Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-03-18

,cess to valuable coal fields. He thought
le bill ought to pass.
Mr.. GORDON was opposed to the sale of !
lat section OF the canal on general prin-
Iples. He thought the State should not
art with one~foo of of its public works.
Mr.. HUGHES, of Butler, thought the
ill fixed no adequate compensation for the
ale of these works. He Thought to sell the
ubfic works would open up a. huge mon
poly, as in Pennsylvania and other States,
where they had sold their public works.
Mr.. WARREN wanted more such mon-
poles in Ohio. The. canal was of no use
or canal purposes. He desired the bill to
)ass. hn-5Hs sHtsit'ti --'i ft'
Mr. BALL favored the. BILL The canal
vas worthless fiioft = geer ssi1-eie.<l |
Mr.. HUGHES, of Butler, feared that if
he State commenced selling these works
here would be no stopping point.
Mr.. HORD thought competing railroads.
would reduce freight. He favored the pas |
,age of the bill. f
The yeas and nays were called on the
passage of the bill. and resulted-yeas 73, |
nays 15. So the bill passed. Il ffs
On motion OF Mr.. FIELDING, the House
took a recess. i4'iss g.tao
AFTERNOON SESSION.
H. B.. Mr.. ROBINSON-To authorize
of the "Galion Building
capital stock of the Company. was read a
third time and passed-yeas 67, nays 3.
Mr.. CANNON offered the following
resolution, which was adopted:
Resolued, That no member of this House
shall, during the remainder of this session,
speak more than twice nor more than (30)
thirty minutes on any one subject without
-: l.. -okx d. thoc nso 81 Il
of the Speaker to enforce the foregoing
tsisl Alsa .TsssssFs.E .-s..s5R
SPECIAL ORDER.
The House proceeded to the considera-
ton of fhe special order, being T
n. B. No. 24S. To amend section six of an.
act entitled an act to amend an act for the
assessment and taxation of property. in the
State, and for levyiDg taxes thereon. ac-
eording to its true value in money, passed
April 8, 1859, passed Feb. 25, 1862. - -
Mr.. LEWrON continued his remarks on
the subject of taxing U. S. bonds. -s7
Mr.. JEWETT said the question of taxa
ton was before the Convention that franz
ed the Constitution of Ohio; and the SUBJ
ject of taxing all bonds and securities un-
der the Constitution, whether issued by
the State or United States has been settled
by that instrument in favor of taxing them.
He thought it the duty of this Legislature
the Constitution of Ohio from taxation, be
placed on the duplicate that it may bear its
Just proportion of the burthens of taxa
tion. 9Iat-4 ~
Mr.. WOLF denied the right of this Leg
islature to pass law to tax United States
bonds. He could not respect this attempt
TO tax bonds-for he regarded it clearly un-
constitutional, and he was not bound under
his oath TO vote for such measure. 1t
would violate public faith to tax United
States bonds. He would vote against the
bill because it was wrong. ,.i. .e. :.
Mr.. SCOTT, OF. Warren, said this bill
does not differ essentially from the law now
in force. This bill requires bonds to be
taxed OH the average amounSof money In
vested in them during the several months
of the year. This is done to prevent per-
sons, day or two before the Assessor
comes around, from converting their money
into bonds so as to escape taxation. He be-
lieved there were millions upon millions OF
money that thus escapes taxation in Ohio.
He regarded this as unjust to the tax pay
ers of the State.
Mr.. SHERWIN would favor the bill If it
accomplishes what the gentleman OF War
rem thinks it does. But he thought Mr'
Scott's construction of the average spoken
of would only require one twelfth of the
amount to be taxed. He thought this
would let out more than it brought in for
taxation. He would vote against the bill
Mr.. SISIER thought the attempt to catch
honest men. He thought the bill as il now
is would work ipjuriously in its effects
upon society. He would favor the bill ii
it did not seem to tax men twice upon the
same property.
Mr.. SAYLOR thought the object of the
bill was to tax the average amount ol
money on hand during the year invested
-, hot co ha
the bill, because this money ought to be
taxed.
Mr.. THOMPSON, of Columbiana, said
the present bill does not work uniformly
If man has 100000 constantly invested
in bonds he will escape taxation on the
greater portion of it. Merchants take the
highest and lowest amount invested in
goods during the year as means of getting
the average adding their moneys and ac-
counts, and dividing that sum by twelve
If the bonds are held but OIL g month, only
on e-twelfth of their value will be taxed.
Mr.. KERR, of Fayette, thought it wrong
to tax men for money not on hand when
the assessor comes around. He thought
the present bill was defective in in its pro-
visions in that regard.
Mr.. HUGHES, of Butler, said if it was
intended to make all money vested in bonds
subject to taxation, it would be better to
say so in the bill. AS the bill now is he
could not vote for it.
the hiii He tbouoht II wonld work badly
ond nrodnce Great ;nennaIitv in taxation'
Mr. SCOTT' of warren. moved to- re-
so;nd The yote h1 which tho hill was mr.
S.red to he en9rossed The Honse agreed
Mr. SCOTT ot Warren. then moved thai
it be referred to select committee OF
five.
nI p inUSoI NJ fron, o so,oot comn,it.
toaIA h;II 20 ct oor;1o tho Roard ot Pnh.
i;o wnr,os - ~ ',rohasa 60 T,,,nh of the nnnor
-. ~ Ma,;o1 ~ r"aS hr;d%o ocrnss rho Wps.
I;nn,'n r;uar at zanesv;lis os IL s;tna,ed
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