Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1846-09-25

per acre, but shyulibe Cyusldereia ~ really worth
Ten dollars per acre, 50 that man who ha, slO,-
900 worth Of land would b. set IN the lst at S..
90. Now, II all his taxes amounted to sixteen
mills on the dollar, which Is about the average Of
taxes Tor the last few years, he would pay a tax
Of iouy-eighi dollars on capital Of 10000
But, II his neighbor had the same amount Of cap.
ital invested in bank stock, which afforded him a
profit Of ten per cent, he would pay a tax Of
sixty dollars, one-hith more than il paid on the
landed properly.
Under the new system Of taxation, the SO.
600 worth Of land will be set inthe list at the u
amount. But, then, should the grand list Of tax
able properly in the STATE, which in l845 amour.
ted to sl44,OO0,OOO, be swelled By the cash val.
uation to S576 900, 900, and il will probably not
TALL much shon Of il, the amount Of taxable pro.
perry would BE- four.folded, and Of course to raise
the same amount Of money by taxes as before,
would require on assessment Of four mills on the
dollar Now while the banker continued to pay
his sixty dollars on his capital Of $4,000, the
andholder will pay but forty dollars, or two.
thirds as much on his $4,000 in land. These
calculations cannot be far from correct, and yet
they do notlooklike exempting bankers from TAX
alton. Another fact is prOvdd by the estimates,
mat landed property, although set in the list al It's
iull value, will not pay as great proportion of
the taxes as il did under the old valuation"
In all the calculations and illustrations Of this
learned committee, either ignoranty o. wilmlly,
they assume the false ground that land has been
taxed at its full value. Instead Of that, every
farmer in the country knows that his farm altho'
worth ten dollars per acre has been valued at not
more than $500 per acre. But slime upon line,
and Precept upon precept," do not prevent the
misrepresentation Of Locofoco demagogues.
Equally false are the statements in reference
to the state debt. Take one instance; the com.
miuee say the expenses Of carrying on the gov.
cmment this year, "will be increased nearly Two
millions beyond that Of previous years, in con.
sequence of large appropriations made t,he last
session Of the legislature TO ERECT A NEW STATE
HoUsE,-by the increase of the officers salaries,
and by the additional expenses incurred by car
rying into operation the present tax law" AP.
PROPRIATIoNs made at the last session to erect a
NEW STATE HoUsEl Now is it not TOO bad that
men, Jealous of their honor and reputation as
these men ought to be, will wilfully and delber.
ately publish such a statement. Is il not
known TO the author Of this address, TO the whole
committee, that there was not a single dollar ap.
propriatcd by the last legislature to erect new
state house beyond the ''sURPLUs LABOR AND NET
PROFITS OF THE Ono PENITENTIARY." Ifthey
are ignorant of the fact, they are still inexcusa.
bic for making any statement in reference to it
without first asccraining whether it were
true or false.
Not less unjust are the rest of their remarks in
reference to the increase of the state debt But
has been so often shown from official reports
that the extravaganza, peculation and frauds Of
Locoioco favorites on the public works, in the
public printing, and other places of trust, have
been chiefly instrumental in augmenting the debt
of the state to its present enormous sum, that it is
not necessary to repeat them at the present time.
The committees structures upon "Whig fnan-
ciering" and "the effects of the present law"
merits notice; but we have already taken up
more space in our remarks than We Intended or
are, perhaps, justifable in doing. Wewill, there.
fore, dismiss the address with the remark that
''the effects of the present tax law" have already
been so far demonstrated in equaIizng the bur-
thens of taxation, and diminishing them with
those who have heretofore been the principal suf-
fcrers, that all the msstaements, and cobweb the
oc IL n ~ ~
fail to convince an honest tax payer that the law
is framed on any other, than principles of equai-
ty and Justice.