Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1843-12-12

!. Z. bAt ehanged condition. Beu
lewis this cannot be done. without an
amendment Of the constitution. / would
respectfully recommend the sdon,ion bv
the General Assembly, Of the 6rst mes-
sure necessary TO the call Of = coDvsp.
lion to amend the constitution in the mar.
ticulars above alluded to. No evil can
result from this. The only action which
you can take in the matter is, TO anbm;,
the questionOf convention, or no COM
DentiOn, 10 the electors Of the state
The question is safe ih their hands, and
they will no doubt dispose of it in the
way best calculated to secure the bless.
ings of good government, and promote
the interest Of the public.
No subject has elicted more discus.
sion, or excited deeper interest in the
public mind, in this State, than the CUES.
ton of the currency. 1t not strange
that such has been the case. The vast
amount of worthless and deprecated pa.
per thrown upon the laboring and busi,
ness classes of The community BY our
own and the banks of surrounding States.
was well calculated to excite discussion
among the people, and critical exami-
nation into the defects and imperie ctions
of!he system Of banking which had en-.
tailed on them so many evils. The re-
suit oil this discussion and examination
has been the unequivocaI condemnation.
by the people, Of our old syssem of bank
ing. Its insecurity, and its c4pabilily of
beng converted into an instrument TO de,
fraud the people, has been demonstrated
too clearly to admit, at this time of con.
trovsrsy, The difficult question which
we are now called upon 10 dispose of
is, what SYSTEM shall we adopt in its
placer Shall we displace tho old one
by new and reformed system of bank.
ing; and if SO, what shall be its de,ails9
On these questions there is, as might
naturally be expected, great variety Of
opinions among our ci tizeDs. believe.
however, that large majority of the peo.
pie are in favor of adopting reformed
system Of banking, and giving it a fair
trial 4f4 am correct in this opinion, il
becomes the duty of the representatives
OF the people TO legislate on this subject,
in such a way as to satisfy the public
mind, and, if possible, put this apit.tin0 |
question to rest. The people are salts. |
fed with discussion, and demand eff. !
clent action in the settlement of this
question.
have heretofore, on several occa.
'ions, given my views 10 the, General
Assembly on the subject of banks and
he currency. Should they be deemed
'F any importance. they may be found in
ny folmer communications TO the Lepis.
aIure. do not feel myself fcalled upon,
I this time, TO go into detail on this sub.
sct. could do but little more than 70.
eat opinions heretofore frequently ex>
resSed, and, believe, we'll understood
y the public. l will, however. take {
MS occasion 10 say that believe well !
uarded and we'll restricted system Of :
zeal banks, judicinnsIy distributed in the
tate, with a fixed amount of capital. ad-
quaia to Inc business wants of the coun n
y, is the best and most practical svs-
em of banking that can, at this time. be
dspted in this State. In establishing
lis or any other system, the great OBJ
'ct 10 be secured is, the safety of ,he A
Dte holders. When that end Is accom-,
ished public opinion will be fully satis6.
d. The best means TO secure this Dri
ary object should be freely invest;pa. A
I'd, and whatever restrictions. Iimiia a
Ons. or liabilities, ale found to be nae.
'sary to secuIe L, should be unhesita. v
ngIy adopted. No system OF banking a
Iould be tolerated which does not fully c
cure this object. All restrictions and 81
Utilities not necessary and proper for n
Q attainment of this object should be v
pitted, as being calculated TO render Fl
Q system impractible. II we would "
proach this spirit, and diveSt il Of all N
rty considerations, and look alone TO
wishes Of our constituents and the
bile, Ibelieve it might be settled in "
inner satisfactory TO nine tenths of the Sc
oPle' The whole subject is one of M
citing interest TO the public, and |
omit it to your careful considera-
%. L,
Ehe seven per cent loan of one and a w
I million of dollars, authorized by an W
ofthe General Assembly Of the last
sion, for the payment ofthe domestic
1t Of the State, was obtained in New be
rk, on terms making it par in OhiO.- wi
hundred thousand dollars on the thir Gal
nth OF May last, apd nine hundred ve
usand dollars on the fourteenth of Sep. m,
lber. r.,
The debt Of two hundred and fihy thl
lsand dollars, due to the franklin fro
TX Of Columbus, was settled by pay. le,
Mt in stock, at the current rates and