Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1846-10-21


No. l6. State Street. Boston and Southeast
corner OF Baltimore and Calvert Streets, Balti-
more, Agent for receiving Subscriptions, : DYER
tsements for the s'TKLEGRAPH."
Southport April q, 1876.
Mr.. RYAN's REPORT ON BANKING An
abstract of this report viii be found in ano-
Their column, and at The risk Of being called
soft" we must express our dissent 10 il
in the main. We yield 10 no man in our
hatred of modern banking. and the belief in
the vicious tendency OF all banking systems,
but this report ou'-Herods Herod; and if we
may use vulgar phrase. runs the thing in
to The ground completely i Should its pro.
visions be adopted. Of which we imagine
there is not much danger, it would. it seem,
to US, be imperative in its very nature, and
fail 10 accomplish any Of those ends which
the author thinks, and which really are. de-
slrable. We were in hope, and We do not
yet abandon the. hope by any meas, that
the Convention In its action will recornize
some little ability on The part OF The people
10 take care OF themselves, and not thrust
legislation into every transaction of life, Of
whatever character. The author of this
report, Ike most others, has become pos
sessed OF the idea that the substance Of the
people will be eaten up, root and branch,
unless there be stringent Legislation to pre-
vent ii. Now, this Legislation is the very
thing The people don't want. They want to
be let alone; and when this Convention
guards against the granting Of any special
privileges TO any man or set Of men in com.
munty, in our opinion it has done its whole
duty, whether 10 the Democracy or 10 the
State at large. Democracy, in brief, in
our opinion, consists in ust as few laws and
few restrictions as the intelligence Of the
people may make necessary; and it strikes
US as exhibiting a very considerable want
Of confidence in the capacity Of the people
TO guard their own Interests, when such
provisions as are contained in this. report
are sought to be enacted Let Us have free
trade in this, as in every thing else. Grant
no special privileges to any man or set o!
men, but let all depend on their own abIi-
ties, their own means and resources. If |
choose to issue my promissory note, and
my neighbor chooses TO take it, let him do
so. If choose TO issue evidences Of debt
Of whatever character, and my neighbor
chooses to take them, lei him do So They
are fair business transactions between us,
and we both know what we are about.
These things will regulate themselves as
certainly and effecually as any other trans
actions Of trade or commerce, and any le>
gisation, either TO foster or prohibit, must
have a pernicous tendency. Doubtless,
some of our good logicians will say, why
not, on the same principle, grant immunity
to a thief, and permit him to carry off your
property unmoIes'edIy. There is no para
lei in the cases. If the thief will come in
the day time and carry off my property,
under my very nose, and with my own con-
sent, he is welcome to it. These transact
tons between man and man should be le',
to themselves; they will regulate them
selves: and all interference of legislation
tends 10 no other end than TO perpIex and
embarrass, and make necessity for legal
interference, which is no less oppressive
and expensive to the people, than even
vicious system Of banking.