The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-04-23
Speech of Hon. y. T. Harris.

y On the .2nd, inst, Hon. j. T. Harris deliver
ton, in which he resorted to figures to show
the sfnequlity Of the distribution Of the cur
renky, and made a happy reference to the In
teHlal Revenu. tax paid by Virginia, as COM
pared with her sec ions The Petersburg III
der a9lu4es to thu speech as follows: ~
J idgs Hurts was espeeia ly haFpy and pow
erf in q sWs ins ii e stale ar;:,in Mt IT it may
he 0 siylt d. OF the r Sumption SITS, that the
value Of the currency would be depleciated by
any in rease Of its pre- en- bulk. Tee speaker
showed from the olfcial reports that the people,
of the New England States had banking cap
ital and currency circulation in excess of what
the law would; app r5ion them; AMI yet find
their pos session to be WHOLLY consistent with
tEe.most steady pro 8 ess and prosperity. To
show how the South, and especially Virginia,
had been injured by the unequal distribution
of the currency OF the government and that
heavier ,burthens had teen imposed on their
shoulders than has been placed on the citizens
of the Eastern Sta es Judge Harris cited the
following official 1iglres W. lich We commend to
the attention OF our readers. The table exhib-
its the comparative amounts OF theinternaI rev.
enue tax thatjar paid by the New England
States and by Virginia, viz: as5l18|
b Name $50 S 214,6 96 rs
New Hampshire, 1926, 455 36
Vermont 49, 1880 40
I Massachusetts, 3.761, O04 95
Rhode Island, l 1924, $50 IL
Connecticut, 873,SS4 90
Total, a4'a raaaffA $5,575, 554 so
Virginia, gar q 8 aF 1888, 1893 20
stgfe Gliit g st5.a{l ~ tt'<Sisf '--------
Difference, $l,77s,244 SO
So'that it appears the internal revenue tax
paid by the impoverished and distressed citi-
zens Of Virginia, alone is nearly too millions
of eloJl0rs IN excess every year. OF the tax paid
81 all the citizens of all the New England
States y ona ass
But a very different exhibit is made when
we have OCCASION to compare the amount OF
banking circulation OF the two communities
The following is the second and very widely
different showing: ION
New England, Id s1lo, 4s9, 9c6 90
Virginia, q 3,9O2,342 90
go !.
Difference, ya@ nv $1O6, 5s7 1924 90
Showing that while Virginia bears greater
burthen Of the government than all six of the
Eastern States, the banking circulation OF
which they enjoy the benefit exceeds that cur
rent in Virginia by oser one hundred millions.
There is yet third statement to be drawn
from the official reports the comparison, that
Ol GIlc IN ID
under the legal appo tionment.f These figures
are: .sF4si
New England, ! 9qst oaf $50, 79e.920 90
Virginia, S,O3l, 242 90
From which it wilibe seen that New Eng
land has seventy million dollars more than the
apportionment allows her, while Virginia has
| four millions less than the apportionments by
law allowed her people. s,.F SD ss..l.
----> ------------, ~
STAMP TAx.-The stamp tax bill which has
been passed by the Senate and is now pending
before House finance committee has the follow
ing among the subjects taxed: Agreements,
contracts, bills of exchange, letters of credit,
checks promissory notes, receipts, bills of sale,
bonds Of various kinds, certificates of stock,
profits &C., charter party contracts for charter
| of ships vessels, contract brokers' notes,
memorandum, of sales of goods Or merchandise,
| stock, &C., policies of insurance, marine, in
land and fire; leases, agreements, memoran-
da, or contracts for hire, or use, or rent Of any
land, tenement, or portion thereof; powers Of
attorney for salesgcollections, &c.; protest OF
notes, bills acceptances, sc. warehouse ' re-
ceipts, &c. E .,s, ,,.ysf ;d Al
| John L. Anderson, son Of the Mayor Of Leb-
anon, Tennessee, and j. r. Breckenridge, a
student at a law, school at that place, and son
! of the late DR.. Breckenridge, became involved
| in a dispute over an umbrella. After the diff.
erence had been adjusted, and they had step.
ped tlp to a bar to take a drink together, young
Anderson clapped a Derringer to Breeldnridge'E
| head and put bullet through 1liSSbrain. An.