Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1858-01-13

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ed. and all transfers should be mad,
within the State, and under the direction
of its Executive officers. l commend
this subject TO Legislative Investigation
and consideration.
earnestly recommend the repeal o
the act allowing contracts for interest a
ten per cent The legalization of sucf
rate of interest enables the moneyed
capitalists TO absorb far too large share
of the earnings of the farmer, the me
chanic and the merchant. Il often take:
the whole and sometimes more than the
whole. 1t may be, as some think. thai
the law as it stood prior to that act would
be improved by the substitution of the
rate of seven per cent, in place of the
old rate of six per cent. Whatever rate
of in;eres; may be approved. l respect.
fully suggestthatitshould be uniform, and
be allowed to all persons, whether natu
raj or artificial. alike, and that all con-
tracts for higher rate, by whomsoever
made, should be deemed and held alike
null and void. unless enforced, with sim
pie interest, for the benefit of educational
or benevolent institutions. Discrimina-
tons between classes of lenders. tempt
to fraud and almost uniformly fail oI
beneficial results. In this connection,
your attention may also be usefully Civ
en to the various devices by which bank.
ing institutions seek TO eyade statutory
Limitations of interest, and to The provis
ion of more effectual guards against such
evasion.
OF the several amendments of the
constitution proposed by the last Gener-
al Assembly, and submitted to the peo-
pie at the last general election, none re-
ceived the sulfrages of majority of all
The electors. | do not regard this result,
under all the circum stance, as deci-
sive verdict. and, still believing, for
reasons heretofore FULLY assigned, that
Annual Sessions are necessary TO the
proper care and security of the public
interest; and that single Senatorial and
Representative Districts are indispensa-
ble TO true expression of the popular
will in legislative action. l respectfully
recommend another submission to the
people of amendments providing for
these important objects. / con6ne this
to these amendments,
because | regard them as most desirable
and because experience seems to teach
that when more numerous separate pro
positions are submitted, no one of the m
is likely to receive the popular sanction.
OF the Reports required to be printed
and laid before the General Assembly at
the commencement of its session, those
Of the Treasurer of State; OF the Institu
tons for the Deaf and Dumb, of the In
for the Bind, and of the Cen
trail Ohio and Northern Ohio Lunatic
ASYLUM, are ready. asd will be imme-
diately Lard before you. The Reports of
the Southern Ohio Lunati: ASYLUM; of
the Ohio Penltentiary; and OF the State
House Commissioners, are in the hands
of the binder. and will be speedily sub
mtted. Those Of the Auditor of State;
of the Secretary OF State; of the Board
Of Public Works; of the Reform School;
of the ASYLUM for Idiots; of the Or.
Master General. and of the Commission
ers Of the State Library, are in the hands
OF the State Printer, and will doubtless
be presented before the close of the COM
ing week. The Reports of the Commits
sioner of Common Schools; Of the Com
missioner of Statistics; of the Commiss-
ioner Of the Sinking Fund; of The Ohio
University. and of the Miami Uuiversiis,
have not yet been received.
The report of the Commissioner Of
Common Schools has been delayed By
the omission on the part of several Coun-
ly Auditors to transmit the necessary re-
turns; but am assured that it will be
soon ready 10 be sent in. Tire labor of
the Commissioner has been extremely ar.
duous, and commend 10 yout favorable
action his application for Clerk. The
great interest entrusted to his charge is
Of Prim Try importance. That the people
feel and understand its true character, is
apparent from the fact that OF 50. 1863. .40l
20. collected in 1857. and disbursed for
State purposes, 81, 1856. 764 40 was ap-
piled i'll support of Common Schools
And no wiser application OF the public
'unds could be made. The youth of the
State are the future Stale. The State
will be what, under present training,
hey become. NJ body OF men 60 a
greater work. or deserve higher favor
han The teachers Of the schools. Their
sishes and sugg stions merit yonr most
serious attention and favorable cons;dtr
ltiOn. Among them no one appears to
ne OF greater moment than that Of pro-
;ision OF an Institution for the prepara-
ion of large number Of thoroughly
qualified teachers. 1 respectfully COM
nond to you the inquiry whether this pro-
'ision may not be made by organizing a
Normal Department for the instruction
# teachers, in one or both of the State !
Universities.
The report of the Commissioner Of
was not required 10 be in read
ness at the commence Of the session.
I il. however. in preparation. and will
e laid before You as soon as possible
he labor of collecting. collsting. anal
zing and arranging the materials for
his report must necessarily be vast and
but l have full confidence it
Tili be well aad thoroughly performed;
nd that the report. when made, will
resent most gratifying exhibit of the
ldus;ry. resources and civilization OF the
tate.
The reports Of the Auditor and Treas
rer will exhibit fully and in detail; the
a,e of the finances. They contain
lazy valuable suggestions which cou-
lend to your consideration. The re-
ort of the auditor also shows the amount
means provided for the expenses of the
lrrent year. within which amount it will
e necessary that legislative appropria-
ous be strictly limited. |