The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1846-03-21
FoR GOVERNOR OF OHIO,
DAVID TOD, Of IYum6uH County.
THE TAX LAW.

lf THE TAX Law. qs4 liD
Into-day's paper will be foundthe conclusion Of
the new Tax Law Our readerswill perceive that
under this law almost every thing is taxed; even
to lambs and pigs Of six months old, without ma
king any reservation, except in cases where the
owner has no other property oyer one hundred
dollars in value. We have not the time or talents
10 present all the odious features of this law; but
one thing we cannot pass by.
Section go Of this law contains the following pro-
vision "but the provisions Of this section shallnot
extend to any banking or other joint stock COM
pany, which now is or may hereafter be organized,
whose charter or act Of Incorporation shall have
guaranteed to such company an exemption from
tarat,on. or has prescribed any other as the erclu
siue mode Of taring the same"
Now what is this " erci,tsipe mode'' of taxing
banksl " Erelusiuer that is the word. Why
that bankers shall only be taxed six per cent on
theirprcfts. Suppose that a poor laborer Of this
county has hundred dollars of bank paper, which
has been borrowed from one Of these ercl1sice
money machines, and which he is keeping for a
favorable opportunity to invest the same in land,
for home for himself and family Now whom
does justice say should pay the greater tax on this
money! the bank that il drawing six per cent in
advance, or the poor aborer TO whom it yielding
nothing' Most certainly The banker. But what
ID the fact1 The banker pays but per cent on his
profits, after deductng all expenses, losses, &c.,
which would make his tax amount to about sc
cents, allowing nothing for expenses, losses, SC.
But the laborer paysson his hundred dollals about
e5 cents for State purposes, 80 cents for county,
school, and dpublic building purposes, 20 cents for
township and poor purposes, besides road and other
taxes, leaving SO out of his hundred dollars whilo
the banker has lo5 dollars and Ga cents left.
We will suppose another case, A mechanic
has done work for Alfred Kelley the father of this
tax law, to the amount of one hundred dollars
which Mr. Kelley promises TO pay in few days.
IN the meantime, however, the assessor comes
along and asks the mechanic for the amount of his
outstanding claims. The mechanic tells him that
he has none except what Mr.. Kelley owes him for
work. but as that is not drawing interest he suppo-
ses it will not be taxed. .. You are Mistaken an
swers the assessor, (" must have the amount. and
you will be taxed thereon" The assessor then
goes to Mr. Kelley and requests the amount of his
credits Mr. Kelley answers: 81 have $IOO, 900
in State stock which yields me clear profit of sir
thousand dollars year, but you know that is er-
enlpf from TAXATION" "True," says the assessor,
and off he goes to find some less favored tax payer
In his travels he comes across farmer with 500
of REp-DoG money, which is worth say s25-
(" Well" says the farmer, Gas have already lost
$75 by the failure Of the st. Clair bank suppose
! will have no tax to pay on this money!" '"Cer-
tainly" you will says the assessor, read the 18th
section and 4thparagraph ofthe law and you wllsee
Such is fais specimen OF some of the operations
of this law ,4ass gs -e
The Cadiz Sentinel speaks out against this law
as follows
"To the exclusion OF nearly everything else, we
publishthe new Tax law in this weeks paper
Like the Banking law, it is a volume of iniquity,
''long drawn out" Everything tangible-person-
al and real-animate and inanimste, save bank
stock, must be lstedfor taxation Cooking stoves.
watches, sheep, pigs and chickens, must pay tax
to support federal extravaganza and profigacy! II
this winters legislation at Columbus does not open
the eyes Of the people; wings as well as democrats,
nothing will! At least TWO MILLIONS OF
DOLLARS haze been added to our already e,,oy-
nous State Debit and this has been done In direc,
violation of every promise made by the federal par
ty before obtaining power. A magnificent State
Houseis to be built to crafty the fancy ofthe fed.
eral nobilty-seyeral new offices have been Great
ed, unknown TO the constitution, SO as to make
places for the lazy federal lazzaronI who want to
live at the expense of the public A Board Of
Equalization, some thiIty-six in number, are to
meet in Columbus, to put in operation the ma
machinery which is to screw the life, blood out Of
the people! TAX-PAYEYS! think of these
things! The longer the federal party are allowed
to retain power in this State, the people will be
sunk into debt-deeper and deeper, until at length
nothing can save us but REPuDIATIoN, or total
orerthy0,c-a complete annihilation of the vandal
power offederalism! Fleeced, plundered, swind-
led tax payers, will you otstrlke the bow' Speah
OUT SPEAK oUT!' fa
j. itgtf . . 3.