The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1865-08-31

suthorises every state-and every cor-I
porporasion il the Union, which pos-
sesses the right Of taxation, TO burden
the exercise Of this power at their dis.
oretion2 If the right to impose the
tax exists, IL is q right which, In It's
nature, Acknowledges no limits. IL
may be carried to any extent within
the iurisdictian Of the State or corpo-
ration which imposes II, which the
will Of each State and corporation
may prescribe. A power which is
given by the whole American people
for their common good, which Is to
be exercised at the most critical peri
DDS, for the most important purposes,
on the free exercise Of which the in
terests certainly, perhaps the liberty
of the whole may depend, may be bur-
dened, impeded, If not arc ,ted, by
any Of the organized parts of the con-
fcderacy. %1T y y
A contract made by the Government,
in the exercise Of its power, to bor-
row money on the credit of the United
States, is, undoubtedly, independent
of the will of any State in which the
individual who lends may reside, and
is, undoubtedly, an operation essen
tial to the important objects for which
the Government was created. thought,
therefore, on tho principles settled in
the case Of McCullooh vs.. tho State of
Maryland, to be exempt from State
taxation, aud consequently from being
taxed by corporations deriving their
powers from States. F" Thus spoke
the highest judicial authority of the
United States in 1929, Gn 2 Peters;
542,) and upon the faith Of this de-
ycision was all the money lent during
this war given TO the Governments
In the year 1862 the same question
was again brought before the same
court. The State Of New York sought
to do Indirectly what the city Of
Charleston had done directly. An eff
fort was made in New York, under
the guise taxing property and capital
Of banks, to thus reach the Govern
ment stocks held by the banks. But
the same high authority unanimously
held that this could not be DONE
Judge Nelson, the Democratic mem
ber Of the court, delivering the opin-
ion Of the Court. h ig.
1t was held l. "Stock Of the Uni
ted States is not subject to taxation
under the laws Of State" 2. "a
State law for that purpose is uncon.
stitutional, whether it imposes the tax
ON United States stocks co nomiae, OF
included it in the aggregate ofthe tax
payers property, to be valued, lik,
| the rest, as its worth" (Sec. 2, Blacl
620.) This decision was based upol
the one above given, and adopted tn
reasoning ofJudgo Marshall. Judg
}, Taney was at this time q member
the court, aud eoncurred with Judg
Nelson in his opinion. Hts y.f1r
, Now these decisions were wei
known TO Judge Thurman when h,
presented tho resolution under con
: sideration. What did he and tn
+, other leaders Of his party mean? Die
; they mean 70 deceive the people, o
do they intend to ovcrrule these de
0 cisions and the Constitution of th
c country. What say you Judge Thur
$ man? ~ HfG aa rl .oir4ifuunsl
let the Government and thepeopl
D observe good faith toward all, towar
a our brave soldiers, toward our citizen
who freely give Of their treasure, i
] the darkest hour Of our country
S need. Let the people, atleast, bcwar
: of the counscls Of those, who, at this
! time, were unwilling to vote a della
u to food and clothe the soldier, an
who were even seeking in all waysltl
= ruin of our country.-C1mmercidL