The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1868-09-15
EQUAL TAXATION.

LuCI0 huull b6 td0dLlOh "a GN6N
ry species of property according to its
real value, including Government
Bonds and other Public Securities."
Consider, therefore, and bear In mind
the following facts:
/. Every species of property" em-
braces all those things which possess
value, which can be bought, sold, or
bequeathed. The term includes real
estate, improved and unimproved-as
farms, lots, houses, barns, shops, facto-
ries, mills, etc. 1t also includes all
personal property-Hs live stock, food,
merchandise, water. craft, implements
OF trade, and utensils. from jack
knife to II steam engine.
2. Every species of property shall be
placed on the Federal tax duplicate
according TO its real yalua," which
means full cash valuation, without
exemptions or drawbacks.
3. "Including government bonds and
other public securities" The :tother
public securities' embrace State, coun-
ty, city and township bonds, as these,
are all public securities. 1t is thus
proposed that the Federal Government
shall tax the credit of the State and
municipal Governments, just the same
as it shall tax the land ofthe farmer or
dwelling of the mechanic.
4. The tax shall be equal on "eyery
species of property" A school bond
worth $1,000 shall not be taxed higher
per cent or amount than farm worth
1000. 1.-THE tax is two per cent on the
value of State, county school or nation
al bonds, it shall also be two per cent
on the cost value of farms, shops,
dwellings, stores, factories, mills, yes
sells, horses, COWS, sheep, hogs poul-
try, merchandise, Implements, uten-
sils and tools.
5. The imported property shall be
taxed the same rate as domestic pro-
ductOns. II two ner cent Is levied on
manufactures, farms and farm pro-
ducts. SO Two per cent will bethe tariff
on imported goods.
Under this Democratic rule of taxa
ton, the4farmers and planters will pay
a direct tax equal to three-fi of the
whole amount required for the sup
port of tho National Government,
whereas they now pay, under the Re
publican rule, no direct taxes whatev-
ever. The property OF farmers, plant
ers md mechanics is low exempt from
Federal taxation, and will remain ex-
empt If Grant and Colfax shall be elect
ed; but II Seymour and Blair arc elect
ed, all of their property, whether much
or little of every description, will be
heavily taxed, for the Democratic party
is solemnly pledged to do It. Let no
man, be taken unawares, or after the
election when it is loo late to remedy
the evil, say that ho did not
understand the scope and pur-
poses of the Democratic scheme
OF equal taxation of every
''species of property, according to its
real "value." All government bonds
held in the United States pay the sune
income tax as any other property, and
one thousand millions OF bonds en-
ployed i'll banking. insurance savings,
and trust funds, are taxed for State and
municipal purposes precisely as other
property; that more than half the re-
maindcr OF the bonds are held in Eu-
rope, beyond the reach OF taxation, and
the remaining quarter of Tho bonds are
nearly all in the city of New York and
the New England States, where no.
body of either party advocates taxing
them for local purposes, for the reason
that it would DO in violation of the
Constitution OF tho United States. It is
only in those States or sections where
few or no United States bonds are held
that the Copperheads arc screeching
and howling for local taxation.