Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1852-04-19
1l.slLee07 10
6a0l.6ss 10
4 Ina HnQ m
$e.ei6.06Teo

Total, S6.e16,05Te 60
ihaye also taken The trouble 10 examine
the returns from The Banks in cur vicinity,
to see what proportion tf their notes aid
bills discounted were payable in heir osR
coun .sis. and the following is tbe result.
BhAScHI.s or TIE STATE BAFK.
At Xenia-Paysble there, l9,72637
Payable elsewhere sS2,990 SO
Proportion 10 Is.
AT Eaton Pay able there, 10.sl7 SO
Pay able elsewhere, l99,E64 So
Proportion 10 l9.
At Spring 6eld-Payable there, I3.l154l
Payable elsewhere, 277, 1885 53
Proportion ! to 81.
At Piqua-Payatle there, 20 600 IA
Payable elsewhere, l87 .s29 90
Proportion 8 to l..
INDEPENDEST DAYTON BANK.
Payable at counter, 57,5ss OF
Payable elsewhere, 229, ,4ss "a
Proportion to L.
DAYTON STATE BRANCH.
Payable at counter, l4l POI 81
Payable elsewhere, 2lS, ,s4t o.
1t will be seen by these returns, that the
State Bank at Dayton presents favorable
and highly creditable contrast with the eth
er Banks in our vicinity.
The object Of this sys.cm of discounting
notes and purchasing bills, is manifest ~
every man conversant at all with banking
operations. Pursued 10 the extent which
this report shows il is q virtual violation
of the laws under which they exist and ex-
ercise thei. franchises. When it is remem-
bered that we are only Sc hours from NJ.
York, and that exchange upon that city 10
worth one per cent, ii is easy to see The
benefits which the Banks can derive from
the plan they hare adopted.
Usury seems emphatically 10 be the order
of the day. The ten per cent. Law has
opened the dood-gates el extoriion upon the
psople, and the business and producing in-
lerests oil the community are daily suffering
the most crushing impositions, practiced
under the implied sanction Of the law. The
Banks plead that tho Brokers have COM
peled them to adopt the system they hare
been pursuing, and the Brokers clamor for
"frse-trads sn money" viii they are suck
ing the lfe-blood Of the prosperity Of the
State and building princely fortunes Of the
productive industry Of the country. Every
thing is made subservient to these monird
interests. The money changers nho do no.
labor, who produce nothing, flourish in the
very profusion Of accumulated wealth, aad
control the momentary system Of Ohio,
while all the industrial pursui arc com.
PEELED to pay them tribute; and here con-
fdently make the assertion, that the pro-
ductire industry Of this state has paid
more soithin the last year into the pirate
pocket of asuriss, than INTO the pu6iis
Treasury Of Ohio to dsfray all The sx.
psnses Of The state government.
The people can complain Of public taxes
for they can directly feel the buribsn. and
see where their money goes; but they can
not see the operation by which the producia
Of their labor is transferred into the Golfers
of the usuries, although every department
Of legitimate business can feel its effect.-
This policy Of making those who labor trib-
utary to those who don't, has been the e..
sence Of tyranny and aristooracy in every
age of the world Its the primary cause
Of all political convulsions and revolutions:
and under the operation of political institn.
tions, such as ours, the only, or at least the
most effective means. TO develop such poll
icy, is to do it through the influence Of mon-
sy. 1t is upon this avenue to despotc and
irresponsible power. that the eyes Of the peo.
pie should be turned with the most constant
and watchful jealousy; for Of all tyrannies.
with which the world has ever been curscd,
that of uncomfortable wealth is the most
heartlsss, the most insolsnt, and the most
blighting. do NOT wish to be construed
I make no war upon the rich-it is only
against the ihsgitiraats uses to which cap.
ital is devoted that my remarks are direct
ed and the most monstrous Of those evil
uses, l say without hesitation, is in my opin.
ion, UsURY. >