The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1874-07-29
WAYNE COUNTY, INDIANA, JULY 80,

Der. Consequently we must add the
second installment of this interest,
$4,000, the two amounting to $223.-
740. This will give us. as the sum ac-
tually demanded for current and un-
avoidable expenses every year, who-
ever may be in power, $902, 900. Mr..
Auditor Shoemaker, Democrat, esti-
mated them at about 81 600. 900, and
this result shows that he did not
largely over estimate hardly at all, in
fact, when We remember that every
year there are repairs an additions to
make to public institutions, calling
for extra expenses. The annual out
lay, then, to be met by the Democratic
five cents State tax and the poll tax,
is $902, 900. Let some Democrat i'm
peach these figures if he can. Well,
now, how much will this Democratic
levy give the Treasury? The present
total of taxable property in the State
is 1850, ,000, 900, upon which five cents
will yield $475,O 900. There are 267 900
polls in the State, which will pay at
Fifty cents, $153.50 The delinquen-
cies in both in one year are about
eqpalized by the payment of fdelinquen-
cies of preceding year, so that the
revenue will stand at about the figures
given. The total of State and poll
taxes will be $6O9,500 This is the
utmost Of the Democratic tax, declar-
ed by the platform to be the largest
that should ever be levied, will yield
upon the new assessment. AS is seen
at glance it won't pay necessary. eur
rent, unavoidable expenses by S294,-
000 We ask sensible Democrats to
look at this and see what ineffable
scamps the men were who wrote that
platform, declaring for tax which
won't pay expenses by nearly $500, 900
year The consequences would be
that $780, 900 would have to be bor-
rowed every year, at cost of $24 900,
and that would be what the people
would have to pay for the adoption of
the Democratic policy. This deficit
would occur with the five cents tax
upon the present assessment. But
the platform and the party denounce
the present assessment and want the
oil one. That gave total of $780,
0O0,000 of taxables. Upon that the
platform tax would give us a revenue
of 1896, 900 from the State and $133,
900 from the poll or S463,00O. Il
was $43S, 900 last year, but the increase
Of polls has increased the total j:
little. The change to fifteen cents die
not operate till last spring. Now this
revenue, which is exactly what tn,
Democratic platform demands, viii
not pay expenses by S439, 600, or yer.
nearly the whole amount of the reve
nue.! In other words, it won't pa.
more than half of the necessary Stat
expenses, and S439,00O must be Dor
rowed every year, at cost III interes
of $50, 600 year. Rather too mucl
to pay just to try the experiment of
Democratic tax again. after havin
tried it two years and found that W
had to borrow 500 600 in that tim
to make good its deficit One sucl
, experiment is enough. Thus. whethe
!. we take the old or the new system 0
: appraising property for taxation, tn
Democratic platform policy woul
, leave us in debt every year, in the on
case, S439 900 year, in the Othe
, nearly $500. 600 a year. Let us stat
!. the case in tabular form, and leave
for soee Democrat to ponder over:
Necessary state expenses S9O2 q
Democratic revenue, new assessment 6US,U
Deficit .s2a4, o
: Necessary State expenses. 92
Y Democratic revenue, old assessment 1850
Deficit. ACKNOWLEDGEMENTS. S439,0
p One will cost in interest, or none
i wasted. $4,000 year, the other wi
: cost $50, 900 year, the peoples pa.
ment to test the wisdom of Democr;
tic policy. We want some Democra
4 any Democrat, or anybody else,
r tackle" these fgures-Indianapol