Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1870-03-08

government. This estimate CT course does "o'
include legislative expenses, which icr Ii" pre-
;pnt and for the next fiscal year will ncce s>ari-
/, Re nuir heavy. But suppose tic ordinary
iypecs,s OF the administration CT the state
government are as above estimated, eIoO'oov'
and add to this the annual interest 90 the poo
&c debt, viz: 50, 100000, and 1t "ii 9e 1"e'o
hat s., SIC, 900 is the SUN necessary 10 D. i"
punlIy raised to pay the current expenses VI
the government, aud meet INC a!hA' ''''
rron the pub!ic debt ard tins VIII c1mr"' u
T., ,.isc 81 ,557 COL g. more than WA tald into
The treasury in the last f.ca' year: Gan ms
snm be raised, aud if so. when anu no" 'i'
L,i,rc stated the recei pts Tor the last H7Ca'
wear amounted to 81, 49, gS 81, and were e.
rived from many different sources soLlc i!otn
dcb,s and interest due the State upon loans
and other claims, some from taxes upon ica'
and pcrsonal property, oysters, Incomes, ic1A
ses, and some from sources from when revenue
cannot be collected in the future 10 the saiii3
manner az in the past. The CONSTITUTION, Is
tabIishes in many respects, d inherent ani' !"
nv Judgment, preferable system u 'hsalioH
n that which has heretofore obtained IN thi7
State, viz the I'D val0reaI system. i1erea',c'
Tho ritizan j. 10 be taxed upon the va!u" Of El7
estate m matter G. what it may consist,
whether of lands, goods, money, or s!OcsS ana
honds, and without regard 10 whether ~ Gc
riyes an income from it or not. ne may a,7o
ne taxed upon his income above 5000. ana 4
tax m9y be levied upOa ''thc following IlcchscS,
viz. the sale of ardent spiritS, theatrical iad
circus companies mcnagerlcs, ;ugglers !line
rant pcidcrs, and all other shows and cEhip!'
tions for which 10 entrance fee IS requlree'
commission merchants persons selling by sln
pie, brokers and pawnbroker$: and all oIhsi
business which c,nnot be reached by inc aI
rulorem system. The valuation ol real anu
personal property upon which taxes were IL
We'd and collected the last fiscal year was mae
in 1861. and amounted to real, S292, I2o,i14
II. norsonnl, Sll3,2lO,573; total, $405, 930, 81
a. But this did not include stocks, h0ndS,
capitat Invested ia manufacturing and m1l:lr
ard other business nor The stocks OF goota Of
merchants, or the capital invested ia lhcH
business; nor was real estate assessed at IL
market or real value. In 1860, as appears hy
Ihc eighth census OF the Unite! States, the
real (not assesseu) valuation 81 real estate IN
This State was $685. 4S3 SO. ard Il ptrsonaI,
exclusive ut slaves, $3.50, $50, 10 W lille III
soruc localities real estate may not be as ElgH
~ IN 1860, in others II Is higher, ana Gppte
hcol that j correct assessment "'ii Gcthon"'la''
hat lie Ota! U! real estate III inc Otale - 10"
ur,:,abiy nearly Cuuli To that or lobo, anH 'i!a'
The total valuation ot personal properly va
cuiins stocks. E0nds, clpiiai STOCK, Nc.' "hlch
have no, been heretofore directly taxed on Their
v.,ul-iOn will &c about thrce-to!d more than
| IN lS66-G7 II this estimate be correct, the
surn total OF the real and personal properly al
| the present time is 1928, $50, upon when
| va may p:eG;cata our calculations or the rate OF
taxation necessary r. lie imposed 10 rcaIiZe
sufficient amount 10 meet our aDnual liabilities
| The rate OF taXalioa On real estate established
bv the General Assembly IN leOo-bI, and
which has been continued eve: since, was 1Grty
cents on The one hundred dollars 81 value. !Ae
same rate Of taxation (w!lcE, Under the cor
stiution, must be equal and uniform toth upon
| personal aml real PROPERTY upon tho basis
| above mentioned. would produce the slim OF
8, 500, 4G2 80. AID to this the lntarest upon
the Interest paying securities held by the Stale,
say 81 1913 -, uAu the tax upon oysters, II
ccnsts and incomes, say 100000, AMI the
amount Will BE- 81, 364 255 -, or more than
the sun total Of our annual liabilities. And
this l., exclusive ul any tag upon railway eEi
other Improvement and transportation compe-
MES. Some mode Of taxation should be de
viscd by which non resident IL we'll as resi-,
dent holders o! our bOads and stocks should
contribute their quota towards Gefraylng our
annual expenses From the foregoing state
mant+, estimates AID deductions, II VIII DC
seen that, with i suitable ulI correct assess
meat III tuc ICHl .EO DSis'Ho' p'OpSt's AZ ei'N
commonwealth tllat Is, an asSessiIeut at H.
real va.ua, and with system OF taxation thor
ouph aud comprehensive, bat lot heavy or e.,
ct.sivc-we shall be able, at day net lar dis
tact 10 resume the regular payment at The
interest upon our tate indebtedness. and
the next question 10 be considered Is the tine
when we can resume The regular payment 81
interest upou this debt with 4 reasonably c2r
laln prospect OF its continuance. In my ludH
meut, it is lar better 10 postpone the colu
mencemcnt Of the payment or any interest to q
time when wc arc satisfied that we shall not
only b. able to commence, out continue 10 PAY
it regularly and promptly AZ 1t natures there
after, than to pay part regularly, Or the
whole irr1guary. What we all desire Is the
speedy restoration ut the State credit, and thu
can only be accomplished by the prompt pay
rnent of the interest upon our debt when due.
Partial payment will not effect this, and, when
We shall have once resumed payment, any
irregularities or uncertainties will most scrOu-'
~ damage, il not destroy, our credit. II APP
pears TO me that We Dug LIT to resume the pay
lnent OF interest on the first Of July, 1871, OF
that day paying the accrued interest FOR the
previous Fix motifs.
The amount in the treasury on the first day
OF October. 1869, VIZ: SlQ1 ,09D II. together
with The receipts OF the present fiscal gear
(cstlmatcG 1T the same amount as last year,
viz l,7j2, 39o g., will give Us the .unl Of ST.
s59, 4SS 81, with which 20 meet the current
expenses OF the government, Legislative and
otherwise, and surplus Of nearly $ ,OUh,VDO
to be applied TO the payment Of the SEMI
annual Interest maturing July lst. ISL The
new assessment Of properly, which you WI
provide for at your present session, when com
pJct.d will give you the corrcct basis upon
which You will be able to ascertain the rate 81
taxation necessary to be imposed TO meet tie
the maturing interest thereafter As the pea.
pie prosper and increase in numbers, aHd
wealth, The rate Ut taxation will GJustaatly de
crease; and in q lew years, with the reduction
which hope to sec made III the volume OF the
public debt taxation 10 our State vii! 10: be
serious burthcn to the people. It appears to
me wise t. provide by law that every dollar
realized from the rrlncipa OF the loans to, and
-