Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1858-01-19
KEPEAL ov PAYNK's TEN PER CENT. INTEREST
LAW PROPOSED.

REPEAL on PAYNE's TEN PER CENT. INTEREST
Law PROPOSED.
Learnestly recommend The repeal of the
act allowing contracts Tor interest az ten.
per cent. The legaIIzatioh Of such . rate
OF Interest enables li;e aseneyed capitalist
to absorb far too large share Of the earn
ings Of the farmer. the mechanic and the
meichant II often takes the whole, and
sometimes more than the whole. 1t may
be. some thinks that 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 interest may be
approved, respectfully suggest that it
should be uniform, and be allowed to all
persons, wheter natural or artificial, alike,
and that all contracts for higher rate, by
Iwhomsoeyer made, should be deemed and
held alike null and void, unless enforced,
with simple interest, for the benefit of edu-
cational or benevolent institutions. Dis
examinations between classes of lenders,
tempt to fraud, and almost uniformly fail of
beneficial results. In this connection,
your attention may also be usefully given
to the various devices by which banking
institutions seek to eyade statutory lmita-
ton of interest, and to the provision of
more effectual guards agains such eva
sion.
SINGLE DIsrRIcTs AND ANNUAL SESSIONS
AGAIN URGED.
OF the several amendments Of the Con-
stitutioh 81 $osed by the last General As
sembly, aud submitted to the people at
the last general election, none received the
suffrages of majority Of all the electors.
do not regard this result, under all the cir
cumstances, as a decisive verdict, and, still
believing, for reasons heretofore fully as
signed, that Annual Sessions are necessary
to the proper care and security OF the pub
lie interest; and that single Senatorial and
Representative Districts are indispensable
to a true expression of the popular will in
Legislative action, / respectfully recon-
mend another submisson to the people,
amendments providing for these important
objects. confne this recommendation
to the amendments, because regard them
as most desirable, and because experience
seems to teach that when more numerous
separate propositions are submitted, no one
of them is likely to received 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
ton for the Deaf and Dumb; of the Insti-
tuition for the Blind; and of the Central
Ohio and Northern Ohio Lunatic' 'Asylums,
are ready and will be Immediately laid be-
fore you. The reports of the Southern
Ohio Lunatic Asylum; of the Ohio Peni-
tenLiary; and of the State House Commits
sioners, are in the hands of the binder, and
will be speedily submitted. Those of the
Auditor of State; of the Secretary oi
the Board of Public Works; of the Re-
form School; of the Asylum for Idiots; oI
the Or. Master General; and of the Com
missioners of the State Library, are in
the hands of the State Printer, and will
doubtless be presented before the close ol
the coming week. The reports Of the
Commissioners of Common Schools. Of the
Commissioner of Statistics, of the Com
missioners of the Sinking Fund, of the
Ohio University, and of the Miami Uni
versity, have not yet been received.
The report of ethe Commissioner oi
Common Schools has been delayed by the
omission on the part Of several County
Auditor to transmit the necessary returns;
but l am assured that it will soon be ready
to be sent in. The labor of the Commis-
sioner has been extremely arduous, and |
commend to your favorable action his ap-
plication for Clerk. The great interest
entrusted to his charge is of primary i'm
portance. That the people feel and under
stand its true character, is apparent from
the fact that of So, 169, ,40l 90 collected
in 1857, and disbursed for State purposes,
81, 1856, 764 40 was applied in support oi
Common Schools. And no wiser appica-
ton of the public funds could be made
The youth of State are the future State
STATE INSTITUTION PROPOSED TO QUALIFY
f4 - TEACHERS,
The State will be what, under present
training, they become. No body of men
do greater work, or deserve higher favor,
than the teachers of the schools. Their
wishes and suggestions merit your most
serious attention and favorable considera-
I ton. Among them no one appears to be
of greater moment than that of a provision
of an Institution for the preparation of a
large number Of thorongly qualified teach
ers. 1 respectfully commend to you the
inquiry whether this provision may not be
made by organizing Normrl Department
for the instruction of teachers, in one Oh
both the State Universities.
The report of the Commissioner Of Sta
tistics was not required to be in readiness
at the commencement of the session. 1t
is. however, in preparation, and will he
laid before you as soon as possible. The
labor of collecting, collating, analyzing
and arranging the materials for this report
must necessarily be vast and perplexing;
but i have fullconfidence that it will be
well and thoroughly performed; and that
the report, when made, will present most
gratifying exhibit of the industry, resour-
ces and civilization of the State.
The reports of the Auditor and Treas
urer will exhibit fully and in detail. the