The case is entirely different from what it would be if a given sum was required to be raised. for then the rate of taxation would increase or diminish just in proportion to the increase or diminution of the value of the property to be taxed. That is not all. not only will the taxpayers in other parts of the United States be required to contribute of their property to make good any deficiency here. but if you carry out the scheme in effect proposed by the bill of the committee. while you are putting this additional burden upon the citizens of the States you ax at the same time taking away froni them a portion of the property out of which they will have to collect this sum of money. By exempting the moneys. credits. and investments of the capitalists of this District from taxation. you invite immigration into the District from the States. and every time that a man worth one million or two millions of dollars leaves my county or yours and comes into this District he lessens the amount of taxable property in that county just so much. and thereby increases to that extent the tax upon the remaining property in that county. Therefore this thing affects us in more ways than one. But let us look for a few moments at some of the provisions of the bill of the committee. and see what kind of justice the majority of this committee propose to deal out to the people of this District. [Here the hammer fell.]
Keywords matched
immigration