The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1855-10-03
The tax laW--The
Position Of the
Wing Party.

wing Harty.
The present tax law does not permit
any person listing his property Tor tax
alton to deduct his debts from his cred
its.zITmes
CARDINAL WoLsEY of the Times has
at last had the courage, after having
been challenged time and again, to tell
us in what his opposition to the present
Tax Law, consists. He has outdone
CHASE himself, by planting himself upon
the cid /" KELLY LAW infamous in its
distinctions in favor of Banking monopo-
lis and for favoring the Merchant and
monied. man, while the farmer and me-
chanic had to bear the burdens of taxa
ton. We are exceedingly glad that the
Republican party of Ashland County
has taken this position-for We are bet
ter. enabled to expose before the
election, thesgross inequalitiesSof such a
law.
LET US LOOK AT THE OPE-
RATIoNS OF T KELLY Law
in deducting debts from credits as ap-
piled to all classes: A. and B. two
farmers, DESTROYS to engage in growing
stock, go to the Mansfield Bank an d
each borrow s 1,oo0,o 90 which Is invested
in Cattle, Sheep and Hogs. Just be-
fore the Assessor comes around in the
Spring, A. sells his stock, whilesB., ma
able to find a merchant retains bis. The
Assessor goes to A. and asks him how
much personal property, after deducting
his debts from his money and credits he
will have to return for taxation. He
informs the Assessor that he has just
converted all his stock into money, of
which he has 81, 100, 90 on hand, but he
desires to deduct 100000 which he
owes the Bank. It&is done, and only
500 returned for taxation. He next
calls on B., and asks thesame questions
as before ; d. tells him he has not sold
his cattle--has every dollar he has in
the world invested in stock, but he owes
81, o00,o 90 and desires to set eff his cat
tie against that indebtedness-Athe As
SCISSOR declines and then he is compelled
to return the whole for taxation, ahen
he owes just the same amount as A.
This is " deducting debts from credits"
Farmers you can judge for yourselves.
LET Us TAKE THE CASE OF
THE MERCHANT. He is taxed on
the average value of his goods during
the year-and al though he may have
$4,000 worth ofgoods on hands when
the Assessor comes around, yethis aver
age value may not exceed $40 ,0eo ! =
At the same time he would be permit
ted to offset all his notes,due Bills, book
accounts and moneys against his east
ern Indebtedness, and thereby neayiy es-
cape taxation, while a FARMER or Me-
cHAN1o, under similar circumsf ances,
having their money invested in stock,
would be compelled to pay on every dol
lar +!
LET US LOOK AT THE CASE
OFEBROKERS. They would, after
making 20 or % per centon their money
by loaning and shaving, escape with
equal facility by going out of the State
and borrow ing Capital, or by COM
ing from adjoining States with borrowed
capital, by setting off the borrowed
funds as deductions for their indebted
ness-thereby after grinding the poor,
wholly evade paying a single dime
towards the support oftbe Government
Under this same beautiful system of tax
alton, Bankers desire to be TAXED
UPON THEIR PROFITS, while
Farmers and Mechanics are to be TAXED
upon their capital invested ! Would
this be uniform ? Why not tax the
Farmer upon his profits as we'll as the
Banker? Ifhis crops fails, why not
let him escape too? OH there is the
rub the Farmers must pay let what
will come, while the g~entlemanly Bank
er claims that because he is rich and
we'll born, be is entitled to peculiar
protection by the laws of the State
This is the law which the Fusion party
Ohio is anxious to palm upon the
people again r This is the "retfench-
apsnt AID reform " Sc loudly talked of.
Do o Wact it Are the people Of
this great and growing State prepared
to endorse such a measure by casting
their votes for the Fusion Candidates at
the October election? If tho laboring
mau--the Farmer-the Mechanic &c.,
desires to pay the largest proportion of
taxation, be sure and support the Fusion
ticket, and that new system of SIRE
TRENCHMENTn which is promised,
will be imposed upon you. But ifyou
desire a system which o oper ates
more uniform than any other adoptedie
Ohio, come up and support the present
Democratic administration and the
monie6 man will pay his just proportion
of taxation, as well as the Farmer and
Mechanic.
1a1 payers ponder aoeH onzhe above
facts before yon rote.