Chicago Daily Tribune Newspaper, March 16, 1874, Page 4

4 TERMS OF THE TRIBUNE. a‘!l‘\ll ovumnunmn-mx {PATADLE IN ADVANCE). afly, by mallo,, . 812,001 Sund: FAve e B1E00) Sindy .38 Farin o1 a yoar at. the snmo rato, hd ea To prevent. delay and mistakos, bo aurs and give Fost ON caadurors In full, including Stata and Uounty, Remittancos may bo mado oithor by deatt, oxproas, Post Ofico o1dor, or in rozisterod lottors, at nur risk, A TEUMS O CITY SUDACRINTNE, Daily, dolivored, Bundsy excoptea, 55 conte per mack. Daily, aelivercd, Sunday fncludod, v conts yer wook, Address THE TRIBUNE COMPANY, Cornor Madison and Dearborn-ats,. Ubleago, It ——eeen ‘TO'DAY'S AMUSEMENTS, AV CR' 'TRE—Madls trost, thotweon Door A Biatb. . Fagegomons of Kwia Booths ** Richard IIL" 100! TURATRR—Randolnh_strost, betwaen sufi-{‘f Ly, lPl':Annqnmnn?u;l artt & Palmors jombinatton, ** Undluo. & MUSIO— Halatod stenot, botmaon Mad- it o ermetions of TFern . Alkon: ‘Marico; or Blouro-Trap ftaok g TOUSE.- M DI nd Stita; Atliion, Outto Jinuife, Buatreior'sud“conloniior, root, betwaon d' Kombla's ndino in BUSINESS NOTICES, TO ONE AND ALL~ARE YOU SUFFARING from A cough, cold, ‘asthma, bronohitls, or any of tho ‘varloas pulionary troublos that 8o ofion torminato in Sonmumbtion?. 1 so, uso +* WILBOR'S Faro Ood Livor e e Sk I Teuuiatly roseribed. by (ha uack proparation, oy hodloal freuity. * Biannaointod by ‘A, B, WILBOR, Obewtst, Boston, Sold by all drugzglsta. The Chicagy Tiibune, Monday Morning,' March 10, 1874. The women engaged in the crugade agatnst tho saloon-keopers roceived a rosolution of on- conragoment and sympathy from the Michigsn Sonsto on Saturday, Tho question of woman suffrago, which has boon considered unfavorably in tho Senate, was boforo the Houso. Tho rocommendation of the Committco on Woman Buffrage, that 1t bo submitted to tho people for s goparate voto, was roforred to tho Committeo of the Whole. Wo copy from tho Rock Island Union an clab. orata statement of the ponding disagreoment ‘between tho Plowmakera and the Plowholdors, from the Plowmakers' point of view. 'Tho ques- tion of middlomen s fully discussed from the gamo standpoint. It appears to us ‘that tho ar- ticlo shows signs of yiolding on the part of the plowmakers, a8 it intimates protty plainly that tho resolution to which the farmors bavo taken 80 much exception was only intended to remain. in forca till Ootobor, 1874, Inthis city, o8 in Boston and doubtless through- out tho country, the pulpit yostorday dovoted it- selt mainly to onforcing tho lessons to bo drawn from the noble lifo of Bonator Sumnor. Our Pago of sermon, with tho oxcoption of tho Rev. Mr. Bullivan’s diecourso on tho tomperauce ‘movemont, ia givon this morning fo memorial sormons on tho death of tho great Sonator. Frof, Swing paid him an eloquent tribute a8 one ‘whoso life had beon cradled in that of the na- tion, and whose whole careor had beon devoted 1o pence, fustico, and liborty. The addresses of Dr. Powors aud the Rov. Mr. Savage will bo found ablo and of great intorost. A large con- grogation of colored pooplo sssombled in the Olivet Boptist Church to hear tho eulogium of tho Rev. R. De Baptisto on the friond of thoir race, “who was wounded for them, but never forsook them. " A E—pr——— As tho Massachusetts Legislature’ must hold the eleation Tueiday weol, au mavitable but nono tho less paihitul *discussion has bogun of candidates for tho placo Senator Sumner has lofh ompty, Bomobody bns overheard & convorsa- tion botween Scorotary Richardson and Somator Logan, In which tho ox-Judgo of Probate prophosics tho election of Mr. Dawes. This gontloman, he eays, will have the support of tho Administration and of Gen. Butler. The Socre- tary of the Treasury secms to have referrod, with- out o qualm, to tho intorference of the Gonoral Govornmont (through tho roformed Civil Sor- vico) in an election by the Lezislature of his own Btate. If Butlor supports Dawes, thero will bo not & fow to connect this sorvice with the Tnttor's disappoarance from Washington when ho wea noeded to fight the Simmons nomination. Ggn. Butler, Charlos Francis Adams, Wendoll Phillips, E. R. Hoar, and Ralph Waldo Emorson 0 some of the other names canvassed, ‘There id & hint in the news from California of ane of tho dangors of railroad logislation. ‘The Bonate Commitieo on Railronds, aftor s secrob confovoncs with Stanford, of the Central Paclfic, ‘uoanimously reported againet the Froeman Rail- rond bil, aithough the burden of the testimony and arguments of thoso who sppeared in public before tno Committeo wasin favorof ite passage. It looks like tho old story of Stanford and his associates ogafost the State, The Committos have reported bills embodying maximum rates for ruilrond charges, and ostablishing s Trans- portation Board, In Minnesots, the experimont of railrond regulation will eoon be fairly under way, Gov. Davis has appointed” the three Com- migsioners, who are to oatablish maximum rates in accordance with the Iaw recontly passed hy tho Leglelatwro. Tho echedules of this Com- mission will bo authoritative, and penaltios are provided for thelr transgression, Wo print some more *‘Hour Meat" litorature this morning. The Commitieo of the Pork- Packers' Agsociotion hava boon investigating Mr. Cowan, who firat brought tho abuses to light, sud not the tainted moats, nor the inspoction systom, nor the roal point at issue. Fortunately, Mr. Cowan has beon acquitted of anyheinous of- fouso, and bis life will be sparod. Therowith tho Committee disnuss the whole matter, and want to be discharged. * But wo aldo print a lot- ter from twolve Deltimore deslers, comprising noarly all the large provision firme of that city, who confirm Mr, Cowan's allagations. Shouldn't tho Committee investigate theso Baltimoro gon- tlemen boforo thoy retire ? Then they might go 6t the Philadolphia firme, and so make tho rounds. Itiatoo much to hope, however, that thoy will investigato tho extont to whioh tainted THE CHICAGO DAILY TRIBUNE: MONDAY, MARCH 16, 1874, e e ] gallon, Tlour was moro active, at former pricos. Whent was very quict, and a shade firmer, clog~ ing ot $1.103 oash, and §1.20%¢ sollor, April. Corn wag quict and enslor, closing at 02 onsl, and 0230 seller April. Oats woro quict and firmor, closing ot 43%o onsh, and 4o sollor Aprll. Rye was quict and stoady at Bdo for rog- ulor. Barloy woa quiet ana strongor, closing ot $1.60 for No. 2, and £1,60@1.51 for No. 8, Live logs were activo aud highor, with libornl sales at 806.00@0.80. Oattle und shoop were in good do~ mand, and raled firm. In tho lotter writton by Mr. Summnor a year 2go, and mado public this