Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-11-02
From the New Yo.s Eyening Post.

The O.d Merchant, who sends US the
subiDined article, speaks sensibiy:
The ExcuANsEs AND CURRENcY.-ii
merchants will condescend TO understand
the true principles Oflrlde, the hue and
erv for United Safes Bank will cease.
Ii is not wanted, either 10 correct the cur.
rencY or regulate the exchanges. have
long done business, here and at the south
and know what say. Let the merchants
themselves resume, and all tho officially
vanishes. Let invoices for the South and
West be made out at the prices based on
specie, or notes of specie paying banks.
Let all bills be drawn as payable in spa-
Gle, or bills OF specie paying banks.-aIl
purchasers ofproduce in specie or specie
paying banks; and my life on it, the whole
currency is at once corrected. II is the
msrctantS, and not the banks, who are 10
resume. Ths moment men offer depre-
ciated notes to pay their bills, and have
to pay the discount, they will turn ON the
banks, and compel them 10 redeem their
notes. The law is open To the citiz4ns,
and every suspended bank can be made
to shut up by creditors bill; but as long
as the merchants receive and pass Their
dislonorsd bills, no one is induced to fall
back upon the banks. Ifmerchants will
receive and pay away The notes OF suspen-
ded banks only at their specse price for
tUelue months, and there is bill of sus.
penced bank in circulation, will turn
Wing, and go for Henry Clay and Ma
tional bank to regulate the currency-ab-
suld as it is to regulate gold and silver,
except by the demand and The supply in
the marketofthe world The merchants
OF Macon, in Georgia, have hit upon
the true expedient, and they will sue,
coed.
Iagain repsat that the merchants must
resume, aud the banks cannot he p it,
That Is tie true regulator Oft1s currency
never to receive or PGy baHk bills creep
at their specie udlUe. Cotton has a spe'
Gle value; it is sold for specie 10 the Eu'
ropean consumer; so is rice aud tobacco
They buy and sci! it at specie prices, and
the banks, finding their poPer will not
bdy cotton ,SSclal par, unless they resume
must do SO, or be sued to insolvency.
The moment the banks are sued. they
must shutup. Ths great Ulited SiatIs
Bank had 10 make an assignment the mo
ment judgments wers passed. Now, Sit;
have told you all that is wanted 10 regu
late the currency; and, let me add no sol
vent merchant will object to it,
AN OLD MERCHANT.
P. SIN Savanna Georgia, where the
banks are suspended, the Wlig ricke,
has succeeded. In CharIesion, S. c..
where The banks pay specie, there are No
Wings. Why's
The plan suggested in the communea.
ton of our friend, the Old Merchant, has
worked admirably in Michigan, where it
was taken up by The farmers, and where
being rigidly followed, it purified the cur.
reucy of the state with Astonishing rapd,-
ty. Tne farmers would not take dupre
ciated notes for their grain; their grain
was wanted, and tho consequence was,
that the. GdrmeCs we're paid in specie OF
notes of par value. In Wisconsin, also
where the same plan has been tried. the
deprecated paper which had passed from
haud to hand tor years was swept ont o
thu Territory in an incredibly short space
Of time.
The good effects of adopting this plar
in Georgia are thus stated in lhe Charles
ION Msreury:
/ "lHE MAOoN SPEcIFIu This greal
move OF G7orgR is Destined to work .
complete cure oflhe evlh- h-of the curron'
icy. Already exchange on Augusta is