Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-03-22

constituting a shame and disgrace to
the people whose Governor" put forth
such unwarranted papers, and demand
ed, in them, from an already over-taIed
staple interest, an additional, oppres-
sive income. He referred to the Cover
nor's Message, submitted last January,
which distinctly declares that the Rev
enues under existing laws are and will
be sufficient. We have hunted up the
message, with some difficulty, and find
-(whst, we presume, Senator Sumner
cuotedl-that on the 10th of January
last, Governor Blasdel said, in his Bien-
NAL Message, under the head of "Fi-
nance and State Debit" "This amount
1890, OOO) rith aeeruing rersnues will, in
my opinion, entirely relieve our financial
embarrassment, and leave us with ample
means in the Treasury to meet current
expenses" That's what His lntelli-
geucy said only a little over two months
o Then he recommended no modih-
cation Of the Revenue Laws-none what
ever but declared that under the Law
as it stood, and now stands, the State,
on q 5000, 900 loan, would be entirely re-
lieved from financial embarrassment, aud
there would be ample means in the State
Treasury to meet current expenses.
What changes have occurred in two
short months, to warrant an absolute
assertion that there was not an ade-
quate revenue" for the purposes just
named? Not a hint is given by either
the Governor or Treasurer in their mes
ssgesl last winter-during the two months
last past-that the present Revenue law
was not sufficient unto the day Of dis
bursement. On the contrary, and en-
p~hatically to the contrary, Sumner
showed that at the very lowest valua-
ton, and supposiug the present taxable
property-total amouut-in the State,
to depreciate over one million Of dollars,
there would still be a surplus in the
treasury, after meeting promptly the
interest on the loan and the "current
expenses" as prescribed in the Appro-
pristion Bill. And according to a rea-
sonable estimate Of the enhancement in
the value Of the property in the next
two years-sustained BY the State Treas
urer's calculations-and the revenue TO
be derived from poll tax on Cinnamon,
there would be not less than 100000
in the State treasury on the lst of jan
uary, 1869. If the State Treasurer's
idea of the amount Of taxable property,
on the average during the next decade,
was correct, then he was by it more
more than justified in his assertion.
Sumner then presented the figures in
demonstration of his position, and chal.
leuged contradiction on them. He
argued then on the policy Of taxing the
mines; and depicted the consequences
to "lsbor" that would speedily follow
the levying Of an onerous tax on the
grand product of the country. He drew
attention to the fact, set forth in a re-
port of q standing Senate committee,
that the Sic, 900, 900 taken out Of the
Comstock lead last year, cost, for ex-
traction, hauling, milling, and attend
ant supplies and service until it was
shipped, SIS, 500, Ooo. So said the re-
port Of the Committee on Federal Rela-
tons and the Sutro Tunnel resolutions
So said the report, just printed, of the
State Mineralogist, Mr.. Stretch. II had
been said that "foreigu capitalists "
were reaping rich harvests from Nevada
mines, without paying a dollars tax to
the State. The Governor said so, and
| SO said his council. Here was over if
teen millions Of dollars, sent through
all the channels Of trade, given unto
honest, manual labor-constituting real
wedlth to all the counties roundabout,
constituting the commercial life-blood
Of western Nevada. This amount raj
almost equal to the entire taxable prop
erty of the State. The latter was S27,-
$50, 900, actually dispensed from the
"Comstock," to cur "the paltry net
profit" as q Senate committee had
already termed it, of $500, ooot And
yet, courses on these foreign capitalists,
that are taking away all the proceeds of
our mines, and paying not a dollar
toward bearing State %eIpensesr" How
ridiculous were such charges against
"foreign capitalists'-the very men who
laid the foundation for the real and
permanent prosperity ofNevada. If the
figures were reversed, and they were
actually, to-day, taking $751; OO, 900
profit, they should not be anathema-
tized, but heartily congratulated by the
people and the peoples representatives,
who understood and appreciated and
had a proper sense of gratitude for de-
veloping Investments. This howl against
..foreign capitalists exhibited a low
aursrian sentiment-it was clap-trap-
Il was of the trash, trashy, that had
been thrown in the face of those who
opposed this scheme for bufdsnins the
mines, unnecessarily, with taxation and
thereby, necessarily, reducing the wages
of labor. Senator Sumner closed with
an earnes. "protsst'' against tho bill, as
representative of Storey county. MT.
Gutter says he will, SO soon as no can