Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1851-12-18

jory Of the people ignorant Of the laws IN eonse
quence Of their being published only in the papers print
ed in the city of indianapolis and although the
the State would be considerable, yet he thought
absolutely necessary that the laws should be published
in those papers which they all read.
Mr. Smith Of Marion, moved amend by striking ont
county papers and insert paper in each Senatorial
district lost.
The resolution was then adopted.
By Mr.. Dice, TO change the law for shows, monage
res &C. that license shall be granted for less than
500 nor more than $500; losi-yeas 81, noes SO.
By Mr.. Beeson, for the government oil all State,
county and township elections; adopted
Mr.. Humphreys submitted Joint resolution, which
was read the first time relation mistakes in the
purchase Of lands in the Yincennss Land District.
Orders Of the day.
The question being upon the engrossment of the
Mr.. moved 20 reconsider the by which
the House adopted the amendment allowing persons to
deduct the aggregate amount OF their Indebtedness from
the value OF their personal property.
Mr. Mcdonald hoped the vote by which the House
agreed to the amendment, would not be reconsidered
He thought the only just mode of taxation, and
he could see for the great increase in the
amount Of taxes claimed by gentlemen, that
the present will bring into the State treasury. He
thought that we could derive enough taxes with this
amendment unless gentlemen wished to hquidae the
bonds of the State He in favor of the GduaLorem
system Of taxation in State. He cited number of
cases showing that under the operation of the present
law without this amendment, property was taxed two
and three times, creating fictitious valuation oil pro-
'peEty in the State He hoped TO see every democrat
Consistent, and vote for this amendment, it the
real advalorem system.
Mr. BuSkirk said he did not intend to make speech
this time but desired present for the consideration
of House facts in addition those that he pre-
sened when this subject under discussion the other
day.
The Auditor of State in his report, that ''it
may be safely estimated under the present rate of tax
alton that there will be surplus in the treasury 10
1853 applicable the redemption Of the State debt OF
not less than two hundred Thousand dollars; and this
will be annually augmented by the increased amount
of taxables and the esSened liabilities for interest"
This statement was made upon the superstition that
there would be material change IN our assessment
laws and that large amount of property would not be
exempted from taxation. The amendment offered by
the gentleman from Fulton proposes to permit each tax
payer deduct from his personal property the whole
OF his Indebtedness. From the best information can
get and have conversed freely with the Auditor of
State who is better informed this subject than any
man in the State, | am satisfied that the proposed
amendment would strike from the axables oil the State
fv millions Of personal property.
Deduct fifty millions of personal property from two
hundred and ten millions the aggregate amount Of tax
ables in the State and it will leave hundred and six
" millions of axables. II will require six hundred and
ninety thousand dollars pay the ordinary expenditures
OF the State government to pay the interest upon
State debt, and create the surplus mentioned bv the
Auditor for the liquidation Of the principal of State
debt To raise the Of $500 600 hundred and
millions of taXables Will require levy of forty
three cents on each one hundred dollars valuation and
the several descriptions Of property will pay this
follows:
Lands and improvements ..-............ S526, 1875
Town properly ACKNOWLEDGEMENTS. 800. 90, lbs
Corporation stocks, ........... .......... 1887
600. Observation-Disclosures. 51.75O
Total. $500, 600
The delinquent taxes will amount 10 a sum equal to
fhe taxes collected polls. This proves most eonclu
sivey that the made the other day. that the
land would pay nearly all the taxes true.
In conclusion, have word TO say my democratic
brethren The party in power is and ought to be
pOnsle for the legislation The democrats have large
majority in this Legislature II we increase the rate of
taxation TO orythree the hundred dollars valu
alton will have 10 meet this question and account to
the people for it, II the democratic party goes into
The year with this weight upon it, can
hardly expect success The people expect reduction
n the of taxation and if there is reduction they
will hold the democratic party responsible If the de-
maerats are willing take this responsibility, let them
vote Tor the amendment offered by the gentleman from
FdItoa int IL they the inst expectations
the people let them defeat tic proposed amendment
Mr. Brady eOnourrcd in the views Of Mr.. BuskIrk,
and proceeded length show the necessity Of not
ENGRAVING the amendment the bill.
Mr.. Gibson said he glad 10 have the opportunity
Of voting Tor the reconsideration Of this amendment
he said was passing strange that in this House,
posed part of Efty-iour farmers, that proposition
should be carried which does such gross injustice to
that class of citizens. He thought the proper
mode 70 a upon what he IS worth, but
for the protection 81 the amount Of property which he
has in his hands The principle of taxation is that
Just in proportion to she of protection given
should man be taxed for that protection He could
conceive Of no measure unjust the farmers who
have heretofore deayed nearly the entire expenses Of
the State and who VIII in future, this amendment is
adopted continue 10 do So
Mr. Williams said he voted for the amendment and
had yet heard any induce him to change
his vote He thoueht If this amendment not adopt
ed the provision should he stricken from the la w. allow
ing any deduction 10 he made, on any account.
The question vas further debated by Messrs Dob
son. Owen, Carpenter. MeDosald, Torbet Harrison
and Others after which the House agreed reconsider
the vote.
Mr. English moved 10 Tecomn.it the bill TO committee
on ways and means with instructions; lost.
Mr. King moved 10 amend by striking out the words
81 due 10 the citizens Of the State"
Before vote taken on his motion,
The House adj ourned.