The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1847-10-05
900 80 os 26 g. 10 Al


tion the benefits Of the Tax Law are for any class
in pteference.to to the industrious farmer. Absen-
tee speculators, like Demas Adams, are the only
real gainsrs; d while "a in. contempt Of
the great design Of popular institutions, the whig
leaders have REDUCED TEE TAX FOR EpucAgIoN
rwo-rH,xbs, pretsrrins to neglect the n,el s6tual
elevation Of the people, to ipcurfing the slightest
risk Of the interests Of foreigh mohey-lehaers
But say the whig advocates of the system--it
only increases the burden ofthe richlp prepor-
ton to their ability te pay. Is this true? Does
thssbcnker pay in nPropertien tehs abilityl Does
be pay in proportion to thece farmers, whs came
into Putnam County IL orr 10 years ago, and
made the Wilderness irhitful and added to the
real wealth of the State? We admit he pays 8
per cent. on his bank prefts. But that is less a.
all times than the farmer, who pays whether he
derives profits or not; and in times Of public re.
vulsion and distress the banker pays nothing.-
At such times when the farmers land is sold for
the taxes he cannot raise then the banker, secure
from paying any tax, may use his untaxed CAP.
ital to buy the fafmet's lands. And thisis equal
justice and a law designed to protect the poor
| from over burdens!
| Lust winter, the bankers preferred their re-
quest to tho Legislature to be taxed on their cap
ital stock, an amount equal TO the State lssy, but
they carefully avoided offering to bear an equiv
alsn to the road, school, tstSnsh,p and poor taxes
levied Ii the several counties of the State. The
improvement Of the State, the intellectual sleva-
tion ofthe people. and the support of tie poor.
were for those to bear who have no privileges to
amass wealth in idleness by fiction of law
burdens the whig bankers left for those poor
farmers who had cleared their few acres
Of land, planted their first field of corn, and built
their scanty log cabin in the unuodden folest.---
1t would have been too much like Democratic
equality, mbch knows no privileged order. to
conceive that bankers would consent TO divide
such burdens with the people. ga li 17g@
The law gives the banker the privilege to call
dollars, and lend this man nufactured sum, as bank
discounts, at an interest grsater than what the
law s,l,ws to the unprivileged lender Of silver,
yet for this great privilege fruitful in litigation,
fruitful in corruption Of public morals, and pro.
life. Of pauperism, the banker is required to pay
no tax, no not tax upon his original stock cap
ital equal to what the farmer pays on his landed
properly. Tax the discounts Of the forty banks
of Ohio on their $l2 or 100000 Of Discounts,
propsrtienate to the amount levied on the farmer
for all purposes, then the law would be truly
equal-then there would be some reason for the
wings to congratulate themselves chat they had
done something worthy Of credit in improving tho
finances Of Ohio. But while this privileged class
rise superior to law, and contemptuously refuse
to contribute on the same terms as their fellow
citizens TO sustain the government, to boast of the
increased sums wrung from the people is TO b oas,
OF the ssrfaee imposed upon the masses, and
is only hsralding forth the shameful degradation
to which Federalism is rapidly rsduHng the cit
zens Of our noble State. ID, Eo ir