The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1842-12-15
lerest and Legislative duty.


bank pager a. circulating medium, then It
would be proper 10 permit the thirteen exsng
bank, whoso chartered powers are limited 10
January, 1913 and the twn other-, Limited 10
January, 1874. TO expire. This wOu'd only
leave eight banking Institutions IN tine St"le,
whose charters falling IN within few yeare,
would bring US, by gr aduaI slePs,to melslhc
currency alone, 50 far as our owu legislation
could enforce such stale Of things. However
disastrous 10 the Sta,e such course Of policy
might be, It would obviously nflct less evil
upon the country, # arrived at by a Glow pro-
ces,, than 5y-a sudden and total change Of The
system now existing. Should such course
of policy be adopted at the present session, in
order to avoid the supposed evils of paper mo-
neV, It will be necessary also TO enact laws
fObddng The circulation in this State Of the
bank paper Of any other Sale or country. The
laws of trade will still bring Bank notes into 1
OHIO, IN despite Of the exciuslon of our own
paper, whilst ne'ghborng States have banks,
unless baok paper OF all descriptions shall be
expelled from our borders by laws 10 ,het er-
feet If, however, the known will of a great
majority Of the people, and what has hitherto
been considered our true interest are taken as
guIdes, it will become the duty, az doubt not
II wtIl be The pleasure ofihs Legislature, to
adopt al .he p eseut session such syslem, IN
reference 10 tho subje ,as will permanently es
tablIsh a safe currency fol The State, compos~
cd OF coin, and bank paper, convertible into
coin al the pleasure of The holder.
Having heretofore presented my own views
ofexpedleucy on this most interesting question
and having seen no reason 10 change the gene
raj features Of the plans heretofore Tecommen-
ded, the whole subjec, is submitted with con
6dent hope that il will now be finally happily
adjusted. The interests Of the great mars of
our common constituents, composed as it is
mainly Of industrious producing classes, re-
quiro that their labor should no longer be subs
jected TO that depression, aud those Auctua-
tions which must continue 10 be felt, whilst the
question remains unsettled.
The dividend of this State, OF The proceeds
Of The sa les OF the Public Lands, amounting 10
ffy.four thousand eIgbly-one dollars and sew
eDeen cents, has been paid within the last
month, and will, of course, be subject TO sp.
| preparation. BY the act Of Congress on this
subject,lt was provided, that in all cases where
| The Legislature should fail to make arrange.
menls for the receipt ofthe money, the Cover.
nor Of such State should have power 10 receive
it. Being ADVISED by the Secretary Of The
| Treasury that The amount due Ohio wss ready
! for ds;ribu ion, have authorized Alfred KeI-
ly, Esq TO receive il on behalf Of the Stale,
and nole from The Treasury Department, re.
ceived lately, has informed me Of The payment
over 10 him, Of the amount due. As The act Of
Congress authorizing distribution Of this fund
among the States has ceased TO operate, moth
ing further is 10 be expected from that source.
Had il continued in force whilst it would have
paid TO the States fund, part of which ls justly
due them by compact, and has long been with
| held, it would also. especially at this time have
been greatly beneficial. 10 mitigating the seve.
rily of our high rates of direct taxes upon the
people. |, would have enabled Ohio in few
years 10 pay her public debt; debt incurred
| for those great internal improvements, that
| have opened channels of lrade between the
lakes Of tae norh aud the great navigabe
streams that empty into the Mexican Gulf -
These expensive works, while they will always
be Of great advantage 10 The people Of the
| Safe, are at the same time of ncalculable ben
| eff 10 The commerce of The whole Union, and
as such press nj strong claims upon national
patronage. Had the State been permitted 10
receive its proportion oflhe sales of the public
domain, our cillzens would in some measure
have been reimbursed these immense debts,
which they have incurred for the benefit Of 9th
ers as we'll as lhems elves In connection with
this subject, tehould be remembered, that our
great lines Of canal will be more or less produc
tive, as trade shall be cherished or depressed
or the lakes Of the north and the OHIO and Mis-
sissppl rivers Immense loss, Of both life aud
| property, is constantly sustained on the lakes,
| for the want Of improvements Of harbors, at
proper points, on these lnland seas. On the
southern termination Of our canal. the Ohio
| river forms a link in a cham Of navigable wa,-
er extending from the Gulf of Mexico, 10 the
interior OF Pennsylvania. To clear out OBJ
siructions in these rivers, The general govern
ment has heretofore made few comparatively
small appropriations, and lattery neglected
The subject. 1t concerns the interests Of the
State, as well as the honor Of The Union that
this inpr evidence, or partialIty Of the general
government, should meet a timely and ener-
getic remonstrauOe, from every legitimate au-
thori,y.
The daily increasing population Of our Stats
| Tnow The hlrd in lhe American Union with
responding multiplication Of the pursuit and
interests ofthe people, summon lis legislators
10 The faithful discharge Of the most important
duties that can be devoved upon men
About to retire from any present psrticipa-