Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1844-10-08

u NNEuH MAgfN AhNH bhNAo@ftAAAAAe@~
ting revenue tariff. He aesds for bis
best allies q sound currehey ssd we'll
regulated exchanges. Loud applause.
Good exchanges are secured, not by .
Bank Of the United States bat the reg
ular &C ion Of commsrcial iadustFy.-
The merchants are The great regulators
Of exchanges: let them never abdieS.O
their Office. Very enthusiastic cheer.
ing For the security Of the currency.
there is no resource but siesdy regard
for the metallic basis. A huctustinR
currency, as ii expands, raises prices, in'
Vitss foreigners TO exgesslvs comPsti-
lion for our own markets, ard the vast
balance Of imporsliops must be paid in
money, and the export # specie takes
away the gupport Of the artificial euTreR.
cy which tous's ard crumblss for the
want Of q solid foundation Then follows
depression. The paper currency, ia
its excessive conlTaeiions and Expansions
is ruinOus to the manufsciurer-t is 70
him like bad mill stream, swollen BY
every storm, and summer dried in the
tina of need. Applause
n GipSn w tH~
standard can alone secure a steady flow
Of credit and Of money. The measure
of vslue must not have merely an Odor
of nationality; il must bear an impress
lhst shall be ilS passport through the
civilized world II is in this connection
that | pronounce the name OF Silas
Wright as the bsnefactor of the manuIsc-
turer,. Silas Wright, the -1'atesman and
the friend ever to be relied upOn-havH
ing an uDprstending modssry, surpassed
only by his merit; never aspiring to high
station, and worthy Of the highest
(De e,nons,rarions Of enthusiasm which al
| tnge her bsffie description.) 1t Nas he,
who in May. 1888, ne, Henry Clay face
10 face on the floor ofths Senate and
achieved, perhaps, the most signal aud
momentous victory eyer won in that body.
(Grest Cheering.) The chief provision
of CLAWS resolution, ss he himasltex.
pressed it, was, that =" the Dotss of sound
and specis paying banks shall be receiv>
ed and paid out in the receipts and ex-
penditurea Of the government" In q
moment Wright discs'ned the latsAt
evils couchsd in the proposition, andres
commended its reference 10 the commit"
tee on Finance. Clay objected, but in
vain, (Cheors.) Meantime, in the course
Of the debates that snsusd, Clay exc
claimed in reply to the Senator frSm
South Carolina, 81 am fer bank Ofths
United States, aud wish it 50 pronounced
aud 80 understood. that every msn, Wo@
man, and child, should know H." "1he
capital," he afterwards added, ''not to
be ex,ravagaRtty large-U U50ut fifty mile
ions would answer" On ths 10Th OF
Nav, Sllas Wright came forward with
his report, calm. well dgssted and con.
elusive, having not waists word and
LEAVING mol word to be added. (Cheersl
Such was the irresistible force OF bis
logic, that Clay should tnrn from hs
own position, and 10 avoid worse de-
feat on his own motion, the NsFst part OF
his resolution was rejected hy vote OF
forty four 10 one. (Grest applause. y
All that remained that was Objsc'lonas
bic was, on motion OF Silas Wright siFik.
en- out, by vote of twentY-eisht to
nineteen. (Terrifc cheerS) Sach was
: his great service to the best interest OF
the country. ] commend his report and
: the accompanying report 10 the democrat
ic press, and TO the young democracy OF
New York. cloud and long confused
5 cfeern..l For the vindicaion Of our
|. territory in its full, tie merchants, and
: manufacturers, and agriculurallats are
h equally interested, The harbors OF Ore
4 aon for American ships, its mar kets
far American labor Its soil for American
nlonofs-its wide deman for American
. Institutions and American independence
"A GTari6c cheering-and Shouts Of Oregon
!. ours and must be ours. es and Tex
s as too.'' and SO on.1 MIR. Bancroft pro-
= ceeded TO discuss the re annexation o
10 Texas-contendihg that Texas is lnde'
= pendent as a consequence OF its sxis
os tence-as hs ring been buta temporary
m n,ember of a confsderacy, which miiltaF!
.. 6earotism has dissolved. He develop
4 ed concisely tho relation on the sub
"a iect towards England and towards Mex
or co. He coniendsd that the fsderatlV
ID system vas strengthened BY its extens!o
i. rhe; that System was destined, Tx
q. The doctrine Of democratic equality I
ar make the tour Of tho globe.
I'd His romarka on this topic wera recelv
as ed with indsscribsble enthusiasm.
a. conclusion, Mr.. Bancroft appealed 10 u
ii, immense assembly fer the election
N. the democratic csndidatel. New XorE
rs said he, he's rarely been found wanting
m Dy the homer OF Livingston il asserted y
he rights Of neutral flags, and gave The as
IT. hesion ofAmericatOihe great principles
,is, modern maritime law. It's vote slect'
"a Jefferson. Il va s through one oVi's 90
az. that The treaty for annexing LonlsIal
no. was negotiated. BY the voice Of GsoF
,s,e Clinton it negativsd the renewal oft
the charter Of the United States Ban
an New York set, for the States, the bFIlh'