The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1854-06-15
The Ten Dollar Law.

AHouB Vne UtSe uOtHQS VI th0 law N0e'SA"SN'S N'
Ohio, is law prohibiting the people Of Ohio, under
the Severest penalties, from paying out receiving or
circulating all notes of Banks out Of this State under
the denomination of $40, from aud after the LIST Of
October next To foify this law are two others, one
prohibiting County Treasures, and other public Of
ficers, from receiving, for Taxes, or other public
account, other than Ohio notes.-the other prohibit
ing unauthorized Bank paper generally. By what
species Of vision the democrats Of that body saw great
or risk in notes Of less denomination than $40 than
over-issues Of the same Banks remains to be explain
ed. Probably the same blear-eyed Jacobins who
enacted the eniquitous Tax Law saw adog in the house
where no Veg was and thought i'll the fulnesS of their
hate Of enterprise that by this enactment they should
hit the Banks fright between the eyes" We ouce
heard Of brimstonan Locofoco, who bought up and
packed away several thousands Of dollars Of a certain
Bank paper and never brought it forth for redemp
ton till Just before the expiration OF its Charter,
swearing "he give the Bank hunder-that it should
not profit by its filthy shinplasers The Bank paid
him off, and gave him suit Of clothes for for his
generous conduct. So now nota Broker in the State
would consent to take 81 600 for the benefit of this
law 1t is the people, and they alone, who suffer by
it, They are thrown into thohands Of shOvers, to buy
the means of doing business, as best they may and
those who know shavcr's conscences, expect to see
sights Probably more than nine tenths Of our small
note currency or bills under $0 Of the issue Of
Kentucky, Indiana, or Eastern Banks. This, under
this law, is to be Withdrawn. II matters not wheth-
cr it is replaced with larger bills or not. The ques
ton is one Of small bills, Is,-change-business trans
actions where the amount is less than 81 and which
is SO per cent Of the whole. Our own Banks cannot
supply the deficiency They are restricted by their
charters to certain rate per cent Of small notes OF
their entire issues, and they now always have
been fully up to the mark und cannot increase the
amount For these millions Of foreign small notes
withdrawn, then. the people must BUT specie. And
these bull headed locofoCos do not seem to know that
the more necessary and valuable they make the coin
los compared with paper) so much the tighter Wilt
be boarded and correspondngly high will be the rate
Ocrats from "up the creek" with what they know
nothing about-politicOl economy.
Will The people enforce The LaW2 Can they do so
Can they live under it, do business and pay debts and
taTes2 Or shall we the the people not rather, de-
beately lay upon the shelf both the law and those
who made it, and continue on in our prosperity un
cursed with crude interference Ofcourse there will
be, now and then, poor devil who hates to see his
neighbOr prosper, and desires to fch part Of his
goods and who will attempt prosecute for thcufac
tons Of this impractcable thing-but the timely e1-
hbit Of the hickory or the tar-barrel will probably
make the number, few,-quitc so. Old Lynch is no
iavorite aud .he state Of things which justfics his
vsitatons is bad enough but where no other remedy
can be found for manifest robbery even lynch-law
is good law. What say the people2 1t is time the
enquiry was made. II is only a few months before
the law goes into operaton-i at all, and if the con-
cluSon Of the sovereign people to disregard it be not
general, it must be generally obScrved-though it
break half the State. One thing is too certain-Banks
aud Brokers will iatton on it, while the people, and
especially business men Of every class will suffer
from its effects beyond oil present conception
1t has, doubtless been contemplated by the dCma-
gOgues who enacted the law, that it would be pop.
ular actthat it would cater to that morbid hate Ol
industry and well being which is the bond Of union
aud sympathy, among the sans culOteS section OF
their party But they have here over-done the thing
All men are reached by the great evil Of such an act
as this lie who has labor or produce, or land tosell
orbuy-he who pays one dollar Of taIes--(even the
loaier who never pays) not less Except in desrce)
than he who has the good fortune to be more wealthy
all alike are necessarily made to suffer, whenever
unnatural restraints are put upon trade. Up to the
day when the law goes into effect there will besomt
advocates of this net among the unpriucped lautng
section of ocofocoism but one week of trial will cause
them to disappear. Not even they reckless us some
Of them are, will dare to impose upon the common
sense Of the public, proposition at once SO tynn-
nical and insulting, that it is good for them that
their OWa Banks haze been forbid TO furnish then,
a currency, and at the same time that heydre for
bid from procuring one from any phsre else. But
the "COnStifufiOR is in The hands Of its trirnds," "
and so it goes. Fit climax Of tinkoring locoio-
colsm, Ii the result were not so momentouB, it
could not fail to excite smile