Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1840-12-01
From tbs Cincinnati Advertiser.
MATHEMATICS CANAL SHlNPLAS-
4 TIERS.


CANAL SHlNPLAS-
TIERS.
The people, /. seems, have at length
opened theireyes 10 The Wlliany Of this
swind.ing ibslnuIion; aHd are now retb.
sing tulske its Irresponsible, worthless,
and Illdgal paper. TINS they should have
dane many months ago, aud thereby they
would have saved the community from
a heavy lUss. TAey have prolracied their
refusal Of il Just long enough 10 answer
the purpose intended, 10 wits 10 enable
The company, collectively, to prosecute
the work; aud 10 enable the delinquent
snbscnbers, Individually, TO pay off lher
stock with the depreCiated paper. Thus
Two knavish purposes have been served.
BY The failure Ot the stockholders 10 pVy
ia the stock, The work had TO be suspen.
ded; bus the bold iHfracti0n ofthe law IN
issuing paper lOr circulaiion, under pre-
tence Of issuing notes in payment Of tie
work: and under thai pFetexr, a large
circulation has been thrJwn Oat, by
which the double, or we may say ireb'
lie. purpUse has been served; lhe work
has been prosecuted, the stockholders
enabled 70 pay inlO Inc company lheif
stock, with, perhaps, btt on the dollar;
Tor there is no knowing how valneless
line paper may become; and the company
Iiseli may pfoht largely by the deprecla'
lion, ~ buying 'tiT the paper; and thus
have the c0mmuHlly to bear Inc expense
OF etecllng The work for the benefit OF
the few IndlvuaiS who compose The cur
pany. 4H
! was easy 70 comprehend mat me
company could NOT, wIll''n lwelVe lnon'ns'
redeem the paper, more than u could
have paid Oft u deb ior money borrowed
to hnsh The WORK suppose 'hdl deol y
have been contra led by a iOfh 10 bt
paid ~ lwelye' oF even eighteen months
there beng no other iund 70 tra" upon
for money to pay IT, but the mere pro
tuie Of the canal; which, hom the man
Ier The work was conducted, would pro
dnce nothing until the whole was com
plsted, the debt could MOI have been pad
'Fhen, we ask' how can these notes b.
pad N Twelve mon'hs ailer dale! w
answer, not ut all , ... ,...
+. Here, then, the unfortunate working
men employed on the Canal, have been
in the trsl place, shaved Of the q scOut
upon The no'es;and lh0selO whom the
4 L a a
, have been passed, IN the course "l elrcu
lalion, heye had 'helr snare OF me sha'
ing operatlon' ana 'ne nha' h"luer IA
the greatest loss % Oear' receiV'I'
little Or nothing tor Inc notes and non
benefited ny The transaction "Hl the II
dlvIduals composing lhe company An
thus IS one branch oi Inc paper c'enit sy'
tenn which our Presldeh' elect has pledt
ed h'inseli 10 support ~
u y NOT pIaln mat lh's heaVy loss WI
now be sustained by The community, b
means 81 Inc iiresp0ns'blIly"i me STOCK
} h"IdeIs' Individuality Tor The debts OF III
company HAD they oeen' ny me cbaI
'ef' made resPnhsIOle Tor inc deC's, W
would nave had no cltcula'l"n OF mole
J by the company; '"r there w"nId hay
oeen 20 prom, ny me credl'; me no'e
must nave '"'Ien d"e before me Cana
coHld nave Produced fithas lor 'he'r ply
mem, ana iHe s'ocNho'ueFs mus' HGV
} PaN lGeW rom 'leIf PFlV"'e iunis' Du
h"w' lhe case Is u'Hefe"i--'"e comPan