Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-08-02

unlil il was a vast bubble, ready 10 burst
before the first breath Of air that touch
ed its surface2 lanswer-nOt the peo
pleas such, but The. Government; by
which | mean the general and state
coyernments-al Of them constituting but
one controlling influence over the Amer
lean people. Are we to stop and argu
like chldren--about Dkich party did il,
or rather, like men, look at our condition
and endeavor 10 extricete ourselves from
the perils that surround us2 The gov
ernment brought us into these difficulties
aided, il is true, by our own impru-
dence, desire of gain and msfortunes;
aud the government should help US out Of
them-aided by our own enterprise, in
dustry and economy. The farmer who
contracted a debt Of $1,000, when wheat
was worth one dollar bushel, could pay
it with thousand bushels Of wheat; now
wheat is only worth forty cents, he must
raise twenty-five hundred bushels to dis
charge it. Reduce wheat 10 twenty-five
cents and he must raise four thousand
bushels. Is this just between man and
man2 He who has few thousand dol
lars in ready money may make slaves Of
half his nc ghborhood, by lending it at an
exorbiant interest, or buying their prop.
erty at Sherfi's aud Constable's sales.-
The creditors are unjustly enriched g. the
debtors are ruined. The tendency of
these times IS TO make "the rich richer
and the poor poorer" To escape from
the disasters incident TO this State Of
things, it is already proposed TO pass stay
laws and valuation laws. What are they
but an interference of Government be-
tween creditor and debtor; a forced loan
from The former TO the latter. They post-
pone the day of paymeHt-and give the
debtor a chance to earn the money due,
or turn his property into cash, and there
by save himself from total ruin. Banks
perform the same Office. They pay old
debts and create new ones-glving Ion
ger time to pay; they enable US 10 turn
property into money; they save US from
usuIers; they furnish means to buy up
and carry off the surplus produce of the
country; give employment to thousands
who would otherwise be idle, they mul-
tiply the amount Of currency III the State
threefCld, thus bringing it up to the sum
necessar! to carry on the business Of the
country. We want eight or ten millions
IN This State ;--how much have wei Not
more than third Of that sum. A Ger.
tam amount Of money is as necessary 10
The business Of the country, as the tools
of mechanic are TO his successful prose
cuIton Of his work. Until you get up to
that point, there is no inhIton ;when you
pass il, there is. Below that point the
country suffers from a depression and
contraction of the currency. tits the 6u-
ty OF the government 10 see to this mat
ter After an extraordinary expansion,
the contraction should be slow and gradu.
al A government that does not inter-
fere TO protect its citizens, when it has
the power 10 do so,-is false 10 the high
trust confded to it. Theories and ab.
sractiOns may be held up as detencss for
il; but the feelings of The human heart
are against it; and when that is the
case,-at least niOe times in ten,-
the theory is Wrons and the feelings are
right.
have great deal more to say but
must draw TO clos. Ill had time
would comply with the request of the
DaytonEdilor, and write pamphlet have
no doubt it would do vast deal Of good.
But my other occupations forbid it. You
shall hear from me again before long. l
cannot leave you though, without word
of fadmonition. You are aware Mr.. Me.
Diary, that have authority to expel you
from the Democratic party entirely; and
have been repeatedly urged to do so,
by public proclamation TO that effect -,
| have fOrborne, because still have a
faint hope that can make something out
of you. Upon some points of political
faith you are right enough; but on this
one of currency you arc not only radically
wrong, but have become kind Of Mono
maniac. BY drilling and lecturing
you, however, trust some improvement
may be made. At present, you are far
ahead ofthe democatc paty,and have lock
cd down, TO much IOWer leueI, in tho
political Canal. Few decent men would
desire "tO cut under" your present posi-
ton. 1t is distinctly and generally un-
derSIood, that on the currency question,
you are not the ORGAN ofthe Democrat.
ic party. II have suspended your "Organic
functions" some time since. Should
feel constrained to proceed further, you
may expect fair trial. will direct a
scire facias TO be served, recurring Won
to slow cause why you should not be OK.
Pelled from the Democratic party and
turned over to that fragment, which now
gives signs Of sloughing off, under the
banner OF "Loco,FOcoIsM," having for its
motto, "Hard money free trade and di.
rect tGres." For the present,
Farewell.
TIL. L. HAMER.
Georgetown, o., July Goth, 1912.