Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-04-21
Taxation.

luAutiVhs
The great disproportion between our
expenditure, occasioned by the war and
the taxation hitherto imposed 10 meet
it lin part is forcibly illustrated by
comparison with what other nations
have done in time of war Some facts
of importance in this regard are pre-
scented by an eminent Philadelphia
writer on political economy, DIR. VIM
Elder, England, according to this writer,
added only sS,ll8,oO0,O00 to her debt
during the twenty-five years of her
French wars. But during that time she
expended $5,47l 100000 derived from
taxation. We have been taxed thus far
on account of the war about 500, 100000
altogether, while England was taxed
for twenty-five years, an average Of
$24S, 100000 per annisn Says DIR. Elder,
IF the British loans had borne the pro-
portion OF ours to receipts from ordinary
sources, her debt in 1915, without the
current interest added, would have stood
at SIC, $50, 00o, 900 instead Of $4,000, 0O0,
600. This should be remembered when
ever comparison of the growth and
the amount of our present debt with
that of England is Instituted, He re-.
fers to the fact that While our people are
comparatively fresh, and our resources
unexhausted, ENGLAND scas IN the rendition
ofeo peopie taaea for tCeaty-foo Successive
years, to Tie acreage amount Of S24S, 100000
a year pith an interest account RISING steadily
and rapidly, from S47 ,250,0 900 at the BEGIN
wing, to $l6l, 900, 900 at the end Of the term.
Moreover, be it remembered that in
1916 the population of Great Britain
was but 100000, the total value OF
their property Sl0,450,000, 000 and their
annual products worth but 81 ,667 ,000,-
coo; while the population of the loyal
States in 1864, is "a, 100000, the value of
their property, at the market rates of
1850 $13,395, 600, 600, and their products
the current year worth $500, OO0,O0O;
gioiag as the present advantage Of thirty per
cent. IN population, t,ce,aty-etgM per cent. IN
property, and one huadred ami ten per cent.
of annual products. @
With these advantages, there is no diff
ficulty in averting financial dangers,
ifCongress will do its duty. The peo-
Pile are ready for taxation to any amount
requisite for carrying on the war to
preserve the Union, because the Union
is necessary to the stability of their
property itself, to say nothing of the
privileges of free government because
with proper taxation the paper imitation
will cease, prices will settle upon a
more proper and stable basis , there
will be less speculation at the ex-
pense of those who depend upon
their honest industry for livelihood !;
the country will be saved from bank
ruptcy, and what is taxation in fact will
result in a pecuniary gain and salvation
to the country and people. But the pa
triotic determination of the people to see
this war through would alone impel
them to bear without complaint all nee
essary taxation; and it is only Congress
which has hitherto failed to appreciate
this fact and failed to provide any ade-
auate revenue from taxation. The re-
cent gold excitement, however, has
aroused that body promise OF speedy
action is given, and gold has already fall
len over twenty per cent. from the high
est point touched week ago. If a pros
pect Of proper action produces this effect,
the complete fulfillment of the work
will certainly bring the desired result.
DEMocRArIc EcoNoMY.-New York city
has to pay well for the continued lux
ury of democratic rule. From
statement published by the Citizens As
ISOLATION of New York city, it is seen
that with population in 1880 Of 2ol,-
1854, taxes were s509,17S, or S2,5l per
head. In 1856, with a population OF
784,65O the taxes were $6,932,337, or
$10,59 per head. This year, with a pop
ulation of about one million, the tax
levy is s15,0O0000, or about SIS per
head. The facts have been placed before
the Legislature, and it is thought re-
duction of the tax levy will be effected