The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1846-06-25
BANK OPINIONS.

Gojh and sifDcr Us. bank paper.
No stsss shall snter into any treaty alliance q con,
~: emit bis or credits make anything but geld and silver
soi payment o. debts pass any speinaef
ss ssrss. = ss any sitis Of nobii,y 10 II tie esn
ssitHfien Of fAs Uaifsd 6fafss..
Gen. Washingfon's opiaion.
~ never heard, and / hope shall never hear any
su, mention q gpss oSs w svs ia ss world
could not devise more snessunl plan o. running vif
siGls wssnlnsen. In sissr TO Mr. sons of Mary
And 5o ssys n.s ssrups 70 declare that Il had in
omission upon the general principle OF lie utility
ssDssisuse for coin. or the necessY Of iss as me
dunn"
.o,s,elv believe that banking institutions moro
s.nsernns than standing armies 7aomas1 Jefsrsea to
JSSS TTglor Of oaroiiss, Nay 90, 1910:
n, ~ AZ arstocracy founded banking institutions
ana interpretations, riding and ruling over the
pdnds,sS nsss Sss iae BLESSING 20 Tie monarchy their
Art nip, and peihnps the surest stepping stone to H.
see nothing m this but general demcrazaon OF this
nation. anda chns from It's honest industry ana earn
% John Adams's opinion.
at will be in vain 10 talk Of public credit until we re-
,urn 10 she pure unm1sd circulation Of standard gold and
james Madison's opinion.
James Madison in the Federaist at the dose Of long
Il aSa,tion 10 ali these persuasive
NAV be observed that the reasons which show tne neces
denying 70 s ass as Uus q nos 10 BE-
liberty 70 substitute paper medium In the place q
Gen. Jackson's opinion.
Give them (the working cnsses) honest government
f,eedom from monopoes and privileged classes, hard
money not paper currency, for their iahor and all
viii Be- welh--JaeksoHs last Usrds to ths american
Y
Drive out ai paper, and specie will flow In uponus as
the fide."-dndrep Jackson.
imposed upon people, that There Is not specie enough IN
ts world 70 answer all the necessary wants OF the com.
mu9isy -'aadrsD Jackson to Moses DaDso" ''0''M'''
Judge Tappan's opinion.
"If you prohibit the banks from issuing more paper
shnn they have specie redeem 1t with they will not &C.
eept charters They would rather loan out money
they In their vaults than 10 be at the expense OF
making paper money II they are to make no pront on u,
Men rho hare money do not oant heenes 70 isnd Tney
while ali the rest Of the community find unlawful TO de-
mand more than six per cent. ."--7appan,
General Harrison's Opinion.
"Ism not bank Once in my life was; and then
they cheated me out eosrg dollar placed IN ther h3na
---Gsnsral Hsrrisons Dayton speech.
Henry Clay on Corporation.
what m corporation. such as che bill eonsmpia,es,
splendid association Of favOrsi indiyiduas taken
and surrounded with immunilies and privileges.
But all interpretations enjoy erelnstue
preiisgsshat s the corporators have privileges which
no Others possess and il you fifty corporations in
stead Of you have fifty privileged hod'es instead OF
onep-Spssek of Hon H. Clay In the United States Senate
february 9 1911, the reeharter Of s United States
Bank. @t
Daniel Webster's opinion.
of all the eontvhnces for cheating the aborng classes
Of have been more efeetun than that which
deudes them with paper money This the most ehectua
Of Inventions 10 fertilize the rich mans field with the
sweat Of the poor mans brow.-Danid Webster in the
United STATES Senate, 1899
Extract from Mr.. WRBsTERs speech on the Bank OF the
Un ted States, February, 1876
% No nation had better currency thnn the UnNed
etates There was no nation which had guarded its cur
rency with more care, for the trainers Of the consuion
were hard money men. They had felt and therefore duly
appreciated the evils Of paper medium They therefore
peduously guarded the currency of the United Sthei
from debasement The legal currenev OF 'ne Hnneo -
regard which the Congress had run into no folly Gold
and silver currency he said was the law OF the land a
home and Che law of the world abroad There could, In
the present of the world be other currency In
specie from circulation, the government had been obliged
In direct violation of existing Statutes TO receive the
amount of their in something which wns not recog
missed by law the monty of the country, which was moi
In fact, greatly deprecated.
"Thls was evil which ought to be met at once be
cause II would grow greater ny indulgence In tne end
e taxes must paid in the legal money Of the county
and the sooner that was brought nhout, the better
III Congress pass forty statutes the subject
he said, they would not make the law more conclusive
than was, that nothing should be received In pay
Of dues to the government but specie And yet nc
regard paid to the imperative inuncons OF the law
on this subject The whole strength Of the h
was Of opinion ought he put forth compel the paymen
of the duties and of the in the legal cur
rency Of the country"