Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-10-29

HANHA
The APPEAL hes asserted that its
opposition 10 a high rate OF. taxation
met With the approval of a majority
o. rhs people of the State, weighed
dtWIas they are with a tax burden
that is oppressive to the last degree.
We propose to prove this, and to that
end shah, as fast as they reach Us,
copy articles upon the subject from
what the Banner calls the 'rursl
press" which more nearly speaks the
sentiments OF the people than the
dailles OF our cities. And, first to
hand. We give the following from the
Brownsville States:
Governor John G. Brown has fsllen
into q very grave error in his inaugural
message TO The legislature. The people OF
this Stste viii not and csn not stand an
increase oftsxstIon. He favored in his
message a tax ofhfty cents on the hum
drsd dollars. which the people OF this
State viii not and cannot pay. 1t Is great
CT thsn the tax under Rrownlow's sd-
miBistration, which was forty cents on
tbs hundred; and the people are not a lit
tie surprised to find 8 Governor elected
by Democrats advocating taxation more
irksoms and harder to bsar than
that OF the Radical governor,
Bot the fact that this increased
amount Of taxation is for the
purpose Of paying interest On the bonds
Issued under BrownlOW's rule, will render
the recommendation c. Governor Brown
all the more SistRsteful to the people Of
the State. They are chsgrined and dissp-
pointed At the course be has seen TT TO
pursue. Il wa not altogether expected.
or course the legislature wiz not &C: upon
his communication, for they are fresh
from the Pvopls snd know their condition
and wishes, and are well aware thst they
ueed decreased rather than increased
taxes. We do not favor Reputation, bat
We favor the policy Of making the greedy
and corrupt cormoTsnts, who, when they
bought the bonds Of the State from the
irresponsible parties who sold them, were
fully aware Of the fact, and gave a proper
t.0nste price, wait a little while before
they get their money.
We give Governor Brown credit for
honesty and patriotism; but he has, In
the first step Of his &C ministrstion, fallen
into s very grave and unpopular error,
end has evidently been overresched by
somebody.
Next we have this from the Ripley
NetUs, under the heading:
Taxation Again" This subject will
occupy q larger share Of the attention of
The legislature than any question that
viii come before It; and there is nothing
hat will cause more perplexity TO the
nelabers in their endssVors to DC Justice
the Taxpayers and the bondhold-
srs. Tho greater portion Of our State
debt has been created by 3 set OF men
who Usurped power and issued bonds, os-
for the purpose Of promoting 4,
The general welfare, but really, to keep
those e Reconstructed Legislators and pub.
lie ~Plundersrs In power and the p~urchss- !
srs OF these bonds took them In fall view !
Of these facts, and st En enormous dis
oounI, SWINGING 70 the world their doubts
ss TO their being Of binding force upon
he thousands OF people In the State who
bad 10 voice in their issuance. We are
favor Of paying principal and Interest
IF sEary bond that has been created for {
he advancement of the Interest Of our
tate and people. But where bonds have {
~frsudulently Issued, and put upon /
market, Il Is q good legal max :
n 70 practice eaUeat erptOr, let [,
hs purchasers beware. Those who /,
vsrs 90 eager to invest in bonds, !
under circumstances OF so suppl Z
ious 3 character, snd at only forty to
fly cents in the dollar, can afford TO walt I
ntil the people somewhat recover from E
be rayEges Of the late war. We are now Z
sying q tax that is almost heavy enough 4,
crpsh Us, and can we bear any more2 '
Re tk,nk NOT. We are heavily burdebed =
-itn the TAX to meet the current expenses
Z the State government. How then are
70 10 avoid higher without ulti- '
lstely repudisting part Of the public G
With wise ard prudent leg'slstlOn a
he country Will rapidly recover and grow h
and 80 increase In wealth /,
> 4 the per oentum OF taxation will be !.
really reduced. Il mEy be unwiss and
doubtful justice for Is to fssten q pub '
C debt upon posterity, but Il hsppens .
omstimessn the history Of people that .
must be done, or submit to almost &
be conhscstion OF the whole property Of q
be country. The comptroller makes the a
al debt Of the State about $4,slg, 900. n
ne total debt Of the State proper and
according TO his report is
1ont go, 81, 900. The debt having been o
70 that amount by the sale OF the II
Interest in the roads whose bonds !,
le had Endorsed, together with the bonds !,
D which the various companies have paid "
.terest. The Indebtedness will be still U
lrther diminished by the sale Of other II
p
But Will the people submit to increased b.
xstionf We will inquire into this ques- NJ
on In our nazt b,