morning, Lo moota the criticlsms medo upon him nnd his * Battlow Tlags" resolution in a way to disarm all the misrepresentation and misconception, which are now “rogretted in a day of light,” to use his own phraso. Tho rosolutions woro commonded by such mon as Gon. Bcott, Gon. Rob- ort Andorson, of Iort Bumtor, and Gon. Thomns, “all good sand truo soldiors” Mr, Sumnor Introduced them for tho first timo in the begloning of tho War, May 8, 1802, thus altempting to initlate from the first'what he thought to bo tho magnanimity that would mark a contest botwéon mon of the samo blood and tho samo natioh, They woro not concoived es ou after-thought to humiliato tho victors, Thoy woero thoroughly consistont with the conviotions and conduct oftho man whoso firat great public spocch wos dedicated to Ponce. As this lettor #ays, they weroe tho natural and inevitable con- soquence of his original convictions. ~Bomo interosting mformation concorning the resonrces of tho Far Wost is given in tho last aunual roport of the Uuion Pacific Railroad. Coffeo is among the pyoducts of Californis which tho road briugs ast, and tho incronse in tho amount transported Inst year was 87 por cont. Iron, adapted to tho manufacturc of Dossemer stool, iu found in large quontitios nt vavions points Along tho line for 500 miles. A sods bod lics noar the l‘qnfl #0 rich that it is belioved it \vfl‘ ultimatoly excludo foreign soda, of which $5,000,- 000 worth weroimported last yoar, AtGroon Riv- or, thore {8 an oil-boaring shalo, from which lubricating and burning oils can be produced at a cost of 16 conts & gallon, competing with the ofls of Wost Virginia. In Utak thoro is an in- exbaustiblo doposit of the purest sulphur known in tho world, covoring thirty nores, and tho Di- rectorg of the road believo thoy can carry it to the Atlantic to compote with tho Sicihan pro- duct, The not carnings of tho Union Pacifie last yoar woro €5,201,212.04,—an incronse of $1,109,210.59 over those of last year. ‘Thero hing been an ducreage in tho passengoer and froight trallio and & diminntion in the rates chaxgod. A HEADLESS ARTY. Only four short montbs hiave clapsed sinco tho municipal eloction and tho triumph of the Poo- ple's Party. The eventis not #o romote that poople will fail to romembor the enthusiastic ac- clamations with which tho victory was wol- comed; the delight of Mr. Hesing, which conld only find appropriute oxpression by holsting the Gorman flag; the assurauces of & municipal millennium which wore vouchsafed by tho Staats- Zeitung ; tho largo promises of Mayor Colvin, glowingly set forth 1n his mnaugural; and tho hearty and fratornal manner in which Colvin, O'Hara, Hosing, Ballalo Miller, Tom Foloy, and Hildroth cmbraced ench othor in a Scotch-Irish- German-Amorican hug, and congratnlatod them- solves and the rost of tho city that Ghicago had boou saved from the muckers and wassor-som- pols, and that the great and good Colvin had been public-spirited and magnanimous enough to quit baggage-smashing and sorve as the head of tho party to conduct it through the municipal torm, and to rescuo the city from tho daogers which were threatening it.. Only four short months have olapsed, and tho affairs of tho Poople’s Party have got into such 5 anarl that a meoting of tho principal proprie- tors is called to tuke sccount of stock. Tho meooting was hold in tho * Baatile" on Saturday prohonsion, who does not have a profound con- tompt for both Lead and taill. Tloro novor was party bofore which stpried out with such mag- nificont opportunitios aud agcomplishod so littlo. ‘Whoro are the roforms wo woro to have? What Tay of hope for tho futuro doos this hondless ‘monstrosity givo us? Wo ro-ccho the sontiment of Mr, Hoslngs * For God's sake, stick to the party! " Btiok to It until next fall, gontiomen, onid tho poople will put a hoad on it which will bo satistactory to you. FREE BANKING, ‘Wo publish olsewlioro a third communication from Mr, F. It. Ohondler on the subjoot of-Froe Banking, to which wo invito tho ationtion of thoso who have followed tho digoussion thus far. Mr, Chandler showa that {n tho Wost and South thoro would bo very little inducoment to tako out more currency undera Froo Banking act, aud this corrosponds with the facts, for whon §256a 000,000 of now curronoy was grantod to tho Wost and Bouth, undor the Redistribution act, it wont beggig some throo years. We aro not suro that it bos all boon taken up yet. And wo know that some Wostoin banks aro now trying to retira tholr oiroulation, Ho thinks; howover, thera would bo very consldorable inducoments to take out now our- ronoy at the East, whore tho ratos of intorest aro low. We ngroo that thord would bo moro in- ducoments there than hioro, but'not nearly so much a8 ho thinks. Take tho oxtremo enso, last, and thero wore prosent A, O. Hesivg, H, B. Millor, Dan O’Hara, Barney Caulfield, Commis- slouor Sheridan, Gen. Licb, and Aldermon Cul- 1 lorton, Bailoy (M. B.), Btout, Lengachar, Mabi, Toloy, Schmitz; Corcotan, Hildroth, O'Brien, Cannon, Bailey (T. H.), Murphy, Lynch, White, Sohnfner, and Richordson. That the mooting was not of o jubilant oharacter is evidont from tho fact that it wes o sacrat qne, and that the Trussian flag was not flying over tho *Bastile.” Tho reader, in looking over the roll, will observo that tho tail of the party was there, but whero wan the hond? Wherowas Colyin? Where wes this Cincinnatus of tho express-offico who 80 re- luctantly loft his trunks and boxes to save the city from the Puritans? The daseta of tho party ‘wero carofully oxamined by Mr. Hesing, but the head of tho concern was missing. Thoro was plonty of tail and logs laying round tho “Bastile,” but nothing look- ing lko s hosd was to bo found. Mr. Hesing announced this foct to the tail Mayor Colvin waa said to be a fraud and a fail- uro—a men without backbone—a fellow who had troated tho Aldermen ehamofully. Tho patty had no hold upon Colvin. He could not bo de- ponded upon. IIo had mominated Louis Wahl without consulting snybody. Mr. Hoeing's cholco was Phil. Conloy, but Colvin had paid no attontion to him. Colvin had promised the Pplaco to half-a-dozen people, and gono back on all of thom, and soleotod Wall, who was not of thelr party. Tho only consolation which Mr. Hoslug could administor was, * For God's sako, stiok to tho party.” Aud Gon. Licb arose snd bogged thom, ‘‘for Gods sake, stick to tho party,” and Sheridan, and Caulfiold, and Hil- droth, aud O'Hara,—all arcse éud bogged thom to sficl to tho party. And Buffalo Miller srose and not only begged them *for God's sake, to atiol to tho party,” but also claimed that Lo had bad