Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1843-05-16

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in point, the present condition Of many
Of The States IS another, and both togeth-
en- furnish ample illustration. In add
tion 70 this facility in supplying immedi.
ale demands, paper money, being the
cheapest OF all manufactures, can be
made AZ viii, as occasion requires, It IS
not the product OflabOr, like tho precious
metals, but Of the mere will, aud may be-
increased to sny extent that human cred
ualli,y will tolerate. Hence the right Of
government 10 coin money Outof silver
and gold, is the only Prerogative referring
4 to that subject which can be safely exer-
cised, because these rnettslS cannot be
increased or diminished, like paper issues,
bya mere aet Of legislation.
/ To insure economy in public Sxpendi.
lures, il is indispensable that those by
whom they are authorized, should have
some difficulty and serious responsibility
in Obtaining the means Of detraying
4 them. In no other way can extraya'
Rance be prevented, since i is thenature
Of man 10 spend that heedlsSsly which he
I ACQUIRES without effort, and to think
little of that which costs little trouble to
gain.
have dwelt more at length on. that
part Of your enquiry which relates TO a
National Bank, than ] might otherwise
have done, from belief that you look
upon it as one Of the most vital cohss.
ouence to the public welfare. In this !
entirely coincide with you. Such being
the case, il seems due to you as we'll as
myseifs 10 say that in referring to the
public declaration | have heretofore made
on this subisct, ] have been in no degree
influenced BY any feelings Of dissatisfac'
ton at the repetition Of these inquiries
on the present occasion. So far from
this, i most highly applaud the enlightened
Democracy Of Indiana, in sewing an oc~
casion so appropriate az that of an ap'
prosching Presidential election, to re-
quire new securities that the principles
they themselves cherish, should be car.
ried out to their fullest extent, and
moro especially on this all important ques-
tion. ..... 4.
| am not one Of those who believe that
the long cherished project OF reestab'
fishing National Bank, is, or ever will
be, abandoned BY that patty which always
has been, still 10, and ever will be, the
advocate and support Of such an institu-
tion. Il NAV lie dormant for a season,
from conviction Of its being expedient
to receive II; but he must be blind to ell
D indications Of the future who, seeing
, that even at the very period when the
; old bank was injecting the very air we
!. bFeathed with its cOrruptions, and when
public Indignation was most. heavily
; wsighed on It's long series of Delinquent
: cies-at that very moment, successful
: effort was made in both houses of Con-
> gress rio create similar institution,
should nevertheless lull his caution to
sleep with the delusive idea that the pros
ieet will ever be abandoned. Most as
sursdly nothing but the stern vigilance Of
; the democracy will guard itagainst an
. institution, which may thus be prosituied
, to the ruin Of individuals, the disgrace Of
the country, and which, while so limited
in its power TO do good, is 50 potent for
! the perpetratiOn OF evil. 49,
The tenacity with which our opponents
: adhere 10 the Distribution Of the Pro.
cssds Of The Public Lands among the
States, in the present condition of the
, treasury, is political anomaly, which it
is not a little difficult to explain, OF 10 re.
concils, with fair understanding Of or a
proper regard for the true interest Of the
country. IfaRy apology for il can be
made, it is TO be traced to that unwilling.
: ness 10 abandon, in the face of their Op.
= pOnents, a position which has been as.
: sumed and supported with esrneslness
--an indispOsiiion from which but few
political associations are altogether ex.
: empt. WhalevereF may have been ex
4 pected from this measure by its authors,
> or however plsusibly deceptive its theo,
{. ry may have been, at q period when the
: country was threatened with the evils in
cident TO an OveThOwing treasury, subse.
queDt experience in regard to the works
/. ing Of our political and financial systems,
: ought long since to have satisfied every
! rejecting mind, ss well Of its utter inu-
tiliiy as means Of relief to the States,
as Of It's destructive tendency TO the sta
|, biIity aad welfare ofthe Union. As the
: matter now stands, and has for years
stood, il presents in the former aspect
the simple question, whether the people
Of the States can possibly DO benefited,
!. By receiving into the State treasury a
certain sum Of money annually, to be i'm
: medlalely re~collected from themselves
Ii the shape Of taxes upon what they eat,
drink and wear, with the addiionof the
expenses OF the collection. Every at.
tempt 10 give this measure any other Ten.
able aspect, has proved unavailipg. II is
certainly Faying but a poor compliment,
to the capacity of the peOple,tO suppose,
for moment, that they could be brought,
BY any prstsxt, however plausible, to