Newspaper Page Text
- - From tk Philadelphia Saturday Pott.
: FOREIGN wVJS JTS.
ARRIVAL OF THE CAMBRIA, i
-'. TBIBJT LAYS LATER,
Afier we had gone to press, an ex
press brought to Philadelphia the an
nouncement of the Cambria's arrival,
with thirty days later intelligence.
We stop the press to announce the
chief items of news, leaving details for
next week's edition.
The meeting of Parliament, and the
Queen's speech, and the remarks of
Sir Rnbeit Peel and Lord John Russell
in relation to the foreign affairs of Great
Britain, particularly with the United
States, give a very favorable complex
ion to the Oregon question. Sir Robert
reel and Lord John condemn the course
pursued by Mr, Palcenham on the Ore
gon question, particularly his refusal of
the offer of Mr. Buchanan, without sub
mitting it to the consideration of his
Lord John Russell is decidedly op
posed to the increase of the army and
navy of Great Britain, and says that the
ouly need of any increase is the increase
in the possession of that government.
The reduction of duties on American
produce proposed by Sir Robert Peel,
meets with much favor, an! is expect
ed to increase the business of the man
ufacturing districts very much.
The accounts of the various markets
are of the most favorable character, and
and cannot but hive a very favorable
effect upon the prices of American pro
duce in our markets. -
The London' Money Market was
rather tight, and the quotations for
stocks tended downwards.
Sir Robert Peel has brought his new
commercial policy before Parliament.
Willmer & Smith's Times says: "The
new scheme embraces, with a full sense
of their importance, the principles of
. j. K....Aii.. r..
iree iraue reuuuiaies uh uiuiniuuu iu
1 f i i
commerce, manuiaciures, ana agricul
ture; admits corn, duty free, at the end
of three years, with a scale which will
probably oscillate between four and six
shillings per quarter, and at once ad
mits Indian corn and buckwheat free
of all duty whatever.'
The British ministry proposes to re
r1nre tlip. duties on manv articles ex
ported from America to England, as
I -If per cwt
8i per cwt
8 per cwt
16s per load
2s per lb
8 per cwt
8 per cwl
Is per quarter
10s per cwt
10s 6d per cwt
20 per cent
14s per cwt
90s per cwt
6s per cwt
3s 2d per cwt
6s per cwt
hi per cwt
10 per cent
7s per cwt
45s per cwt
Is per quarter
Is per quarter
Is per cwt
Provisions. Lard is more inquired
after, at imniovcd ntices. Horns are
scarce, and more inquired after. Amer
ican Reef is sellinc to a fair extent:
considerable arrivals are expected.
Pot much doing in fork.
Thief .Catcher. An exchange pa
per gives a description of the contriv
ance which Banker Rothschild, of Lon
don, has upon the door of his vault to
prevent incursions of thieves to his
"pile." It is a wonderful piece of
mechanism, and we suppose if the fact
of its existence were generally Known,
his money bags would be periectiy sale.
If a person attempts the lock, or tam
pers with it in the slightest degree, an
iron hand and arm is thrust out from
the door, clenches the offender and
lipids him motionless in its iron embrace
while at the same instant a bell is
struck in a room overhead occupied by
n watchman, giving him notice that his
presence is required below. Should
the watch not get down to the assis
tance and release of the wretch held
by the iron arm in 1 5 minutes time, then
a blunderbuss is discharged into the
body of the trespasser. Thus he is
mercifully allowed fifteen minutes grace
to reflect upon the enormity ot nis oi
fence. We were told, that a few years
Bince, a man was caught by the iron
nipper, and the watchman came to his
. relief only two minutes before the blun
derbuss would have been discharged.
Too True. An African preacher,
speaking from "V hat is a man profited
if he gain the whole world and lose his
own soulf mentioned, among other
things, that many lose their souls by be
ing too charitable! Seeing the congre
gation astonished beyond measure, at
his saying, he very emphatically re
peated it, and then proceeded to ex
plain his meaning
"Many people," said lie, "attend
meeting, hear the sermon, and when it
is over, they proceed to divide it among
the congregation: this part was for that
man, that part for that woman; such
denunciations are for such persons;
these threats for yon sinners and so
they give way the whole sermon, and
keep none foi themselves!" .
