, 1879-03-14

To NE Editor al The Trttunt.
CHICAGO, March 13.-1t appeared IN you,
paper OF Tuesday that the now Canada toau "a
about to be put on the market IN New York, In.
stead Of London as heretofore. Tho statetncne,
II true, indicates Tint tlero Is nn accumulation
of sarplua capital In this country TINT cannot
find profitable Investment At home. II an I'LL.
nolsau should invest In Que OF these bonds, and
be 50 tndiscrrct rs to let the Assessor know OF
1t, llo would be taxed upon It by the State of
Illtnuis. Yet tho State Of Illinois could render
him no aid In collecting tho principal Or inter-
cat Ut the Canadian Government It could IN
no way protect him In bis property rights In tho
case. Now, BY what moral right can tho Justice
Of leyylng such a tax bo sustaiucdl Docs 1t not
tender to drive capitalists away from us, tho
fruits Of whose Investments would otherwise bo
spent among us, giving employment to others as
artisans, who, II the capitalist goes, Will also
have to 70 with hitnf One Of our State
luminarics In cur present Legislature ID
reported 10 have said that ho would
enter the house Of such tnnn, anu distrnln
upon his cotfIing, his furniture, his provisions
Tor nts ifatniiy s,a. 4 that ,gaa not sncIont
IL every respect act toward thu Unfortunate
devil like the Sultan Of Turkcy, Tie Khc]tye
Of Egypt. or nay other barbarian ruler. How
long n1e stich lusbasiaus to enact our lawAl
lion. afnl Our t1crsonal property IL delnlndcd of
lis although Situated bcr0ud the protection OF
this taxn5 power. Is this tile WY to build ut1
great atul wealthy State, where the prudent
au industrious may colne to enjoy the 1r,llts Of
their own industry, and whcru the unemployed
may comr anti lind lubora Undcr the pru,ent
ayatcn Of taxing property whether It Is l,are or
| elsewhere, or whether It ylctds an incotne ar
not III pcstonul property, its owner is Erccu-
| Iurn who adtl.ts !ts ownership.
| In Englund, believe. il n man has United
| Statcs oond, he pays u tux upon the incume hs
receives from It. So II e hollis bond Of cur
| tnsolvent railways, Or rcpud[at!Ig States Or
| counttrf, he pays ITO tax upon II while Its tn.
come from tllat source Is suspended. In Paris
md Vienna, II reui estate pays no rent It Bays
no tnx for th" tfmo It Ia idle. hut IN free nfNl
| republican America we gut tl!e Co0se at onCu
| which lays the guttlen eggs. When our National
| lanks wcro established tho State banks were
deliberately taxed 70 death TO get rid Of tilcm.
ownership nf property, niMl to bring about
uniycraal Communism, tho sAlne process
Is bring used. Titles TO property have
| become 50 weak tl,at tho right to hold
and culoy IL Is llnbla 10 be instantly
e1punEru by neglect to pay nnY tax that those
IN office niny SEQ fit 10 ilnpuse, whether much or
| little. W. 1nuke u great ortery against OBJ
prcssion IN other lA1!ts. aud vent 10 war a few
/ ycars ago to bestuw upOn our black fellow-cltl-
| taxed. But WI deliberately take without con-
science from the agcl and !nilrm, tho widow
nnu thu nrphan in our midst, their support nnd
dependence, II they are unahlo for while to
pay tl,u tax imposed upon them, Yet, so nra Ia
free anu enlightened Republic. II republican,
| Ism leads to such pitess Communism, layU We
EeaBop to be proud OF Its poasessioni D.