page 1 |
Save page Remove page | Previous | 1 of 4 | Next |
|
This page
All
|
Loading content ...
- . I n v; A , I VOL. V. MOUNT VERNON, OHIO, TUESDAY MORNING, FEBRUARY 15, 1359. ' NO, 14, (, mm 1 ' : - - V? I rrff filiY f ii II i; I el It II li H j v - 1 is J . MJt US'. II I I . il II II IJ II If II Br Uar09. IU. C . M. JbtELSEY, D E N T 1ST! All Operation arrntait and noiu fot CAc W WITTI AN EXPKUIKNCK OF HTEAR8 CON-stunt praotioe, and an acquaintance with til "the late improvements in the art, ha flatten himself capable of giving ontiro satisfaction. Office u heretofore, at my residence on Uambier st.,Mt. Vernon, .Ohio. , . (may e-17 I 52 o 3 a K?.S is I ' NM . ... D It. L. 8. M U B T H Y, LATK Of NIW TOBK CITT, NN0UNCE8 to bii frienda and the publlo, that Xhe baa openea an otnoe tor tne PRACTICE OP MEDICINE, In Mount Vernon, and theadjoiniogeountry. From the time and attention bo hua given to bia profei-aion, he hopca t reeeiw a liberal share of the pub lic patronage . OFFICS.en Stan tret, orer Cnrtij k Bapp't Store; Retidence enrner HigU west Direeu. Oot. lth. Ui8.tf, TAHOt. . W. 0. OOOriB VANCE k COOPER, jLTtOfcmS:.AT ... . , ,,. - , WT. 'EKSON, 0. LAW, 'OffiofeliStitbeaateorner Uainand Cheitnnt nreeti "-opposite knoz County BanK. aeptiu IOHK ADAMS. Attorney t Law &, Notary Ptiblic, OFFICE -IN WAKira Jtw auiuviau, 'Corner aUia and Vine St., MOtrMT VISMOK. OHIO, OPF.nl AT. atlemtion ffiren to eolleeiiona in Knoz 'O and edjiing eountioa: alao: to proaeeuting felaims tor rennoni ana band n anranu, anu u oiu- n legal badaw entruited to bis oare. Wtnra Utf, 1SBABL ' JOg.O.DlVW naaiAaai & avast ATTOKNKYS AT LAW, MOCKT VIRNON, OHIO. OFFICE Main Street Below Kaos Connty Bank. . 3f Pnmnt attention eiren to all bnainem en iruaied to tbem.and eapeeiaUy te-euUeetlBg and euringclaimii, in any part ot uuio Deo. Jth-18is-4-in. BMMT W. COTTON. ! A OTfON & BANE. Attorney's & Couuielloie nt Law, Ml. Cer, Ohio. ITILL attend to all business intruitod to thoir V V rare, in anv of the Courts. OFFICE, N. E Corner of Main and OnmbierSU., over Kyle's Morchant Tailoring Establishment. . oot. loth mn.a- . Oeiicnil Lnnl AgoiM-y. D. C. MONTGOMERY, - - Mt. Vbb.noh, Ohio. 8 ENOAUGD IN ENTEBINO LANDS, LOCA- 1 lint Land Warrants, and inakinir inrestmentiln Ueal Estate, in Iowa, Kansas and Missouri. Also, Colleotiug business attended to; will start about the 1st ot June next. Iliferonoosto William Dunbar, C. Delano, W.R. Fanp, Mi II. Jlitcholl.Sam'l Israel, S. W. Farquhar, H. U. Curtis, B. 0. Hurd, W. M'Clolland, Alex. U. Elliott, J. W. Vanco,and S.Finob.Mt. Vernon; H. 'Curtis, Keokuk, Iuwa. mar30'48-tf VS. DDNBAB H. I. BANNIK0. DIINOAIt BANNINOt ATTOBEEYS AT L1W. fllonni ernon. OFFICE In Miller's Block, In the rooms formerly - eapiod by Hun. JohnK.. MiUor. inl-iy, GEO. W. LEWIS, TAILOR. MAY BE FOUND AT KREMLIN,. NUMBER3. R E AI V DO AS GOOD WORK AS CAN BE done .be cltr. Twenty-Are years expert. one warruti) tba pledge of entire satisfaction to snstnmerl. HT Cutt' if eariullf dmt, and all tntrk tear- VSSHS, JUPC.ll !UVY WTIEKE YOir CAN BUY THE CHEAPEST !! William M. Mefford, 'TJET0RN8 HIS THANKS TO THE CITIZENS IV of Knox County for the liberal patronage extended to him, and would say that he has now on hand as Harness, Saddles, Buggy, Carriage, 'Wagon ardriow Harness, Collars, llrkllos, Martln-igails, Whip Ae.,aseror. ' SUOr-li rth-eestoornor Market House, augllily . O; W. Hank. : ADDLKR AND HARNESS MAKER, 'First Door a nth of Woodbridge's Store, . BAIX BTBXBT, MOUNT TBBXOM, OBI. KEEPS erosUnllr on band a large aoaof tment at Hsddl f and Harnese, Bridles, Collars, Halters, Whips, o lannfuetared by axpeciaaesd workmen iiwd fur B reasonable terms. , t' ALL VOBX WABBAKTBB.jBf , , TRUN.,fremll to f 21. My Trunks are maer superior article to those commonly offered for sale, i J woild also inrito special attention to my Cotnas, eehieh cannot be snrpawed forstyle and durability, may Wy. - ' II VERY ST IBLE ,. Oa Tlie Street, Wet mt Mala. WILLI AM SAtfDSRSOS, JB, - WfTJM) Rtfll'ECT FULLY INFORM THE aehllsthat be has oarnatlyea band a lie "hVr I E 8 AS D BtOOLESi ! Which he will let oat at as reasonable rates as any other establlihmKwt hi Ibe eonotry. Thaakfol for past farnn, be solWU aontlMiene if mtroaaej. rfalyll-li WM. 8AKDKUS0N, Jit. Medical Notice. THE undersigned wishes to give notice to the ett-isensef Mt. Vernon and the public generally that the will know and almost universally approved Anthritlo Mrdieinrs will be found at Esq. Vat. H. Coehmn'e offlcei aim, he has rerenr'd te Martinibnrgh, Knex eotinty, where be may always he fnnnd to wall upon his eld customers, and all (then wbr may wish to ia the aale of the .aloof thoabovoBamodmediclee. ' tf,.t 1. . CAMPBELL, i g-l Sji ill! : ai u e l t 0 0 The Mo ii n I Vernon licpibliran ' 1 M HTBLIBHKD IVIBT VPaSDAV MOIMINO, BY W. 11. COCHIIAN. Office la Kremlin Dalldtng, No. s, Second tUory, i TERMS Two Dollars per annum, payable In ad rancej f 2,80 after the expiration of the year. BATES OF ADTIBTI8IHO, c et ef ct 1 square.. 'I c I 24 00 I 24 t 74 3 003 404 40 00 S squarei. I 7S 2 25 3 24 4 40 4 24 4 00 4 24 00 748 0 S squares, 2 40, 1 40 AA T All 0 AS IA 3 Sol 4 squares. .'3 4011 00 4 00l 0017 00 8 0010 12 I square, ebangeable monthly 110; weekly,. ,..$14 K column, changeable quarterly 14 i eolnmn, changeable quarterly 18 ii eolnmn, changeable quarterly.; 24 1 onluinn, changeable quarterly 40 Eleven Unci of Minion (this type) are counted as a square. Editorial notices of advertisements, or calling at tentinn to any enterprise intended to benefit indi' riduals or corporations, will bo charged for at the rate oi jo cents per line. Special notices, before marriages, or taking pro. oedeneo of regular advertisements, double usual rates. Advertisements displayed in large typo to be enargea one nair more than tne usual rates. All transient advertisements to be paid for in ad' ranee. Remarks of the Hon. Mr. Miles of Morrow Connty, In the Senate, vanuary 26th. 1859. in ecmmiltet of the Whole, on Senate Bill No. 178: To repecil the act of March 14A 1850, which authorizes the collection of 10 per cent, inter-eit by contract. Mb. Chairman: The Bill under consider ation, I consider one of Rome interest to the citizens of the District which I have the hon or to represent, as well u to the citizens Of the State generally. In certain localities in my District, the peo plo have become somewhat clamorous upon the subject; so much so that they have ca led mat meetings for the discussion of the ques lion, and passed resolutions clearly indicating that they were decidedly in favor of repealing the law authorising ten percent, interest to be collected by contract. It is true, sir, that no pcti' ions have been sent to me from that qnar-ter; yet I am fully satiafled that large ma jority of my constituents are in favcr of some modification, of the laws on the subject of interest, while many, I have no doubt, would prefer that the law should remain as it is. It Is a subject sir, which has been fully end ably discussed, both in the House and Senate, and therefore I shall not presume to occupy the time of the committee with any very ex tended remarks; but trust I may claim its in dulgence while I offer a very few reasons which have induced me io give the vote which I expect to give upon the passage of the Bill now before the committee. Were I to consult what I deem to be my own interest, I think I should not give tho vote which I ex pect to give upon the passage of this Bill; but believing, as I do, that the interest of the producing classes demands, (to save tbem from utter ruin and bankruptcy,) that the standard value for tho use of money should be placed at, as nea as practicable, the am ount that can be realized for money invested in any of the ordinary legitimate busmen transactions of the country, I shall most cheerfully vote for the repeal of the law authorizing ten per cent, interest to be collect ed by contract; altbougn I would prefer that the legal rate of interest were placed at seven per cent.; tor the reason that if the maxium late of interest be fixed nt six percent, persona residing io many ol the incorporated towns and villages weald not realize more than 4g percent interest after psying taxes But ii the bill fixing the unifoim rate o' interest at leven per cent has been defeated in the Ilorse of Representative, I shall vote for the bill now before the committee. And, sir, being a practical man, I shall confine my self in whit few remarks I have to make, to what I believe to be the practical workings of the law, authorizing ten per cent, upon the mechauical and industrial pursuits. One of the reasons, which to my mind possesses some force, and is entitled to the earnest consideration of the committee, is the effect (as I conceive) that the present authorized rates of in-interest bare upon the improvement and cul tivation of the lands, the improvement ol your towns, cities, and villages, the invest ment! in manufacturing, and the different mechanical branches which ire carriod on throughout the State. I think, lir, it is a (act generally conceded that capital invested la real estate, or in any of the pursuits befote alluded to. will not produce more than one balf the rate per cent that eaa be realized from the sane amount loaned it the rat ef