Press enter after choosing selection

A Few Figures In Taxation

A Few Figures In Taxation image
Parent Issue
Day
19
Month
May
Year
1891
Copyright
Public Domain
OCR Text

The annual expenditures of the United States are at present in round numbers $450,000,000. The annual expenditures for the next two years will be above $500,000,000. So graeually has this enormous expenditure grown that the people have become insensible to its magnitude. Something of the latter may be comprehended by comparison. The United States is the greatest wheat-producing country in the world. It is the greatest oats-producing country in the world. The value of last year's wheat erop was $334,000,000; the oats erop, $222,000,000. It will nearly take the entire.crop of wheat and oats in this country to pay the next year's expenses of the government. There is in this country an annual product of gold of $33,000,000; oi silver $61,000,000; of copper, $33,000,000; of iron, $107,000,000; of coal, $191,000,000; of petroleum, 124,000,000; of lead, $15,000,000. All the gold, silver, copper, iron, coal, petroleum and lead produced in this country last year could not pay the expenses of the government for the same length of time. All the cotton, all the wool or all the rye, barley, wine, potatoes and tobáceo produced in this country in a year could not do it. The national banks of this country have a combined capitalization of $599,000,000. One year's expenses of the government would all but swallow up this sum. These are figures on government taxation alone. Add to this city, county and state taxation, and something of the enormity of the burden may be comprehended. The United States has no great standing army, no government railroads, no immense navy, no profli. gate court of kings and princes. Yet its annual expenditures are greater than those of Austria or the Germán empire, greater than Great Britain and Ireland, greater than British India and China, as great as those of the Russian empire. The revenue of this enormous expenditure it acquired in but one way, by taxation, by levy in one form or another, mainly in an indirect form, on the substances of the people. There is here some mental pabulum not unworthy of digestión. - Washington Post, edited by a republican ex-postmaster general.