Copy of the Veto Sent to the Councils
Copy of the Veto Sent to the Councils
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— Arithmetic and the English language can work out and state no other conclusion than that. It is quite easy to indulge in refined theories and fanciful speculations, and however amusing they may all be in the abstract yet they will all be smashed up by the hard and irre- sistible logic of a tax-gather of some kind.
Should the proposed building involve a debt of $50, 000, and it will, under the proposed contract, cost you more than that, no plan can be devised for its extinguishment that will p...revent an additional cost of $20, 000 for interest. And I here only assume tliat the average time, when the interest wdll be running upon the whole debt, will not exceed six years. I presume that no prudent or experienced person would allow himself to anticipate an earlier extinguishment than that. Then your Market House will have cost you $70, 000.
Now the question is this — do you think, gentlemen, that the people of this town would consent to have a direct tax imposed upon them for six years to build a :Market House to cost $ 7(), ()()0 — do you think that tliey would submit to it, for a single moment 1 Yet that is substantially and truly the identical measure to which I now, after mature deliberation, most respect- fully decline to give my approval.
What to read after Copy of the Veto Sent to the Councils?
You can find similar books in the "Read Also" column, or choose other free books by Dc Mayor Georgetown to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
— Arithmetic and the English language can work out and state no other conclusion than that. It is quite easy to indulge in refined theories and fanciful speculations, and however amusing they may all be in the abstract yet they will all be smashed up by the hard and irre- sistible logic of a tax-gather of some kind.
Should the proposed building involve a debt of $50, 000, and it will, under the proposed contract, cost you more than that, no plan can be devised for its extinguishment that will p...revent an additional cost of $20, 000 for interest. And I here only assume tliat the average time, when the interest wdll be running upon the whole debt, will not exceed six years. I presume that no prudent or experienced person would allow himself to anticipate an earlier extinguishment than that. Then your Market House will have cost you $70, 000.
Now the question is this — do you think, gentlemen, that the people of this town would consent to have a direct tax imposed upon them for six years to build a :Market House to cost $ 7(), ()()0 — do you think that tliey would submit to it, for a single moment 1 Yet that is substantially and truly the identical measure to which I now, after mature deliberation, most respect- fully decline to give my approval.
What to read after Copy of the Veto Sent to the Councils?
You can find similar books in the "Read Also" column, or choose other free books by Dc Mayor Georgetown to read onlineMoreLess
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