Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-08-29
Senator Sherman and Judge
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lSC.ator SHERMAN ana Judge
u Thurman's Shirt illustration.
II Senator SHERMAN is trying to make it
appear that Judge THURMAN does not deal
fairly with the subject of taxation, and
Iclaims that the Judge, in holding the fact
up before the eyes of his audiences, that
} now under the benign dispensation of
! Radical rule so excessive is taxation-so
ramitying and clutching hold of everything
/, that by the time a shirt Is made ready
for man to put it on, it costs twice as
much as it did before the Republican party
came into power. trfsg
Senator SHERMAN says the direct tax of
three cents per pound on raw cotton has
been taken off; that the tax ON all manu-
featured articles of cotton has been repeal
ed j; that the only tax that remains is tax
of two dollars on every thousand dollars
sold; that the only tax the buyer of four
dollars worth of shirting pays is four
fifths of one cent.
The tax, only four fifths of a cent on
shirting that in 1860 would have cost only
two dollars, and yet costing four dollars to-
day. -ysta, 1,-,.z. Ia -n.fr. ,Ioa. r6ssfi
How is this, Senator SHERMAN? You
say that the great increase In Gold through
out the world has increased prices. Gold,
however, was more plentiful in this coun-
try in 1860 than it is now. Why did not
shirting run up then? You say that it is
estimated by writers, that the increase of
the worlds stock of Gold and Silver is
equal to 11 to 2 per cent. year. Put it
at 2 per cent. Say that it is eight years
since the Republican party came into pow
er. That, then, would make an increase of
l6 per cent; but shirting is now one hum
publican party came into power. Eighty
four per cent. of the increase remains un.
accounted for, according to your figuring,
Senator SHERMAN. s-.-,,-
We presume, Senator SHERMAN, you
know something about cotton. The coun-
try credits you with great familiarity with
whisky, 80 far as to make handsome thing
out of it somehow. On the 24th of July,
1860, i'm the New York market, cotton,
middling upland, sold at 10% cents per
pound. On the 26th of August, 1867, mid
ding upland cotton sold in the same mar
ket at 271a@2S cents per pound, and on the
26th of August, 1S6S-this year--in the
same market, cotton, middling upland, sold
at 301a cents per pound. 1t is firm at this
quo tation now. So, it will be seen, that,
notwithstanding the direct tax OF three
cents pound has been taken off OF raw
cotton, it is two or three cents higher in
price than it was year ago. If this tax
were yet on it, it would be from five to six
cents higher than it is .i-.1 sjill s'sfsggaa
The alleged great quantity of Gold
and Silver in the world does not, nor does
our paper currency, cause this increased
price in cotton.
the Reconstruction, policy of Congress, in
part. In the effort of the Republican poll
ticians to make out of the Negroes in the
South the political power, the cultivation
ofcotton has been greatly neglected; or, in
other words, it has not been resumed to the
extent it should have been. For this rea-
son, in part, the raw material is high, but
by reason of Federal taxation tapping
up SO much from almost everything, it is
impossible to produce cotton as cheaply
as if this taxation did not exist. 1t does
not matter whether taxation is direct or in
direct, so long as it runs the price of arti-
eles up. If the three cent tax pound on
raw cotton has been taken of, it is clear
that 1t is increased by other forms of taxa
ton and by policy that interferes with
production. - -.z--..
1t may be said that the great price OF cot
ton now arises from inadequate supply; but
tn ere should not be inadequate supply
We have had over three years of peace, and |
within this time cultivatian and production |
would have given us supply sufficient to |
run the prices down to old-time prices, If |
there was no taxation to effect 1t directly |
or Indirectly. Undoubtedly, if Congress
had treated the White men of the South as
White men in whom there is some sense of
honor, and had not undertaken the attempt
to subordinate them to their late slaves, the
cultivation and production of cotton, as
we'll as other products peculiar to the
South, would have been on a scale to great
y reduce it's price and furnish a large
amount for expectation, and thus render it
to export gold in the present
quantities to balance our
trade accounts abroad.
Cotton enters more lar gely into the wear
Of our people than any other article es-
pecially is this the case in the wear of the
poor, of laborers and of mechanics, not only
in the matter of shirts, but for all manner
OF wear for men, women and children and
through indirect taxation and the vindic-
tive and foolish policy of the Republican
party in Congress, this article, in its crude
is made from two to three
lines higher than it would be if the taxes
were reduced generally, and the South
given over to the rule of white men.
Senator SHERMAN, you had better betake
yourself to the study of political economy
before again you make speech embracing
The assertion that cotton is almost as free of
taxation as the air man breathes. 80,
And this policy, which makes cotton
three times as high as it should be, Senator
SHERMAN and Judge WINANs, in common
with the Republican leaders, say must be
even at the point of the bayo-
net. -.
Negroes Drilling and Preparing
~ for a Conflict.
But few of our people seem to be aware
of the extent of the preparations made, and
the amount of drilling nightly going on1
by the negro population, for conflict with