Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1859-09-23

During the last ten Toars, the people OF
Ohio have lost Eve hundred thousand dollars
by depositing the public money IN banks
Fifty thousand q year is conslderauie
amount to pay for experience, ana the C''i-
1sna Of the State ought to have learnt some
thing about the inefdciency oil the system
bv this time If mans neeced to the tune Oh
eonr hundred or Eve hundred dollars year.
even in his private business, by investing IN
q certain way, he will be very cautious there'
after; but if he loses that amount every year
for several years, in succession, ne 10
nossessed of a modicum Of sense, he Will
abandon such branch OF business as dam
gerous and absolutely ruinous. The people
at large, after repeated losses, managed TO
get their ewes open, and notwithstanding the
declarations of the heads Of the Rel ubllean
party to the contrary, at last consented tina
the old system should be abandoned and
new one adopted, which would insure the
safety Of the public funds. i was lound
that banks we're frst-rate Institutions 70 put
money into, but the most difficult places N
the wsrIa 10 yet it ont Of Wien the press
isfs came and che funds were needed, they
could not be found 'iha banks had invest
I'd thsrn Isl western RAILROADS, oT AsaEtea
worth lsss a,siia cat bEanelaea on the 9ssp
iers whsfe they expected Is make sorne7
tlsipg bupdsems ape wElsn The arisisIssqE9a
tIiey sdspsnded and ghe peap ltlie y! y
sustained the loss as best shey eoald
Tie Sub Treasury system las work ed
well beyopd all anticipation and ssiar q
known, not dollar has been 0st hinder u
There is no earthly objection TO it excepl
abstract, theoretical reasons, which can ney
er have any practical effect Mr.. Dennisor
is opposed to it, and is in favor OF returning
to the "good old system,' under which th
people OF the State lost the paltry sum o
only fifty thousand annually, which amount
by commendable slight of hand process
was transferred from their pockets int
those Of certain gentlemanly bankers. Iii
very modest in Mr.. Dennison, as leadin
banker, who has already lined his pockets OF
of the public crib, to propose that the pub
lie money shall be handed over to ie
men of his calling to speculate with. VIII
pleasing spectacle it is to see gentlem'
of the same profession hob nobbing loving
together and doing each other good tn
in business The gentlemanly bankers
Columbus and some other cities OF the Sta
are to help Dennson to the Governorsh
and in return he is to open the doors oil I
treasury, so that they can gorge themsel'
to distension. They are to clOthe him W
the power, anG he is to use it by loani
them the peoples money, at G per Gel
which money they will loan back to
people, Al the uncomfortable advance Of
or 8 per cent month and think they
comforting great obligation BY 50 dol
or If that is not getting rich fast enou
they can pocket the whole and cry failu
This is but following out the golden r
and returning favor for favor, and as 81
Mr. Dennison expects that it will reco
mend itself to the good people of the ST.
One would think from the persistency "
which he dwells upon the subject that it '
the only issue of any Importance invol
in the election The major part of his
angues at different points in the State
made up of complaints that the Democ
have choked the bankers OF from the pu
crib, and he seems to think that his y
mission on earth is to put an end to this
paralleled piece Of cruelty. With all Il
respect for this immaculate class Of
citizens, let the people ask themse
whether fifty thousand d year is not all
too much to pay for their accommodate
and whether they could put their none
better use than to bestow it upon 81
Of wealthy Sbylocks.