Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1870-04-07

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Tae latter dem sn3srthe one-fittk p.<ssn.
ger mosas. tho ether Rnderisr iariiqui-
,iation the a,nonsh pa;i by him (st the nc.
quest OF St,te offisials )sca aecoun IN of or.
change on s. ate ietcrest dnefani pava-
hle In bonion. ] The adoption by the
Sen.te.o Of the ''GarrnlI resolntions'' or
hose Of Tho uaino:itvios the Finance Gon,-
n.iissr. as pressoird hvD Seuatot Brrle,
wauid have resulted, / think. in a. far.
polisic aid Observation-Disclosures of ali diff
Sercnccs anitiisiarltiesi "A tedious suit
atriswisreE tift. most exhibitions or ,le-,
siFs siezwsv nies.eisas a settlement In
compatihiit.r If Vie W. on cnr very I'M.
pertsut .poias, has rs.nai and still stands
in taaway o. a specify 1arran cement of
ttis,Raiicosl Aifacu!Iy. MrTiarreti. on
the one hand. ia pFeDqrai TO waive alt
c.-in for cx i',an ge, 6h. :, sndlto cav the
amDuat nor de-: on pr sss's1er fravci, pre-
viss4d the state wiz rcpaal ties lsw ,i,at
imposes this .purtitea Or taxaoa the Bai-
t:asore asd 0.io R,ilnoa,l ss to- the fri-
'ufe ,Ehc stale On :ise other b md ttiIas
is iea'3ing politicians opposed 10 Railroa,is)
is very wii,ns 70 close with the proes-
sal. provided the Railroad will c,,nsent tn
= repeal of that provision or clanse Of i,a
charier that exein nts all its capital aorI:
on,; profits from S.iie aa.l conuiv taxa
ton, Tais ,ths D,ltimnye and OIio Rail
road viii not ecnsant TO 10, aal coasil-
crinr that is property within the Siatai
Of Marylanl an 'nltS 70 twenty millions
nul outsid; the Safe Ia at least thirty
moro. It i no, very surprising or unrsa-
sonable tha, it should hesitate tn part With
so import mt . francAis. as is its present
ex2mpti1n from MI State and county tax
aqen. II was very wro9g AMI short
sighted in the STATE perhaps 10 have conseD-
ted .o Nj; exemption. hat it did Sc in or.
der TO indnat capitalists. b'th IN sul out
side ill liza IS, - psIi:: csa'a.e oF tiieir
prop rty il an experiment whose fasl
resal Is, whether of gain or roin. was at
tha; day 60 wears agc) very prctlemAti-
CT decd. For many years ruin hung
over the company, their stock !cl! /, ST.
aad S3S per share. II has proved. how
eyeI, :; Success, and now commands Sis
per share. Uadcr sn;Ih cireum stance. ii
is ulressonabl. to ask them. the. i Iii !
more aud Ohio R,Ir5ad c mp1nT, to
forego tbs Important frspehis;. impor-
tspt as il effects the pre- cnt and most I'M
roFtant as It viii cifec, lis future in err.
c -.
II this connection. I mas: obssrv, tia.
bill has passed oac brauch of tic leg
stature to make all Railroad property IL
able 10 State and copsty taxition, and
that there is yery little doubs of i,s be-
comiag law. I: is aimed more par.ic-
ularly at the B.ltimlre and OHIO Rl-
roaa aul Of course vii give rise to iaw-
sui. Of gigantic proportions and impor=
tauc9- Harry the msn who may b; re-
tlinea on one 81 ieor The ether. It viii BE-
provision for lis Children and gtaai-
children aui their heirs forever. Sionl
the CoIrt Q! last resort (Sn9rem, Court
Of the Ua;iel States) leeds that such law
"a constitutional, it will bting ir4o the
S;,ta Treasury rpwa'd Of SlSo.0 .0Jo a
y-ar at present rate OF taxation, with cer-
tain prospect Of great increase Of amount il
nc distant future. .-.. ......... ........
an ~.H .t oootn ith'
.t .--.