Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1855-08-23
Total from 1852, to 1857, both

Total from 1852, to 1857, both
inclusive six years, S697, ,53l 81
Here we have the aggregate amount which
the constitution requires should be levied in
taxes for payment on the principal Of the State
debt for the six years, commencing with the
new constitution, and ending with 1857; six
hundred and ninety seven thousand five hun
dred and thirty.one dollars and eight y-four
cents. And now BY reference to the last t're-
port OIL Mr.. Morgan, Auditor of State, cover
ing the year 1854, page sx,we find that there
was levied that year for this purpose the sum of
S698. $50 SO being 1886 900, SO more than the
constitution required for that year, and being
$828 48 more than the constitution requires in
the SIX years fIoml852 to 1857, both inclupivel
Thus throwing on one year more than the
proper and constitutional burden of six years,
crushing labor and business under its enormous
weight; keeping desirable emigrants from the
east from settling among US, aud driving large
numbers of our own most thrifty people to the
far west to escape the intolerable. exacLioni--
What wisdom What craftsmanship And
pray, Messrs. Morgan, Medill d Co., was
this done by the local authorities? Are the
municipalities responsible for the wholly un-
necessary State tax of more than half mill
ion for last year?
And what excuse is there for the imposition
Of this six fold burden on a single year? Does
the credit of the State require it? By no
means. On the contrary, and so far from spec
dy payment being desired or desirable by the
public creditor, we find that the longer our
bonds have to run the higher is the price they
bear in market; in proof of which we refer to
,he sale of stocks reported in the New York
Evening Post Of the Slst Of July last, in which
| it appears that, on that day Ohio 6per cent
stocks, falling due in 1860, sold at premium
Of ST per cent, while Ohio per cent due in
1875. sold at premium of III per cent The
rate of interest and the certainty Of payment
ire not the only elements that enter into the
value of stocks in the eye of capitalists. they
Iesre something of permanence and durability
their investments also; and hence we see
hey were willing TO give SIX cents on the dol
lar more for stock bearing the same rate of in
-erest simply because it had fifteen years lon
ger to run.
Or have our crops lately been abundant, our
seasons SO proPitious, or our sources so pro-
l6c as to justify or recommend the piling upon
one year the constitutional burdens of six?-
Or have our miscalled Democratic Legislature
oeen SO chary Of other expenditures, so frugal
n their operations, as to enable us, without op-
preston of the tax payers, to pay the princi-
pal of the State debt six times faster, and in
'ne'sixth of the time contemplated by the con-
sLItution.
/ So far from this we all know that for sev eral
years past our crops have messurAbly failed;
all branches Of business have been depressed
we have costly State house on our hands tc
be finished; and. ID addition to all this, our
late Democratic Legislature-the same that
luW asks to be intrusted with the tasks of re
rming its own abuses and correcting the re-
ults of its own ignorance and stupidity, au
.hcrized the construction of Two more Lunati