The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1868-09-24
Equal Taxation.

There is no ambiguity in the Demo
crat lie platform on the subject of taxation
Language could not be made more clea
and perspicuous than the sujoined
Equal taxation of every species o
property, according to its real value, in
GLIDING government bonds and other pub
lie securities y
1t means exactly what in says 1t
means equal taxation exactly the OPP
posite of unequal. eaxation. 1t means
equal tax of every species of property
not unequal taxes by levying all the
taxes on fve-sixths Of the property and
none at all on the other one sixth. -Chj-
cago Times.
We agree that there's no Ambiguity
In the platform on the subject of taxtion,
and shall construe ii exatly in accordance
with its language. It says: ''E"7ai taxa
ton of erely species of property according
to its real value These words can
have..but one meaning. Let US analyze
them
|. Every species of property" en-
braces all those things which possess val
ue, which can be bought, sold, or be-
queathel. The term includes real estate
improved and unlmproyed- farms,
lots houses, barnes stores, shops. facto-
ries and mills, etc. 1t also includes per-
onal properay-as live stock, food, mer
Eandise, water craft implements oftrade
nd utensils, from a jacA-knife to steam
ngine.
2 Every species of property shall be
laced on the Federal tax duplicate ''ac-
ording toits real value, which means
Ill cash valuation, with no exemptions or
rawbacks.
3. Including government bonds and
other public securities" The 3other
,ublic securities embrace State, coun-
J, city and township bonds, as these are
,ublic- securities. 1t is thus proposed
hat Federal government shall tax the
redit of the State and municipal
governments. just the same as 1t will tex
he land of the farmer or dwelling Of the
mechanic.
f. The tax shall be equal on every
pecies of property. A school bond
s9rth 81 900 shall not be taxed a higher
ger cent or amount than farm worth
I,0sI IF the tax is two per cent on
he value of State, county. school or ma
ional bonls it shall also be two per cent
III the cost value of farms, shops, dwell
ny, stores, factories, mills, vessels, h rse
;nys, sheep, hogs. poultry, merchan-
1ize, implements, utensils and tools.
). The imported property shall be tax
ii the same rate as do nestle pro lu3-
ions 1.-two per cent Is levied on N n:
fractures. f;,rines anu farm products, 81
wo per cent will be the tariff on Import
ID seotls. fs#tf
United this democratic rrlle Of taxation
he farmer aud planters will pay a direct
.ax equal to three-ffths Of the whole
amount required for the support of the
National Government, whereas they n5w
oay, under the republican rIle't direct
taxes Whatever The property OF farm
ers, planters and mechanics Is now ex-
e,nlst from Federal, taxation. and Wit re-
main exempt if Grant and CofaX shall
be elected but if Seymour and 5}i;tif
are elected all of their property, whether
much or little of every description, will
will be heavily taxed. for the Democratic
party is solemly pledged to do it. Let
NJ man be taken unawareS, or after the
election when it is too late to remedy the
evil, say that he di;. not understand the
scope and purpose of the Democratic
scheme of equal taxation OF every species
Of property, according to It's real value
We have shown in previous articles that
all government bonds held in the United
States pay the same income tax as any
other property, and that one thousand
millions of bonds employed in banking, IN
surance, savings, and trust funds, are
taxed for State and municipal purposes
precisely aS other property: that more than
halt the remainder of the bonds are held
in Europe, beyond the reach Of TAXATION,
and that the remaining Of the bonds are
nearly all III New York and the New En-
gland States, where nobody Of either
partyiadvocateS taking them for locai pur
poses, for the reason that it would be IN
viola tior of the constitution Of the Unit
ed States. 1t is only in those States OF
sections where few or no United States
bonds are held that the Copperheads are
screeching and iowiing for local taxation
Tribune.