The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1855-09-19
Ohio Stocks agai Tax Payers

Read!
We have rep atedly had occasion, In
discussing the financial policy of Ohio
o-allalde to the credit of the State in
the Eastern market, under the Wing
administration, when her Stocks sold al
less than so per cont. below par, and al
so that of the Democratic party, when
her credit was redeemed and her Stocks
sold at a premium. We now call the
attention of the reader to the following
spirited article from the Chiilicothe I'D
uertiScr, in which the proposed change
of State policy and officers, thrust
before the people, meets it's merited re-
buke, and which should cause every
sound Republican to hesitate before he
leaps into the embrace of the Fusion
party. Read, Tax payers, and judge
for yourselves
It is a refreshing satisfaction to the
Democrat in these warm days, to know
that the credit of the State, financially,
is kept at a premium by the Democrat
ic State officers who have charge of the
financial affairs of the State. Some
time ago we alluded to the fact. hat of
all State Stocks in the Union the State
stocks of Ohio are the only ones which
commanded a large premium. In look.
ing over the Stock exchange report of
the New York HeraLk, under date of
August |, we find that $500 of 0iio
State Stocks due in 1860, and drawing
six per cent. interest, sold at q premium
of five and a half per eeat., while the
stocks of no other state which were sold
brought even par. This was for the first
board. Under the second board Sl0,-
900 of Ohio State Stocks due in 1870,
and bearing six per cent. interest, sold
at a premiums Of eleven and a half per
cent. Next to the Stocks of the United
states Governments they command The.
highest price, which is an evidence that
they are regarded as tae safest fpr7in-.
vestment. Should not every Ohioan
feel a just pride at this cnviable churac-
ter which his State occupies in the mo-,
ney market in the country? Never be-
fore the election of the present Demo
cratic State officers, did the credit of
the State stand higher, and we can call
to mind no period at which it stood so
high. We have a distinct recollection
of Ohio State Stocks going a begging in
the money market for purchasers at a
humiliating discount. Democratic off
GERS at that time had not the manage
ment ofour State %affairs. us
We will put a common sense question:
to you in connection with this matter,
trusting that it will induce you to re-
feet u little and cause you to act as be-
eometh men of sound views. Suppose
that for years you had been doing a bu-
siness that necessarily required the en-
ployment of several agents, and that in
the. outset you had agents that so con-
your affairs as to keep your cred
it below par. Finding this not to an
swers you Changed your agents until
now you have a set who have not only,
by their skillful management, brought
your credit up to par /; but they have SO
it that men are eager to pay
a premium for your paper. Would you
these agents at this juncture for
1ew and untried ones? We rather sus-
oect, you would not. t.11a
In precisely this attitude now stands
he credit of the State. The present
Democratic officers have so established
is credit that men gladly pay premium
or it's stocks-a thing as raresas achite
black birds before they were elected to
oficc. AS you would not discharge
sour agents who should have redeemed
1our credit from dishonor and placed it
pre- eminent over that of your ~neighbors,
ILL - /
IF wisdom on your part to pursue an OPP
oosite course of policy toward the agents
If the State THAT is, to vote to dis
,lace p. en- who have redeemed the cred
t of the State and placed it pre-eminent
,yer that of any other State in the I'm
on? Just consider this whilst your
is cooling; and determine that
Justice shall be done, although it con-
ribute to the overwhelming defeat of
bolitiou-Know Nothingism."