' We are gratified to lean that the small
note bill received a signal defeat in the
Senate of Virginia, on Friday last; the
vote was 1 1 for and 20 against it. Thai
was a jo-by sure enough. Argus.
From tht Philadelphia Saturday Pott.
SIXTY LIVES LOST.
Most' awful gale known for yeart More than a
dozen tenth stranded on the Jersey Coast
JVearly half a million dollars damage
The gale of Saturday night and Sun
day morning, was the most terrible one
experienced on our coast for many
years. About sixty lives have been
lost in one wreck-master's district on
the Jersey Coast, and the amount-of
property lost is not yet fully ascertain
ed; but enough is known to say that a
quarter of a million of dollars will fall
upon the insurers of New York, from
lhe wind, through the afternoon of
Saturday, had been light, and a large
Meet ol inward-bound vessels was
crowding everything to get into New
York bay. At nine o'clock, it com
menced to blow a reefing breeze; it soon
made two reefs necessary; close reefs
quickly followed, and by eleven o'clock,
scarcely any vessel could carry more
sail than enough to lie to with. The
force of the gale was from E. N. E.,
but it shifted, for a moment at a time,
to every point of the compass. It was
impossible to claw offshore; an attempt
to scud was to end only in stranding,
and lying to was a hopeless effort, and
beyond the endurance of canvass, rig
ging, or spars.
As a proof of the force of the gale
we may instance the fact of the New
York pilot boat, Mary Ellen, which
caught the gale fifty miles at sea, anrt
having unsuccessfully tried every effort
to keep an offing was forced at last to
go ashore. Her crew, when they saw
shipwreck inevitable, boldly determin
ed to beach their craft themselves: and
fortunately landed her where she can
be easily launched. All hands were
The most melancholy wreck is that
of the ship John Minturn, Captain
Starke, which sailed from New Orleans
on the 27th ult., for New York, having
on board five cabin passengers, besides
the captain's wife, son an.! daughter,
with twenty seamen from the ship Cher
okee, who were coming home after her
loss. The John Minturn struck on
Squan Beach about three o'clock in the
morning. She sheered broadside to the
beach, and heeled offshore. The cap
tain, his wife, children, five cabin pas
sengers, and others of the two crews,
amounting in number to twenty-eight
persons, perished, and among them the
second officer, Mr. .Sturgis. Seven
persons escaped in the boat, but some
of them have broken limbs. The fol
lowing is the list of her cabin passen
gers: Mr. Kohlerand lady, Mrs. Stark
Mr. J. Leeds, Capt. Babcock, Messrs.
Levy and Baker. The names of the
rest we have not yet been able to ob
tain. The ship and cargo are both in
surd. The schooner Pioneer, from Bran-
dywine, bound to New Heaven, jviih a
cargo of corn and flour, struck it about
the same time, and all on board perish
ed. The vessel is a total loss. The
cargo will be saved, but is scattered
along the beach. A bout t wel ve o'cloc k
the schooner Alabama, from Philadel
phia, struck the sands of Squan Beach,
New Jersey, about twenty miles south
of the Highland lights. The crew are
saved. At one o'clock the schooner
Register, of and from Newbern, struck
All were saved but one passenger, who
is supposed to have been crushed to
death. The Sweedish bark Lotty which
sailed for Antwerp on Friday, also got
ashore, and the Oaptain, D liaen, and
mate, were lost. She has gone to pieces.
She had a cargo of grain. The crew
were saved. The bark New Jersey,
Lewis, from Savannah, is also ashore,
and has gone to pieces believed all
saved. The schooner Arkansas, Pierce,
from Elizabeth City, for New York,
with a cargo of corn, was ashore on
Deal Bench. One man lost.
