The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1842-01-20


working the mischief itself which the ordinance sought
to prevent? In government, where the power Of the
monarch was supreme, corporate grants
ry favored by the people, for they grants in fa-
vor OflDerty. They were powers taken from one s.
giVento greater number Of persons. In republic
the reverse is he They are powers taken from
the many and conferred upon the few.
Do our opponents clam 10 be Democratsl
Who has stood forth in Obiofor tho lao, GE-
teen years as the special defenders of tho o.
crOaChmeDts and Oppress'Cps Of tho incorpo-
rated few upon the rights oetbs manNi What
party has clamored loudest aud lOngest'io aus
tain monopoly? TO protect cUsidAs and avAfics
in their il"go;'cn gains by cfi5s Of 6arm and
pretended Uf what they were pleased 10 calt
spirit Of Agratiansml that has affected to find
10 tho honest efforts Of democrats TO reform
admitted abuses, en- apology for eyery one of
that eeries Of acts which have reduced tho
currency Of the State TO worthless trashl that
he's resisted, year after year, all we'll directed
efforts TO secureia fixed Slaudard Of value, and
cut off the streams Of corruption, by VeGorm-
ing lqeir GOuhtans9' What party has lavished
lis talents and resources IN inculcsting
the slaVish doctrine, that TO reform
known abuees in the only proper manner, was
10 tfsmple on tho constitution by infringing
'ves,ed rgh,s!" that proclaimed wear since,
than in twenty days after !her accession 10
power, all the evils Of bad currency would
be cured, for public confidence would be res
tored; and, as if placed under the tpe Of Al.
lsddln's lamp the whole country would ba
flooded, if not with gold, yet with convertible
paper money, much better than gold? We will
not charge them with wiIful falsehood: they
may have been made mad with The intoxicating
prospect Of victory. But we do say that what-
ever name they may have assumed, their true
style aud title was 'FEDERALIsrs;' and consd~
ering that, heretofore, whenever invested with
power, they have opposed, by every imagin0.
ble shift and device, ell sHlutary attempts at
reformation, we must anticipate ko conduct
in future; for # now seeming TO surrender their
former position, il is only because the power
of reason and the light Of truth has compelled
tho hitherto misguided, but honest mon who
acted with them, TO surrender their false pre-
iudices, and yield to the sober dictates of
sound judgement. With the patty leaders,
tAcFo still exists the old icsYen which incit-
ed them TO claim that "a law creating O Corpo-
ration was contract aud, lho:elcfe, intaBgi-
bic; and, tho, notwithstanding H capacity for
mischief, the pupreme poweRaf the Slateswa5
incompetent to restrain or remedy tho defects
Of inconsidernie legislation. Res assured this
oaEe eaven will again attempt ns Office of in
fec,ng the masses Of society. 1t may, for the
present, like the flexible reed, bend 10 the
storm Of popular Indignation, but it will do 30
in order TO rise with removed vigor al q more
favorable moment, The money power while
seemingito yield, will be taking deeper root,
end working its hidden influences. Perchance
it may le,gn 10 take the lead in reform, a3d
60 guide, 10 rash ends, tho onward move
menis, which now it lacks the power to pre-
vent. We must not bs surprised 10 find old
fede'S'ss claiming to have ever beon,par ok
Cellence the true and only .eiotmers. No mat
ter il they do go, Let us pursue the even tens
OF ot our way, and be q rule and guide TO
ourselves. We have claimed the tIgh, to rec
dr6ss and prevent by law, tho frauds and CT
rors Of corporate bodies; 10 provide and COM
pei the enlargement Of specie basis Of bank
paper; 10 add, as a further security Of the bill
holder. the personal responsibility Of the
stockholders, to the capital stOck Of The bank;
TO make all needful provisions 10 meet and
prevent suspension Of specie payments, as we'll
as toProyide for the punishment. Of swndlibg,
aS often as chartered roguery discovers new
modes Of evadlDg subsisting laws; in fine 10
make each paper dollar cqutsa!en. in value, 10
to a specie dollar, and TO permit neither the
circulation or existence Of Deprecated paper
currency.
Our position was taken years eiuce after
mature consideration. Let us stand firmly up
on il, without being coaxed forward or driven
back. without being diverted 10 the right hand
or 10 tho ell. Our opponents have said that
a bank Of the United States with like powers,
and on principles Identical with our owD, but
greater in quantity was the all-suficient and
only regulator But we never havo been SEN
slble that the dictates of wisdom forbade The
truths; g. that the constitution also forbade it,
We know that iis only power to regulate was
by swallowing them at pleasure, or forcing
them 10 become panders 10 its own moro splen"
did schemes OF imposition, The experience
Of 1919 and 1920, not yet lost TO Ohio, force
warned Us Of the fatal consequences of such
a measure, and the romans of that great mcn-
ument of corruption and folly, the LAST Bank
Of the United Sates, exists as roprouch
10 ts founders and warning TO tho counny,
il is not to be admitted tha, experience, go
bounlifully lavished' has been wasted upon Us
IN