M'arthur Democrat. (McArthur, Vinton County, Ohio) 1853-1865, 1858-01-14
The Governors Message.


ly lengthy, and as usual, composed
in part of a great deal Of talk about
Kansas and the Federal Government,
with which the Governor has abont
as much to do as the man in the moon.
Another portion of it is a rehearsal OF
the Breshn and Gibson swindle. The
Governor re.iteIates his belief that
Breslin stole all the public money, and
that Gibson Notwithstanding it was
firstn1fssed uiioler his .sl,ais;str,,tioa,
and after he had swcrn it was all in
the Treasufy--had no hand in the ab-
straction. Few intelligent men, how.
over that are not biased by partisan
feeling, will believe this hypothesis ;
for men do not often lie rnl swear to
falsehoods merely for the sake Of
screening a friend. Gibson, beyond
all doubt, if lie did not take all the
money, was Qnite as much concerned
in its abstraction as Breslin. In this
connection we learn one interesting
fact from the message. The State
would have lost $15O,o00 by the fail,
we Of the Trust Company, had it not
been for the defalcation of the two
State Treasurers. An arrangement
was made with that institution for the
payment of the July interest of the
State, at New York, which made the
State n debtor to it for funds that,
otherwise, would have been lost in the
failure OF that concern. The State
was certain to lose large sum in any
contingency. This fact shows the
necessity which exists for an ndepcn-
dent State Treasury, where the funds
of the State can be kept, under certain
restrictions, without employing banks
and brokers for that purpose.
We give the Governor credit for
recommending an Independent Treas.
ury for the State, and calling attcn-
tion to other legislation proper to Sc
cure bill holders from loss by the ex-
plvsion of banks. lie holds that the
remedy for the evil Of paper currency
lies with Congress, which has power
to prohibit from circulation as money
any substitutes for coin ; and he does
not doubt. that the exercise Of that
power by prohibiting notes of the
smaller denominations, would be wise
and salutary. The act to incorporate
new banks having been twice rejected
by the people, the Governor concludes
that the majority collectors do not de-
sire the creation of any more ofsuch
institutional conclusion in which
we heartily agree with the Governor.
lie recommends that all property en-
plCyed in banking be taxed as other
property is taxed, which is another
good democratic measure.
The Governor recommends that
provision be made by law for the COL
lection of taxes semi-annuahy, instead
Of annually, as at present. In that
case there need be no accumulations
in the State or County trca uriei, but
the money will remain with the peo-
pie until needed to pay the interest on
the State debt.
The total foreign debt is S13, ,621,-
s57 20, the annual interest upon
which amounts to SSO7,O61 43.
Domestic debt, S277,26O 81. In
terest on same, per annum, $1G,523
10. Irredueible State debt, S2,503,-
O27 76. Interest on same $141,2 ,204
27.
Total debt of the State, SIC, ,4O2 O95 80.
Total annual interest, S964,9S6 so.
The Governor recommends that the
ten per cent law be repealed; that
amendments to the Constitution pro-
siding for annual Sessions Of the Leg
islature and single Districts, be again
submitted to a vote, and that legisla'
ton be had in regard to temperance,
though the Governor is very careful
not to state what that legislation
should consist Of, for "thereby hangs a
tale"
~--~~>--~~~~~>--~~-~--D~-S~~>J~~Ds