Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-03-22
From ,',e Sat &c nan.
T TUlU Z It OIdIU1 UdII'
ADJOURNMENT OF THE LEGIS
LATURE.

WOTIpHgfdIteT beSSlOU OF LHlIteHH WSekSs
THIS session has beeh one OF the most
importent ever held in Ohio; and we feel
confident, that the constituents of the
majority will bestOw upon them the
need of ''weIl done, thou good and faith.
ful servenis." What contrast DIES our
State now exhibit, TO the time Of the ad.
juurnment Of the last federal Legislature.
Then the RETURNS loudly called for BY the
people, and promised hy the majority
were disregalded. and the Ohio Blnks,
setting alike The principles Of law and of
honesty at detiance closed ihoir doors.
and refused to pay their honest debts, for
the reason they could urn penny much
easier, by the depreciation Of their own
paper, than by redeeming their promises.
The result was foreseen. Exchange on
eastern cities ran up to six, eighteen and
fifteen per cent, and which was so much
drawn from the pockets of the industrious
poor, The majority of tho Legislature,
which has just closed its labors, stood
pledged to reform this evil, and nObly and
CALAMITY has that pledge been redeemed.
For the first time for years, has Ohio
heen truly denominated a specie paying
State, and for years past, have the men
who controlled the banks, laughed 10 scorn
what they denominared humbug loco focO
bank form Jaws, aud we now find them,
after being wcrsted in every conflict with
the people, bowing with submissOn TO the
popular will, and in convention resolving
to obey the law. This of itself. is glory
enough for one year The ra.e OF ex.
change is reduced SOME ten or twelve per
cent, shinpIaslers are msasureHbly bauish-
ed from circulation, and the vacuum thus
created, filled BY the precious metals
Blue, red and green dug notes are follow.
ing in the train OF the departed shinpas
ters, and we, not uufrequently see adver.
tisements for wheat, and other produce,
for which silver and gold are offered in
payment. The federal members, as was
the case with Mr.. Nash, one Cfthe direc
tors of the exploded and fraudulent Cali
polls Bank, boldly avowed that they were
moi opposed TO a Shinplaster currency
The Democratic members have joined is
sue with them on that, and other questions
connected with bank reform, and no man
in bis sober senses can doubt the verdict
Of the people.
The General Banking law. introduced
by Mr.. Latham, will be read with interest
by the people. Embracing, as it does,
the safety fund. and individual liability
principle, with other safe guards which
dearly bought experience has shown the
necessity Of throwing around institutions
which short time since aspired TO no
divided empire, and which now wOuld
willingly lull the people into forgoIfulnoss
Of the past, tha, they may carry their
schemes Of inordiEale ambition for the
future.
The question Of fprnviding for the pay.
meni Of the State debt, and TO complete
certain works Of internal improvement,
was one that engaged the most serious at,
tsnlion of the Legislature. The bill for
this purpose passed this morning, and has
now become a law. 1t will be found in
our paper oftOday. AS yet we have not
found time TO read it. The Wabash, and
EriG, and Miami Extension canal lands
have been ordered to he sold, and the prO-
ceeds directed to be applied to the puF.
poses originally intended, and will no
doubt give relief TO the contractors on
these works, and those who labor for them
and whose situation under the administra.
Iion Of Corwin and Kelley, is reported as
deplorabIe indeed.
For business habits, for talent and inieg
ny, majOrity of fthe bOdy which has jus
closed it's IabOrs. will compare with anS
which preceded it, Tbs minority parlic
ularIy in lhs lower branch, with few
honorable exceptions, was bold and reck
less, even unto desperation. Their effort
proved unavailing, and although the!
were enabled In keep off large portion
Of the business until late hour, yet mos
Ofthe important business was finally car
ried through, and the disorganizers frus
| Uatou IN ih6IT dtt6mPt'
A case in point was furnished in tbs
senate this morning, which, for basenesS
has never found parallel in our Ohir
Legislature. A bill to repeal part o
the charter Of turnpike company, wa
about to be passed On Saturday night
when Mr.. FOos asked and urged that !
might DO reeo united to him, as selec
committee Of one. Upon Fnos pledgnI
himself that his only object was to MAKE
some amendments, and that he wOnld re
pOrl il back this morning, Mr. Ho!lne
who had the bill in charge, and wsas''
constituents we're deeply interested 10 u
passage. consented. FoOs on yesterday
started for home, and this morning, Mr
= T. . Ne la 3