Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1840-09-30

circulation. Look at the official docu.
ments of your state. On the 30th day oI
April, 1889, the banks Of Ohio reported
their circulation, under oath TO be SS,309-
III 6O;--on the 30th of April, lS4O
they reported it to be 4,l9I ,595 90:
thus showing a reduction, in the space oil
a single year, of four millions, one hun
cred and Serenteen thousand, fire huu-
dred and forty-sir dollars and eighty
cents By their reports to the Auditor
of State, made on the Goth day of last
June, it appears that the curtailment is
persisted in yet, and that five banks, with
a capital stock of S2,367 ,2s5, have re-
duced their circulation to 1904, ,523,5S,
being one hundred and thrty-nine thous-
and, four hundred and forly-six dollars
and fifty-seven cents less than the amount
Of specie IN their UGults A scarcity of
money is thus created, not only by with.
drawing from circulation the notes of the
banks, but also by boarding the coin that
would otherwise be found in the hands
of the people, And now when the desi-
red effect has been partly produced, when
prices have fallen and pressure is felt,
these men, the very authors of the evil,
all bodily cry out, that the sin should be
laid on the President and his friends.
The reduction, in Ohio, they falsely as
sert, has been occasioned by the acts of
a Democratic Legislature. viii they
tell us what has caused the reductio in
New York and Connecticut, where the
Federalists have been IN power for the
last three years? Will they explain the
cause Of the reduction throughout the en-
tire United States? Will they account
for this boarding of specie, by the banks,
for which no equivalent whatever is put
in circulation? No, fellow-citzens, it is
not to the acts of Democratic Legisla-
ture that we must look for the source of
the present hard times lit is to be found
in the powerful workings of system Of
unregulated banks, and corrupt alliance
between those institutions and a set of
ambitious Federal asprants.
The next feature IN the plan of the
Federal leaders to which we desire TO
call your attention, is their apparently
fixed and unalterable determination to
disclose no principles, to propose no
measure, pending in the present political
campaign. TO denounce the administra-
ton in general terms, to invent a thous-
and charges against it that have no foun-
dation in truth, 10 repeat, to reiterae and
stick to these charges long after they are
known to be false, TO affect a zeal and
sincerity that may impose onthe unwary
and frighten the limid, and above all, to
commit themselves TO no measure or
principle of public policy, is the distinc-
tive character ofthe present plan of Fed
eral electioneering. They affirm that
the difficulties of the country are owing
TO the administration; they proclaim their
own ability to remove these difficulties,
if the power of the government be conf
ded to them; they profess all obedience
profound and sincere to the popular voice
and yet they are unwilling to trust to the
people with the knowledge of a single
act by which they expect to produce this
result. Is it to be effected by the crea-
tion of another National Bank? Will it
be brought about by the restoration of the
deposites to the local Institutions of the
States9 Is it to be produced by revival
of the mscalled American System: with
its high tariff and unconstitutional expen-
diture? Or has some new discovery
been made, in the science of politics,
known only to the leaders of the Federal
party, and reserved only to confer lustre
and glory on Federal administration
FO these questions no answer is vouch.
safed to the American people by the Fed,
eral managers who profess their ability to
set every thing right. They thus stand
convicted of hypocritically claiming ,
power they do not possess, or Of insulting
the country by a concealment of opinion;
they are bound to promulgate. For we
hold it to be essential to the very existence
Ofthe elective franchise, that the right O.
the people to know the political opinion:
of those who aspire to transact the af-
l"'iS VI NV Hut'oAS Shdll D6 expressly TS
cognzed and implicitly obeyed. Tt
deny this right, or evade its obligation, i.
TO aim deadly blow at the Fundamental
maxim on which representative govern
ment rests--that maxim for which ou
republican fathers SO sternly contended
} and which as they thought, was foreve
| firmly established, when they laid it dowl
as one essential article Of their creed
, "that the agent of the people is bound b,
the will of his constituents" If the rep
) resenative is the servant and not tn,
: master of the people, if his duty consist
5 in rejecting their opinions and obeyinI
their will, any Misrepresentation or con
. cealment, TO prevent their choice from
t falling on one "whose sentiments bes
: accord with their own," is direct an,
9 dangerous assault upon the supremacy o
3 their power. And here, fellow citizens
4 we beg your attentions to the importan