Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1865-09-29
THE WEEKLY FREE PRESS
Taxation Of United States Bonds.

Taxation Of United States Bonds
The following resolution is one OF serIes
adopted by the late Democratic State Con
vention Of Chic
Rssolred That we most explicitly con-
denim the policy OF the party in power in Great
ing thousands Of millions 81 government debts.
and attempting TO eXonerate the holders thereof
from all obligations to pay their lust proportion
Of taxes for the support Of the State in which
they reside, and thereby creating odions and
privileged moneyed sristocracy and declare II
TO he the immediate duty Of Congress and the
State Legislatures 10 all the legal and consi-
fufionsl power they poesess, TO subject money 20
invested 10 burden Of taxation equsl to that
imposed upon other property for Federal, State
sad municipal purpoees
We quote merely as a sample, and because
it is at hand. The same doctrine, in sub
stance. has been asserted by other democrat
ic conventions. and in some form and guise
is drummed into the readers of sundry dem
ocratic newspapers in this and other States,
Nth zeal and pcrsis,ency worthy of a bet
ter cause.
OF course, the men who framed that reso-
luton. knew that the national debt was not
created for any such purpose as they die
honestly imply With equal dishonesty
they imply that the State Legislatures can
tax and ought to tax the United States secu-
rites given for money borrowed to sustain
the government that, too, although by tx
press act Of Congress they are exempted from
such taxation. The re olution was purpose
" drawn to dec i've those who. from ignorance
and want OF .ufhcien, reflection, might he led
by it to suppose that the State Legislatures
have the power implied, and can rightfuly
.e IT, Yet the men who drew the rssolution
must lsve known that the Supreme Curt Of
the Unic, States long ago selai,-l, and l.y
repeated & ci-i,,is, t;st no suc'- pc~tr-xst-
in tie State Legislature.
l. VII 1905 be ami-s. for thoh5reft If those
who cI.c-flv desire information On thIs rub
jec;. iu qG"te few Isssages from TWO we'll
knoRu i ,I.i,ns Of tie United States SUI
prone Cart. made when MARSHALL sas Chief
a., =
81" ''- '>''''N "e'es ." '"' 'aeo vi
MtCuIl"ck jhs' S,atc Of Ma yisnd and
often. Il. " c.'o,'- R.. -. 3l6-+37I.
nId -: IS -, al -. e y. CRY Of
C'n'.'. &, l. =. p CT Z yar:>. 4io 4sNl.
t reihe -. =, < In u q
80 80 3. i'f- l-.t ila- ~. -, -. - 4.Ion
$500. -, -, g, =, ii. . - a; -
..
.''- 49,. - "lt' ana
W. ., rl.5-.. ...artt. Z, utra-
H.. ~
w.
- 90 O.. E r = iru .isii,ert
e! -'''''' -''Is
n.r 81, go.
- = 49, 49, = the
n. - So -. -. -. -
r. -, u s.. - IT,. -, :; :. ~, -
- a VIC
-:
=, -. -. 4.,a,' a.. - ~" u.
81. i-,x,IeI /, -. 81. -"
contract. walk .ubsistn. and ii fa.i fyl e., -
A' one llv~eil cat 4 'r.G;si which Is
- - ~ "a ',i"', 'nI-
~ - W" =
- " 'i'
nrhpr,sn.., -. -. -. ~ -. ns, q,
nv Nr,pS a.
Nh''' she honor. IT, Is y 's.s Independence OF
80 $3.50, W" -, -
must be brcugh' IL. #. 80 %, .-s.:- :, c 4 :ha
s'ana,n, ie'e:'~' e 90 ana r9sr ''s must
demands n tn. u.o,n.ys tbs nr..,l, rron.
jecs the u,0s' important which "a ,ui' IN
gorsr,s,n. ~ 80. -. ne" ,.,a
horrc~ m4nsy t4..it: crsdit u 3. United
o'a" ,M Hhsphi DC ~. r. 2 ''n., Or
Die which sn,ko.i,e- et,rr S,.t' 81 .y.,v
corporation = tie t"rnn who, 90 .rs the
r,gn. o. inaa.igt I. onr,en TOE 'r'rS'-'f 'hi
"Tl, rish, 10 tx the c. n,ract Va 81, .xtent
sher msie, mn,i Operate nPa" the i"sor to
bic influence On The con,rsc,. I.ary er,en,
however incoDsdtrstle.'t is burden on the
'"0". o fe,"sn'sNt II "'' '* carmel
" s' ,"e" e'.'e''
..r,.
this Court to be t.n on the Contract. tax on
the power to borrow money on the credit Of the
nan, 70 Ibs en,.,,n,;'', 'q1'''s' ." 'e 'sPue-
..'..r.s,.a1..l 80 -. i
"A A. = =
-, - -, 1911 ~" ', '
' f'o" '' !" e'''N ""o
.sS.--:..s y = WV o .".,
''''." S''f'' "'0 "'u"''''
' Oa "V",u n'' nave "
80 '"s '''e' '"e 81 p''21 ''o' 'f,e'nea'
- :. - fe'eA SUI s0.''
~ e'' '''' u" Ia ~