The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1845-09-16

o. hee0tDed, That liberty consists in the
utmost freedom Of individual will, individual
action, aud individual responsibility. Thai
to secure this, sthe proper object Of govern
ment. That the genius of Despotsm always
aims at the transfer of power from man in his
individual, to men in their collective 'capa-
city; hence the first object is 10 concentrate
the utmost power in government-the next
is the creation of an aristocracy, by letters
patent or acts of incorporation, both aiming
at the establishment of permanent order,
with hereditary or corporate succession, ell
dowed with privileges and exemptions, and
invested with monopoly ofsome great source
Of power and profit in the community
Hence all the reforms of modern government
have consisted ia wrestling power from men
in their collective capacity, to restore it to
man in his individual capacity.
~. Resolped, That feudal aristocracy was
founded on sounder and nobler principles
than the corporate aristocracy of the present
day. The powers and privileges of ancient
baronage were confessed in consideration
avowedly, of feminent ability, virtue, or public
service, and were held on condition of render
ing extraordinary aid 10 the state. But cor
porate privileges, and even the great public
trust of regulating the currency are now con-
fered on men without any pretentions to
ability, public service, or even any guarantee
of probity-but upon the sole condition Of
subscribing stock; thus delegating the most
fearful and irresponsible power over the in
dustry and property of the land to those TO
whom accident or artifce may have given the
sole qualifications.
8. ReSolped, That the corporate privilege
of concentrated means, limited liability and
protracted succession beyond the casualties
and conditions of individual action, ought not
to be conferred on money, which is one of
the forces of society, already too influential
10 be duly restrained by moral and intellect
ual power, which can derive no advantages
from corporate existence.
9. ReSolped, That before the Bank law of
last winter the people of Ohio were making
rapid progress in prosperity, notwithstanding
their previous banks. The people had dis
covered by the sudden cessation of half the
banks in IS42, without reducing prices or
impeding improvement, that banks were moi
required for the useful purposes of trade and
industry, and the remaining banks might have
expired and with them all agitation Of the
currency question, and consequent disiur-
bance and uncertainty of business But the
Wing Legislature has resolved to tinker the
currency again-to renew agilation-to re-
establish instability, and TO destroy confidence
by bringing back all the dscordant elements
of flactuation.
TO- Rcsolred, That the attempt to raise
prices by the creation of banks is equally
impraciicable and disastrous. If the prices
of produce in Ohio should be advanced by
the new banks, all who buy such produce,
even if citizens of Ohio themselves, would
resort to neighborng States to make their
purchases-an1 Ohio produce would accumu-
late until it should fall in price again, or rot.
If the price of labor in Ohio were increased
above that Of other States, how could we sell
the produce of that labor as low as other
States? And if we could not sell as low as
they, we could not sell at all. If the prices
of merchandise imported into the State was
advanced more than elsewhere, we should
soon be filled with the goods of other States
and foreign countries-lnd all our hard money
taken away in payment.
IL. Resolred, That the public revenue of
Ohio amounts, each year, 10 more than two
millions. To accept bank notes in payment
thereof is to lend the banks that sum of the
peoples mon y without interest, a privilege
for which the banker pays no equivalent,
whilst he exacls interest from every one of
the people who borrows of him so That he
makes the people pay interest on two millions
of their own money. The whole circulation
of the banks, whilst in the hands of the peo-
pie, is in fact loan from the holder to the
banks, amounting, on an average, to five or
six millions-and no, these loans the banks
receive an interest of about half a million
annually.
IL. ResoIped, That inasmuch as the paper
money system is not only useless, but unpro-
fitable, immoral, unsafe, and despotic, it be-
comes the duty of the State to abstain from
giving it countenance in future by taking
paper as money in the collection Of State
revenue. 1t is neither right, nor proper, nor
democratic for government of the people
to take for money the promises of small
class of the people, and that class the rich,
and refuse the promises Of the great mass
who live by their labor.
l3. Rcsolped, That the existence of paper
money being thus an evil of such magnitude
public morals and public policy require of
the Legislature to prohibit Courts Of Justice
in future from sanclioning or enforcing any
contract or transaction in such a currency.
= IA, Resolped, That the repeal oftbe Bank
law of Ohio, the collection Of the revenue of
1he State in gold and silver, and the Legisla-
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