o good desl of exporionco In politica, avd that ho always found that & man who went back on' hla party came out at the litle ond of tho homn, and varrated & story of & fellow who dosorted bis party and brought up in the Penitentiary. "Tho natural fnterencs to bo drawn from all this is, that, na Buffalo Miller went baok on the Re- publican party last yoar by substituting the Poople’s Party in placo of it, hohss not only moata have boen sold, or the defocts in the pro- vailing system of inspection. It ia protty ovie dont that this, 1t it bo dono at all, will have to be taken in hand by the Board of Trade. The Ohlcago produce markete wore genorally slow aud steady on Buturdsy. Mees pf:rk was quiet and strongor, olosing at $14.45 cash, and 814,60 sollor April, Lard was qulet and & shade tirmor, closing at ©8.0256@8.06 per 100 lby,, oash, and €8,973¢@0.00 soller April, Meats wera qulet and stondy at 85,40 for shoulders; 7X@ 150 tor shors ribaj 7)5@80 for short oloar, and 9@100 for aweet-plokled hams., Drossed hoge ware quist and firm st $8.10@0.95 per 100 lba, Highwines waze quied sud siesdy ab 89540 per como out of tho little end of tho horm, but is now hoadlug towards the Ponitentiary, and traveling thero at o very rapid rate, In four short months, thorefore, the Pooplo's Party, which atarted out with such flying of flage and blowing of trumpoets, {a going round without s hoad on i, and Mr. Hoslug, its owner, is beg- ging poople for God's sake to stiok to this mon- stroaity, all tall and legs, elso all tho good thinge next full—the country, Btate, end Congrosalonal perquipitos—will bo lost. Binco Ohicago waa big whoro tho rate of interostis 6 por cents The honds aro all held by somebody—usuelly by those who want an investment that ia absolutely snfe and that gives no trouble. To load theso persons to go fnto the banking business, somo- thing moro than an ordinnry inducomont must bo offored. “They must bo convinced not only that tho bonds can bo used at & considorably Dighor rato of profit by plodging them for cur- renoy, but that banking will bring botter ro- turns than mortgngo lonns, Boar in mind that whon o man puts up his bonds as socurity for ciroulation at Washington, ko cannot take them bock st his own pleasure. Mo sssumes the rigke of the banking businoss, and pledges tho bondas sgaingt those risks. An exporionced and careful banlker in this city informs us that the lossos in tho banking business from bad loans, mercantilo failures, ote., are oqual to neatly 8 por cont, and canaot bo put at less than 234 per cont. Boar in mind, also, thatthe bouds are not taxablo by or under State or muuicipal authority, while banking capital is taxable. Mr. James Buell, Presidont of the Importors" and Tradors’ Natlonal Bank, of New York, told tho Houso Committeo on Banking and Currenoy that those taxos amoauted to 8 per cont in Now York City, 6 per cent in Albany, and 2to & por cent in tho smallor citlos and villages of that Btate. Wowlll tako 2 por contas & minimum. Now letus sco what,inducement i8 offered to the holder of bonds {a an Enstorn State, where the rato of interest is 6 per cont, to go into tho bouking business under tho prosont law. As a private holdor of $100,000 bonds, he gets $5,000 gold intercst, or, with prominm added, $5,600 currency, As & banker, ho receives in addition ¢ . $07,600 currency at 6 per cent, Lets tax 1 per cout on $90,000. Leoss 2)¢ per cont losses,.., L css office-rent, salarics, statlonery, et K ‘We have omitted tho local tax on banking cap~ ital, because wo are not suro that that applios to tho portion invosted in United Btates Londs. It does, however, apply to all other capital em- ployed in tho business. We leave Mr. Chandler to fill up tho last item in the foregoing tablo himeelf, in order to show how much is left, on the 6 por cont. basls, to Lo carried to the credit of profit and loss. It may bo snid that such s bank will havo doposite and will bo able to male offico oxpenres out of them. Itadeposits will cortainly bo small, if tho bank is located in & small town ; and it {8 an observed fact that the banks in large citics, East or West, hava taken out very little ciroulation, and are now trying to withdraw and rotie even that little, Mr. Buell says that such is tho fact in Now York, Indeed it {s genorally ndmitted that inflation ia to be ap- prohiended, if at all, from the small towas of the Tastorn States, We will now let Mr. Budll show what are the probabilities of inflation in that quarter. We copy from his testimony before the Committeo on Banking and Curroncy : 1t requires much solicitation and effort anywhore to get tho capltal for a bank subscribed ; and at the pres- ent time, owing to the Ligh price of stocks, the profit uppn pational banking 8 not such as to tompt capltal rapidly into Nationn) Bauks, Thoro i very general misapproliension pervading the publio mind upon this ‘subject, Thoreatrictions us to National Bank currency induce peoplo to regard a National Bank aa & mine of ‘wealth—a monopoly, Buch restrictions should be re- moved by sllowiug froo banking, 2a Leotofora sug- gestod. Allow me to filustrate and suppote, for ex- amplo, tho caso of & buuk orgunized in a small town in ‘Now York Btate, italiats of tha placo subscribo & co ook ol any. oo o $100,000.00 Tuis sum fa taken to fho Uilod 'States Tressury sndlenttothe Government, und for which the bunk recclves in United Blutcs 58, at Prosont Price—AuY...ereeress Thia United Stutes stock s then faken by the bank und lodged with the Comptroller of the Currency, aud ho fasues to it 40 por cent national CUTTOBEY—80Y\everrsesee o ©Of thie, or ita equivalent, the law saya 16 ‘cont s Toservu must bo kopt on hund—ssy. ‘Which,deducted from tho §75,600, leaves tho Lank to loan out {o ita deulors, bud obiutn interest for, Lut.. . 