The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-04-14
On warrant No. 3OI3 No 2-l note of 500 %.
On 40 do Nh 0d-l note of $50.

well known and admitted all sides, that the Erie
Railroad originated violation of the constitution of the
State of New York which prescrbes that vote Of two
thirds shall be requisite for the appropriation of public
moneys for local private purposes Notwithstanding
those provisions So for which the citizens Of this
State taxed loaned to the Erie Railroad by
bare majority. The late Governor, VIM II Seward FREE
quenty urged in his official capacity the construction OF
the road, with the alleged design of bene6ng
his personal speculation Chautaque County the
terminus of road He stands before the world charged
with the fact. Tse London:Tmes has held the fact of
the charge and the absence oany contradiction of
Its numerous readers. bill il before the Legisa-
ture to release the road from its debt the State Ex
Governor Stewards opinion the question whether this
requires atwothrds vote under the constitution, has
been solicited by the Company, of which he is the father
The opinion is marked by that wire drawn sophry that
smearng over ofhe subject instead of explaining which
always characterize the productions OF the individual to
whose speculations the Chautaque County farmers owe
their difficulties The opinion contends that the bill does
not require twohrds VOTE because does not create or
'enew charter largepo oftbe document Is spen'
upon this point which has nothing at all to do with the
subject The original violation of the New York cons
tuition in lending money for private and local pur
pose The present bill is in effect to convert that loan
into gifts yet the sapent land specuator contends that
the original fraud renders the constitution imperative in
relation contemplated He next asserts that the
road is not private the public it. The
plea would authorise gift of the peoples money to
churches theatres sny other place thing used by
the public. He then saysthey not local. because they
used the public and this in particular because is
long one. For this Barnum's snake cannot
be called local, being very long. The State lent
money TO the Long Island Railroad and the
Delaware Canal-are these works local not
1oca1 hoy louv no AZ direc.
ton must run in not to be local The Erie Railroad is
not only local in its character but injurious to the line Of
the Canal yet the citizens ofthe northern section
obliged to be taxed to build up competition to them
selves 1t was this injustice that the constitution intend
ed to avoid We have never seen more ridiculous and
fmsy apology for attempt to wrench money from the
many for the benefit of the few than this thing of Exo
vernon Seward.
All the losses and misorunes that have overtaken the
public through fnancers and bankers been through
their pernacous attempts to put false coloring upon
their sfars misrepresent facts and exsggerae their
MEANS in order to obtain money from capitalists The
little accumulaons Of industry, and the amassed
by the wealthy, have been sucked up to enormous
amounts by needy Spectators and State agents and,
finally, when bankruptcy overlook them, it has been
discovered invariably that they never worthy of
credit Vena prints have been employed to puff credit!
and wheedle people into trusting the sharpers Mercenay
editors have lent themselves to the nefarious schemes
under the specous pretence of sustaining confdence
and those who caution the unwary against the traps laid
for them denounced proAgate prints" destruc-
tves and incendiaries Long and loud amidst tempest
of vuperation both here and in London proclaimed
the insolvency of the United States Bank while the Wall
street press with the Express at their head using
every art and argument to seduce innocent people into
the snares of the monster Bank after bank went down
under the circumstances. States soon followed
Mississippi, Michigan, Illinois, Indiana, Pennsylvania
Maryland, Florida Arkan sas, end Louisiana have fol-
lowed each other in succession to common bankruptcy
Each one toered to its fall its agents to this
market to fill the Wall street prints with their specous
tales brsg ofthe of their State" of their
small debts end large "of the ability the people
to pay and their high honor and unbroken faith" This
has been the story, and has in all sections o.
the country been followed by exactly the result,
viz failure and refusal to ray.
The State of Ohio with liabilities beyond its means
has reached the stage. Her officers are en-
deavorng to make pomposty answer for payments. To
make the theory Of State faith for the production
Of the money. Why should we not learn by experienced
Every State Pennsylvania has failed as soon as its
debts swelled bcyon the of its means What
there in Oh 10 that should exempt her from the
fate of all other states7 The Express, the most
loahsome Of all fund.mongers organs, has the follow
ing admissions -
"Repor.s however recently made by those whose
duty II was to investigate have been recently published
giving satisfactory statements to the ability and
OF Ohio to meet its interest and their is no
question fthese States and their stocks mere let alone
and their and fidelity no. daily tradnced AMI
villfed that they would meet their interest with perfect
punctralty.
now alleged that very large Of the stock
of the State of Ohio has been sold under par raise
to paw interest and therefore, that the people of
that State received dollar advantage from IT,
Admit i TO he trre hat sdcfc: Dds made was i not
for the benefit of the State to sustain its credit and keep
its honor sacred asserted that the people of that
State will be unable to their taxes and that the
the State from tolls &C. are greatly diminished
II may he true that .he hare fallen off, but there
is proofha the people are unable or unwilling to pay
their taxes"
This is called morality. If the State "is let oione,' it
pay its debts That is it is allowed to go bor
rowngif vena press luls the suspicious Of capitalists
fhe fund mongers continually thrust their hands
into the pockets of the unsuspectng public they go
on to pay tn ir interests. So could Anthony Dey or
Peter Reeren To caution the public is called cruel
Look at the thousands of ruined orphans aud widows,
whose means we're robbed from them by the tricks Of
fnancers, and the pufs of corrupt press. To whose
cruelty their suferings to be ascr d is the
duty of the press to investigate and expose every public
act. fthe matter will not bear investigation ought not
exist It is admitted that the people of Ohio have not
received equivalent for what claimed of them that
the is decreasing The history of the past few
years shows concusvely under these circumstances
the people both unable and unscing to pay taxes.
The people of Ohio have had par. lot in the waste
full extravaganza with which her debt has been ncurred
and their recent eusa to be taxed personal property
is prooftha tey will not pay They have left those that
created the debts to get cut of them best they
Sales at the stock Exchange.
$4,000 Ohio 6's, 1860 G7k $4,000 NY SIS, 1916 BE- 9s
sn00 do $50 CT 500 d, 1858 ok
1000 do g GIN 40 shss Mechapics Blk So
1000 Kentucky 6's 30 yrs e5% l6 Blk Com scrip 961,
100 shas Paterson bio 4eN % Ohio l. ms Il Tr 53h
40 do 40 30 Illinois Stat. Blk az
lo4 Harlem III 10 Manhattan Fire ms lOl
20 do M 50 Aub & Roch Blk %
50 Stnniprton bio 10 so - do 921a
5000 US Treasury l041 IS Mercs Exc Co. "a Of
1000 NY 6S, 1862 l02
Second Board.
$1,000 Ohio s7h so phas Harlem $50 II
so shss Harlem So IN