The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1845-12-23

|understand the import Of his remarks, il was,
that he perferred the effects which . depre-
citation Of State stocks would produce, even
though it broke down the State Banks, than
TO see the destruction which the majority
wish to create, by taxing all the various in
terests in the State, and excepting the brok-
ers. This is about the substance, if not the
words, of the Senator from Defiance. He
has certainly shocked the nerves Of certain
gentlemen, they were SO very sensitive upon
the subject of banks and bankers. Mr.. +.
said he heard nothing but what he was will
ing 10 endorse, giving a fair construction 10
all that was said. He said he was in favor
Of some more equal system of taxation, but
he would never vote for one that was partial,
particularly to class that possessed advan-
iages over all others, in the accumulation ot
wealth. He said he wished TO see the bill
which The resolution contemplates, presented
in detail. lie would vote, however, for the
amendment Of the Senator from Clermoni,
(Mr. Uuer.) II declared correct principle,
and one without which no tax law would
receive bis vote--placing all upon an equali-
| ~ in bearing the public expenses.
Mr. Welch moved to amend the amend.
ment, by inserting, after the word Staie,'
the words, +" after deducting the debts owed
by said banks"
Mr.. Edgerton wished to know the differ.
ence between the loans Of banks and the
debts of banks. According TO the gentle.
mans proposition, oil that they had, they
owed; and If you deduct the amount they
owe, you deduct all they possess.
Nj. Utter said, that he intended, in offer
ing bis amendment, nothing less than that
bankers should be taxed as other individuals
that was all he had in view. P
The yeas and nays were then taken upon
the amendment 10 the amendment, and re-
sulied-yeas 10, nays Is, as follows:
YEAS-Messrs. Anderson Bean, Codding,
Coombs, Cox, Eckley, Croft, Hastings, Kel-
ley, Madeira, Martin of Fayette, Overall,
O'Neal, Osborn, Powell, Quinby, Welch,
Weimore, and Speaker-l9. ii
NAYS--Messrs. Edgerton, Ewing, Godd-
ard, Harte, Jones, King, Koch, Mackall,
Martin of Columbiana, Newman, Perkins,
Thornhill, Utter, Warner, and WCod-l5.
So the amendment 10 the amendment was
carried. 20 o. < n I--p7
Mr.. Perkins spoke at some length, in
which he charged that the democratic party.
were opposed TO all banks. He said that the
Indebtedness Of the state was good founda.
lion for banking, and instanced the bank Of
England, which was founded upon the debt Of
that government.
Mr.. Edgerton said that some Of the demo.
cratic party were opposed to banks, and that
he was one Of that number, that the whig
party had conferred upon the banks immuni-
ties and privileges which were unequal and
unjust, that wherever this question had been
freely discussed and fairly understood by The
people, the democratic party had triumphed
The Senate from Lake (Mr. Perkins) has
read the opinions of some democratic bank
commissioners. lido not subscribe to those
opinions. There may be some in the demo
cratic party who are in favor of Banking in
situtions-but am not one of them. The
opinions Of Jo. Lake, or of any other Demo
cratic Bank Commissioner, be he connected
with the Bank of Wooster, the Clinton Bank
of Columbus, or any other galvanized con-
cern, are not mine, and only merit my con-
tempt.
The reference to the Bank Of England, by
The Senator from Lake, he thought to be any
thing but republican; and TO fix upon us a
system like that, whose whole history had
been one of con,ractions and conyulsions,
was most anti-American and dangerous.
Mr.. Utter said that the amendment 10 his
resolution had made it SO contrary 10 what
he wished to express, and SO ridiculous, that
he should vote against it.
Mr.. King moved to lay the resolution end
amendment on the table; which was lost.
The question was then taken upon the
amendment of Mr.. Utter as amended, and
lost.
The question then being on the adoption
of the resolution as amended, was taken
and carried--yeas ~, nays l3.
The preamble was then agreed 10.