04,200.00 Now tha practical operation of this is that of the loanablo capital of the place $100,000 hins been contrib- uted aud paid to'the bank, and tho placo hos got back ua loanublo capital or crodits {ts own notos for only $04,20. Thio place, fustead of * {nfluting " its loou- ablo capital by organizing o bank, hes gob one-third losa by tho oporation. Now lot us sco bow tho profits stund, Tho principul sources of profits by bauks in small places are from circulation snd deposits ¢ 1ut. Intercet on tho United Biates bonds $84.000; 6 por cont in gold 14 94,200, whlch, ut 13 flor ceut remiiuu, 18 worth, nterest nt7 per cout Oit (00 $64, 200, currency, ullowad by Iaw clrculute, 18, 50, Wo whi supposs o to attract—gay, $50,000 doposits, upon Wich't yoys 1o lnterusty which v & lbaral supposition for bunka of thia churacter ; do- dut resoryo Foquived by law—18 por vent, $1,600—leaves $43,600, Which, at 1 per cont inteoat, gives (e bank, 84,000,00 16,600.00 11,%0.00 24. ‘Total profits—asy. x From total proiits we huve to deduct for Unlted States tux on cap not in United Bial $16,000, 3¢ per ceut, 80,00 Also tax on cliculation, 160,00 Alsa taxou $50,000 duumfil, 3 In Oity of Now York, for 1874, the Siuto, county, ond city tax ruta will probably S:g 3 jand r coutapd ups Snadiar ity aud villuges {u Btate of New York, thio rat of tax e from 1 to 6 por vent, In New York and Albuny cltiod Unuks oro ssscased upons tho” wholo_cepital, par value; a0l by thelaw of the Btaie is ro- quired to be asseased ovory whiers 11t tho Slate, Stata and county and town tax on the cupltal—iay, only 2 por cent Balary of vlticord, ont, e10,viuveee o *© Total taxes, oxponses,efo..... onough to have s party, wo have had no such magniticent fivele as this, The head's contempt for the tall is only equaled by tho tall's ogne tempb for tho head, and thoro {8 probauly nod 8 man {n Olisagy to-dsy, of ordinary come Tewwivg n folal Lalanco of proth abova paying expendes, X6, oy butuo Sulowancs Tor bad o R §3,601.30 Not enough of {otal ProAts Ipft t0 pay tue stockliolds o3 & dividend of ovan 8 per cent op their capital, 2 12t above atatemend ko sortach (aud 4 is balleved | praotical man" ginco tho any bank-officar or otlior porson familiar with banking will verify its acourncy~oxcopt that tho catimato for profita fe full, wnd tho catfmata for oxponacs, taxes, ofc,, s small, and no allowanco is mado for losacs), it will bo reon that tho profits of national banking fs not nuch ga to induco capital into that kind of business vory rapldly, Whon Unitod Stntos stocks, Gs of 1681, woro to bo had at par, and tho gold interest could bo sold at 200, tho profit was atlractive, Buthow itin quito different, Many Nationsl anks would be glad toroturn thofr natfonal ourrency fo tho bank dopart- mont, and take up aud acll their United Btatca stooks, did tio law pormit i, Wa should Iike 1o roturn ours; wo can make moto proflt by tho uso of our capital now Iooked up in United Siatos sfocks, lodged with tho bank dopartment as seourity for matlonal ‘curreticy given us, than wacan by tho uso of tho nationa! our- roncy. Ttopes! this provision of tho National Banling 1aw, and thero will bo many millions of national clrou- Intion voluntarily given up by tho banks iu central cltles, which sould then be distributed to such soctions of the country ua might desire it, Itis propor to. romark that Mr. Buell did not urgo free banking puro and simple, though the wholo tenor of his argumont wont to sustaln our position thnt “ froe banking doos not necessarily imply inflation.” Ho proposed s o sufo and ju- diclous monsuro that . froo banking bill should ‘bo passod, nuq that thon thera should be & graon- back dollar rotired for evory bauk-noto dollar fssucd till the greenbaok oiroulation was reduced to 8300,000,000, aftor which ho believed thatn syatom - of bank-noto redomption. would take placo nnturally, and thus proguce olasticity of the currency. Formorly, ho said, wo moved the crops by oxpansion—now wo move thom by con- traction, Mo thought that clastielty was tho firat thing to be sccured. Aftor that, the prob- lem of restoring specio payment would be shorn of nine-tonths of its diffoultics. Mr. Bucil's suggostions and “arguments are, on the ‘whole, the wisost that wo bave sten from any so-called currenoy debato commenced, ¢ — BEPEAL OF THE LAND TAX, To another part of this paper wo prosont some tacts bonring upon the quostion of & total aboli- tion of tus systom of raising rovenue in Illi- nols, for State purposes, by a tax on -the valua- tion of land shd other, property. The points discussed ave: 1. The constitutfonal power. 2. Tho suflicioncy of tho second modo of rasing rovenuo dircoted by the Constitution. 8. The Injustico of tho praotieal working of tho presont systom. 4. Tho fact ostablishod that 80 per cont of tho wholo tangiblo proporty of tho Stato is nover listed by tho Aesossors. 5. That one« half tho 40 por cent of the porsonal proporty found by tho Assessura 8 found on tho farms, 6., That the land and its. sppurtenances pay 80 por cont of the Btato and of all local taxes. 7, That tho costof tho pros- ont systom of collecting taxes 13 20, por cont, and under the othersystem will not oxcoed 1 per +cont. 8. 'What the tax proposed will bo ensily collected aud rosdily patd, becauso rensonublo and oquitablo. 9. That tho change will reliove production, and enable tho countien and towns burdoned with dobt to pay off ali their liabili- ties.” 10, That tho Btato rovenu willbe largo enough to pormit a disttibution o tho soveral countlea fu rollef of local taxation. Wo com- mond this articlo to the enroful perusal of every man in Ilinols who owna an acre or a foot of lond. THE SUNDAY ORDINANCE. Tho womon of ibe Chicogo Evangelioal *churches liave been called upon §to meot in tho Mothedist Church Block at 8 o'clock to-day, thora to unite in prayor and discussion until the hourof the regalar scssion of the Common Council, and then to procood to the Counofl Chamber with the purpose of sccuring the do- foat of tho proposed roposl of tho Bundsy ordi- nanco. This is tho first practical inauguration in this city of the Woman'sgpmperanco Crueado startod somo wooke sinco in Ohio, Tho Chi- cago movement i8 much fairor and more rationat, however, than the Ohio movemeut, since it is “dirocted sgainst the law-mnkers who liconso liquor-solling, and not against the men who scil liquor pfter having paid for such s privilego guaranteod to them by the law. 8o far, too, tha Chicago movement does not look to tho sup- prossion of liquor-trafile altogether, but only to it suppression ovor Sunday. In hoth theso re- spocts, the Ohbicsgo women who hove entered into the crusade aro ontitled to tho credit of & superior judgmont to that exercised by their Ohto sisters, For, soveral days pefitions to tho Common Council, begging that the pros- ent Bunday law bo not ropealed, ave bacn cir- culated for signatures. The primary objact of tho deputation of women will b to present theso potitions. Whothor or not they will supploment them with prayor, we do not know, But we do kuow that to most men such a deputation wouwd bo a8 formidable as tho recont vigit of the Com- mune, thougli iu a different way. It would not surprigo us, novortheless, to find tho 28" ropresentatives of the People’s Party impervious alike to the petitions served on them and the prayoers directed to Heaven, . There are two phases to tho Sundsy question which bave an