The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1846-01-24

to be to drag, if possible, every far
| thing from the pockets of the toil-worr
aborer.
i Why Iii, that the bankers are moi
willing to submit to the laws governing
the great body Of the people in theil
everyday transactions? For the very
simple reason that they determine
from the beginning, if opportunity Of
fer, to act the villain, and cheat the
people. Does the honest laborer care
how MANY laws are enacted to compel
him to pay his honest debts? No.
Why then should bankers! For the
very same reason above stated they
wish TO cheat the people; and their ras-
cality must be sanctioned by law, other
wise they might be under the "painful
necessity" of serving an apprentice
ship in making saddle-trees and names
in the State Prison. IL there any rea-
son or justice in making distinctions in
favor of capitalists? If any distinctions
are made, they should be in favor Of
the great body Of the people who earn
their bread by the sweat Of their brows.
Such distinctions, however, are not
made in favor Of the people under whig
rule and whig management.
Have we any security that the banks,
created by the law of last winter, are
any better or safer than the Banks of
Granville, ,Urbana, and the others above
named? 1t is no doubt true, that for
some time to come they will redeem
all their paper that may be presented.
SO did the Urbana bank. But the time
will come sooner or later, when an ex-
posion will take place, if these new
banks are allowed to run their wild ca.
reer uncheck ed, which will cause more
CONSERVATION, ruin, and distress among
the people of our State, than any thing
of the kind heretofore witnessed by
the oldest citizen. Then will the poor
laborer, who has toiIed early and late
to obtain money to save his property
from public sale, find that he has been
robbed by the failure of some rotten
bank. Then will the debtors to the
banks find their property sold under
the hammer, while their pockets may
be full of worthless bank paper, which
will not be received to satisfy the claim.
Then will we find, in the language Of
Daniel Webster, we quote from Gales
& Seaton's Register of Debates IN
Congress, vol. 8, page s56, that "of
call the contrIvances for cheating the
d" laboring classes Of mankind, none has
" been more efectual than that which
" deludes them with paper money. This
" is the most effectual of inventions to
q" ferlilize the rich mans field by the
"sweat of the poor mans brow. Or
" dsnary tyranny, oppression, ercessiOe
" taralion, these bear lightly on the hap.
"piness of the mass of The community,
" compared with fraudulent cur, encies,
sand the RoBBERlEs committed by de-
" precated p per. Our own history
s. has recorded for our instruction
" enough, and more than enough, of the
" demoratsing tendency, the injustice,
" and the lntolerable oppression on the
/" virtuous and well disposed, of de-
" g'aded paper currency, authorized by |
law, or any way countenanced by |
" Government"
When we commenced this article,
we did not intend TO extend it to its
present length, and we therefore bring
it to close, to be resumed hereafter.
One other thuught ia addition. 1t is
said, and truly, that all monopolies are
dangerous 10 liberty; and why? Be
cause, if the people have the right to
grant, and do delegate to company
certain exclusive privileges, thereby
creating monopoly, they, by that act,
vest IN that company powers originally
belonging to themselves, thereby dives
ing themselves of portion of their
own power, and restraining their own
liberty. Then
II mon opolies are danperous IN lihertv.