Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1842-01-28
From The Ohio State Journal.
THE RESUMPTION BILL.

oil resumption through the Senate, and
feeling that no assistance Of a similar
kind is necessary in the House, we nav
be permitted TO embrace the occasion tc
define our position on question OF sc
much importance to the people OF Ohio
The State Journal has been seen tc
argue in favor Of rcsnmp ion, bDt It's
arguments were orthc Loroloco stamp
and were addressed to the Locofocos.
we saw, with a lively sense Of The dan
ger TO the Wing cause, that certain Lo,
CoIoco Senators were shrinking from
the test of their own principles and
man(esiing disposition 10 escape from
The implied pledges upon which they
had Wormed their way into the Legis-
lature. The Statesman less willy or
more reckless than usual, was laboring
to drive them squarely up to the work
IN hand The bill to enforce resumo-
lion met with unAccountable delays. 1t
was generally known here that the
bank influence in the party was opposed
10 resumption, and was making sirenu-
Gus exerIions TO change the features Of
the DILL, secure delay or postponement
and thus render the process inefficient.
This it was calculated mig b. done by
uniting two or three bank LocofoCo
votes with the seventeen Whgs-that
thus whilst the majority Of the party
should seemingly keep their faith with
the people, they still might escape the
consequences Of carrying out their rank
radical doctrines, and hold the Wings
as body responsible for their own ne.
gect Of duty. Tais prospect alarmed
US, and we resolved at once TO put in our
oar. The bait took Our u0ice IN favor
Of resumption, aud the silence Of tho
Wings in debate in the Senate, produce
ed the designed and desired effect. Our
eXhoftall0ns, as we expected were co.
pied into The Salesman, and read TO
the recusaNt Senator's in their places,
10 drive them back into the Traces
Compromising with "Jupter Tonans,'
for the 4lh Of March, instead Of inslan.
taneous resumption, tho bank hocolocos
yielded 10 their fate and concluded to
shoulder the load They have done
so, and now upon their heads be the
consequences.
We do moi, in thus explaining our
course, wish to be misunderstood on the
abstract question Of resumption We
arc not particularly opposed TO resump.
ton, bat We prefer that our opponents
shoII take the responsibility Of enforc-
ing it in their Cwn way, and in accord
auce with their professions on tha stump.
As an abstract principle, immediate re-
sumption is right-but unaccompanied
by any o'her measure to break the force
OF its fall, it will crush the best inter.
osts Of the Sato to powder. The do
termination 10 resume, imposes upon
tho Legislature tho most solemn obi
gQtions to connect il with other mea-
sures calculated to relieve the people
from tho terrible strain TO which they
must BE- subjected, and to preserve them
from being buried amid the ruins Of
those Institutions which are part and
parcel Of themselves. Nothing would
have so eHeclualIy smootbed tho way
to successful resumption, as the adop-
tion of the State Bank scheme recon
mended by Gov. Corwin and perfected
by tho Wing representatives. in the lie.
Qisalurs last winter Next TO that,
perhaps, would be an act TO extend the
charters Of the existing banks, until we
could 90 to the people again on the ques
ton OF State Bank--to be based upon
safo and approved principles, But re-
sumption alone, unNided, forced upon
the banks by on inoxorable legislative
enactment, at the most untavorabe sea
con Of the year when no productions
were going forward to market for which
specie might be returned, is a fratricidal
acl, and will Gil Ohio with distress and
6esoalon before it has been in ope ra
tion one month And after Nll-aler
II has prostratcd the banks and crippled
tho business men Of the State, in a vain
effort to comply with the acquisitions Of
the Legislature, il must inevitably fail
Unless, indeed, tho banks set the law at
dcfonce, and endcNvor to gain time by
appealing 10 the courts-N course which
WI shall be the last to justify they
must expire undor the operation. Pay.
mcnt Of specie will 'oon exhaust their
resources, aud liquidation must follow.
III her will contract tho currency, and
deprive US of tho notes Of our own in
sri'urionA Liquidation will depreciate
our issues at once twenty-five per cent.
and ono million OF dollars will not re,
pay the losses which tho people Of tho
State will sustain on the amount of pa
per now in circulation.
Thus il viii be seen, that whilst we
have been acting with The determine
tion to provcnt the Lorofocos from evnd.
ing tho issue which they hnvO only to
t,nnk lhcmscIycs for mnk log, it is far