Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-09-25

WA. Sssotiu ~ HHIH atq " tiptaE ~ III,
| claim tbaf Hnber sHf oftoT bs1dj Nfichlisl
4 but n conversioni ofi caniviI3 shalLfba rated
4 as annual income and taxed as snch.
| In Ohio we already have this tax On ap-'
i ricIIlturp. ~ the shabe az q fax on 1VfIsIft
which, at two dollafsA19allbnIis Iism6fe than.
i i 1.b0Oper heutaonits value at theplaee whore
4 made. The. growth. of, corn. in Ohio, for
l which our. soil and climate are sothvbfIu
able has beeI aGfeatlb96 pf6rhoted, byIShgi
! distillation ofWtfie) efnir: lwIIi le fheriIeapi
er transportati ON lpf the crop in, thi is,forn,,
and the demand for the produet abroad,
gave permanence to the 1maHufacttif6.Us
/ The incidental feeding dFDiT68s, 70 Nifhlch
the distillers, looked for theiri profits, gave
abundant Supplies of pork TOR food, AID
4 Hard to be converted into oil ana candlesII
thus .preyepting othef flaHufaettress More
than One-tbird Of all tie whisky made Was
at once, cOnHetted Into alcohol for use in the
arts aud 'fot ddtnestic purp0 res! oTheit tax Of
| two dollars a ga1lor' on Whisky saa1Otints to-
II a tax OF more 'thsh four dollars a0gallol on
alcohol, and thus drives iE out Of use, wheh'
its price is raised to five dollars gallon, fn-l
| stead Of the seventy cents atwhich,it form
| erly sold. Tbfs destruction 6f The use of
| alcohol, is a destruction OF that much de0
Il liand for corn, and accofdihglyt the great
crop of Ohio and of the whole Westis pr0P
| p0rtiBnatepS fhiured.J j q mont f1o5rs sidT
-Cpbaevsiti6 IN this ta,r lreadv U felt hveornI
growers and bisyisible 10 eyery one, While
| the market nrice If corn for dfstiliafionn' re-
mains a. ifs farner' nom paf Tata aHH be
nTica Of y1(slsv SIso rgTaSins. at itS Gorn,4r
iy0najni r,ts rthe hnlancaI fter navino Or faYl,
the ry1frhasi,, On valne' of both is redmced to
LITTLE more than half their fnrmmar NJ SvvaIIIe1 Nv
| The anGmented fnrice of eyervfiindi eistta
| Shd II n Hh atIsWhfad 4hat tbese oTI1entefb
| nrices of eyervthinT else are the resnIt Of 81
| denreoiated, dtirreneU, IN matters not to the
corn. Trower. for tbe nrices OF corn and lis
| nrodTcts raIrnainn wtthoiit CHANGE ~ llEs|
HTheTe is lstiiI In athpr evil j tor this, ennrs
n,rns YandflI6dnp' IN nlaces the business Of
distillation bevond the means of ordinarv
men to carry it ON. -as they formerly could:
and now none. but persons of great capital
and largo credit az q % 4 ftiS,iiS fbe hrs
mess. ana INNS the nsni, fsrthrs "a carried
on atb few placesy and tthe. marked for
cornlisproportionate embarrassed, -
The views hero g;uen a 70 snnh os heIong
70 n great conmarcial nnestioh and IN is
here freatetI i'm no other view. for IL ia no
moral innestinn u Theronlv 5Tower given to
| ConDress, for taxation Il to Law taxes, for
revenne,, They have no mower n Law taxaMs
| to sIInnressT 'nrodilnfoh or 10 limit 'c6ni
sr1mI1fioiIli mTiehlIess have they the mower
Ito 0tpress, tlelIabOr of none section of the
bcountry for the benefit of another, section,
or to gratifv the oninions of a class on
| 11uuestiSn Of morals Err gT0i 1oi~-Ts1f4 f47'oT
AEfhe diIestig1i III aI1n,enbed ibriees iforlaIl
ordinary, articles nfGconslrmbtion here, all
luded t0. "a one. that, must he further nur-
sued., When this war began. we had everv-
where a naner clIrrencv5o 5of mi form va1iie.
| ana avervIyhprell eottaT tb coin Rt the rlanp
bof issue. ibecarisn, redeemed in, coin on de-
mand- This Quality of redemntion in ma
Der money was the unfailing safegnar3ih
the preservation of a, iust balance of trade
between our own coIIiltry and other coun-
| tries. IF Yfhe bai5nFei6f Trade WAY aSainst
ne thar halaocp ,ca1seT an.fvnortof, coin.
which al. once produced "A Contraction in
our bank accounts. a conseuuent' '1imirrl-
finIn of fmnnrTytsH and a st1pady adiI1stTnbnt
I ~ rhe debt in nrbyijehtlv made Now we
HAVE nd cherjIs Is onr currency rbeins ire
deemable. and coin mere merchandise. there
iS no check on imnorts. and no check On
ivath nSI,reb 1st md 6eneiaI cons,Irnnt,on
exchnt tbe6 int,ibjd,,aiY sense Of dhiIity M
naWf The imnortation, of Goods and sun
niles from abroad outruns the amohnt of
products we sell. by more than Sl00O0hU6O |
4 1vear-a slifere1ce With In lortJihaty
h htiifies woula work a speedy ban krutteyG !
But n riowiib is postponed and covered blythe
export oil h1OVernule0I, DOlQS,f Wnlcn mas |
the same effect as if the debt for goods was |
paid by a note, aud that note rene wed when |
die. lSH iuo gr1'"g 'l ''u0ds elqu9q
o. The loss of1thatfG9Dtroling power, over |
commerce here alluded to, which results |
naturally from the conservative laws OIL
trade, is due etitircly to- the action ref the
Government in displacin9 the natdralbsn
circulation of the country, and substituting
G0vefiihIent paper money iIDitSstead.d'T i
When the Government found itself call
ed on for large expenditure in its prepara-
,tions to, suppress insurrection, and was sol
destitute OF credit as to be unable to Dor
row, the hanks Of New York. 9Phladelphia
and Boston came forwRnl with sall offer to
blend the Government. Sl00000, ,000. and to-
take in lieu of it a like amount of six per
cent. bonds at par Without this voluntary
act Of the banks the Government was pow
Jetless. 1t could not then have been .eX-
peeted that within, the space of two years
the same Government would have turned
upon these banks to supetsede them with
new scheme of banking, and with a threat
ened penalty added it they did not Weld
and aceept the new scheme to tax them out
ofexisteuce with an imposition of an anntal
benaItvo Of ten per cent. CON the Amount of
theIFcifcdlation! Il IL .f1aTT0P r IAN
hi yuh1, lcaoso.J ior
ed rue th5.,oo,,9tr, that the hont.S of a.
Statns Sr SaJ @ 'S airsulation S Of % $iS6 oS0 060 @
,.S;s 1yaTeS mau money barrowsT 'froU
the n,hiic' S;thaSIt .intarest' and thaf tha