A vessel, supposed to be the bark
New Haven, bonnd to N. Haven, from
a port in the West Indies, is ashore at
Two other ships, names not vet
known, are said to be ashore below the
John Minturn, One of these, it was
feared, was the Orleans, Capt. Sears,
but she is safe in port, having rode out
the gale off Sandy Hook. The ships
Tonquin, from China; New York, from
Charlestown; and II. Allen, from
Charlestown, have also arrived safe,
having experienced no damage. A
large number of brigs and schooners,
mostly belonging to the coasting trade,
have also made port in safety.
It is feared that many vessels are
ashore near Barnegat, LittU Egg Har
bor, Great Egg Harbort and at Abse
con Beach. From these districts news
will be expected with great anxiety.
The district of Squan is under the
charge of one of the most energetic and
humane wreck-masters on the coast,
who has great experience. Since the
Barnegat pirates were broken up, there
are few robberies, and the wreckers
are daring in saving lives. John S.
Foreman is the wreck-master. -
The wreck-master writes, that he
never taw or heard of such an appalling
scene as the beach presents from Squan
Inlet, for many miles south. . It is
strewn with boxes, bales, water-casks,
trunks, goods, wearing-apparel, broken
spars, and the dead bodies, and as there
are but three houses on the beach, built
of wrecked wook, the privations and
sufferings of those who did survive,
must have been horrible.
The gale to the eastward of - New
York was also terribly severe: every
where it is considered the severest
snow-storm that has visited us since
the great storm of 1831. At Boston,
the gale began at A o'clock on Sunday
morning, about twelve hours later
than in Philadelphia. The vessels in
that quarter do not seem to have suffer
ed as much as those off New York.
We hear authentically .of only two
wrecks. The schooner Harriett, of
Portland went ashore on Chelsea beach.
She will be a total loss: the crew saved
themselves by a surf skiff, otherwise
all hands would have perished. The
schooner Louisa Beaton, Cushman, of
and from New Bedford, for New York,
went ashore on the south side of Great
Gull Island, on Sunday at one o'clock,
at high water, and bilged. Her cargo
consisted of one thousand bbls. sperm
oil, and 20,000 lbs. bone. Crew saved.
' From the Philadelphia Keystone.
OUR COUNTRY'S PROSPECTS.
There has never been a period in
the history of this Union, more import
ant than the present. Hitherto we
have progressod silently and steadily.
For a time, war shook our habits, but
the peace which followed animated us
to increased action. Domestic politi
cal difficulties were finally adjusted by
the mighty influences of the people.
For the last few years our advance
ment has been prodigious. Now we
have assumed a position in the world
which is regarded with no little won
der by nil sister nations. The time
was when round the family hearth of
nations, we were looked upon as a
foundling. Now we are beheld as an
'eldest son. The patrimony of liberty
and republicanism tho world over, of
right belongs to us. America is the
heir of all the glory and happiness and
success of a free nnd enlightened gov
ernment. Our position is an all-important
one, Christendom regards us
with feelings of respect, because we
have a powerful influence over the des
tiny of the world.
Our grain, our raw materials, our la-
oor, our commerce, our people, our in
stitutions, our laws, our country, our
position, our resources, nnd our patri
otism, are elements too powerful to be
disregarded, therefore it is, that we
can claim to exercise a commanding
moral influence, at least, in the affairs
of mankind. In a word, our country
and her prospects are absorbing sub
jects of contemplation to all who feel
an interest in the future. At home nnd
abroad these subjects are receiving in
Our present relations with foreign
powers have a deep concern in our fu
ture. England and Mexico are assum
ing somewhat hostile relations towards
as. and it requires firmness and devo-
Hon to the right, to meet and settle the
subject matter of these causes of un
To a country of the character of the
United States, war is neither to be
sought or avoided. To our people, it
is a matter of little concern with whom
our dutv requires us to contend. We
are as ready to meet our enemies under
the British as the Mexican flag. His
tory proves this it requires no new
e'idence of the fact.
