Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1861-01-08

H|As II "a - rt-A - aA.--l
20 1sllis r.; l48 800,
Total value Of real estate $3.50, ,s94,31l
Value o personal property, 24s,4Os,2sO !
sriy in 1860, ssss, ,sO2,6Ol
As compared With the several amounts
on the duplicates Of 1859, this shows an in
crease in thP quantity Of land Of l90,66S
acres l. M Y LaLlO
Increase in the value Of land, not in the
cities aud Villagss, 81 54 l68, $50
Decrease Of value Of real estate
j, in cities and villages Of s,s7&es0 |
.ha1Wd3ago a1slu fH sHoe-r-=------
Total inc. 10 value ofrsal estate, S45, ,7sO, ,807
Total deoreasa in the value of per- lsgd 4
VI, sonal properly ~ 3is5l ,65l
Tbs basis of ftaxatiOn being $685., ,3Oz, 6yl, 4
and the STATE levy for al purposes thirty
nine and half cents on each ons hundred
dollars Of valuation, the total amount Of
taxes for State purposes on the duplicate Of
1850 to be collected during he > ear 1851, is I
So, sos, ,712, 3d. This sum e distributed
pHons the several funds in ths following
proportion, Viz; -r.---I Z t.-.-a
The gen1 revenue, cts. on
p each sfOO, sa's1 a'a p SfO9, ,S28 o4
The sinKingfdnd, ITIs2 cts. on 'adi 'agaa''
40 zach $780, ai sciasaa0a B55l55T5 II
The Common School Fund, "A ~ %. iss7sI Z
q cts. on each 800. n -ss.sl lS242sll, 78
The taxes levied By local authorities
amount to S7,813, 968 Al, making total Of
S1O,81f,67e "a, levied on the duplicate Of
| Igs0 1Iir tl iat Idl1ai lldl iu1 5000 a.-i.i &
From these exhibits, 1t win Be seen that
the taxes levied for local and municipal pur-
poses far exceeds in amount those levied
for State purposes.1aI cannot doubt that
with proper vigilance and economy, the
local taxes might be considerably lsssened.
The property holders Of our cities most par
/ tienlarly feel these burdens; and with great
| justice ask for some prescribed limit to To-
/ cal taxation. Ample authority is given bY.
1 the Constitution 70 the Legislature to re-
| strict the feyies Of Municipal governments.
I respectfully call your sttentiOn 70 this i'm
p0rtanE subject, and trust that youmay be
able to provide some relief for the people
from the oppressive local taxes with which
they are now burdened- ~ r-qs- s-.,7
| Invite your attention 70 the suggestions
Of the Treasurer Of state, relating 70 the de-
scription Of funds to be received in pay
ment Of the public dies. The law establisb-
ing the Independent Treasury, while pro-
Viding for the gradual prohibition Of pay
ments in paper money By the State and
County Treasurers, and restricting the
payments to gold and silver after the 4th
day Of July, 1866, does not prescribe, moi
does any other law prescribe, the kind q
funds to be receired by those officers. Thin
is manifsstly q defect in the law snd is
inconsistent with its frame work and pur.
pose. The responsibility ought not to be
imposed. upon the Treasurers, to prescribe
the kind Of funds to be received in payment
Of the public dues. This should be done
By The General Assembly. by oWn 0pinion
that the public interests Wouldbe promo
ted by restricting such payments to specie
and the notes Of the specie paying Banks
Of this State, and respectfully recommend
that the7lsW be amendsd accordingly. ee
The subjects Of banking and currency
address themselves with equal force anC
= directness to the people Of the State
Whatever theories We may entertain OF
these subjects; whatever Ingenious and
beautifaI visions Of people without banks
: and gold and silver their only currency
the practical realities are bafoFe US
We, have banks We have paper money, ~
) | a matter Of fact, banking is but one Of thi
: divisions Of labor into which eommeree il
/ subiivided, and among every commercia
e people the business Of the banker is as in
dispensable-as that Of the shipper, trans
: porter, or consignOr, in tFansacting the bHs
: mess Of the country, The practical ques
: ton which addresses itself TO the legislsto
E is not whether the State may or may no
: dispense with the use Of all banks, bu
0 | what is the best system or plan Of banking
0 for the people for whose interests he i
: called upon TO act, and how, and 10 Ehs
{ extent, should it be applied. = u
e And SO also Of the currency Of the State
! So long as the people Of Ohio are in bust
8 ness connection with the people Of othe
Z States. we are and win be In the reeeip
and use Of the issues Of the banks Of ofhs
States which circulate with the issues 0
our own banks, of which % the extent O
9 their existence they take the place and be
] come the substitute, The practical ques
ton is not whether, We are to have pape
4 money, or gold and silver as the oommOl
] ! currency Of the State, but whether We ar
] to have the issues Of foreign BANKS, OF o
, banks existing within our own State, re
1 sponsible under our own laws, and regu
lated and controlled by our own action
The experiment has been tried, not only II
Ohio, but in several other States, Of dis
o pensing with bank issues under SIate au
0 lthorify, with one uniform rssUlt--the intro
! dncti0n Of q debased foreign currency, in
: convertible into gold and silver with al
the disastrous and demoralizing conse
o ouences Of such 8 currency. We shoul
learn wisdom from our own experience q
well as from the experience Of other State
o in this matter. At thisvery time Ohio ]
a suffering great Inconvenience and los
> from the deprecated currency of otbe
States whose banks have suspended th
= payment of specie. It was to obtain relic
: from such currency that our existing sys
! ten of banking was established under tn
! act Of 1845, creating the State Bank o
: Ohio, and other banking companies.
It appears from the quarterly report o
! the Auditor, for November last that tbeen
tire banking capital Of the Incorporates
! banks Of the State is, viz:
: So branches Of the State BankOf 81
f ,lo45O0
: / 7 Independent Banks............--. 632, ,284
| IL Free Banks...............-.....-.. slz46oO
| The entire circulation At the same time
was viz - o54 -
q B.anches of State Bank--.--.-..Sl ,4o3s959
Independent BaIlks--..--.- 5I5,6s5