Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1861-01-08


Ea17 plan ean bs a ss Tor the 81 ssase
Of ha Ing lar and cons susnt
enl ement Of i1sas q bank thin I
our iate, ~ ths ly 1lAotiasbie Il sns Of /
expsliinE the issues Of foreign banks, and |
Of protecting the people from the manifold |
di8tst8t8- o. 4debassd eutlen5Y. THIS
question is also important in smother view.
Il e. bdt ave 8ass from the lrst e Nay
next when the charters Of the banks in
oOrporated under Tie act Of February, l645,
Willlezpire. This embraces the thirty SIX
branches Of the State Bahk, and fhe seven
independent banks, the circulation ol which
being WithdraEn, re Wonld- d. practiesllT
/ without an Ohio circulation, and depend
ent upoh forsigh banks for buT sntife
/ currency. The State may folloU The exam.
| pie Of the General qoVernmsnt IN restrict
/ ing the cifculdtion and disbursemen Of its
revenues In gold end silver. Bat AFTER all,
j this will be found 70 exert but little inhu-
enee over the great business interssts q
4 the people. The fact, then, Of the near aP-.
proaoh Of the Lims-for Eve years Is bqt s
brief period ia the history Of q Stats
] when the existing banking system VII
terminate and 70 view Of TIE very import
ant consequences which must follow tins
event unless provision b made in tine 70
meet il, are suhcieht reasons for recon-
mending this important matter e y0urcon
Il sideration. There is abundant reason 70
believe that large majority oE the Peopie
are not only satisfied Win their present
system Of banking, bus that thgy aS0uld re-
\ gard it as great public 6elanlil5 . zee I
pass ont Of exisienco u hes met ila obii-
/ gations under an circumstances maintain
& ed it's credit and furnished currency q
{ ell times convertible into gold and silver
These are advantages which ihe PsoPle
duly appreciate and would very reluct-
antly sorego. With smgndmauts Of the
, system which may be dsemed desirable, j
any, for the better profession of The credi-
. tors Of the banks and in terms, subjecting
/ ! the property OF the banks 20 D, taZati0H
! equal 10 that imposed on ths property o.
: ! individuals, as provided hy our CGnstitu
: | tiuu,-f- do not doubt the system would
2 during its renewed existence, give e uni
: Versal satisfaction TO the people Of the Stat
: as it has heretofore, and is nov giving.
e I again invite your attention TO cur PUB
\ | lin Works DURING the past year The *
penses ofthat departments have considers
& bly, exceeded the receipts. This, it is said
Z Is mainly OWingto he eztra0FdinRIy hOOdl
{ Of Auril, which caused muoh damage 70 {
Z portion Of theWorks. The fact thai for th
Z last I've years the resulthas been the same
! has induced the opinion that they VII
4 continue permanent tax 90 long as the.
3 are controlled BY the State snd fselin
b prevails to Q considerable extent that th
= entirs interest Of lh8 Safe in hen sbOul
4 Be disposed Of There are gfsFe c0nsidsI
8 ations connected with this subject, Ehio
3 will, doubtless, receive your careful atten
; tion. That the people Of the Ststs will De
e mand the sale Of these works, Whsn ths
e become satisfied that they cannot Be mad
It self-sustaining, I think admits Of bat littl
e doubt .vrrs.lE V vL e
. am not ,insensible to the great adyaz
! taQes these works have been 70 the Stat
q in developing its resources and incredsin
: It's wealth. They have created far MOI
4 capital than they have cost But the couL
: ties not lying upon the works and Whie
y receive but ittls, If any advantage lr0l
4 | fksu. object % taxes to keep them IN n
2 pair for the benefit Of others They haE
u built their own railroads and means 4
a ! communication without the aid Of the STAT
3 and sustain them At their own cost 2
! matter how expensive that may be, sn
= they contend that it is just rs fsir an
u proper for lthersst of the State to be tazs
e to pay the expenses Of keeping their raj
4 roads in repair, IS il Is to compel them
4 pay taxes 10 keep up the canals. The q
j live carrying competition Of the railroad
A it is said, not only diminishes the busine
= on the cansls, but viii in al time 70 com
a prevent them from traHsacting enough bu
,r mess to make them self sustaining II
d following table compiled from the report
n the Board Of Public Works, is pertinent
le this view Of the case: