Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1844-04-02
lETOWN. O., TUESDAY APRIL 2, 1874.


places no check upon excessive issues
Of paper, upon bank CONNECTIONS end ex
Pansions, upon bank gambling in stocks,
and covering up iniquitOuS tTansactlOns
blythe Intervention Of . bFOkeTf And
what would be effected BY bank reform
which Still permitted speculalOTs to en-
gagsin banking, for the sole purpose Of
manufacler ng The means Of lending mon.
ney TO themselves, and basing their
banking operations uPoG mere stock noteg
draftsOn eastern bankers, Government
stocks, or some other kind Of fiction OF
ehangeabIe Valuei The various enOr-
nous abuses and frauds of the banking
system, have been the subject Of exten-
siYe comment by the democratic party
10 Ohio, fer years, and have always un.
derstoOd that il was not simply and alone
individual liability and the Peni;enliaFy
clause, but also effsciual checks upon the
6agtant abuses and frauds of the system,
which were likewise made cardinal points
ia the contemplated reform Of the bank
ing system. "A
You express yourself infaVor ofa Gre.
iorm system of banking" 'a sound and
well regulated system Of banking,GSc.-
These are cabalislic phrases, and tor oc.
cult in their meaning for very definite
understanding Of so complicated a sub
isct. lDasmuch as you have rePudialed
as humbly conceive, The law enacted
by the democratic majority ia the Legis>
lature, and declared the bank question 10
be an open and unsettled one il seems 70
be due 10 yourself, due 10 the demoeFai'
ic party, due TO the people Of Ohio, that
you should come out, and specify, and
frrnish, at least in a synopsis, the extent
Of the powers and privileges which you
would allow TO banks, and the particular
safeguards and checks which you would
impose on them, in order TO reform nu'
merous abuses and evils Of the system
II is to the objects and purposes, and not
TO the particular provisions Of the present
law, that I am attached. If you can pro.
pose system ofgrsn's checks safeguards
and liabilities, better adapted to the Sc
curity St the community against the abu.
ses aud evils Of the system, than the press
Onl Jaw, you will find me ready TO lend iu
my unfaltering support. 1t is, therefore,
DUE. at least 10 the democratic party.
whose principles are at stake, that yot,
should specify the particular provision n
Ofthe present law 10 which yOu object
and the mode Of adopting bette, sys.
TEN.
10 conclusion, permit me 10 say, that.
fer the purpose Of an investigation, and
more correct understanding Of a subject
Of intense interest and Importance io|
the prosperity and the future welfare Of
the people OF this State, | have deemed
this response 10 your letter necessary and
proper. II have misapprehended your
views in any particular, il will afford me
great pleasure TO make the necessary cor
rsction, and trust that | shall not be
considered waiting in courtesy, in any
thing which | have written. for | can ass
sure you, that, although differ with you
in sent ment on some points OF vital inter
est TO the people OF Ohio, have great re-
spect for the rectitude OfyOur motives,
and for yourself, personally, entertain
very high regard.
Yours, with great respect,
T. W. BARTLEY.