The States and Union. [volume] (Ashland, Ohio) 1868-1872, 1868-09-16

ing Government bonds ana otheF pup
lie securities"
The revenues of the United States,
under the laws of a Republican Con-
gress, are mainly derived from the
tariff, sale of public lands, internal
revenue, from taxo on incomes over ST.
900 per year, tax ON the manufacture
of whisky and tobacco. The tax on
all other manufactures has been re-
pealed, relieving manufacturers from a
tax of S167, OOO, 900 per year, which
they have heretofore paid. They have
levied no direct tax upon lands N
chattel property.
For the benefit of the fortunate
owners of lands and chattels, we will
show them what taxes they would
pay the United States, in addition to
those now paid, if the Democratic pal
ty' succeeded in getting into power,
as shown in the above resolution.
We take the valuation of real and
personal property from the Auditor
of States report for 1857:
For Ohio land, In country, s501, 4 i,584.
For city and town lots, 1a2,s4s,d 13.
Chattels, 464, VIZ.
Total, BLISS, 754,17s
If a tax of one per cent were levied
upon the above amount for United
| States purposes, it would amount to
! sl1, 1887, SAG, 70, which is nearly three
times asmuchas Ohio collects for State
PURPOSES, which was in%1S67 on the
above valuation So 1881, 090, rs.
The above valuation of property
was made before the war or IN 1903.
Another valuation must be made IN
1869 or 1870. That the value OF all
lands and city lots have doubled since
then no one will deny, and doubtless
much has quadrgpled. Say the next
valuation of real estate will be one
double what it was in 1889; then II
was $685. 93 75T, in 1870 it will be
81, 447 1871, 514. Say the chattel prop
erty will be only S500,000,O 600 or q
fatal of 81, SAT $751; 1914. =,
One per cent, on the above would
add to the taxes of the people OF Ohio
in 1870 under Democratic rule $18,,
579,S75,2 "A. By far the greater por,
ton would fall upon the farming in.
tercst and other owners of land.
Seymour, the representative of Au,
gust Belmont, and the other bond
holders of the East, altogether over
reached their rural brethren in the
West, when he agreed equal taxation
of every species of property according
to value"
ANY owner of a house and lot in a
city, OF offs farm large or small, IN
the country, can readily calculate
from the valuation the Assessor places
upon his property, what an addition
to his taxes the Democratic party
proposes to make.-State Journal
When General Comfy penned the
above, he must have been slightly in
the fog-foggy. Let us see. 1t viii
be safe to estimate the amount OF
Bonds held by Bankers and others
in Ohio at two hundred and fifty
millions of dollars. A tax of one per
cent. on the dollar, will yield s2,OOO,-
600 of revenue, to go into the State
Treasury. General Comfy insists
that to impose this tax on the bond
gentry, will increase the burthens OF
the land owners!! What bosh? 1t
would tighten the burthens of the
land owners, laborers and mechanics
Just $4,000, 900! which, according to
his estimate, would be nearly two
thirds the amount of taxes to be rails
ed. How ~fallacious then, the argu-
ment against taxing the bonds! Let
the tax payer remember, then, that
his taxes are more than doubled by
reason of the exemption of the bond
holders and insist and demand, that
there shall be equality of taxation up
on all property, and exclusive privi-
leges for none.