Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-07-26

lyou.p The Legislature beng composed
of men who think the potlage better
! than The birth right, and who would fajn
al the idea of being called 'shard money
men, grant Of course the boon asked fol
aud fifty other grants to bank, through
out the Slale follow.
d e and F aremerchants. G. III. and
n I, are mechanics aud tradesmen. The
merchants believe that supplying the
neig ghborhood with so many necessaries
aud comforts Of life, is Just as respectable
and useful as banking, and the risk also
great. The mechanics think thai the
i buildingof steamboats, and houses aud
temples, in which to worship "lhe only
true and living God,n is Just as necessa,
ry as either Of the others, and they, there
fore, also, wanta chance Of experiment
ing at the expense Of the public, and
the preservation Of their properly not in
volved in that particular business. The
Legislature IS told by the merchant that
r. if you do not grant US this exclusion
! from risk as you did the banker, we wont
sell merchandise; your wives shall never
have another new dress, nor a new bon,
net! lfyou do not grant what we ask
we will callyou the "home made faction, !"
or something else equally moDslrous!-
The mechanic tells the same story
he viii build no boats, no houses, no tenn
plies Of worship, unless put on an equal
footing with the banker.
Now what would such Legislature do
/ -7ioo inhecAe TO do right from the FIRST
and on principle, aud perhaps too COW
ardly to continue 10 do wrong. Take
either horn Of the dilemma, and to where
would such fatal errors lead US. And does
any one suppose that ia an investigation
\ Of this subisct--the discussions that are
continually exciting free people, jeal-
GUS Of their rights and Of their honor,
thessq questions can be avoided. Whist Is
SO great stimulus 10 industry, frugality
and caution in all kinds Of business, as
tho continual liability and responsibility
Of errors and mi5stsps. 1t is this great
check that suslains aid restrains business
wiIhin ptuden', just and prosperous Inn
us. Cut away This responsibility and re-
| straini, and bankruptcies would swell 70
Il feasftll height. And the correcting in:
luance waui inside from the important
and never 10 10 yielded principle Of
equality in free country, be as power
fu in banking as in any other business:-
It would Of course not make all bankers
honest. He that hopes 10 live 10 see
that day will hope in vain. But 1t will
draw around the banking business
such cdnliaaed watchiags, guards and
checks; that robbery and swindling will
be in soue measure restrained. Bank
ers, instead ofsmskug large swells and
loaninp hundreds of thousands to a few
at great risks, and which'g generally end
Fin osses,--wiIl extend the theatre of
4 their loans among actual business men,
in smaller amonnis, and where they
are generally safe, thongh the. proGis TO
the bank nUi aIwt tys equally large This
would be the necessary elfsct, and the
mosiimporiant 10 the stockholders them
| selves, as the end will prove, il lried,--
This individual liability seems 10, be the
great head aud front Of the offending OF
rlle last Ohio Legislature, Ito which the
banks, through yuu, their attorneys ysin.ofm
us, they wdl not submit But mark u,
II lie banks ,nll be glad enough toget char
ters, with this saiiIlary provisions. when
they ascertain that the people are deter.
lnned tu pass their ownlaws, rnd enforce
Them. The e.liabiiiy does not affect the
banks until thele is suspcnsioa, and q
refusal to pay, and The eleclis 10 have Y
so effective as 10 prevent the possibility
!. of ever witnessing another catastrophe
such as we are row passing through
lh should be held over the banks as q ter.
II ror to secure US from the dire calamities
held up BY you to our view, 10 mislead
(. The people. and entrap them in the coils
/, lfrom which they are just escaping. We
! have beard it again and again reiterated
tthatths hanks would accomplish ihell
! purposes through the very necessliei
they have themselves crsaled. That the!
! will attempt ths, we have no doubt, To-
4 thew have been in the political field 70
"a wears, and there is no pFospect now tha
: Eshey will syeF leave that field Of strif'
= while they have existence, { they ar
] no, fighting for themselves they are for 4
National Bank, Of something else Of ape
Il cuniary character.
s This slang with whicha great part Z
wi your letter ahounds. can only Feeeii O.
a Yourself, andls d very shallow device I
a escape from lhe unpleasant dilemma I
!, which YOU have found yourself The p
e L one prepared BY yourself, and 20
" Iswo,ild look beilerif YOU would preserv
% the temper youstatled withsIn lFien'
ii N eplsiie closing wi,hthe brotherly en
ID brace. yours In the bondso democra.
$ as yes,; Ihops i,s t.as yeti has not q
Va parted, III your temper has. ! have g.
gt en- You sIl scope for changing, as lw
pu we'll aware OF your propenaiuesa IN y
m s.o n n alI lI-nrabahilifV vonf fourth |,