The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1845-02-28

ing. tne system Ol paper money DdhhIhS lS
vampire system drawing its sustenance
from the business and labor of tho country,
and Since its late explosion the country by a
return TO sound currency and the repubi-
can principles ofequa rights, has in a meas
ure recovered from the shock 0ccasioncd by
bank explosion and realized comparative
prosperity, this new scheme is wickedy de-
Esigned TO again phnder fom labor portion
Of its reward: And 1rhereas, the ancient
doctrine of the Right Of Repeal, is doc
trne coexisent with a representative 60
vernment, and without which this govern
men could not exist or the rights of The peo-
pie be secure from the plotings Of designing
men-this meeting recognize in its broadesl
sense the doctrine Of Repeal. Therefore,
Resolred, That we look upon all projects
to substitute paper money for the constiu-
tional currency of gold and silver coin, as
dishonest and at war with the permanent and
solid welfare of the country.
ReSolred. That the bank bill now before
the Legislature is unconstitutional, ineXpe
dent and uncaled for by any demonstration
of the public will, and should it become a
law will endanger the public credit of the
State. by plunging her citizens headIong into
the whirlpool Of speculation.
Resolred, That in The opinion of this
meeting, the bank bill now before the Le-
gislature, should it become law, will in ef-
feet be = complete revolution in the govern
ment of the StaiG-the i6"ms may survive
but the spirit will be gone; lie Leg's'a' uFe
elected by the people will only meet 10 give
sanction and form to the edicls Of the money
power at the seat of government.
Resolved, That this meeting pledge them
selves to each other and to the democracy
throughout the State, that in case the bank
bill now before the Legislature, known as
Kelley's Bank bill should pass that body, we
will by all fair and honorable means endea-
vor TO obtain the unconditional repeal there
Of
ReSolred, That the business and the busi-
ness men Of this city and county do not re-
qure any of the fictitious aids proposed TO
be given by this bill, and the Representa-
tives from this county are instructed to en-
deavor to obtain the exemption of this coun-
ty from the blighting curse of this bank
bill; they are hereby requested in case of
its passage to enter their solemn protest
against this bill upon the journals.
GA recent decision ofthe Supreme Court
of the United States, has recognized in its
fullest extent, the doctrine that a bank char
Ter is a contract, and hence cannot be repeal
ed."-Mr. Kelley in the Senate.
What ridiculous stuff is this! Is there a
State in the Union that does not repeal char
tiers by Legislative enactmens? Does Mr..
Kelley suppose that the people part with So
vereignty when they create bank, or eighty
banks, as this bill conemp p!ates? Does he
one Legislature, and that the people are 10
submit forever, if the charters are perpe-
tual, to any kind of plundering, or selfish in
iquity that a bare majority of a Legislature
might inAict upon them? Can it be posi-
BILE that such a doctrine can be taught in this
age of enlightened government The Su
preme Court of the United States has dec!- |
ded that the property acquired under cor
poralion cannot be transferred by legislative
act 10 others than the corporators. Did Mr..
Kelley ever read Chief efJusice Marshall's ar
guments on this point? If he has, he will
never make them public to sustain such an
opinion. Has not the Legislature oflllinois
Just repealed the Nauvoo charter, where the
whole question of this power came in view
in the discussions? The argument that that
was public and not private charter, can
not avail the authors of the bank bill now un-
der the hammer in the Legislature, for sure
ly no man in his senses will pretend that
this great monster of bank bill is a pripdte |
corporation, for private purposes alone, dis
connected with, or in any way affecting the
public interest, at large. Let no one, reek-
ing with anticipation of the perpetual plum
der under this bill, suppose that the people
are so stupid, sunk in snch abiect ignorance
and slavishness, that they will not think for
themselves and Judge, too, and act in their
own defence. White men do not yet re-
quire the testimony of negro as TO their
standing before they can testify in matters
of this kind!
Has not New York, since the creation Of
her last banks, passed law restricting them
amending the original law and if you can
amend, surely you can repeal. Can men trifle
with contracts made with private individuals,
and yet set up The doctrine that charter
for "THE STATE BANK OF OHIo,n is priuate
contract, and cannot be reached by legsla-
ton! Is this the doctrine of consistency
taught us in the Capitol of Ohio? Are the
rights of private citizens nothing, and of pub
lie corporations every thing? Ifthcse things
are progressed in, how long before it would
be crime for poor man TO put his foot on
the soil of rich man?
What is the sense in our Constitution gi-
wing us the right to frequent elections, ifone
Legislative body can grant away the rights of
The people for fifty Or hundred, Or thou
sand wears? Where would be our beasted