Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-03-09
From ta' NsW YO.k Jour, I, Of Con mere.
THE CURRENCY

IhE GUKkENCY.
DID ever any body see such mu,s as
his country is in sbout the currene, =
We have been improving and improv,np
and regulating and fixing until the whole
'ltalr has gone TO nnihinq al al. Here
+" The great Regulator, which should
conIrUI every thing, and the great ones.
ton about her is, whether all the banks
IN Philadelphia can hold her up. Thai
she can borrow money! IS considered an
achievement. As 10 Mississippi, which
expanded most magni6ceniIy, 20 that the
'abks did more go@d Than could be esti.
mated, why the bubble has hurst one wsv
aud The butIom has fallen ouI the 9th.
er. Every now and then small bank
explodes here aud there. and is soon No
more, and in many that do moi explode
there are sad tokens Of unsoundness-
Through the whole country south or
PennsylVan;a, there is no such thing a.
constitutional money, and no two states
have currency alike. 1t seems 10 US
that such Stale of things ought TO teach
men TO lei the currency alone. Certain.
Iy it this is thS best that legislation can
do, the matter had belter be Ieft 10 run
wild. tom, d OK, and Harry" cannot
get up worse state Of things Than now
exists. We cannot have cenfusinn worse
IIan this, and now that the doctors have
brought the patient into such dreadful
convu'slOns let US send them all home,
and see II 'ihe operations Of nature will
not yet save Iife." 1t will turn out. when
the truth is known. that more money has
been lost by banks within the last ten !
years, th1n The whole cnuntry would have
sold for, when our fathers fought The
battles Of independence; yet the full
is not in The banks, nor the direciors.-
The widespread ruin shows that The evil
is not local uoi particular, bur UNIVERSAL.
1t is in the Sy.tem. We have waged
greIt battle with The laws of trade and
we have been severely Hogged for our
I0lIv.
I'VE have undertaken 10 regulate that
Vh el cannot be touched without mis-.
thief. Shall we go an now 10 crea.e a .
onrIh National BmkS The plan is fr gbt
ul. 1t would only be leaving to The
IeXt generation the confusion and reyo. .
uIl0h which have OverIIrUwn this. All S
hat is necessary. ia that we should be d
Onvinced Of our folly and leave currency v
itself. 1t is the easiest thing To man. a
ge in all the departments Of business 5
Congress will make bankrupt law Il
pE ch shall compel all hanks. aud all men S
. pay their debs or DIVIDE their effects b
nd then it Congress and the Safe Leg. a
'lrures will iusl let the whole ml,rer J
lone. there will grow up itself the hest Il
currency III the world. WHAT we want I
) 10 get rid Of system and Of regulation [
n 'hat every man shall act for himself ]
nd act freely, Then whatever is wanted d
: u he provided. five waG pap.r mon. c
y accredited in all parts Of the country, d
'e shall havG it. Tnen ifa banker fails W
@ will fall ont Of the ranks. Our suS. al
ensi0ns grow out Of the fact that our Ol
Irrency is managed by great system -
one Important wheel breaks, tie whole
'Rtem Stops. Lei currency become an
dividual matter like other branches Of
lsiness, and suspensions vonld be i'm. &C
'sible. When we become wise enough AT
leave currency TO take care Of ITSELF az
ter Con"Iess has discharged its cunsti I
tiunal dury OFcoining money and fixing y
e value thereof, then we shall have the or
fest aud Seadiest, and every way the &c
'sl currenry which the imperfect state
this world will admit. th
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