The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1846-09-10
Morrison ns. Waite.

Morrison Ess Waite,
This gentleman, the federal candidate for Con.
gfess in this district ad dressed the inner walls OF
ihc Court house, accompanied by seven living
wings, twoof whom deny all connexion. with
that party, and some fifteen or twenty Democrats,
on the 9th of this month.
Now we make this announcement, merely TO
point out two or three errors into which Mr. Wait
fell, we suppose merely Though his over credu-
iity in takag for true the assersions of the 1ema
gogue Bebb, and not examining for himself, for be
il remembered that we regard Mr.. White as too
much of gentleman to lie @ilfully, his sin con-
siss in not knowing the leaders Of his party better
thanto take theirword fof truth. BUT to the Ell.
rers. Mr.. WHIT asserted. That Under the federal
Banking Law of l845 There must be thirty
shres and third per cent Of the entire cireulas
lon Of the Banksin gold and silver in The vaults.
5he Rfty. fifth sectah Of the banking law pro.
yides that "each banking company, shall, at all
times, have on hand, in gold and silver coin or
their equiralent, one half at least Of which shall
bein gold and silver coin IN lis vault, an amount
sauuI to at least thirty per contum Of the amount
of its cut standing notes Of circulation"
Thelatter clause Of the sume section provides
that ~actusl depositea with any solvent bank or
bankerof established credit in the cities of New
York, Boston, Philadelphia, or Baltimore, subject
TO bedrawn.aganst be at sight, payable in gold and
silver coin, shnll be deemed equivalent to gold
and silver.ccin, whenever these terms are used in
this nct''
70
From thisitis evident that the law cannot be
strained even by the supple conscience Of bank
Attorney. to require any more than fifteen cents
in money for every hundred Gents Of circulation.
This one then is disposed Of
Mistake number twois Ibis. Mr. Wuite stated
that Mr.. Hart, d 4ycofoeo Senator Of the Perry
District last winter when the tax law was uuder
discussion in the Senate, objected to taxing banks
as other.capital was thxed and assigned for cause
that-the Banks paid more as al present taxed than
iftaxed as other capital, dnd that ho was opposed
10 banks and therefore In favor Of making them
pay as much tax us possible==that the State now
had,them in for the payment of more tax than the
People and he was for holding them to sher con-
tract. This fa!sehood was promulgated in this
region by Bebb,Irom whom NJ. Woite Of course
iearnedit But unfortunately for it's effect here
.he reputation Of itby Mr.. Hart himself through
the Defiance Democrat, arrived here about two
hours before Mr.. Waite made the aesersion We
shall publish in ournext the letter Of Mr. Harte to
Mr.. Palmet, which will put this falsehood at res,
forever. si5sse
The abovc areihut small sample ofthe blpnders
which characterized the entire speech. Tbepre.
willing feeling in the audience seemed to be pit,
for Mr.. Waite. for il was evident that he was 1
green one, who had not learned his trade. He il
certainly out ofhis eleme mt when his undertakes tc
enlghten the sovereignson the subjectofp politics
any one Of thstweniy who came to hear himwonld
DO ashamed OF the blunders made by Mr. Waitc.
E fSt qtGE~S "
The Cleveland Herald says: = II can see nj
good reason why Bank stocks should not be
faxed as othercnpitals taxed, und Aapes permis-
sion may be obtained of the banks to tax them!
Now this is the serious asowal Of the real dogmas
of the federal party. twill be hard of course to
make that great Tax payer hepeopIe, believe
that any partyshas had lthe .sudaeity to seques-
traie millisns Of capital from the tax duplicate
and place il atteTly beyondshe reach Of the Tax
gatherer, or the power Of the people to impose
upon 1t its equitable portion .ot taxation. Yet
suchis the fact, and Mr.. Wait1n his speech here
on the 9th, took great praise to his party friends
in the last Legislature for having asked os tho
Banks that permsssion! Which by the way the
shylocks were shrewd enough not to grant
This capital has been Withdrawn from the indus,