The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1841-10-07
, From the Globe.
DEMOCRACY AND THE CURRENCY.

DEMOCRACY AND THE CURRENCY.
The defeat Of the Regulators al tho late
session Of COngress, makes i, the imperous
duty of the Democracy TO commence mmed-
stely a vigorous, system Of reformation in The
paper syslem. Banks must be brought into
kubordIbalon law: they mus, be made 10
obey lhe laws Of the land; and those require
them to pay their debts.
The suspension of the Southern and West>
ern banks have now continued near four years
with lnlle inlermisslOn, from May 1887, 10
the present time. Judging from all presen,
appearances, IT. 10 the dtslgn Of The Clay
Wings, and of oil the lnsolyeUi and political
purts of ihe banks, to continue tie suspension,
for tho purpose OF making the people believe
that there can 10 no resumption WITHOUT .
National Bank.
The Bank OF the United States. vbose ex-
ample the reAt made q preiext for suspendng,
is nos dead, and no one can longer look 10
her to take the lead in resOmug. No one
need now 10 quote her example.
The. new crops are made; the season has been
boun,tu'; specie is sbundaDt in tho country,
aud foreign exchanges a'e IN our favor. The
bank that cannot resume no" isinsolvent, and
ought TO be exposed aud would up Every
soisent bauk can now resume. What, then,
prevents resumpuou2 We answer Two things:
first, the Whig party who are for increasing
aud perpstuairpg the eyIls of deprecated pa
per 10 order 70 have 40 argument for National
Bank; and, scsondly, thelnsoIgent par, Of the
banks, who have their own lntirmilies 10 hide.
These constitute the opposition TO resumption;
aud are they TO prevaill Will the Democracy
suffer such unhoIy parties 10 prevail over law,
morals, and governments
The late session of Congress- has exhibited
tho designs Of Federal WhIggery in The most
| garing colors, as fatally benton The de.erlo-
| ration Of the currency. They did every Thing
| 10 degrade and depIeciate IL Their votes en
the District Bank charters are the lrue exam
Publications. of their principles, They voted TO
rscharter banks'in etato Of suspenslon--to
authorize them TO do their business on the pa
per of suspended banks-olhets as we'll as
| their own; aIsosio use small notes, down 10
the smallest. and 10 use notes OF any interme-
d,ate denominations between fiyes and tens,
and between tens and twenties. Under this
authority the banks, if ihey please, may deal
exclusively in deprecIated paper, down to a
ceni; for they may make their intermediate
notes what they please. This is Federal Wing
1 gery--delermIned, and wickedly determined
on the debasemehl Of the currency 10 promote
their. own 0nboly schemes, TO the Demo
,cracy j, belpDgsto ''head" them. The Demo
cracy must. therefore, goto work. They mus
work every Wherein the press, in publ
meetings.; in constanl conversations, ID tn
elections, inlhe Legislatures; every where
ia fact. Where they are the majority, the
should act who're the minority, they shoul
speak. 'e ffs3s2Eae.t sta s4a' 4'3,,
BY acting where they arc the majority, an
speaking where they are not, the Democrac
may coerCe resumption as soon as the Sta
Legislatures meet This, for mos, Of then
will be the same day on which Congrsi
meets. II The banks resume IN December
January, the Federal Wings in Congress VI
'lo6se lheir muin argument for national ban
The, them they will endeayor to prevent, al
acontest will take place ali overihe Union
tween tho pargies on this point; the DemCcr
cY aiming atresumplion, because il is riahl
Itself, and win kill lie main Federal arg
nent for d Regulator; the Fcdefalsls s,tivi
against resumption, 10 saYe their main orp
4 meni, and oil the nsoveps aud polIlieaI ban