Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1846-09-16

but true to their own interests. But let
them compromise their rights in this respect
let them for once yield the right to one
class of community to be taxed less and
differently from the rest-let them but say
that there is, and of right should be, a
privileged aristocracy in our midst-a set
| of men who are bleeding the producers of
the State at every vein-and talk no longer
of your freedom and equality. They are
but empty words, void Of significance.
By this Tax Lew, the banker is taxed
upon his net profits only, and should the
banks for the coming year make no profits,
then will they pay no tax and as conse-
quence the people will be compelled to
make up the deficiency caused by not tax
ing many millions Of dollars upon the same
principle as capital otherwise invested; for
it matters not whether the investment of
the farmer, the mechanic. the merchant,
and others in the State be profitable or not,
F. the tax from them must come. And still,
in the eyes of these whig leaders this dis.
tinction which is made between the bank
ers and other persons is all right, all just!
But, ought banks to be taxed as other
kinds of property? The Cleveland Her
/. aid, one of the leading whig papers in the
State, makes the following admission
1t may be regarded Us conceding the
fact, notwithstanding the efforts Of the con
tributor and editor of the Star to show
the contrary, that banks do not pay OF
, equal tax with other property Read it:
"For ourse!f, tue kno,o Of no good am
h valid reason ,uhy bank stock should not 6
=" .' on the iar list, and be assessed as any ott
er kind of property. And we trust tina
IL when the Legislature again meets, tn
several banks in this State will consent ths
- their stock shall be taxed as persona
10 property is now taxed throughout tn
ie State"
rs A similar admission we find in an extr
e. of the Ohio Repository, containing anon
to other things "Mr. Griswold's views c
Ill State policy" This Hiram Griswold
50 one Of the leading wings in the State, whor
a. the whig Central Committee at Columbu
is have appointed to accompany Mr.. Bebb o
OF his electioneering tour through the State
IN The wings of Stark county, conscious {
le their inability to succeed in the comm
" contest have gotten up an "lndepender
ID Ticket" on which Mr.. Griswold, is tn
o. candidate for the State Senate. He say
ot II ,uould tar The banker's stock to The sam
ne ertent, by the same rule, and in the sam
~ manner as the property Of any other PEI
v son." Still the whig press can see no in
% Justice in taxing bankers stock to les
IT. extent, by different rule, and in q differ
1e ent manner from that of taxing the proper
IN ty of any individual.
IN The principle Of taxing banks upon thei
o. net profits only, while other property i
II taxed profit or no profit is manifes:ly wron
l. and none but the most servile tool Of a pal
~ ty welded to favoritism in Legislative er
le actments will pretend to deny it.
al 1t is for q repeal of a law making sue
is broad distinctions between the laboring pee
"a pie and the monopolists, stockholders an
y spectators, that the democracy througho'
y the whole State stand pledged. GRE
K PEAL" is inscribed upon our banners an
IS sounding along the line, and this last act {
n favoritisn will soon be expunged from til
y Statute book, to give place to one whic
ID shall operate alike upon all classes.