The Ohio Democrat and Dover advertiser. [volume] (Canal Dover, Ohio) 1839-1840, 1840-03-06
CATO.
. Medsrx calls them HEN cooPs |
From the OHIO Sal esInan.


THE POSITION OF THE DEMOCRATIC
PARTY.
u We hope tina. every Democratic Elector
will read this article, and reflect oniti
Nothing is more important in securing the ad.
vancement Of good cause, in an enlightened
country, ard IN country where the support Of
that cause depends upon the people, than clear
understanding by that people Of the exactprinc
| plies of that cause. In the contest now pending
between the two great parties in the United
States, we have nothing to lose, but every thing
to gain, by a fair and candid exposition of all
| the principles which compose the groundwork
of our party. We have now arrived at point
in our progression as State, which must con-
vince US that some fixed principle, some settled
standard nf policy is necessary, by which to
guide the political machine. An accumulated
debt, deprecated currency, vust amount of
| public Improvement undertaken without any
visible means ofcompletion, call to US in voice
not to be misunderstood, and TO whose clamor
we may shut our ears in vain-s-it will, il must
be heard. II is now known TO all that watch,
word Of Reform in our banking system,
which was made the point d'appui in our late
electoral contest, was by no means an empty
sound; no, il was lraught with meaning of
| vast and primary importance to the people of
| this state. Tie position which the Democratic
party intend TO occupy on that important guess
ton is one, which now interests every MAN,
our principles we have spread before the world,
what system of practice is now TO be establish
ed on these principles. s..' '...-.
The eyes of the people are turned towards
the Legislature, with anxiety and expectation,
to see what course that body will pursue in this
important affair. The lae report Of the Bank
Commissioners, bear witness to the good which
has already accrued from the extension of SUI
pervising power over these institutions in their
present form, while it amply demonstrates tile
immense powers whi;h institutions capable Of
thus. expanding and contracting dier facilities,
throwing the operators Of trade into the hands
of few, or extending them 10 many, can
WELD in the affairs of a commercial or agricul,
tural people. A thorough andradical reform il
our Banking system is then Justly the motto o
, the Democratic party, while they copcede the
> point that as commercial country ours has neeC
Of Banks unaer some form or regulation, II b.
comes then, an important point in demonstrat
ing the position Of the party in this state, al h
n time, 10 determine the dominant features of tha
d system of banking, which can and will receiv,
d the support of the Democracy Of Ohio. .
We lay. it down as fixed position that tw,
great and leading principles must distinguish
every system which can receive such support. =
u FIRST, total detachment from the political gov
j. ernment. 30 that il can never under any circum
d stances be made an engine for advancing th
. views Of any in power. Secondly, a basis, O.
H. h,,tld E,lI aS,A
o rlty for the community, against the possibilit
TX OF loss from nismanagement in their affair
e Setting out with these important considerations
- WENT to these great ends.
- The frst acquisition, it is evident strikes
>" once at the scheme of State Banks as involvin
Dr. the civil power ofths States in an improper an
l. injudicious connection with the monied circl
al laiIon Of the country. and rendering the latt'
=, an instrument, powerful instrument in Il
- hands Of the former, for operating politically {
ne the people, through that medium by which
eT commercial community is ever most sensitive
and surely attached, it's pecuniary interests.
Ia we'll regulated system of local banks is no, OF
" " more in unison with republican principles al
o. political purity, but 1t is also more conSste
n- with the actual rights ofthe people. A prop
nd trade in money is not only as useful to the co
he muniiy, but 1t is as legitimate scource Of pr
). fit and livelihood to The honest citizens Of
'se commercial country, as is the trade in any ar
%; Gle of goods or The engagement in anyspeci
ve Of manufacture; and as such II demands the ?
,oI lection Of the State so far and only so far as
consistent with the rights and privileges oftho
who arc not Themselves interest, I'd in the proI
"A which may arise from the business, and yet
bat tho commouroutine Of daily affairs made llal