The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1847-06-11
Ohio Life Insurance Rad Trust
'"A COupDnny


is extending its privilege to vest its "capitalin
mortgages on real estate valued at double
the amount of the sums loaned" at premi-
um of interest "such MS may be agreed on"
toths farms of our industrious pioneers in this
section of country. AS might be expected
from the statement Of its powers, those who
have been tempted to avail themselves of
the facility of exchanging their lands and
houses for its rags, are realizing the necessa-
ry and fatal result of lis favors:
In the last Lima Reporter there arc four
Chancery sales, advertised by "M. B. New
man, Special Master" as follows: mW
"Ohio Life Insurance and Trust Company,
VS.. Aaron Loomis. p ra. Jba
"W q s. ". or sec. ls 7. 3 s. Of r. 8 g."
Sale OH the 26th inst.
The same, vs.. Jane Wright and others.
"E. 4 n. W. ar. sec. Is T. S. of r. 6 e."
Sale same day. a..
The same vs. James Daniels and Others
"S. W. Or. sec. 2, 7. S. ofR. 7e." Sale
same day.
The same, VS.. Alfred Baker and others.
"E. s. W. or. sec. 33 T. 8 S. of R.7 9. )"
sale same day. 'ao t.ttg
The dangerous tendency Of the extraor-
dinary powers of this corporation cannot be
magniied. 1t has been justly remarked, by
one of the ables, political writers Of the age,
that there is "nohing this corporation can
no, do, except perhaps 10 make war and
peace" The exlen, Of its capital is unde-
fined--it can ''nake any contract involving
The interest of money or the duration of fife"
its privilege Of banking amounts to the
power TO "coin its own money!" and more
corrupt than all, its duration is perpetual
Bat the effect which we now wish 10 call at
tention to, is its tendency to accumulate the
lands ofthe State in its possession. No lin
itation governs it, and, as in Allen county,
those who become borrowers Of its capital
will find their farms offered for sale, aud in
times ofpnblic distress these will be purchas-
ed for the corporation, till the proprietors of
land. in every part ofthe State, "become ten
ants at will to the Ohio Life and Trust Com
plny and an Independent yeomanry sink into
a race of dependant slaves"
The misery ofthc masses in the nations
Of Europe proceeds from the monopoly OF
land in the hands Of the few, and experience
has told too truthfUlly that the owner of the
soil must be the master, no matter what may
be the form of government; but when to this is
added the power OF monied wealth, individu-
al efforts will be vain against so great and
overpowering force; and if this institution
is permitted to continue in existence, it will
not be long before it will be able 10 enter
into contest with and defy the people.
The corrupt party who now bear rule in
OHIO have added TO, but have been careful
to avoid limiting, lis dangerous powers. And
let not the people forget that Alfred Kelley
who defended his squandering of the bonds
of the State, and the sacrifice ofhalf mil
lion of dollars of the public funds under com
pulsion Of the urgency Of this very company
proposed to make the debts or "blls recev
able" of that company basis of bank cir
culation. This too, while he was q stock
holder ofthe institution, and while he wa.
framing new system Of taxation TO increase
the burdens Of the people oYthe State, to pay
the very bonds sacrificed TO the cupidity o
this grasping monled monster,
The greedy vampire which from freedoms toni
Comes forlh......and sucks and drains,
A peoples blood to fced its putrid voins.
That Alfred Kelley's scheme was defeat
ed was owing to democratic vigilance ant
opposition. But the character of Ohio leg
islaton does not give the highest assurance
fhat this privilege may not in an evil hou
be granted by veual whig majority, if the
people should so far, forget themselves a.
tamely to permit party, SO destitute of al
regard for their rights, to bear undisputec
rule. And this mighty engine may in time
to come, when the effort is made 10 repea
its charter convulse the State, as its proto
type the United States Bank conyulsed the
Union. The sooner its growing power i.
shorn, the better for the liberty and prosper
iiy of the State.
FATAL AccrDENr.-Last Monday morning, Mr.
JOSEPH MILLER, resident of Monroe Township
started on horseback to neghboring farm. o.