The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-06-27

Making reputed actual circulation OF notes sos i3i,
ekoees Of f2l4 Ia security Of ocndsf all the
bonds were 70 the treasury.
ZEE OHIO srArE MrKREsr-ALL TIE MONTY on
EAYD IN NEW YORK.
Special despstch 10 the cn.innau Gazette
CoIuxHus, Jcne "a, 1867.
mo sa.e Authorities ue advised, by q despatch from
Aud,os Wright IN Ner York, thai 81 mAcred irais
renet account. VI the July interest have been paid
weed for full SotwibsAndlng tho heavy drafts upon
tie treasury by The late officials, by which was pretty
y. aspe,e c 10 me sns oSar ss S
cbcers scsed promptly snd efficiently thus overcoming
The dfacsy that many OF DOR csen' unprecedented No
p OF Ohio are exceednry JEALOUS OF the credit OF tho
Aie hence the anxiety thai prevailed with reference
NE pay meni Of the July interest
lrrom tho Phiiadelpha Ledger, June rs.
STATE IMPLICATIONS AND THEIR RExBDr.
Twenty years ago. when in Tho panic Of 1897 IL was
EhooveYed that Mr.. swsrwou; had become Sefsuiter 70
- governments, Il vS commented upon in all the papers
vim sucn indignation TO show plainly thai the moral
Of al parties and Of tbs Whole Community,
bo<h surprised and outraged rten these
rare ihas payncip.ss formed out OF he name 10
prsss the cass Of every abscoudng de,auer who was
tcxth wkh declared 10 have "Seariwout In Il from
any recent czouspess Of mo public oousenoc-apy de-
cline Of pubic faith and vue-ths, tbese thugs have
scw become % common thai they excite little
maxi beyond calculation OF The smsur aud that tho
Groa and papable breaches OF fAith ard trust without
any pvosocptiou for tho crime, only for the money!
o.xrs p;ci the public purse BY bribery and oorrupeo
md bear Of sae Treasurcrs ycs more dsrngly,
spenfy puulng ner hands into ms vi, and fsshering
ne latest Gaze of Us Kind that OF Mr. Gisson, or his
orobsr In R- NJ rcsn, the STATE Treasurer Of OHIO, s
levon, ina large sin % tie people Of hat state
But viii excite tbougbul rsnde al over tue COUNTY,
and ICED them consider the OF and remedies nor
ssssc whol~als defslcstors sf public officers.
hshoud leAsep but apcrc6ensious thai
nps only part Of vast tdc Of pcculsicu AMI freud
eeaDty, Arising from the extravaganza ereared by the
sudden infux Of gold frum California and Australia AMI
ne esoes,ive stimulation u has gvon " speculation and 10
all tuds Of pubic and private undertakings for gro wing
suddenly rich without acor In France has resulted In
hal sty OF living which tho empire has restored
than restored TO france beyond all tae syhness Of
Me Empire OF Napoton L. beyond ell the uxures OF tho
unsr, OF Louis XIV has been TIA, Of Ma oleon III Paris
has get the fashioo 70 the fatonabe world aud excited
Me rage for srlcndor and costly living. Il easy
th,ng for Lcrs NAPOLEON, whom no had vsuhed
into the empty saddle Of tho frugal Joui, Phi
rppc 70 say to his needy followers sony spend money
The prnccs and prodgae, 10 keep the srtasns OF
Paris busy hatch consplrscie and VII supply You
ush cfcss5 pccrlator 70 the amount Of forty or DIV
MILLIONS beyond all ue saarics has lntrojuccd such pas
son for extsvarssoe BY new men trying 70 eclipse the
generations have swep, say Tts tide OF display
has ro@d over hero. New York he's "imported" H. aud
every city IN the Union 10 the FAR West has felt
he swell Of thus rising surge. lie .coms 70 se behind
Rand terribly who cannot branch out in q country
depce Cor the summer aud brown stone house IN the
ETY.
many feed and increase this mania beyond all oouceoou
A. gold deprecaiee In value, land 9TH prop pronsby
ssgmens in price, The knowing ones, foresccirg this
have speculassd immensely western lands that hes
ewrowed up all the gold and about all the credit they
ecud muster and LEFT largo defscsiops 70 be provided
~ AZ The Fast Now land warrants have become drug
and all striving 10 realize
But two months ago any who could ses The use OF
money only for few months, could and did expect 10
make large per contage on his operations In this STATE
W our knowledge, money has been largely borrowed 81 ~
per cent per annum 60 speculate With lands In Iowa
Esfe treasurer then Who could manage 70 abstract
80 cc nigh. hOpc and probably da hope soon 70 re-
of fortune the wrong way and the state robbed
sucn has been the hstery such the causes that have
- hs Ohio deacatoc, and fear not this alone.
~, MAJ 70 the cure9 kus ihese thlrgs occur peroti
10y snd sugmcni yearly a an increasing rntof Abetcr
auosuon the frst requisite, ose OF less show sut
49, honest worth. Experience may do something 10
lew 81 the FOLLY Of ever letting expenditure get
snsso 81 ncome, and the certain ultimate destruction Of
-. $3.50, -, ~ IN awaits tho>e Who speculate with other
$3.50 money But better still family training 10 main
rea 80. s wn1 svetly right honorable and jusi
ss :, n'uueu ~ me house Of CHI dbood and youth A.
Esrsrsve 70 wnst u snowy and seemingly lucrative.
~ svs or sudunG the ssie socounn may do some
s"'s @ mrc ono rom future dsprecseors bus here b