eminently practical bearingon the present movement. The question whether or not tho saloons should bo kept open on Sunday, was the vital issno in tho last municipal eleotion. It was decldod in the afirmative by o majority of 12,000, in spite of o lamontably wenk candldato for Mayor, a huiried organization, wells founded suspiolons of bad intentions on tho part of somo of the offico-ceke ers, and othor Tho rosult demonatrated beyond peradventure that o large masjorify of tho eitizons of Chi- cago desire thoat the maloons slall not be olosed. Wo cannot doubt that if the same {ssue wore pregentod to-morrow, relieved of tho om- borragement of tho People's Party politiclans, the result would be tho eame. As the mojority of the Aldermen were eclcoted for tho express purpose of repealing the Bunday ordinance, itis scarcely probable that thoy will declino to do it. Thore {s another important fact bearing on tho caso, ‘Thero 18 now no protonao of enforcing the oxisting Sunday law, Asido from thodelotorious influenco of rotaining laws on the statute-books which are not enforced, tho ordinance now pro- ‘posed a8 o substitute shows a greator deforence to tho religious’ community than the non-on- forcoment of tho old ono, It providos (1) that tho Mayor may rofuse & licenso for liquor-golling whonever he is not convincad of the good chare acter of tho applicant, which 18 an improvomont over the prosent ordinance ; and (2) that, in all places whore lquor {8 sold on Bunday, the doors loading to the streot slnll be closal and the ourtaing drawn ,over the windows, wheros, at preaent, tho saloons sell with opendoors, and just as publicly ag on any other day in tho weok, Wo ara not now argulng the Sunday question or the llquor question we are simply showing the differenco betweon the non-onforcoment of the prosont Bunday ordlnance and the enforooment of thoe proposed subititute. Wa cannot doubt that the women why vialt the Oounoil Ohamber to-night will bo recolved with deforence and treated with rospect, Chioago would loudly protost sgalnst snystiing \lso, Ia yhiting $ho looal law-sadkers, "the Ohloags unfavorable circumstances, women, 88 wa havo eald, aro & stop in advanco of #ho Oblo and Indiana ‘womon who have ralded tho lioonsod saloons, But thorois anothor atop il to bo taken boforo nny practical rosults can bo attainod. Thisfs to bring their influenco to ‘boar upon the people who oleot the law-makers, It tho women of Cbiongo liopo to suppress the anlo of liquor on Bunday, thoy must first win over o mnjority of tho logal votors, Thon thoy may oloot law-makers favorable to s rigld Sunday ordinanco, and an Administration that will en- forcoit. It is to this they should dircct thoir prayors, and to this also thoy may bring tho powerful auxiliary of their porsonal iufluenco. BANBORN—BOUTWELL~BUTLER, 'Tho contracts of thoTreasury Dopartmont with Banlorn, the friend and aseociato of Ben Butlor, by which ho was suthorized to “discover and colloct" unpaid intornal revonuo toxes on -shares, {8 at last attracting tho nttontion of the country, especially to its criminal foatures. In tho wintor of 1872, thie Senate Committeoon Ap- propriations, of which Stnator Bawyer, of South Carolina,.was & memboer, reportod an amendment to the Appropriation bill suthorizing the Becrotary of the Trossury to employ not more than throo porsons to assist tho revenue officors of the Gov- ernmont to discover an® collect any movoy bo- longing to tho United Hiates and withhold by any porson or corporation, It was adopted by tho Bonate. The IHouso rejected it,. ns o mero covor for spies nnd blackmatlors. Mr, Butler champtoned it lustily, Tho Benate Com- mitteo of Conferongo, of which Bawyor waaone, rotused to yiold, and, though tho Houss rojected it four or five times, the Benato Committco in- sisted upon it, and fually compolled the Houso to adopt it. This scction thus forced through Congross rends a8 follows: Trom and aftor tho passago of thia act tho Secratary of the Treasupy ohall havo powor to employ not mora thian threo porsons Lo asslst the proper officers of tho Govornment in discovering and collocting any monoy bolonging to tho Unitod States whonuvor tho samo slinll bo withiheld by nny pereon or corporation, upon such terms and conditions aa ho shall deom best for thio fnterost of tho Unilod States, But no componsse tion shall ba paid to such prraons excopt out of tho ‘monoy and proporty so secured, In duo timo & contract was mado with John D, Sanborn, and also in due timo Mr. Saiwyer re- tirod from the Senato aud became Assistant-Sec- rotary of tho Troasury. Mr. Sanboin was for some considorablo time uusble to **discover any monoy bolonghg to the United BStatea with- held by any perspn or corporation, Tho law suthorized s employment to “'assist” tho proper oflicers of the Treasury in discovering and collcoting what they wero unablo to discover and collect, Boat Iast ho appealed to the Troas. ury Dopartment, and Secrotary Boutwell, on Fob. 8, 1878, issued to all Bupervieors and Col- loctors of {ntornal revenuo thofollowing extraor- dinary lettors You aro requosted to assist John D, Sanborn in the examination of official records in referonce to such cases of allegod violation of tho Internal Revenue lawa aa ho may ask for your co-operation, Alr, Sanborn {a acting under au appointment from mo, and may necd somo information from the ofices of Collectors and Asscssors for the Durposs of verify- Ing his clatma, Armed with this Iottor, Banborn at once en- tored the offices of internal revenue, oxamined the booke, and ascertained what taxes were duo anduvpaid, Ho ‘ discovored” nothing that was not known to the propor officers. In some cases, by the corrupt connivaunce of the local ofiicers, varions taxes falling due wero recorded na col- lected by Sanborn; in othor cases, whoro he found that taxes had baon paid in largo amounts, .he presonted his claim for having discovored and collooted them, and in everysuch case tho Troas- ury Dopartment pald him his contract price, which was 50 por cont, or one-haif of all sums collected. Undor this contraot, Mr. Sanbora, fn tho courso of 1873, was credited with hoving col- lected $400,000, ono-hislf of which was paidto him. that Sanborn's contract rolated to claims which were nol of record in the Col- lectors’ offices, but the collections made by bim were of taxes of record in thoso offices, and known to tho Collectora nnd to the Dopart- ment, He bad, by virtuo of Mr, Doutwell's lot- ter, required tho local officors to give him from their books lista of unpaid taxes; ho hed thon ueed the ordinary machinery of the office to col- Jeot them, and