The Indianapolis daily herald. [volume] (Indianapolis, Ind.) 1865-1868, 1865-12-11

The Resolution OF Hon. George =.
HToNu.
The joint resolution q the senator from
Wells, In this paper. viii attract attention AMI
command appreciation. II fayors the repeal n
the law exempfing United states bonds from
taxa;ion. These bond- are held by the eapi-
talists because the poor are not able T. hold
them IL poor man possesses one be j.. In
nine cases out q tn, compelled % sell Il g.
The capitalist on the bet terms ne can mako.
u procure means % buy bread for his children.
The faet q the cas- thus IL. a. Mr. CoFFRoTH.
Col. DrNHsN, and otheEs, % ably amonstrated
IN the HOUSE q Representative. that about
one-hffh q All our property j. held by capital
ISIS, drawing TX per cent interest. mostly pay.
able In gold, exempt from taxation. whereby
The whole bur,len n taxes = thrown upon the
remaining four-Gfihs u our property. the rate
on that being increased sufficiently g. eXtort
inc NTH which the rich are exempted from
paying. The preamble % The resolution an
nounees principles fundamental to a Rcpul-
hcan Government. They accord also with os-
tablished principles o. political economy. The
rrsi Of the four maxims a. 70 taxation. laid
town By ADAM SMITH. the Bacon Of political
economy, in his " salfh Of Nations, l. that:
:" Tho subjects Of every State ought u con-
tribute towards the support Of the Govern
ment nearly a. possible in proportion 70
their respective abilities; that is, In proportion
TO the revenue which they respectively enjoy
under the protection Of the state.r
We know that the agitation Of this subject
Is disagreeablo 10 the bondholders; they feel.
Of course, that if they could hold these bond.
exempt from taxation Il would be a very con.
venient thing or them, and 20 II certainly
would be; but they cannot DO 1t; AMI II Il fDr
their interest that they should consent to the
taxation - he bonds, a. the choice against
utter reputation. The people have been
taught, In the last four years, that necessity
and justice are above eompacts and laws: thai
they are above the forms, not only Of institu
tlOnal. but, also, of constitutional Governments
Taxation has caused much disturbance n
Governments as any one thing, perhaps more
And as our taxes grow. a. they viii, from yea
20 year, more oppressive, we shall begin t. heal
sung again the lal,oringlnen's ditties:
Taxation T. a bitter pill.
sugar coat IL a. you will"
10 was then a gentleman
The rebellion Of Wat TYLER In Fnglan,
was caused BY oppressive taxation. rs imme
date provocation was the act OF a tax eollec
tor attempting. by indeccncy, to ascertain
whether the daughter Of a black. smith Wa
over fourteen years old, and thus taxable.
Oppressive taxation was the cause Of tn
rupture Of the Jewish nation. SOLOMON wa
agreat king, bui lac was as fond Of women a
some modern rulers, and his government wa
expensive, and, hence, the taxes heasv. 81
his death, REHOBOAM succeeded % the thron,
and the people assembled and inquired Of hin
IL he would relieve them Of their oppressiS
burdens; he roughly answered that H. woul,
not, but that his little finger should be thicke
than his father Joins. Hcrcf,Ise, any guaranty
any compromise; the people rebelled. the Kin
sent to them ADORAAI. " who.was over the tan
butte the people slew him: the ten tribes s,
coded, set up new confcderacy under JERo
Bo,N, and, when the legal king proposed {
reduce the ten tribes by war; God Almight
appeared and expressly forbid it. aud as,gnc,
this peculiar reason, which our modern III
vines disagree 10 and hold inv aid that theg,rer
brethren, were two parts Of common nation
that they might make war upon foreign pee
piles, but should not tight aud slay each other
See | Kings, chap. :, Y. :: JosEpHrs an
AnNAS's History Of the Jews.
In France the nobility were EXEMPT fror
taxation, but the army was filled from tia
class, aud they attempted 10 justify their -p,
eial and most valuable privilege on TIL. ground
but the people couldn't see il. and still contir
ued restless; and, says Sir WALTER SCoTT.
was impossible that they should long contir
ne satisfied with the fcudal dogma which oN
empted the noblesse from taxes because the
served the nation with their sword, and.th
clergy, because they propidated Heaven in II
favor with their prayers We ali know "a
sequel The privileged CLASSES, BY refusing {
gracefully yield what was right, lost all in "a
French Revolution. There is more Of hi .tor
ON this subject, but space will not allow its pr,
sentation to-day. 1t will appear in anothe
number.