Wilmington daily gazette., 1873-12-09

STATE AND MUNICIPAL TAXATION
The Census Report for 1850 shows that ''lhs to-
I'll taxation not national" in the several states
aud Municipalities in 1860 was sol lS6, ,z46, which
Is just 50 per hea or SIS per family. Ii we take
that census 0s an average, which II likely is and
at all events IS on the cafe side for correct com
parlson OF taxation for the periods Indicated and
add the $3.50 10 the Si6 we will have S2375, saw
"a as the average annual cost of government to
each family of five from 1871 10 1860.
THE AssEsSABLE WEALTH OF THE NATION.
According TO the CENSUS of 1889 the whole as
scssable wealth of the country was then $685.
9Ii247; say S6e0.0O0.6OO, which divided to the
7S5,S43 families of tive EACH at that date, gives
an average OF $40 10 each family.
According ia tho census of 1850 which date Is
takeh as pror 10 the Borrowing speculation and
imitation OF 1884 10 1857 and 1861 and sixty years
from that first eens-s it will be seen that the
1885, 92aS, which divided TO the 402lO5 fam
lilies at that period, viii give to each 81, $50 or
Just double what it was In 1889.
IL you divide that increase or S775 by sixty, the
number OF years that int gs1ed, it will give not
quite Sl3 the average ial increase in wealth
10 each family, aud il you deduct the receipts by
emgrants II will not be over IL per family which
Is just half the amount of the average annual gov
eTnmsnt expenditures from 1889 to 1860.
~ ahov0 seen the nsse2sable wealth of the
country in 1850 ives In 70, nd numbers S62O OO0,- :
0O, and that amount put out at live per cent. in
thest aud continued cUmpounding would, in dfty
years, amount > S7,lS7, 100000 or S5l,3l9 ,772
more than the assessed wealth OF the nation
after sixty years OF pr perity, and S67l ,2l9,772
M ore than sll the Inc g of wealth as seen by
adding the sG20, ,OO0, 200 to the S5I.2l9772
And Il this amC ant atl 10 should be continued
eonpounding at per ant. q 1900 il would be
St9,e $4,000 900, whereas the whole real and per
aonal wslth Ia 1890 Is given in the census report
as 81, ,06i. $50 COS Aud il must be remembered
that the ssments in 1860 were pFoportionAtsly
lrger than IN 1850 in consequence OF the imitation
OF prices whi1h took place within that ten years
Moreover there was an increase in the census Of
1850 over that OF 1850 Of 63573018 acres OF un-
improved lands which u only assessed at an av
erage OF 50 per acre amounts to S5iT $4,000,
which should be deducted from the aggregate in-
crease n tho natlonal wealth for ten yeaTs, Tor II
is manifest q Il Il should not be counted an in-
crease OF nat anal wealth, for Il so II s clear that
all the unsold tanda OF the c1untry shonld be ad-
del 70 the assessed wealth Of the nation.
And u the principle were true then should be
aided all the 6sh In ita waters, and all the gold,
silver, ebal, Ecs, So, WIthla its plains and hills
and mountains.
There was "a, ,1O1 .0ls acres OF unlmproved
lands assessed in 1860, and only 1G3. 10, rae OF
Improved. That unimpr0ved land at 81 per
ARE IS el22 200, 900, OF which say at least Sl,-
600 million should be deducted from the asses
sed value Of 1860, to show the actual increase
from 1I89. And thnt We also find that the
true asseS14ole wealth IN 1850 was 81, ,Os4 6G0,
005, which Is 81 4t0 900 less than the 500 900,
900 Of iIS9, at i've per cent, interest compoun-
.aipg loE e years, And that 9 in mt rI
thers when they landed In Massachusetts, were
worth, oil told, &c. 600, that amount put out