The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1860-01-10

nor present. ldNS VIII Keep HtT CullulhN
dependent on her wiser and moro indus
triouS sister States.
The most insignificant town in a manu-
featuring State possesses more cash capital
than the whole State Of Michigan. Pitts
burg has over $l,lO0,000 in coin in her
banks, while Providence, II town of Al 900
inhabitants, loans to its own citizens and
others no less than $lS,OoG, 900 of cash.
Look at these humiialing facts, and con.
solo yourselves with the reflection that
your groundless prejudice against banks,
capital and manufacturing corporations
has had the eject t. drive from your State
these three political ghosts, leaving you in
/ commercial poverty and half Your people
enjoying the blessings of idlencss. If the
experience Of other counties fail to i'm
/ press rs with these most important lessons,
our own necessities may ultimately mpmt
valuable truths that the people will he
/ slow to forget.
The taxes on thl three leading Railroads
in the State. whose stock is worth on an
! average Of about 90 cents on every dollar
paid, together with the specific taxes on
the -four things called banks, and the taxes
on few fccbr manufacturing cpppmtions
that arc still struggling for existence, sup.
port nearly the entire State GoIcrnmont,
I5aving the great mass Of property holders
To pay only the township and county taxes
whore they reside.
A bank in this city, with carial Of
not over 100000, paws a tax of 80 900
for chartered privileges that are not worth
acccI ting as a gift. The only bar iron
manuactor You have in Your Stat, pays
Il specific tax Of : ,2j0 per aunum, while
nearly tn" same amount Of capital in Hi
! noS, where the laws discriminate in favor
of manufactures is taxed but $50. The
tax in this State is eight times rs much
as in Illinois, on the same capital. II
Pennsylvania levied the same amount Of
tax on her railroads, banks and manufac
turing capital she would raise tax on lhese
three items Of $2,5OO,000.
If tho people of Michigan expect pros
pcrity under such a crushing system they
will surely be mistaken, for there ar but
few people who feel patriotic enough to
bring their money here for Investment for
the barren privilege Of supporting a State
Government while all other classes Of pro-
pcrty holders are nearly exempt from its
burdens.
Thc provisions of our absurd Constitu-
ton practically prohibit fair and Legitimate
banking.
If any Of our citizens want money they
make out mortgage on thci, best plopor-
ty. 90 TO some Ea tern manufacturing
town. get 80 per cent of the estimated
value in cash, pay 10 per cent on the loan,
and . per cent to The broker who ucgo.
tiat.S tn same. # We h9l COOL banks
with ample capital al tairbu,:n-ss uon cod
oct money at : per cent without aay ,X.ga
share for commissions, and without tho
vcXations trauhla Of bonds and mortgage
The people Of lh's STATE ARE giving ~,
theory Of No Bmla, No Manufacturing,
and No Cop''1l, q tiir aud thorough tr!al.
and It's t. be hoped they viii become
fully satisfied witt he practical working Of
lh'" th'oly n'.o'e chIN-" j. lna"', Tor
1t seems '""' a''"'n2 snort oi Po''i..'
necessary n'.>'r! anu likeness al e'tiolh'
co. ~ '"1'a'h' 10 o. pen 'h'if 'H'' !" t"'
"n'"'. '-'',! '"- moods taat If'' t'''e !i'''
".'>'' ana "H" ''''H l'i'u..,"N have rom
'''I," ~, . '''n' III, '',|' "i'N 'l'f' ,...
,, "' remedy j." ''' ''eS. no CONDITION o'
'"','SI Is 20 '''"'S' our '2'ate CONSUMING"
""a L"N'' 80 - y MAKE II an OBJECT ''r
Pi'"!'>'' |" Co,ne among U.s. ',a!I man"
''',u'ihG G,S'ao'iS"'i!'o's ana r,'''''>h D",.NS
ana ~ 'n' same 'i'He use aL our P'"N,''