The Ohio Democrat and Dover advertiser. [volume] (Canal Dover, Ohio) 1839-1840, 1840-09-25

,he field. BENT ON the das,rnc,ion Of the
democratic Derlv. who wsra snaLinr ~
regulate and reform il. The Is.gns he.
tween The banks aud,he feds,al OoIi,i.
clans vas cement d by mutual in,c,ss,.
and mutual homes of ornmo,;on so5
gain. The banks demanded of m. nol
iticiaps. that the spirit Of reform shonIa
be crushed. and ,he nr.,odv If the nuhs
lie revenues given 10 them for their own
purposes Of speculation. The politicians
in return. REQUIRED tbs aid Of The banks
10 overthrow the administration Of the
pc eople's choice, and CRAFTY The loneinps
Of their vauItinQ ambition, for the hipb
and promiuen, places ofthe land. Az
arice and ambition. The desire Of moasy
and the thirst for Office were bunds suf-
ficientlY strong 10 unite these lesguers
in common crusade against the party
that supports the principle Of equal
rights. The Banks had realized i'm,
mense gains from The use Of the public
moneys. without any corresponding ad
vantage to the people a. large.
They had made other and far greater
profits by the alarming privileges and
unregulated nature Of the banking sys-
tenn. They had annually drawn IRON
the people Of the U. States, in the shape
ofiaterest and premiums on bank loans
and discounts, q sum not less than thir-
ty milIions of dollars. This, thew had
been enabled 10 do by their privilege Of
Of furnishing the circulating medium. OF
the country. They were therefore, yery
naturally hostile TO the Independe e o,
Treasury plan, by which the taxes of the
people, instead Of being sure ndered ia
the banks for the private advantage Of
those institutions. are kent in the con-
stitutional treasury Of the United States,
under The control of ,he people them.
selves. They were also hostile 10 an,
measures, whose tendency nigh, be to
bring into circsls,iop greater amount
of the precious metsls. and ,bereSv lee.
son the proportion Of back paper, from
which they derive their gains
1t is no. wonderful therefore, tba
when they had once resolved TO pursu,
,hoir own private advantage, wr,hou, r,
gard to the public eood, they were founc
willing 10 make. if necessary a ,eupoya,
~ and par,ia, sacrifice Of present inter.
est to secure an increase and perpe,uit,
Of privilege. Thew had witnessed III,
powerful effects produced BY the repeat
ed panics and Gressures created by ,b,
Bank Of tho u. States, ELECTS wb,cl
they vainly supposed the democracy ba,
only been able 10 wiibs,tnd througl, III,
unassaiIable popularity Of The Hero O
~ Orleans. That great nan haviDI
retired to the shades Of private life, they
lent ready and willing ear TO the be-
lief, that the means which had proved
insufficient to overthrow bis administra-
lion could not fail to PROSTATE that o
HE successor. They entered therefore
without hesitation into the plot to defeat
rhe democratic party at the approaching
Presidential election, by reduction o
prices and creation Of hard times, which
we're to be diligently charged upon tb,
administration of Martin Van Buren
10 effect this object, they commenced
repid curtailment of their circulation q.
bout the first Of Jan. 1889, and in tn,
cou, se Of the. sncce sdiDg twelve montbs
withdrew from the hands of the people
over 81 millions ofbsnk paper money,
while the great institutions of the east ia
creased in the reduc,i, n, by transpor.
ing large sums Of specie from The u. S,
TO Great Britain. This cur,ailment Of
The circulating medium is still going on,
md now at the end of little over year
md half the reduction amounts Ia
more than thirty millions Of dollars.
But, it is not in general view of thi,
cur,silment, that the design we have
spoken Of is most plainly discoverable
Il 10 ye, more certainly apparent 10 the
fact, that in those grea, States 10 which
be resul,s of the coming elections are