The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1844-12-18

sehux in the paper money system, eOm-
mencing in 1886, and ending in l84s
and showing, what similar occurrences in
other countries and at other times, have
never failed to exemplify, thai govern
ment debt has been the unfailing concom-
liant of the growth and expansion of the
paper money system.
The honor and public faith Of the State
has hitherto, been strictly preserved, and
will, doubtless, ever continue 70 be pre-
served, by a punctual compliance with all
our public engagements. The public viz
tue of our people, aud their patriotic re-
gard for their liberties aud the character
of republican institutions. is u sufficient
guaranty that the integrity Of the 5 ate
will be kept invloIate. The public debt,
however, imposes onerous burdens on the
people, and creates a humlluatmg depen-
dence on foreign capitalists, degrading To
the independence and character Of free
men. More than Il Million OF dollars Is
drawn from the substance OF the people of
the State annually and sent off 20 dis
charge the Interest ON the public debt,
which, in lis tendency, retardS our pros
perity, and keeps up the balance Of trade
against US. And every fourteen or fifteen
years, the entire anoun of the debt will
be paid in interest, while the bardensone
principal remains, and continues lis per-
petual drafts On the products OF labor.
The system Of COVE nment debt, when
continued IN conjunction with a paper
money system, becomes an engine of i'm
mense political power, and the more dan
gerous because, from the subtle deceit and
~conpleXiIy of its operations, it builds up
a fabric OF i]clicious wealth, which com
pels the productive labor Of the country
to become its humble and obedient subje t,
in a manner not readily seen or under
stood. 1t is an eXempiihrotlon ofthe fact,
that MAJ can be subdued and ensIaved
more etttctually by the subtle operations
of money, than by arms. For centuries
the leudal system in Europe controlled
the distribution Of property. and enable
the few to live in idlencss, luxury and a
Auence, and to keep the mass Of people in
poyert", ignorance and seryiiity. Since
he chains Of leudal bondage have worn off
the integrity ofman has devised the more
refined and inSidlous machinery Of gov
ernment stocks, paPe: none and special
privileges, by which a few are enabled to
live on the profits Of the labor OF the
mass Of the people.
The fatal consequences Of such a system
of policy, to the liberties and financial int
rests Of the country, teach US the ~necessi-
ty of taking measures, Undue time to arrest
its progress in this state. 1t is yet within
the power Of the people Of Ohio to pay off
their public debt. The present time is pc
~culiarly propitious for adopting a course of
measures tending to the accomplishment of
| this desirable object. | recommend there
fore, to your special attention the para
mount importance of deyising vigorous, deCi
Isive and efficient means for the ultimate
and entire eXtinguishment of the debt Of the
State
Civil government has no higher or
more sacred function to perform than to
protect every person in the full enjoyment
Of his own property, and the just reward
Of his own labor. The bill of rights, in
the fundamental law of this State, declares
THAT "private property ought, and shall
ever be held !nyioIate,H and that the right
Of "acquiring, possessing and protecting
property" is a "naturaI, inherent and uE-
alienabIo right" An urtfuI system Of
policy which, by its subtle and impercept-
IDLE operations, creates inequalities in the
means for the acquision Of property,
takes from labor a portion Of its rewards,
and usurps its legitimate rights in the
distribution of wealth, by the machinery
OF government stocks, and paper money,
the latter Of which has been truly said to
be "the most effectuaI means Of fertilizing
the rich mans field with the sweat of the
poor mans brow" is u fragrant violation
ofthe spirit ofthe constitution, and pros
%trates in the dust that sacred right Of
property which lies at the very foundation
} of all civil government.
: The affairs Of the Ohio Renitentiary
J have been conducted with usual economy,
fidelity and success. The number ofcon,
J yicts is 463, being one more than the mum.
Der a year ago. The product Of convict
) labor for the year past amounts to $4l,
19l 36, and the expenses amount tc
$23,09l 10; leaving the clear profits OIL
the institution at $18,10l II.
The Ohio Lunatic Asylum, the DeaI
4 and Dumb Asylum and the Institution lol
the Education of the Blind, are each in a
G Aourishing condition, and during the yea
past have been managed with consumatc
skill and ability. These institutions are
2 highly credible to the people of Ohio, ant
are manifestations Of that enlightened
0 spirit of philanthropy which is a distin
gushing characteristic OF the present age
2 The number Of patients who have beef
inmates Of the Lunatic Asylum, durin.
the last year is 2i6, WHILE males AM
100 females; and the whole number dis
charged is 70. OF these 40 were recoy
Tered, s improved, 10 remained in a sta
d tionary condition, and 6 died. The dis
%bursements of the State during the las
n year, in the support Of the Lunatic Asy
lum, amouQt to Sl3,4G3 80, and the eN
penditure ON the new addition to the build
G ings to S1t,190 "A. The receipts Of tn
e institution during the year amount t
}. $3,58l 81. There are 9R pupils in tn
Deaf and Dumb Asylum. The disburst