The Indianapolis daily herald., 1865-12-29
Ssperienes Teaches how often DIFF
ssrent ~ Rational Conjecture from
Mslnue uofy Ingf.

when Emitted states bonds, legal tenders.
etc. were wicke,lly issued by the Republican
party exempt from taxation. II was continual
IL asserted BY thcm that these bond. aud these
legal tenders, ETC.. would be diiused among
the people. In thc hand. II the poor n we'll ~
the rich, aud thus all would equally receive
the benefit q the exemption, that IL, as each
tai payer would own these bond. In proper
ton - the amount or other property he owned,
the law would simply operate 10 exempt a
ratable portion % the property Of each from
taxation, and throw The whole burden on
the unexempted property Ia equal proportion
upon all thu tax payers, aud. hcnce. no In
Justice De worked. bat " this were 81 be- 80,
the bonds might Just - well have been issued
subject % taxation, bcctusr. no special
benefit was % b. gancl Nv anybody, no hene
M n all was 20 ~ gained. far none could be-
except spectral one
n the Republican politicians really believed
la this theory. that fact shows their Ignorance
aud .lmplieit, u they dld not, u shows their
vlllalny anl hllhle~np,s 10 the people Aud
n the people believed In Il. the actual fact
shows how tha, have been derrlyod ani le.
ffaudsd hy The Republican leaders Those
headers now. .ome 1T them. attempi 10 Keep NJ
the deception hy pretending The notes e., are
h,able. au1 are actually taxed W al etses.
when they knnw better fhey have ~ itea,
however, that they can slill lrude lhe people
snd hold their Votes,
fhe Eat b.. ani che people viii hnd u e,i
that. a. least. three thousand million. 81 prop
srtS are eNemptfrpm state and Municipal taN
alton, and those millions ~ property are masi
" In the htnds II lhp rich, aud ehai i ael
~ f1slf hints H1r - ntpi,fy gdss6ty lafa
then 4 "a lskei howf
The lshars - the summer are ever The ~
horefs are, ~ great numbers being discharged
ffom emplaynani ff The winter, IN the nalu
raj course ~ thnfs. but this 4 not alt. nor the
worst ~ II now hari tlmas are slowly creep
ins over ~. these viii not come on with such
raplslllf a. o. break up man, of oar business
men u capital, bat The, viii frce them o.
gradually eurlnl business. aud dischafge tier
employees. capital viii gradually roll ltself up
Ia IT, eHnlls CLOAK. roiirc 10 10. parIor, put on
is slippers AM dressing gown, ~ down IN IT,
easy chair and Ice upon Itself. happily, JOY
onsls, undistuphei, unruiliel. hy the signs and
The cries II suffering want Without Hut how
now fare the discharged laborerst They too
have retired. but o. soffowlng homes, They
have each honse aud bot, perhaps, cow and
bed and table, elc.i these are subject 10 taxa.
tlon. Each Que has, perhaps, hundred dol.
lars ia Erccnbaeks. OF u hundred dollar United
states bond, fhis II his laid NJ capital that
he has saved from hl. wages during the
summer. This l. now his resource iof bread
during the winter. This bond. u hc has one.
he must now take 20 the retired capitalist, the
banker. and sel % him Tor, probably seventy.
ave cents 60 the dollar, 60 chtaln his winter
market money, In short, the labofinF men
can not. In these times. lay by capitals hence.
they can not retain United states bonds,
Hence. and thus ths exempted bo.ds pass %
hs possession ~ the rich capitalist Hence.
they. and they alone. escape taxation, Al the
expense 81 the ret of the people.