Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-04-12
From the Cincinnati Enquirer.
nISTDEC0

CURRENCY DIST TKESS.
The Gazette has recently made tour
mot like DR.. Syutax, in search of the
picturesque-but in search Of distress
The Gazette found labor without employ
ment, and groceries without demand:-
and the Gazette exclaims, "And what
ought 10 be said of the miserable legisla-
ton, how ought we to feel towards the
paTtizan Legislators, who have brought
this evil upon us by tampering with the
currency? For our part, we hardly dare
trust ourselves to speak OfeithSr."
For our part, we wonder how the. Ga
zeite dared to venture into the presence
of the working and trading men of this
community to inquire after business and
wages, after the pOmpOus promises offine
times to come, ,as the consequence Of whig
victory in 1910. But he who can pen
such passage as we have Just quoted, is
endowed with an insensibility either Of
shame, or of meaning--a happy uncon-
sciousness of ideas in his own head--Or
of feeling in others, which protects him
more etlectually than
'' Brazen stud and tough bull-hide."
The whig Congress adopted at the ex-
ira session, srCry measure the tchig par.
~ promised the people, but quarreled
about one which they did nOI dare to pro-
mise. And now a whig editor will (in-
stead of hiding himself) go about to as
certain the increased intensity Of public
suffering, 10 publish it as an Sfiect. Of
single measure Of single State, land
that measure a resumption Of specie pay
meits,) on which 10 accuse his political
opponents, "Tampering with the cur
reECy" is the crime Of democracy; be-
cause banks are required TO comply with
the laws, Banks may expaRd aud sus-
pend at pleasure, but that is not tamper-
ing with. the currency. But TO require
obedience TO the law--tO enforce the full
filment Of promises, I" compel the pay
ment of debts by the debtor, who vaunt-
ingly PrOclaims his abiliIy--tO resume
this is the mighty wrong and ruin, at the
contemplation of which, the tUmid patri.
Otism and swelling sympathy Of this ora
Gle grew too big for uttersnce,
Before, however, the indignation Of the
Gazette became unspeakable, its wisdom
succeeded in expressing the following:
''Currency is the measure Of value -
II establishes the value of lands and wa
ges. Fit be so far expanded as 10 meet
the wants of the community, properly and
wages rise; il il be contracted, and as il
il contracted, they fall. Here, then, we
find the cause of the suffering and ruin
which st are us IN the face"
Well, if this be so, then Indiana ought
TO be the very abode Of prosperity. That
state has at this time a circulation of
about three millions Of State Bank paper,
and one million Of treasury notss--more
in proportion to pOpula,ion--faT more in
proportion to her trade--than Ohio had
in the day other greatest expansion. And
the Legislature Of Indiana has provided
for the issue of seven hundred thousand
dollars more Of treasury notes, and given
to as many companies as will take her
public works the privilege Ofissuing sew
sral millions besides. Now, what is the
rate Of wages in Indiana? How stands
her commerce aud credit? Will the Ga
zette make tour across the border?
"Oh! Star-Sysd science, wilt thOuwandsr there,
To bring US back1hs tidings of despair"