The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1862-01-22


a tax for the support Of the families Of
our troops during the war. The pro-
visions Of this law was wise and bens-
ficient, and have prevented much dis
tres and suffering.
The charters of the several Banks
of the State, created BY the Act of
February "a, Is4s, will expire on the
lst Of May, 1866, in view OF the sx-
tensiye interest involved in any sud
den change OF the monetary system OF
our State, it would be wise, that tho
future policy of the State, on the sub -
ject of banking be early made knowing;
under ordinary circumstances, there
fore would invite your attentionsto
this subject, at this time. You are,
however, aware that the Secretary OF
the United States Treasury has recon-.
mended measure which, il adopted,
will have most important bearing up
on the subject; hence, | deem 1t advis-
able, for the present at least, to abstain
from interfering with the NATTER
Should Congress dispose Of the sub
ject at an early day, l may deem 1t
my duty to send you special commu-
nication during your present session.
1t may be advisable at this time,
however, to consider the propriety OF
promptly relieving the banks from their
disability of paying out the paper OF in
stitutions that do not redeem their is-.
sues on demand, in specie. It's known
that the demand notes of the General
Government, as also the notes OF nearly
all the banking institutions OF ouI
sister States, are not now redeemed In
coin on demand; hence our banks are
unable to receive, in payment of debts
due them, or on deposit, any OF this
vast description of currency; tor not be-
ing permitted to pay it out, of course
they cannot receive it safely. This con-
dition of things must necessarily affect
the credit and circulation OF the issues
of the Federal Treasury, and greatly
cripple 1t in obtaining means to prose.
cute the war. Great as the evil, OF toll
Grating by law suspension Of specie
payments, to any extent, is known to
J be, it is better to endure it, than to en-
, barass the Fedel al Government in OBJ.
tanning means to vigorously crush out
: the rebellion. / have, therefore, to
5 recommend that you at once authorize
, the several banking institutions OF the
4 State, to offer in payment OF their Is
5 sues, when presented for paymcnt,the
$ notes of the Federal Government, pay.
Z able on demand.
t The broker, or Shylock, who may
e wish to hoard his money, in times like
y the present, should not complain if no
y is offered the notes of the Government
= from which he demands protection
t for his person and property.
= 1t is I believe, conceded by all, that
y the banking institutions of our State,
n now in existence, have been managed
). with skill and integrity, and with de-
e gree of liberality to our Government,
highly commendable; it would, there
ii fore, be ungenerous to presume that
y their managers will attempt to make
e improper use of the relief now recon-
d Fmended; but be the risk great or little,
Of we must risk everything necessary to
e put down the unholy rebellion.
The banks availiag themselves OF the
$, provisions of the law recommended,
should be required to furnish the State,
4s in proportion to their capital respectir-
10 ly, with par funds necessary to meet
- the interest OH our bonded debt.
80 Long, years OF quiet, prosperity, and
% % seeming freedom from danger, have
ss led us practically to disregard the safe
40 maxim, "En peace, prepare tor war;"
81 Let the experience of the past year
induce us to be ready, at all times. to
1' =. ''nip in the btleP' any rebellion within,
~ %. and promptly repel any invasion from
!; ~ abroad. Such preparation will be an
=, over present guaranty against tempta
" ton to commit any breach of the pub
-, !" lie peace. A thorough organization o
Fai the militia of the State should at once
'al be commenced and continued. Thi
% force Numbering about $4,000 Ggen
ny should be divided into companies, reg
a' iments, brigades and divisions; ane
'is each should be well ofiicered. The
a. companies should be mustered at lcas
10 twi,te IN each year, as companies, and
d. least once in each year as regiments.
is All this can be done at small exPens
nd and if we'll done, we will at all time
ny he rcady. at moments warning t
call in actual service, In any portion Q
10 the State, force sufficient to preven
VI on invasion from any quarter.
VI The duties, and also the cempensi
ton, pertaing to the Staff of the Com
ce, mande in Chief, should be clearly de
ID fined by law.
as It is expected that the military fee
OF ing now extant will lead to efforts, o
ate the part of individual enterprise, to e'
rue tablish military schools in ditteren
ty, parts of the State. The propriety
on. granting aid, from the State, to sue
'ell of them as may seem worthy OF 1T, !
ear respectfully submitted to your consid
rly Grafton. Small appropriations jud
unit ciously expended, would tend great
'm' to encourage such schools, and IT we
ser conducted, they could not fail to Co
for duce largely to the welfare and satet
'Pe' Of the public.
fho A few months military instructit
Just will enable the young men of the Sta
'ort to take command of our militia, ev'
MS in time of war, with credit to ALL III
nal, time now devoted exclusively to recr
alton and pleasure by the gallant bo
for Of Ohio, during there long summ
reat vacations. could thus be profitab
der spent, and doubtless hundreds of the
uni would prefer thus to make themsely
], in useful to the State.
It, / Arms and other munitions Of W
of should be kept in perfect order at Il
pur- State Arsenal, in quantity sufficient
new meet any sudden emergency.
the Referring you to the recent MESA
,ard OF my predecessor congratulate y
tors that you are thus placed in possessi
cad of full information as to the Condlti