The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1856-03-19

MIR PRESIDENT: / am not vain enoug
TO suppose that anything which ca
. :ssy viii change the vote of any Senato
upon this bill. may adopt the Ian
gusgeofMr Madison in the Constitution
-nlConrention, when the question of tax
ing bonds was under discussion, and say
CT know that my opinion is of no ayai
with you-I do not belong to the sam'
political school with you-you have NJ
coincidence in me, and I have no coDf
ldence IN you upon this question. Sc
there is perfect reciprocity between US
There is scope and margin enough how.
ever, for honest differences of opinion,
and am bound to believe that there is
no settled purpose to do wrong" Blu,
-the minority on this floor, though small
in numbers, yet represents large pub
lie sentiment on this question, and We
cannot allow this bill to pass without
giving the reasons why our Judgment
does not approve it.
zsM My frst ohjsction to this bill is to
sthe ffth section, wi ich defines the mean
siag ofthe word credits It is as follows
z. The term g credits wherever used in
this act, or in the acts to which this is
aneadatory, shall be held to mean the
scxcess Of the sum Of all legal claims and
demands. whether for money or other
salusble thing; or for labor or service
due or to become due, to the person IL
abls 10 Psy taxes thereon, including de.
posts IN any bank when added together,
testimating every such claim or demand
sakits true value in money! over and
zabove the sum Of the legal bona ide
debts owing By such person"
This section is n mere attempt to
evade the decision of the Supreme Court
Of Che State of Ohio, in the case of the
Exchange Bank Of Columbus vs.. Hines,
- reported in % Ohio. The tenth Sec
fiouof the tax law of 1852 has the fol-
lowing provision. ain making up the
amount Of moneys and credits which any
person is reqnired to list, for himself or
any other person, company or corpora
tion, he shall be entitled to deduct from
thegross amount Of moneys and credits,
the amount of all bona fide debts owing
By such person, company or corporation,
for . consideration received" The
bank had commenced proceedings to en-
join the collection of taxes assessed
against it, for the reason, among other
things, that by reason of the deductions
authorized by the tenth section, the bank
Vas eompelled TO bear more than her
lust proportion of the public burdens.
This cause was elaborately argued by
Mr.. Stanbery and Judge J. R. Swan,
for the bank, and by Mr. Pugh, Attor-
ney General, Judge spalding and Judge
Warden Cor the State.
The eonstitutionnlity of that 10th
section was fully considered by the
court, and their conclusions are set forth
Ia the able and elaborate opinions OF
Judges Bartiey and Thurman. That
court, .Irdge Ranney dissenting) de-
cided that such deductions we're not au.
sthorised by the constitution, and that
the 10th section was void. That deci-
sion binds you and me, Mr.. President,
cyery senator and every public officer,
until It. is reversed or overruled. do
6ot presume to review that decision, and
Il needs no endorsement at my hands.
suf6esit to say, that it has met the al.
most universal appfobation of the pro-
sfc6sion a. good Law. and has been acqui.
sEs6sd ib with hardly an excsption, BY
1tsry oficsr having any connection with
fbs s6llsssis1 of the public revenue.