The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1857-06-26
p,mo ratio DsiAleatisns-ohie and lswa.


than experience. Theories usay CT may
no, be uue. Experience resolves Ill spec.
ula,ion into reality. The State oi OHIO is
ias, at this tine having an experience. u
the close study OF which We msy recon.
mend the people If Iowa. We have pab
i.shed an accoua, Of the heavy dcftlcaton
in Oh,, occurring through the late Deno.
cratic Treasurer Of State. The Evansville
Uad. } Journal comments upon this whole
sale s~indling, aud Gays the de.alcaiion
which will probably be increased by the IN.
ses,iss,ions IN progress, to nearly one mil.
lion dollars, Is likely to entril very serious
consequences 10 the State Of Ohio, aud It's
Influences will be felt upon the credit Of
every Sts'c In the Union. The available
flnds in the Onto Treasury appear 10 have
been oil distracted and used. There are
no resources to pay the interest on her State
debt due on the iifst Of July. and her public
officers have no credit or Law 10 enable
them 10 borrow the bond.. The only 70
source is 10 call an extra session OF the
Legislature to provide the me ans 10 supply
tho deficit: this cannot be accomplished
~i,hon, several months delay; in the mean
time her coupons will 20 20 protest and the
State will be dishonored. Ohio has here.
toiore stood IN the hrs: rank OF insnclal
credit. Her bonds have ranked with those
Of New York and Massachusetts IN The
iorclga and domestic markets. During III,
severest rressures-even in periods OF spe.
Gle saspensions-shc has always met the
interest aud principal OF her bonds Us they
became due. II she proves delinquent
through the dishonesty OF her public III
Gers. confidence in the official integrity oI
the government Of every State will receive
Shock; ssd . ssw difficulty will ari.e 10
a W. q the public credit Tor The eenefr
Of the people. whs1 q SEEl ssAe&cssea'y
or ,xp,d,ent to resort 10 Il 70 sces9Pss
kres, pubic ends. To The enquiry In re.
gard 10 the resources and ability OF State
ana municipal corporation - neci ,hei' |
engagements, will be added another, more |
difficult, ono to satisfy: wha. 10 likely ~
BE- TIA. character Of her pubic oii GERS MN
re T. he entrusted with the administration
vi public affairs The people my pa,
lh.m d.bts, but a douh, may arise tha, al
ter /, ge.e into the treasury whether the |
money will ever reach the hands Of the
public creditors The rule OF The dcnla-
u, ues-the decentralization Of party poll.
ties-which are increasing day by day
makes an alarming feature to the eye OF
The capitalist who Is asked TO take public
integrity aud official re.
sponsioiiity are becoming by-words every
" here among u.. TIL. public treasures
are becoming the subjects of pua1cr By
unprincipled office holders, Who strive ate,
the popular favor to &c, a chaaee to pil.er
unIer the lmmuait es Of Office.
The experience Of Ohio shows that the
people must give more attention to their
pable Officers Tney have been so much
n The habit OF trusting every thing 10 Office
ho'dcfs' and to making Office holders u .aeu
IS atesari Tor party services a one, tina,
Ills no wonder the, occasionally are called
upon 10 realize the fact. that they have been
most grossly s~indled. VIVA, has occsrred
in Ono may happen in Iowa. lie, i, be
remembered that the defaica,ious in Oaio.
which have In manner bsnkrup,es the |
State, occurred through Dcmucraclis ot |
hce.holdsrs; and the heavy sumo no doub,
were principally devoted to keep,np ~
the organisation OF the Democratic party,
aud Carrying Il through the lac presiden.
iial campaign. In lows, the ONLY State
eiiiec In the hands Of the Democracy, a.
the uuse VI Superintendent u Public H..
sIoe.ion. Our people are familiar with
The delsleasion or miserable smindliny Of
The person WHO filled tnls ol6es. Tbes
Know the manner In Which he de, o,csl tho
school funds, which should have been held
BY bin as a sacred trust Tor tho bon, n, O,
The children IN the State. TO party purpose.
Ito sewerdirg isvori,cs and 10 assisting
The party pfess. Wa nave la this, nd in
she Ohio defalcafions, illustrations Of WIN,
may be expected il tho Democratic party
obtain the power in This State. Lee. the |
dsmsgcgues Of that party obtain the Gu
p-cmscy, and we have no guarantee tha, |
our late Superintendent Of Public Ins,,uc.
ton will No. have plenty Of ,mi,a.ors.