The Democratic pioneer. [volume] (Upper Sandusky, Ohio) 1845-1853, 1846-01-30
THE PIONEER.
UPPER sANDUsKY, JAN. go, ls4e.
For nert GoSeraor ofOhio.
DAVID TOD.
what the People Lose BY Banks.

what the People Lose by Banks.
The irresponsible bank paper causes the
people to pay, if not double tax every year, a
vast and extraordinary amount more than is
necessary to defray the expenses Of govern
ment. For q lodg time, yearly has taxes been
paid in bank paper, whichafter remaining in
the hands of the Treasurer for short be-
come deprecated and wortbless-thus leaving
deficiency in the necessary amotnt Of rev
enue to defray expenses, in consequence Of
which the State is compelled to gointo debt to
the amount of worthless funds on hand
This money must all be made up the follow
ing year; and in what way-by the banker
redeeming his worthless issues? No. But
by increasing the tax upon the toiling and
industrious portion of community; while new
batch ofthese swindling shops are created, and
that too, with fewer restrictions, and no tax!
With all the facts that the mind can desire
with every kind of fraud presented to the
open eye, can or will an intelligent people
submit to be taxed and robbed Of their hard
earnings to support institutions which have
for their aim the prosperity and happiness Of
the idle rich speculator at the expense of the
poor industrious hard laboring mechanic. If
tyranny and cheatry will not arouse men to
look to their own interest," we know not what
will. But we think the day has come when
men tolling hard for livelihood, will not
for the sake Of handling small bit of parper
pictured over and of no value, 60 with the
party that have no better foundation. Labor
of every description has long enough suffered
from miserable corrupt system of banking
and will rise up in its mighty strength, be-
meath which all monopoly must fall. The
unfarness and inequality of the banks have
become so palpable that honest men of all par
ties must soon abandon them and Join in with
those who are in favor of the constitutional
currency-a currency Of reality and not of
irresponsible paper.
Just for a moment look at the amount of
deprecated paper that was in the hands of
the Treasurer of State a short time ago,
twenty-three thousand and twenty six dollars,
and probably much larger sum than even
this, upon examination might be shown
Now is it not plain to be seen why the taxes
are so enormous? Take view of the misery
caused by the frauds of banking, and it will
be sufficient to startle the surprise of every
one of you who seek by honest industry to
live---yes it will cause you to never again sup
port banker for any Office, if you expect to
reap any benefits therefrom. Let every man
look into the wretched system of banking
examine the enumerable amount of frauds
by them, and then with a fearless
voice like that of thunder, give utterance of
opposition to the system. Some Who have
never examined this subject, without hesitat.
ing for moment cry out, never have lost
any thing by banks. The fact IS we scascsly
have man in our country, but what at some
time has been loser to a greater or smaller
amount, in some way Or other. IF we are
indebted to man to the amount of fifty
dollars, we work hard and obtain the same
and after having 1t but moment the bank
bursts and we become unable to pay. In the
first place we are loser, and by our losses we
cause our creditor to lose, and in this way it
passes round and every body is LOSER but the
banker, who is always safe. Every tax pay
er and every laboring man should look well
into this the most corrupt of all systems, be-
fore voting, and if the candidate be favorable
to it, tell him to stand back,