The Democratic sentinel. [volume] (Cadiz, Ohio) 1852-1853, 1853-02-02
n lbcy sry fOOlcd le seccul lime 4 VIII Dc
der n.uh.
Bank Taxes-Iniunetlana AlloKed.

BANK Ioxes-1nluncuons A1oWec.
We understand aat the Bank ct this
place, the Western Reserve Bank, and the
Bank Of Youngstown, have succeeded in
obtaining the allowance Of injuaetiOns to re-
strain the Treasures Of the several counties
ia which they are located, from collecting
the taxes assessed against them under the
law, The TIumbun Democrat thus speaks
Of the refusal of the Bank al that place 10
pay It's taxes, and as the comments are alike
applicable to all these Banks, we give them
a place in our eolumns.-PO'tgys CoaHty
Dsm0cr0t
Tux WEsrKRN RESERVE BANK REF-szs TO
PAY ITS TAxEsl-Farmers. Mechanics aAd
laboring men. what think you Of a corpora
zion that sets the laws Of the land at def
anee, and refuses to pay its portion Of the
taxes. Neither Of you think for a moment
Of refusing TO pay your taxes, although 1t
takes the last dollar you can raise to do 1t,
but moi SO with the banks.
We learn that the Western Reserve Bank
and several others. have filed bills and got
injunctions allowed by u bank wing Judge,
enjoiuins The County Treasurers from col
. lec,ing taxes assessed on them. In this
, way tLey will probably evade the collection
q. Of taxes which are necessary to pay the in
| terest upon our State debt. Should this be
the case, The farmer will have to make W
n the deficiency, for the interest upon ouI
# State debt, bankers, and 1.-THE rest of man
kind" must be paid. No Injunction can b
. allowed in that case the interest upon tn
: State stocks, the capital upon which thes,
banks do business, mast be paid, or tn
;. State, the banks, and all creation is ruin
ed" and the people forever disgraced.
d How long are we to submit to this kind Q
!, proceeding? Farmers are rarely ever abb
10 make six per cent. upon their capital stoc
i. invested, while bankers are making fror
O ten to fifty per cent, and now, because the
are taxed as. they should be, they refuse t
h pay.
What would BE- the result if all were to d
n the same, where would be the credit of tn
d State; where the premium upon state stocl
II and where would be the foundation upo
which these banks stand? Gone, ~irretrie,
Or ably gone.
n The banks refuse to pay because they al
K taxed higher than formerly. If this plea
/, good in their case, the same might be use
by others.
id What if they are taxed higher than form
erly? This is what we have commended f
as right and just, and the people in the
Of doption of the Constitution have authorize
* and sanctioned it.
4. All r~ecollect how o~bstinately they ha'
VS. opposed every law tending to reform the
in or 10 make pay taxes, In former times th'
,e have found it bsst to submit, and we mi
IN take ii they do not in this case"
ed TT Two of the Banks in Stark coun
I'd applied for an injunction to RESTRAIN t
IL. Treasurer from collecting the Tax assess
to upon them under the new law. Judi
ne Beldcn, the Judge of that subdivision, refu
n ed to grant the injunction. Judge Hitchco
I'll was then sent for and he came over a
MT grained the injunction, reversing the de
u sion OF his colleague. So says the Sta
ct county Democrat. If this is so, Jud
id Hitchcock has perpetrated an indecency
mt which We supposed him incspable.-Sh
Eao,,jN, JT.I.n