“The trustees of the respective townships of Ohio are hereby constituted a board of appraisers of the property on which loans may be asked in such township. For such appraisement, whether the loan is granted or not, the applicant shall pay said appraisers a fee of two dollars each. At least two of such appraisers shall go upon and assess the value of any such property. “The borrower shall pay all incidental charges connected with any loan. The treasurer shall not receive more than one per cent. per annum on the money loaned, as his compensation for conducting and caring for said business; all interest received, less expense to said treasurer, shall be distributed pro rata to the depositors in accordance with the amount and time of deposit. “A failure to pay interest for three years shall work a forfeiture of any loan made under the provisions of this act, and the property shall revert to the county without process of law further than order of court upon sworn statement of the treasurer as to such delinquency; and the mortgagee shall be permitted to occupy such premises for such a length of time as the payments made thereon shall amount to a yearly rental of four per cent. and taxes, after which the said property may be rented at not less than four per cent. and taxes, or sold at private sale at not less than appraised value. “Any losses sustained by the depositors, through the defalcation or dishonesty of the county treasurer, or any other officer of a county, shall be paid by the county in full, and the said officer apprehended, his property, as well as any and all property transferred or assigned by him during his incumbency, shall be confiscated, and he shall be hanged by the neck until dead, without benefit of trial except to ascertain the certainty of such defalcation or dishonesty. In such cases there shall be no appeal, pardon or reprieve.” No sooner was this law proposed than the telegraph wires were put in use to notify every banker in Ohio, as well as the principal bankers in Chicago, New York and other great centers. Their hired agents were there. In two days the lobbies and corridors of the State-house at Columbus were crowded with well-dressed, well-fed, diamond-studded gentlemen from all parts of the country, crying out against such a law and picturing the direful results that would follow its passage.