Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1854-06-20

slealll, is Alb Tue peopte f'Vantfahui aiiithey
demand.hae a1ia9s sHalhhN gdllF ;thbaal
aWheE The call shall issue from Columbus
we sincerely hope the people of this county,
will see The importance oil the ca|land meet
us In county convention en- masse, and show
,ha, they have an interest in the movement
designed alike for both purse and conscience
West. Palladium.
The Ohio Life Insurance and Trust
COmpa my. Its End .c
The decision Of the Supreme Cour OF the
Unued States in tho case ofthe Ohio Life In
sursnce and Trus, Company Us. Henry De-
bolt, Treasurer of Hamilton county, subjec.-
inc ,he former 10 The rule of taxation laid
down in the law oil March slst. 81, and i'm
posng upon it burden amounting, under
ihe law Of April l3. 1852, to about one hun
dred thousand dollars pei annum, will prob
ably render The winding up Of its affairs u
matter OF necessity. The loans Of the ns,i.
tuition upon bond and mortgage. amount, we
are told, 10 abou, three millions Of do'lurs,
due oa,hs frs, day Of The mesent month; and
as The notice required by law was given in
June OF las, year, proceedings 10 enforce
their collection may, and probably will, be
instituted Immediately; especially as it will
become matter oil pecuniary importance
10 the company 10 escape as rapidly as pos
sible the operation of law which absorbs
so large share Of tho interest due upon
,bese chooses in action. tne e8 a.e.N.
I |, is evident that upon the winding up OF
this institution, alarge par, Of the capital now
invested in lis operations, will seek employ
men, in other quarters, where profits are
eoually secure andlaxa,ion less burdensone.
or such the country offers an ample field;
and il would afford no raaonal,l gruund ol
surprise if, ina few years, we shall findfthai
very store Of wealth which has. during TWEEN.
,y years past, done SO much 10 give activity
10 enterprise here. employed in adding tot the
business facilities and growing strength oil
some rival in our manufactures, or compel.
nor Tor commerce. Blu. i, is not in the loss
of capi,a alone, that injury will accrue
To cal in SO large q sum Of money cannot
othewise than produce much individual dis
,ress. while il will,,end 10 consttic. and un'
settle The money market Of The State. Anc
when we take into consideration the fact tha
,here are not only no means at home 10 sun
ply the rsomenlary vacuum thus crealed, and
lha. s,ringen, penal laws were enacted by
ihe las, Legislature 70 prevent the influx o
currency from abroad, we may be excused
for suspecling sAat bu. a few more turns o
The screw WILDE required to bring on con
di,ion Of things bad enough to suit The taste
of even Constitution makers and law manu-
| facturers.a fa + H
| We are 7recluded from speaking Of sdia
policy which has secured the disbandmen
of the Life insurance and Trust Company
MS inefficient, by the fac! that, in this cnse a
least, Il has achieved The object 20 which
owes lis origin. 1t was intended 10 lax il
victim ou, Of existence, by tho application 9
rule. unius. and inexorable. Ii wos de
iliberatte killing Of The goose 10 get NE gold
4 en- egg, with full view of the fact that h
/ slaughter would put an end 10 lis annapi oSg
ZION. : With this truth before us, we are cd;
I6led 10 gel pretty comprehensive view Q
the financial policy Of the parry TO which W
are indebted FOR The bank tax law Of Marc
\ 81, 1851, the Constitution Of The same yen'
4 ,he taxation system Of April 8, 1859, an
like law Of ihe las, legislature prohibiting th
circulation OF foreign bank notes in Ohio
By The assistance OF these, we have Is
Banished capital. I'd. OWlawsd credi
| Sd. Prohibited currency. Add to this ,h
fac, that since ihe adoption Of The new col
stitution, The taxes levied upon The peopl
havs increased al the rate Of one millio
dollars annually, and we gain an elevalio
from which 10 inspect prospects dreur
enough for The most ardent lover Of The big
pressure system in politics.
l We have spoken in the foregoing, Of th
Ohio Life Insurance and Trust Company
as fact, without intending 10 become II
) apcligist Cor any Of The exclusive prlvileg
! which lis charter purporlcd to confer, or
!, any form assume The advocacy Of 'vesl
: rights in us hands. But les, We be uccus
7 by neighbogs more 6isinieresedly virluo
than ourselves Of Whiggcry, OF some 9th
unpardonable political Ee.erodoxy, for |,
bare admission that such an institution h
right tolive until executed in due form
law, we beg leave 10 remark th@ q CLAN
K at its ACT OF incorporation shows US aSe 81
g natures Of John RI. Keith, Speaker Of I,
!. House Of Representatives, and David
$ Disney ditto, Of ihe Senale--tes,imoni
n which would seem TO indicate that i, was /,
u woik Of Legislative body, having, WI
g was thea esteemed, democratic moioii
0 in both It's branches. We freely admit, Il
@ we did not a, ihat time, belong 70 ,ha. sri
e Iof Democracy, being then, as we are no
1. most decidedly in favor Of fra trade
u money! bu. we have atIcus, tha, amount
!, anxiety Tor the public welfare witch wol
r. induce us 10 prefer 10 spare the lises Of
{. few wicked bankerss rather ,han involve i
'k community 10 pecnniary dislresss and pr
'e thousands in TO The Gtlgosha Of bankru
n cy.--Cia. Com.
10 TiE BENTON TRiuMPn IN 81. LoUls.
o, The recent election in ST. Louis. In viii
10 the Benton candidates ,riumphed by an :
> 4 r -. L l.-l l. :.