Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1844-03-26

a subject SO complex in all it's bearing
= and SO difficult Of comprehension in a
Z The minutia Of IFS practical operation, 4
$ that OF banks and The currency. .unde
these circumstances, when. beset by diff
cuitIes ON ali hands which seemed TO b
D almost insuferable, the democratic pari
IN the Legislature, true to the paramount
interests of The people, aud true 10 wha
they believed 10 be the principles an,
sentiments Of The democracy. OF the coun
try, proposed and adopted measure con
iaIning the terms, safeguards, and liabii
ties for the future management Of tht
banking system in Ohio. The measure
became law at the Session of ll64l-
az. AT the succeeding session il wa,
claimed that the law was too rigid and
strict in some of its details; aud an q.
mendatory act was consequently passed.
removing the objections BY whickit was
then alleged the law was rendered i'm,
practicable ;and a few of the prominent
persons connected with the companies
which had been making application 10 the
Legislature for the privilege OF engaging
IN the business of banking, on the terms
OF the old system, were authorized 10 r.
game and commence the business under
the present law. Our political oppo.
nen's, in order to bring this law into
dlsrepute, and 10 utterly PROSTATE the
principles Of the democratic party on the
currency question, have insisted that the
bank question in Ohio was still an open
one-bave proclaimed The existing law to
be imPracticable; and by holding out
promises OF more liberal and profitable
system TO bankers, have so far succeeded
IN preventing Them from engaging in the
busness'On The terms provided BY the
law. The question had been narrowed
down TO the simple issue, whether the
provision of the existing law, containing
the prominent principles the democratic
party on the currency question, should BE-
maintained and successfully carried into
operation, or whether our political oppO.
nents should triumph by the adoption Of
their Unsafe and irresponsible system Of
banking, which would be liable to be used
by them in all time 10 come as a pOliti.
cal engine. .t.,
Il was perfectly clear that nothing but
undaunIed frmness and unyielding in
legrIIy of principle could sustain
fhe democratic party on this great
and exciting issue. Under these circum-
stances, wifoy but yourself, should have
gone foremost into battle, inculcating
hrmness, and inFUsing confidence into
The ranks of the democracy, in order to
secure the people ofthe State from the
hagrant abuses, outrageous frauds, and
political corruption Of an IRE sponsbles
system of bankingf But, humiliating 10
say, instead Of SO doing, you have, with
all The prominence which the democratic
party have given you, placed your
self before The people of the State in
pVbIiic expose, endorsing and reitersting
he stale and refuted charge of our OppO,
nents, that the existing law 10 regulate
oanking is impracticabIe, and prOclaiming
hatD,hs bank question in Ohio, go far as
he democratic party is concerned, rs an
open and unsettled question. /
The democratic party in the State Con,
1sntion, which assembled in Columbus
IN the 9Th of January last, in an address
carefully prepared for the occasion, most
iisliactIy aud definitely defined tbe prin.
;iPles OF The democracy Of Ohio on the
he most important political topics now
'gitated in this country. In this address
ne following language is used; F.s i I
"Fhe democracy, after years Of Lnin-
emitted labor and contest with lhe ap>
'robation and support Ofthe people have
Reforms have been intro,
|uced into the banking system, of the
llghest importance, which have received
hs confirmation of the public voice. -
The popular will has sanctioned them.--
The ipeoplas will has been gexecuted, and
hey appear Tor lbe time being 10 be
atisfed; and it is believed that, for the
resent, further action upon the subject
IOes not seem TO be required by the bu-
mess interests of the Stale, nor d eman.
ed ny the people, Whether any further
egislative reforms in The banking sys,
EN-, and if any, of wha: character, shall
leEeattsr be acceptable for the protection
nd security Of the community, We leave
o the future decisionsO OF the people them.
elves. For the present,we belisve that
strict adhetance to- aud rigid enforce
nent OF, the legislative provisions already
made, and sanctioned by the psople, will
,e more conductive 70 the happiness,
,r0spsrity and enterprise Of the several
interests OF The State aud the peonla, ,than
! further imuediaIo agitatioa Il this ale
all-absOrbing, and ysxsd qusss
ion.
Afew days before the Convention,
Ibis sddFessy as yois will very we'll recola
Iecl, was carefully read over in the hear
ing u you and myself 10 compsny with
j DumbsF ol other gentlemen, for the
purpose Of asCeFtaining whetheEiu ourt
opinion. there we're any aentimente con-