Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-04-10

ubllcNc IudC bucy WOulu pdtiVhoiy SuUhiibbo
seeing the hundreds of millions of property
invested in banks, insurance companies and
other moneyed corporations, Withdrawn
from taxation: nor will these companies, In
return, allow rival corporations TO repu-
diate The obligatlons whlcn thel law imposes
on their fellow-citizens; In many localities
the rateof taxation Is Already Two ana tliree
per cent. on the amount Oh Vaiuatlohs, win
every probability OF an increasing ratio IN
the future; ana as all the banks organized
under acts OF Congress evade this burden,
interest and seli-preserVatlon VIII induce
the State Dahks 10 1orego their present Or
ganizations and assume an allegiance 80
mucn more prontaple IN !ts character. "
Ihe outstanding circulation OF the banks OF
thls state on the 18th OF December, 1853,
was $36, 034,255, on capital OF SlO9, ,535,7So
being only S4,538,363 In excess oil the c1rcll.
lation of 1857, when the aggregate capital
was less by S5,5Sl,OOS. This fact proves
conciusiyely that whatever evils the COM
mty Is now shs nan S she
door OF our banks which have always con-
lined themselves 70 the ORDINARY channels
OF business, unseduced by the temptations
around them. :.
10 meet the OUTSTANDING liaDlllty ABOVE
statea, the banks heiu at tne same period
$zt,oSo,o69 IN spec1e, packed Dy deposit IN
trust Ia the BanR % %Department % OF securieles;
amounting TO 5l,46Z5oi. while they held
the obligations OF the ne y M National government
ior more IMAM $zOO,OOV,VOU' let these ihsu-
tutlons, SO strong, SO prudent, SO patrlotlc,
nave noG ceasea M 10 encounter tIe .S seternlln- %
ed hostiilty OF tne secretary OF tne treas
ury, ana through MN, OF unirienoiy con-
gresslonal actlon, untlllG mas Decome prop
lematic whetner tney VIII pc aple 70 mann
tam their existence as otate organizatlohs
against the partial ana oppressive actloh Oh
the national authoritles. IL Is the CRIME Oh
our system tnaI IL stahus III gne way oi
| gIgantlc scheme Oh centraiizaCioh py Whlcii
the whole banking capltal OF the country is
70 be Droughtundcr tne domlnant influence
at WashihgUoll, anu II noG Ihaue seDservl,
eno 10 Che aul2ulous views oi tlhahcla,
secretary, az lease 70 Decome Gne i4ot-pail "
" cohSressio.iu poliLicians, anu supJect W
all tne mutations Wnicii aCIenu upon tne
new anu paIrioCic prihcipies WHICH hiark
that locaiity' - +.
Questions of constitutions, nreroootives
| SuesCions vi cohsIltuCionti PIeioSatiVes
upon which men OF the highest intellects
nave uiilereu, tliu C,iaC WHICH nave ueell tile
supJece OIL stuulous inquiry SINCE the ioriha-
lion Vi Che uovelnileht, are uisPoseu vi III
am hallheI So hlppant US w lease Ieasoi- o,l
aDle eoupt wnetner the PROVISIONS Oh tne
Oonstitu'ipn m are regarueu Us OF any o,uautng uug
vallalty' Ing inssitusl9ns I1 ~ uie , SIaoes'
cIea.eu py anu ane.la9ie @ w no g.ilI[ h,,a, au-
tnorlty, are ulscnarseu Irou, thelr 9pliSa1,
tlons 70 tne power from Wnicn tney derived
tneir Deihg, ana as cooiiy trahsierTeu oyer
10 lanother Jurlsuiction as u plckpocheC
wouid empty tne contents OF coun;ny-
nIaLs ;., WALTZ ;;i W has oWm ,otaS ,a;tT;n
Wlta speclal Privileges are pla9teu M wittlll Sttn
ana as II tney were panks Ior @ tne nureure
OF CONGRESSIONAL onshoots. Inc sovereign
right OF otaoe 10 tax tne properly u .hs i.s
cltlzenS Is Irea'eu as nuilSy, ~ wa,,sV is Jug
inequaiisy taus Rrouuced ~ lielu ouS as =,