had claimed and been paid one- half the monoy. § In tho case of the Delawaro, Luckawanna & Woatern Railrond, which paid taxes for a num- ber of ita lonsed lincs, thers was a difference among tho oflicors of the Government as fo tho oxact smount of taxes due, A correspondonco with the Departmont delayed tho matter. The Compnny never refused to poy the fax, but waited until tho oxact amount was ascortained. On the Gth of January, 1874, the Buporvisor of the Rovenue informed tho Company that the Govornment shad fixed the tax ab $99,685, and the Company paid the amount directly to the Troasury, On Jan. 8, Sanborn wrote tothe Becretary that ho had boen inatrumental in col- locting that monoy, aud accordingly one-half tho sum wag paid to him | Tho Presidont of the Rail- rond Company doclares that he nover heard of Sanborn; that whatover dolay there was in the psyment of tho tax was duo solely to the jnabil- ity of the officers of the Governmont to etale tho amount. Auother case was that of tho Phoips eatato. Tartof tho succession tax was paid; subse- quently avother part foll due, but, owing to suits ne to the distribution, the preciso smount to bo paid vould not bu fixed, But, ponding this mattor, Mr. Phelps was Informod by the Govern- ment officers that the Government was 80 much In need of money that they would allow Dim to fix the nmount of tax ho thought ought to bo paid, and settlo with him. Ife did ro, and poid the tax to the Collector. It turned out afiorward that one-half tho money went to San- born, The most of Banborn’s jobs wors exo- cuted in the ofice of Luclon P. Hawloy, Supervisor of tho Rovonuo, Mr. Tennoy, the Unitod States Attornoy for tho Drooklyn Dis- triot, sntisfled of tho rascality of some of the proceedings, wrato to the Secretary.of the Treas- sury for somo official papers to lay befors the Grond Jury. This was on Deo, 81, 1878, Thoe ‘Trossury Department, up to ‘the 27th of Fobruary, had falled to furnish tho papors, though Teuney had gone ahoad, and on othor evidenco had indfoted Sanborn, Mawley, and a confederate namod Vanderwerkon. It should bo romembored that bobind Sanborn, as behind Jayno, was Bon Butler. When Mr, Boutwell wroto the remarkablolettorof Feb, 8, 1878, ho was a oan« dldato bofore tho Massnchusstta Legislature for the vacanoy about to occur in the Bonate, and wap & fow wools later olected, with Butlor's sup. port. Sawyer, who engiueercd this thing through ‘the Benato, hns been Asslstant-Bocrotary of the Troasury amince Richardson’s pro- motion, The Housa of Topresontstivos bad to make s mocond and peremptory oall before it could obiain from tho Beoretary the papers st the oass of Baubors, and now Butler Tho Bolicitor of tho Treasury atatos ia boforo the Iouse deforfding the whole dla- honost pron'omllng._ Thoro is in tho ontire trans- snotion suoh v willful and delivorate purposo Lig- trayod to obtain this job for somo oue; and auch conntvanco by tho Tronaury Dopnartmont to ad in its flnanclal wuccossy and suoh a guilty knowlodgo of the damaging offcot of & full dia- closure, that the Nation is of tho opinfon tlat if Boutwell and Richardson hind beon oficora of tho City of Now York oporatiug undor nots of tho Leglslaturo instond’of acts of Congross, thoy would lu_\vu boen iudicted, if tho Prosocuting Attornoy had dono his duty. A handle nglond doos not always protoct the ownor of the handlo from the wrath of those who aro without handles, Tnie I8 illuatrated by & rocont ocourronco in London, Tho Rt. Ton, Charlea Fredorick Ashley Gooper Ponsouby, Baron da Manloy, of Langford, Oxfordshiro, hired a horso of plain Afr, Carr, of No. 210 Piceadilly, Whon ho came to pay his bill ho was vory drunk, and sald the wholo thing 'was o swindle, Mr, Carr fn- formed His Lordship ho lrd mado & mis- take. Mis Lordship called Mr. Onrr a Nor. Piala Mr. Omr thon informed His Lordship ho was* not accustomed to take thnt kind of languago from any mau, oven if ba did havo o handlo, Ho then proceoded to thrash Hia Lordship, and, having thrashod bim, tho plain bold Briton kicked His Lordship down-stairs, ‘wheroupon His Lordship had 3r. Carr arrestod, and tho Court imposed = fine of 20 shillings. Mr. Carrdid not complain of the fine, and wont. away apparontly satisfiod with the progressive spirit of DBritish fnstitutions which makes it possible to thrash a Lord for five dollars. el SPIRIT OF ILLINOIS. . Tarmers' Congrossfonal Distriot Convontionsto Iay ont work : p B March 17, Twolfth District, Jacksonville, March 18, Bighths District, Fairbury, —Tho apring cleotions, at which Town Officers snd County Bonrds of Bupervisors are to bo choson, como on tho first, socond or third Tuos- days in April, and not on & uniform day, Tho oflicors to bo olected in oach town aro Bupervi- sor, Town Clork, Assaanor, Collector, Ovorasor of the Paor, Mighway Commissionors, Consta~ bles, Juaticos of tho Poaco, oic. Theso eleotions lavo hitherto passed unnoticed. Now thoro s an awaltening dod a demand for » sorutiny of ac- counta. Tho Watncks Timeshaa beon makingan offort o gat at the facts in Iroquots County, and aryivos at o total indobtedness of §258,418, which * doos not inoludo tho school, bridge, and ather- indebtodness of tho differont townships, s state- mant of which wo propose to furoleh at s no distant date.” And thon the editor snys : Bomo of our timid friends liave suggestod to us that wo ought not to publiuh thewo slatonients, bocause it may tond to injure the county, We, howover, regurd tho matter in o very difforcut iight. Tho muss of the pooplo do not know the financinl condition of the coun- iy or towns, Theoflicera soldani, 1f ever, publish atate- ments of thetr expenditurea or labiiities, and, without agreat deal af eseurch, 1o one can ascertimn these sacts, » '+ o What s nownecdud is safe and conservative men i overy office, no wmuttor how scemingly unime poriant, * —The Knoxvills Republican, the Joliot Repub- lican, and numorous other papers, announce that tho Farmers will boin the tield with tiokets at the spring eloctions. s 2 B —By tho Farmors of Christian County, at Tay- lorville, March 7 Resolved, That tho necossitica of the tmes domand o formatlon of n ow political parly, . spriugiug di- reatly from the producing and laborlng _clusses, . om~ Dracing all honcst and slucero frionds of Roform, and of a puro aconomical Governinont, 8tste aud National, whoo purpose shall be tho carroction of the shamoful corruptious, oxtortions, and sbuse, which rob tho ‘musses of tlie peoplo of flotr honoat earnings, 2 —Tho Danville Commercial (Republican) wants it distinetly understood that its columns aro not to do dirty work for big.party ring-leaders at Washington, or little party whip-suaps at homo ; and the editorasys: Hurruh, thon, for individusl independence, and newspuper indepondence, and’ party mdopendoncol Let evory office-lolder know thab every ‘man ‘of his constitucnts ia bis watcher, and his Pom(c.