The Indianapolis daily herald., 1865-12-16
Exemption Of United states Paper
from Taxation.

Exemption Of United states Paper
from Taxation.
Tue Gnefnnafi E.s7sirrr, speaking Of the
Circular q the Auditor q state n Indiana.
say.
II the Naaitor viii refsr % the Act n CON
Eress, passed June -. i-si. he viii and the ~
lowing clause.
An spnds. treasury notes. and ether ol.fi-
gstons - Tn United -t.f.-. shall b. sxemtf
rom taxation i'y 90 unHrr tate or municipal
The thirteenth -erii1n % tli. law provide.
a. ielow-:
= The word. obligation. ~ other security
= q The United states u-I IN thi- at .hail
be MD - Include md IA az BOMBS, con-
pons. national currene, aitsa stsfe. nofss
treasury note~. fractional NOTES. check Cor
money OF authorized officers ~ the nifoI
etaie-, certificate 81 inslebfednes.. certificate
- deposit. stamps. anil ether representatite-
- value q Whatever Denomination. viii have
grcss-
-Ihat law T. in force. and ~ NAY b.
sen, eXenpfs from taxation by state or nu-
nieipal authority. al b4u.i- coupons national
currency. United state notes. Treasury n0te-
Irrational notes. ehecks f1r money Of aithor-
lied officer # the f-Htf -tsGe-. certifcates "
indeb;edness, clrtitieat e deposit. stamps,
and other represent ltires Of value Il whatever
denomination. which hnre been on faf,, ~ IL
sued under any a. a congress. Noihing
could be more brosd 81 comprehensive than
the language used l'y that net 81 Congress -
exclude rom stat and municipal taxation all
representatives, n vaiife that nav have been
or that shall be issued under any act Of Con
gress.'
When Ne rai-c the o. lection that United
states bonds ought not 70 be exemp, from tax
alton because &c II iHjsistiee q the IabcFsas
and farming populatiaa we are always au-
-wered that the c6vertna ~ was forced t. Is
sae the bonds with fhs exemption because II
IL necessity T. false munfy, even By submit
ting 70 this unjust provision, the capitalists r.
fislng - take them without il. This T. ALL
hitting The siElfnous shyiock character u the
capitalist their inter- de.tltution Of patriot
ism. and thal they ont. incl the privileged
bond. by duTs.. Tsi- j. the excuse gwen for
Whist oiherwise. II II eoncedes. would exhibit
the most wicked deiibtrlfs attempt # the r.
publican party g. lcgi-iuf specially for capital
1..aiu-t labor.
But This excuse viii not apply g. The millions
Il legal tenier notes rhey were made ~
law. money.
They were made circulate from hand t.
hand; were las.ir I-s1 tender; were made of
par value b law. flpir price could not b.
affected liy taxaiipa..or exemption. heeause
they were made par. made money, made the
measure u ralue - "A property by law. IN
at. therefore, exenptiig them from taxation
would be n diaerea, IN operation than a gen.
eF1i law exelnptius al money, or all land. or
all zeal estate from taxation; and would be-
operative only white IN fore. n could b. re-
pealed. and the rlA. Il property r,frpsl 70
subjected - taxation "a any time.
Here, then, we have plain. deiihcrlt. IL
tempt % enable the rich. who alone can hoard
money, or have lire quantitie~ # ii on hand
At time O. escape taxation. at the exp.n-- 81
the poor. or this There can D. no doubt. ana
we call the attention " The Iiboring men ad
the poor men O. tiis ease 81 special Republican
legislation for the benefit Of the rich We put
il 70 the Republican party. anil AK thcm to
explain this villainy. There Is thu law. - lnd-
ing on the statute book, passed By thcp ar
cetteHce loyal. patriotic friends of elaqf righfs
the men who were 20 hostile - inequality that
they would involve the country IN war To-
free the negro. aud then, IN TIN, phari-al,al
devotion t. equal rights WHAT why throw
The cost Of the war, and the expense II tl,
Government in time Of peace on the poor white.
mems labor, % the exclusion Of the rich mem,
capital. There Is the case. There are the
fact. There they will remain forever; bcc.,u...
they aro printed in a book. AMI laid away in
the carefully preserved archives Of state.
Now, then. we Our way in reducing the
exempted property 10 taxation. Repeal the
law eXcmpting al other property except tue
bonds. which being specific Government obli-
cations issued 90 imlisiduals, BY sale and de-
livery, are claimed u esrry with them the con-
tract Of exemption >, % the bonds. Supposine
the exemption In their case 70 run with them
like a covenant with specific piece of land "A
fact on which We now expires no opinion. they
all fall due inside Of about eight years. and hy
borrowing money on new bonds without the
exemption, which can De done. we may pay
on The present, and thus subject all our prop
erty again 10 taxation. But, If the theory Of
the Republicans be true that the bonds can
not be taxed for eight years without the con-
sent OF the holders, and they Will not consent.
why, We must enjoy the luxury Of living for
eight years under this standing monument al
Republican notions Of equal rights. and the
proper treatment Of the laboring mem