Message of the Executive to the General Assembly of Maryland : January Session, 1853 1853
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If the father contracts a debt for the permanent improvement of his valuable estate, surely the heir, who reaps the advantage, should not complain of the tem- porary incumbrance. Besides, who are they of this generation, who suffer the most essential loss from the oppressive taxation, which weighs so heavily upon the industry of the State ? They are the thousands of youths, especially in the rural districts, whose School-hours are measured by the resources of their parents. The legacy of a mana...geable debt is less to be feared by the next generation, than a legacy of ignorance. In a land where plenty abounds, the former may be easily redeemed ; whereas, the latter jeopardizes the well-being of Society and the existence of the Government itself.
Calculations have also been made to show^ the losses which will be sustained by the payments of interest, should the liquida- tion of the Public Debt be protracted, by a reduction of the taxes. But, it has not been remarked, in this connection, that those payments will be spread over a succession of years, and will be made by successive tax-payers, occasioning severe oppres- sion to none.
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To quickly assess the difficulty of the text, read a short excerpt:
If the father contracts a debt for the permanent improvement of his valuable estate, surely the heir, who reaps the advantage, should not complain of the tem- porary incumbrance. Besides, who are they of this generation, who suffer the most essential loss from the oppressive taxation, which weighs so heavily upon the industry of the State ? They are the thousands of youths, especially in the rural districts, whose School-hours are measured by the resources of their parents. The legacy of a mana...geable debt is less to be feared by the next generation, than a legacy of ignorance. In a land where plenty abounds, the former may be easily redeemed ; whereas, the latter jeopardizes the well-being of Society and the existence of the Government itself.
Calculations have also been made to show^ the losses which will be sustained by the payments of interest, should the liquida- tion of the Public Debt be protracted, by a reduction of the taxes. But, it has not been remarked, in this connection, that those payments will be spread over a succession of years, and will be made by successive tax-payers, occasioning severe oppres- sion to none.
What to read after Message of the Executive to the General Assembly of Maryland : January Session, 1853 1853?
You can find similar books in the "Read Also" column, or choose other free books by Maryland. General Assembly to read onlineMoreLess
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