Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1865-07-29
TliE NATIONAL pEBT.

The New York Times, In aa edi,orla! on
Ito Sn'ieRal Debt, sayg;
The National debt, IL eyer paid ~ all,
muaI he paid by taxation. II was Incurred
lor she beneti, Q, all, and all must help TO
pay H. II would he gIeGl injustice, more
over 10 throw the whole burden OF IT'S pay
ment ppon the people Of this generation.
The war which has established our Nation.
al authority, preserved the Union, main
tainei republican government on thls con-
tReni, aud perpctuatedU our free institutions
was fought ior cur descendants even mora
than fog ourselves, and justice requires tho.
they should share its burdens az they will
share i,s benefits. These burdens will be
heavy enough for all. The annual interest
alone, added 10 the sums required 10 NEE,
the ordinary expenses OF the government,
vii! impose upon US and our pos:crlty for
many years to come quite a. heavy burdens
~ 30 young II uslion can ever bear. AND
IT HaeQuale provisions is ct the same limo
70 he made Tor GiscAGrgiGg The principal,
wc shall have !i,tlereasonS loreSuliing over
C'hc. uGti0Gs 80 lar "a exemption from tax.
alton s concerned. Whist We have TO do,
.ho,e:ore, in regard to the National debt,
issmp.y 10 ndjus; itG burden as fairly ~
possible 10 those By whom they must be
borGc. The rates OF taxation ROW imposed
ere enormous. Every article Of production
and consumption, everything any body eats,
drinks or wtars-all tho forms of bus!ncss,
the works OF ingenuity and ar,, the result
OF Ia Dor, the luxuvies, comforts and mecca
sities of daily life, are assessed with al
most as heavy u tax as in any country in tho
world. And brsde oil this, the tax upon
income, npon what Iemains after all other
tnaca have been paid, is heavier far than il
England, reaching TO u tonth Of the whoio
when the whole exceeds $4,000. Hitherto
cur people have borne these burdens with.
out complaint; but il would be an error 10
snppoge that this will always he the case.
while the war was ilGgrant, every man
willingly submitted to any burdens which
its VII orouB prosecution required, and We
ste ye; feeling, in every branch OF business
the .mmeage s.imu.u3 which tho Tar sup
plic,i.
But by.ani fyc, tax-pnying will become
very prosac and imp easant business--
There will be nothing but q sense Of duty
and the obligations Of the Law to enforce il,
aIl we ehull find .hc same popular hostil;-
~ to tax alton here which prevails now
wherever taxation is known. What we
have to do therefore, is TO make the ta1s-
tior, which is inevitable, fal! rs equally and
lightly es possible upon the great mass Of
the pcopis. Tie subject Of taxation is
wholly new to our people and public men,
and it is one OF the most difficult and en-
barrassng OF ali public questions. a COM
n. 'ssi on waa authorized by the los; Con-
Sress 20 report upon it, and in Mr.. D. a.
Wells OF his State and Mr.. Joseph Chol.
well, of Pennsylvania, already designated
as two ol it's members, the country has as-
surauoes that it will be treated with ability
ami conscientious fidelity to the public in
terests. It will be for Congress at its COM
ing session to prepare End egalize s"mo
general system of internal taxation, which
shall be as little open to objection as possi-
bic. But any system that may be adopted
must be open to amendment from lime to
time, 10 meet the changing circumstances
Of the country.