The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1846-10-03

tec,;ne Tariff. SO called by its friends; {
but as James X. Polk and his, friends
in Congress killed the animal dead. t,
must say no more about II, but proceed
to speak Of the tax law of Ohio! And
what is it? can tell you it is real
shaver; this will prove to you beyond
cyntra dictlon: in the first place, the
law pretends to tax all the capital OF
the State both real and personal; next
il makes its exemptions and one OF
them is that of Bank Stock. You will
find in the Goth Sec. as follows: But
the provisions Of this section shall not
extend TO any banking or other joint
stock company, which now is, or may
hereafter be organized, whose charter
or act of incorporation shall have guar
antied to such company an exemption
from taxation, or has prescribed any
other as the exclusive mode Of taxing
the same. Now the banks created un-
der the memorable bank law Of l845
are of this class; their exclusive mode
of taxation is to pay six per ct. on their
profits, after all expenses are deducted
so that it is plain tina. the capital IN
stock is exempt. Now let us see how
the bankers tax will compare with the
, farmers. A puts one thousand dol
lars into bank stock for which he re-
ceives per ct. profits, which makes
. $50, at per ct. that will make $3.50
cts. b puts one thousand dollars INTO
. a farm on which he is taxed FIVE mills
:. to the dollar, according to whig cacu-
o lation is to be the per cent rate under
+ their new law; this will make B to pay
: five dollars on the same amount OF cap
~ ital. Is this equality? But there is
q another thing to be looked at, all ex-
q perienced persons know that they can't
;. make more than three per ct. on CAPT
:. tai invested in land, and if the one hall
i of the appraised value Of their land
i was stricken off for taratioa 1t would
" " n OF more than bring them down TO IA
l. level with the favored banker. But
- there is still another point to look at; II
:, the banker makes nothing he pays noth-
9 ing! But if the farmer makes nothing
l. he still has his tar 10 pay. Don't this
. look like whigery! Let us look at an
:. other exemption; all the beds, bedding
o and kitchen furniture with one hun
h dred dollars Of other property is exempt
=, to every one; and one cow, four hogs,
# ,t and eight sheep to those that don't pos
u ,e sess the $loo. This exempts multi
&c tudes of those that have heretofore
" borne part of the burden OF taxation.
y y Now let me make plain illustration OF
~ the case. A farmer has two horses
-, II heretofore he carried on the smallest
~ horse one bushel Of corn, and on the
70 -. other he puts two bags, one with one
., bushel and the other with two bushels
]v now the one bushel bags represents the
w personal property, and the other the
;, real estate; but under a new arrange
> ~ ment the farmer concludes to put four
,a re bushels INTO one big bag, and enough
m re- of overplus to pay the toll, and puts /
of on the largest horse, and then mout
Il on the top and rides like some lordly
;re whig on the top Of all; now would no
on this be n good plan to reduce tb
,;n m strength of the larger horse? So it i
NO. NO. with The farmer, he has heretofore ha
nd to carry the larger part OF the tax
rst Now for the sake of making him pa
ed more, he is made to carry the sma
nd tax ofhis neighbor along with his own
mo- You poor, blind, whig farmers and hold
rt ers of real estate, can't you be made t.
~ see it until the big four bushel tax ba
,ur comes on your back? And then
Of Iordly whig on the top to ride TO con
to gress or the State legislature? Watc
rs them, and see their manGuvres; the.
cL will tell of the low tax this year, tha
ss it is not increased; they will tell yo
is of the great increase of capital in mon
en- ey loaned; look for yourselves. Be
"a. how much the capital in real estate ha
al. increased; you will find it more thai
nd fourfold; then personal property yo,
%. will find to be not more than two fold
10 Again: inquire and you will find tha
-, upwards Of One Thousand Dollars les
". has been assessed this year for count.
ve purposes than last year, and that tn
- expense of assessing this year wa
he more than One Thousand Dollars owe
70 last year. Now If the other expense
os. in the county are equal to the expens
n. of last year, then there must be abou
,ts two thousand Dollars borrowed thi
of year, which will have to be put int
Y: the mouth Of the big tax bag, after an
other whlg legislature has set to max
as more firm the doings of the last. Eel
es low citizens look to it in time. A heav,
.e: burthen oftax is coming upon you, an
,rs if you can'tsee it, there is one that can
no and that is OLD STU MP.
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