Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1844-03-26
NEW sERIEs.-voL. Nv. No..sg,


mans field WithSthe sweat Of the boo,
MiR's brow" ~
There is still aDdl Der reason whv a IiOid.
check and ssfeguaTd should be placed 1p-
on this system in TemodsIiBR'i il, and Der.
mltIiDg its existence in q new form. n
IS an engine Of POliticpI power, snd if.us.
checked, will, through The bIsndishaisnta
and subtle aTtifce of wealth and eFedit. .nI.
'ma'ely exert controlling inlussea
over all ihe departments and ratification
OF our Government. Already has In
oahk'ng system in this country thvoush
me subtle operations Of an extended kh.
nc ot credit, brought wide, spread distress
and embarrassment upon the eountrv..
blaming II falsely m The operation n
wholesome and saluIaTy laws. The reUaal
o. which Il was demanding. Already has
II engaged in the nefarious busiDesa of
subs'dlz'ng portion Of the press of the
country, cOrruptIDg the channels Of intel.
iigence, making was upon the administra.
lion q the Government, an embarkine in
The struggles of the country for political
power. In view Of all that we have wits
messed in this country in The operation Of
the banking syslem,sDd with fresh reeOl
lection OF The monetary convulson which.
have recently, with desolating infiuencss
sbaken the country TO its centre il the
democratic party to be driven from tbosa
saluiary safeguards and checks upon the
system which are fair, reasonable and
practicable, and 10 be compelled TO per.
NIT The banks 10 dictate for themselves
The terms on which they shall, IN future
exercise their exclusive priviIeResf I
foVe mist ken ihI spirit Of the DE- 1eresV
OF The country, if they ever consent
to such humlliaiing sure nder of anv
portion Of their liberties. -
1t is true rs you say, hat since the D,..
sage of the OrrigIonal act TO regulate
banking, thirteen banks have gone out of
existence by the expiration Of their char
teTs, and two banks since the passa0eof
the amendaIOTy act. These fifteen bsnkG.
however. asked for an extension Of their
privileges, only upon terms similAr,Io
those Of their original charters. and, ra,
fused Obsolulel y TO submit to the safe.
guards and reform principles of the dem,
Oeratlc party. Besides, these fifteen jn.
stItutlOns were unworthy OF a renewal Of
Their corporate existence. They had. bv
suspension of specie payments. .reDridi.
ated their debts, violated their pliebted
faith to the cOmmunity,as we'll as in 9th.
er respects abused their corporate fan.
chise, and trampled upon The laws nf ,ha
State. They had also scoffed al and ridi.
cu!ed the law making power Of the State.
IN The attempts TO impose salutary check.
upon their abuses. The people Of Ohio
have experienced no Inconvenience whsr,
ever from The lossO these fifteensinsti-
iutlOns. For years their business had
been conducted in euch a manner that
their accommodations bad been chiefly
monOPOiized by few Of the maDssers
and faVOrites OF the institution. And the
business OF the country shas been more
prosperous, the currency has been in q
soundeF and better condition, and the
produce of The country b as commanded
more ready sale and q higher price
since, than at any time during the two
years preceding the expiration oe tho
charters of these banks. 81.
Much is said about capital flowing out
OF our State,an being withdrawn by Cap
italjsts. This is certainly en- srrOE-
Capital within. the last year, has been
coming into The State, much more rapid
ly than it has been going out. This ii con.
established BY the fact that the
price of bills of exchange on the AtIani-
&c cities has been falling, and at this time
exchange between this place and the
city of New York is actually in our favor
"a circumstance which has rarely occur.
ed in times past. The credit Of the
State, as we'll as that Of our business men
las been rising. And within the last
'sar, Ohio stocks have risen in New
FORK from between 70 and so per cent.
0 los per cent. These are evidences
recovering prosperity which cannot be
elusive. LN5f
4 De- - 49,