Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1854-05-16

unreasonable in favor Of banks and heavy
operators, and onerous and oppressive to
persons of limited means. 1t is harsh and /
impolitic for the law to interpose between
two citizens, and say to them what they NAV |
and what they may not use as a medium of
exchange in the purchase and sale of their
products. If it is wrong in principle for
citizen of Ohio to receive FIVE dollar note
ON an Indiana or Pennsylvania bank for
butter and chickens sold to huckster, then |
! it is doubly wrong to receive ten dollar
note issued by such bank. But, by the pro-
visions of this act, the banker and capital
ist may use these great evils with impunity,
while the laborer and man of small means
may not go to market with less than ten DOL
lars, nor take by way Of change, any thing
short of that sum, under the pains and pen
alties of the act in such case made and pro-
vided.
Will such law be respected and observed
by the people? If it shall be, it cannot fail
to work great inconvenience in the common
business transactions of life. If it shall not
4 be, then it were far better the law had not
been enacted; for laws so RECONSTRUCTED
that they cannot be enforced, or so repug-
nant to the public sentiment that they re-
main a dead letter, do but breed contempt
8 for the body which enacts them, and to that
extent tend to the subversion Of popular
government. How is law like the one
under consideration to be enforced? Shall
a man watch the.transactions of his neigh
Dor until he detects him in the act of re-
ceiving IN payment Of bad debt, SIS bill
on the bank of Pittsburgh or Wheeling,
and then post off to magistrate and file
information? Such man would be secuted
; from all neighborhood, and might think
himself fortunate to escape full suit Of
) pitch and plumage. How, then, are the
e provisions Of the law to be enforced?
: 1t was hardly expected by the more in,
telligent portion of the Locofoco party tha
; measure of this sort was seriously to b.
attempted 1t was thought by them wei
u enough to talk about such matters, merely
y as a pastime, but not with any serious pur
IL pose of carrying the measure to the statut
book. They would doubtless have beel
Is obliged to the Wings had they been sufi
IL cient in number to have relieved them G
Is the subject by defeating the bill. But the,
= prepared the nostrum, and it is now com
t mended to their own lips.
'e The Dayton Empire says in reference t
y to the law, that it sis intended to shut ou
the eastern, western, southern, and norther
{ trash, which has for some time past foode
le our community, almost to the exclusion o
$ our own bills" Now the question whic
n, ought to have occupied the minds of tn
ai Solons who enacted the law is, hon comes
le that our community has for seme time pas
been flooded by this trash? Hon. comes
IN that this trash has been enabled to supel
cede the bills of our own banks, even {
~ y. our own doors. We have for six years pa
',r had in operation two systems of banking
u Ohio; and during adj that time no holder
their bills has suffered loss to the amount
as one dime, by the failure of one OF the!
oi banks promptly to meet its engagement
Every man feels perfect safety wi tn one
d' these bills in his pocket. Hon. happens
eI then, that instead of their bills we are foo
ca ed with the trash of foreign banks? 1t
ad the natural result of our own legislatio
There are men who seek notoriety, and a
ter qure sufficient elevation to secure intel
Or gent contempt, by barking and yelping
'the banks" The credulous, confdin
~ cheated, humbugged, intelligent peop
Jill have listened to their tales, and trusted o
interests to their keeping.
"Itis utterly impossible says the Empir
ur- to keep the run of foreign money now
iti- circulation in Ohio" This is one of t
will strongest reasons for sustaining by coul
ox. of wise and discreet Legislation the banki
49,. institutions of our own State, over who
CAV concerns we may exercise vigilant super
VIII sion for the protection of the communi
"The law, however, Continues the E
pire, will cause considerable confusion
sed money matters for some time after it tai
Gu effect, and many of our business men, wi
srs they see the necessity of permitting o.
% %, good foreign bills of small denomination
hu- circulate here, fear that the enactment '
'ep- operate injuriously upon our trade and
'ods terests generally"
new Yes, business men, whose business is
ond tally effected, fear the effect of this exp,
I1. ment. If it operates at all, the operat
nor' must be injurious. But the Empire fl
no consolation in the conclusion that "brol
the can prepare for the extra trade which
law will throw into their hands-it's an
wind that blows nobody good. - Ohio s
,del- Journal.
"s'- STREET PREACHING-A RIOT. .BosT
for Nav 8-P. M-Mr. Orr. alias. Angel
: L L = IL