Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1845-12-12

tnbnted towards the prosperity and ad-
vancement Of the State, and the devrlope.
ment OF the resources Of the country, it
would be difficult to form any adequate
conception. In the payments Of the inter-
est and the ultimate liquidation Of the
principal of this debt, the faith and honor
Of the State has hitherto, and will continue
to be, sacredy preserved, and kept invo-
late.
| cannot pass from this subject without
expressing to you my conviction hat sound
policy forbids any increase OF the liabilities
of the State, and enoins upon us the duty
of vigiIantly turning our attention tC6 ards
the liquidation of the existing public debt.
The original creation OF this debt was
only justified by the peculiar situation Of
the State, and the imperative necessity at
the time, for the aid Of government in the
construction of public Improvements. A
part OF this debt will fall due in 1850, a
part in 1856, a part in 1860, and part in
1870. With the ample and growing
means and resources of the State, the pay
ment Of these liabilities can, aud doubtless
will be punctually met without difficulty.
The interest on this debt, which falls due
semi-annually, was punctualIy paid during
the past season, aud arrangements have
already bpen made to pay the liabilities fall.
ing due in January and July next.
The important and long discussed qups-
ton of Banks and the currency was sci.
tied, and it is to he hoped permanently
settled, by the action of the last LegsIa-
ture; and upon such principles as, | trust,
will secure to the people OF Ohio in future
uniform and stable currency. This new
Banking Law was deliberately enacted
after ample consideration, and faithful
examination Of other systems which had
been tested. Thus far the system has prov
ed to he equal to the anticipations of its
friends, and the necessities of the people
OF the State.
Banks in our country are founded on
the credit system. A SYSTEM of credit is
an essential auxiliary of free, enterpris-
ing and enlightened people, In those
countrys where despotism prevails to the
greatest extent, and where the laboring
classes Of the people are most oppressed,
Banks Of issue are not known. Hence it
is, in these countries, that the man who is
INDECENT in early lite-whatever may be
his native ability and energy of character,
ends tedious existence as he commenced
it.
Already are twenty-one Banks doing
business under the provisions of the new
law, and will in few days go into opera.
tion. And already do the people Of Ohio
begin to feel the influence of this system.
| in the restoration Of confidence, the revival
Of business, the increase Of the wages OF
labor, and the rising prosperity of the State.
A Banking SYSTEM which secures 10 the
people good paper medium of exchange,
convertible at all times into gold and sill
yer on demand, is evidence of an ad dvanc-
ed state Of civilization, Of the prosperity of
commerce, and the progressive improve
ment Of the country.
Agriculture being the most important
branch Of industry in this State, and furn-
ishing more extensive employment to our
citizens than any other pursuit, ca'lnot re-
ceivp too much attention and encourage
ment from the Government. Ohio is ne
cu!iarly adapted by nature to this first and
most important occupation Of man. With
territory of more than forty thousand
square miles, the chief part of which is not
only fitted for the purpose of cultivation,
but composed Of soil remarkable for its
fertility, as we'll as its peculiar adoption to
the most essential, useful and valuable
agricultural products, this State is capable
Of occupying Il prominent position among
the countries of the world, in the products
Of the soil. The elements Of commercial
and manufacturing industry Of the State
must continue to he chiefly dependent on
the staple products Of the soil. This great
branch of industry must therefore, consti-
tute the principal foundation Of our pros
perty. 1t is, therefore, a consideration of
no ordinary import that the attention OF the
people OF this State should be directed with
peculiar interest to the various improve
ments and useful discoveries in art of agri-
culture, and the fostering hand Of the gov
ernment should not he Withheld from this
most extensive pursuit of our people,
By neglect and unskIfu tIing, nearly
one half OF the product. of this great
source of wealth and prosperity may be
lost. Already it is apparent in some parts
Of the Stale; that deterioration Of the soil
has taken place, and great want of skill
exists in the production of crops. The ag-
ricuturalists in our State have not adopted
those Improvements and useful discoveries
which have been made on the cultivation
of the soil. The lights OF science and
practical instructions have with eminent
success been applied in some countries to
the ART Of agriculture by which this branch
of industry has been greatly elevated, the
minds Of those engaged in it much en-
lightened, and their labor rendered douDIy
productive.
1t must be admitted by every enlghten-
ed mind that scientific knowledge is as inn
poltant in the improvement Of agriculture
as it is in the manufacturing or mechanical
arts. We learn from reliable sources, that
agricultural thOOls have been established
in some parts Of Europe, with highly hene-
fetal results. and thrt improved methods
have heen adopted. by which an average
crop OF wheat has been increased from 70