If the English government think that
we have any fear of England's powers,
she will find a mistake a discovery
which was made at Lexington, Sarato
ga, and Yorktown. If Mexico for a
moment suspects that she can trifle
with us, we have but to point to San
Jacinto and Alamo both of which
fights were made by our people, and
the victories were attained by the blood
of citizens of the United States.
Fear is unknown to our people.
The only fear as a nation we have ev
er entertained, is the fear to d wrong.
Therefore, we should look to the fu
ture, with a single eve to the greatest
advantages of our whole Union, and
the cause of our country's honor.
A nation that attempts to act with
perfidy towards us, should be promptly
punished but in fair, honest, though
erroneous, dealing, we should be tran
quil but firm. "Nothing but what is
clearly right," isour principle ol action,
out tor ine ngni no concessions.
We make these remarks, at this time,
because we desire that the momentous
question now before Congress, should
be considered with deliberation, and
acted upon in wisdom that no excite
ment should mislead or govern but
that, in whatever is done, our country
should be first considere 1, and her pros-
nects neither impaired or injured by
any vacillation in the cause of her
In war. the DeoDle must do the fight
ingas in peaoe they must be looked
to, for the real benefit of the whole;
and in either event, our couqtry's pros
pects are worthy of the deepest solici
tude in her councils.
The first newspaper printed in North
America was issued at Boston, in April
1704. It was a Government journal
solely, and published by the Postmaster.
rnuaaeipnia claims me next iiuuur, m
1719. In New York no paper was
published until 1725.
THE WAR TJPOX THE CURRENCY.
The war upon the currency of the
constitution was commenced soon after
the adoption of that charterof our rights
by those who did not believe in the ca
pacity ol man for self government, and
who were not satisfied in the enjoy
ment of equal privileges with the rest
of their lellow men. lhe nttack was
made by those who desired rights nnd
privileges above those enjoyed by the
whole people in common; and 'ho
being debarred by the constitution from
obtaining and enjoying lhe preroga
tives ol a feudal aristocracy, turned iheir
anxious gnze upon an aristocracy found
ed on banking institutions, and money
ed corporations, as the next best bles
sing to their first aim, and perhaps the
surest stepping stone to the privilege
of riding and ruling over the plundered
ploughman and beggnred yeomanry.
To aid them in iheir efl'orts a clamor
was raised that there was not gold and
silver enough in the world to answer
the purposes of business; and that pa
per must be substituted. The same
clamor is still kept up; and it is not a
little remarkable with what coolness
those rag barons now turn round and
charge those who oppose their unjust
privileges, with making war upon the
currency. War urum the currency, in
deed ! As well might they, as they vir
tually do, claim that bank notes are ex
clusively the currency the only cur
rency ! I hey have made them so, and
by substituting them have banished
nearly all the O'old and silver out of the
hands of the people, as a circulating me
dium. The Democracy of Ohio are now
striving to restore the constitutional
currency to the people, and how are
they met in their honest efforts? By
being branded as ristrttctives. As wish
ing to destroy wh it? The institutions
of our country, ns the unconstitutional,
rotten and corrupt banks are now term
ed. What recklessness! What hope
less madness! What a ghiring, and
daring perversio-. of sense, and the
moaning of words! Do we look to the
banks to protect us in our lives nnd
property? Are they the source of lib
erty nnd equality? Or will they pre
serve to us and our posterity the en
joyment of those rights for which our
futhers perilled their lives and poured
out their blood like water? Will the
banks take up arms and defend us
against the'invasion of foreign enemies.
or will they avenge us against the
wr.mgs and outrages by which we are
What then are the great benefits de
rived from the banks, which we enjoy?
We will answer. It is the privilege of
bfing swindled by their expansions and
contractions, and rob'ed of our hard
earnings by their explosions. The
privilege of being deluded by the shad
ow for the substance of the thing; be
cause as general Jackson says. ,klt is
one of the ORE A TEST HUMBUGS
ever attempted to be imposed upon
people, that there is not specie cnougl
in" the world to answer ALL the ne
cessary wants of the community."
