The weekly herald. [volume] (Cleveland, Tenn.) 1876-1888, 1876-07-28
The Reduction Of Taxation I'm
the State of New York,

very industriQusly circulating the
story, that he reduced the amount
of ~tayation in New York State
r0s4 $16,000,000 to $3,000,000 per
year; and he has allowed this tale
TO go the rounds without a word
Of protest from his lips or pen,
thus, at least facility, giving his
consent to such support. Now the
other side Of the reduction" is
shown up by the Albany Ecening
Journal, from which we take the
following figures as quoted by the
Inter Ocean.
".The Democrats carried the election of
1867, and assumed full control Of the fnan-
rial administration on the Isl of Jan. 1868.
and retained it until the LIST of Jan. 1872.
At the beginning ofthat period of four wears
the bounty debt was $2l,S07, SOCIAL our
figures are takenfrOm official repOrtS-at the
close it was $20,2G0, 1891"
Thus the reduction during the
four years of Democratic rule was
$5,546,744.0S. In 1871 Tammany
was overthrow and the Republi-
cans took control Of the State
government, and kept it for foug
years beginning with the LIST OF
Jan 1872. The Joufaal says:
at the beginning of that period" (the
four years of Republican rule,)" the debt
was as the Democrats had eft it, $50, ?G0,-
155,9l-at the close the means had been
provided to pay the entire amonnt except
sos, 93a.3j. The rcd action Was therefor,
as follows:
o. RErUBLtcAY,R REDUCTION or DEBT.
Debt Jan. ], 1872 $20.2GQ, 1851.
Debt ~unproyidcd for JAN.
], lSiG, al T05o S2. IS.
'. -
Reduction, .' &I9,5j4,133 .56.
Thus while tEa I.nmcerOtie adulnistra-
ton in four years reduced the delft about
five millions and n halt, Republican admin
i~stration in the same length of time, under
the same laws and with the same require
mcnts, reduced it nineteen millions and u
hat, or nearly four times as much"
Now the point is that this large
reduction in the debt of New York
lessened taxation, and not any
peculiar work or financcerine
that Mr.. Tilden performed. In
decd, while he and his Tammany
friends we're managing the State
during the four years above men
toned, they reduced the debt,
which is the cause of taxation
everywhere, only q little more
fl)an one fourth as much as did
the Republicans in the same
length of time. Now the rate OF
taxation for 1876 was 6 mills, for
1875 it is 31l-24 mills, and the re-
duction is solely due to the fact
that the Republicans had practi-
cally extinguished the debt; tax
in 1875 being S., 7OG,6SO.66 and in
1876 is only $796,934.0o, and be-
sides the reduction in the debt.
the tax Of 1875, owing to over cs-
Inmates, left q surplus OF $i,190,-
S33,3Twhich was all applied to les
sen taxation in 1876.
"REDrcTioN OF Tax PROM REDUCTION oy
DEur.
Debt tax, 1875 ...' '. $5,T0G, $50 G6.
Surplus from 1875 1,19o,S33 81.
Total .4 aua ira s6,lO0,5SO.O3."
The whole State tax, for 1875
was $14,2o6, eSo8l; for 1916 it is
$S,1SS,513.0O showing the reduc-
ton which Tilden's friends place
at IS, 0 900, torealiy be only &c.
01S,107.G1. Now look to the last
table Of Figures above and see how
closely the total production of tax
from the reduction of debt" cor
responds with the $6,01S, 107.G1
which is the reduction Of the
whole State tax. We quote the
Journals conclusion:
"Hcrc, thcn. is u reduction of tax from
1875 TO 1916 of So, 1901 SO. 0j-a reduction
,mo wholly and exclusively to the reduction
of debt making less tax necessary, and not
due ut all to reduction Of expenditure, that
n, to any economies or stvihgs. But the en-
fire reduction Of tax lrons hSi5 to 1916 ia"
ms nbovc.) "S6,0 {, 101 Clan amount al
liost identical with that which comes from
the reduction Of debt. II is thus. absolutely
demonstrated that the entire reduction oft0x-
alton this year Games, mol from Nly dccraas-
ed expenditures, but solely and exclusively
from the fact that tho debt has b5cn paid OF
aud no longer requires the large tax for that
purpose"
Thus is another Democratic
humhug shown up in its true
light. Another Of the props that
held Mr.. Tilden up long enough
for him to secure the st, Louis
domination is knocked from under
him. The more we know Of him