Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-01-12

6Or0 g0vemment enufeiy tFeeu from
evils which are ever prone TO accumulate .
but how near have We approached, or
hOw rapidly are we approaching, that
point, where the embaFrSssments or pub.
lie burdens imposed upon posteriiy are,
or will be, Of such a magnitude as 10 be
considered worthy a place ia the scale
against existing faith and existing insti-
tuIions! There always has been found
scale, in states and nations, as there is
youth, manhood, and al old age, in
individuals; and the duration Of each
has been propOTtioned to the care and
attention which has preserved the con-
stiiutiOn of the body polite, as well as
the man, from the early and fatal inrNadS
ofdiseaae, The ac9umulatiye characler
Of public burdens is one of the most seri-
Gus diseases byWhich the vitality of free
institutions can be attacked; for no gen.
eralion will do more than to change the
character of these burdens, removing
them from one position 10 another,
where they will be more easily borne,
whilst another is 10 come after, upon
whom they can entail them; until, at
length, the confidence and satisfaction Of
the public mind is destroyed, and public
liberty, weakened by long continued en-
durance, sinks beneath the weight Of &C.
cumulated grievances, a victim 70 the
power Of money, which has subverted il
under the guise Of FpubIic good" y 4
But the remark have quoted, with the
argument upon which it is based, gives
10 The character of our public debts, with
the facts which are gathered ahput them,
serious aspect, The relations Of fdebtOr
and creditor are alike in all governments
and among all people. If. these relations
will accomplish the cohesive principles
Of monarchy, in the old world, BY what
magic isiheir operations changed in favor
of republican institutions, when the sGNlc
men become the creditors of free and
sovereign states, the genius OF whose gov
ernment is At warewith their own? It's
q we'll known fact, that the large majority
Ofour state. stocks are held by British
stockholders; and while the thought is
not for moment suggested, or even en-
tertained, that the most scVupulous hon.
esty and exactness should not, for that
reason, be observed in the fulflment of
our obligations, the fact is material to the
public knowledge, in order TO full appre-
citation Of the truth, that the state Of Ohio
alone is annually tributary to Great Brit
ain to the apount Ofat least half q mil
lion of dOllaEs and to a mature consider
ation of the evils whichthe very relations
ofdebtor and creditOr,to such an enormous
extent, betWeen sovereign state and
the citizens Of monarchical, govern
Dent, may possibly, if not probably, en-
gender. al M @s,
A prominent American statesman has
said, that 1'all power Is Fesolvable into
that Of the purse;n and the advancement
Of the world in the philosophy Of govern
nent, acting upon this theory, has res'
fined the system Of extended dominion
into the power Of monsy-A-the influence
Il creates, and the tendency of the insti-
tutiOns it builds up, to resolve the sOver-
eighty of the many into the hands Of the
few. Its silent approach is at once its
abIest aCcOmplico. Whilst the people
Of these states would have risen; Ss one
man, at lhe> slightest approach of apparent
hostiIities+-whilst the cloud Of war, no
larger than mans hand, upon the hnri-
zon, would have leryed and animated
every arm against approaching Danger
all have witnessed, with perfect uncOn-
cern, the silent inrUads Of the money pow
eF, until ii has iusiRuated itself into the
very citadel Of our strength. q
On the let day Of January, lS40, twas
computed that the debts Of the American
states, the banks and other corporations,
10 British money lenders, amOuRtsd to
t,OO hundred millions of dollars, The
whole revenue Of the general govern
ment, and allthe states de not amount to
more than, seventy HiilIions--twelVe mil
lions Ofwhich; being less than one sixth
| of hesum, is annually yielded, in the
| form Of tribute, to our foreign creditors; (;
draining the country Of lie Weslth--tOm-
lpromising the very spirit ofindependence,
and eslablishing more firmly the power,
which even now makes or breaks our
credit al viii, and affects for good Or'foT
ievil through it's Influence over thesmo4.
ISyed institutions Of our own conntryl all
our currency and eli our interests. The
FeYsuuesOf the State Of Ohio, within. the
i past year, from taxation and her public
'ftyodEs, have been but little ever one lnll-
Iiiop Of dOllaEs4-moSe than halfa alTnillion
!; lof which, heing sqgaltothe sOkOEci iamoRnl
OfOGr taxation, 10 sixty days more will
: Ehavs found its-Way as interest, into the
lhands Of English holders ofthe state
II ile,ocks II, thsngit be true, that the te'
fliation Of adsbtor, (which tbs gOvenmenl
. M England holds Iethe concentrated mo-
.1ney bower as It's ycFedilOr,n enshleSths
) lhtlsrt perpstuate its own aseendhncy--
|. "a osntrCl the measures ofihat govern
Irnaas. far the haheftg Of the few, WkilS