Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1878-07-11

But we will no, stop here; we will fol
low these greenbacks and national bank
notes into the hands Of the people and as
certain which Is the best money for the la
boring men. So far as the actual value Is
concerned there can be no difference In
them, for the national bank notes being re-
deemable In greenbacss must necessarily
make them OF the same value; but there
IL poin, of difference between them ahich
Is not generally understood by the people,
which makes the bank-no a superior cur
! rency tor the laboriug men over the green
backs. and that is this the Supreme Court
| OF the United States has decided that the
greenbacks are not taxable by the States.
.he Supreme Court OF my own State ln-
diana) has decided that ~ that State green
backs are not taxable. but that national
bank-notes are; and have no doub, but
what that decision Is substantially follow
ed in all OF the States.
By reason Of the greenbacks not being
taxable II makes the burdens OF taxation
that much heavier upon the people who
own property thar Is taxable. IL is the
rich men of the country, and not the la
boring men. that own most Of these green
backs. hence these rich Men pay no taxes
on their money, which compels the men
who own farms and homes in towns aud
cities to pay not only their own taxes, but
to pay in addition the amount which the
men owning these greenbacks ought to
have paid on them, for they are property,
but being Government securities are not
taxable bv the States. For the last four
| teen years there have been upon an aver
age ut least three hundred and fifty mil,
lions Of greenbacks IN circulation 10 this
| country which have paid no taxes, which,
! had iht.k heel n y AhIQ a fhs. FQp nlar al
OF taxation. the same as other property,
wonld have paid S93, loo, 900 90
! But not being taxable the
taxpayers of the country
have had to pay in addi-
ton TO their own taxes
that amount; hence to that
extent they have been
burden upon the tax-pay-
ers, and that amount
should be charged up as
| part Of their cost to the
people, which. when al
! ded to the cost Of printing
greenbacks, Is as shown
| above, IA 323 1873 IA
Makes their whole cost to
| the people since their Is
sue slOT, ,425, ,s7s 273
| While the national banks
| have not cost the Gov
ernment one cent, as the
banks have paid all their
expenses, and in addi-
ton have paid in taxes
to the people, As shown
above. IN the eleven
years. from 1896 to 1876,
both inclusive, QS77 not
yet ascertained) ls3.4O9,7S7 s6
Which shows that the na-
tiOnal banks for eleven
years have been worth
to the people $3.50 ,s35, 100 93A
more than the greenbacks for all the time
since their issue.
The labOring people throughout the
country are now, and have been for long
time, groaning under the burden Of State,
county. township. road. school, and cor
pOratiOn taxes. One Of the causes Of this
burden Is on account Of taxation not being
equal as between the rich and the poor
man, and our greenbscks. when the fact.
are properly understood. as the real cause
of this unequal taxation. Let me illustrate
II. Here Is farmer who has q little farm
worth, say fifteen hundred or two thous.
aud dollars. Upon it he has horses. cat
tie. hogs, sheep. plows. Wagons. ETC.. in
ell worth = thousand dollars more. lie
has but few dollars in money, a. 1t takei
about all the money he can make to prop