The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1842-12-22


strstsIt, 1t becomes important for Us Of the
West 10 enquire ~hat effect The destruction or
depression of that interest would have on our
own trads. and the general prosperity Of The
country. The cotton planters Of the South
purchase annually large amount Of our sta
pie commodities and our consumers. Should
they be compelled, by the policy of the gov-
erumeni 10 abandon or diminish the cotton
growing business and turn their attention 10
the culuVat on Of the same staples we produce
instead OfpurchasIng our productions and be-
ing our consumers they would become Our
rivals, and our markat in that qIarter would
be entirely Destroyed But The cotton growing
interest oGtle Suutl is II great nat ionaI inter
est and is one of fine p incipaI sources of our
national wealth. II caunot be destroyed or
crippled without etf4tIng, to great extent
our nJtionaI wealth and prosperity. Our cotton
exports in 1910 amounted, belle, e t. upwards
of sixty nil ions; and in former years il had
been stll greatlr, The iGea of creatng a
home market for this great staple, cannot be
realized. The manufactures of this county
consume about three thousand bales, while
the aggregate annual producSon is about two
millions. II is obvious therefore that jn re-
ration 10 cotton as we'll as wheat we are deep
" Interested in having foreign market and
.ha, any policy that would have tendency to
cut offthe forej ign market would be prejudicial
to our national wealth and materially affect the
grain growing region ofthe West
We are like Interested 10 the growth and
prosperity of the manufacturing interest Of the
NoltS and the planning Interests of the South.
Both these great interests purchase, to some
extent our productions. Their ability to pur-
chase from US depends on the sccess and pros-
perity Of their business. Holding the balance
of power, as we of the west do, between these
two Interests, we should exercise It as to sus-
ain both and not PROSTATE either the one or the
other. Our own interest," the wealth and pros.
perjy OF the Union, the harmony Of the States
and the principles of justice and patriotism,
dictate t. US this policy. A tariff for revenue
honestly adjusted for that purpose. furnishing
incidental protection TO our manufactures, it is
believed, would have this tendency: while a
high protective taiff, tOoking to protection as
its main object would be unjust and unequal in
its operations, hostile to our foreign trade, and
highly p.ejudiciaI 10 the agricultural and other
manufacturing interests.
The ultimate benefit Of such measure, even
TO the manufacturer might be questioned. Sta
biity in our nationai policy ls desirable 10 every
branch of business--to none more so than the
manufacturing inteIest. The experience Of
former years should admonish air, that the pro.
tectivs policy to that extent claimed by the
manufacturer, will not be quietly acquesced in
by majority f,hs American people.
Among the various national measures that
have recently occupied the public mind none
have been advocated with more zeat by one
porton of our feifow citizens than the creation
Of National Bank. Believing that this mea-
scre is unconstitutional and that the federal gov
ernment should btudiousIy refrain from the ex-
ercise Of ali powers not delegated or such as
are even doubtful, and the preservation Of our
national compact unimpared is a sacred duty
we owe 10 ourselves aud to post iity, could
under do circumstances appreciate the creation
Of such an institution. As a measure of expedi-
ency cannot think that "a u. s. Bank would
be calculated to promote the pubic weifare.-
Ia directing our policy In the future we should
consult the history Of the paet The admoni.
tons Of experience should not be disre-
garded and thrown away; aud we should not
rush bhndiy into a measure which has been
tiled and proved no. only On entire failure but
which IN its various influences and final over.
throw has been instrumental in defrauding an
honest eon6diog and unsuepectng commuui.
ty out Of mitlions.
With this example and instructive lesson be
fore us, what prospect of relief has the county,
from The creation of another National Bsnkl
What security have we tina, such an institution
would be placed under the control ofneu more
skIlful, prudent, or honest than those who di.
reced and managed The formerl
Money, coupled with power and influence.
has coruping and demoralizing tendency on
the human mind, and under like circumstances
will generally produce like effects. We have
no reason therefore, 10 hope That another Ma
tiona Bank would share different fate from
the former. or that ii would give relief to the
country, or in any shape promote the public
The, veto, by The President Of The United
States, Of the bank bill recently passed by Con
gress in myjudgment, deserves The apDroba.
ton. and applause Of every true friend Of his
oOuntry. as being Preservalive ofthe conslitu .
ton, and calculated to prevent, in future, rem
elition Of the frauds and numerabIe evils in
fiIcted on The country by the late bank. An
honest and vlruous community, smartiDg un-
der the wrongs committed by that institution.
will not hesitate to award to the execnliva oi