The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1842-01-20
From the Ohio Statesman.
BANKS THEIR BAD CURRENCY
LEGISLATIVE DUTIES REGARD
ING THEM--WHiG DUFLlCITY-
THEIR FALSE CALLS ON CON-

IhEOO, CC
Like Hypocttes Of old, modern coon skin
wings have seen moies IN the eyes oil DEM
ocratic Congresses, because they did not reg
ula % tha bank paper currency OF all the States
N The UulOn. They should know that the
word currency, is not used 10 the United
States Consttutlon, and then they would learn
the folly and impudence Of calling on Con-
gress to regulate subject not mentioned, nor
even hinted at, in the great charter OF national
powers. There is as much folly and weakness
an such call, as there would be IN a call on
Congress to regulate the the winds and storms;
for traly, Congress has as much power 10 con-
troll all tempests, as il has TO regulate or con-
troll the bank mole currency OF the several
States. On the part OF wings, this call on the
national government has not been The result OF
ignorance has not been wiIIfu and corrupt in
tending thereby, TO bring the democratic Nae
oua Legislature into contempt and disgrace
among the people.
~If4hat party will cast the beams out of their
own eyes, then they will see how lhay have
pressed Congress to do an unlawful thing and
10 pass an Unconstitutional act. Let them
clear OUT their own eyes; then they may see
the NOTES 10 democratic eyes, if perchance,
there are any. Tho same party, IN Ohio. have
uniformly opposed lots viribus, all the efforts
heretofore made by The democratic Legsla-
iures TO reform the banks and their currency
This, they cannot deny. They have main
tained that all the State banks are fully out of
the reach erthe Legislature, which gave them
existence, and that it requires greater power
TO annul charter, than that exercised IN crea'
ting it. But is il 500 He that creates can an
'nGl the thIng made, if there is any truth in phil
eosophy or in religion. Look at the in-consls-
teDcy of the whig parlyl They call on Con-
eresa to regulate the currency, when they
know that Congress has no power TO do 1t;
and they have violently opposed The Leg'sIa-
tsre of this State, in all their efforts 10 regulate
the bank currency of the State, by compelling
the banks 10 be honest and to pay their debts
in specie, when they know that the State Leg
isIaIure only, can effect that which they call
on Congress to do. Shame on such lncon'
sistency! Can they last any lOnger2 Is moi
'ehe Chief Magistrate of OHIO at The head OF
those who cling TO their Inconsistencies and
ebsurJnies, lust menlionedl If he is opposed
10 S, ate bank reform, he is opposed 10 regu>
eton of The bank note currency in this State.
He mus, answer for himself, TO the people OF
Ohio, on this subject! He is doubtless a vos-
-ted-right man, and for this he must also ans
wes. Who has created all the base and much
edespised currency of the'soulhern, middle and
western States? Was II not the Legislatures
Of those States, by the insIrumentality OF their
bank 5? and are not these States responsible
for The conduct Of their banks' al least, so tar
a. 10 make them honest and punclual, IN The
discharge of their debtsl What legitimate
,noney is base, and in many instances worth
less. 10 the United States, except bank notess
WI the wings of Ohio teI!} What other cur
raney needs reformation or regulahonsE WIZ
that party cay? Where, and by whom, is this
base currency 10 be regulated? By the max
ore. or by the ,eceiyers?- ?-Wi the Simon pure
party declare openly on this subject! The
,peope are requested to listen, Peradvenlure
sonfs whrg, or wings, may answer!! Away
with all the hypocri'ical cant, TO Whlcn Cas's
any burden ofregulatng paper currency, On
Congress! 1t is dishonest and dishonorabIe,
tsssk Congress to regulate State bank note
currency. If, then, there is left with that par
~, any love Of country any high or honorable
desires tIlat the paper currency of this State,
{now very greatly below par should be reg
uateO anO reStotou to par 'dIueS HOy "'"'
without hesitation, walk up boldly, with The
honest democrats in the Legislature, in regu>
fanng the bank note currencv. On this subs
iect, how can honest men diffar2 The great
object is, TO save The people and Slate from
distress and disgrace, and what more exalted
work can the Legislature be engaged mi
The wings of New EOgEaud did not oppose
the appointment of bank commissioners, nor
did the banks refuse to be searched by them, as
with candles; and why have the wings of0hio
uud the backs, or any one of them, resisted
such scrutiny into their uffars2 ln Ohio, at
This point, the vested rights of the banks were
tu,erposed. This, for a time, set legislative
authority at defiance! 1t is, doubtless, in some
measure, owing to the saIutary effects Oft
bank commissioners, that the New England
bsnks now MAINTAIN standing, truly high and
elevated.
Let il be remembered, and never forgotten;
fOhio shall ever be blessed with a good,
healthy and s und currency; il must be effected
by compelling ahe Banks 10 redeem their notes
on demand, with specie. The ingenuity OF
man cannot devise any other means, to accom-
pl,.h this much desired object
Ir.would be better for Ohio. 10 be deuged
by the waers ofthe Lake and her rive's; than
.L.-.:,t,. ~ !. ~ rnaa. datn0a Xuhich m an