in Ureal now allowed by law. Why, sir, it teems to aae that there u scarcely a sane maa ia the State who fully understands the foroe of interest, (who as a matter of investment With oat aotxte Inducement to prompt him 6lber than that ef maklo g a profitable use of his mmiey,) eaa for a mo ment think of being successful ia engaging in any ef the branches of business before mentioned, and pay tea per cent, for til capital employed, or where theepiUl thus employed is worth to him teit pot cent. And 1 think it fair to presume that it la those ruinous rate of interest that have almost paralyzed the improvrineiil of your towns and ei tie and put a quiet ul on many of the moat floariebing and most prosperous msnuracluiing estaUiili. moats in the State, and indoeed the merchant who has accumulated a little capita, to tell out bis store, close up his business, ind con-vort bis assets Into notes, drawing interest at the rate often per cent, payable annually or semi-annually si the parties agree; ind the farmer, who bii accumulated a little more than was accessary for the immediate wsnts of his family, to loan it out at ten per cent interest, rather than invost it in any improvement upon bis farm for the comfort and convenience of bis familr, knowing that he could not invest the amount in improvements and realize one-half the rate per cent, tbat could be realized by loaning it at the rate of intesest sntborized by law, Thus you find the farm er, the merchant, the mechanic and maaufoc turer all turning brokers. It they have money enough and credit enough to open an office and receive deposits, they operate in tbat way ; if not, they put what they have in their hats or pockets, ind turn brokers in a small way, by sitting around your stores, whittling pine boxes, and wait ing for the man that will stand the heaviest shave. And ill for the reason that there ii no man, however industrious ind economical he may be, who can carry on successfully any It gitimate business while the capital thus employed is worth to him ten per cent., or where be must necessarily pay ten per cent, for the capital employed in his trade or business, It is true, sir, that persons full of hope and energy do engage in mechanical pursuits, and in manufacturing with a capital employed at 10 per cent.; but what is the inevitable conse- quince? My own observation is, sir, that in nine casos out of ten, they become bankrupt.Wby, sir, under the old time-honored sys tem of allowing six per cent, as the maximum rate of interest authorized by law, you did not find a broker's establishment in almost every township in your counties, or persons who were making a living on a few hundred dollars by loaning money; but on the contrary yon would find persons who had money, willing to invest in improvements or in me chanical or agricultural pursuits, with a reasonable prospect of realizing from the investment, an amount equivalent to six per cent, on the investment, thereby giving employment to the mechanic and day-laborer, and ena bling him to mike a respectable living for himself and family; and to a certain extent, preventing idleness,and sll the evils.vices and injurious consequences growing out of the same. But since the passige or the law of 1850, allowing ten per cent, interest to be collected by contract, t-.e inducement is so great to loan money, that almost Ivery person in possession of a little capital, if they can possibly convert it into money, are becoming moneylenders. Or if their cieditorsare unable to pay, they are required to give notes, drawing interest it the rate of 10 per cent. I do not wish to be understood as claiming that the business of loaning money is par ticularly disreputable, or that persons who have money, have the same right to loan Hat 10, or even 20 per cent, if it receives the sanction of legislation, that an individual has to invest money in real estato,in railroad stock, in manufacturing, or my other business. But, sir, wbut, 1 do object to, is that the legislature, by its enactments, should sanutiun a rale per cent, on mo ley loaned, which 1 believe has been admitted by all who have spoken on the otter sidj of the question to be lar greater than can be realized lor money invested in any ordinary business. I think it is thus that the capital of the State is diverted from the employment in in agriculture, manufacturing and the different mechanical pursuits, which are the basis upon woich the wealth, growtb.improvement and credit of the State is fuundsd; and my theory is, that just in proportion as you authorize the payment of interest for money loaned, more than can be realized for money invested ia lands rr in any ol the mechanical pursuits just in tbat proportion you lessen the value of your lands, and sll the real property throughout the State. For an illustration, let ui suppose that A. owm a farm, which he proposes to sell for ten thousand dollars; which if you please, may be considered a fair valuation for tbe farm. B. wishes to purchase a farm, he examines the farm of A. ind finds it in every respect such i firm is be wishes to purchtse. B., after ascertaining the price.sayi to A., My money is worth to me 10 percent, annually, ind there is no difficulty in loaning it it that rate where it could be well secured, thul bring ing me ten hundred dollars interest. This farm will not produce, after giving it my personal attention and keeping up repairs, more than aeven hundred dollars; Ind it would be folly to pay you ten thousand dollars for the property, with tbe fact before me that I most low at least three hundred doling on my io vestment yearly. Now, air, lecording to the same process of reasoning, let us suppose tbat the standard for tbe use of money were fixed at six per sent., with sufficient guards throws around it to prevent usurious interest be taken. The farm, as before Hated, worth ten tboonnd dollars, (which would yield aa become of uvea hundred dollars) would be worth eleven thousand, six hundred and thirty level dollars seven hundred dollars ba I ng tbe interest of tbat sum for one year at lis per cent Kow.air, if this process of reasoning'be correct, then the prineiple may properly ip-plied to property in towns and villages, and, in last, to almost all , kinds of property throughout the State, and thus tba reel eutate of the country would be largely enhanced, thl aggregate of property placed on your tag duplicates greatly Increased lessening the rate per cent, of the tax levied jind hem-fitting therby.not only real selits caa- irs, but all classes of taxpayers. ' , To prove the position I bive tiken, tbat no man or set ef men, can carry on sucossfully my ordinary business with capital employed it the rate of tea per cent, per annum I have taken the simple sum of one bundled dollars, calculating the interest for the term of twenty years. First, simple interest it six per cent. Second, on a note with the interest payable annually at ten per cent, (supposing the interest was allowed to run and not paid as por agreement;) and thirdly, tho effect of compounding the interest in favor of the lender, if the inter est wis paid innually, aa per agreement, thereby enabling him to re-loan the interest, and which in effect would operate with the same force upon the borrower; and certainly so, if be were compelled to borrow the money with which to pay the interest at tbe rate often por cent It is true, sir, that business is not usually done or. quite as long time ss is given in this calculation; but I have made tbe calculation, i& this way, for the purpose of si owing ths force of interest, payable annual-y, (at ths ratel now legalised by law) for I series of years; which I think is not fully understood by many who have not paid particular attention to tbe subject, ind who ire paying those ruinous rates of interest. If I have made no mistake in a hurried calcula tion (not having be-n particular in adding the fractions,) I find the figures produce the fol lowing results: The simple interest of $100 for 20 years at 6 percent, is... $120.00 Principal... ' 100.00 $220,00 The annual intarest on $100, at 10 per eent. for 20 years $313 83 Princ.pal 100.00 $413.83 Tbe annual interest on $100, compounding it yearly for 20yeamtl0percent.. $572.76 Principal 100.00 $672.76 Dilierenceio ravor of interest . payable annuity at 10 per cent, aad simple interest at 6 percent $191.58 Making a difference of nearly twice the or iginal sum. The difference in favor of compounding the interests annually on one hundred dollars for 20 years at 10 per cent, and the simple interest on the same a-mount for the same time at 6 por cant, is $452.76 Making a difference in Interest of nearly four and a half times the original amount, Most of the money now loaned is loaned at far more ruinous rates than the example here given, where the interest is required to be paid annually for in a majority of instances, the interest is required to be paid in advance, wl ich would produce an aggregate of interest much greater than the example before given. It is said that figures won't lie; and if tbey have not in this instance, it seems to me blind fanaticism to suppose tbat any legitimate bus iness, However prudently it may nave been mansg'd.can produco corresponding results unless by some extraordinary luck in