Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-12-14

y - 'u,hSIleu IN the Teport
of The Board Of Public Works, at the last
session Of the Legislature, an additional
sum Of about nine hundred thousand doI.
lars vii! be required 10 complete that
work.
From these data, not protesting to be
minuteIy exact, but which, doubt NOT.
are near approximation to truth, it will an.
pear that the debt owing at this time. for
labor done, with the estimate Cor tho
work not yet finished, and part of which
is not under contract, will together amount
TO about ) $i,355,O00. OF the Miami ca
nal and extension, being one hundred
and ninety one miles, including a nayipa-
BILE teeder,) there remain eiobtv ei9ht
miles, TO complete the navio9tion from
Cincinnati ON the Ohio, TO tbe Man
NEE Bay. When this work shall be fin.
ished, there will be seven hundred and
ninety three miles of canal owned entire
Iy by the State, ahd including one hum
Idred and twenty ono miles of canals cnn-
structed by companies, in which the State
has an. interest, there will be nine hum
dred and furoen miles of navigabe canal.
within the limits of Ohio. These enduring
evidences of enterprise and wealth fra.
verse tho State IN such directions as to
drlw to them the productions of the rich
est agricultural and mineral regions of
the State, and bring markets 10 the door
OF the farmer and mechanic, for the pro-
t ducts Of their labor.
! The amount paid into the treasury from
these canals during the present wear. is
$4S4,7J9 l8' When the route through
} the valleys of the Miami and Maumee
shaH present an unbroken communica-
. ZION from the Maumee Bay to Cincinnati,
{ and the Muskingum and Hooking Ca
G nlls, now quito fnished, shall be in full
Q operation, il is obvious, that at the pres
e ont rate Of tolls, the receipts into the
. treasury will enable tho legislature greatly
\ 10 diminish the taxes, The amount las I
: have shown necessary TO the completion
i Of allcontcmplated works,now unfinished,
C will ada comparatively little TO our exist.
ing debt; and that sum Is necessary to
b enable US to use those works on which
c large expenditures have been made; ex-
Q pendituFeswhich nusibe quite unproduc-
G tive until the works to which they were
8 applied shall be completed. In the exis-
+ ting state Of the moaey market, the de-
o rang en- ents Of tle currency, and copse-
Q quent embarrassment Of trade, it is not
9 probable that loans 10 any extent can be
; made during the present year by sales of
+ stock, on fair terms, either in the Atlantic
l. or European markets. Should any favor
s able change be effected by the action of
0 Congress upon the currency, during the
: present sessionof that body, its influence
IS would undoubtedly be feltin an increased
d facility given TO every department of bus
o iness, and in that case, a sale of stock on
r terms more advantageous to tho. interest
n OF the Slate, might be expected. In the
n present condition of the national coun-
a ellis, any measures in that quarter, tend.
|. ing towards relief from the evils that have
9 80 long operated with malignant energy
/ uponuthe currency, are scarcely to be
, hoped for, and certainly not to be at all
L relied upon as basis Of our legislation,
Q Should the sound banks of this State
}, whose charters will expire in 1S43 be re-
o chartered, or their capital bo transferred
d to any new scheme Of banking which the
9 Legislature may enact at this session.
Q there is good reason to believe that loans
r might be obtained from that source, tho
interest on which would be payable in our
own Slate, aud thus we might be enabled
from our own capital, 10 carry ON 10 final
! completion our own public works. OH
or means there are, undoubtedly, by
: which the sums necessarytor carrying for
ward our public works might be raised,
: which the wisdom ofthe Legislature NAV
, devise, but the foregoing has occurred
to meas most safe and p acticable, upon
the suppcsitOn that some general scheme
Sf banking shall be Cdopted at this
time.
In contemplating the future operations
of the Stale in the management of her
public debt, we should not forget the late
act of Congress, making distribution Of
the proceeds OF the sales of tho purlc
lands smong the States. The amount 10
DO received by Ohio, under this bill, must
Of course depend upon the quantity of
public lands which shall he annually sold.
The best conjecture upon the subject,
would probably give at leat $500, COO to
Ohio annually, for the next four or five
years, and when the large amount of new
lands, held by individuals, shall have been
sold, the dividends to the States may be
expected TO increase, with the increasing
sales oftho proper public domain. Under
the act of Congress, the fist distribution
is TO be made on the first day OF June
next. | regret to observe a desire mani
tested in various ways to effect a repeal Of
this most sautary law; one that has SO Of.
tell been passed by both branches in Con-
gross, and after having been arrested by
executive power, was fortunate at length
in gaining the approval Of the present