The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1845-12-09

from twenty millions of dollars. This is a
subject of deep solicitudo TO the people
of the state, and tends greatly to augment the
burthens Of taxation. The debt has been
contracted chiefly in the construction of our
public improvements, and at time when the
state was comparatively new, and destitute
of the means and ample resources which it
now possesses. OF the extent TO which
these improvements have contributed towards
the prosperity and advancement of the state,
and the Development Of The resources of the
country, it would be difficult 10 form any
adequate conception. In the payment Of the
interest, and the ultimate liquidation of the
principal of this debt, the faith and honor of
the state have hitherto, and will continue to
be, sacredly preserved, and kept inviolate.
Icannot pass from this without expressing
10 you my convictions that sound policy for
bids any increase Of the liabilities of the
state, and enjons upon US the duty of vigi-
lantly turning our attention towards the
liquidation Of the existing public debt.
The important and long discussed question
of Banks and the currency was settled, and it
is 10 be hoped permanently settled, by the
action of the last Legislature; and upon such
principles as, trust, will secure TO the peo-
pie of Ohio, in future, a uniform and stable
currency. This new Banking Law was deli
berately enacted, after ample consideration,
and faithful examinations of other systems
which had been tested. Thus far the system
has proved to be equal TO the anticipations of
lis 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 es-
sental auxiliary to the prosperity of free
enterprising, and enlightened people. In
those countries where desputism prevails TO
the greatest extent, and where the laboring
classes of the people are the most oppressed,
Banks of issue are not known. Hence it is,
in these countries, that the man who is ndi-
gent in early life, whatever may be his native
ability and energy Of character, ends tedious
existence as he commenced it.
Already are twenty-one banks doing busi-
ness under the provisions OF the new law,
and two more have complied with the requsi-
tlons of the law, and will, in few days, go
into operation. 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 stale.
A Banking system which secures 10 the peo-
pie good paper medium of exchange, con-
vertible at all times into gold and silver on
demand, is evidence of an advanced state of
civilization, of the prosperity of commerce,
and of the progressive improvement Of the
country.
Agriculture, being the most important
branch of industry in this State, and furnish
ing more extensive employment TO our citi-
zens than any other pursuit, cannot receive
too much attention and encouragement. f. ON
the government. Ohio is peculiarly adapted
by nature TO this first and most important oc-
cupation of man. With territory of more
than forty thousand square miles, the chief
part of which is not only fitted for the pur-
poses of cultivation, but composed of soil
remarkable for lis fertility, as we'll as its Pc
cullar adaptation TO the most essential, useful
and valuable agricultural products, this State
is capable of occupying prominent position
among the countries of the world, in the pro-
ducts of the soil The clements of CONNER
cial and manufacturing industry in this State
must continue to be chiefly dependent ON
the staple products of the soil. This great
branch of industry must, therefore, constitute
the principal foundation of our prosperity, 1t
is, therefore, consideration of no ordinary
import, thai the attention of the people of
this State should be directed with peculiar
interest to the various Improvements, and use
fiji. discoveries, IN the art of agriculture, and
that the fostering hand of the government
should not be withheld from this most extern
sivc pursuit of our people.
By neglect and unsklful tillage, nearly
one half of the products of this great source
of wealth and prosperity may be lost. AL
ready it is apparent, in some parts of the
state, that deterioration of the soil has taken
place, and great want of skill exists in the
production of crops. The agrculturists in
our state have not adopted those improve
ments and useful discoveries which have
been made in the cultivation of the SOIL
The lights of science and practical instruc-
tons have, with eminent success, been ap-
piled in some countries to the art of agrcul-
ture, by which this branch of industry has
been greatly elevated, the minds of those
engaged in it much enlightened, and their
labor rendered doubly productive.
1t must be admitted by every enlightened
mind, that scientific knowledge is as important
in the improvement of agriculture as lis in the
manufacturing or the mechanic arts. Welearn,
from reliable sources, that agricultural schools
have been established in some parts ofEurope,
with highly beneficial results, and that mpro-
we'd methods have been adopted, by which