And it has been shown, by the reports
ot the banks, that there is more gold
and silver in the country, bv some fiftv
millions, than there is bank notes in
We have far more confidence in thp
forecast and disinterestedness of such
men as Gen. Jackson, Thomas Jeffer
son, and others of the greatest men of
our country, than we have in the int?r
ested clamors of all the bankers, nnd
their friends united. The first were
impelled by the purest motives of pa
triotism the latter are instigated h
selfishness, and interest only. Stark
BRIDGE ACROSS THE OHIO.
The citizens of Cincinnati and thopp
of Covington Kv.,on the opposite shore.
have in contemplation the building of n
bridge across th? river- Some of them
have written t Mr. REbling on thp
subject, and we find in thp Cincinnati
Union, the following extract from his
reply to the letter:
"A Wire Suspension Bridge can lf
ronstructed at Cincinnati, which would
span the Ohio in one single, arch, leave
the river entirely unobstructed, form
perfectly safe communication with thp
Kentucky side at all seasons of the year,
pr tve the best paying stock, and at the
same time, a great ornament to the city,
and one of the most remarkable works
of modern Engineering. A span of
1200 feet, (which I believe is the width
of the river at the contemplated .sitp) is
perfectly practicable, nnd far within
safe limits of the capacity of well-constructed
Wire Cables. The size of the
cables, an I other means applied, must
of course be in proportion. The dis
tance from the ends of the approaches
to the centre of the river, would be
sufficient to admit a gentle ascent of,
say 40 feet. Add to this the height of
the , abutments of, say from 50 to 60
feet, and you have a height of 90 to 100
feet, above the river, sufficient to clear
steamboats at a high stage of water.
If economy were a great object, two
piers might be resorted to, for the sup
port of a centre span, of 6 to 700 feet,
and two end spans of lesser dimensions.
But I, for one would, say, do not ob
truct.MLa bella rivierV'-there is but
one in the world."
THE SPIItTT OF DEMOCRACY,
EDITED BY J. R. MORRIS.
SATURDAY, FEBRUARY2&, 1848.
PUBLISHER'S NOTICE .
frt-V. B. PALMER is our sgent for receiving
andreceipting for subscriptions and advet twemenl
in the cities of Philadelphia, New Yorir,Barfimore
and Boston. Business intrusted to htm for this of
fice will receive prompt attention.
Address V. B. Palmer, Real Estate and Coal
Office, No. 59 Pine street, Philadelphia Cotl Of
fice, No. 160 Nassau street, (Tribune Buildings,)
JVew York S. E. corner of Baltimore and Calvert
streets, BaltimoreHa. 10 Slate street, Boston.
ii i in
FOR GOVERNOR OT OHIO,
DAVID TOD, of Trumbull County.
BANKS AND BANKING.
" I do not scruple to declare that, if I had a voice
In your Legislature it would have been given DE
CIDEDLY AGAINST A PAPER EMISSION, Upon the
general principles of its inutility as a represen
tatiue, and necessity ol it as i medium. The
necessity arising from the teaut of specie, is rep
resented as greater than it REALLY IS".
From Gen. Washington's letter to Thomas Stone,
Feb. 19. 1787.
I sincerely believe that BANKING INSTI
TUTIONS ARE MORE DANGEROUS than
STANDING ARMIES "-Thomas Jefferson to
John Taylor, of Caroline, May 28, 1816.
It rs one or the greatest humbugs ev
er ATTEMPTED TO BE IMPOSED UPON A PEO
PLE THAT THERE IS NOT SPECIE ENOUGH IN
THE WORLD TO ANSWER ALL THE NECESSA
RY wants or the community Gen. Jackson
to Moses Dawson,
UNCONSTITUTIONALITY OF BANKS.
By reference to the first page of to-day's paper,
our readers will find the opinions of President
Madison, on the tenth section of the first Article
of the Constitution of the United States, which pro
vides that, no Stale shall " emit bills of credit."
