The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1841-08-12

chronae of potash prussale fpolash gauber salts ro-
chse salts; edIphals ofqnnine. re6aed ssllpoue."
This Ell, conhnued NJ, b. il lha Ilsl Of fa-
v0rsd articles! This is thenve OF the nev
powerS for the people! this The relief which va
come here to granH THE the mode of relieving
the national distress for which this por,enio1s
session was convoksd! Forty articles eIemp-
ted from the new tariff, and not one among them
fof which the producing classes would give a
straw. Poison, physlc, gewgaws, jeWery,
make up the important lisi.
ls not this new tariff bill, eSpecIslly after the
losnIbills, an oppression upon the countryl Is
not this list ofexcepted articles 40 insult to
the peOplei Do the people know what we are
abouR That taxing and borrowing is our main
occupation. and that this short session is rap
IDLY earning for i'sefa a complete title 10 the
execrations ofcvsry patriot heart But | for
bear, and will only assure the people of Two
thIn9s in relation 10 thus new tariff. firA that if
the Democracy had continued in powrv, there
would have been no tariff bill Of any kind 1T
this time; secondly, that when such bill dad
come, the necessares and comforts Of life, in
stead o. bearing the burthen OF taxation, would
have been the favored and excepted articles.
The next provision which these economical
gentlemen make far themselves, is the loans
which are proposed for building up their Bank.
The States have had such ino luck in going to
Europe and borrowing Douey TO establish
banks upon, that We must try the same eSperi-
meni. No matter for our poor Constitution,
which never dreamed of borrowing money TO
bank upon; no matter for the lessons of politi-
cal economy, which oOademS all banking bot,
toned on borrowed money; no matter for the
experience Of the sge; our new administrators
must hurow, and they Rust bank: end for lhia
purpose we and three entries in tbsir new
books: first, alsaH often RIillions Ter tho first
sihsCrlptlon 10 lhe capital, on twenty yeara'
time. 81 FIVE per cent. interest, This makea
the interest equal 10 the principal, to wit: twen-
'y m'llons, and allowing ten per cent. for the
incidental expenses Of collecting that sum from
the people, the burden imposed upon them BY
this Srsl loan is twenty-five millions OF dollars;
secondly, the United States 10 TO take the third
part of the twenty mons increased capital
when raised TO Fifty millions (Which will soon
be- and TO raise il by Iosl on ths same terms
and for the same time. This woad be six
millions and lwo-lhirds for the principal, tho
saN,e for The interest," sud ten per cen, for iR.
cidenal eIpenecs; in ell, Sli, ,333, 1893. Ia
the third place, the United States are to take
the enc third Of the thirty three aud one third
millions reserved far private stockholders, It
not taken by them in thros months after open.
ing the books Tba, it will not be taken, ~
cenSu. Europeans will be shy ofa Uoed
Slsies Bank, after the infamous manner in
which they hsve been delisuded by the late
Bank and come o,hers. The idea of the RE-
PEAL will keep of all real capitalists. Job-
bere. spectators, and gamblers will take lit
tie, in order to get the privilege Of helping them
selves to much Out Of the public funds 10 thu
bank. They will pu, in thousands, in order 10
take out mions and thus his contingent sub
scripton will fell upon the United States, and
10 10 made up like The two former, by borrow
ing for twenty years; al FIVE per cen,um inter-
est. The principal 10 this th,td subscription
may be eleven millions of dollars interest
tho same--add ten per cenum for inclGentai
expenses; in all S24. 100000 ..,.
The totaity which the Government may Dor
row 10 pay up Its three subscriptions to this
rev tangled Fiscal Bank, is twenty seven mil.
lions and two-thirds, devolving thereby u bur. f..
then upon The people Of more than double that
amount know tho argument of those who
60 for those loans, and who consider il a great
money shaking business for the Goveremcn, 20
SOrro~ from the EngI,shal 6ys per cent. and
to lend 10 lis clizeus at six; know their or.
gument, and that It lie The true and verilsble
derivation sfthe fable ofthe milk maid and her
bnskei OF eggs, tho catastrophe Of which ia
known TO little children by reading, end 10
grown men by banking; and which, il seems,
tho Federal GOyerDWent must now lesrn,
through the fate Of the Fiscal Bauk. TMr. B.
here Irad the fable OF The milk maid snd her
baske! Of egg', for the instruction Uf tho cham
pIcns Of fiScety, and went on 10 eay:] The
whole scheme of lhs Federal project OF bank
ing ie as unconstitutional, in point of law, as
il 10 derogatOry in character, faacious in prac.
tce, and disasIerous in termination. This Fed
erai Government was not created for banking,
and especially for banking on borrowed moi
ey; and, above all, il was UOi created TO collect
solid money, from the people, and give il TO
coFPorator-in in exchange for paper money. 10 be
circulated TO hs exclusion Of the constitution
al currency. But lei US go on with the uqui-
~ on hand. s,-l..
inow come 10 tho third snd lsst class ofen.
tries in thess new bookS. consisting Of mon
eys, vested, squandered, or given away; or at
tempted to be wasted, vquandered, or given a.
way, by those economical gentlemen whose
promises before the election were 80 msenH-
cent, and whose performance eince ie 20 rIdic-
lllols. The fret item unher thia In., h.aJ =.