Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-08-16


Lei US illustrate the proposition by CLAN.
cling at The statistics connected with the
Manufacturer OF paper in Ohio. BY The
tables for 1910, il will be seen
that in our own state, there are IL paper
mills or manufactores-ihat these estsb
lshmeuts mako an aggregate amount Of
paper of an annual value equal to $780,
000-and that the whole number ofper-
sons employed in its manufacture is 305.
BY the application of simple rule of
aFitbmatic, it will be seen thai each mill
affords an average employment, to % per-
sons and turns out paper TO the annual
aggregate value Of S25,000. 1t is pro-
posed TO protect American paper bylay-
ing an additional duty of20 per cent. up
on all foreign paper which is now sold
upon equal terms with the article produce
ed BY the mills of Ohio. As has already
been seen, each establishment in this
state employs (OD an average) % persons
and makes paper of an average value Of
$4,000. Now a tariff of 90 per cent
upon twenty,fV thousand dollars worth
Ofpaper would odd $4,000 to its selling
price. This amount divided by % (the
average number ofpersons in each MILL J
would give dividend Of $227-bUlng
upwards of one dollar per day to each
hand employed, and gross amount more
than equal to the cost Of the entire man
ual labor employed in the mill. Thus it
WILDE seen, that the operation Of tar.
M upon tho article Of paper would cause
the public 10 defray the expenses Of the
-imanuiaeture Of the article aud give the
sowner of the establishment the gross a.
mount Of sales. But :he operation Of a
tariff docs not stop there; for whilst the
expenses ofthe manufacturer are defray.
ed by a tax upon the public, hs is con,
. stantly engaged in Smashing the profits of
the sales soon to be devoted to the pur.
3 chase of'machinery which is destined to
supercede the necessity Of FIVE sixths of
the manual labor engaged, and thus throw
out Unemployment the!veryIpersons whose
t.Jndustry" tariff laws are said TO protect,
and destroy the market for produce which
they are Olledged to create! After all
this has taken place, tho wages, formerly
devoted to the payme-cl of manual labor,
are added TO The gains OF the master
manufacturer: the whole operation tond'
r. ing daily to remove his condition still far
ther from that degree Of equality in which
republican liberty alone can flourish
In concluding this subject, let it be ex-
pEessly understood that whilst theDemoc.
Eacy Of Ohio protest against the doctrine,
held by the federal party, that tariff af-
foFds protection 10 American industry,
they cheerfully assent TO the necessity of
increased tariff duties to wipe out the |
mammoth debt which [since the 4lh of
, Ma rch, l64l ,]hSs been increased from
arve millions to five times that amount.
From areview Of protective tariff, let
us pass on and briefly notice the question
Of
BANKING IN ONO.
In considering this subject, several
facts present themselves in shape preg-
nant with important lessons. Among
them, it may not be improper to specify
the fact
lst That paper currency is not es-
senlial to the Transaction of the ordinary
business OF an agricultural State, but is
required chiefly for the convenience of
the travelling and commercial portions Of
our people. r-
2nd That in afTording this convent.
ence to part, the whole people have sus.
tanned direct loss Of half million.
Ord. That the history Of bank frauds
and explOsions,since the first organization
Of government, furnishes no instance in
which bank officer sustained a loss.
4th. That the sum Of $2l 100000 is
paid annually to the banks Of the U. s.,
for the use of their notes.-the paper cIr-
culation of the country being estimated =
at $500, 100000, loaned at7 per cont.
9Th. That the interest of these loans t
goes exclusively TO the bankers, aud if t
the same amount wero devoted yearly to 4
the encouragement of a gold aud silver q
circulation, more than one hundred mill
ions would be added 10 our metallic basis o
overy FIVE years. b
II will thus be seen that wIlilsla paper Ii
currency is furnished at a vast sacrifice C
10 the community, its advantages result o
ALMOST exclusively 10 the banker first and o.
then to tho commercial portion Ofsocielv: 81
but that tho losses must be borno by those NJ
whose avocalions in life require no assis. BE-
ance from the use Of paper money h'
Such being the fact, il is surprising that
he bankers and their POLITICAL allies m
should object TO the justice Of protecting ca
ho people from injury and holding those lii
shO reapthe profits responsible for the m
osses. 70 effect this end, the democra. or
'y.of Ohio, through their representatives. -
i Columbus have for years past attempt vo
ID 10 bring about that reform in the Sc
,anking system so loudly demanded by ar,
he people. They have contended that wi
me stockholders in banks should be re- ms
gaEued IN tho SINE light as other part, SAT
ners in trade. Mechanics, merchants and we
iraders' who Join their neig ghbors in busi. sar
ness, are held mutually responsible for tyir
lhe debts OF the company The same del
'ule of justice applied TO incorno..,;n" ue'