The Ohio Democrat and Dover advertiser. [volume] (Canal Dover, Ohio) 1839-1840, 1840-09-11
From the Ohio, Statesman.

THE MONEY POWER IN THE FIELD
the POWER Of NCORPoRAT TED WEALTH
AGAINST THE SUFFRAGES OF THE
PEOPLE. PROOFS ALARMING Proofs,
from the RECORDS.
."The day for REAsONhas gone by
" Mr.. Glay's speech a, Baltimore.
,e"The people mus, be convinced by their suf
ferlngs." l, U. s. (Bank, Gazette.
Toihe COOL calrh observer ofpoitical events,
the ful6ment of the above sentiments on thu
part of the leaders of the Federal party has been
seen, in their every act since the opening OF the
political campaign. "The day for reason has
gone by" says Mr.. Clay, land forthwith cali,
didate forthe Presidency is ensconced behind a
confidential committee, no declarations TO be
made "ior the public eye,"- reason, the de
liberate judgment Of a vlrtuous and intelligent
people made a scott, amockery and Jest, and
their passions, instead of the more ennobling
attributes, appealed to by the ''moral enblems"
(as Mr.. Ewing calls them,) Of "Log Cabins"
iHard Cider Coon Skins and all the other ct
cetera Of federal humbugs. But the sentiment
of Mr.. Clay has another signifcation;- and yet
itit had not, how unspeakably does il demean
and debase one around.whose name has been
gathered. something of talent and fame,- and
who has been elevated to seat in the greatest
body on earth. But when to contempt for the
intelligence and integrity Of his countrymen is
sunBSalnied the proclamation that they are SO
I6skfdthe principles OF virtue and the spirit Of
their sires, as to yield to the open dictation Of
corporate wealth. land barter their liberties to
pamper their ayarce; it presents only in such a
calumniator of American freemen, "a mark for
scorn to point its slow unmovina finger at"
Put together these two important disclosures
ofMr. Clay, and his client the Bank, and how
do they readl-,"Phe day for reason has gone
by;->the people must be convinced by their Sui
ferings." The money power must be brought
into The field corporate ard individual wealth
must be arrayed against the principles Of the pee
pie, by paralyzing their interests, reducing theil
prices, crippling their labor and in every possi-
bIe mode, effecting their prosperity. When this
shall be done, say the Federal leaders, the peo
pie will abandon their principles, >>hock to the
standard whichswe may set up, and give to the
Banks the POWER Of the country, until they
shall make themselves perpetual.
Nor arethese the idle declarations of over
heated and Jealous 2artizans. They have fol
tteir anthers a Senator of the U States; lea
der of the party; and cool headed editor, tht
mculh piece of Nicholas Bddle and his bank
They were uaAdo; too, by authority, for the evi
dance of their fulfilment, is every where aroun'
us. In Ohio, il is well known that the bank
ing institutions have contracted tbeir circulation
nearly one half since the lst.of april 1889, an
ds aeonseghence, the interests of the commun
iy have been seriously affected, ,--prices are re
duced, ,-.labor is crippled while those who ar
daily turning down tie tefaws upon the "su
fsrings'' the people, ave crying outagain'
the .''iniquitious measures Of the Administri
.iion.p
/. Il may be instructive, perhaps, totake up III
!. reports Of the banks from April 1889, to Jul
l840, as Published, and see howmuch of p'
itical compilations attaches to this process of re
duoing the circulating medium. We make tn
contraction, throwing out the Granville and "a
ton Banks, which have aslight increase, amour
-FOUR millions twenty.three thousand 81
hundred and fiNy.one dollars. This amour
has been Withdrawn by banks situated in twer
ty-four counties, -->twelve Of which are dem'
cratic in their politics, and twelve whig. II
account stands thus: sr -.l
Contraction ~ II dem counties s., 1888 ,6S9
do in12 whig do l,6S4,962