New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-01-06

vi,ibg III. due share OF responsibility 10 the pu,'lp
ueit and Of throwing upou lis less fortunate ithoW,
ci,zrps burdeos which eeitimgtcly belong ~ hmseh
T. Is So much easier to hide thousand d1as tnah
hole In ones cOat that IL Is tcnrce 70 pe WOooieu
that much prop'sty ESCAPES a1a'lop' OF tt Nv nm!
ind yiduas should BE- found making hist Ittuhsoi .H'
amount Of annual i.oom. received hy tucm.
Jb' etteLh1n "a the pable IS cAl;h! rE,c'oG ~ ~
oyerahedovtg p10'o oeot aec1L,,'ys 'b 900.
National Government u The payment "i tAe teofis
interest and to the collection OF revenue N soi' NJ
gree commemorate witt the vast e~neh ,Hies CIV Aoi
D5 Tho existing war. BnorH"as a. Is t's Hf''" upo
ia rcsou eos = the country tfcse Eie 1Dly B" dUeut
10 meet The demand II the weight 10 We DvTe Dc as
tIibuted through proper seles o. yea "a u iAe
present uxactiOus % CpPortlOIcd VIVA WESTON sl''
lie to tie occasion. But wien NC 500 committee Wlc
il sinYscd TO emhOds the highest financial col ueIclh
and satistca information OF the House of ket-esenta
tiyes spoId six rOntss ia ptrftnrg fc'cAu' Dii hu
then u.cr huuIred and nitI dnlenamelts u iHe
bin thus perfected aud pass them, WITHOUT allowed oe
bate or scrutiny under the previous question TIC Iudc
confidence must Be strong intec ".Ica J, nor ''afol
In view OF ~ results The necessity cor ocient nc;on
ON Le pa OF orr State authorities 10 eLhlBC' y! no
f1ct, t'at only must NcS-i ors coHtiiO.is ri =
l1rrly 20 tie necessities OF na general b"cihn'h b,
but she must also meet an enormous lE're.' 80 o.
domestic debt, resulting nom locii lo4riles ~
Yoiaat era, rs veil a. tie enhanced mi,i.-!y g..
civil sxuGUCitures Of the STATE. IL Macy a'ct,.7s
the tax Tor tho frStIacad objects. Voluntarily H."
posed, he's fallen 18th almost ciUsniNF ehtct on ma
Ciiizetp; end when " this shfii pc edGed sac IVA
county tsze, il viii teqmic bo'h pa. enc anu plilo
ism 10 ct tho e1nc,CIS without el!cIt'ng On ontcl
that 9, all 90 distinctly heard In the bells Oh tsslipL
In view o. these circumstances II seems 10 ma toe mot
AID BIGGEST duty which tie Legislature owes 10 IT.
c1r tlOroKRAig r6riss The .dns = 'otfiod-
NJ kI' them fer more searching md ehee'e tln ire!
al present II is to Dc regretted inst the exencts
q tie nation tLoUl have nGuccd COngr", 10 Gnntf "
ne s,oc Issued by q United States an eIcmp0H Jf0n
SAFE and rLHiclGl taLaon IL To1id seem 10 be iIi'e
enough that tie Fortunate hOJ'!s % i.ese tecuilde1
saoud tier interest ~ goId thus he'IIs IRON
twelve "a fifteen per per aLDgD Ia curency VIA
ont G iding In thcn a refuge ron 1rauon a'.p t2tte
e1tcHt Of Investments therein Ga tins sloect hdolf
f5 c.pr'ssve n ny own sentiments, the following ci-
uscis from report made by mIlf.ty oil inc 0oL'
l.it'ce on Banks 20 tle list Assembly;
In view Of the s1sion which mus Helss'irhy io oJ =
heco..' o. Aies, no4,ft ta re bsidel . D.
community .b6ud be- reached, n. .Iaei2ns vi II q.
msnv with ~ which our history iiihcFi' la''
no ara'el that uldor any 'ys.m which usy be dey r,
mere viii b. in"quitrs u quite certain oui care ~" 90
guard MT cy4sops, shd 70 Eaf, tht ~ slo ~
fsir but nr.t sppHen p,'', sons o. iLe l,clns 1850
], She assumption of'Le oe!ty Gerry AID Jlt-e ron
M tirpie iatt A., tnriS1d borne WITH cc~Ip.I-iya
chccgulre. from General nv'cii, int tie rr, wcn
imposes >ocnly DIT ibi' -Lon:s lo's-" and rt'c,i
Least Of 81. vii tie community te gad t. 'otrir Iv'
e-,d c.s, 81 = q ~ i4ydI-i', Who ei
to- M el, Len an olrs ts =. M H.
caIsrs,. t- immunity .if.I,d 90 iayc rlt. IA
~ sacts a.d etuiie- tir Un.ei iae' % ir i'J eN
auol7' sue primary efet Of Ne exemption mcrc Psr.
tcsiy tviteLi IA tie CO 81 cospoTioii an oi"ts =
!
tir >~rr-s cepi'ai' toad ttis p;!o. therefore .
70 Pc op iiy- u trr c,tr tanif fT rol' .sr az
faca, no. nd htov tle scauu ted blr-n 1pp1 prop
a tmouti otfe norh debt Arsiy cI-sris re- n3afoHf
o. rtset d1ags, ua af 81 cll1a n. sa,nnt O. ldo ~
be ttd.v'n for IA - ~ Ne cam; t1i F'rssnd
/ sI:' naion 81 nc exception pine. gie -. .
