Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1854-06-22
Reanties Of LocofOcOlsm.

selves Democrats, spurious arueie az Oes''
have been howl:ng about Banks, AonoPolies,
&c. They have for yeas. waGed war upon
the Banks of the State, trying by every possi-
bic means within their reach to destroy the cir
culating medium in the State. BY them called
Wing Currency.
A well regulated system of Banking was es-
established by TIE Whigs-such as was calcl-
ted to meet the wants Of the peOple-the op-
Grafton Of which was clearly manifest to all
parties. the expediency Of Banking on a sure
foundation, in which the bill holder was secure
became evident to every one who desired the
prosperity Of our State-A!l this was met By
the system ofbanking established by the wings
of Ohio. A better system of Banking has new
er been adopted IN any State. The State Bank
of Ohio" has well established reputation,
When these croaking demagogues commen-
ced open hOstilities on the Banks, the people of
the more enlightened parts of the State gave
them signal rebuke. But at last they obtain
ed their desire. Finding it impossible to force
the people into measures directly opposite TO
their interests, they laid the ropes to catch them
by trick and "an amendment Of the old con
stitutiOn was proposed many felt that good
would result from change of some of the fes-
lures of the venerable instrument and accord
ingly voted for amendments.
Well how did it result? In amendments p
Nay, verify. But in an entire ''New Oonsti.
tuition" Having the field clear, the spurious
democracy concluded that now was "the ac-
cepted time" for them to enforce their rule and
cripple their banks in the operation, and finally
succeed in a complete demolition of them
accordingly a clause was inserted in the "New
Constitution" taxing the banks differently from
the manner proposed in their charters, the in
tention was to tax them out of existence.
"Withou: deduction was the motto of these
bank. emolishers--"without deduction was
inserted in the New Constitution-this they
claimed was necessary to tax "banks as indi-
viduals" Stringent laws enforcing the provis-
ions Of the new constitution, were passed things
went on but the banks claimed their rights
under their charters and the consequence was
yexatious law. suits grew out of the new rule Of
taxation, which were carried up to the United
States Supreme Court and there decided in fa-
vor of The Banks. the Court declaring the" New
Constitution" of Ohio unconstitutional.
In the meanwhile there was another matter
claimed the attention of these Sage Leaders,
Their "New Constitution" required taxation to
be "by 6 uniform yule," consequently If Banks
were to be taxed without deduction individuals
must be also; accordingly in . case before the
Supreme Court of Ohio it was decided that In
divduals must list their property without de-
, duction" according to the wording of the New
Constitution, And the auditor of State in
his annual address to county Auditors, for the
use of township Assessors, SO directed In por,
tions of the State these instructions were dsre
f garded--but the Supreme Court decided they
Q must be obeyed-Mcrgan said so-it was il
u accordance with the opinion of the highest trib
: unal of the State, and it was democratic
g it must be Obcyed. BY this unjust inode o
. listing, thousands of dollars of fictitious capita
!; were brought upon the grand duplicate, and in
. dvduals will be taxed on their debts.
But how stands this matter now The la'
A. taxing Banks according to Locofoco rule ha
IN been decided unconstitutional by the highes
Ir ~ tribunal of the Union. What next will b
s. done? "By uniform rule" shall all taxatlo
b. be, SO saith the oracle. The United State
n Supreme Court is wrong if lccofocoism in Obi
all is right, they are in opposition Which mu,
!. yield What say you ofthe blessed compa
n -ye Bank demolishers, ye redemptionists 2
&c What answer have you to this? VIII yc
n. have to ask Auditor Morgan before answering
III Let US hear from you.
- Now whathas been gained by this war upc
er the Banks Nothing but increased taxation u
IN on the people, The decision let's the Banks o,
@ but the people are held fast and are smartir
under the decision of the Locofoco Court
an Ohio. Under whose decision the taxpayers
.st Carroll county are compelled to pay tax on /
"a. Increase of $362, ITO valuation. The cry
on Locofocos first was ''tax Banks as individuals
,s' but their Court decided thai individuals shou
n. be taxed as Banks. The U. s. Supreme Cou
b. has decided the law taxing Eanks ancOnstitutio
NJ al--cOnsequently void. Now individuals a
y taxed as locofocos wished Banks to bear
.. Banks now as individuals were. This is b
an the common result of all locOfoco rules--thin
da turn out differently from what they anticra
al mot understanding the premises properly th'
~ know not how to calculate the result.
IN This is fast becoming model Repablic.
ial
le. EE On our first page will be found a lett