Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1859-09-07

for the important Legislative Office Sf Senator
gentleman who by his vocation represents
the interests Of the brokers and money changers
i must not be expected that the people are 90
stupid as not to see the purpose Of such nomi
nation. That purpose is, a restoration 20 Ih,
money dealers Of the power they possessed be-
fore the repeal Of the ten per cent law las
winter.
These gentlemen we'll know how 10 conduct
their operations. II has been against their
most powerful and corrupt combinations
brought 10 bear upon the Legislature, year aftol
year, that the friends Of free circulation wsr,
at length able to make the "iirststep" towards
reform by the repeal Of the odious tea per cent
law. Now throughout the State they havl
been working the wires otnOmiuAting COnven-
tons aud putting forward candidates who q
elected, will again enable the usurers 10 pui
their feet on the necks of the people. II will
not do for the Gazette and Journal 10 talk AbouI
this being q sham issue. Il is a matter Of fai
more Importance TO the people OF Montgomery
county, TO have their circulating medium re-
leased from the lockers Of the three per cent q
month men, and restored to it's legitimate Juno.
tons a. a measure Of Balue and medium Of er,
change, than TO know what Mr.. A, b or q thinks
on the question Of slavery in the Territories.
That ia an Important question in its place, but
these domestic intesssm Of ours more deeply
and Immediately concern us. flour mechanics
and manufacturers having been partially re
stored TO prosperity by being enabled to pro-
cure and control the means necessary to their
respective pursuits, are again to be herded and
driven 70 the counters Of the moneysdealers for
"aeeOm1aOd atoms" at two and three per cent a
month, Il % time TO sound the alarm. The bitter
experience of the past few years should be Auf.
fcient To put the people on the alert. Under
the operation Of the ten per cent law which
enabled the brokers to pay six per cent on de
posits, they at length accumulated the surplus
earnings Of the whole people. and the great
mass Of the circulating medium Of the country
in their Golfers. All the productive and indus
trial interests Of the country were ct once par.
alyzed. Men found themselves suddenly do.
prived OF the very life blood Of business, MoSEY
lit had been turned out ofthe legitimate chan.
nels Of business. s.-attracied out OF the vaults Of
he banks where IL had been the basis Of six
por cent loans. into these side Feceptaoles
where gentlemen received with bland smiles all
that came and gave therefor their "cKRTrFIoATEs
'r DErosrr," bearing six per cent Interest," Per
iHps some Of those Certificates Of deposit"
may still be found in the secreta.
-iss or bureaus Of our farmers, or among the
papers Of trustees Of widows or guardians Of
orphans. Then began the reign Of these new
money .kings; the Smeads and Maachesters Of
snd their imitAtoru 10 all the small,
er towns and cities Of the country. Their
dnpes and victims were counted by thousanou.
Every class Of business men without distiao
ton or exception, who required money in the
conduct oftheir business operations, were Grip
Piled and oppressed. The Brokers established
their rates. They chad the money" a-d Of
course dictated the terms. Those terms were,
10 man called, perhaps, "a No. /" one per
cent month; TO q large class called "gccd"
Two per cent 9 month; and to q distressed
iradesman whatever he could be feeced out Of;
In thousands Of instances. keeping the victim
IN their power by frequent renewals of mis- note
1t very short intervals, aud receiving In usur-
BUS interest more than the original debt, leav.
ng him of course 10 perish, aud his security 10
suffer. The echoes Of the imprecatioDs Of be.
trayed depositors and refined tradosmen have
not yet died away the country haa scarce bes
gan TO recover from the paralysis that was vis-
tied upon IL, until these same men are again
busily and assiduously and secretly at work to
recover the rsins of their Lost power
The Journal is not 30 bold as the Gazette
The Gazette seems to think money rs like corn
Or peaches" and that otis price" ought to be
regulated by supply and demand" that It is
like every other marketable commodity. Gan
you pay your debts with corn or peaches" or
with any other marketable cOmmodity3" Isl
not fret necessary to turn them into money!
II is not then difficult TO see that tho free
aud unobstructed circulation Of certain amount
Of money is absolutely necessary for the purpo-
ses of the people. The natural wants Of trade
FIX that amount; the business classes are enti.
tied to it. Government has recognized that
right by conceding 10 the supreme power alone
the privilege Of coming money and fixing its
value. 1t is therefore not only the legitimate
province OF the government, but its duty, to
protect the people in their right 10 an unob
structed circulation Of money. Its not 80 much
those who have money Of their own 10 lend
who oppose usury laws, at II ls those who want
10 get other peoples money to lend. SmeAds
Eve or six hundred thousand dollars didnt I be-
long TO him--it was his depOsitors'. The far.
msrs in this country have the great mass Of
money. They don't want exhorbtant interest
for il. Usuy laws won't trouble thsm-but
il's those gentlemen who want to get hold Of
the farmers money that clAmor for "iree trade
in money"
The Journal would fain persuade the people
in some way to believe that this question Is
raised to elect Mr., VallandighHm to the United
States Senate. This will not do brother Com.
ly. Come out and toll US what your position
is, aud more particularly what is the position
OF your candidates for Representatives upon
this question. II is said this is all pFelenee
because the Democrats have had the power
and have not passed usuTy law. That is true.
But what does that amount TO. When Mr..
Beckel and Mr.. Hook were in the Legislature
together, the latter voted and spoke in favor Of
Usary law, and the former against it,
"Where a mans Treasure is there will be his
heart also" Il is sufficient for Us now 70 know
that our party In Convention in this County
have taken distinct ground in favor Of UsuFy
Law. saA our candidates are In favor Of such
logislation Your Convention was silent upon
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