The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1845-02-28
From the Cincinnati Enquirer.
Great Mass Meeting

l " We Dem0cr0cy OF CWcWnd1 ana nam
iton Comfy, to denounce the" Bank Blu
Mr.. J. w. Pa,t, from the committee, re-
ported the following preamble and resou-
tons -
Whereas, The Constitution of the UniteC
States, by IFS provisions, secures TO- the peo
pie of the several States of this Union a ma
tional currency of gold and silver coin, and
expressly prohibits the emission of bills oI
credit by the several States; and holding, as
we do, that constitution within the scope OF
The powers delegated to be the supreme law
of the lard, this meeting cannot recognize
any power direct or implied in the General
Assembly of this State by law directly, or by
an ACT of Incorporation indirectly, to issue
or emit bills of credit in any shape or form
designed TO circulate as money, and thereby
supplant the national metallic money estab-
lished by the sacred provisions of the consti-
tuition of The United States.
And achereas. The Constitution of this
State confers no more power upon the au-
thorities created under it than such as are
expressly named and such Incidental powers
as may be necessary to carry into effect the
enumerated powers, we hold that all exer-
else of power by the General Assembly not
warranted by express constitutional grants or
by implication palpably necessary to carry
into effect the express grants ofpower made
by the constitutional be high usurpation of
power. tending TO The destruction Of the
rights and liberties of the people and calcula-
ted 10 destroy the confidence of the people
in the protection of life, liberty and property,
secured by constitutional provisions.
And achereas, The General Assembly of
this Stale, now in session, have passed
through the Senate, and have now under
consideration in the House of Representa-
tives bill for The creation of a monied oligar-
chy, with powers, privileges and immunities Of
the most fearful magnitude.
And 1chereaS, In our opinion, the passage
of such bill, and an organization under it,,
would be, in fact, IA subversion Of the 60
vernment of this State, by creating an en-
CINE of power more potent than the govern
ment itself, we therefore cannot view the
passage of this bill in any other light than as
a revolutionary movement, and the aiders
and abetors, in both Houses, consprators,
bent upon the subverson of the government,
and the destruction of the liberties of the
people.
And whereaS, Experience has shown that
power is always stealing " from the many to
the few," we look with distrust upon the po-
Icy pursued by the Legislature of granting
acts Of incorporation, which, if continued in
will soon strip the government Of all power,
and vest it in corporations. Among all the
various combinations of associated wealth,
none are so dangerous to public liberty and
morality, as the banking company. Among
the many hitherto cunningly devised schemes
to aggrandize power, and plunder by the
hocus-pocus of incorporated banking, the
scheme now entertained by the Legislature
stands -eminently conspicuous as the bold
est and most wicked of them all,
Under this bank government, the State is
to be divided into twelve bank districts, or
lesser governments-theset to be under the
supervision of board of control or central
government at Columbus, the President of
which is to be the bank governor of the
State. Under the provisions of this bill, il
is estimated by its author that the amount of
sixteen millions of dollars of paper money
may be issued This substitution of paper
for the metal currency of the State, must
give those who control it, the power to fix
the prices of property Of every description
and guage the labor of every man in our
State.
And phereas, in the opinion Of this meet