specula tion, or rise of property. There, are many other reasons, which to my mind are very conclusive that the bill under consideration. or some bill making a material change in our interest laws, should be passed, and become the law o.f the land. These have been ibly presented by gentlemen who have spoken up on this subject, and have done belter justice to it than I could, were I to undertake It. I will therefore submit tbe remarks which I have mads, trusting in the good judgment of the Senate to let in the premises, aa in their opinion the prosperity and welfare of their constituents may demsnd. The Minister and the Hami. Ia i late number ol the Presbyterian Expositor I correspondent relate! ths fallowing anecdote. lie says he had tbe narrative from a most reliable source, and. aa near as may be, gives it in the language of the narrator. I knew a man who, until past the meridian of life, manifested in all his transactions a mean, miserable spirit. Money was his Ood. He was proverbially "a mean man." Between forty and fifty be became a subject of 'Sovereign Graco." His eyes were opened to see with great distinctness the truth of that word, "A man's life consisieth not ij the abundance of ibe things which be posses-seth." In a word, he was truly converted. At the period of which I speak, be was a wealthy farmer on one of our rich prairies. When be united with tbe people of Qod, he confessed and most deeply deplored the sin of eovetousness. He promised with Divine help to "Live no longer unto himself." He was sincere in his promise ind purpose. Little did the poor mm know himself, tbe power of habit, of temptatjpn, or of ths conflict before him between the "Old and ths New Man," A l was then the custom ia ths Methodist Church la the country, ind U to some extent at this day, tbe Minister in charge was in the habit of receiving bis dues in provisions, 4to-Booa after "Old Covetous" an i ted with tbe class, tbs preacher got out of meat; so he "harnessed up" and rode over to Brother C.'s boose. Good morning. Brother C." Good morning, glad to see yoa; wont yoo light?'.. , ' :;.y. ' ' , , . Y "Xo, thank yoa. Wife says ws are out of meat, and I thought" - Old man. ''Out of meat are you 7" New tain. "Well.l'm glad to heaf it; it wilt do me good to supply yon., Go to my moke house yonder, ind take the best ham you cap find mind ind take the biggest.' On went the preacher, ind soon returned bearing him weighing twenty pounds. He pissed on to his wsgon. Old roan in hit heart, solus"You old fool. that bam weighs twenty pounds! Hsmi ire scarce worth one nhilling per pound." New man, so!us"Qod loveth i cheerful giver." "What shall it profit a man, tho. be gain the whole world and lose his own tout?" Oh, Qod forgive met "Get thee be-bind me, Satan." Here, Mr, come backloome back! "Now," said be, "go again to my smoke-bouse, and this tims get two bams. Get the veiy best mind you, get louscrs." Soon be returned, bearing forty pounds more of the precious meat; then came over the poor man again tho spirit of covetous ness. Old man "Well, yoa are a fool! yoa will die in the poor house tell Forty, sixty pounds worth the sum of eight dollars! Eight dollsrs gone slick!" New mm "Honor the Lord with thy sub. glance." "Uive ind it Hull be given unto you." "Rejoice not igainst me, 0 mine ene my, tho' I fall I shall rise again." "Tho' I walk through tbe valley of the shadow of death, I will fear no evil.1 0, 1 am I im in the valley." Poor man, he was, and like Bunyan's Chris tian, he sheathed his sword and cried out to him who was "able ind willing" Lord live me.'' Now man "Here, Mr., come back! come back!" Now, his manly form trembled. Tbe water stood in bis eyes, and then like a child be wept and sobbed as he told of the warfare wilhm. "And now, Mr. Devil," said be, "if you don't quit this business, I'll give away every bam I've got in the smoke house?" Then "Apollyon spread his wings and left him for a season." Villainy in New York. A New York correspondent of the Boston j?oj writes: . . And here it rosy be well to ask wby, aa a geneul rule, vice and crime increase end bound io Now York, as winter encloses on its icy net. Let me ventilate in this connection, a siua'l amount of information gathered from a recent expose of city sinfulness made by the Mayor's Police squad. Think of 4,- 000 illegal groggeries, where 7,000 persons mix ind sell liquor to the amount of $4,000,- 000 year laying thus the corner stone of three-forths of all our crimes Then there are 450 lottery concerns with 2.000 employees, bleeding the silly portion of the community to the tune of $3,650,000 per annijm. Agencies in the same line ot business tike another mil lion a year, there being 110 agents thus en gaged; 225 brothels sheltering 3,000 "low" prostitutes, ire estimated lo clear $3,000,000 annually. In another line wo see set down 500 street walkers as iveraging $1,000 each, i. e. $500,000 more. To sll these must be added an equal number of "upper ten" nymphs, equally successful in coining mrncy snd brood casting the seeds of crime. I also notice that twenty-five ob-cene publishers are "spotted," bo, it is supposed,pocket a profit of $20,000. Then there ire 75 gambling houses whose re ceipts are of course teyond sny estimate; bogus ticket offices and a dozen Peter Funk auc tions clearing $5,000 each. Begging is also found a very profitable business and well followed, there being about 220 whose gains are placed at $60,000 per annum. Judicial Eloquence. Marion Crops was recently tried in Mary land before Judge Price, for tbe murder of Robert M. Rigdon. The judge, much effect ed, preparatory to pronouncing sentence, ad dressed Ihe prisoner, as follows: If the jury that tried you had found a dif ferent verdict, it would have shocked the en tire State. I believe it would have been felt from tbe tops of the Allegheny mountains in Western Maryland, to the sea shore. I believe it would have reverberated with deep, if not terrible significance, in every valley, from every hill side in every city snd Iowa and binilet and fireside in the State. It would have gone booming ovoi the vat plains bordering the Choftapcako. away down to where the ocean inrf waahos Worcester's nhore. More than this, I believe the great trial by jury .self would have felt I he shock; snd that with a fcw more such shocks it would have tottered on its foundations, if not have fallen prostrate before them snd been trodden under loot as unfit for tbe times, and as an uni elislle, faithless and worthless thing. ' Unsuccessful In this Life. There is tru'h beautifully expressed, snd words of cheer for multitudes, in ths follow ing sentiment accredited lo Hon. George 5. Billiard: I confess that inorssstng years bring with hem increased respect for those who de aot succeed in life, as tboss words are commonly used. Heaven is said to be a place for these who have not succeeded in life; snd it is sure ly true that eelosliil graces do not best thrive snd bloom in tbe hot blase of worldy prosperi. ty. Ill success sometimes comes from superabundance of qualities in themselves good. from a conscience too aensitive, a taste toe fas tidious, s sell forgetfn'nes too roman io, a mod' est too retiring. I will sot go so far as to gar. with a Irving one, that ths world knows Homing or US BTeatrei men, nut im-re eie ) forms of greatness, or st Want ol e zee I If nee. thlt died ind made no ligr ; there are martyrs thst miss ths rwlin. but tot the siske. there are heroes without the laurel, snd eoi.qucrora without the triumph. ' . V ' ' ' n--. l w ..u.. MnMied1 Wrine ths word press need 10 Imply pemusde, see eo ning.wh.nieeompnny, excl.imeet "I ny, sqweesethetlsdytasinf." , ' Senator esrward oa Cuba. Ths following is aa extract from a speech made by W. H. Seward, ia ths United Beasts, Jan. 24th: ... "Sir, I have slwsys received ss a political maxim the declarations made by ear predecessors in regard to tbe acquisition ef Cuba. Every rock and every grain of sand ia that Island wer drifted and washed out from American soils by the floods of ths Mississippi, and ths ether estuaries of ths Gulf of Mexico. The Island has seenard to me. Just as eur predecessors have and. to travitate back again to the parent continent from which it sprang. I have supposed tbat te political necessities sll actions of governments mast bend, and all sentiments of nations mast as- oommodats themselves. I have, nevertheless. been taught, ith ths sams maxim, this oth er rule, that tbs acquisition of Cuba was a question of time, of necessity snd of opportu nity. Itwssjust. as clear sixty years ago, hen we acquired Louisiana, as it I now. tbat Cuba, in the language of John Quinsy Adams, gravitates to tbs United 8tatea, aa the apple yet hanging ea its native trunk gravitates to the earth which sustains it Yet t certainly is true tbst Cuba was not thea ac quired, nor attempted by extraordinary meana to be acquired; and the reason was, that ths time, necessity, snd opportunity ,had not then presented themselves. Io fact, tbs time is de. termin'd by the eoinctd'nee of necessity and op. portunity;and thatminced'nee is the result ot a decline of European tower on this continent, and of a development ol the growth of Amer ican power on the same continent Our fore- others said, all our predecessors