Spirit of the times. [volume] (Ironton, Ohio) 1853-1858, 1854-05-23
Al0N0HQlIES.

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MoNofOllES.
Thstwe 6rst great steps toward man
freedom snd equality Of fights. hav'
been taken. Our ancestors won libsr
" ofthousht from the ecclesiastical HE
rsrchies. and freedom Of speech, of per
son. and .: political actoa, from the ty
rant.
But W Of this age and lime. have ou
lsbors end du,ics 10 perform. "EquaI
lily ia the sys Of the law, 10 all who liv'
under the law" forms the gres, nstion
al idea Of America. "Exsct justice .t
oil. and exclusive privileges 10 more.
was the grand politicsl axiom whicl
formed the guiding star Of Genera
Jackson, and carried him ia triumph
through an age ei reform. ind sfsur
prise to vulya' nliads.
Tbs. "power is continually stealing
from tho many 10 the few" is only ,
common place remark; the truth Of which
10 sttestsd by every days experience
Here and there patched all over the coun
try. We see combinations Of capita
formed. which nrtifcislly control the
prices Of commodities and Of Labor
Private corporations In the character oI
Banks, and the huodred other forms
they assume. have become the great and
sovereign power in the Republic.
We believe It will be conceded on all
hands that some Of the States, (New
Jersey. for example,) have passed ever
to the control Of these private corpora.
tions.
The people Of Ohio in the adoption ol
the new Constitution, entered their pro.
test against monopolirs and exclusive
privileges, and il their opposition is no,
followed up BY uncompromising hos,ili.
~ to ,hs great source Of all monopo.
lies; then indeed will tho effort towards
securing TO the masses their equal rights,
have been in vain. That our readers
may better understand the privileges
which soma Of these corpors,ions have,
we will give them short snalysi. Of the
Priviles of,be Ohio Lilo Insurance and
Trust Company. The extensive pow.
ess Of this institution have been taken
from the people by thsir Legislature,
uadsr the specious prstext Of enabling .
few persons having money 10 spare. to
buy life snnuities. and place their
money in the sefe keeping OF a corpora.
tion, a body withouta soul; an sbstrac.
'ion; a remote circumstance; a legal en-.
sity; a nothing tangible OF responsible.
In tho opinion Of some persons the
integrity Of individuals and the general
laws Of tho land ar. insufficient guaran.
ties for the safety Of property; and that
nothing can secure il but the possession
and exercise Of privileges founded on q
perpetuity Of property, and usutpasion
Of rights.
The powers granted by our Legislature.
TO the Ohio Lille Insurance and Trust
Company, are as follows:
!. To mako insurance on lives.
2. To grant and purchase snnuitiss.
3. To mako any Other contract invol.
wing The interest Of money. and tho dura.
zion oi life.
I. To receive moneys on It u.s., and
10 lend out tho same q, such rate Of in
terest as'nsy be agreed on.
.. To accept and execute sll such
trusts Of every description as msy be-
committed TO them by any person. OF by
any Court Of Record.
.. To receive snd hold lands under
gran,s With general aud special cove
nsnts, so for ss may bs necessary to
their business. OF the payment Of their,
debts.
7th. To buy and sell drafts and bills
Of Exchange. 4
9. To hold an original capital Of g.
oo0. 900 dollars. e4@s
Q. To vest such cspital ia bonds snd
mortgages on rssl ss,s,s vslusd !, doc.
bic the amount ofths aums los snsd.
10 To increase said cspitel 10 On
lHDEyHIrE Exfsss, By .deposisss .. an
sssesd ssss OF interest.
II. TO iasus bank notss 10 double
The ssnosst dspssised. POI 70 sxcsed one
uiilion u deltass, I, s s,s. a
lstA "a tays twenty ifsstsss. QUE,
I'M sisetsa evssy sws yssss - shss go
Msssss ssmstns II sikss m y<~y. N
y We shept ne psepls viii iosk MI
70 thls istsEsaisa e ihsis rpvsssiSasy.
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