The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1854-06-07
Taxation.

raising tremendous howl about high taxes, sc.
This comes with avery poor grace from party that
sustains the recent decision Of the Supreme Court oi
the United States, and that decision is Ibis that
the banks shsl only pay taxes on the profits Of the
capital stock invested Tha, decision Is what those
papers call justice. lift is applicable TO the banks
it certainly shoudbe to the people Let us see how
It will compare with the amount that the farmers
and mechanics have to pay
Mr.. d. has one thousand dollars, which he invests
in bank stock. The profits on this amount is $50.
Say the levy for taxation is mills to the dollar
According to this decision Of the court Mr.. d. or
his agent the bank, would only have to pay on this
one thousand.dollars invested, the small sum Of GO
cents as taxes.
Now for the other side Mr. E. owns farm
which is worth the same amount that Mr.. DIS bank
stock is, tsl,OOO) The levy being the same on
Mr. Els farm that il was on Mr.. DIS. bank stock,
Mr.. E instead of paying 60 cents as his neighbor
does, he has to pay the neat little sum Of $1,000
as his amount Of taxes Is there fairness or justice
in thisi Is right for farmer mechanic to pay
more taxes, in proportion to what they are worth,
than bankerl Our wing friends tell US that TIT is
They argue and contend that because man Is an
arstocratic banker, he should be exempt from tax
alton. His money is made easy, he has neither
manual or mental labor to perform in order to make
his money His agent, the banker does that for him.
But according to their doctrine the farmer mechan-
ic, &C., must "face the music" and pay all the tax
es They must be "hewers Of wood aud drawers
of water" while the banker parade the streets
with his gold headed cane gold spectacles, &C.
This is what whggery and its satellites call JUS
tice.
But say our agricultural and mechanical friends, is
there no remedy for us! Must we continue to pay
such high taxes we are now payingl Yes, reader,
you will now have to pay still higher taxts. The
DEAR banks being exempt, it must come oil OF you,
to make up for what is lost by their exemption. A
certain amount of taxes has TO be raised to pay the
expenses of the State government, and this amount
now must come from the farmers, mechanics, mer.
chants, &c.
The cry is continued. Is there still no remedy9
We know ofbut one, ane that is this "Sell all that
thou hast" and instead of giving it to the poor, as
the scriptures tell us to do, convert it into money,
and then west it in bank stock. You will then be
exempt from taxation. Raise up brood of banks
in every town and village throughout the State
Your money by this process may not be profitable,
but one thing you can rest assured of,-you will
have no taxes to pay for it. ...
But says some honest citizen, how can the State
government be sustained and kept up unless there is
taxes levied and money raised to do sol Our whig
friends, and their companions the bankers, know
that in this great State of Ohio, there will still be
some honest men left who sooner than invest their
money in bank stock, will invest it in lands, &C.,
and subject themselves to taxation for the purpose
of supporting the State government That is the
bankers consolation. They know still further, tina
it costs the State great deal to protect them. One
third Of the time of our courts justice is occupied
for their particular benefit Their must be special
laws made to protect them, and those laws must be
enforced to the very letter. But who must pay tor
the passage Of those laws, and having them entorc-
ed! The bankerl No. He is, according to whig
doctrine, and the decision of the supreme court, ex
empt from this burden. But who then must pay
the expenses2 They answer, the farmer, mechanic,
merchant, &C. These men, say they, must bear the
burdens of taxation We bankers exempt
They will put on one of their bank arisocratic airs
and tell you, that You common people only fit to
be taxed while we bankers are BY LAW exempt from
paving taxes. HIS Is WlldL Cdlls JuolOO
Exempt the rich and aristocratic banker, and make
the rest ofmankind walk up the treasurers office
every fall and pay what it takes to protect these
bankers.
But thank God, there is ono thing that can be
done yet, and Rit does not make the banker pay
his just proportion of taxes, it will make him feel
that there Is a necessity for so doing; and that rem
edy is thss Repeal all their charters, and all laws
that protect them Those that willnot assist in sup
porting the government should not be protected by
that government. This is what we call justice.
Real old fashioned democratic justice. And we
shall agitate the repeal of all laws that protect the
banks unless they Submit to be taxed the same thar
other people are.
We do not need, neither do we wish any privil
edged classes in this government. Every citizen
should be placed on an equality, and he that oppo-
ses this doctrine tory at heart If not in practice