\l opponont, if his courso will not bear the teat of eritical cxamina- tion. _In this alono is the hopo of the Republic, —That voteran oflics-secker of Freeport, Gen. Bmith D, Atking, is tolling tho Grangors that the wholo movemont of thie farmers is only a Domo- crutio dodgo,—Dizon Sun, - £ —1'ho Grangets who are so infatuated 8a to xpect to get roform inside the Ropublican or- ganization will go to their own ; but all intelli- zont, earncet, and proctical roformers among the fuduatrial classes will concontrato as an In- dopendent organization to fight class-legisiation and tho money-poser, in overg form of Mono oly in which 1t now ngpunm: and they will suc- cead, ovean though it bo through Revolution.— Moryison Independent. —For yoears men who have supported them- selvos by Tabor hiave givon their ballots to politi- col beggars, and political trimmors, till the inw- malking pover found in Legislativo halls, has become but a foul nest from whick aro hatched all manuor of viperous, ulcerous ensotmonts.— Lincoln Statesman, ‘—Our professional politicisns should. romom- ber that the producers svo the porsons who fur- nish the means for the fortuuesof all other mon ; and that thoy canunot oppross or rob the agricuitural interests without disturbing tho ‘prosperity of the wholo country, But, if thoy tako no liced to the warnings which bavo been pressed’ upon thom 8o forvently of lato, the; may rest assurad that the day of their triumph ia ot _an ond, and that thase whom thoy have helped to oppross will nsgert their rights to the Iullost extont.~DBloominglon Anli-Monopolist, —Did tho poople,—and by thoss we mean the yotars, tho ronl sovercigns of tho country,— Lnow but the tenth part of the infamous prac- tices of their politicul agents, aud could they kuow the millicns_they havp beon compollod to {my, by their hard, unroquited toil, hecanso of heee logislutive mouatrosities, they wonld await the coming of olection-days at which theso wrong-doors could bo ofeoted with greater im- .paticnce than evor clection-day was looked for- ward to siuce the 4th ot July, 1776.—Salem In- dustrial Advocate. —Tle despotiem of Kings over subjeots, which as a nation ‘wo ropudiatad & century sluco, is nothing in comparison to the despotiem of Ciip- ital over Lubor, - Labor to-day groans in hope- Iess bondage, alike in the coal-mine, the forgo, tho mill, and tho workshop. It wnstos existeuco in & furflo effort to escape poverty and_elevate itself in tho scale of hoing. 8o long ns Labor is dopondent on'Capital for omployment and bread, 80 long will it be & holploss elave, bound in the fottora of its necossities, , . . Workingmen, one word in_couolusion, Why will you be led, when you can command?—Chicago Working- men’s Advacate, —Our Congressmen had botter not lot tho “yvecd of gain® blind tholr porcoption to the condition of the producing and laboring classes, while they hieed tho domands of tho rich, Buoh & courso means that they cau this full sing a song of “Tarowell, Brothor Couley,” because the producing and Iaboring classes are not, tho cou= 1lding dupes thoy weron ycar or o ago, but thoy moan to put into oporation that first 1nw of naturo, which is the lww of self-preservation, and onforce their domands through thoir choacn. sorvants, who will uot betray thom, but will, at &1l times, maintain their truo intercst aguinst the oncronchmonts of those who' would opproas them.—Ford County Journal. —The frauds of the prosont Adminfstration are,not only astounding, but appalling, and im- mediato roform is imporativoly demandod. Not a day but what most startling frauds are oxposed In tho Civil Bervice, and economy aud Lioneaty must soon bo the rule aud not tho exception, Tho people ara being cducated, and they will not foraver romain silunt aud staud persistently sloof; but the time is drawing nigh when thoy will domand a chaoge, and not only* domand it, but will bave it—peaceably 1f it can be, forcibly it it must, We would not advocate Revolution— far be it from us; but we aro fully convinced that the people will Ly Reform, and that epoodily, and at all huzards,—Freeport Bulletin, —What is foroshadowod but the downfall of Grantiem, dobauchery, and political corruption, when_such mon s Senator Curpenter, who is President of tho Sonate, and Dawes, Chnlrman of the Ways oud Means Committee, arraign the Adminfatration for meddling with the ballot-box, and xonklenfi{ squandering the people’s monoy.. Truly, the day of retribution is noar at hand. o+« 'Thon lot tho groat movement inaugurat~ ed by the yuomn? of tho West and South preas nobly forward, and the prizo will be theirs,~Sul- Hvan Progress, " —The uttor domoralizatlon of ‘the ‘rlrtyln owor is shown by those Banborn and Jayne rauds. 1t oortainly has boen woll known that gross frauds wero belug perpotrsted, and yet until recently no offort bas beon madae to Bift them to tho bottom, The plau hias beeu heroto: fore to got up n whitowasling committes, and ot thom ' to work, nominally to inyostigate, but roally to cover up the real tranasotion,” ‘Tue day of veckoning caunot be far oft, ‘Ths people axa o4 laad axoused,~~Galena Indusirial Pras. STATE TAXES. Oan the Land-Tax, for S_tuta' Purposes, Be Repealed P What Would Follow the Repenl of All Fax- ation, by Valnation, for State Purposos, . The ' Present Cost of Oollectinu State Taxes 20 Por Cent. Undor the Constitution, a Tax by Licenses, and on (Uross Receipts, Would Prodace Abundant Rovente, and Cost bub 1 Fer Cont for Collection. Mr. Aloxander Btaroe is a momber of the Iii- nols Banate, Ho has beon consplouous in tho politieal history of tho Btsto for twenty-fivo yoars, and, belng o man of intelligenco and por« sonal intogrity, ought to have some woight In the Logislaturo, Mr. Slarne has the misfortuno not to bo o Ropublican, and consequently the mafority aro ot u the least influenced by what homaydo or ssy. Mr. Btmmo has, howover, spocally notifled the Tepublican majority of the Legislaturo thot, whilo thoy aro tinkering away ab tho abortivo Rovonuo law, thors is & party organizing in tho Biato to abolish all taxes on laud and proporty for Btato purposes, Ho might have addod to'his warning that that party doss not intond to relax ita offorts until that tax is abolisbed, * Ihera are TWO QUESTIONS only involved in this mattor: 1. As to thopows or. 2. As to the suflicionoy of tho means loft to provido tho nocessary revenuefor Btato purposos, ‘The firat of theso questions is diutinctly ane swored by tho Conatitution, Tho Rovenuo artl- cle provides two modes of providing Stato rovo- nue. Thoso ara:1, By liconscs on various enumerated trados sud occupations, and by spe- olnl taxes upon corpprations and otliers enjoying or using spocisl franchises. 