have said, that wben thejunctuary shall arise tbat there should be just tbat necessary decline to the politics! European power on the continent, and just that development of American power here which makes Spain unable to keep, and ourselves able freely to obtain the Island.then it would be hopeless and idle to refuse to re ceive Cuba, even if it were undesirable. Tbey have said more, and I subscribe to it, tbat ws may ssfely hold eur souls ia patience so long ss Spain can keep it, and no other aad stronger European power can, or dare, take It from her. Whit I bars to say now is, that the time ind opportunity do not now serve.io my udgment tny mors than they have served for the last sixty years. Ws may be aesr.ss, indeed, I doubt not ws ire, to the acquisition of Cuba; but we have aot arrived at that point at which the acquieilioo must necessari ly be made, or can ha made, consistently with the conditions of peace, pradoaee, justice, sad ths aaliooal honor " . Interesting Reminiscence. Mr. Giddings, in one of his articles in ths Athtabtila Sentinel, gives s history of ths Amistsd case, and calls to mind ths foot which hsd escaped us, that ths last speech of Hon. John Quinsy Adrma was on this claim, now again pressed on tbe it! ent ion of Congress. Mr. Giddings says: Mr. Adams had been prostrated by a paralytic shock. He was so conscious ol Its effects, that he would neitbor speak not write for the public eye. His friends had greatly desired a letter from him addressed to the public or some friend, u a farewell memento; but he rifused. His son, C. F. Adams, came with him to Wiahirgtoo. His entrance in the Hall, sfter tbs members bad so long re garded him as dead, wis a most in te: eating scene. Southern Slaveholders, who had bit terly opprsed him in former times, now wept at again seeing him. All business was suspended as he entered the Hall. He was feeble snd pale. Holmes, of South Carotins, taking him by tbs arm, conducted bin te his seat, and then addressed a lew words to the House, congratulating tbe members on once mire seeing their venerable aaxociata in bis seat Tbs vsteran statsamaa rtip JBded in a few words but his voice was too feeble to be heard except by those nearest him. lis eoa-tioued to meet with us, but mads as attsmpt to participate ia any discatsion, until ths smsndment of the Smalt, providing for the payment of these rlaves, cams ap for discussion.On that suljrct his feeling would aot per mit him to remain silent. When he was announced a having the flimr, the Hosse was instantly in ths most ported eon (anion. Mem bore in sll parts of tbe Hall left th.ir testa and gathered near as possible It catch the last word' of the illtistrnns Statesman. All seemed 0 bat ii'wi uld be his last speech 'i'liS r-puriaru, umlih to hear him in their places, and unmindful of rules, raahed within the bar, pw sr and pencil la band, te sketch bis last public address, Thst speech was devoted to sn exposure ef the insulting claim spprovsd snd recommended by Polk snd Pierce, sod twice by Buchanan, and bow pressed apoa the Seoale. It was. truly, ths last speech ef my venerated friend. A ftw days sfterwards, we bets his anoonectoas body from ths UaU. He (U ia the llaeo freta which he had spoksa. Be disd, as it were, opposing thia slabs. fJO-A yeang ssrveat girl previous te going into ssrvMS, snd after isosrtaining' very par-UeejUrl what esseaai if work there was U be does, ski ted la knew WiVsshe would esses Ike silwstissj, whether "aer uletress wa prvpsred to make herself generally nee. h.i?' : "" . " ; . fr7- A ueiillemnii lolJ liisboy I Child of j four ve..r-f to siiut the G ite. ' He made the rquai litres times, and the younMler poid!ai;n)( department by sUbbir.jJ himself with noeMte4n!tenlun tott "I'vs tuld you throe tisaeew sur ssiSLio shut the sale." said the 'ger.ifcw.an eorrewfully. --Ad I've told yew i frr, limes," lid i he child, "that 1 Won't do iu asust be stupid.", ... , ; , B. K. At P. Jtailroid.' Wa Had ia a late aamber of tbs jVasftj rernew Runner ths following notice ef the Boventh AanuI Report of the EpringOeld, Mt Vernon & Pittsburgh Railroad Company, just issued. Ws commend it to ths sltentioe of eur rosders. , ; j- . r It is a pamphlet of 24 peges, giving full and interesting information relative to the present condition and future prospeoU ef this important work, including the Report of Pres. ident Wm. Dunbar, Esq., tbs Report of th Superintendent, J. R. Straughan, Esq,; the Secretary and Treasarer's Report, embracing tbe Balance Sheet for the past year, the Floating Debt, the Month! expenditures and the Bond Account Tbe whole is accompanied with a handaoms and accurately drawn map, showing the route snd connections' of the load. ...... .. .. . ; . This road, as our readers ire aware, his for s sonsidersbls tims been io operation between Springfield snd Delaware, snd has employed in t ranee cling its business, 5 locomotives, 2 baggage cars, 28 platform cars, 6 passenger ears. 33 box freight cars, snd 41 gravel can. Tba earnings en this perton of tho road for ths psst year were as follows: . t Pssssngers $ 13,001 60 ' Frsight 81, 032 70 ' Mad ' " 2. 143 02 Express 328 86 Total. 30. 600 H' Ths unfinished part of thl road, from Delaware to Odell's Like, where it intersects the Pittsburgh Ft. Wsyns Chicago Railroad, is now under contract, with every rsasonabls prospect of its being completed st in early day. An Agent of tbe company is now ia Europe making arrsngemsnts for ths iron ' ' 8cen ia a School Room. , ,. Come here, George, I wish to examine row in punctuation. Wbat's tbat? - - i George That? that's a comma. ... Mistress Right; now what's that? ' George Abl now you've got roe when my hair's short; I dun kne. : v Mistress George, I do not wish yoa to oss sny slang phrases here. - When yoa are ana. bte to give correct replies, say so, bat do not repeat such phrases as tbst which you have just used. Now, what's tbst? j Oeorge I dun kno. Mistress Don't know whit that is? Why that's period. . .,;. -.(., George (Louking critically it the point ia qaestieo.) Ha! ha! 1st Now, I've got yoa where jour hair's short; that ain't nuthiit' Mistress (Re-exftminingcrtUcally.) Oeorge yea are dismissed. Ths fol'owlng is from the Ayr Advertiser: "The Irst copy of Robert Bums' poems Issu ed from the press was presented by the bird himself te Hugh Morton, who was his fellow- plowman on ths farm ol Leehille. Burns hand ed the book to Mortno when standing at the publisher ' door in Eiltuamoek,on the morning whea the poeo.s were ready to be issued. This copy of the poet's works ia sow io the possession of ths son of High Morton. Pbifasiko. A lecturer on English Oram mat, in acerialn, net very tar distant, but nameless county place, applied on a recent oc- aasioo, to a man of some influence in ths sur rounding community , for his patronage: ' "Why," replied ths man, ' as to this hers matter, Mister, perhaps I mought pateroizs you and perhaps I mought not I hs'snt got my mind raaly manured y it" ; , . ' To which the lecturer rejoined: "When you get it well manured I'll thank you for the first crop.' fr 'Mother!' said Iks Partington one morn ing, -I think I'll go np to fike'S real in tne Spring. What do yoa .hink about it? ,'Well Ike. I think yea had ettr stay it borne, for if yea should happen to drop off, the Lord knows wben, er where, you'll light So Ike eensluded testay at home. ty-lt V inches ef snow give three inches ef water, hew much milk will a cow give whea fcd ee laralpa? Multlplr the fltke ef snow by the hair en the sow's tail, and divide the product by a turnip; then add a pleee of ehalk, multiply ths whols by the tows pump. and the remainder will be the snswer. ' " A Ltqrwa Cass ix Maikb At ' the lste term of enort at Machine. Thomas Oilpstrkk wis proweutcd for the value ef three tnns ef bar destroyed by fire by persons intoxicated with liqoora sold by hiss aad the jury gave avlrdiot far Ota plelotiff. " ' v' I ui BmseesBssBasj''mS" rs s i- (r!n a story ef ths courtship of a loving eon pie. after sll kid been arranged, and matters "fixed op" the narrator says. "Here their lips esme together, and ths report which followed wasliks "pulling a horse's hoof out ef the mire?" : - ,-,'..- . rA celebrated wit was asked why he did aot mas ry a yeang kdy te whom he wiivitry ssoch attached. "I know no reason," replied be, sxsept the (rest regard ws hod for sach ether." - . - - . : VTm- seen try eegre aaes ssnt a reply to in iavltatiwa. fa which he regret I ad :fcthat cir-easMtsaees repugnaatto the scqniesce, would prevent the leotpunee to the invite." ,. . '.. j . ., " i, ftiTl'he gentleman who attempted lo cut his throat wiih a sharp j.sa lew diya since, has sgiin m !! a rash muck upn bis victu k ,. i llinur. .. ,. -.. k i - : , . .. . (. T Bl btg.gruw enlarge in Cnln.t Am.r, icai hat the, b.v. kill ilwraby pull.r.K l'r toiitff sub ibooi jack. , , . ,
Object Description
Title | Mt. Vernon Republican (Mount Vernon, Ohio : 1854), 1859-02-15 |
Place |
Mount Vernon (Ohio) Knox County (Ohio) |
Date of Original | 1859-02-15 |
Searchable Date | 1859-02-15 |
Format | newspapers |
Submitting Institution | Public Library of Mount Vernon & Knox County |
Rights | Online access is provided for research purposes only. For rights and reproduction requests or more information, go to http://www.ohiohistory.org/images/information |
