Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1854-10-05
ANTI.NEBRAsKA,
The Small Bill Law-.A Tarn of tho


The Small Bill Law-.A Tmrn Of the
On the first day Of October next, the law OF
The last General Assembly, TO prohibit the
circulation Of the bank notes of other States,
Of loss denomination than $40, will take st'
feet and be in operation. This law prOscrlbes
the transfer As money Of such notes, under
heavy penalties, with bribe Of one hall TO
the informer The man who transfers one.
two, three or Eve dollar Kentucky, Indiana.
New York or New England hand bill to bis
OeghbOr, in the pay nent OF de6G, or the pur.
chase of necessary, becomts, IN the eye OF
the laW, a cRINTEAL gully OF an offence 80
heinous that the Stale voluntarily parts With
one half the penalty 10 order that he may. be
sought out and brought TO justice.
| There are estimated w Oe il,een million OF
dollars of the currency Of banks Out Ot the
State in circulation in Ohio, two ihlrds .! which
lis in notes in denomination less than sen dot
lars. The arrival Of the first day Oi OctOper
will outlaw this vast sum Of money. AL IeG-
der it, so far as the thing can be done By les
is station, worthless as a circulating medium, =
The only parties which the few permits 70 deal
in this currency, after the first day Of OctoheT.
are the BROKERs. For the brokers il will iuI-
uish harvest. The notes being unfiL for cir
euation will depreciste, and The holders will
he forced TO part with them for what they can
get 1t will be easy, will little management,
a few prosecutions, and paragraph here and
there in brokers organ" to get up panic.
and then the crop will be quick and the yield
remarkable. The democracy" of this branch
of the subject, is also proper subject OF in
quirv and estimate, but we will reserve that
also for future occasion.
The local and general levy of taxes for the
coming financial year in the state will amount
to about TEN MILLIONS OF DOLLARS. The ag-
gregate of currency 10 be annihilated aboat
the lime this immense sum in tsxes falls duo
is about TEN MILLIONS OF DOLLARS. Ne are ~
ready laboring under scarcity Of circulating
medium almost intolerably.
We have heretofore spoken Of The ;'demncy
racy" Of the doctrine and practices By which
the State has been led on from one error iA
principle to another, and from one abuse in.
practice to a worse. and shall do so again.
We merely desire, at present, TO cite some
democratic, authority
The Ohio Statesman-the organ OF the dem
ocracy at the center Of the State-speskiHg Of
the law for the suppression Of small notes,
says:
"These provisions are stringent There i
no use trying TO laugh or scout them away By
paragraphs from interested sources. The law
Is on the statute book. THE DEMOCRACY
HAVE DEMANDED 1T TO BE PUT
THERE. Ifthere is anything wrong about it.
it is that the laU does not g. quite far enough,
and stop the whole rag tribe from vagabondi-
sing over the State, drawing honest gold and
silver into vaults and secret places" Fellow
citizens. this individual processes to speak for
the Democracy. You hear his sentence. In
bis opinion the screw is not turned quite hard
enoug Oh upon you yet. On this braEch of the
subject. you viii make your own eommensry.-
Gin. Com