The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1845-02-28
Here we are agDin--anOtTer move
i'm the State stock SpeculatiOMs-.
more trONllEe ahead.

more trouble ahead.
We are again in the midst of the specu-
lators on Ohio's fair fame. Again are our
stocks to become the football of shavers and
plund may we look for sucrif-
ces, bank tricks, and shalpers' schemes.
The scenes of 1910 and Al, when balf a
million of stocks were sacrificed to the
bank molochs, are to be re-enacted, and
Ohio stocks will again be hawked about the
market places at so per cent discount, until
the people, tired and disguised, call the
democrats back to power. that their credit
may again be restored. If any one doubts,
they can see the finger of the sharpers at
work, in the following article from the Jour
nal of Saturday evening:
"FINANCE REPORT"
We have on our table the very able and
satisfactory report of the Finance committee
Of the Senate. presented by Mr.. Kelley, of
Franklin. AS soon as we can clear our
columns of matters pressing upon them, we
shall give such extracts from it as cannot
fail TO interest every individual, in and out
of the State, interested in maintaining the
high character and credit Of Ohio. The
expose therein made of the manner in which
deficiencies of revenue, from year to year,
10 meet the accruing interest on the State
debt, have occurred, is the very kind of in
formation the people desire. 1t appears
from the report that the deficit in six years,
from 1889 TO 1874, both inclusive. is ST..
550,490. Which has been supplied, from
iip,o fo hyt tr,n o,,l
fund, by moneys received from the U. States
as Ohio's portion of the sales of public
lands, and various other devices, not forget
ting the unauthorized sale Of Stale stock.
and temporary loans-having resort finally,
in all cases, TO anticipating the accrning
ordinary revenues of the State as means
of making up any remaining deficiencies.
"The evil has existed, all along, of not
levying tax sufficient, as was made the
Auditors duty to do, TO meet the charge on
the revenue. The evil is said to have been
met the last year, as it should have been be-
fore. The committee, however, see no diff
ficulty in meeting the obligations of the
State in future, without increasing her liab-
lities.''
nc CIdiSeS UeEC dIey dtIIOiID OlHeT IuinpS,
that State bonds haze been sold IN VIOLATION
OF Law, and that the tareS hare not been
high enough!
If it is true that the bonds of the State
have been sold nithout authority, the people
are not bound 10 pay them--neither princi-
pal nor interest. If such is the fact it be-
comes those knowing it, to at once make
known the amount--where, and when sold
that stop may not only be put TO it, but
that the interest may cease being paid, and
that the bonds may be cancelled. Let the
boud-holders in New York and other places
look to this--look to it in time Such an
article as the above was not written without
an object, and it cannot pass without IFS
effects. As TO taxation, the Journal thinks
that at last we have got 10 about the right
point, but complains bitterly that we had not
got there earlier.
The Journal does not say who sold bonds
illegally--when it will do that, we will have
a word OF two more TO say.--Ohio Statesman.