The tri-weekly news. [volume] (Winnsboro, S.C.) 1865-1876, 1866-12-01

ne IrcaSuref mas, IN .0DcUIcHCc 10
the Act of 2lst ofSeptcmber last, ssto
provide for the redemption of Bills Re-
cei9ablc, is jued by this State" prompt
" exchanged National currency for
Bills Receivable when presented. This
will rapidly reduce tho amount he
held on 3lst October. The undrawn
appropriations, and such additional
appropriations as may be made at the
present session, must be paid, princi-
pally, III Bills Receivable, until the
taxes for the fiscal year, commencinp
tho lst of Octob Der last, shall be paid
INTO the Treasury, which payments
should be required to be made bv the
Collectors as early as June. next. IF
the General Assembly re-enacts the
clause in the Tax Bill of the last year,
requiring that all taxes shall be paid
in gold or silver, National CURRENCY,
or Bills Receivable, and continues the
authority to the Treasurer to ex-
change the Bills Receivable for Ma
tional currency, there is no good rcas-
on why the value of the former should
not be at par with the latter. The
Comptrollcr-General estimates the
appropriations for the present year at
three hundred and two thousand seven
hundred and ten dollars, which sum
will be increased, if the recommends
tlon hereinafter made, to provide for
the payment of the public debt,
should be adopted by you. The pay
ment of taxes is, at all times, oncrous
. to the public, but is peculiarly op-
presslvo to the people at the present
time. The ordinary expenses of gov
crnment, however, must be met, and
the faith and credit of the State main
tanned untarnished, and taxation is
the only resource left us. The burth-
Ell should be rendered as light as pos
sible, by the most rigid economy in
making appropriations, and by rcquir-
ing strict accountability from all
public functionarics. Material changes
IN the subject matters of taxation
and notifications III the rates are
requisite to render taxation less
oppressive. Assessors should be re
Quircd to make new assessments of the
value of lands, and town and city lots.
The Capitation Tax is onerous, and is
not nproportion to the general scale
of taxation it should be reduced at
least one-half, and the employer
should be held liable for every poll in
his service on lst March next. A
general system of licenses to lawyers,
doctors, dentists, milIers, cotton pick
cries FOR toll, merchants, shop-keepers,
tradesmcn, auctioneers, livery stable
keepers, hotels and eating houses, nom
resident merchants and drummers.
and others should be introduced.
Taxes should be imposed on money at
interest, bonds and solvent credits,
also upon all articles ofjewelry, gold
and silver plate, and watches, car
riages, buggics, all horses not used for
agricultural purposes, pianos, playing
cards, &c, upon the capital stock of
all incorporated companies, including
railroads not exempted by law from
taxation, lcgacies, distributive shares
IN intestate estates, pistols, bowie,
knives, patent medicines and the gross
profits of brokers, factors and bankin.
corporations. The taxes heretofore
imposed on express. telegraph, gas
light and insurance companies may be
very materially increased, as these
companies are realizing large profits
from their several investments.
All public officers who, by law,
have seal, should be required to af-
tix stamp, in value from fifty cents
to two dollars, regulated bv their
value or Importance, on all papers
where the seal is used, the party pro-
curing the paper being required to re-
imbnrse the officer for the same.
And lastly, tax should be lowed
on all salaries and incomes exceeding
five hundred dollars.
A Tax Bill embracing these new
features would raise sum abundantly
sufficient to meet all the current wants
of the State, and provide for the grad
ual redemption of public debt. The