The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1839-11-30
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ANTI-SUSPENSION
DEMOCRATIC MEETING.


inst.-- motion
VALENTINE BEST, was called 10 the
Chair, and
GEORGE MACK and STEPHEN BALDY,
Esq. were appointed Secretaries.
After the object, OF the meeting was stated,
in an able and eloquent manner by John
Cooper, Esq, a committe of nine was ap-
pointed to draft preamble and resolutions,
10 wit:
John Cooper of Danvle.
Samuel B. Wilson of Liberty.
Samuel Greasy Esq. of Mfllin.
Benz. Keeler Of Jackson.
Col NJ. r. Hover of Roaring Creek.
B. K. Rhodes of Danvile.
John Steiner Of Derry.
Peter Shuliz Of Cattawissa.
| Capt J. s. Follmer of Limestone.
Who reported the following preamble and
resolutions through their chairman John
Cooper:
| WHEREAs-The existing state of our
currency, demands immediate dellberation
and expression of opinion, in order that the
legislature may know something about the
state of public opinion, before measures Of
reform are adopted. For this purpose we
have met, and in this meeting, we assume
nothing, nor DO we arrogste any right or
privilege, but such as may be constitution
allv exercised, by the humblest citizen Of
the Commonwealth.
Scarcely two years have elapsed, since
the last suspension of specie payments;
aud now without any run upon the banks,
or any assignable reason, other than the ur-
gest necessities, and undoubted bankruptcy
of /" The Pennsylvania Bank of the United
States" (which it could be clearly shown,
did the present occasion demand the exhl-
, bilion) has never been in solvent situation;
our banks are re-ensciing the scenes, which
disgraced them, and impoverished the coun
. try in 1897; and with one, or perhaps two
! exceptions, have voluntarily assumed the
I. attitude of insovents, AID declared them
!, selves bankrupts in the face of the world.
r We are not the enemies Of banks, O.
. those interested in them; nor do we contem
n plate with pleasure, the distress and dis
, grace, which their own infatuaton and fol
, ly have produced; we neither seek nor wisl
: the ruin OF any man or class OF men. Blu
we must, and do, most solemnly protest, a
!, gains; principles and conduct, which thu
j jeopardize periodically, the dearest and bes
aaai RRePf hs ei& r ~ nor ST
bid crayins for wealth, luxury and grandeur
Of the few. We will not endure, that III
e hard earnings Of the laborious and induslri
e Gus producer shall be wrung from him, L
:. feed the pampered appetite for wealth an
e power, of money-broking, stock-jobbing
y gambling, specializing, banking consumers
rs We demand, that measures be adopted cal
le culated to secure US from the destructive el
J. fects of the fraud and folly of those, VIII
le support, profit by, and direct the presen
c system of banking. And we saw more
is over, that if the evils iflincted on us are S
is nseparably connected with the credit sy;
= TEN, and incurable so long as it exists, Il
r the system be abandoned Let justice
SIS done though the heavens fall +!
nj We believe that labor is the foundatio
- as well of national as individual wealtI
n and that it isihe true measure of value, re,
n ulated by the means of supply and the n
cessites of demand. That whatever is sul
en- sliiuted as the medium of interchange
n barter Of commodities on which labor b;
e. been expended, must itself be of the vali
e. 1t represents; and must represent labor a
= iually performed, and existing in the arllc
ks be it manufactured or raw material which
of reports to represent, of equal value. "
ter do not believe, and can no longer be guile
ld. by the doctrine that confidence is the mea
of ure of value-or that paper money accol
so, panied by confidence, although of no intri
he sic value, furnishes a circulating medium
go quail with specie-gold or silver, which co
'ch tain in themselves the qualities requisite to
me measure of value. First, they are small
di- bulk. and diyisible. Second, their We
scarcity makes them valuable, from the
Dor and expense necessary to obtain the
and therefore are not like the paper ra
OF which cost little or nothing 10 manuGaclu
&C. and which can be issued by indiyidu
DC or chartered companies with little cost
LA trouble, and used as they have been used
'sA- drain the earnings Of the working man
eh' to the pockets Of HIM who lives by his "
on the labor of others. We have no col
ro dence in banks, or their paper, as at pres
55o' conducted; who substitute, their financeer
III, quaekery, and ar-built nothings, consist
rra Of worthless promises and rags, for the m
ae substantial and immuiable standard of g