The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1859-02-16


Senate bill repeating the Free Banking Law of
1851 A motion to reconsider the vote was
made aud laid on the table. Numerous petit
tions were presented and appropriately referred.
The House was mostly occupied in the dis
cussion OF the bill for the relief j ohm W Allen,
which was passed,
In the Senate bill was introduced by Mr..
Phelps, supplementary to the act of March ii,
| 1858, to regulate tho election. contest oCelec-
ton and resignation of Justice of the Peace; al
so bill by Mr. Greene to extend the time of
payment forsection sixteen, Ludlow township,
in Washington county
| The bill was passed to authorize the Town
Council of the incorporated village Of kalida
to levy tax for the purpose oferecting suitable
school houses.
A lengthy discussion was had upon the pre-
amble and resolution introduced some days since
| by Mr. Schleich after which the same were
adopted. They are as tollows:-S Statesman, l0h.
hist.
WHEREAS, By the Constitution Of the State, it
is provided that claws shall be passed, taxing
bya uniform rule" all the property OF the State,
and that the General Assembly shall provide by
law for taxing the bills and notes discounted or
purchased, moneys loaned, and all other proper.
ty, effects, of every description, (wthout deduc-
tion,) ofal banks noU e1iStihg, or hereafter Gre
ated, and OF all brokers, so that all property en-
pOyed in banking shall always bear burthen
of taxation equal to that imposed on the prop
erty # individuals:
AND WHEREAS, In pursuance OF this whole
some provision of the organic law of the State,
the General Assembly, at its first session after
the adoption of that instrument, passed an act
requiring the banks to contribute equally with
citizens to the burthens Of fGoverrment; which
reasonable and Just requirement the banks re-
sisted, shielding themselves behind an alleged
contract with the State, contained in the char
ters- thus placing themselves above the legis,
lative power, from which they derive their ex-
istence, tramping upon the Constitution and
defying the people whose sovereign voice adopted
that instrument
AND WHEREAS, This assumption on the part
Of these corporations, clothed as they are with
powers and privileges for amassng wealth de-
MED to the citizen; corporations which demand
at the hands Of the Government ample protec-
ton of all their rights and property, and yet
refuse to contribute equally for the support Of
that very Government, whose protection they
invoke, has been twice, at least, revoked by the
Supreme Court Of the State.
AND WHEREAS, The present General Assem-
bly, in discharge ofits plain duty under the con-
stItution, immediately after the last decision OF
the supreme court again aetused to sanction
this assumption OF the banks that they were
higher aud beyond the constitution and the peo
pie Of the sovereign State of Ohio, passed law,
requiring them to bear their equal share Of the
burthens of the government, which law these
corporations have obstinately refused to obey,
and in order to evade its provisions, have sought
to prevent tha State from performing their sworn
duty under the law, by injunctions and other
expensive and harassing process from the tede.
raj courts therefore.
Be it ResolUea, By the Gc;eral assembly ofhe
Stale Of Ohio, That it is the imperative duty oil
the legislature to protect the citizens of the
State from the onerous burthen sought to be
imposed upon them by tho banks, which while
they ask at the hands Of the government the
same protection afforded to natural persons, yet
refuse to pay their equal share oftaxes as 70.
qured by. the constitution, and seeking to cast
the whole burthen of fsustaining the government
which extends its projecting care owe oil, upon
the people alone. 4a.|' tf b.a
Resolved That the finance committees ofboth
houses DO instructed to report bills enactine