If it were unconstitutional for the States to " emit
bills of credit," Immediately after the organization
of the General Government under the Constitu
tion, it is unconstitutional now, and violation of
the provisions of that instrument should not be
suffered by the American people. How long will
it be, if the people silently acquiesce in this un
doubted violation of the Constitution, betore ano
ther and more dangerous infringement ol thai in
strument takes place? Daniel Webster, in a speech
from which ne have frequently quoted, says:
" Whether the States can constitutionally exercise
this power, or delegate it to others, is a point which
I do not intend, at present, either to concede or to
argue- It is much to be hoped that no controversy
on the point may ever become necessary." The
people say a controversy may and has become ne
cessary, and that they will no longer tamely submit
to open and palpable violations of the Constitution
of these United States.
In taking the high ground that our common
banking institutions are unconstitutional, we are
sustained by the opinions oi our most emineut
jurists. Judge Story, in his Abridged Commen
taries on the Constitution ol the United States,
speaking of the prohibition to " emit bills of cred
it," quotes the ssme paragraph, above referred to,
as expressing President Madison's opinions, and
says that this language was "justified by that of
almost every cqntemporary writer, and attested in
its truth by facls.fram. which the mind involuntari
ly turns away at once with disgust and indigna
tion." He further says: ' It would seem to be
obvious, that as the States are expressly prohibited
from coining money, the prohibition- would be
wholly ineffectual, if they might create a paper
currency and circulate xt as money. "
' What, then," says Judge Story, is the true
meaning ol the phrase " bills ol credit" in the con
stitution ? In its enlarged, and perhaps (u its literal
sense, it may comprehend any instrument, by which
a state engages to pay mousy at a lutuie day (and
of course, for which it obtains a present credit;)
and thus it would include a certificate given lor
money borrowed. Put the language ot th con
stitution itself, and (he mischief to be prevented,
which we know from the history of our country,
equally limit the interpretation ol the terms. The
word " emit" is never employed in describing
those contracts, by which a state binds itself to pay
money ai a luiure uay ior services viuiiy receiv
ed, or for money borrowed for present use. Nor
are instruments, executed for such purposes, in
common language denominated " bills of credjt."
To emit bills of credit conveys to the mind, the
idea of issuing paper, intended to circulate through
the community for its ordinary purposes, as money ,
which paper is redeemable at a future day. This is
the sense, in which the terms of the constitution
have been generally understood. The phrase (as
we have seen) was well known, and generally used
to indicate the paper currency, issued by the states
during their colonial dependence. During the war
ol our revolution the paper currency issued by
congress was constantly denominated, in the acts
of that body, bills of credit; and the like appella
tion was applied to similar currency issued by the
states. The phrase had thus acquired a determinate
aud appropriate meaning. A t th time of the adop
tion of the constitution, bills of credit were uni
versally understood to signify a paper medium in
tended to circulate between individuals, and be
tween government and individuals, for the ordina
ry purposes of society. Such a medium has always
been liable to considerable fluctuation. Its value
is continually changing; and these changes, often
great and sudden, expose individuals to immense
losses, are the sources of ruinous speculations, and
destroy all proper coufideuce between nan and
man. In no country, more than our own, had
these truths been felt id all their force. In none
had more intense suffering, or more wide-spreading
rum accompanied the system. It was, there,
fore, the object of the prohibition to cut up the
whole mischief by the roots, because it had been
deeply felt throughout all the states, and had deeply
anected the prosperity of all. I he. object of the
prohibition was not to prohibit the thing, wheo it
bore a particular name; but to prohibit the thing,
whatever form or name it might assume. If the
words are not merely empty sounds, the prohibi
tion must comprehend the emission of any paper
medium by aatate government lor the purposes of
common circulation. It would be pteposterous to
suppose, that the constitution meant solemnly to
prohibit an issue under one denomination, leaving
ine power complete to issue tne same thing under
another. It can never be seriously coQtended,that
the constitution means to prohibit names, and not
things; to deal with shadows, and to leave substan
ces. What would be the consequences of such
construction.' . That a very important act, big with
great and ruipou, mischief, and on that soceunt
forbidden by words the most appropriate for its
description, might yet be performed by the substi
tution of a name. That the constitution, even in
one of its vital provisions, might be openly evaded
by giving new name to an old thing. Csll the
thing a bill of credit, aal it is prohibited. Call the
same thing a certificate, and it is constitutional,"
If the people become satisfied that banks are un
constitutional, can they longer tolerate them? Can
they to far forget themselves, in their eager desire
for gain, that they will trample under loot that so.
