, 1865-05-05
Taxation of Mines and Exemption of
Bonds

A lot Ofindigestionl -.
Taxation of Mines and Exemption of
Bonds
The San Francisco Spectator (Union pa
per- makes some very pertinent remarks in
the following article upon the questsOn of
, taxing the mines of the Pacific coast:
The exemption of United States Bonds
from taxation is question that will soon ex-
cite great attention in the Atlantic States.
Its consideration now, in connection with
the proposition to tax the mines of the Pa
cifc Coast will form an issue for parties, so
soon as, the question of war shall be settled.
The people have, in great measure, ignored
every other question but that of putting
down the rebellion, and many, questions
have arisen in the meantime of great i'm
portance to the public, The question of
taxing the mines is one of the utmost i'm
portance to the residents Of the Pacific
Coast, who will resist it with all their infu-
ence. It will be urged, however, by a
greater influence, and will, probably, be car
ried in the end The New England States
will hardly be content with giving our
mines the go-by, while everything in New
England is covered with taxes and stamps.
The question of exempting bonds from tax
alton is one that affects all sections of the
country alike, as it tends to array capital
against1abor, by favoring the more wealthy
classes at the expense of the poorer, and to
place labor at the mercy of capital, by build
ing up an immense monied aristocracy,
whose millions pay no revenue to the gov
ernment, while the laboring masses are op-
pressed with burdensome taxation. This
exemption Of one species of capital over an
other, and of capital over labor, is unjust in
its operation, and is in conflict with the
great principle of political economy, that
capital is the only true basis of taxation
This exemption will build up, is building up,
in our country, an immense monied aristoc-
racy.a The burden Of these exemptions falls
upon the laboring classes, while the millions
of 5-20's and 7-20's, kept in the channels
of business, pay no tax to the General Gov
ernment, and draw their interest in gold
coin semi-annually The holders roll in
wealth and luxury on the property which
ought to be, assessed and taxed to carry on
the Government The bread of the laborer
should be exempt from taxation, and not the
capital Of the country. The capital taken
from our mines is taxed, and it would be
doubly burdensome to tax the mines. Why
kill the "goose that lays the golden egg"
while exempting capital invested in bonds?
Let taxation fall equally upon the capital of
the country, and lift one half of the crush
ing, double burden now placed upon the
working mans shoulders. An aristocracy
fostered in Republic is monstrous. 1t is
che greatest mistake ever committed by the
American Congress. 1t must be repealed.
Capital must be taxed, and labor be exempt.
.EDr ~~>~>~-~-~~-<o>------~~---~'
OH SPRINGs.-An acquaintance says
there is an oil spring on Snake river, about
10 miles above Boise City, and twenty miles
below the mouth of the Bruno. Also, that
there is another on fork of Crooked river,
called Buck Greek, about sixty miles south
of Canyon City. He has been at both of the
springs, and thinks the one on Snake river
might be turned to profitable account.
fsrf,r f -
THERE are large number of steamers
advertised in the St. Louis papers to leave
that city this spring, for the Upper Missouri,
"carrying freight and passengers to the
Montana and Idaho gold mines. The pa
pers say that the emigration by that route
to these auriferous regions will be very large
this summer
CROSSING THE PLAINs.-The .Leaven-
worth (Kansas) Bulletin says:
We notice more elegant outfits for the
Plains this season than ever before. Some
Of the best four-mule teams and wagons we
have ever seen leave daily for the Great
West.
The late rains have had the effect to give
the grass on the prairies vigorous start,
and stock ofall kinds is fattening rapidly.
The crops look well, and if the season contin-
ues favorable, the farmers will reap abun-
dant harvests this season. With the breadth
sown, the grain crops of the valley will far
exceed those of any former year.
-
The California papers say the prospects
are favorable for an abundant crop in that
State this season.
-
THERE is many good wife who cannot
dance or sing, and many that are good dan
GERS and singers make very poor wives
>~~~~~~~~~-<7s--~.--o--~s-
The Idaho Statesman says immigrants
have already begun to arrive at Boise City
from Nevada.
ONIONS of this years growth are now
quite abundant in the Walla Walla market.
There are also few radishes.
The Gallatin valley, Montana Territory,
is about So miles long by Is miles wide. Il
is said that all the lands in the valley avail
able for irrigation are taken up, and the
present season hundred farms, averaging
20 acres of arabic lands each, will be cult