Type | Text |
Description
Title | page 1 |
Place |
Mount Vernon (Ohio) Knox County (Ohio) |
Searchable Date | 1859-02-15 |
Format | newspapers |
Submitting Institution | Public Library of Mount Vernon & Knox County |
Rights | Online access is provided for research purposes only. For rights and reproduction requests or more information, go to http://www.ohiohistory.org/images/information |
Type | Text |
File Size | 4501.25KB |
Full Text | - . I n v; A , I VOL. V. MOUNT VERNON, OHIO, TUESDAY MORNING, FEBRUARY 15, 1359. ' NO, 14, (, mm 1 ' : - - V? I rrff filiY f ii II i; I el It II li H j v - 1 is J . MJt US'. II I I . il II II IJ II If II Br Uar09. IU. C . M. JbtELSEY, D E N T 1ST! All Operation arrntait and noiu fot CAc W WITTI AN EXPKUIKNCK OF HTEAR8 CON-stunt praotioe, and an acquaintance with til "the late improvements in the art, ha flatten himself capable of giving ontiro satisfaction. Office u heretofore, at my residence on Uambier st.,Mt. Vernon, .Ohio. , . (may e-17 I 52 o 3 a K?.S is I ' NM . ... D It. L. 8. M U B T H Y, LATK Of NIW TOBK CITT, NN0UNCE8 to bii frienda and the publlo, that Xhe baa openea an otnoe tor tne PRACTICE OP MEDICINE, In Mount Vernon, and theadjoiniogeountry. From the time and attention bo hua given to bia profei-aion, he hopca t reeeiw a liberal share of the pub lic patronage . OFFICS.en Stan tret, orer Cnrtij k Bapp't Store; Retidence enrner HigU west Direeu. Oot. lth. Ui8.tf, TAHOt. . W. 0. OOOriB VANCE k COOPER, jLTtOfcmS:.AT ... . , ,,. - , WT. 'EKSON, 0. LAW, 'OffiofeliStitbeaateorner Uainand Cheitnnt nreeti "-opposite knoz County BanK. aeptiu IOHK ADAMS. Attorney t Law &, Notary Ptiblic, OFFICE -IN WAKira Jtw auiuviau, 'Corner aUia and Vine St., MOtrMT VISMOK. OHIO, OPF.nl AT. atlemtion ffiren to eolleeiiona in Knoz 'O and edjiing eountioa: alao: to proaeeuting felaims tor rennoni ana band n anranu, anu u oiu- n legal badaw entruited to bis oare. Wtnra Utf, 1SBABL ' JOg.O.DlVW naaiAaai & avast ATTOKNKYS AT LAW, MOCKT VIRNON, OHIO. OFFICE Main Street Below Kaos Connty Bank. . 3f Pnmnt attention eiren to all bnainem en iruaied to tbem.and eapeeiaUy te-euUeetlBg and euringclaimii, in any part ot uuio Deo. Jth-18is-4-in. BMMT W. COTTON. ! A OTfON & BANE. Attorney's & Couuielloie nt Law, Ml. Cer, Ohio. ITILL attend to all business intruitod to thoir V V rare, in anv of the Courts. OFFICE, N. E Corner of Main and OnmbierSU., over Kyle's Morchant Tailoring Establishment. . oot. loth mn.a- . Oeiicnil Lnnl AgoiM-y. D. C. MONTGOMERY, - - Mt. Vbb.noh, Ohio. 8 ENOAUGD IN ENTEBINO LANDS, LOCA- 1 lint Land Warrants, and inakinir inrestmentiln Ueal Estate, in Iowa, Kansas and Missouri. Also, Colleotiug business attended to; will start about the 1st ot June next. Iliferonoosto William Dunbar, C. Delano, W.R. Fanp, Mi II. Jlitcholl.Sam'l Israel, S. W. Farquhar, H. U. Curtis, B. 0. Hurd, W. M'Clolland, Alex. U. Elliott, J. W. Vanco,and S.Finob.Mt. Vernon; H. 'Curtis, Keokuk, Iuwa. mar30'48-tf VS. DDNBAB H. I. BANNIK0. DIINOAIt BANNINOt ATTOBEEYS AT L1W. fllonni ernon. OFFICE In Miller's Block, In the rooms formerly - eapiod by Hun. JohnK.. MiUor. inl-iy, GEO. W. LEWIS, TAILOR. MAY BE FOUND AT KREMLIN,. NUMBER3. R E AI V DO AS GOOD WORK AS CAN BE done .be cltr. Twenty-Are years expert. one warruti) tba pledge of entire satisfaction to snstnmerl. HT Cutt' if eariullf dmt, and all tntrk tear- VSSHS, JUPC.ll !UVY WTIEKE YOir CAN BUY THE CHEAPEST !! William M. Mefford, 'TJET0RN8 HIS THANKS TO THE CITIZENS IV of Knox County for the liberal patronage extended to him, and would say that he has now on hand as Harness, Saddles, Buggy, Carriage, 'Wagon ardriow Harness, Collars, llrkllos, Martln-igails, Whip Ae.,aseror. ' SUOr-li rth-eestoornor Market House, augllily . O; W. Hank. : ADDLKR AND HARNESS MAKER, 'First Door a nth of Woodbridge's Store, . BAIX BTBXBT, MOUNT TBBXOM, OBI. KEEPS erosUnllr on band a large aoaof tment at Hsddl f and Harnese, Bridles, Collars, Halters, Whips, o lannfuetared by axpeciaaesd workmen iiwd fur B reasonable terms. , t' ALL VOBX WABBAKTBB.jBf , , TRUN.,fremll to f 21. My Trunks are maer superior article to those commonly offered for sale, i J woild also inrito special attention to my Cotnas, eehieh cannot be snrpawed forstyle and durability, may Wy. - ' II VERY ST IBLE ,. Oa Tlie Street, Wet mt Mala. WILLI AM SAtfDSRSOS, JB, - WfTJM) Rtfll'ECT FULLY INFORM THE aehllsthat be has oarnatlyea band a lie "hVr I E 8 AS D BtOOLESi ! Which he will let oat at as reasonable rates as any other establlihmKwt hi Ibe eonotry. Thaakfol for past farnn, be solWU aontlMiene if mtroaaej. rfalyll-li WM. 8AKDKUS0N, Jit. Medical Notice. THE undersigned wishes to give notice to the ett-isensef Mt. Vernon and the public generally that the will know and almost universally approved Anthritlo Mrdieinrs will be found at Esq. Vat. H. Coehmn'e offlcei aim, he has rerenr'd te Martinibnrgh, Knex eotinty, where be may always he fnnnd to wall upon his eld customers, and all (then wbr may wish to ia the aale of the .aloof thoabovoBamodmediclee. ' tf,.t 1. . CAMPBELL, i g-l Sji ill! : ai u e l t 0 0 The Mo ii n I Vernon licpibliran ' 1 M HTBLIBHKD IVIBT VPaSDAV MOIMINO, BY W. 11. COCHIIAN. Office la Kremlin Dalldtng, No. s, Second tUory, i TERMS Two Dollars per annum, payable In ad rancej f 2,80 after the expiration of the year. BATES OF ADTIBTI8IHO, c et ef ct 1 square.. 'I c I 24 00 I 24 t 74 3 003 404 40 00 S squarei. I 7S 2 25 3 24 4 40 4 24 4 00 4 24 00 748 0 S squares, 2 40, 1 40 AA T All 0 AS IA 3 Sol 4 squares. .'3 4011 00 4 00l 0017 00 8 0010 12 I square, ebangeable monthly 110; weekly,. ,..$14 K column, changeable quarterly 14 i eolnmn, changeable quarterly 18 ii eolnmn, changeable quarterly.; 24 1 onluinn, changeable quarterly 40 Eleven Unci of Minion (this type) are counted as a square. Editorial notices of advertisements, or calling at tentinn to any enterprise intended to benefit indi' riduals or corporations, will bo charged for at the rate oi jo cents per line. Special notices, before marriages, or taking pro. oedeneo of regular advertisements, double usual rates. Advertisements displayed in large typo to be enargea one nair more than tne usual rates. All transient advertisements to be paid for in ad' ranee. Remarks of the Hon. Mr. Miles of Morrow Connty, In the Senate, vanuary 26th. 1859. in ecmmiltet of the Whole, on Senate Bill No. 178: To repecil the act of March 14A 1850, which authorizes the collection of 10 per cent, inter-eit by contract. Mb. Chairman: The Bill under consider ation, I consider one of Rome interest to the citizens of the District which I have the hon or to represent, as well u to the citizens Of the State generally. In certain localities in my District, the peo plo have become somewhat clamorous upon the subject; so much so that they have ca led mat meetings for the discussion of the ques lion, and passed resolutions clearly indicating that they were decidedly in favor of repealing the law authorising ten percent, interest to be collected by contract. It is true, sir, that no pcti' ions have been sent to me from that qnar-ter; yet I am fully satiafled that large ma jority of my constituents are in favcr of some modification, of the laws on the subject of interest, while many, I have no doubt, would prefer that the law should remain as it is. It Is a subject sir, which has been fully end ably discussed, both in the House and Senate, and therefore I shall not presume to occupy the time of the committee with any very ex tended remarks; but trust I may claim its in dulgence while I offer a very few reasons which have induced me io give the vote which I expect to give upon the passage of the Bill now before the committee. Were I to consult what I deem to be my own interest, I think I should not give tho vote which I ex pect to give upon the passage of this Bill; but believing, as I do, that the interest of the producing classes demands, (to save tbem from utter ruin and bankruptcy,) that the standard value for tho use of money should be placed at, as nea as practicable, the am ount that can be realized for money invested in any of the ordinary legitimate busmen transactions of the country, I shall most cheerfully vote for the repeal of the law authorizing ten per cent, interest to be collect ed by contract; altbougn I would prefer that the legal rate of interest were placed at seven per cent.; tor the reason that if the maxium late of interest be fixed nt six percent, persona residing io many ol the incorporated towns and villages weald not realize more than 4g percent interest after psying taxes But ii the bill fixing the unifoim rate o' interest at leven per cent has been defeated in the Ilorse of Representative, I shall vote for the bill now before the committee. And, sir, being a practical man, I shall confine my self in whit few remarks I have to make, to what I believe to be the practical workings of the law, authorizing ten per cent, upon the mechauical and industrial pursuits. One of the reasons, which to my mind possesses some force, and is entitled to the earnest consideration of the committee, is the effect (as I conceive) that the present authorized rates of in-interest bare upon the improvement and cul tivation of the lands, the