The Ohio Democrat and Dover advertiser. [volume] (Canal Dover, Ohio) 1839-1840, 1840-05-01
NArloNAL. .MEALTH.

The true wealth Of a nation man,iesls
itself IN the augmented demands for la
Dor, in the industry, in the profits upon
those products, and the ability TO sell
them at home ana abroad. The nett
annual profit upon the national industry
is the trues, measure Of the national
gains, nd these profits are almost ut-
terIy annihilated by the bank paper sys-
tenn. Let us then abandon that sys-
ten. and advance our country 10 that
high destiny which would then await
her. Lei US abandon that abject depen-
dence upon the mo0esed power Of Eng
land. Let us take from her gsasP that
money ed trident. more potent than all
her arms or nnsies, With which she can
now, at any moment, explode our paper
system, and overthrow, at one blow, ell
our great and cherished interests. 10
this time for this miserable. dePen-
dence upon British power ! ls this
iine when that naughty Empire 10
threatening 10 dismember one OF me
sovereign States Of this Confederacy,
" hen she ls seizing and occupying
portion of that soil. within onr undoobt-
ed limls, acquired by The tolls OF the
Revolu aud not an acre OF whlch
ever can be surrendered, so long 40
there is one true American heart beat
ing within an American bosom Is
this time, too, when thai power IS gra.
dually seizing upon the rich territory
west of the Rocky mountains, and when
she seems, with the view 10 force the
sale Of her poisonous drugs, to be
threatening, by iniqu,'ious blockades,io
expel our flag and commerce from the
Chinese coast--is ihis the period 10
forge the paper chains which ere TO bind
all our industry and all our commerce
10 the footstool of British powef9 No:
lei us exert all our native energies and
overthrow that system which Is delay-
| ing our onward march as nation Ia
greatness, wealth, and,power, and let uS
antedale that period, when, 0 ur eSter's
and products, requiring no taIlfi, oul
carried throughout the world, shall
vastly exceed those Of England; LOT ns
anteda,e that period, when, a ;. ccu3Ha-s
red with us, England shall be but
BILE second rate power, and Ieips draw
nearer aud nearer, to that happy hour.
that even our eyes may see the glorious
| spectacle when not an acre oil American
soil shall be polluted by British domln-
,ou, or degraded by imperial Of despol-
&c power. - =,
| ii at one ypoment Of creative will,, It
had pleased the Almighty power 10 es-
ablisb, in either ocean upon this globe,
1.-Two mighty continents. each with tsen
Ity millions of an equally intel lIgent end
taud industrious people, aud each with q
lhund red millions of a metallic currency
l-then, so long as each adhered TO that
currency, their march 10 wealth and
power wonld be equal, and the exports
TO either would be rare indeed: But IL
whilst one of these nations Sdbered to
its metallic currency, the other embra-
ced the banking and paper system what
would be the results Why, the paper
money country, from inflated prices
within its limits, would soon be over
wkelmed with imports lrem the country
which retained the metals; its in-
duslry would soon be pros,ra!ed, and
it's system oyer,hrowD, and periodically
overthrown, so long as the two coun-
trie, retained their relative positions az
a hard money and paper money coun-
I Try; and greater still would be the ca
llamity, if half dozen continents should
exist upon the same globe, to not one
Of which could the paper money nalior
export one article that could be raised
within the country which adhered 10 the
metallic policy. Is itDot then seen ID
this COM rison, that banking aud pa
per currency adds nothing to the wealth
and products Of a nation 2 What ia
this bank paper ? 1t is not labor, nor
it's products, nor wealth. nor capital, NOR
any thing Of intrinsic value. II is no,
money, for it is merely promise 10 pay
N oney; and is nothing in fact, but cir
eulating debts; and their issue and aug
mentaton augments nothing but the
debts Of country. Every bank note
is only debt due to the holder OF the
note, and in every loan Of its paper
made by a bank. it augments nothing
but the debts Of country, first BY crs-
a.iDg debt to it by the borrower to the
.moun, OF the loans and, secondly, a
debt BY il to all the holders Of its notes
The banks then are the great cause o.
all that vast load Of debt which has al'
most weighed down the energies Of thI'
great nation.