Maumee City express. [volume] (Maumee City, Ohio) 1838-184?, 1838-11-17

BANK REFoRM.-The Ohio Statesman
the central organ of the Locofoco party in this
state, gives the members of that party to un-
aorstand that they are expected to oppose tie
passage of "General Banking Law 1t is
evident from the remarks of the Statesman,
that the cry of "bank reform" raised by the
Locofocos, previous to the election did not con-
template the enactment ofany law, by the leg
islature then to be elected, which should throw
open the business of banking to general COM
petition. In fact, the Statesman, since the
election, expressly tells us that the "bank re-
FORM measures are to be applied to the insti-
tutions now in existence. This application
can only be made by: Repeating the charters
Of the banks, or By searching investigation
into their affairs.
The repeal of the charters, can hardly be
called "bank REFORM but rather bank aboli-
tion," neither will the party in power dare to
undertake such measure without supplying
the place of such abolished institutions. The
Locofocos know but too we'll that the destruc-
ton of banking in Ohio would involve the ruin
efthe commercial and agricultural interests of
the state, which in their fall would bury their
own party beneath the ruins.
Should they repeal the charters, their oppo-
sition to both chartered monoPoiies and to
" General Banking Law" would prevent the
creation of new banks to supply the places of
the old ones, and they would be placed in
dilemma from which they have taken away
their own mems of escape.
Neither can q searching investigation into
the affairs of the present banks be properly
termed a tbank REFORM" The Legislature of
last year did make such an investigation, and
no one has given that body the title of bank
refomers. That Investigation did prove that
the banks in Ohio (one Locofoco bank except
es) were perfectlysound and sovent,nnd need
ed only to be let alone to meet all their en-
gagement. Any subsequent search will only
find the same banks still better fortified and
prepared and in situation to preclude oil fur
ther Legislation upon them. They are paying
specie, and fulfilling the ends for which they
were created and what more can even bank
reformers ask of them? viii they purge the
officers under oath? That was done last win
ter. Will they examine the books2 They al
ready accuse the book keepers of making false
entries, and how can thsy believe either them
or tho books Will they search the state with
lighted candle aad count the extent OF the
bank circulation? Let US see them do it.
All this is not g bank REFORM" When
bank forfeits its charter that charter may be
annulled, whenits conduct is suspicious it has
always been subject to Legislative inyestiga-
ton. These are provisions that have ever
been in existence, and now the Locofocos aie
talking about making them as if they had new
.erbefere been thoughtof And this, we are
told by the Statesman is all that isimcant by
the shout Of Bank Reform that has been
sounded so loudly in our ears for SO long a
timo.
Ge1tlemsn- the people will not swallow this.
You think there are gullible, and SO they have
sometimes proved themselves to be, but their
eyes are open now, and they are not to be fob
bed off. with shadow without substance
Do something you must, and thousands Of Ar
gus eyes are upon you to watch your move
ments. You cannot etem the current Of bank
reform; resist It you may, but remember that
your day is short oneif you do.
Tar ElRcTuoN. III ow little are the results
. popular elections the indicesso of sound and
well Informed public sentiment! How few there