Colonial Records Volume 14 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1853 Excerpt: ... of taxes witU greater ease and facility, bills of credit to the amount of the aforesaid sim of one hundred and eighty-three thousand two hundred.-and thirty-two pounds be prepared and issued.."-."-. v Whether this mode of'"enabling" those who hiiflJit paiawill appear equitable to citizens who have paid their taxes in specie upon tha same assessments, and whether it be advis'ealJllta givesuch favor to delinquency, are matters that call for some auenti$a. How it can possibly add to the commerce, wealth, vr.osperity of the State, when all our products are at such high prices, and industry in raising them is sure of receiving adequate rewards, we are utterly uninformed? In what part of the world has such an operation ever produced such effects? This truth we are assured of, that it never Vol. xiv.--22. can "enable" the delinquents to pay their taxes, unlesa the paper comes depreciated into their hands, or they happen to be public creditors who receive it in the first instance. For, if it should continue on a par with gold and silver, how can they get more of it by their labor, or by their product., than they can of gold and silver at present. Can it, by any intrinsic energy, raise the real prices of labor or products? If it can, what a misfortune will it be for this State to have them raised within itself by means operating solely within itself, to prices disproportionate to the relative demands of commerce abroad? Whether, after recent experience, and while State money to the amount of upwards of one hundred and sixty thousand pounds already issued, and depreciated to two and a half for one, is still falling in price, though lands may be patented by it, and it is call ed for in taxes, and while such quantities of certificates are...