The Ohio union. [volume] (Ashland, Ohio) 1849-1854, 1854-02-22

Offset bis eredlts, mol MS goous'l against
wha, he OweSi Is there anything In The
Constitution which demands III II 80,
then lie, us have Il repealed a, once. Ills
q violation Of all rules Of right, unPrece-
denied in the history Of sny country;
even drown. ,rodden Europe cannot afford
a parallel. Iii is anti Democratic. and ought
not 10 be ~ehargeable 10 our party. is
and always has been the policy Of the
Democratic party, to- legisla'e, so as 10
favor the poor and encourage enterprise /;
10 let the burhen Of tax Gall upon those
most able 10 bear il.
stated in The ouset, thai this decision
Of the Count comes upon the business
rcen of the State-and l might say all
who are involved in debt-like an ave.
Ian h, threatening 10 crush thousands Of
individuals struggling against Capital. n
acquire a competency. Strong assertion.
But, Sir, | venture the assertion that IL men
doing business on a credit capital are COM
PEELED 10 pay tax upon the same as real
capital, that half The business men Of tie
| State would not make more than enough
to pay their taxes! l could give you in.
stances in this place, of individuals who
paid a tax Of $3.50 this year which was
more than an equal proportion upon their
real capilal,) whose taxes under the pres,
ent law will not fall short Of $500 If an
honest return be made according TO the in
tent Of the law. Now, can they sustain
such a burlhenl You are aware that i,
requires great energy, and many priva'
lions, for a young man-siruggling against
the advantages which capitalists have
over him in business-io obtain a compe-
lency under The most favorable laws, But,
If compelled to bear this heavy burden Of
taxation, its effects, must be crushing tc
his energies.
The effects Of this law, as held by III,
Court, upon Brokers doing business in :
private capacity, enjoying no privileges
than those granted to all others, is mani
feslly unequal and unjust, and will if ad
hered to, have a contrary effect from th'
one sought to be obtained, which is TO in
crease the tax duplicate Of tho Stale. Tn
effect will be 10 drive this capital OUT o
tho State, 10 seek more favorable laws
and to compel us TO pay tribute 10 olhe
States, Tor the use Of capital 10 transac
The Commercial business Of the State
There is already the largest proportion q
our circulation, from foreign Banks, 70
which we are paying tribute of $4,000
annually to other States, and which is &c
ing upon the tax duplicate Of those State:
Now, what is the cause OF lhisl Th
State of Ohio ought 10 be able 10 furnis
suli Client capital within its own borders, ,
transact tie business of the State, wilhol
being compelled 10 pay this tribute. Th
Stale Of Massachusetts, although a gre;
i. commercial and manufacturing State, fuI
, nishes US with a large surplus OF its circr
+ lalion. Now, why is thisl Ohio hs
, double the population, with the advant'
3 ges of a rich soil, and II the facilities Il
Transporting its surplus produce, possesse
, by lhatof any other State, and yet, d.
4 pendan, upon other States for its circult
!, ling medium!
/ Now, the fact cannot be concealed, TIL
& a blow has been struck al the commerce
s interests of the State generally, BY III
decision, (which cannot believe was ev'
0 thought Of by the trainers Of the Cons
e tulion,) and which, il not warded of |
# speedy legislation, will knock US in
"Pie" before another twelve.monlhs h
rolled round. There is much more.
!. should like 10 say while or this subje'
a but | have already ~lrespassed TOO mu
n upon your columns, and the patience
al your readers
- .5I., 81. TRUE DEMOCRAT.