Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1850-03-25
senatorial Dis,rict. C onvcs.


Dsmsorntic Sezaatoria District onvcr.
Ala meeting Of the Delegates from the
ooupties of Portage and Summit, convened
., ffsnkln Mills. on the lsh Of March,
1eeQ g, ELDaapoE, Esq, of Shnlers.
Wis. wss calied 10 the chair, and ]. C.
MaeazsKA, Of hkron, was appointed Sec.
restasy. zF=.s-===sz=..-.---.... =.
After 1 calf of the Delegates BY town.
ships, RSas
latsoieed, Tint The delegates present
represent as many townships as their num-
bsrs entnle to. and in case there are not
sufficient members present to represent the
&hoie number os townships. ths delegates
shall have power 10 orepresent the townships
not represented. -
Conveniion took a recess till IL o'clock.
P.M,--1l o'clock, P. NJ, Convention re-
assembled. .- s.sezy.gss-
On motion, the names Of candidates for
uolnination were suggested. Lucian Swift
and 2 Spaldipg we're named.
s. o. notion q committee of five was ap-
pointed 10 draft resolutions expressive of
DE views Of The convention in reference
. TO the reforms contemplated in our New
EoBetaation.e
Ths shair appointed L. Day, VIM, Cool.
mans Charles W. Brown. and r.. o. liam.
nond, who reported The following: -
Res0l5sd. Fllai we approve Of, and re-
affirm Che preamble and resolutions adopt.
ed by .ha Poftnge Democracy in Gonven-
lion assembled a, Rasenna 90 the 18th INST.
as follows: -.
lThese resolutions appeared in our pa
per last week, and the Substance of then,
will sbe found in another column. We
therefore omit them here Ed. sENT.l
Mr.. spalding appeared before the con-
sention, and in few eloquent remarks de
sained noniaaiion.
On motion, Lucian. Swift was unani-
n,ouslY ynominated BY asclamation. as a
candidate for Delegate to the Convention
to forma new Constitution. to be support
ed BY ;he counties Of Summit and Portage
70 common -
n+meiien,
p Rssolcsd. That these proceedings lie
published in the Portage Sentinel, Ohio
Staeg and "A kron Standard
S s;sis-s ss-t s II. ELDRIDGE, Pres'l.
sIicHAsER. Sec'y.
s-.-
GTh IL proceedings of the Free Soil Sem
atoriaH District Convention is crowded out
for waut Of room. The convention nomin-
Ased Eucian Swift, as the candidate for
Deegstees -. ....sss
Whaf ihe Ohio Banks cost the People.
Whist every man in the state, appears
thoroughly aware ofrhe heavy taxes which
be is sauuallyz yzealled upon 10 pay into the
public treasury, there seems TO be but few
who fsslize thai g sum scarcely any less
enerrnotis, is levied on the people Of OHIO
for tha.supfo OFT Of the Paper Money bank
ing system, which is now plundering The
fs6or Of the elun,rysa enrich Spectators
and Capitalists: We have in our hand,t
oflicfa lreport ofthee Auditor of State, in
which is given (among other lhings,) the
npmter of banks in Ohio, with the amonu,
Of their looms and capital stock, on The is;
Aondas.of November, le4e. We take
sfoa i!she felio~ing abstract:
Loans, Capital Stock,
q Iadependent B'ks, S. 1881 ,ea5 s6so,4lo
sosBr!tlsh Banks, - 10, les s7s 4,427,5al
ssod Banks, Ass, ,e26 2, ,oll,226
- Is, ,594 ,15s 7,l29,157
At an interest of 7per ctper annum
sgssHsss s------------ - - :
- ss,ss = ~ Stool ,5se, ,7a
Hetr y sum of. S
--s~a GTe Ore 1alfllioa, -setz..
G. Ninety IONS Thousand
ses hundred s. s. ty nine dops
und Ssrenty-tsrse cents, paid in
a single year, TO the Bank Mobility oil
Ohio Tor The nse Of their ertrash as a
ClESuthtluS tis1utualt. ~ Ieuout u SIiai tSI,
thsse bankers would be compelled TO
PAY interest on their notes like individu.
ais; but by virtue Of lhe special privilege
csnferIea upon them BY law, they RE
CEfVEsinterest On the deLts which hea
otue to-.,6mfhunify.
tmay be well 10 connect another fact
with those which are given above. 1t is
simply lhis;. that the tribute tin the shape
ofinterrst azone,aa paid by the people o
Ohio to 1fie Banks Of the state, is already
nearly as great as the amount of thei'
State ,axess Nv 9. ge. the following from
fh< Auditor OF States last annual report.
ss Yssra YaIue Of property. Stale tar.
es1e44 sss S sSS3s, ,142, ,I66 # $95s,996
HAS al N, ,leQ, $50 1,oos.eol
is47 -. - AID, 1853, 100 1,13l 1893
a ls4s al ,067, ,991 1,365,769
sssls4s .4se, ,739, ,os5 1,296,347
: Here 64hs astounding fact; that the an
uual interest paid 10 the banks Of Ohio fol
the use oftheir rag money, is already al
most a. great as the Total amount of take.
4 :. r al =.