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


I,ho.a are in Ohio, m round numbers,
-, In,d,ed thousand votes. Out oil
,Ssse If they were polled tomorrow
49, are not more than one tenth part Tor
NC .slnsive metallic currency, against
~ an ,on,hs who are for a safe, sound
Lantino svs,em, which will make the Peo-
UIs entirely secure and give the banker
F.;, D,o6t. In other words, there are
thiTtv thousand hard money men, and TWO
hundred and seventy Thousand bank men
Which oC,bese two numbers ought to
,nio The State? The majority Of course,
.nd ,bpy will ,ule it. Whether II is right
oy wrone-abstracily- TO have bahS
;no svs,em.-we must have it,--because
the neople are for it. lfthe democratic
Darty will not make one--the people VIII
,urn them out and put in their opponents
,sho will give them what they want
RonLs Which party would, in your
on;n;on make the safest system Tor the
Daonle1 You must answer the Democrats.
Tthink 50 too. Then why do you not
urge them TO do sof 1t would be better
far the State; that il a strong reason 10
tbe estimation Of real patriot. 1t would
bc better for the Party, for they will be
broken down ie they do not make one;
thai is strong reason in the estimation
of Democrat. Why delay! Why quar-
rel with and deaounce every man who ad'
vocates actionP Why depend upon such
an electioneering impracticable humbug.
0s the law of last session, in it's present
shape9 Why scout the idea OF consult
inn capitalists, when you cannot stir one
sleD in the establishment OF new system,
without their concuuenceH Are we
obliOed TO adopt their proposals9 BY no
means. Ifthey will not consent TO terms
tha, will make the note-holder perfectly
safe,-I would no, grant them charters at
all. An overwhelming majority OF the
people will take the same ground -
The point of safety, is the one to stop
at. II YOU 20 beyond that, with restrc'
ton. YOU prove your hostility TO all Banks
il the banker will not come up to it, they
prove, that they do not intend to be hon
cat. Can this question be settled except
in the way all others are-where there
are two parties--hy negotiation? Are
we TO pass law this year prescribing our
terms aud after ascertaining that stock
will not be takeR,--pass another nex'
year and so on, for ten years TO comet
Why not look the difficulties full in the
face like men; march up TO the line and
ascertain from the opposite party wha'
can be done? Ifyour propositions are rea
sonable and theirs are nor,--rcfuse them,
and the people will stand by you, no one
will do SO more readily than myself, Un'lI
then, no party drill or newspaper abuse
will ever make me move one inch from
my present position; nor can you ex-
pect that the sensible, business classes
Of the community will sustain you in the
ruinous, impractlcablo, donothing pOIi'
cy, marked out by the Legislature at its
last session.
Ifan exclusive metallic currency were
desirable, il is rlyimprucIcoble TO OBJ
tain il at the present iime. 1.-Two cur
rencies az unequal value will not clrcu'
late together; the one of lesser value
will drive out the one Of greater; hence,
paper drives specie out Of circulation and
causes it 10 be boarded by banks and
individuals, or to be exported abroad, y
This is an axiom perpeIuaIiy repeated by
the hard money advocates. FOI the sake
OF the argumsn, let Us concede its truth
what EoIl0ws2 Destroy all the banks in
Ohio aud drive all their paper out Of ex-
istencs; distribute ten millions of hard
money among the people of this State as
u currency and how long would il re.
main in circuIatlOui We are surround
ed by rich aud powerful sister Staics,
New York, Pennsylvania, Maryland, Vr"
ginia, Kentucky, Indiana aud Michigan.
They all have banks, whose paper IS
daily circulating among us. When our
bank paper disappeared theirs would be
Increased to supply the vacuum, and it
would flow in upon US in streams from
every side. "The paper would expel the
specie;" and of course in short time
our ten millions Of hard money would
disappear aud we should have a circnIa
tiom furnished 10y b,uks over which we
have no control; Of whose sOIvency we
know nothing, whose officers, business
and charters are entirely beyond the
reach Of our Legislature. Is this to be
the end Of bank reform?" When these
banks every now and then blow up,
leaving their worthless paper in The pock-
cts Ot our citizens, what will they think
Of tho "Re(Ormers" Is il not hetter--
since we must have blnk paper among
us-tO have It issued by our own banks,
under the control Of ourselves, inspected
from day to day by out Bank Commis
sloners, restricted and guarded SO as 10
keep US safe-than TO have currency
fnynshed by Banks FIVE hundred miles
oil, who are strangers to us and beyond
the influence of our laWsG THIS is the
question; and this is the only question
we have TO determine. When that is
settled as it must be, in favor Of our
own banks then it is the du,y Of every
good man to aid in establishing the
best practicable system that can be de.
vised.