improvement ol your towns, cities, and villages, the invest ment! in manufacturing, and the different mechanical branches which ire carriod on throughout the State. I think, lir, it is a (act generally conceded that capital invested la real estate, or in any of the pursuits befote alluded to. will not produce more than one balf the rate per cent that eaa be realized from the sane amount loaned it the rat ef in Ureal now allowed by law. Why, sir, it teems to aae that there u scarcely a sane maa ia the State who fully understands the foroe of interest, (who as a matter of investment With oat aotxte Inducement to prompt him 6lber than that ef maklo g a profitable use of his mmiey,) eaa for a mo ment think of being successful ia engaging in any ef the branches of business before mentioned, and pay tea per cent, for til capital employed, or where theepiUl thus employed is worth to him teit pot cent. And 1 think it fair to presume that it la those ruinous rate of interest that have almost paralyzed the improvrineiil of your towns and ei tie and put a quiet ul on many of the moat floariebing and most prosperous msnuracluiing estaUiili. moats in the State, and indoeed the merchant who has accumulated a little capita, to tell out bis store, close up his business, ind con-vort bis assets Into notes, drawing interest at the rate often per cent, payable annually or semi-annually si the parties agree; ind the farmer, who bii accumulated a little more than was accessary for the immediate wsnts of his family, to loan it out at ten per cent interest, rather than invost it in any improvement upon bis farm for the comfort and convenience of bis familr, knowing that he could not invest the amount in improvements and realize one-half the rate per cent, tbat could be realized by loaning it at the rate of intesest sntborized by law, Thus you find the farm er, the merchant, the mechanic and maaufoc turer all turning brokers. It they have money enough and credit enough to open an office and receive deposits, they operate in tbat way ; if not, they put what they have in their hats or pockets, ind turn brokers in a small way, by sitting around your stores, whittling pine boxes, and wait ing for the man that will stand the heaviest shave. And ill for the reason that there ii no man, however industrious ind economical he may be, who can carry on successfully any It gitimate business while the capital thus employed is worth to him ten per cent., or where be must necessarily pay ten per cent, for the capital employed in his trade or business, It is true, sir, that persons full of hope and energy do engage in mechanical pursuits, and in manufacturing with a capital employed at 10 per cent.; but what is the inevitable conse- quince? My own observation is, sir, that in nine casos out of ten, they become bankrupt.Wby, sir, under the old time-honored sys tem of allowing six per cent, as the maximum rate of interest authorized by law, you did not find a broker's establishment in almost every township in your counties, or persons who were making a living on a few hundred dollars by loaning money; but on the contrary yon would find persons who had money, willing to invest in improvements or in me chanical or agricultural pursuits, with a reasonable prospect of realizing from the investment, an amount equivalent to six per cent, on the investment, thereby giving employment to the mechanic and day-laborer, and ena bling him to mike a respectable living for himself and family; and to a certain extent, preventing idleness,and sll the evils.vices and injurious consequences growing out of the same. But since the passige or the law of 1850, allowing ten per cent, interest to be collected by contract, t-.e inducement is so great to loan money, that almost Ivery person in possession of a little capital, if they can possibly convert it into money, are becoming moneylenders. Or if their cieditorsare unable to pay, they are required to give notes, drawing interest it the rate of 10 per cent. I do not wish to be understood as claiming that the business of loaning money is par ticularly disreputable, or that persons who have money, have the same right to loan Hat 10, or even 20 per cent, if it receives the sanction of legislation, that an individual has to invest money in real estato,in railroad stock, in manufacturing, or my other business. But, sir, wbut, 1 do object to, is that the legislature, by its enactments, should sanutiun a rale per cent, on mo ley loaned, which 1 believe has been admitted by all who have spoken on the otter sidj of the question to be lar greater than can be realized lor money invested in any ordinary business. I think it is thus that the capital of the State is diverted from the employment in in agriculture, manufacturing and the different mechanical pursuits, which are the basis upon woich the wealth, growtb.improvement and credit of the State is fuundsd; and my theory is, that just in proportion as you authorize the payment of interest for money loaned, more than can be realized for money invested ia lands rr in any ol the mechanical pursuits just in tbat proportion you lessen the value of your lands, and sll the real property throughout the State. For an illustration, let ui suppose that A. owm a farm, which he proposes to sell for ten thousand dollars; which if you please, may be considered a fair valuation for tbe farm. B. wishes to purchase a farm, he examines the farm of A. ind finds it in every respect such i firm is be wishes to purchtse. B., after ascertaining the price.sayi to A., My money is worth to me 10 percent, annually, ind there is no difficulty in loaning it it that rate where it could be well secured, thul bring ing me ten hundred dollars interest. This farm will not produce, after giving it my personal attention and keeping up repairs, more than aeven hundred dollars; Ind it would be folly to pay you ten thousand dollars for the property, with tbe fact before me that I most low at least three hundred doling on my io vestment yearly. Now, air, lecording to the same process of reasoning, let us suppose tbat the standard for tbe use of money were fixed at six per sent., with sufficient guards throws around it to prevent usurious interest be taken. The farm, as before Hated, worth ten tboonnd dollars, (which would yield aa become of uvea hundred dollars) would be worth eleven thousand, six hundred and thirty level dollars seven hundred dollars ba I ng tbe interest of tbat sum for one year at lis per cent Kow.air, if this process of reasoning'be correct, then the prineiple may properly ip-plied to property in towns and villages, and, in last, to almost all , kinds of property throughout the State, and thus tba reel eutate of the country would be largely enhanced, thl aggregate of property placed on your tag duplicates greatly Increased lessening the rate per cent, of the tax levied jind hem-fitting therby.not only real selits caa- irs, but all classes of taxpayers. ' , To prove the position I bive tiken, tbat no man or set ef men, can carry on sucossfully my ordinary business with capital employed it the rate of tea per cent, per annum I have taken the simple sum of one bundled dollars, calculating the interest for the term of twenty years. First, simple interest it six per cent. Second, on a note with the interest payable annually at ten per cent, (supposing the interest was allowed to run and not paid as por agreement;) and thirdly, tho effect of compounding the interest in favor of the lender, if the inter est wis paid innually, aa per agreement, thereby enabling him to re-loan the interest, and which in effect would operate with the same force upon the borrower; and certainly so, if be were compelled to borrow the money with which to pay the interest at tbe rate often por cent It is true, sir, that business is not usually done or. quite as long time ss is given in this calculation; but I have made tbe calculation, i& this way, for the purpose of si owing ths force of interest, payable annual-y, (at ths ratel now legalised by law) for I series of years; which I think is not fully understood by many who have not paid particular attention to tbe subject, ind who ire paying those ruinous rates of interest. If I have made no mistake in a hurried calcula tion (not having be-n particular in adding the fractions,) I find the figures produce the fol lowing results: The simple interest of $100 for 20 years at 6 percent, is... $120.00 Principal... ' 100.00 $220,00 The annual intarest on $100, at 10 per eent. for 20 years $313 83 Princ.pal 100.00 $413.83 Tbe annual interest on $100, compounding it yearly for 20yeamtl0percent.. $572.76 Principal 100.00 $672.76 Dilierenceio ravor of interest . payable annuity at 10 per cent, aad simple interest at 6 percent $191.58 Making a difference of nearly twice the or iginal sum. The difference in favor of compounding the interests annually on one hundred dollars for 20 years at 10 per cent, and the simple interest on the same a-mount for the same time at 6 por cant, is $452.76 Making a difference in Interest of nearly four and a half times the original amount, Most of the money now loaned is loaned at far more ruinous rates than the example here given, where the interest is required to be paid annually for in a majority of