The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1854-07-28
In THE HOUSE,, April %, 1854.
lContinued.l


decision, admitted the necessity of q
change Of the Constitution, end that un.
der the Constitution the ruling of the
Court was correct, but they demanded OF
this Legislature an amendment OF that {.
instrument. Resolutions 10 rnise Com
miltee for that purpose passed the Sen
ate, but was defeated by this body. Al
1majority Of the House held the decision
and the principle of The decision just, and
correctly enough refused TO mutilale The
Constitution to establish un equal taxation
in the Stale.
| So long as he dealers in "moneys and
credits" were permitted 10 deduct their
Indebtedness from their moneys and cred |
its, no complaint was made in regard 10
the principle Of taxation. That the farm
er, the trader and the stock raiser paid
taxes on more than they were orIh,call-
ed 70, noamenGment no Of The Constitutions:
bur that the dealer in bonds, mortgages,
promissory notes, SC, should be so tax
ed, has called down on members of this
! House condemnation for not of once ac>
cedng to tho demand for change.
4 The holders Of credits, bonds, morlga-
!. ges, book accounts, &C., call upon Il g
State, through its Courts, to protecl their
right TO their peculiar property more than
any other clas Of society in the State -
j Why, thehand upon what intelligent and
}, equitable system should the Constitution
/ he mutilated for their benefit? Why
4 should not they pay their due share ol
i taxes upon the property they represent
E and demand protection for from the State,
as well as other citizens? Under the
d provisions Of The new Constitution, land'
), and personal property have been fol
d years taxed nt their full value, notwilh'
Q standing the person holding the legal Ii
lie thereto, and obligated 10 pay the tax,
c owed for half two,lhirdo or The whole oI
b his farm or stock, or whatever the list ol
@ his personal property might be, and suct
n in fact has been the iaxation policy o
/ le. State sincs.i lis commencement as
II have already shown. Where is The groun'
!, for distinction among classes of citizen
IS and occupations? In my judgment sucl
ID distinction is neither just nor is il Repub
!. lican.
The unequal policy Of retaining the oil
system of deductions is al an. END
. and SO the policy OF only taxing what
:. man is actually worth, ,deduc'ing his deb''
" liabilities, Sc, has been advocated her
" and elsewhere by those who we'll know
its falucy. Let US see how it will prac
: ,ically work: A. purchases farm f
(, $4,000, from a resident of Pennsylvs
= MIA, who owned farm property of that va
:, We in this Stale; pays $4,000 down, a,
gives his notes payable in eight an
= nual inslallments, for Tie balance. {
course, his farm, though really wort
$4,000, and claiming and receiving pr
:" lection on its whole value from the Stat,
would only be listed at $4,000, while h
" next neighbor, who had a farm equal
valuable, and not ct all more productiy
weuld be called from tha, production
!! Ipay a tax on the full sam Of $l0,000,t|
" value Of his farm. Take. another cas-
An individual desires 10 raise stock, b,
" has not the necessary capital. Resdiu
" on the western border of the State, l
:: has credi, in Indiana, and purchase
', sheep, cattle, hogs and horses on cred
" n that State, TO The amount Of $5,O0'
~ OF course, actually owning none of IL. |
= escapes taxation, while his neighbo
= who, by industry, has acquired the pc
~ feet ownership of his stock, has TO dtdu
4, from the profits thereon the tax he pay
!" while the debtor pnys nothing, end u
: der this system, the merchant who own'
as his stock Of merchandise 10 the amon
~ Eof 100000, being actually worth th
Y amount, would find himself undersold
the merchant next door, whose veal
was credi, TO the amount of $500
in like merchandise, but who, being a
10 tuolly worth nothing, would pay nOthi
~ ~ 10 the Slate, And it is certain that the
Ia. are quite number Of persons in the Sta
On doing large business on borrowed cal
or> tai, whose expenditures equal their j
In comes or nearly SO, and who, by the pC
icy suggested, would do no part towar
Il. sustaining school, local and poor rat
IL Al.