The Democratic sentinel and Harrison County farmer. [volume] (Cadiz, Ohio) 1851-1852, 1851-06-18
Equal Taxation=.The Bank Pow
er arraying itself against the
laws

AaNaf
The following preei0Gs evidence ofeorpe-
rate insOgspce is brought before the public,
by the democratic paper, published at Ra-
VIENNA:
PoRTAeE Co. BRAScE ST. B'KoF ONO,
Ravenna, Maybe 1851.
To 0ss Aaditor Of Portgae Co:
DEAR SIR:-The following Resolution
passed at a meeting Of the Directors of this
Bank. April 99th 1851, you will please file
with the list of caystaI Se., furnished you BY
said Bank.
ResoSpes, That in the opinion of the Di.
rectors of the Portage County Branch BanE
of the State Of Ohio, at Rayenna, the act en-
titled AN Act to tax Banks &c, passed
March 21, 1851" so far as it immposes a
Tax upon this Branch, different from thsl
required by the charter, without the consent
of the eorporators, is unconstitutional and
void, and that this branch will not, as a
present advised, pay such additional Tax
Unless compelled by Law; and it solemnly
protests against its imposition and collec
ton.
Resolree!, That the Cashier attach a copy
{of the foregoing resolution to the list of Cap
ital, Surplus and contingent Fund OF thl
Branch and send another to the Auditor o
State, as an evidence Of the dissent of thi
Branch from the provisions of said Law.
| The above is true copy.
Yours Respectfully,
JOHN H. EBRERT, Cashier.
I April Goth. 1851.
A document similar to the above, sag
tie Ohio Patriot, has been sept by the Sa
lem bank to the Auditor 9f Columbian
county. After this, surely ngne will asl
further evidence to prove the majesty of tn
Rag Baron Nobility or their Willingness t.
abide the law of the land and contribute thei
fair and equal share to the support of tn
government that@ave them existence. Tn
new law, let it be born in mind, taxes tn
banks on their capital at the same rate a
property of individuals. The former Law
taxed them only on their profits. In mott
cling this latter point, the Ravenna Sentine
has the following admirable comments:
I .tFqr time the stumpersof the whig par
ty backed by yenal and subsidized pres
managed to make large share of the peo
; pie believe that the Banks would pay as mucl
taxes by being taxed upon their profits onl
as they would if taxed as the people are tax
ed. But the arti6ce was too shallow; the de
ception could NOT long endure. After year
of discussion, the irresistible e,irrefprable fact
were brought to light which scattered tn
sophisms of the bankers and their stiperda
ries to the four winds, and placed the fac
beyond dispute or controversy that the peo
Pile had been grossly defraud, and they de
manded remedy of the grievous wrong.
"'TBut no sooner is Justice sought to b
dane, NJ sooner is this law fairly instated up
on the Statute hook by which the banks ar
required to pay taxes upon their capital, ,tha
they set themselves in opposition to the peo
pie and openly avow their determination t
resist its execution.
'But this opposition to this LAWS not con
fined alone to the Bank at this place. 1t
combinee and concerted opposition, ant
one WHICH the M people have got to {? meet me-! ant
put down. '' W. ''
"Nor is this monopoly power exerting its
elf solely against this Tax Law The NeN
f Constitution provides that all property {
Bpnks, without exemptions or deductions
shall be taxed the samr as other property
= If that instrument be adopted the provision
. for the equal taration Of all property will be
come part Of the fundamental law of tn
State, and the power to tamper with th
most sacred rights and best interests of th'
people will be taken from the hands of acci
dental majorities in the Legislature wht
may choose to employ it to advance the in
terests Of combined incorporated wealth AMI
to build UP privileged pioneyea aristo,ccrracl
in this State. This fact accounts for tht
most of the opposition to the ratification o
the New Constitution. Itexplains why tits
that most of the whig papers which, at the
time that instrument came from the hands ol
its trainers, approved it; now turn round and
oppose it. The Bank power is now mar
shaling its forces to the conflict; and those
who remember the fierce struggle with tha
motherof har1ots, the old United States Bank
know well the cofIupting infueune which
they can bring to bear III such contest
At such time, in such acontest, it behoove'
the people, the independent farmers, me
chanics, and laborers to wake up to a sanst
Of their interests and to be active and vigilan
in garding their rlghts.,%' " "
Cholera.