Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1844-02-09

Such having b"eD the position. then
occupied by membsrs Of that party whn
now deprecate banks, bank paper snd
back men. and every thing connected
with the subject oflhe currency. sub
ject in which the people feel more infer
es, than all other subjects that will como
under our action the present session.
Not only banks, but evsty other rorpo.
ration was treated in the same way by
The demGcrscV few years ago, On the
Senate journal page 476 FOR the session
Of 1898 4. while that body was consId /
ering bill 10 incorporate the Cincinnati
Hotel Company. Mr. Hitchcock moved
to ameud The bill by adding The follow.
ing: "l'hat nothing in This act contain f.
ed, shall ba 40 construed as 10 exempt
the individual prope rly OF the slocbhnid
9 ~ Of said corporation from liability tor
the debrs Of the corporation, but the
said stock holders shall be liable Tor those
debts, 10 proportion to the stock by them
respectively he'd to be sued for by The
creditor or creditors, in an action Of debt
or any other appropriate form of action,
| provided however, that the corporate
| funds shall be first exhausted, before
any action can be maintained against
the individual slockhoIdars Upon
which the question being iaken II was
decided 10 Inc negative, yeas IA, nays
l9. The honorable Senator from Ham.
llon voting IN the negative. In prl-
Vale matters OF this kind, the democracy
of that day, cou d not consent to make
lhem liable 10 their individual capacities,
a corporation Tor mere purposes oi ordi
nary bUslnes, nothing more nor less
than a partnership in :arern keeping.-
VIVA; counsel spreValIed then? Or what
lights did the democracy follow?
He presented these matters in no bad
, feeling towards the honorable Senator
from Hamilton, but only 10 show what
course he and his friends pursused in
their most palmy days. He presented
these matters 10 show what course thai
party then pursued, that cannot now
vote for any corporation whatever, un-
s less it contains that clause that was then
/, secuted from all charters an if poison tC
n their very existence. lie presented
o these facts 10 show that what is democ.
u racy now, was not then.
a But VS. are entreaed by the Senator
y from HamilOn, 10 oppose the extension
n or incorporation oil banks for other rea
e sons lie thinks there is danger il Thu
y bill should pass Of its raising The pr'c,
I OF our pork and wheat too high tor US t
l. sell 10 the eastern market, and def
'e clency in the tolls on our canals viii b
e The effect. He had yet to find tarme
,s ore producer Of any kind, that eve
' complained Of getting too much for bi
Q produce, and he would mol believe tn
J.: declaration serious il it had been mad
80 by any one other than Senator Bu
s, while the gentleman Iamenls so mucI
D. for fear Of deficiency 10 the revenue, le
rs him pause and reflect upon the cours
X his party has pursued and The etfrC
or their acts have had upon The tax oi III
d. State In 1889 we cole ecIed from bank
ok tax amounting TO hly nine lhoOsan
" eight hundred and forty dollars sever
* ty two cents, according TO The slaIomeI
furnished by the Autuor OF State
!, lS43 the amount collected from III
! same source Is less than eleven lhousan
% dollars, and It This bill should be Gsea
i'd ed, next year ii will be less than lhre
in thousand dollars; and the most OF II
,ei capital from which this tax was colIeC
ho ted, has been driven by our bank ref
NJ legislators from our Sla'e. How is II
deficiency TO be made upH By iucreat
ing the tax uPon our farms ard o'ht
= taxable property. This would be
'o' increase Of nearly one thousand dol
~ for each county Of lwehty thousand Po
ro' uIation. This amount Of nearly I'll
."N thousand dollars, is distracted from 4
lcl Common School fund, and the Audit
~" Of State 10 his annual report, recon
'ue mends that II be replaced by an lncrea
P"' of taxation on other property. Is
~" this alarming 10 tax payers, those
ucS have 10 bear the burlhen OF all impro'
Tue dent and foolish eglsIallon2 The
"e' when wo have the power 10 some e
Fn tent to remedy this evil, lot us unite a
mp pass this bill into law. and though
'e'' may not tighten the burthrn OF tho II
80 es very much, yet it will afford lii
uES currency for the people TO meet lh
'a'" Liabilities with. Lei us unite and rep
'ne that collection Of humbags that is in
OnS Statutes. called ldaOs TO regulate bonkn
up &c. laws that nobody understands d I
entirely imp GcficOble if they were
nile derslood Lst.us carry out the wisl
OF OF the people, and acl for the comU
Mr. interest Of a common country, and
ling for the serviIe wishes Of party.
Pro-
ha'' THEY GIVE 1T UP!
'c1 A correspondent Of the Summit I
Jun con. writing from this city, alleT