The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1842-08-04

pondence TIE first ever heard of any difficulty be-
tween YOU and the Democratic party in the State, was
on the subject of iadgiduaL liability IN bankers ana
this seems 10 be the bottom Of all the troubles ye''
however you may have twisted and driven from one
point TO another.
You it seems, have ascertained from some qnarer,
you do not undertake to tell from whom, how. whem
or where that the bankers have declared tnat hey WI"
not accept charter or continue business IL hey "o
held like nther partners and all o!her people, respon>
sibe for their acts The bankers have said IT. and mar
is enough for you aud you straghtway tell Inc people
that they must submit. Their brhrght is held oul on
one dish and the poage on the other, and you very
kindly CON! what humantyA) tell the people that tney
had better take the Po'age You had tasted lne SsI
YOURSELF it was very savory, delicious, and why stand
about birthrightsl Let all the readers of the Repub
can turn 10 their bibles and read by way OF refresh-
menl, the history of Esau.
The bankers are very modest mcn as we have before
stated and unless they get the terms to exactly SUIT
themselves, they turn away In very great disgust ana
refuse to benif their country, But you sci an example
for the people and urge them TO follow in your footsteps
by running after the bankers, catching them oy Inc
coat tail and CRYING out "Eor Gods sake, gentlemen,
stop, do not be offended we will give you all you ask,
Just make me good biz loan and will beneht all me
neighborhood round about" We are but in the middle
of The first century Of our existence few grey heads
and stout hearts that sacrificed their all to secure us our
liberty and independence are still with us, and yet we
find degenerate sons who far forget that this is gov
PoOP'S5
Justice that they be found cheapenlng away all ;hat
is glorious and holy to eemen. for such base, patry
and gnoble purposes. They talk to us about me de-
preston and hardness of the mes-do we not all be-
wall them and feel them, deeply and soreyO cannot
the banks produce Just such times whenever 1t suits
their purposesl We all know they can-we all know
and feel that we are at their benign mercy;-ihey know
it-and know how to contract and expand 10 produce
the greatest amount orpolca capital, unless they get
too far into state oLcoapse. If the bankers, ho"'
csI a.. Al
Establishments expressions, 1t viii teach MON sa-
utary lesson that will both benefit them and the couns
ry If the people will bear the rod and the screw,
they will of course be literally applied whenever an 90
iec is to be accomplished. They are insoen now, be
cause thew believe that they have the people 80 deeply
oppressed that thew can drive them the polls like cat
te to the slaughter 1t vain honght-he spirit OF
| our fathers has not yet flown away ,
The broad issue between responsible and rresponsl-
bic banking will be made, 1T has been made by yours
self and the class Of the whis leaders and edltpr9 una!
take sides with you. The order has gone forth that
tbe bankers will not be held responsible for their acts
as other men, The issue is broad deep and tangible,
and it is useless to talk about other measures OF bank
regulations or restrictions if this one is unsettled ior on
that our opponents rest all their actions. Nov let US
see where this will lead us because if we once settle
the fact 1t is too base 20 be called principle, that the
Legislature has the power and that it is right to release
one portion of the people from liability andrSk IN their
pecuniary transactions, where is 1t to stop! W-h II
stop with bankers? Would ii be right that it shoudl
Would it he consistent with any mans ideas otJustceF
| Let us look att.
A. B. and C, are gentlemen Of leisure who have mon-
ey they have no useful trade and never in their lives
thought making two spears grass grow where only
one grew before but they desire to Try their hand at
banking, They have one hundred thousand dollars g.
appIy to the Legislature for charter to loan out three
hundred thousand in promises to pay on demand. lhey
very modesty [f6r bankers are always modsst tell the
Legislature that they going INTO hcklsh expert
ment hundreds ofthousands will be at stake and rIsk
they have vast amount of other property that they
wish to be released from liability. flour bank falls
say they, 1--WE wish the loss 10 fall upon The people
who hold our promises, as the balance of our posses
sions is ample for our support. five cannot get tli
grant from liability, we will not bank at ALI you cal
do as YOU please but you do not please we will de
nounce YOU as 'hard money laction,' and enough o
other vile ephets to alarm the people and turn them
gainst youd The Legislature being composed oime
who think the poage better than the birthright, AM
who would faint at the idea of being called hard mon
ey men, grant of course the boon as asked ior an
6(y other grants to banks throughout the State follow
d. E.. and F. are merchants, and d. H. and l. ar
| mechanics and -adesmen. The merchants believe tn;
supplying the neighborhood with so many necessarI
and comforts life is just as respectable and useful
, banking and the risk also as great Inc mechanic
think that The building Of steamboats, and houses an
temnes in which to worship 'ihe only true and ivir
Cod" is lust as necessary as either Of the Others ar
a thev therefore, also, want chance of expermentir
ot The expense the pubc,a the preservation of the
nronertv not involved in that particular business III
fspisIaure is ,old by the merchant that "fyou do n
prant US this exclusion from risk you die the bane
: we wont sell merchandise; your wives shall neV
have another new dress, nor new bonnet! II you
. NOT grant what we ask, we will call you the "hon
v made action" or something else equally m6nstroI
l. The mechanic tells The same story-he Will build
IS boats no houses, no temples ofworship, unless put
o an equal footing with the banker.
a Now what would such legislature do-too imt
cle TO do right from lhs first and on principle and P'
~ hans TOO cowardly to continue 10 do wrong. TAKE
n her horn o f the dilemma, and to where would su
IS fatal errors lead u.s. And does any one suppose that
an investigation of this subiect-the discussions that
!, continually excuga free people, jealous of their rgl
Il and of their honor these questions can be avoided.
If What i. so great stimulus to industry, frugay
IN In all kinds of business the continual liability
n responsibility Of errors and mssteps. lts this g
chack that sustains and resralns business within pr
,f dent lust and prosperous limits. Cut away this re
lo non,6ty and restraint, and bankruptcies would Sw
ID 10 fearful height And the correcting influence wot
m aside from the important and never to be yielded pr
A. cple of equality in free country, be- as poWsrn
a. banking as in any other business. IL would OF ccu
10 no, make all bankers honest He that hopes to live
A. see that day will hope in vain. But 1t VIII draw
ct round the banking business such continued wacmnt
al onards and checks that robbery and swindling Will
rs ;n some MEASURE restrained. Bankers, instead OF
king large swelIs and loanng hundreds of thousands
(sw al great risks, and which generally END in loss
m will extend the theatre of their loans among act
- L,.;..o, n,on in amaer amounts, and Whero they