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Show oo NEW YORK'S INCREASING TAX. The measure now ponding beforo the state legislature v.hlch seeks to Increase the number of sources of In-diroct In-diroct revenue by imposing a tax upon up-on foreign securities hold in tho stato should be overwhelmingly defeated. The- experiment ot Indirect taxation in this state has" worked baUly; It has promoted extravagance and successfully success-fully Invited tho upTJulldlng or art enormous debt: It has blinded the'clll-zens the'clll-zens temporarily to 'tho extent to which they would ultimately be committed com-mitted to unwiso and gigantic expenditure expen-diture Tho effort to keep tho finaucial lodger lod-ger for the slate' balanced for a year or two more by the Imposition of additional ad-ditional indirect taxes Is unwise and a. demonstration of poor political judgment. judg-ment. Thore has beon enough of "sky-hooting" "sky-hooting" in extravagant appropriations. appropria-tions. The true solution or existing difficulties diffi-culties and future embarrassments lies in the Imposition of a direct tax. As this rises or falls from year to year the taxpayers will hae Instant evidence of the character of the administration. ad-ministration. Thoy wijl also bo able to act Intelllgehtly upon all subsequent subse-quent proposals to expand tho state dobt, jjinoe they will be abje to estimate esti-mate atr once what" further hiirdun it will la"JJ upon thorn. ' ' 'Thc!jtfmG has c6mo for the peppc. of- thin s"tate t!o abanidba the jjpllcy 'pf po4rpbnjng .the nyont of their Mge dobt "by' temporary - expedients and settle down to squaring the accounts that they have blindly permitted tg run up to nearly $200,000,000. New York Sun. hn |