Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1842-11-11
From the Ohio State Journal.
NEW TANGLED MEASURES OF
RELIEF.

their currency, the universal dePrecIa
ton of the value of property, and as
natural and inevitable consequence,
food of distress which is every wher
depressing the poor and the middlln
classes OF society. The general de
preston and prostration has been sup
erinduced in a time Of profound peace
and when all the wheels of industry ant
enterprise were in rapid and successful
motion.
This change 10 the condition Of tn
country has been attended by an amour
OF decentralization never before witnes'
sed except AMID the scenes Of a lorelg'
war, when all the loose passions Of So
ciety are given scope, and human na
ture puts on its worst and most licen.
tlous aspects.
The revolution in financial and mon
etary affairs which was experienced
was commenced under the preiexi tina
a "better currency" and a better regu
lation Of The exchanges could be provi
ded by State banks than under a Ma
tional Banking institution, subject to the
control and aided in its operations By
tho General Government.
Well, six years have we been enga-
ged in The painful Iabors Of Sysiphus
and in that time have thousands beer
reduced 10 Bankruptcy, credit, public
aud private, destroyed, the march ,Ot
improvement, STATE and National, ar
rested, and at last find we are floating
with, a shattered hulk on the sea of trou'
bles. The authors and agents Of this
vast ruin and destruction refuse TO re-
trace their footsteps, and the people
themselves seems to have becomec cal
lous to the haIJshipS they have endu
red, and continue to countenance the
vain efforts OF empires and demRgogues
TO mark out new courses to wealth and
prosperity, instead Of returning to the
beaten paths which have been tested by
wisdom aud experience and proved TO be
The only guIdes to safety and happiness,
Whilst the leaders aud expounders Of
Locoloco Federalism persists in follow
ing after the ignis fatuus which has
so long bewIIdered them aud eluded
their grasp, they acknowledge the in
suhCleHcy Of all their schemes to i'm
prove the currency, or supply the place
Of that which has been destroyed, by
proposing new e~Xpedients which a on
ly operate like opiates and a~nodynes up.
on a constitution ia a state Of palsy and
collapse, from the misuse OF rightful re.
medIes aud oVerdosing with noStrums
and patent medicines.
We have noticed, within a few days,
f7o@ as many different States. three
propositions for relieving the public dis.
Iress, by making money more abundant
than the currency thinkers happen 10
have left it just at this moment.
The first comes from Tennessee. Mr..
Turney Of tho Loco(oco Senate,
has submitted a bill to provide for the
Of So 600 900 of Post Notes, on
The part Of the Banks. This is the up.
shot Of the hard money crusade in Ten
The exllrpaIion of convertible
paper has been accomplished, and the
adoption Of an irredeemabIe and depre
paper circulation only remains.
In Missouri, Gov. Boggs, newly cleo.
ted 10 the Senate Of The Slate Leglsla-
ture, has made public q plan he has con-
for realizing the Bentonian Col
den Age Gov B. proposes that the
shall create five millions Of bonds,
bearing no interest, which shall be de-
poslled ia The Bank OF Missouri, whore
ON the Bank shall issue the same amount
of trust notes, Of the denominations Of
los, eos, SOS aud 100 dollars EACH
These notes are to be loaned to the peo
pie Of the State on bond and mortgage,
aud are TO ba receivable for debts, on
penalty of a forfeiture Of the creditors
remedies al law. The business Of bro
kefage is to be prohibited, aud any cit.
izon or corporate body that shall attempt
10 purchase trust notes for less than
the par value, shall be- mulctsd in hea'
w damages. This plan, il carried into
it is believed, will cause proper
~ ofGHk kinds 10 gain its intrinsic p%aIue;"
aud "the means w,H be furnished the cit.
ise"s (of the sla,e) Of purchasing this
property and paying their debts" Was
any hing like this eVer heard Of since
the days OF John LawR
The third and last plan of relief halls
from Illinois. A meeting was held at
Peoria, on The l8Ih ullimo, where the
project Of potitioniOg Congress TO raise
the standard value Of the precious mel
ais IRON one hundred TO five hundred
per cent was discussed; after which
three petitions we're put 10 circulation
and Dumerously signed for that object.
Thus ii lie that Loco(ocoism struggles
blindly and obstinA'ely on! The people
bear its yoke mrekly-lhe rich grow
.tul , ~ -