The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1845-08-12

has gained high character for IFS advocacy
Of sound democratic principles; and we were
sorry to see in that paper, of the 18th inst,
what is said TO have been written" by one
of the most uncompromisng democrats in
the district" upon "the Convention at Co
lumbus." This writer charges the Conven-
ton with recommending, the reenactment of
Latham's Bank Law, and quotes one of the
resolutions passed by that body as proof of
his assertion. A moresludicrous mistake has
seldom been made anIss able" man than
this is s'~.
The Convention recommended, in the ar
ticle quoted, that the Legislature provide
safe and efficient remedies for the people
against fraudulent banking institutions" and
for that purpose either re-enact the former
remedies against fraudulent banking, or, if
they are not Judged sufficient, enact such as
will be; and this is construed as recommend
ing the re-enactment of Latham's bank BILL
We protest in the name of the democrats,
opposed to federal banking, (who composed
that Convention) against any such construc-
tion oftheir acts. Ifthe writer in the "Ven-
ture" takes second look at the resolution
we are sure he will discover his error-
American Union.
We regret that the american Union has found
it necessary to msrepresent our correspondent
in order to place his remarks in ''ludicrousn
| light The resolution of the Columbus Conven.
ton to which our correspondent referred proposed
g to provide safe and efficient remedies for tho
people against fraudulent banking institutions,
and other corporations, by restoring the laVs re-
pealed by the tederaTist, or by passing other eff
cient laws for that purpose" And upon this
statement it was rightly charged that 1t meant the
re. enactment of that ''mess of nonsense known
as Latham's and Bartley's Bank Laws" If the
Editor of the Union can point to any other laws
to which the resolutions will apply, than those
mentioned, he will enlarge and correct our under
standing of the proceedings of that Convention.
And if he will look at the article he censures
again he will become satisfied that his protest
was most unwarranted and unnecessary, as being
aimed at position only ''ludicrous' by his mis-.
representation.
1t will perhaps puzzle many Democrats oppos-
ed to ''federal banking" to comprehend what
strange creation Democratic bank would exhi-
bit. Experience has abundantly shown that no
remedy but dissolution can protect any people
against the intrinsic evils of the system Banking
is in its essence fraudulent. AS well might lie.
gislature attempt to provide pious lotteries anC
promote honest gambling as to pass laws to make
banking ''safe," 1t is based on deception-thC
representation of an amount of the precious me
tails not in existence, and is ever liable to huctuu
tion and loss, even with the most honest manage
ment. But when all experience proves that hon
esty in the guidance of Bank is the exception
rather than the rule; when the whole hstor
of the system, in ovory country, 10 but ohroni
Gle of continual legislation, which has not in on
instance effected permanence, or protected tn
people: we can conceive no more humilatn
mistake made by liable" men, as the leaders o
party, than the supposition that it is requisite
hoodwink the people into belief that paper mo
ney is either useful or neccssary-than that me
who profess to respect popular intelligence shoU
wish to place once more on the Statute book law
already proved useless and impracticable. Ger
tainly by these means Democracy will never el
ther accomplish or deserve success in Ohio.
We protest in the name Of the Democracy O
this portion of Ohio against the proceedings q
that Convention being taken as representation
of their opinions; and we can safely assure th
Union that it is very serious " "mistale" wheT
progressive Democracy are gongbackwards
What principle has that Convention laid dowr
that will place us in advance of Shannon's OPT
n;on. in 1924 and the old worn out party CRY of Ban
reform!