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. 1825 Excerpt: ...by a specie tax then due, and assessed some time previously, of 72,000/.; from sales of absentees' estates, 40,000/.; &c. By the measures adopted, and exertions made this year, the debt was lessened, without increasing the taxes beyond the amount required the preceding year. Loans, however, were resorted to; and ...
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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. 1825 Excerpt: ...by a specie tax then due, and assessed some time previously, of 72,000/.; from sales of absentees' estates, 40,000/.; &c. By the measures adopted, and exertions made this year, the debt was lessened, without increasing the taxes beyond the amount required the preceding year. Loans, however, were resorted to; and considerable sums were raised in this manner, by the solicitations of the agents of the State, and the friends of government. It was found, that it would be utterly impracticable to raise sufficient by direct taxes, to meet all the extraordinary demands of the State, and of Congress, to pay old debts, and defray the necessary expences which would arise in the year. And it was considered just, that those who would enjoy the great benefits expected from the revolutionary war, should be liable to pay a part of the price at which they were purchased. The disposition of the House of Representatives to maintain its peculiar rights and power, was manifested, at this session, in a manner which shewed that they would contend for their authority in an unimportant and doubtful case. The Senate chose a committee to enquire, whether the late returns of valuation were correct from all the towns. The House objected to the Senate in having originated the enquiry; and contended that it was a subject relating to money, and, according to the constitution, wtherefore, must originate in the House. The dispute was referred to the Judges of the Superior Court, who decided that it would be proper to have a joint committee on the subject, and that it could be of no importance in which branch of the legislature the enquiry or the appointment of a committee originated. In compliance with a recommendation of Congress, a tax of eleven millions of dollars was laid by Massachu...
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