The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1874-02-03

pledged that these bonds should not be tax |
ed, and it was folly to talk otherwise. None
were issued to-day free Of taxation, while !
theirs are free until their day of rcdemp- |
ton comes.
Mr. Horace Barnes said all understood |
that money at interest, all that can be got |
hold of, is put in to be taxed. He was not |
IN favor of taxing mortgages held in the |
same with the property. \ yonng man |
starting in business who has five
thousand dollars to pay on his farm and !
worth about one thousand has an up hill !
road lie would not advise any one to ptlr-
chase without they could pay for onc-half
of their investment. He thought railroads
were paying great income TO somebody.
If they are paying property they should be
taxed.
Mr. Abiiah Ellis, of Ira. was called out
and said he haG heard some things stated
which were hardly correct. one remark to
the effect that landed property was taxed
only onc-half its value, he thought hardly
SO. 1t was only a dodge that muncvcd men
often took. Another point in regard to
state tax not being equal in different towns
which he thought should not be- The idea
of taxing United States bonds under the
circumstances was right the income should
/ be taxed. The great difficulty in taxing
| property was in getting Just pro-
/ portion, and there was no way to reach it,
Railroads make enough money if lhrv
would only cXpcnd it "a, iudiciously Hs far
mcrs lie was in lavorof restricting them
in regard to tariff rates.
President Sprague here called MI l.. !.
| GriswOld 10 the chair, and spoke briefly
upon the question. lie Thought that most
of the ideas advanced were correct: that
real estate, personal property AND money 10
10 ,s1,y q
cents ON dollar But it WAS not right to
elect board of listers every ycu who
should take the oath toHppA settle proper
ty for its tHic value and VIXEN they make
their returns they KNOW AMI We know that
they have tried To do no Slc, thing. Let
us make law. he said. which viii make
men truthful and honest. This system
coHt5 h"rl rQOn the man of wealth. while
tac poor ...n pays ON all he has; the mid
die class do not. The speaker said his tax
was twenty-five per cent less than what he
could sell it for; but was it right? lie did
not want to pay for the full value unless
his neighbor was obliged to We needed II
law to hit every case, and that laW should
increase the amount Of taxable property.
He believed that railroads should pay taxes
after they were ont OF debt, and he thought
they would. He then spoke Of the warn
ment bonds. and thc whisper Of caution
if his own was. be careful Of reputation.
lie had answered them. FEATHER, | have
confidence in this country. and in the good
scnSc OF this people, and believe the flag
will fly broadcast in the FUTURE as it has in
the past. and with the future am willing
to stand In ST. Louis be hld bought
property at auction when had been told to
beware If Missouri gOcs as she must gu,With
the south. His reply was that he had con
iidenCc in those who had confidence in the
government. The country had seen great
risk at that time and had to create national
banks to help them. They pledged them
selves that these bonds shuUld be free from
taxation until certain time. and under that
pledge the speaker had made a COn;rac'
with the government All these bonds
could be redeemed aud the money could be
raised. He did not think that school or
church property should not be taxed, nor
railroads that could not exist without rails
ing its rates.
Mr. Spraguc then referred to the notolic-
" which TIE club was gaining throughout
different portions Of this state and western
New York. where reports of its meetings
had been read in the columns Of the news
papers. Since the last meeting he had Wis
tied Burlington, st. Adams and Montpelier,
at each of which places the people were in
tcrcstcd to hear of the daiurs Of tie club
Even in the city of Buffalo he had met q
leading citizen there who. on ascertaiung
that the speaker WAS from Brandon. inQuir-
cd about the Farmers Cluh and in regard
10 the granger question. lac had remarked.
Ego slow He spoli" Of th,s 20 show The
club that the words of tie members were
being sent broadcast over ihc land. and
that they must pride themselves more and
more OH what they may say AMI do.
Prof. J. : Cilcy consi tered the present
system of taxation perfectly just. We
come into society for protection. All have
rights, but rs we come into association Wc
give mp our absolute rights independent, ut
others. ana combine with others for mutual
benefit and protection fhcppWeist that be
were ordained Of God, and hence the gov
eminent should lie supported, and poll
tax at least is laid upon US all. the primer
pie Of which is right. No doubt there
were some, however, who shoul be exempt.
School houses had been mentioned. Now,
these were built by a direct tax upon pcO-
pie. and if y0u tax the school house YOU
lay tax upon tax. II should remain I'M
burdcncd, rs it was in the interests of in
telligcnce. virtue and morality So with
all public buildings Letrailroads be taxed
if they are n source of revenue to those
who invest in them, and public manuiac-
tories the same. The resources Of our
state were not rs yet developed, and proba-
bly, never would be. Capitalists might
come in and double the business Of our
state, our streams might become asource of
profit, and he trusted that a policy of Civ
ing and to such interests might prevail
more and more
Mr.. II. G. Copeland being called out, said
that i'm relation io 'uitpd Stotps Ionls his