Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1854-03-23
CORRESPONDENCE
COLUMBUS, March II, 1884.

IoLUhBus, March IL, 1854.
Messrs. EDrroRs
Since the election Of United States Sena-
tor, things have narrowed down to almost en-
tire quiet in this City. The legislature has as
yet done nothing. or what amounts to nothing.
The Senate passed, or yesterday. resolution
to adjourn on the Sd Of April. This would be
an act in which the people have direct inter-
est, and would perhaps condice more to the
public good, than anything else they can do.
Still ii Is very doubtful whether they would do
il.
The State SNb-ireasury bill has passed the
Senate, and strong effort will be made to
pass i. through the House. It will. should it
become the law, produce great injury to the
State. lst. Itproposes to create host OF new
officers under the name OF inspectors and ex-
aminers, TO see where and how the money is
kept Makes the collectors of canal tolls, the
engineers on the National and Maumee Roads,
the receivers OF the State land offices, and the
receivers OF taxes, provide Sub treasury Safes
for the safe keeping of the public moneys. and
requires nll moneys 10 be deposited therein.
2d. 1t prohibits the saving Of any exchange
in transmitting money to New York, to pay the
interest on our public debt, Last year our
State Treasurer saved sixteen thousand dollars
in exchange alone. 80. The money being kept
in so many hands, and in so many places, will
be corrupily used, The idea Of connecting the
mouyes Of the State with the Public Works,
particularly when they are under the manage
meut Of the present Board, is enough to make
an honest man shudder. 4th 1t prevents the
officers from receiving anything but spe Gle and
Ohio paper in payment Of public dues. Now
let us indulge in few reflections as TO its prac,
.ical operations. Our circulation amounts to
about nine millions, all told, and rapidly de.
creasing. The taxes next year for all purposes,
will exceed eight millions now where or
how are the tax payers to obtain the kind OF
funds that will discharge their taxes? suppose
we will have situated near our treasures some
money shaver who will sell specie and Ohio pa
per at whatever shave the farmers will bear, to
meet their necessary tax demands. 5th 1t
will of course compel the banks to speedily di-
minish their circulation, for the entire circula.
tion Of all our banks must pass through the
treasurers hands once year. DC. And the
treasurers are required. "as far as practicable,
to disburse nothing but gold and silver" It
10 practicable for these publicans to draw the
specie for all the paper they may receive. and
hence the whole object ofthe bill is easily seen.
A stab at our o"n currency, which has suffered
from the unrelenting war waged against it, al.
most to entire death. For instance, the New
York Banks have at this time circulation of
eighty millions, and Ohio about nine millions
A large amount of the currency in 0ho is Now
York paper. Who does no. seethat the peo-
pie Of Ohio are paying large amount Of in
terest to the New York Banks for their paper !:
Should this bill become the law, the people of
Ohio will become hexers Of wood, and draw.
ers Of water for foreign capitalists. for the next
twenty years, for BY the provisions Of the New
Constitution, no convention can be called for