The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1844-03-21

fore the people of the State in public expose,
endorsing and reiterating the stale and retuted
charge of our opponents, that the existing law to
regulate banking is impracticable, and proclaim
ing that the bank question in Ohio, SO far as the
democratic party is concerned, is an open and
unsettled question,
The democratic party in the State Conyontioul
which assembled in Columbus on the Sth Jang
ary last, in an address carefully prepared for the
occasion, most distinctly and definitely defined |
the principles Of The democracy of Ohio on thel
most important political topics now agltated inl
this country. In this address, the following Ian
guage is used:
"Ihe democracy, after years of unlntermtted
labor and contest, with the appreciation and sup
Iport Of the people, have trlumphed. Popular
/ rights and the popular will have triumphed over
the money power. Reforms have been introdu-
ICED into the banking system, Of the highest inn
lportance, wl5eh have received the continuation
,fof the popular voice. The popular will has sane
t toned them. Thepeoplo's viii has been execu-
r ted, and they appear for the time being TO be
satisfied and it is believed that, for the present.
further action upon the subject does not seem to
be required by the business interests of the State,
t nor demanded by the people. Whether any iur-
: ther legislative reforms in the banking system,
and if any, OF what character, shall hereafter lie
y acceptble and requisite for the protection and
: security Of the communty,Wc leave tothe iu-
c tuf8 decision Of the people themselves. For the
n present, we believe that strict adherence to,
e and rigid enforcement of, the Legislative proyis-
{; ions already made, and sanctioned by the people
:, will be more conducive TO the happiness, pros
Il perity and enterprise Of the several interests Of
|. the State and the people, than further mnedl-
u ate agitation of this apergaaing, alabsorbing,
u and vexed question:"
C A few days before the Convention, this ad-
a dress, as you will very well rocollect was care
Q fully read over in the hearing Of you and myself
L in company with number Of other gentlemen
IN for the purpose of ascertaining, whether, in our
S, opinion, there were any sentiments Contained III
ct it not in strict accordance with the views Of The
lrI democratic party That part Of the address which
Ireated to the currency and the banks, including
u the above quotation, was read more than once
t: and your opinion attho time particularly solicited
ottn regard to it. II will be borne in recollection
t. by you, that you then not only acquesced in; bu
oI|also distinctly gave your sanction to the view;
If contained in the address as was adopted Yot
asiWas also delegate in the Convention, and tool
vt AN active part its proceedings, and there in dut
1g form aided nthe adoption OF this address. I'm
, ! medately after the conventon ina speech doliy
10 cred at public table, you was understood pub
ch lic!y to pledge yourself that you would abide by
ag and maintain the proceedings and views o
ly the Convention, in the approaching political cam
er paign.
ch Under these circumstances, it must appea
he most extraordinary, even 10 your most devote
ryipersontt ana political fiesds that afer The laps
Il, of ony.fve weeks from the time Of the Conyer
in ton you should publicly abandon the position .
lc the currency question which you had deliberate
Oh ly sanctioned, and which by your concuncnc
o and approval as delegate i'll the convention yo
We had contrived 10 induce the democratic party
os. assume. If, at the time Of theSConventlon, yo
nd held the views which you express in your lete
nj it was certainly due to the democratic party,
st, well as to yourself, that you should in tfanknes
III and candor have expressed your dissent from til
lg- doctrine laid down in the address, and at leat
he proposed an alteration of it. 81
he The issue between the two political parties c
lar the bank question has been most explicitly del
'us ned, and placed beyond the reach of cav OF COZ
at troversy 1t has seemed TO me unnecessary eve
ary to notice and repel the uniounded assertions
nd our political opponents, made for mere polite
The Ietiec that the democratic party were in favor
| rency. The issue on the currency question
diff clearly and cmphatically between an unsafe al
its irresponsible system Of banking, susceptible
ur- being used as political engine on the one sid
set land system, on the othes side subject to the
be safeguards, liabilities, and restrictions which Il
the lights Of experience have taught us were nece
OF sary to secure the community against the fagra
be abuses, frauds and corruptlons heretofore prac
lre sue between the two parties on the curren
lies question in Ohio. The democratic party ha
EN- taken their position by legal enactment place
es- upon the statute book and haye sustaineditby 4
| il popular voice Of two severaIaelectons. Alsa,
riot the State Convention recently held at Columbt
act this position on the currency queslph receiv
&C. the sgnet of the appreciation of tie entire d
was mocracy of the State bya distinct expressio
mt and pledge TO abide by, and maintanit to Z
llch letter II seems TO me, therefore, thatnoden
He Ecrat need fear the humbug clamor Of ouHpoltlc
ofIopponents that we are in favor Of bQhk destft
@Ee ton,
us Yotr opinioa, that the existing law to rogal;
sre baIiking is inpracticabIe, is founded upaa
Ale facts, as you state them, "that it is claimed
enl- capitalists that it is not practicable y and al
n that as yet, "no banks have gone into operati
still under the law The declarations Of capihli
lay on subject of this kind, as humbly concei
'mi- ought not to be taken as very conclusive, I'M
J 70 much as they are made with motives of self
ting terest, The testimony Of an bntefested VIM
rlnsl Is not to be heard in the Investigation Of tru
ono You will recollect that when the bank resun
tAe ton law was passed twoAyears ago, cQpitaii
The pronounced il impracticable, and asaeYerai
on most emphatically, chat it would break up ey
and bank in the States Our political opponents
ther the Legislature undertook TO prove the meas
the 70 beimpGacticable; and gravely asserted tha'
nix lwould drive arge amount Of eapital al of