Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-02-17
UNION AND AMERICAN.
WEDNEsDAY, FEBRUARY ~, 1870.
COZ. C8LYkR AHB THE STATE
RENaeVEE
As a j5urnal strong enough in j

we make place this morning for a COM
munication from Col. a. s. Colyar on
our State finances. His assertion, that
the friends Of low taxes have uniform
ly'' rested their case on the inability of
the people, hardly accords with well
known facts. We have had some Gu
rious< schemes preached which would
1etually increase the present burdens
Of the people, their only merit being
that they seemed to repudiate all inter
est as usury. Quite lately, we have
bad g Proposition in the Legislature
from a member who advocated a TWEEN
ty-fve cents tax. that we should pay
SIG09.G0O year This rather vitiates
tie pes of5nability. There IS another
proposition pending. to pay half the
taxes IN bonds and coupons, which
could not be used again BY the State,
audience would require the rate Of
taxation to be doubled IN order to raise
any given amount Of revenue.
~ Soc Gel Oolyar's counter argu-
ment, that those who insist upon the
fuidllment Of State pledges renewed
only two years ago, decline to meet the
question of ability The fact is. the
Damocsatic platform of the 18th IF
August fully met shis question, urging
rigid ratrenchment Of current expenses
on the one hand, especially in theJudi-
airy department., and on the other,
pointing TO railroads and other corpo-
rations which have hitherto escaped
taxation. a third means indi-
Gated in-the-sa platform is the
equalization OF taxes throughout the
State. In other words, the State is
able to pay, if it economies its ex-
penses, egualzes taxes and compels all
shiEkers TO pay their share.
The constitutional provision quoted
argues altogether IN our favor. We
have Geiss6elyar's assurance that its
spirit IS 60 pay as We 60" This is
exactly what the UNION AND AMERI-
CAN adv6cates. As to the bill now
pending before the House, by which
the financial board Of State officers
are prevented from borrowing a cent,
It may render necessary special ses-
sions Of the Legislature which may
cost lore than the sum needed at
times by a State whose funds are so
low and whose collections are 50 Treg-
ular as ours have been heretofore. If
Col Colyar never borrowed . few hun
Grad dollars to make up d note when
due, rather than have 1t 90 to protest,
he has been more fortunate than most
business men. And this Is the extent
Of the borrowing power affected by the
bill, q power guarded by the require
ment Of the unanimous consent Of
the Governor, Secretary Of State,
Treasurer and Comptroller.
The next question We are asked is,
how are the people affected by the price
Of boudss What difference does it
make To the Ia3oI1ng man whether
they be quoted at = cents OF 90: TIE
90 81 = =
- g - -, - -, -
s,. - = - -. =,
5 - - - "a. -. -.
a. - --- .-,
~
NJ - 80 -. ~ - II. N -
o. ~ - -
- me- ,.'-
q mn -, wa. -
- 81 w. 80 - ~ - p
-.-r.-l.--.,, n .i--.-------5
- 80. $50.
- ~ - - -
~ = : :
--' o--- "a N15, '- IL - -,'' ,'.~
~
~'-
poorest ID 1as l-l---s-' l-ll.-a.--5 N'--
Co-y@r hlm7eli, Is aiLee-eo oy--Ae price
Oh tennessee bonds.
" 1-o 90 '-a,'.'..1' u
'.,- 1'7-' ~ -''.' an. va ''-'' anu
-'0.i- -'-7 Il. .......' -,-' SUM .IiHs
d siy -lI5 'Na' ny 'o5H' - Han vi
iic- au" poor ''--Ae' e. inc poor
gave 'l''u' where Tue i.CL Do's Ut 'HelT
way OUT % 'n' I1lAs. " ID is "o-' ~
aI5 means J~so Ia us "o'A'Nss, rs
GA say CIs 'a---s OaA5 oI 'ns sLI'oco
Ought - l'.'' '-'ias o-' G,'ooI anu oIeo'
i'y.' l ne I..-.---Ll.l15 'L war no more
Felie'e Aaoi-l.les lna9 s-e 'fea5ins OF
MS leg "oa-1 cancer ID young man
note for a newly purchased farm. He
may be released from the contract;
but. if he retains the farm, he owes the
debt. 50, as long as we retain the
State Capitol, the rail- Dads, and other