Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1846-07-03


ny. which = aol employed Ia banking, but
il .aan-d toiudiyidaas upon niorIg a2es ei'
reHI estate. lhe total sm0suI ol rap,A
enp.v,td in larkug iu he State on the
4,h Nay. wssonly S4.OO7 ,548 90, as shown
By The iable.
Il viii be- seen that the IndeVfndeni
banks have paid The greatest Tex In Propoi.
.'an 10 their Cagtsl. ieiug at lhs rdte Oi one
d1.sg sna iouueen c'nis per aunum upon
everY haAdred dollars oi Their capital, or
eleven mile AID loTty.oaf huntled'hs Of a
uiil on Tie dollar The Siuie iank bas
paid a. The rate Of eighty cents end loor
mills Jer anuum on he hundred dollars
coplal employed BY its brsucheS, Icing
eight mills nd l0ur hundredths oi mlll on
/ the dollar. 4 h. State tank branches and
Independent tanks togelhsr have pad an
avelage tax at tie rate Of eighJy-eght and
a halt cents per annum on lhe hundred dol-
lars, ~ eipht mills aud four-6i,hs o. milt
OF ,he d0isr o. tLfF capital stock,
/ II will BE- seen that he old tanks psy a
much lee ,aI in proportion than the new
. b4uks. Heretofore tie Old banks only paid
FIVE per cent. upon dividerds. BY #Y
passed last winter TO amend the law taxing
banks, tudge, and insurance companies,
all the Old Jsnks teXcePung sutb as have
o special clause in their charters liking me
amount are rsquued 10 ray a TAX OF SIX
per cent. upon their pIoiis. The Trust
company, the Clinton lsik, the Wooster
bank, aud most OF the old banks, wlli come
under iLis iaW, and viii hereafter be regui-
red to pay SIX per cent. upon Their ptohls'
This will materially increase the amount
which they will pay 10 the STATE, aud II
places the old and new banks upon the
-sme iOOllng oi equality.
The loLsl lax duplicates Of the State IN
l8I5 amounted to Sl44.I69,4G9. The ag-
gregaie of all the taxes assessed ioT 1890
including state, county school, township,
and road taxes, and oil other taxes assess-
ed upon the grand list amounted TO S2,2s5,-
500 being fifteen mills on the dollar, or one
, dollar and fifty cents on the hundred dOl-
lars of the grand list.
III Merchants and manufacturers capital,
/ and money at interest, were put upon the
a duplicate Of l845 at fifty cents on the dol
/ lar. and real property is known by every
n person to stand upon the duplicate at less
n Than one-lhrd Of it's value; bu: tor the pT--
pose OF presenting the facts in strong
O light, We will suppose that all The properly
!. OF the State vas puI upon the duplicate at
4 One-hsIf its real value. The whole emouns
, OF the duplicate OF l845 would, al Ihas
=. rate, have been $3.50 ,OOO, 600, and the per
=, cent. OF tax levied upon the real and pet-
. soEal property OF the State would have
been only sevenIy-fye cents on the huns
- dred dollars, or seven and a half mills Oh
i The dollar, While the banks organized uRder
20 the law passed by the Wings in Febrnsrys
! l845, pay al the rate OF elghIy-righl and a
l." hall cents on the hundred Of their captai
, stock. being eight and iOur-hth mills on me
10 dollar. II bank stock was placed upon ina
:. duplicate as other property OF the State
/, the banks would pay sevenIy-tive cents Oh
:, the hundred dollars, instead OF the eighty
=, eight and q halt which they now pay.
The above calculation is bssed upon the
,. duplicate of 1845. The amouni OF Iexabie
90 property in 1876, under the new tax law
= will no: be less than from one hundred and
sixty 10 one hundred and seventy millions.
This ~ the same rate OF tax vi hlch was le-
Wed last year will give much more tavOr-
;, able result than the calculation made upon
- the duplicate OF l845. Bu'tO test the Law
-, lairly, and 20 determine whether the banks
NJ will pay just proportion OF taxes, as cOHl-
'o pared with other capital and property Of
= the State, we must look al he facts as hey
- will exist when the new law comes iulty
- into operation.
a The real property Of the State stood up
on the tax list OF lE45 at sos, l85, ,744, and
,s the personal property al S35,974,725. 1t
n is believed that The whole taxable property
+. under the new law will be FIVE hundred
A millions of dollars. Upon this sum levy
u Of FIVE aud half mIsupon the dollar will
y raise tax of two millions seven hundred
. and ffty thousand dollars. This would be
:, q sum sufficient TO meet all demands for
every purpose Tor which taxes are requl-
:, red 10 he We'd, including state, county,
= school, township, and road taxes, and eve
A cry other tax levied upon the grand list
;, Five and half or even six mills on Tho
:, dollar, would be still far beloW the propOr-
u ton cftares paid upon Bank sfOeH The
8 whole amount OF taxes paid by the hanks
- this year will not be less Ihan thirty thOuS-
+ sand dOLiGrt
q We ask the people to remember these
facts. The personal and real property of
the State will not pay more than FIVE and
a half or at the extent six mills upon the
dollar, (sixty ceEts on the thousand dollars
: = while the banks pay more than eighty cents
ON the dollar.,-OhiO Stale Journal.
" LJo..,,> Az- W. roora, ,o learn that