Il " scarcely u colteadea hat II private caria!
ists cIl exemit tlr property frun t0Xat,. Ay 'I' -
neut IN government securities, tlht eop-a.oaa iaay
no. WITH c.ual pDTrc avr thcm 5e.v's u t.e sr4rc
Immunity. BIT It would be esq eis!ly rlia, % zen!
this privilege 20 our oN banks ~ lie NV 81 l.ial',".
authorized by Congress axe H. escape .-iCtpI u der
TINS cover On this poiLt the rep Il " SHIe have
, al'ogdy nivertcd justly observes;
sutrd d i a, p.r,on BE- 10 fail. d.ccrn IN
{ Ht d.. a fame cfl" That via pr T. To trNffrtte
~ r,rre-. '.ycs Of tnsnoa ,au-. In view OF 100 a.
I.oarrug nry IL the ticia, Of fouui Inhcy %
A. "a tie inf ugus which have D' the csi a. 1p"t
ldaT.e1 t. the ~'rs"s Il tue business community te
Of t l. e npsu ton tas burd-hs irei4eIi - pop
,ry n other f2s bit ry plsouf al n "a eu- iooas n
u; r.,p~c5y .lhj etu nys inutu,iou' doing en.n.'.
within the STATE. extent OF tIaion 50 tho tsils
wui-n derive or heinz rom ,-ist'N' attboDty j. she
~ WheN bnt ho STATE taas. iot! pAyen' 81 f' lt'r
iec 81 Les .tvcIct United s.tss sscIf 80 b, not
cs to sen oil rfoP"ry inve'tsd mon'y'd o"'pot'
en.sTseJ sfd sie9 uni Ju,ti,r ths rsqod y .'s.u'L
trough r1bc njl4 "a. ben 'cdno'-y ent.a''d into
80 tei~ g a tie saie- e., ''h re- . oHpo'h hhl hA
s Cat ctlnot bs STAT. al'lofliy t4ofe a." iho,
b,.oy- thst q. p'ru, efean,es'r1 "..-n e'it1.5
nit. ard tat o1 lie 2" ief" ' whn sn7 pio'h'" 81
slie authority r tho eius. ~ ss'InT nn
though baked ~ III to patronage Of Ae I'ca'a1 DO
Isf.ineAL - .,.,1, h.o, 4, .
O7e twenty milan; Of -T1 sa sG' rsis s Sssn ann N"
The alto Of more So pron'est 20 lie ct EtcaeI ht
Years 20 come 81 obviously nst Is L tetti property
5hold coLitnts IL hare 20 lie burdens Of il' 't-o
Which thcEo rs'if1i.ols arc Ipclisl tNrt congress,
IT 10 last scss on. ~ iS amenIMeais To ~ national
Tbs ro,ia. IL thi. SCI ,,i BE- construed ,v,r sil
hr 4 are Ia sny hc lid e.Jsions I-f BY prf'on
or BODY cnTporLe ou being Included la No valuation Of TIE
pe,.onsl gopsrty Of su,b peoI corof4o the
4 4
wnefe IN ba 10 locst-d uud not etsef", bu. not a.
greater h. t' oi Up o;u,I Hongyo oaiI hthe
she iu pad udeI tie laws Of any hte upcn Ne
fcs Of .y Il TIE ts.o ,ior, authorised b. tl ,ei ,a
~, .Ioed the posed upon the shares IN Any Of tic
ban. rlcd ulaef agnofiy Of the ss'ls "'I' aeh 40
10 makr ,lis provision operative. nm amendment Of
the t0s laws 5,conls imperative. Originally tho meth
cd ahorr ind ted prevailed b. tins Stiie or Tie tAn'
ton u bi p, stoc. but at present de laws recognize
and lie capital IN gross, or rather on an a.gie
gate valuation cqr 70 thc tl Of ercb bank. asso
Ciaon or nonoyed corporation ana tbclr Surplus enih-
ncs Cess tel Ier cent 81 such snrp.Hth nor d" our
Law coo niIc The taxation Of personal property save at
the place where tie person assessed may reside TheGe
discrepancies should be obVitod ~ The adoption Oh
law fully covert ing the whole sub and think should
be made uniformly applicable to al tie coiporai!ons
md associations within the state IL may De urged
that under such sys.e the stock belonging 10 foreign!
en-, or tue ctcns Of other Stltcs would escape taxa
ton. But this can be guarded against by providiog
that the cashier Of each Institution shall In tho ease
stated deduct 0E the LrBt dyideDl accTug G.icf tie
imposition ~ tnI amount equal 20 its payment
Such II mistake not il the method adopted In some
If not ALL ofthe Statcs whore the taxation Of corporate
shares prevails With such method made applicable
u State and National banks, no reasonable ground Of
complaint corld exist tho burdens and advantages
would be equally shared.
As to individual property invested IN United States
stocks Congress has set the example u taxing Ito IN.
come thercirom though at less peiceftage than IL
imposed on ilcDDe derived fom other sources Bu! as
the public faith Is pledged against taxation OF the prn
cpa thus invested Congress viii eventually be fOl ocd
70 the adoption VI alternative whereby the puthc
TAI ms be aud Justice done Otltr