instances, the interest is required to be paid in advance, wl ich would produce an aggregate of interest much greater than the example before given. It is said that figures won't lie; and if tbey have not in this instance, it seems to me blind fanaticism to suppose tbat any legitimate bus iness, However prudently it may nave been mansg'd.can produco corresponding results unless by some extraordinary luck in specula tion, or rise of property. There, are many other reasons, which to my mind are very conclusive that the bill under consideration. or some bill making a material change in our interest laws, should be passed, and become the law o.f the land. These have been ibly presented by gentlemen who have spoken up on this subject, and have done belter justice to it than I could, were I to undertake It. I will therefore submit tbe remarks which I have mads, trusting in the good judgment of the Senate to let in the premises, aa in their opinion the prosperity and welfare of their constituents may demsnd. The Minister and the Hami. Ia i late number ol the Presbyterian Expositor I correspondent relate! ths fallowing anecdote. lie says he had tbe narrative from a most reliable source, and. aa near as may be, gives it in the language of the narrator. I knew a man who, until past the meridian of life, manifested in all his transactions a mean, miserable spirit. Money was his Ood. He was proverbially "a mean man." Between forty and fifty be became a subject of 'Sovereign Graco." His eyes were opened to see with great distinctness the truth of that word, "A man's life consisieth not ij the abundance of ibe things which be posses-seth." In a word, he was truly converted. At the period of which I speak, be was a wealthy farmer on one of our rich prairies. When be united with tbe people of Qod, he confessed and most deeply deplored the sin of eovetousness. He promised with Divine help to "Live no longer unto himself." He was sincere in his promise ind purpose. Little did the poor mm know himself, tbe power of habit, of temptatjpn, or of ths conflict before him between the "Old and ths New Man," A l was then the custom ia ths Methodist Church la the country, ind U to some extent at this day, tbe Minister in charge was in the habit of receiving bis dues in provisions, 4to-Booa after "Old Covetous" an i ted with tbe class, tbs preacher got out of meat; so he "harnessed up" and rode over to Brother C.'s boose. Good morning. Brother C." Good morning, glad to see yoa; wont yoo light?'.. , ' :;.y. ' ' , , . Y "Xo, thank yoa. Wife says ws are out of meat, and I thought" - Old man. ''Out of meat are you 7" New tain. "Well.l'm glad to heaf it; it wilt do me good to supply yon., Go to my moke house yonder, ind take the best ham you cap find mind ind take the biggest.' On went the preacher, ind soon returned bearing him weighing twenty pounds. He pissed on to his wsgon. Old roan in hit heart, solus"You old fool. that bam weighs twenty pounds! Hsmi ire scarce worth one nhilling per pound." New man, so!us"Qod loveth i cheerful giver." "What shall it profit a man, tho. be gain the whole world and lose his own tout?" Oh, Qod forgive met "Get thee be-bind me, Satan." Here, Mr, come backloome back! "Now," said be, "go again to my smoke-bouse, and this tims get two bams. Get the veiy best mind you, get louscrs." Soon be returned, bearing forty pounds more of the precious meat; then came over the poor man again tho spirit of covetous ness. Old man "Well, yoa are a fool! yoa will die in the poor house tell Forty, sixty pounds worth the sum of eight dollars! Eight dollsrs gone slick!" New mm "Honor the Lord with thy sub. glance." "Uive ind it Hull be given unto you." "Rejoice not igainst me, 0 mine ene my, tho' I fall I shall rise again." "Tho' I walk through tbe valley of the shadow of death, I will fear no evil.1 0, 1 am I im in the valley." Poor man, he was, and like Bunyan's Chris tian, he sheathed his sword and cried out to him who was "able ind willing" Lord live me.'' Now man "Here, Mr., come back! come back!" Now, his manly form trembled. Tbe water stood in bis eyes, and then like a child be wept and sobbed as he told of the warfare wilhm. "And now, Mr. Devil," said be, "if you don't quit this business, I'll give away every bam I've got in the smoke house?" Then "Apollyon spread his wings and left him for a season." Villainy in New York. A New York correspondent of the Boston j?oj writes: . . And here it rosy be well to ask wby, aa a geneul rule, vice and crime increase end bound io Now York, as winter encloses on its icy net. Let me ventilate in this connection, a siua'l amount of information gathered from a recent expose of city sinfulness made by the Mayor's Police squad. Think of 4,- 000 illegal groggeries, where 7,000 persons mix ind sell liquor to the amount of $4,000,- 000 year laying thus the corner stone of three-forths of all our crimes Then there are 450 lottery concerns with 2.000 employees, bleeding the silly portion of the community to the tune of $3,650,000 per annijm. Agencies in the same line ot business tike another mil lion a year, there being 110 agents thus en gaged; 225 brothels sheltering 3,000 "low" prostitutes, ire estimated lo clear $3,000,000 annually. In another line wo see set down 500 street walkers as iveraging $1,000 each, i. e. $500,000 more. To sll these must be added an equal number of "upper ten" nymphs, equally successful in coining mrncy snd brood casting the seeds of crime. I also notice that twenty-five ob-cene publishers are "spotted," bo, it is supposed,pocket a profit of $20,000. Then there ire 75 gambling houses whose re ceipts are of course teyond sny estimate; bogus ticket offices and a dozen Peter Funk auc tions clearing $5,000 each. Begging is also found a very profitable business and well followed, there being about 220 whose gains are placed at $60,000 per annum. Judicial Eloquence. Marion Crops was recently tried in Mary land before Judge Price, for tbe murder of Robert M. Rigdon. The judge, much effect ed, preparatory to pronouncing sentence, ad dressed Ihe prisoner, as follows: If the jury that tried you had found a dif ferent verdict, it would have shocked the en tire State. I believe it would have been felt from tbe tops of the Allegheny mountains in Western Maryland, to the sea shore. I believe it would have reverberated with deep, if not terrible significance, in every valley, from every hill side in every city snd Iowa and binilet and fireside in the State. It would have gone booming ovoi the vat plains bordering the Choftapcako. away down to where the ocean inrf waahos Worcester's nhore. More than this, I believe the great trial by jury .self would have felt I he shock; snd that with a fcw more such shocks it would have tottered on its foundations, if not have fallen prostrate before them snd been trodden under loot as unfit for tbe times, and as an uni elislle, faithless and worthless thing. ' Unsuccessful In this Life. There is tru'h beautifully expressed, snd words of cheer for multitudes, in ths follow ing sentiment accredited lo Hon. George 5. Billiard: I confess that inorssstng years bring with hem increased respect for those who de aot succeed in life, as tboss words are commonly used. Heaven is said to be a place for these who have not succeeded in life; snd it is sure ly true that eelosliil graces do not best thrive snd bloom in tbe hot blase of worldy prosperi. ty. Ill success sometimes comes from superabundance of qualities in themselves good. from a conscience too aensitive, a taste toe fas tidious, s sell forgetfn'nes too roman io, a mod' est too retiring. I will sot go so far as to gar. with a Irving one, that ths world knows Homing or US BTeatrei men, nut im-re eie ) forms of greatness, or st Want ol e zee I If nee. thlt died ind made no ligr ; there are martyrs thst miss ths rwlin. but tot the siske. there are heroes without the laurel, snd eoi.qucrora without the triumph. ' . V ' ' ' n--. l w ..u.. MnMied1 Wrine ths word press need 10 Imply pemusde, see eo ning.wh.nieeompnny, excl.imeet "I ny, sqweesethetlsdytasinf." , ' Senator esrward oa Cuba. Ths following is aa extract from a speech made by W. H. Seward, ia ths United Beasts, Jan. 24th: ... "Sir, I have slwsys received ss a political maxim the declarations made by ear predecessors in regard to tbe acquisition ef Cuba. Every rock and every grain of sand ia that Island wer drifted and washed out from American soils by the floods of ths Mississippi, and ths ether estuaries of ths Gulf of Mexico. The Island has seenard to me. Just as eur predecessors have and. to travitate back again to the parent continent from which it sprang. I have supposed tbat te political necessities sll actions of governments mast bend, and all sentiments of nations mast as- oommodats themselves. I have, nevertheless. been taught, ith ths sams maxim, this oth er rule, that tbs acquisition of Cuba was a question of time, of necessity snd of opportu nity. Itwssjust. as clear sixty years ago, hen we acquired Louisiana, as it I now. tbat Cuba, in the language of John Quinsy Adams, gravitates to tbs United 8tatea, aa the apple yet hanging ea its native trunk gravitates to the earth which sustains it Yet t certainly is true tbst Cuba was not thea ac quired, nor attempted by extraordinary