Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1902-01-10

during the current year, and the other half
during the year commencing ON the 10Th OF
November, 1902,
TAXATION
| The total amount of money, paid into the
| state. treasury. during the year ending on
the 10th OF November, 1901, was SS,O3C,-
42S29; OF this amount nearly ,two-thlrds,
| or S5,407,T7S.22 were raised by leyies upon
r., real and ana personal property In 60 Ohio 63 90 IT
came from sources of revenue other than
such levies. This fact was great relief to
the tangible property in the state, and for
Il credit should be given to constitutional
| laws enacted within the last twelve years.
Such laws should be widened and extended,
PROVIDED without a resort to real and per-
sonal property. The advantages which will
follow the attainment of this end are many:
| The tangible property VIII be relieved of
| a portion of the burden which II now bears.
There VIII then be no occasion for the state
valued more highly for the purpose of tax
ntion. than the property in another. The
tlon comes only when state taxes are to be
paid. Then taxes upon property will be
levied only by the county, municipal and
township officers. Taxation will become 10.
cal, and IL the officers responsible for 1t
are derelct in the discharge of their duties,
they live among the people whom they
and elect other officers who will wisely per-
form these duties. l believe that this
| CNunge IN Ine HHnneT Oh rHlSlnH revenues Oh
the state Is so advantageous that 1t ought
to be heartily sought for by you. During
your present session 1t will be very great
pleasure for me to consult with members
of the senate and house of representatives
and with the proper committees OF these
two bodies, with the purpose of ascertain
Ing how we cah best accomplish this obJeIt,
SO beneficial to the people OF our state.
CORPORATIONS
During the last two years much has been
said upon the question as to how corpora
| oh ha "a md IN
evils which arise from the misuse of cor
porate franchises may be, minimized; or en-.
publicity is the only sure remedy. In my
Inaugural address, delivered on the Sth of
January, 1900, spoke as follows
Every year the amount and magnitude
of the business being done by corporations
, organized under the laws of Ohio are rap
Idly increasing. Under our, present laws
pose for which individuals may lawfully
associate themselves, except for carrying on
, professional business. These artificial per;
sons, except insurance companies, railroad
, companies building and loan associations,
and certain banking companies, are prac.
tically under restraint by the state and
make no reports to her officers Large min
Ing manufacturing, commercial and other
: enterprises are carried on by and through
them. Because they are created by the
state, and possess certificates bearing the
impress of her seal, people are led to be-
. lieye that they are safer. to do business
, with, and are more entitled TO credit, than
D are private partnerships and individuals. In
} very many cases they are less worthy oi
, confidence. They are authorized by the state
I to do business before one dollar of the CAPT
4 tai stock has been paid. This Is an unfortu
' nate condition of affairs. The state, before
a and permits them to do business, ought C
require that all their capital stock be paid
r In money and invested in the business they
! purpose to transact. She ought to max,
: sure OF this fact by reports made to soln'
: | competent officer. We should go further
D and require these companies to make an
NVsa1 Apt1 ln f1nI md hn
o spected by the officer indivated above. Thi:
: report should show, among other things
/ how, much OF the capital stock has beer
paid, how the money is invested what tn,
r assets are, the amount of liabilities, ant
4 the names of the stockholders In fact, there
!, should be such a record of every corpora
y tlon that the people may know at all time
| whether IL Is worthy of credit and conn
/, dencc / believe that with some such regu
. | lations as | have Indicated Ohio corpora
tions would be placed upon solid hnancia
. basis"
i The sentiments which then uttered
- now desire to rea1lirm. The publicity whcl
would be given by such action could not, b.
: any possibility, injure really worthy an
sound corporation. Il would protect TN
public against unworthy and failing cor
porations.
As matters now stand the secretary o
state knows nothing about n corporation
after 1t leaves his office with charter fror
the state. lie cannot even tell how man
OF the forty thousand or more corporation
chartered by the state during the last fift
a years are now dead, nor how many are still
" living The state creates the thing, author
ii lies 1t TO do business, sends 1t out In tn
"a cold and knows nothing more about II fol-
. ever. II is high time that change shoui
= be made.
. 1t will be lawful for the state to charge
IA fee for the filing of the annual report whic
contemplate In these recommendation
s. The general assembly, in determining hoy
much this fee should be, may take into cor
q sIderation the continuing benefits which III
Do state confers upon every corporation. /
this way the revenues Of the state may b
s3 lawfully and largely Increased, without In
posing an unjust burden upon existing col
o2 poratlons or discouraging the creation G
10 new ones.
Os THE OHIO NATIONAL GUARD.
y The Ohio National Guard Is composed G
% eight regiments of infantry, four of whic
have twelve companies each, one eleve
es companies, one nine companies, and ,tw
n four companies, II battalion of engineer
ie three, companies, two troops of cavalry, an
rs the ef guard is 6.256. They % are located I'm in
" counties OF the state. After the close ,
re the Spanish American war.a complete T.
rt organization became necessary. This ht
r. been accomplished in the face of some diff
u culties but l am assured that the standar
IN OF efficiency and discipline was never bette
Sc than 1t now Is. The officers and men al
ut among the best in our state, are young, VII
n orous and have entered this service fro
l high motives of patriotism. Their compel
D. sation is wholly inadequate and is only pal
of to them when in active service. In ord'
be to be proficient, it is necessary for the
at TO spend many nights eacn year IN urlllS
as their armories. and for such service the on
reward they have is the consciousness tn;
en- they are making themselves competent
ed. be good soldiers in case the state nee!
of them. If the peace of the state should
to seriously disturbed, the national guard
III the only body upon which We can safe
cd rely for the restoration of law and orde
al l therefore commend these young soldiers
al the support and good will of the gener
on assembly and of the people OF Ohio.
re We have been fortunate during Il
last two years as TO have had but two o
IN oasons which required the use of the guar
'-' a serious riot and the destruction of pro
erty took place in the city of Akron, in A
ne gust, 1900. Three companies of the Eigh
ty regiment and the Fourth regiment respon
tie ed promptly to the proDer call, and, in lie
IS than twelve hours aIuer the dlsturban
ch commenced, the Fourth regiment travel,
do l25 miles and reached the scene theret
ch Their presence had the desired effect, qui
tic was Immediately restored, the courts
mt sumed their sway. and more than TWEEN
"a rioters were punished as the law reQuir
De- for thier msdeeds.
he l ordered the entire National Guard in
In camp at Canton, Ohio, on the 18th, is
iis and 10th of September last, and to this ci
5,4oO men promptly responded The ocC
1t sion was the burial of the late presldeI
en- William McEinlpy which brought maj