The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1846-10-10

w VI No lHClC y of CuSbt ooo
Librarian increased 100
Attorney general, new officer
to explain the Tax Law 1900
Three commissioners to exam
inc Acts of Board of Public
Works, estimated by Audi
tor of State at 1900
Incidental expenses OF Fund
Commissioners, 1926
Physician to Penltentiary, IS
Supreme Judges salary in
creased 500
President Judge Of Court of
Common Pleas, 17o
Total increase of salaries, S15,839
They paid Fifteen Thousand Dollars
for stone quarry from which to procure
stone to build the New State House,
when they could have got better one
for half the price. They have involv-
ed the Penitentiary, which has hither
to not only paid its own expenses, but
yielded revenue to the State, in debt
SO deeply that it is unable to pay ii
small bill for beef or common necesSa-
ries for the prisoners. These are some
Of the Federal acts which required the
passage of the tax law, and an increase
Of taxation.
These things cannot be disputed, and
to hide them from the eyes of the peo-
ple, Auditor Woods, instead of attend
inc to the duties of Ills Office. and regu
Iating the finances Of the State, is go
ing round the country attempting to
blind the pe ople to the true condition
of our State, land endeavoring to make
them believe that the federal party can
increase the expenses of government.
without increasing their taxes. Tho
Auditor Woods may deceive himself,
he cannot deceive the people with such
startling facts before their eyes.
How are the Banks taxed? Do they
paw taxes on the full value Of their in
vestmenl9 No. DO they pay on one
half of the value of their stock? No.
B, the law which creates them, they
pay taxesof per cent. on their profits
only. When the iederalists last win
ter enacted their tax law, the demo-
Gratis wished to put the Banks on the
same footing with the farmers-wlsh-
/. ed to have them taxed upon the full
value of their stock. But the federal
lists refused. stating that they were tax
ed by their charter, and the legislature
i. could not change the mode of taxation.
, They thus acknowledge that they
would tax them if they had the power
A short time afterwards their sincerity
, was tested. The law relating to the
/ banking powers of the Ohio Life lnsur.
9 ance and Trus, Company, and the La
!, fayette Bank of Cincinnati, was before
e the Senate. Mr.. Ewing moved tc
r amend the bill as follows: "ProUidet
K that the capital stock of said Bank
= shall be taned in the same manner a
d cdpital in trade or other business, ac
d cording 10 the la,ps Of Ohio" Th'
d direct vote on this question was cut OF
is by the previous question. See Senat
I. Journal, 1855, page 336.
" The question subsequently came u
in regard to the Lafayette Bank Of Gin
IS cinnati alone. And what was the re
" suit? MIR. Ewing moved the follow
le ing amendment; "Provided. that II
v, stead of tax on profits, the Gener;
a. Assembly of the State Of Ohio, sha
= have power to tax the capital OF sal
Y. Bank. in the same manner that stoc
IT in trade is taxed by the laws of tn
ar State." On this question the yeas an
r. nays were demanded, and resulted
is follows: G ).
lie YEAs--Messrs. Edgerton, Ewin
I IIarte, Jones, King, Koch, Macka
:. Martin ofColumbiana, Newman, Rel
If Thornhlll, Utter, Warner, and Woe
nj --l4. N IS ,fl a93 ,
NJ .NAYs-Messrs. Anderson, Bea
"a. Coddlng, Coombs, Cox, Goddard, Gro
= Kelley, Medeira, Martin of Fayet,
O'Ferral, O'Neal, Osborn, Perkn
q Powell, Quinby, Welch, Wetmore al