The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1856-05-28
CADIz, OHIO WEDNESDAY, MAY ss, 1856

'of the constitution, but now read section
nine Of The law, as to the mode snd basis q
taxation. That provides for another list,
beyond lie purpose of tie constitution =
Every bank shall, at the same time furnish
another list: First, of the amount Of capital
paid in or secured; Second, the amount Of
undlsided' profits; Third, the smoGnt
of deposits for time certain. And
It is upon these three items items, By the
crosses. evasion ever perpetrated that the
tax is to be levied, and not upon the first
list as required BY the constitution.
For section eleven directs The Auditor
not to charge the tax upon the amount o.
property, capital. dues and effects, as SCI
forth in the first list, but to charge it upon
the articles mentioned in the ninth section,
namely. the capital paid in, the undivided
profits, and the deposits for time certain
cnly. The practical effect of this mos
shameless dodge will be, that no bank il
the State will pay half The amount required
BY the constitution, or half the amoun
which a merchant, mechanic or farmer
would pay upon the same value as the
property employed in banking.
Take any bank in the State, AID the
mean amount set forth in the first st,unHel
the law. will double, if not more than dou-
BILE, the amount obtained BY the second list
A bank whole notes and bills discounted
or purchased, moneys loaned, and all 9th
er property, effects and dnes, wifi amotnt te
eight hundred thousand collars, W i'll no
show fotir htndred thousand dollars of cap.
ital actually paid in, or secure d, undivided
profits, and deposits for time certain
Let the tax upon individual property there
fore, in any ward or township, be ten mf!ls
on the dollar, and it will not 60 over Eve
mills On the property Of bank in the same
township or ward, under Tie operation of
this Fusion tax law. 1t is. then, both un.
constitutional and unjust.
We submit our views of the provisions
7 of this law to the intelligent investigation
Of all candid men. We demand to know
whether we do not fairly represent the
principles and the operation of the law =
Aud upon these positions we demand, az
er full hearing, the impartial verdict o.
the people.
1t is folly to mouth equality if such clss:
legislation as this is countenanced for g
moment. Of all other things, taxation a
least should be equal. We should be a.
shamed to talk about negro slavery wher
such chains as these are forged as mana.
cles for ourselves. The negro leaves his
master in the South, comes to Ohio, pur-
chases Tand, ard cultivates them; and il
told that he is free! Yet the favored Class
under this tax law, rob him of his "free
labor"S BY putting enormous and Tnequa
taxes upon him. The Southern master
provides for him and feeds him-.he nor.
thera master cares not for him except to
steal his labor from him at the END 6f each
year. or every "six months" as was attemp
ted. For which master No9ild be be litey
to offer up the longest and loudest prayers!
1t is a very easy matter to Mouth equal.
ity and freedom at elections, but it is thoss
intrusted with power when in Office, tha,
prove the hohesty of these professio1s, 1t
such laws As this, tor levying taxes on
mon?ed institutions. that stamps the trae
character Of our opponents. and we defy
any thing like it in the long history Of dem
ocratic legislation. Let the people look to
it---and look closely that they are not de-
ceived.-States. 74@ '@