2. Bya tax on prop- erty, according to valuation. This olauso is, howovor, limited to tho rafsing of such rovenua aa tho Btate may noed in addition to what 1t may otherwio receivo, Tho clause ronda: “The Qenoral Assembly eball provide such revenu® ns mny bo needtul, by levying a tax by valuation,” ate, Tho opponouts of all roform contond thint tho tax ou land caunot bo abolishod, becsusoe tho - Constitution says that tho' Logisiature * shall" provido rovonue by a tax on proporty by valua- tion. Tho Stato of Illinois is now in receipt of Lialf a million of dollars of revonuo a year from tho Illinols Central Rallrond ; if in addition to that it was in recelpt of other sums, aggrogating more rovonuo than thoe Stato neoded for all purposes, fa {t possiblo that tho Logislature must continue to raise rovenus by valustion from real and porsonal proporty? Tho Conetitation deolares, in various ways, that the amount of revenuo to bo rzised i any year sball not oxcood tho appropriations mads by tho Loglslature; and the Rovenuo atticle provides that tho reventio to bo raised by tax on proporty shall not oxceod what may be nocessary, with the othior revenue of the State, to meot the amount authorized to bo exponded. If the State have sufficient revenue, without tho valuation tax, thon the Logislaturo hae 710 authority to ‘diroct suchtax. To arguo othurwiso would bo to in- siat that the peoplo wera Lo be taxoa whon thoro WaB no necessity for it, for fear that they might forgot tho ploasant process, To insist that the tox canuot bo abolisked or omitted when tho +State does not need tho revenuo, is an absurdity which rofutes itselt, It is on a par with Matt Gurpontor's loglo, that o membor of Congres could uot rofuse tho-bock pay, because the Cone stitution ways ho *‘shall roceivo" the compousn~ tion fixed by law. “is Constitution provides that the Btato may tax ** peddlors, suctionwers, biokors, buwkors, .morchants, commssion merchauts, shqwmen, innkeepors, grocery-keopers, liquor-dealors, toll- bridges, ferrios, insurance, lelograph and oxe press lntorests or business, venders of patonts, .and persons or corporations owning or using finnchises and priviloges, in such ‘manner as it slsil, from time to thue, direct by general ln\v‘ ;xdntuun 08 to tho class upon which Fv operaten.” 'his. FOWER IS AMTLE to covér tho whole schotioe of taxation nnder this cluuso, hovetofore sketehod 1n theso gl . umng. Tho question of powor boing tuus dise posed of, the naxt question Is that of the suf- tleienoy of the rovenuc {f the tax by valustion be abolished, Wo have heretoforo publishod s fmportoct ostimato of the revonue that might vo axpeotad from tho aystem of licousos on_ busl- ness avoosvions in tbis State. That eatimsto was moderate, both in respect to the number of persous to be taxed and tho rate. Incrensing this estimato 25 per cont, it will yield sunu- ally 1,200,000 from liccusos alone. Tho eutire revonuo authorized tobe raised in 1874 is 82,600,000, of wuich 81,000,000 is for school pur- poses. ‘Phat cstimuto did not inoludo sny tax oo tho grossracoipta of railway companies, horto- railway companics, 6Xpioss COMPAlICH. GAS conle punios, frelght aud trausportation companics, tolograph und insurance compunies, nor upon the groxs salos of muuufacturcrs (porsons axd companies), nor of tho tux upon tao buswess of bouks, ssvings banks, and othor similar jublitutions dolug ' busis poss undor special churters. Tho troublo is not whethor theso various sources would yicld suflicient rovonuo, but what would boe done with tho rovenue, which would excosd four-fold what the State would nood. ‘YLt dificulty can, bows aver, ko onsily overcome by dwstributing to tho sovaral conntios tha oxcoss to be crodited on the aggessment for locul tuxoes, Let ua sce . WIlO PAYS TN TAXES NOw? 1If any man were to propose to tax the soed in tho ground, or tho growing crop, he would bo denounced ns & madman; yet, practically, that is the kind of property which pays four-ifibs of tho taxes of this Stato. Tho differonco in prins aiplo botwoon taxing the corn on tho stalk, an taxing the ssmo corn in the crib caunot by dee fined ; both are property, both bavo sn ascers taiuable valuo. Both aro the product of labor. The tax on Lo land, on tho plow, on the reaperera ke the tax on tue-giowing corn ana the corn in the orlb, They nte taxes on production, Tho inoxorablo law of valuation taxcs tho domesiio cattle on tho farm, and noxt youy taxos tho in- araglo of tho cattle, and thus production fs tuxed from your to year, the tax growing with the iu- crenso of product. o have euid in provious arc- ticlos that tho faireat tax Is that ou Iucomes. Buch a tax beivg linpousible, tho next fairest i3 thae which LEAVES PRODUCTION FRER and untrammnolod, wud whicl luoks us exclusive- lvas maybo to'tho various sgoncios by which produets “are transforred from tho producer to tho cousumor for ncoded publlo rovenuo, 'Ihis conrsg s tho more udvisalilo booause, if fully carried our, it would disponse with au army ot tax-ollicers, aud would save to the Stute tho dif~ “{fm?nboél‘:mm 1 and 20 por cout in tho cout of collect; o ravenne. ‘Tho Audltor has lovied s vato of tax for 1815, on tho assossed proporty of the State, to pro duce 84,819,807, Lot ua sco frowm whom, uuder the law, this amount of -rovenuo hos to cowe s Tho ronl valuo of tho taxablo taugiule property of this Stato la about $3,660,000,000. TTie consnis roport placod it, four yoars ago, ut $2,125,000,000, and the Auditor, st thio boginuing of 1873, put it at ©3,000,000,000, Followiug (he rule in sucn cases, , tho value 0f tho real and porsonal proporty in & community liko ours ia wbout cqual. Tho s wossod valuation io Ilfiuols, of reul and personal proparty, however unfalr in localitios, will avers ago 00 por cont of the real valuation, The ase pesument showa the property found by tho Ase sessor to bos ‘VALUATION AT 60 PER . Lands, yalued ul 8,410,807 Town sud aity | 1100, Rallroad lands. 201, 6,124,600 reend 007,000,200 ‘Forsons! proper; 247,203,600 Itallroad vinonn 1,636,004 Rallroad ' tru 80,317,409 ‘Total porsonal Propertyeesssrseessesd 845,163,911 $1,250,108,884 It wo add 40 cent to the ansessod value 01 She Jands aud wud the sume 10 Lhs perwond ks 1 ] ¢ { 1 i § : H ¥ \