Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-10-01
TAXATION PER MALE ADULT.

Taxation $l23 per annum in New York
$40 in Sau Francisco $l43 in B ,stou |!
This is what the municipal, State and Fed
eral Governments receive. Heaven only
knows how much more the unhappy tax
pai ers pay. At least over twice as much
in the shape of exhorbitant prices and ex
horbitant rents. 49, @'h
From this it will be seen that there is
but one policy to be pursued: contraction,
retrenchment and reform-nnhalIing un-
sparing, and as rapid as is consistent with
safety. ''' - .''- -
EXEMPTION OF GOVERNMENT BONDS FROM
! i..-ar4.I .,fr TAXATION. 81, r. ~. r.
One thing NOR and i nave done with
this part of Tthesubject. The unscrupulous
men, who have been engaged in promoting
changes of the character L have describe |
to you. in furtheranee of heir base and
selfish objects, have invented another cum
ming device by which not only to rob you.
but to secure the fruits of their robberies
through the means already exposed to you.
Let us take the case of the MERCHANT with
the store stocked tull of dry goods, who, by
means of an inflated currency, has sue
ceeded in selling these goods at double
ppices. This artfuI man knows full well
that if he were to invest The p Oceeds of
his sale in dry goods, he would gain very
little by the OPERATION, seeing that when he
went to buy, he would have to pay just
double what he did before, and consequent
ly could only exchange the currency pro-
ceeds of his first sale for about an equal
amount of goods to that with which he had
first parted. For Instance, suppose he had
owned a million yards of calico, whi h
cost of % cents yard. worth to sell at %
cents. Now suppose by means of taxation
or by means OF an inflated currency, he
had caused the selling price of calico to
rise to so cents yar,l, al d then sold it, he
oc III
ceeds of the SALE. But if he reinvesGed this
S5OO0O0 in calico, he would find upon un-
dertaking to purchase again. that the cost
price of calico had doubled, that is to say
had risen to Al cents. So that if he lai1i
out his S500,000 in calico again. he would
only have l.136.363 yards. or l36.363 yards
more than he had before-aqual to a profit
OF Is per cent, too small a, result by far
for such an effort. Therefore, instead OF
investing his money in dry goods. heeauses
a law to be passed eNempting GnveruuIeni
bonds from taxation and then he invests
his money in Government bonds and calls
himself a patriot
HYPoCRITE.
Look - he says, observe what conf.
dence have in the ever glorious Union
Every dollar of my money, fellow-citiZens
is invested in Government bonds! Bow
down and worship the exalted faith anG
DdUrlOGlSl1 WulCil AuuUCOu lil0 W TlSk
nv all in the permanence Of this, the bes
G0yerpuent on earth, ,, 81 ;5TG glirm n,tl
But whatis the truth, when this mask o
hypocrisy and lies, is torn from this strick.
tiers face? The fact is he has managed
not only to double his fortune. but to piac,
it where it must remain secure from tn,
ravages of taxation, or the, Yieissitu des O
currency changes. After having wrecke(
your ship on the rocks, he has put off in
boat, aud anchored himself id harboi
which has been walled about by the toll o
YOUR own hands. He thinks that for every
hundred dollars of currency invested il
Government bonds, he will obtain, (wbel
those bonds are due) hundred dollars ii
gold; and meanwhile six per cent. per al