Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-08-18

haA !GoLD closed in New York yesterday at
al467s' ,qsiI - 2. 80 = : ;iitas ? "a
Radical lTaxattou-The Bondh0ld-
ers vs. The People. 7pa
A table before us, published originally in
the Cleveland Plain Dealer, shows the condi-
tion OF the ore hundred and twenty three
{, National Banks of Ohio, not including
those of Cleveland and Cincinnati. From
the statement we learn that on the first
Monday in July these banks had, as part of
their assets, to secure depositors and circu-
Iation, eighteen million four hundred and
[ six thousand four hundred dollars in Gov
.ernment bonds, on which they draw an an
nual interest of seven dollars and thirty
cents for each one hundred dollars invest
ed. Allowing less than two million
six hundred thousand dollars for
the amount of bonds held by
the banks in Cleveland and in Gin
cinnati, and we have, in round numbers,
twenty two million dollars in bonds held
by the Ohio banks, drawing an annual in
terest of one million four hundred and
sixty thousand dollars. -.s-s sr
On these twenty. million dollars thus
held, on which these brokers draw near
one and halt million dollars in interest,
they pay not one cent of tax to the State
or to the General Government. h
These bonds in money value more than
exceed the taxable value of all the lands in
the county of Licking, With all the real
estate in the towns, and all the personal
property added. Less than the same mon
ey value of property, in Licking county, paid
last year tor State debt purposes. S24, 1867
49-for the support of the State Govern
ment, $40 13S.73-for the support of COM
mon schools, $26, 1S035-for county, town,
bridge, poor and othes taxes, $1s5, ,79224-
making in all two hundred and fifty-six
thousand two hundred and seyenty-seven
dollars and eighty-one cents for, taxes
In Ohio, to say nothing of the large
amount the people of that county pay on
the same wealth towards the support of
the General Government, with its vast
Standing Army, Freedmen's Bureaus, &C.,
while on larger amount of property, in
bonds, the Ohio Banks pay not one single
cent. :, rfss - ~ a. ~"
% While thus the bondholder escapes tax
alton on his $2OOo00O0 In bonds, because,
as the advocates of paying them IN gold say,
. they loaned their money to the Government
IN the dark day of It's travail, the soldier
who, in the same dark hour, periled life
and limb to uphold the supremacy Of the
Constitution and to prevent the disruption
OF the Republic, was paid his miserable
y pittance in greenbacks. If his bones were
laid in an unknown grave, or if he survived
the war, no matter how crippled, his prop
erty, If any, has to pay taxes. The bankers
iot Ohio, with their twenty million dollars
in bonds, pay no taxes to the State, none
toitbe county, none for corporation, town
ship, bridge or poor purposes. The mise,-
able shanty of the poor and crippled soldier
is taxed to aid in schooling the bondhold-
er's children-taxed to keep up the police
force that guards lis person and his bonds
from being stolen-taxed to make the roads
that the banker, with his million in bonds,
traverses-taxed to support the war that
enabled the bondholder to accumulate his
wealth. Yet, out of his abundant wealth,
the banker on his bonds pays no taxes. And
the party that supports General GRANT
z seek, by his election, to perpetuate this
state of things, while the Democracy, true
to itsancient faith, stands solemnly pledged
In favor of .sequal taxation of every species
. of property according to its real value, in
Guiding Government bonds and other pub
? lie securities" which, when carried out, as
carried out it will be, will make the twenty
million dollars now invested in bonds in the
q National Banks of Ohio pay just as much
tax for the support of Government, as is
now paid by the entire people in the thriv-
ing and populous Democratic county of
Licking. ..-z.-
Gl1s When this is done, the bondholder who
sold his gold and bought greenbacks, and
with the latter purchased his one hundred
thousand dollars in Government securities,
paying forty thousand dollars in gold for
one hundred thousand in bonds, will pay
just one hundred times as much tax on that
wealth as the poor soldier is forced to pay
: on his humble dwelling worth but $1,000.
This is as it ought to be, and this is as it
will be, If the people are true to themselves.
The Democracy have SO resolved, and
never did the Democratic party take a
. stand on great principle but that they
warred in its favor until it was crowned
with success.