The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1892-11-18
ABE
Important Information Outlined For
Our. Readers.
Alliance Chit Chat and News Of tho
Great Order From all the
- States.

SAsAASAASS SAas SAASS 8n0 SN010 Va bkkV
Great Order From all the
States.
Ohio. State Farmers Alliance held
their annual State convention at Co'um
bus, on November 9th. There wss n
largo attendance and an enthusiastic
meeting.
The German system Of state insurance
for workingmen is being widely dis.
cussed. 1t 10 practical function of
government. It will bc an issue in a
United States cQmpaiga before the close
Of the present ctntury.
s~~s$s a
Col. Robert Gates on behalf OF tho
citizens of Memphis has been very active
In securing aud preparing for the con,
ing session Of the NationaE Alliance.
Expensive and.:complete arrangements arc
reported as duo to his energy aud per-
severance, assisted by b. q. West, who
was appointed to represent the national.
committee.
Let us come together forgetting that
there ever was a political canvn>s, aud
remember thatithc Alliance Is the farmers /.
great reserve force for good and tight
and Justice, and that It's mission will
never be accomplished while tho,c is evil
to be met and wrong to be rightcd. IL
is above politics, above business. above
our personal infrmitics and Is worthy tho
liens because it is tho only hope for tho
freedom of posterity.
AN INCOME TAX.
BY Hon. r. L. Watson.]
This income tax law passed Congress
tHf1 }f IJ,1 1aG2.-It did naL-nn inta- -niraa1-
BY its terms all incomes In excess OF
5000 and under SO, 900 were taxed at 3
per cent. over 80, 600 at 8 per cent.
This was surely very moderate
The tax was collected under the in
ttrnal revenue system.
From this source the Government coll
lected 81, TAI, 1857 in 1853.
For the fiscal year, ending Juno 80,
1864, it collected $50, 294, 1913.
GA the third day of March, 1866, tho
net was amended 80 as to substitute o per
cent for tho 3 per cont on the smaller in
comes, and 10 per cent. for tho 8 per cent.
upon tho larger ones, commencing with
nn tnCOmc ot SlcS1.
| Under these acts the Cove nment col.
lcctcd $32, ,05O,017
| In 1860 this tax yielded $72, ,8S2, 305.
In 1867 it yielded 500, Ola, ,420.
In 1879 the law was amended. Tho
AK wns diminished in effect one half.
The amendment also provide l. that the
act.was to expire with the year 1870. ,.s
In 1868, al ,455, 800 was the sum col
lectcd. In 1870 1t wa' $3i, ,801 S57. On
July ID, 1870, the tax was extended one
year, and reduced to 2t pr cent.
This was repealed by an act which
| passed the Senate January 90, 1871, and
the House on March 3, 1871. The ycis
and nays were not taken in the House.
Taxes already due before the repeal of
the act continued to be collected in 1871
and 1872 aud 1873. The last were not
in till 1877.
The total amount collected under this
very moderate income tax was $346, 900, :
738.
Does anyone doubt that it would now
be practical to collect enough revenue
from this ,urce to run the Government 7
Fortunes have so amazingly increased
in the hands of the miliionaircs; profits
so stupendous have accumulated in the
hands Of Standard Oil magna'cs. COL
barons, railroad king, sugar trust opera
tors, steel and iron combines, that good,
heavy tax on incomes above SO, 900.
the tax growning heavier as the income
was larger--would be phenomenal In its
yield.
The reasons why such tax would bc
better than any we now have are sufii
cicnti9 obvious.
1. 1t would put the burden on tho
class most able to bcar 1t.
2. 1t would put the support Of the adj
minis ration upon those who derive the
greatest benefits under the laws.
3. 1t would interest the most powerful
class in the cause OF economy. itch men
gct particular when they know thnt they
must foot the bills
a. 1t would put the pension debt on
the men who got rich off the victories OF
the soldiers
5 1t would discourage the accumua-
tion Of enormous fortunes ard would
afford a legal method Of checking tho
growth OF conc ntra cd veal u
C. Il would abolish rhc riIf, whicn,
as system Of collecting tax is the
most costly, one sided dmOu tIous tho
world ever saw.
7. 1t would supplant internal revenue
taxes upon whiskcy and tobacco wiiic',
SUBJECTS OF taxation sh uid DC rclcgatcd
to the States.
8. 1t would give to t oppressed peo
pic all over the land n relief rom tit
crushing burden Of indirect, cwardly
and illegal taxes which nre wrung from
them in the name of the law for bencli
Of privileged classes.
The nations Of Europe recognize th'
iustic, of the inc me tax.
In England it Yields about $60,0O0,,
COO annually; IL Austria, &12, 200, COO
in It,Iy. $3.50 0,'00; in Prussia, $50,
100000.