>
tai can bear tax Of 3 per cent. in times
of peace and no nation is expected to
provide for The payment of its dybts in
time of war Il is iA,timed. for in sew
cral of the SAFES no part of the tax can
be assessed, in others but partial c0llec>
lion can be mada-sacri6ces of property
at prices controlled by the lowest m9ney
capitalists will occur with embarrass.
merits Of title, aud oil the other evils
that result in tax sales.
1t is unnecessary, for it will add no.
Thing to the crcdi; Of the Government
No prudent creditor desires to see his
debtor exhausting his capital in making
partial payment, when By time be
may pay the whole debt. It may be
safely estimated that the taxable prop.
crty of the Confederacy will be doubled
in thirty years. If the whole debt on
the first Of January, 1865. should be
fifteen hundred million dollars. and
funded in FIVE per cent. bonds. redeem,
able a. che pleasure of the Government,
rate of tazation which would pay
the interest for the first year, would
pay both the principal and interest in
less than thirty years, assuming that
ia, increase Of taxable values will be
uniform aud will be doubled in thirty
years. This would leave the increasing
revenues from duties on exports and i'm.
ports to be applied to the payment Of
the principal afaer providing for the
current expenses Of the Government
And there is no need Of sinking fund OF
other devices 10 which States whose
rateable wealth does not increase. are