meana to be acquired; and the reason was, that ths time, necessity, snd opportunity ,had not then presented themselves. Io fact, tbs time is de. termin'd by the eoinctd'nee of necessity and op. portunity;and thatminced'nee is the result ot a decline of European tower on this continent, and of a development ol the growth of Amer ican power on the same continent Our fore- others said, all our predecessors have said, that wben thejunctuary shall arise tbat there should be just tbat necessary decline to the politics! European power on the continent, and just that development of American power here which makes Spain unable to keep, and ourselves able freely to obtain the Island.then it would be hopeless and idle to refuse to re ceive Cuba, even if it were undesirable. Tbey have said more, and I subscribe to it, tbat ws may ssfely hold eur souls ia patience so long ss Spain can keep it, and no other aad stronger European power can, or dare, take It from her. Whit I bars to say now is, that the time ind opportunity do not now serve.io my udgment tny mors than they have served for the last sixty years. Ws may be aesr.ss, indeed, I doubt not ws ire, to the acquisition of Cuba; but we have aot arrived at that point at which the acquieilioo must necessari ly be made, or can ha made, consistently with the conditions of peace, pradoaee, justice, sad ths aaliooal honor " . Interesting Reminiscence. Mr. Giddings, in one of his articles in ths Athtabtila Sentinel, gives s history of ths Amistsd case, and calls to mind ths foot which hsd escaped us, that ths last speech of Hon. John Quinsy Adrma was on this claim, now again pressed on tbe it! ent ion of Congress. Mr. Giddings says: Mr. Adams had been prostrated by a paralytic shock. He was so conscious ol Its effects, that he would neitbor speak not write for the public eye. His friends had greatly desired a letter from him addressed to the public or some friend, u a farewell memento; but he rifused. His son, C. F. Adams, came with him to Wiahirgtoo. His entrance in the Hall, sfter tbs members bad so long re garded him as dead, wis a most in te: eating scene. Southern Slaveholders, who had bit terly opprsed him in former times, now wept at again seeing him. All business was suspended as he entered the Hall. He was feeble snd pale. Holmes, of South Carotins, taking him by tbs arm, conducted bin te his seat, and then addressed a lew words to the House, congratulating tbe members on once mire seeing their venerable aaxociata in bis seat Tbs vsteran statsamaa rtip JBded in a few words but his voice was too feeble to be heard except by those nearest him. lis eoa-tioued to meet with us, but mads as attsmpt to participate ia any discatsion, until ths smsndment of the Smalt, providing for the payment of these rlaves, cams ap for discussion.On that suljrct his feeling would aot per mit him to remain silent. When he was announced a having the flimr, the Hosse was instantly in ths most ported eon (anion. Mem bore in sll parts of tbe Hall left th.ir testa and gathered near as possible It catch the last word' of the illtistrnns Statesman. All seemed 0 bat ii'wi uld be his last speech 'i'liS r-puriaru, umlih to hear him in their places, and unmindful of rules, raahed within the bar, pw sr and pencil la band, te sketch bis last public address, Thst speech was devoted to sn exposure ef the insulting claim spprovsd snd recommended by Polk snd Pierce, sod twice by Buchanan, and bow pressed apoa the Seoale. It was. truly, ths last speech ef my venerated friend. A ftw days sfterwards, we bets his anoonectoas body from ths UaU. He (U ia the llaeo freta which he had spoksa. Be disd, as it were, opposing thia slabs. fJO-A yeang ssrveat girl previous te going into ssrvMS, snd after isosrtaining' very par-UeejUrl what esseaai if work there was U be does, ski ted la knew WiVsshe would esses Ike silwstissj, whether "aer uletress wa prvpsred to make herself generally nee. h.i?' : "" . " ; . fr7- A ueiillemnii lolJ liisboy I Child of j four ve..r-f to siiut the G ite. ' He made the rquai litres times, and the younMler poid!ai;n)( department by sUbbir.jJ himself with noeMte4n!tenlun tott "I'vs tuld you throe tisaeew sur ssiSLio shut the sale." said the 'ger.ifcw.an eorrewfully. --Ad I've told yew i frr, limes," lid i he child, "that 1 Won't do iu asust be stupid.", ... , ; , B. K. At P. Jtailroid.' Wa Had ia a late aamber of tbs jVasftj rernew Runner ths following notice ef the Boventh AanuI Report of the EpringOeld, Mt Vernon & Pittsburgh Railroad Company, just issued. Ws commend it to ths sltentioe of eur rosders. , ; j- . r It is a pamphlet of 24 peges, giving full and interesting information relative to the present condition and future prospeoU ef this important work, including the Report of Pres. ident Wm. Dunbar, Esq., tbs Report of th Superintendent, J. R. Straughan, Esq,; the Secretary and Treasarer's Report, embracing tbe Balance Sheet for the past year, the Floating Debt, the Month! expenditures and the Bond Account Tbe whole is accompanied with a handaoms and accurately drawn map, showing the route snd connections' of the load. ...... .. .. . ; . This road, as our readers ire aware, his for s sonsidersbls tims been io operation between Springfield snd Delaware, snd has employed in t ranee cling its business, 5 locomotives, 2 baggage cars, 28 platform cars, 6 passenger ears. 33 box freight cars, snd 41 gravel can. Tba earnings en this perton of tho road for ths psst year were as follows: . t Pssssngers $ 13,001 60 ' Frsight 81, 032 70 ' Mad ' " 2. 143 02 Express 328 86 Total. 30. 600 H' Ths unfinished part of thl road, from Delaware to Odell's Like, where it intersects the Pittsburgh Ft. Wsyns Chicago Railroad, is now under contract, with every rsasonabls prospect of its being completed st in early day. An Agent of tbe company is now ia Europe making arrsngemsnts for ths iron ' ' 8cen ia a School Room. , ,. Come here, George, I wish to examine row in punctuation. Wbat's tbat? - - i George That? that's a comma. ... Mistress Right; now what's that? ' George Abl now you've got roe when my hair's short; I dun kne. : v Mistress George, I do not wish yoa to oss sny slang phrases here. - When yoa are ana. bte to give correct replies, say so, bat do not repeat such phrases as tbst which you have just used. Now, what's tbst? j Oeorge I dun kno. Mistress Don't know whit that is? Why that's period. . .,;. -.(., George (Louking critically it the point ia qaestieo.) Ha! ha! 1st Now, I've got yoa where jour hair's short; that ain't nuthiit' Mistress (Re-exftminingcrtUcally.) Oeorge yea are dismissed. Ths fol'owlng is from the Ayr Advertiser: "The Irst copy of Robert Bums' poems Issu ed from the press was presented by the bird himself te Hugh Morton, who was his fellow- plowman on ths farm ol Leehille. Burns hand ed the book to Mortno when standing at the publisher ' door in Eiltuamoek,on the morning whea the poeo.s were ready to be issued. This copy of the poet's works ia sow io the possession of ths son of High Morton. Pbifasiko. A lecturer on English Oram mat, in acerialn, net very tar distant, but nameless county place, applied on a recent oc- aasioo, to a man of some influence in ths sur rounding community , for his patronage: ' "Why," replied ths man, ' as to this hers matter, Mister, perhaps I mought pateroizs you and perhaps I mought not I hs'snt got my mind raaly manured y it" ; , . ' To which the lecturer rejoined: "When you get it well manured I'll thank you for the first crop.' fr 'Mother!' said Iks Partington one morn ing, -I think I'll go np to fike'S real in tne Spring. What do yoa .hink about it? ,'Well Ike. I think yea had ettr stay it borne, for if yea should happen to drop off, the Lord knows wben, er where, you'll light So Ike eensluded testay at home. ty-lt V inches ef snow give three inches ef water, hew much milk will a cow give whea fcd ee laralpa? Multlplr the fltke ef snow by the hair en the sow's tail, and divide the product by a turnip; then add a pleee of ehalk, multiply ths whols by the tows pump. and the remainder will be the snswer. ' " A Ltqrwa Cass ix Maikb At ' the lste term of enort at Machine. Thomas Oilpstrkk wis proweutcd for the value ef three tnns ef bar destroyed by fire by persons intoxicated with liqoora sold by hiss aad the jury gave avlrdiot far Ota plelotiff. " ' v' I ui BmseesBssBasj''mS" rs s i- (r!n a story ef ths courtship of a loving eon pie. after sll kid been arranged, and matters "fixed op" the narrator says. "Here their lips esme together, and ths report which followed wasliks "pulling a horse's hoof out ef the mire?" : - ,-,'..- . rA celebrated wit was asked why he did aot mas ry a yeang kdy te whom he wiivitry ssoch attached. "I know no reason," replied be, sxsept the (rest regard ws hod for sach ether." - . - - . : VTm- seen try eegre aaes ssnt a reply to in iavltatiwa. fa which he regret I ad :fcthat cir-easMtsaees repugnaatto the scqniesce, would prevent the leotpunee to the invite." ,. . '.. j . ., " i, ftiTl'he gentleman who attempted lo cut his throat wiih a sharp j.sa lew diya since, has sgiin m !! a rash muck upn bis victu k ,. i llinur. .. ,. -.. k i - : , . .. . (. T Bl btg.gruw enlarge in Cnln.t Am.r, icai hat the, b.v. kill ilwraby pull.r.K l'r toiitff sub ibooi jack. , , . , |