The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1893-05-10
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CLARK PIERsoN, Editor.
LAMBERTvILLE. N. j.
WEDNESDAY, MAY 10, 1893.

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"A correspondent OF the Hope,oeIl
Herald (whose initials indicate the author
t. be a well-known resident Of Delaware
township, makes SEINE criticisms that
are worthy of thought. An indirect tax,
as he suggests, is the worst kind OF a tax.
We copy his letter:
senate Bill No, 226.
During the last days Of the recent ses-
sion OF the legislature, the race track bills
occupied the attention OF tbs people to
such an extent that other bills OF vital
importance to the people were passed
without notice or protest. While the
race track bills were vicious, and were
and should be condemned by all coed
citizens, they affected only those OF weak
morals, as no enc need gamble on the
races except he wishes to.
But there were other bills passed that
affect the great mass Of people, and there
Is no escape for them, for whether they
wish to or not, they have to pay the taxes
entailed on them by these bills.
The bill that / wish to call attention to
at this time Is Senate No. 226. This bill
exempts all ''bcnds, securities, improve
ment certificates, and other evidences OF
Indebtedness, heretofore or hereafter is
sued by the State, or any county, city,
town, township, borough, school district,
or other municipality of tie State, from
taxation.
/ do not know the amount Of the State
aud local Indebtedness, but it Is safe TO
say that 1t reaches many millions OF dol
lars.
Now it seems to me that the citizen
that is forehanded and has money to lend,
is above all others the one that 10 best
able to pay bis taxes aud any law that ea-
empts such persons from taxation, Is class
legislation of the worst kid, and no tar
i'll or iIust that has been fostered by our
government 10 the past, Is more vicious
or far reaching for evil TO the great mass
of our people.
As far as Huuterdon county 10 CONCERN
ed she could borrow 500, 900 or more II
necessary at five per cent. without any
exemption from taxation, and | presume
the same Is tue with regard TO the State
and counties, and the other corporations,
providing they are sound.
It would seem then that the whole State
must be made TO suffer TO bolster up some
rotten corporation, or it il purely q
scheme to favor the capitalist. Take II
either way IL Is wrong, and contrary 10
the Democratic principle OF equal taxa
ten.
We boast in New Jersey that We pay
no State tax, but submit that moder'
ate State tax would be far less burden
some TO the great mass OF taxpayers than
this exemption will 10 time prove to be,
besides with State tax our law makers
would be held 10 more strict account as
to the expenditure Of money, and perhaps
more economy would be used In running
the State institutions.
To my mind there is danger that the
greed IT our capitalists may overcome
their patriotism, and that they will favor
extravagant expenditures that they now
frown upon, because IL will make safe
investment for their money aud they will
escape taxation.
With little tinketing OF the road law,
and combination between the capitalist
aud the man that pays no tax, the middle
class will be ground between the uppei
and neither mill stone, and their destruc'
ton IS sure Ia follow
have not sten the whole text of ~
bill, bnt II the newspaper statements or,
true, the people may well be alarmed
and am surprised that the Governor
signed the bill I. II. Ii.