ered Instrument? A well might they at once aay
that the Constitution is dtad letter, end disregard
it in every particular.
FACTS FOR THE PEOPLE.
, The democratic Editorial publishing committee,
at Columbus, art publishing a work, in numbers ,
of eight pages each, entitled "Facte for tho Pea. "
pie," intended for (he coming' campaign; It it
filled with excellent articles on the currency, and
can be had jit BO oeots per hundred copies, just the .,.
cost. Orders will be supplied, by addressing the
"Democratic publishing Committee," Columbus,
Ohio, ' , "." ' 1 "
Tax Bill. On the 25th msL, the House of
Representatives passed the ne Tsx Bill It had ' '
previously passed the Senate, but as (here were a' '
multitude of amendments passed in the House, they .
must yet receive the sanction of the Senate.
The bill to incorporate the Belpre and Colum
bus railroad has been postponed till the first Mon
day of December aexL
From the Ohio Statesman and Ohio. Press, wo
give, below the doings ef the Housees Represen
latives on the Tax Bill which heretofore passed
the Senate. These proceedings are somewhat
lengthy, bul to the people of this county, tbey aro
of more iutereat than any other subject befcxe tho
Legislature. Our readers will perceive, that thi
is a bill for levying taxes upon all property id
this State, accoidiug to its true value." Well, if
all property, under this law, is taxed, wa guess
we shall have to kill that old hen ot ours, especially
if she be tsxed at her true value, because she rai
ses so many chickens (four and five broods a year,)
that our taxes would be very burdensome.
the tax bill.
HOUSE, Feb. 1?. The House resolved itself,
into a committee of the whole, upon the orders of
the day Mr. Stanley in the chair, and proceeded
to consider, by sections, the bill for levying; taxes,
upon all property in this State, according to. its true
Mr. Drake moved to amend by" including, as mn-.
ney, liable to taxation, deposits.fccheldiD trust,,
in any charter; which was agreed to.
Mi. Cowsn moved to exempt accounts for goods
sold, or services performed.
Mr. Cowen remarked, that great inconvenience
had been experienced in making up duplicates uon
dsr the law of last winter, in consequence of the
principle he wished now to discard. It was sub-,
jecting the tax payer to great difficulties. . .
Mr. Drake opposed the motion. The adoption, .
of the amendment would exclude a heavy amount
from the tax duplicate, which ought, in justice, to.
he taxed; (he aalea of good amounted to a heavy
sum, and no goodreamn existed for exempting act
counts thus contracted. They were as available
and valuable a many other subjects of taxation..
The amendment was lost.
Mr. Ball moved to amend, by exempting one.
cow, eight sheep, and five hogs, unconditionally..
Mr. Drake said, it should be borne in mind,thin
this was a bill to lax all property according to its.
true value. The amendment of the gentleman
from Muskingum (Mr Ball) would cutoff three
millions of property at one fell swoop.
Mr. Ball supported his amendment, which bo.
contended was based on a just principle.
Mr. Cowen did not look upon the amendment
as of great importance either way. Tbe proviso
ion of exemption, until a man shall have one huiK
dred dollars, he regarded as sufficiently liberal. In-,
dividually, it was quite unimportant; collectively,,
it was a matter of great importance.
The amendment was lost. .
