The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1846-03-28

effort 10 raise the cry OF Kelly party, ~ too silly
even for Mr.. Morris, and that other cant phrase,
"the Constitutional Currency issue,' is rather
tame for an enlightened community. No one de-
nies the propriety Of Constitutional Currency.
| and we think Mr.. Morris will acknowledge that
these fathers" he talks of, had paper currency,
and approved of such while they adopted the
g Gold and Silver" basis, as Constitutional. The
great father of his country, himself, gave his ad-
herence to bank of the Union, although he dep
recated the excess OF paper issues"
If there be justice in having fastened upon the
people Of this State system Of banking almost
exempt from taxation, while the people are to be
taxed at the cash valuationsof all their property
if it be right that bankers shall have laws passedfo
their especial benefit, and which do not extend 10
the people at large--if there be justice in allowing
bankers, whenever they choose, to opprssss the
people by explosions, by |" contractions and ex-
pansions,' and by exemption from liability to pay
their debts, while the poor mans last foot of land
must go to pay his-if it be right to exempt State
stocks, bearing interest," from taxation in the hands
of rich capitalists while the farmers lambs and pigs
of six months old are taxed--if il be right to allow
bankers to draw interest on what they owe-if all
these things be right, then is it 'nonsense"to
raise {" the cry of moneyed arstocracy." If all
our Revenue laws, Bank laws, Tax laws, &c., &C.,
have to emenate, as they do, from Alfred Kelly,
then it is right to call the whig party the "Kely
party" If the States are prohibited, by the Con-
stitution as President Madison and Judge Story
say, from issuing bank paper, then il is right to
raise the Constitutional currency question The
Chronicle, by saying that " no one denies the
propriety of Constitutional currency" and then
favoring an unconstitutional currency. exhibits the
base servlty of the whig press of Ohio to bank
ers," The concluding paragraph of the Chroni-,
cles article is as follows:
The question isppt, now, between excess and
moderation, but, between moderation and destruc-
ton. The time was when '' democracy" arranged
itself in favor Of excess in bank issues, while the
wings were for moderation The wings still re-
tain their ground, while the "modern democrats,
have taken shute TO the other extreme, and now
90 for destruction. Let the reader look closely,
however, to Mr.. Morriss document, and he will
find that the object is to array the preudices ofthe
people against the whig editors! 'The base
serviity," he says, of the whig press of Ohio to
bankers is, beyond doubt, without its equal in the
history of any country" Ay, there's the rub; the
whig editors are all bank-bought. But why be
afraid of wing editors! because, he is afraid that
some of the softs are bank-bought, also. The
great effort is no doubt to party lines, and whip
the refractory into the traces. Let the people
watch these insipient movements!"
An assertion is made in this paragraph the truth
of which we deny, and we call upon the Chronicle
to fix the time when the " democracy arranged
itself In favor Of excess in bank ISSUES, while the
Whiqs we're for moderation" Were the wings in
flavor OF moderation when such banks as Urbana,
West Union, Granville, Canton, and host of 9TH
ers, exploded' Were they in favor of moderation
when they refused at the time of the passage Of
the present bank law, TO vote for amendments to
limit banks to issuing A, b, 6, and dollars to p
The Chronicle has stumbled upon truth, probably
unawares, that " the whig editors are all bank
bought" We do not suppose that all Nhig editors
have received their ffty-two thousand dollars, as
did Webb of New York. but we suppose this, that
they other means of enriohing themselves
AT the expense Of the iaboriug community except
by supporting swindng system of banking
Taking the whole article Of the Chronicle together,
and especially where 1t says that 8. the time was
when democracy arranged itself in favor Of excess
in bank issues, while the wings were for modera-
ton, and 1t plainly shows that " the base servii
ty of the schig press of Ohio to bankers, is, be-
yond doubt, aoithot its equal in the history Of any
country"