Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1856-01-24

description, by Whomsoever held. No favor
and no dis favor should be shown to wards one
description of property or class OF owners,
rather than towards another.
Urder instructions issued BY the late Audi
torof State, the statutory right of each citizen
to deduct his debts from his credits. in listing
his property for taxation. has been denied. In
issuing these instructions, the late Auditor was
governed. doubtless, by respect for decision
of majority of the Judges of the Supreme
Court, by which the section Of the act which
allows this deduction, was declared to be un.
constitutional. Notwithstanding that decision,
however. the Legislature has not thought Ct to
repeal the law, and it may be doubted whelh.
er the Court, upon reconsideration, will ad.
here TO the opinion heretofore expressed
Should the present Auditor. under these cir
eumstances, think it his duty to conform biz
Instructions to the statute which remains unre
Pealed, rather than to the opinion of the ma
jority Of the Court, the right denied by BIZ
PiOuSOSssOI VIII De TesbOTeus
A sound and sufficient currency is indspen
sable to the welfare of every civilized commu
nifty The best practicable currency. in my
judgment, would be a currency of coin, admit
ting The use Of large notes only for the conve-
nience Of commerce. Such currency. how
ever, is only attainsble through the Legislation
of Congress, and the action of the General
Government. Connected as we are on all
sides with States in which banks of circulation
are established, our actual currency in the an
sence of adequate banking capital within oul
limits, must necessarily be supplied in grea
measure, by institutions beyond our coalro
and exempt from our taxation. All attempt,
to exclude, by penal legislation, the banl
notes of other States from circulation in this
have proved Intellectual and the public SEN
timent demands an increase of banking capital
organized under our own laws contributing. in
Just measure. to our own revenues, and sufi.
cient to furnish the necessary facilities tol the
+ dduSaVtiou vi uuSthesS' 1u6 SOnsIltuNOn Ol
the State indicates the mode in which this de-
msnd may be satisfied 1t provides for au.
thOrizng associations with banking powers, by
act Of the General Assembly, TO be submitted
to the people at the next general election, and
not to take effect, unless then approved by a
majority of all tie voters. In framing such
an act, should you deem it expedient to tx
erciss the power thus vested in you, the ut
most care should be used to secure the prompt
and certain conve.tibity of every note used,
into gold or silver coin, upon demand OF the
holder; to protect the community against al
abuses of granted powers and to guard
gainst the evils of monopoly by extending The
benefits of the act to all who give the ample
securities and guarantees which you will
doubtless. require, No general objection ex
lists to a mixed currency of coin and notes ex
changeabe for coin at the will of the hOlde
without loss while all mere paper money
systems, pregnant with fraud and fruitful Of
ruin, justly incur universal replobation.
For several years past the law has allowed
contracts for interest at the rate of ten pc
centum. There seems to be no valid reason
why the capitalist should be encouraged to de
mand SO large proportion of the earnings o
the producer and the profits Of the manuiactur
er and merchant. therefore respectively
suggest material reduction of the maximum
ate allowed.
need not commend to your judicious con-
sideration the Educational and Benevolent In.
stitutons of the State. Universal Education il
our cheapest defence, and surest safeguard
ard most enduring wealth. Our Common
Schools, which secure the people this grea
benefit, are firmly established in their effeC
eions, and will justly claim the fostering care
of their representatives. Our Benevolent In
stituhons are a noble complement 20 our edu
cational system. Their existence honOrs tht
State. and every patriotic citizen must feel
deep interest in their Improvement and pros
pelity. The duty of the State will not be full
ly performed until the benefits of these insh
tutions shall be extended to all, without dis.
tinction, who need their care.
The organization and discipline of the Mill
tia will require your early consideration. The
laws on this subject need thorough revision t.
adapt them to the requirements of the Consti-
tuition. Adequate provision should be made
for the enrolment of all citizens liable to mill
tary duty, in order to secure to the State he
due proportion Of the public arms. No ne
cessity. however, seems to demand actual ser
vice from any who do not feel disposed to per.
form it. Efficiency and energy will probabl,
be better secured by the judicious encourage
ment of voluntary organization. The patriot
ism of individual citizens, properly sanctioned
and supported BY legislation, will doubles
supply military force fully competent to al