Mr. Drake moved to amend the 14th section,,
which exempts one cow,eightsheep,and lour hogs,
if the owner have no other property amounting to
one hundred dollars subject to taxation, by stri
king out the words " amounting to one hundred
Mr. Ball thought the provision, as it stood at pre-,
sent, was unjust. For example: if he happened to
be so unlucky a to be worth just one hundred do!
lars, be would have (o be taxed, while his neighbor,
who happened to he worth uinety-nine dollars and
fifty cents, would go free, i
The amendment waa lost.
Mr. Cutler moved to exempt books it, family,
use, not exceeding twenty-five dollars in value
which was lost.
Mr. Tipton moved to exempt the books ot Phy.
sicians and Attorneys, not exceeding in Value,
Mr. Dial was decidedly opposed to the amend
ment. It was an unjust discrimination in favor of
The amendment was lost.
Mr. YVillford moved to exempt from taxational!
persons not in possession of property to the value
of one hundred dollars; which wss Inst
Mr. Drake moved to include books in the house
hold furniture ($100 in the aggregate,) exempt
from taxation; which was agreed to.
Mr. Williams, of Coshocton, moved to include
jewelry, in the articles subject to taxation.
Mr- Ball thought it hardly expedient, to hunt up.
ladies' linger rings lor taxation.
Mr. Dial had no particular objection to subject-,
ing thosp articles to taxation, but the measure,
would provoke the hostility of the ladies.' He
thought if the gentleman from Coshocton dssired
to be populai with (he ladies, he had better with
draw his amendment
Mr William, disclaimed all intention of fishing,
for popularity. This law proposes to tax pincbt
back watches, and he could see no good reason why
jewelry should not also be included.
Mr. Flinnsaid if every thing waa to be taxed,ani
mate and inanimate, he did not see why jewelry
should he specially exempted. It was an article
not of tise, but of ornament. Let those who go in
lor the ornamental, pay for it.
The amendment was lost.
Mr. Richey moved to amend by exempting:
twenty-rive sheep, and eight hogs, which wss lost.
Mr. Knapp moved to exempt printing presses,
type and materials used in printing; which was lost.,
Mr. Flinn moved to amend section 8, by stri
king nut the requirement that all statements of
property subject to taxation, ahall on the demand
of the assessor, be cei titled by oath.
After a protracted discussion, the. question was.
taken on said amendment, aud lost
the tax bill.
HOUSE. Feb. 18-Mr. Ball moved to amend
section 9, by striking out the word "two," where
it refers to the age of horses liable to taxation, and,
inserting "three," which was lost.
Mr. Ball moved to amend by making cattle of
two years subject to taxation, instead of a year and
a half; which was carried.
Mr. Ball moved to amend by taxing bog over
three months old, instead of six month; which -
Mr. Reemslin offered an amendment, that all -
banking companies should b taxed for the actual
amount of their capital slock in cash. Lost
' Mr. Old moved to strike out tbe clause exempt, umm
ing bankers from being taxed en their capital Lost
Mr. Cowen offered an amendment exempting
from taxation aUl Railroad, Turnpike and Bridge
Companies, and Slackwater Navigation Corapa
pies, the net profit of which (ball not exceed four
per centum on their capital.
wr. niKgin luoveu su uivuaiueoi w uiv menu-
ment, extending the same provision to, all other
' THE TAX BILL. . . i
HOUSE, Feb. 19.-Mr. Old moved to amend
so that all banking institutions should pa,y.taxe on
the whole amount of their capital stock at it ac
tual cash valuation. Lost
Mr. Olds moved so to amend tM po farmer or
laborer should pay a higher amount qi taxatioo in
proportion to their capital, tbn th hanking insti
Iqtion. Lb it . '
Mr. Rsernelin moved so to amend (hat real -late
ahould only be valued when listed tar taxation
as in a stste of nature aside of all subsequent im-
Jirovementi; regarding only natural advantages,
ertility ol coil, and it location in regard to in.
crease of public improvement. -1
Mr. Flinn moved to amend so that real property
should be listed at itscaah valuation, instead of it
value or credit tale, which wa carried.