The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1840-12-25
ADMLNISTRATOR'dhe present

by virtue of an order of the, Co. ""o"
mon Pleas of Tuscarawas county Inc otale
Term 1888, shall offer for sale on tring such
on the l2ih day of Dec. 1910 at liz &
following described real Estate, stuatA. mas.
Township, viz. Lot of Land adj, Po
Town of Dover in the county of Tlis otaIe
commencing in the center of the Wooster Road
ono rod north west from thc town plat. thence
running south 43 West, seven chains and TWEEN,
ty five hundrcdth, thence north AZ west six
chains and twenty five hundredth, thence moth
43 easl nine chains and forty four hundredlb.
thence South % East six chains and sixty hund.
redths to the place of beginning, containing five
acres and thirty four perches more or less The
above land is property of the estate of Isaac B.
Lee late Of 1uscarawas county deceased. II is
well situated for private residence. 1erms er
sale made known at the lime of sale. ma
LUCY LEE, Ad'x, Ia
r" a NJ. Athsrtop. ? '4ss-a-.'''FryT
Dec: y analyze all the objections TO
banks, as instruments for furnishing a
currency, it will be found that they re-
solve themselves mailly into two, which
are said in practice to be the natural re-
suits of the system.
In the first pace,is is said tha, banks @
the credit which their charters give them
10 extend the circulation Of their paper;
that, either from imprudent management
or from fraudulent motives, they al
times refuse to pay gold or silver for
their notes; that this depreciates the
value Of their paper, and 10 the extent,
more or less, Of such depreciation, oc.
casions a loss 10 the hoidera of their
bills. Tha, instances have occurred in
the past history Of banks, to warrant
this objection, no ono can deny. But
it is not true, that this has been either
an inyariable or general consequence
Of our system Of banking. The occurs
rences upon which this objection is foun
ded, have been occasional, With char
tered institutions, and not general. Ir
we compare the losses sustained bv
the community, from the partial and to-
tai failures Of incorporated banks to re-
deem their promises, with the failures
and bankruptcies ofindividuals engaged
in trade, 10 the same extent, we shall
find the latter exceed those Of the for.
mer class by an almost lncalcuIable
sum. Tha, banks under the manage.
ment Of men, like all others of our race,
lot perfec', ltheI in integrity or widsom,
have sometimes failed, is fact not less
nationally inferred, from The imperfec.
lion of all human institute ons, than il
is clearly shown by historical facts. III
could not be expected that any contyi.
vance Of man, would always and inva-
Fiably, produce the good, and nothing
else, which It was designed to effect,
Our admirable system Of government
sometimes, through the wildful delin-
quency Of those to whose care it is en-
trusted, fails 10 bringus all the bles-
sings it is calculated to bes,ow; vet,
for these occasional failures, no AmeH.
can statesman thinks Of abandoning OUT
system ofrepublicnn liberty, and going
back to the royal or despotic govern.
ments Of former times, for better state
of things.
If the Community were deprived of
that credit which is now furnished by
banks, any one conversant with the
enterPrizing spirit Of our people will at
once sec that individuals and voluntary
associations would furnish that credit In
other forms3 II then becomes a ques-
tiOn, which ofthe two is safest tolthe Ia
boring and producing cIassssi If this