The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1854-06-03
PERRYSBURG JOURNAL.
SATURDAY, JUNE 3, 1854.


of Ohio taxing banks in different manner
from that provided in their charters, oversets
the whole object and tenor not only of the
legislation Of Ohio for the last three seasons
upon this point, but also of the late decision
of the supreme court of Ohio. The legisla-
ture and court of Ohio have aimed to destroy
the banks by excessive taxation. Being aware
that this could not be done by ordinary leg
islation, the party adopted the plan of get
ting up new constitution for the state, and
and having it adopted by the people, think
ing thus to avoid the clause in the U. S. con-
stitution which declares that no state shall
ever pass AaaDs violating contracts. But the
u. S. court has nullified all these schemes.
And now, the result of the late decision of
the Ohio supreme court, and of the glori-
Gus new constitution in the hands of its
friends and of the thrice glorious party leg
islation under it, is, that the people will be
taxed both on their property and their credit,
while the banks will be taxed only as provi-
ded in their charters. 1t has cost the people
of Ohio good stiff sum of money to make
this experiment of discovery They have
come back now to the place from which they
started number of years ago; they have
found out the truth of what the wings told
them at the start, that they could not violate
contracts with impunity. This knowledge
has been acquired at an expense of some
two OR three hunded thousand dollars for
new constitution, extra legislation, suits and
crowbar movements, to say nothing of the
vast increase in every department of state
expenditures which invariably attends demo-
cratic accession to power, and the loss of the
capital which has been driven out of the
state by the war made upon moneyed men.
This is rather an expensive school which the
people of Ohio have been learning in, as their
taxes will doubtless convince them after
while, but it is said that some people can't
learn in any other way. This immaculate
humbug called The party, the democracy"
has been erecting gallows for the banks,
and has itself got hanged upon il, like Ha-
man of old time. The party has been will
ing to Cypress the people with enormous tax
alton if thereby the banks could be killed.
but the oppression is all that has been ac-
complished. The banks, however, have now
lived out almost half their days-can any
one tell us how much has been lost to the
people by the State Bank of Ohio since 1916 ?
Put all the bank failures since that time to-
gether, and the loss to the people of Ohio by
the government of :'the party is ten times
greater. Yet it was to prevent loss by this
bank, " Kelley sow and pigs" as it was fell
citouSly styled, that set all this war a. going.
If the Legislature of last winter, or the two
winters before, with party majority of more
than two-thirds, had enacted a good tax law
for the people, without reference to the
banks, over whose taxation the u. S. court
decides they had no control or, if the old
whg tax law had been left untouched as it
stood on the statute book, all would have
gone on smoothly enough, and the people
, would have been comp paratively contented
and happy But the party must needs show
It's smartness at financiering and statesman
Ship-and it has accordingly been displayed
The .IUhiuc Of tho -froo ba1 N oloo-