The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1854-02-10
lIEgL vi Prom .6t csIIna Standard.
TIE sUB1TREAsURY Law.

7
10 the Legislature: "a sa salI99m tSua
A practice is said to have grown uPm
many Of tho large towns, however, Of
bpnkers and brokers paying interest on
deposits, The State surely has NO objecr
tonic this when confined 10 i,hc irans,
actions Of private individuals. But il ia
also charged that these establishments
sometimes become the, depoSi.ot:es Of
public officers, and large sums are thus
realized BY apeculating upon the money
Of the people. These representations
mdy have their origin in more suspicion,
but they hsye called forth q feeling Of
dissatisfaction and alarm, that can only
be allayed Sy the, adoption ufsucf, saeas,
utes as will prevent lie possibility Of 80
dangerous practice. The present sta-
tules are defective in ihis particular,
and require revision. The public money
should be guarded with the utmost caro-,
and ullapplicOiion ufli, expect to tho put-
poses for which i. was raised, should 5e
strictly prohibited by law.
An objection has sometimes been
made this policy, that i, locks up tho
treasury Of tho people. d'rhiS objection,
when examined, will be found 10 be
without any real foundation, In this
tate, as alfead y observed, The revenues
are chiefly raised from direct taxation,
for certain we'll known purposes, aud
payable a, periods entirely within The
control of the Legislature. A, no peri
cd is it NECESSARY 10 keep any considera.
bic amount on hand, while OUR tfeasr-
ries mightmost of'he time, convenientl;
be empty. Under circumstances, there
surely can be no difficulty in so mods
fying the laws that all danger Of defalea-
ton or improper use Of the public funds
will be avoided, and the money pfthe peo.
Pile, at The same time, be left in ,heir own
pockets, until required for tho public
seIy;ce.
This, We regard asa direct expression
from the Governor us TO his views in re-
gare to his necessity Of come action by
the Legislature, on the subject Of the safe
keeping Of the public funds ofthe State,
and also, Of bis opposition TO System
that has heretofore been notorious, by
which these funds were jeopardised BY
being placed in the hands ol Rail Road
Companies, Brokers and Bankers, for
purposes Of speculation 10 them, and
yielding heavy percen,um 10 the State
officers whose duty il was 10 guart
them. r, p.
We are aware ,ha, the argument il
used ",hai no dsfalcation has ever ye
occurred in the State Tieasurcr's office
Direct" bul in these days of speculation
pecuis;ion, fraud and robbery against an.
Innovations upon tho Funds Of the Stale
and that il is the duty OF The present LIE
gislaiure to provide aginst tho possibilii!
of any sven, occurring by which singl,
: dollar may even be lost in this way.
is also said that "a State Treasurer cnn
not live without reaelt to specula,is
with the public money,"-bis pay 70
services is TOO small TO sustain him at tn
scat of government, and we have beel
credibly Informed tha, Mr. Bfacbman,iht
late Wing candidate for that office, posi-
Itively refused to be candidate, il such q
llw as was contemplated 10 tho last Log
isla,urc, would be passed. II this is real
" an objection 10 the passage Of SO salu'
,ary provision in our financial econo
my, let.the men who make our laws re
move il a, once, and, il needs be make
the pay commensurate with the services
Of the official. No longer let a bar b
between an official and the faithful dis
charge of his duties, on account OF . few
bundled dollars. Remove the evil as IA
as possible, and suppress temptation b.
doing jdsicc, and induce men 70 take
those offices who will faithfully carry on
such laws. ,a b oat4aeas) ssll
During the last session ofthc Legisla
,ure, a. Till introduced BY Mr.. ATKINSON
the Senator from the Carroll Dlslric'
tending 70 this object, was defssted b b
the. money power, in q way we bava nsv
or vet seen satisfactorily explained away
I Mr.. Atkinson is member OF the Prsssh
Senate, md that body has seen fiji te
place him at the head Of the Financ
Committee. We arc glad of il. He j
the man for tho times, and for that plaet
and We miss our estimation OF him II h