The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1846-06-13
LOOK QUIZ FOR oRlBREAKERs.

We extractthe following warning notice from
80 Charles g. Sons Bank Note Detecfor," !" OF New
York, and would remark that II looks rather Bill
lious. &@S y - ~
"BANK or WOOSTER, OHro.--The agents Of
this concern, Messrs. Lake s. Co., have for some
time past been advertisingto redeem the bills at
TO II per cent, We werssurprised to find, there
forc, that they refused to redeem those taken at
our counter to-day, at less than 8. We have no
particular faith in the stability of this bank--in,
fact, do not consider it as good other Ohio mo-
ney; aud have therefore raised the question to 8
IL percent n ta kt
Its well known in these parts that Lake is the
principal, If not sole owner of this concern. The
fact that Lake was shaving his own paper, is, OF
itself sufficient warning to the people not to touch
Il. This 10 the manner in which these manufac.
turers Of home currency" speculate upon their
own promises to pay. The fact is becoming more
apparent every day, that banks are established for
the benefit Of their owners, and for the purpose
Of fleeing thepublc. As for the Messrs. Charles's
considering this bank not as good as other Ohio
money, we can only say that the bankers here have
done all in their power to induce the people to be-
lieve that this money was Just good as any 9TH
er; and in this We fully coincide, because we be-
leve .tths other Ohio banks" just as good as it is
The only difference Is, the outward appearances
indicate that il will fulfil its destiny in swindl ling
the people out Of thousands Of their hard earnings,
few months before the balance of the banks per-
petrate the same infamy. The whole system of
banking. and paper money,s blightng curse up
on the people Of this country, and although they
may succssdfor time in deluding, end imposing
their promises upon the people to the utter exclu
sion Of the precious metals-ths constitutional cur
rsncy Of the country-they invariably terminate in
the same manner OF the Gallipolis, Urbana, Gran
vills, Cleveland, Cincinnati, West Union, Lam
caster, St. Clair, River Raisin, and hundreds of
sthers which we might enumerate--in breaking
up and leaving the people with the proceeds Of
their labor in their worthless notes. while the own
ners of the wreck retire. rolling in wealth and lux.
ury, and rotng in their illgotten gains until
new scheme Is devised, in which they can invest
their plunder, to re-enact the same hgh-handed
frauds. Ese 2a ~
This is the object and the end of this accurssd
system Of paper money banking, which has stolen
nadrs from the labor Of the country than any other
scheme ever invented by the ingenuity of man.
And yet with all these facts, staring us full in the
hce-with the woeful experience We have had
our people have been so deluded as to forget the
past, and suffer the perpetrators of such infamy
70 be again clothed with the same power under
which they have perpetrated former frauds
We'll, is it to be SO always-that people with all
the means Of wealth within themselves, are to be
fceced in this manner, generation after generation
that few who have gained wealth by these
means are 10 De permitted Dy special, unjust, ana
partial legislation, to rob the laboring millions as
they grow up into manhood, that their progsnies
may live in sloth and idleness-lving only that
labor may be more burdened by thsir loathsoms
and useless existence! Can it be that this policy
is marked out for usl Can II be that the people
will submit quietly to it' or will they, seeing the
evident tendency of these things, rise in their
might, civy, and at the boldt-box, rebuke-re-
iect, and discard the men who win and have del.
sgated these undue powers to favored individuals,
and protected mercenaries' We have an abiding
confidence that the people will correct these evils
and having this confidence, we look for time and
that not long distant, when the laboring people
will be permitted to gather the proceeds of their
hard labor into their own garner, and lie down at
night contsnted with the assurance that the thief
like lying promises to pay do not exist to rob them
Of it. What laboring man will not use his en-.
dsavors to bring about this most desirable state OF
things!-Ohio Press