Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-06-28
THE CAMPAIGN on ls42.

polgn on plan similar 10 the one they
adOpted in 1910. On the 18Th instant
they held 1 meeting at Lebanon, which
seems, from Seports, to have been much
more noisy than numerous. Instead Of
a log cabin, they had a loom in opera
ton upon wagon drawn by four horses,
snd decorated with notices fully as delu''
sivs as those Of 1910. Such as "plenty
OF work and good wages" &c. This
promise will doubtless be as Punelually
fulfilled as was that Of "two dollars day
and roast beef" Butthis time they haVo
inFOrmed Us Of the measures by which they
pretend they can bring about "pleBty Of
work aud good wages" The most i'm
portant mean appears TO be that Henry
Clay should be elected President, and
accordingly they first nominated him for
that Office, and then passed resolutions
aPproveing Of protective tariff; a swell
regulated t!D State and National Bank /;
redistribution Of the proceeds oflhe ma
tionaT domain, &c. Their principles
with regard to State Banking system
are embodied in the following resolution: :
.'RssoIped, That, in the opinion OF
this convention the hard money currency
system which the Auti-bank party in Ohio
have been sndeavoring TO introduce, in
which hey have in great measure sue
ceeded is entirely too hard I ! 10 DO me long
or, and that in view Of peCuniary difficult
tiesthas brought upon US, every friend
t0tte prosperity Of his county, W hatev-
er may be his opinions in other matters,
should unite their strength at The approach
ing election TO give Us good State Bank
and branches 80 guarded as to secure the
bill holder FIRST and yet subject the inno-
cent stockhOlder 10 no other liability than
10 the amount OF his stock"
So here we have something tangible.
The wings are in favor Of rcviyiDg
and continuing the PTeIent irresponsible
banking system, which has for several
years past been breaking up and invOlv.
iHg,in ruin the business Of the country
Every person al all acquainted with bank.
ing as carried on in this Slate. knows
that the stOckholder is liable 10 the am.
cunt Of bis stock. On every dollar o.
stock three dollars (or thereabout) Of bills
may be putin circulation. Ifa bank fails,
who should be the loser oftwo thirds of
it's billsi Should The loss fall upon the
confding bilI,holder, or upon the innO,
cent stockholder, who has been drawing
bis eighteen OF twenty per cent. interest
on the stock he has invesledf The an
sweT iS contained ia The resolution. Let
the loss fall on neither The bill heldor nor
he innocent (disintsrestsd) stockholder.
Butthe wings would make the State the
backsF ofthis privileged class Of "ianO.
eeB@ Stockholders, who are to eDi0y all
the sdvaatsges Of banking, while the peO.
pie IL large Of the Slate are to hear all
the Disadvantages. And here the line
mag be distinctly drawn between the
principles Of the two parties on the sub.
feel of banking. The wings desire to
build up privileged class 70 prey upon
community while the democrats desire
% maks:LanksrS,like persons employed in
other kinds Of business, entirely respon-
elble 70 the community for their debts
Iitherc is any thing "destructioe" in this,
then we're the signers Of tho declaration
Sfihdependence and the trainers Of our
"destruclivss." No true
democrat win desire any legal advantage
sver bis follow citizens; nor will hs con-
'eut that .hsy should possess such advan.
lagos over himself