The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1845-05-02

ers have no exclusive privileges. Mr.. w.
said he held in his hand copy of the pre-
sent Governors Inaugural Address; and
what does he say about the prosperity Of the
people? He (Mr. W. said he would read
portion Of the address, which was as follows:
In no period of our history have we had
greater cause for gratitude to the Almighty
than the present Our basket and store
overflow with fruits; our hands are nerved
with might; our feet find rest, and our hearts
repose in quiet habtations; our credit is re-
spected at home and abroad; political aspe-
rites are softening; and the whole popula-
ton is cheerfully pursuing the career of pros
perity, education and virtue. In acknow-
ledging the hand whence all our blessings
flow, trust that my voice is in harmony with
the hearts of my countrymen. The great
inquiry is, how we can retain our rich inheri-
tance2"
Sir, IF any regard is to be paid to this do
cument-and he admitted the truth of the
position just read-the people of our grow
ing State never occupied so desirable con-
dition. Prosperous, happy, and growing in
intelligence, credit that was good at home
and abroad. And all this happiness has been
brought about while banks and bank paper
were going out of existence! Mr.. w. said
he would read agaid from the Inaugural Ad-
dress. On page 6 he found the following
language:
Legislation may ritiate a cmrency-it
seldom improves one!"
Yet, while our currency is just recovering
from an unconstitutional TO constitutional
medium, majority of the committee on
Banks and the Currency present this deform-
ity of seventy-three sections 10 the Senate,
and if it becomes law, then will the Legis-
lature have vitiated the currency, and legal
lied species of robbery. Yes, they will
rob the people of their liberties, crime that
is blacker than any other, for without liberty,
even life is burden.
The presentation of this bill to the Senate
was one of the most wicked and daring acts
ever perpetrated by any man claiming to be
a representative of the people of Ohio
And yet it finds advocates with portion of
the representatives of the free people of
this State. Such system of banking was
never thought of by the great mass of the
people, and the passage Of this bill would
be an act not unlike that perpetrated by Ju-
das Iscariot, when he sold his master. When
banks are created, the people and State be-
come indebted, and as banks expire and go
out Of existence, the people return 10 their
honesty and industry, and extricate them
ca fhatr ind NJ,
has proved tuer in the history of this Union,
than, as the country rises, federalism and
banking sink; as the country sinks, banking
and federalism lise and flourish. Such is
the fact at this time, in that part of the State
which he (Mr. wy had the honor of repre-
senting. If the people look 10 banks for re-
lief they will be disappointed-they bring
distress, but are never able to give relief,
when it is needed. No, sir; they cannot re-
lieve themselves, and that is what brings dis
tress.
1t has been claimed by bankers and their
tools, that the banks have been the great
source from whence all our public improve
mens have received their aid. Not so.-I
The banks have brought debt and ruin upon
the people and State; but the industry and
energy of the thousands who never owed
a bank dollar-men who never entered
bank parlor-have sustained our government.
1t is to that class he looked TO wipe out this |
law if enacted. 1t is to those unbought
spirits we owe our liberty They always
have been safe repositories Of equal rights
they always will be.
The Senator from Franklin (Mr. Kelley)
says he is aware that the amount of stock |
proposed in this bill is dangerous, and thinks
it should not all be taken; and on another
occasion he said, we would alarm the people
of the State by authorizing too much bank
capital. Yet the majority keep increasing
it. The Senator from Miami (Mr. OFFER
rally says public confidence alone can give
efficacy to any banking system. Sir, one
hundred and fifty years of bank relief and
bank robbery, have destroyed public conf
dence. Look into our own State treasury,
which has been robbed by banks and bank
ers. Every county, township, and school
district treasury has shared similar fate
There you can find the paper of the Gallipo-
lis Bank, German Bark of Wooster, Farmers
Bank of Canton, Bank Of Cleveland, Gran
vile Bank, Urbana Bank, John Woods Bank
Of Hamilton, Miami Exporting Company,
and some sixty others, list of which he had
before him. But this bill proposes to incor-
porate the State Bank of Ohio and other
banking companies. Like all that have gone
before it, it bears a libel on its face. An in
ducement is held out to the people to place
confidence in the notes of these banks, from
the fact of their purporting to have been is
sued with view of being redeemed hu the