Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-09-28
From thsOniO Statesman.
THE TRUE REFORM IN THE
CURRENCY.

CURRENCY.
The Dero, Free Press boasts of the
reform tie iaiuers are making in The cur
Tslcy in Mchsa by reiu.ilg deprecia-
led Dank paper. They have got rid Of
their BANKS, and seem to prosper under
the new STATE Of hingS The spirit Of
Michigan REFORM seems 10 have taken
deep hold Of the editor of The Cleveland
Herald. Will Judge Wright, Of the Gin
cinnali Gazette, mark the expression OF
The Herald, "specie paying hanks, or no
banks at GH" Yet Nye's Bank Bill con-
templaled universal suspension, by the
simple proclamation oftIe GOuernOr!-
Lei the people be up and duing-mark
every man who comes before you for his
votes who has the impUdencG TO advocate
the Estate Bank Of Ohio" which is the
title OF Nye's Bill-a cunning trick to fas-
ten the rotten Banks Of Ohio on the peo.
pie under the delusiVe name of State
Bank. Read the folloWiag-is it not as.
tOplshing how demobratc wings get. Just
on the eve Ofan election, when they want
the peoples votes? But how soon after
do they forget these wholesome doc
irines:
From the Cleveland Herald.
The farmers OF. Ohio have another
work TO perform, and that is TO drive out
OF circulation the irredeemabIe papef that
now floods this State. Let them resolve
as the farmers ofMichigan have done, that
nothing but specie funds shall buy their
produce, and tne difficulty will soon be
overcome. Specie funds enough are
brought TO OHIO to furnish circulating
medium with the aid Of the few local
banks that pay specie, but not dollar in
such funds now gels into circulation a.
mong the farmers. Oar suspended banks
are converted INTO brokers' shops-lhe
Easion funds are exchanged for paper
worth only about 80 Ceu.s on the dollar
this ineonvertble papers showed OFT up
on the producing classes and forms tie
circulating medium Of the state. by this
operation the banks are able TO keep cas-
tern exchange up 10 s or per cent. pre-.
mium-iOrce their deprecated issues up
on The people aud divide enormous prof.
its among stockholders.
TINS is all wrong. The remedy is ca.
sy TO apply. 1t ID but 10 will, to do. Tie
example Of Michigan proves it.. But
year since she had the woEsT currency OF
any stale in The Ulion. Already she be.
gins 10 boast Of Tie BEST. Tho bank of
earth has Shelled out its gold issues. The
noble shareholders 10 that bank made
exchanges for nothing but specie funds.
Tue shaving broker comes not ''belwten
the wind and their nobility"
So might il be 10 OaO. Where yonng
Michigan produces lhOus Hds, rich OhO
yields her millions. She is BmphaliCal.
ly producing stale. Her hills aud val
lGys every where TEEN with staples that
command ready sale, and are sought
for in every mart. Productive industry
waves her wand from every cabin aud
farm house between Lake aud River, aud
beautiful harvess mike glad every hear.
Nor do her cili2sn5 have 10 60 abroad 10
dispose Of the fruits of their industry
The dealer comes to them, but for lhe
reason We have stated, not wilA SDecir
funds. lie casses Trough he suspr nd d
bank or the brokers' shop FIRST. Reform
this altogether; lords Of The soil. You
have The power. R9fuse all suspended {
bank paper for your produce. Make lne
question of specie paying banhS or no !
banks at all, lnu ptr,munnt one at The q
polls in October. Elect men To the leg $. 5
lature who "go 'he whole hog" for spe. n
Gle pay mens--mea whO know ihcir duy
and who do it earlessly. Otherwise The
suspension will end only with the exs.
tence Of the present banks. Nolhing is
more certain. The banks viii, moi resume t
fever 80 able, 50 long as the people W II /
use and tolerate their deprecated ISSUES. q
Experience proves this. Do we hear any +
time fixed for probable resumption by the Il
banks Of ohioP None at all. Thu day c
with them has gone by for promising, even 8
on the subject, and / is moi to be dsgu,.
sed that the local banks Of Ohio, with
scarce an exception, hsve become nul.
Sance that should be reformed or ubaed {
nl:ogelher They furnish deprecated 1
hnd uncertain currency, the best hardly
'ale ~ keep over night, when without
hem We should have an abundance VI
eastern papeC OF srecie. Tns remedy
Fe repeat, is in the hands Of the peo.
pie.