Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1844-05-07

n ANSNlNOu AAlOll W tuOll uo1OA
and became at once their sponsors, the
!, friends and their defenders. They wei
Aow nj instruments 10 serve their purpose
But the democracy, true to principle
and the people, true TO their rights an
, their liberties,prOved too strong for then
backed and sustained as they we're b
!, the whole force of the influence, the ia
IelleCt and wealth Of The whole fedora
party. The democracy, after years o
unidentified labor and contest, with thr
appreciation and support of the people
have triumphed. Popular rights aud lht
popular will have triumpheG over the
Money Power. Reforms have been in
lToduced into the banking system, Ofths
highest importance, which have received
the confirmation of the popular voice
The popular will has sanctioned them.-
The peoples will has been executed, and
they appear for the time being 10 he sat
lshed; and il is believed, that for tn a
present Further action upon the subject
does not seem TO be required by the
Business interests Of the State, nor de-
manded by The people. Whether any
iurlher legislative reforms in the banking
system, and if any, of what character,
shall hereafter be acceptable and requi-
site TO: the protection and security of
the community, we leave to the future
decision Of the people themselves. For
| fn4 nFnonnf haliaun akn.
hereDce TO, and rigid enforcement Of the
legislative provisions already made, and
sanctioned by the people, will be more
conducive to the hapiness,prosperity and
enterprise of the several interests of the
State and the people, than further i'm.
mediate agitation Of this all prevailing,
all-ubsorbing and vexed question.
1t is needless to argue this bank ones.
ton. The people comprehend, duly ap.
preciate, ond have unalterably decided
II, they have endured and suffered too
much of oppression, beneath the iron
yoke of corrupt and swindIing banks, ev.
er to permit it again 10 be lastend on their
necks. They have been too loag and
too largely robbed of their property, de-
spoiled of their rights and defrauded of
the hard earned reward of their daily toll
they have too long, and with too much
suffering, seen and fell "the sweat Of The
poor mans brow" podrd cut only"to fer
tilize the rich mans field ;" ever to suf-
fer the incubus Of the old irres sponsible
banking system again to be imposed upon
them If any system of banking can
hereafter be tolerated by the people, it
must be a safe one, it must be one which
can and will, and from llS nature and con
ditions, must be, honestly conducted, none
ether will, or ought be, established or
endured.
INDIVIDUAL LIABILITY.
We have expressed our opinion that
the democracy will insist upon strict
adherence to the law upon banking al.
ready enacted. ALd we further add our
belief that they will especially insist up.
on a rigid and unfaltering adherence 10
the great and crowniAg principle now es-
tablshed, Of the liability of bankers for
the debts of their bank, in their person nal
capacity.
Banking is a business, and a profitable
one, and partnership business, and it is
impossible TO discover any sound reason
why it should not be placed upon the
same basis as any other business-or why
bankers should not be equally liable for
their debts, as partners in any other bu-
siness. There can be adddced no sound
reason why those who enjoy the profits
of banking, should not likewise bear the
losses. The injustice Of grsnting to bank.
ers all the advantages and profits of bank.
ing, and imposing upon the rest of the
community the evils and losses, is too
strikinply evident TO need Illustration
This monopoly Of profits, and security a.
glinst losses, connected with the exclusion
Of The mass of the people from the emol.
uments, by special and exclusive grants
of incorporation to favored few, and the
imposition of all the losses upon that ma.
iority SO excluded, is SO paIpsbly unjust
as 10 be incapable Of the least plausible
defence. This injustice is now preVen.
ted from entering into any banking insti-
tutiOns which may hereafter be establish
d under the exis ting laws.
The Democracy Of OhiO have, in the
establishment of this cardinal principle.
taken a noble, important and mighty
stride, in the great cause ofReformalion,
10 the cause of principle, and Of that full
and equal justice which democratic
governments fairly required and expec-
ted to meet out TO all citizens.
Since Ohio assumed the bold and deci,
ded stand upon the broad platform ofIndi-
vidual Liability, she has occupied lofty
position among the States of this Union,
Having taken the lead in the cause Of re-
form, and maintained her station in the
van, she has attained an elevation in apO.
litioal and moral point of view. anc is ex-
ferciSing an inAunce over public opinion
and the course of legislation in other
nn r