The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1846-05-21
coNGREss.

In The House Of Representatives, April !,
lS46--In Committee Of the Whole on
The State Of the Upion, on the independent
treasury bill
Mr.. SAWYER rose and said:
Mr.. CnAIRmAN: !: II is not my intention 10
makeaverylong speech; and shall endeavor
10 suit il rather to the atmosphere of the
State Of Ohio than Of this House. My
friend who has Just taken his seat Mr.. HAIR
mltNsoNl has spoken my mind exactly, though
he is not quite SO radical in his opinions as l
think ( ans Lapghier;
4 4 : /: :;;';;:: !; !: Il e;
you and /, Mi. ChairmaA IgDcwHLL
being in the chair) hav pn every
stump in Ohio. II is W ri contrast
1.-The nature Of the two before the
committee. My friend ldiana, Mr..
CALEB B. sM1rn] has subniVlsd an amend
mcnt 10 the bill, proposing thai paper money
shall be taken in payment Of government
dues. We, sir, have seen the effect in our
own State ofreceiving paper money into the
State treasury; we have seen the effect Of
receiving that kind ofmoney for public pur-
poses into the treasury Of the United States;
and we have all seen the effect of receiving
la deprecated paper, and thereby destroy
ling or displacing the money of the constitu-
tion.
In the course of the arguments TO which
we have listened here, the opinions Of GER
tain gentlemen have been quoted TO show
that we hold doctrines now different from
those which we professed some years ago.
Well, sir, that is true. The man who, in
this age, and in this country, does not learn
something from experience, must truly be
j blind to what is passing around him. II is
wise for party, no less than for an indiyi-
duaI, when il finds itself 10 have been in err
4 ror, 10 retrace its steps. The time was,
when the democratic party in the legislature
of Ohio, and the democratic party in different
4 State legislatures of the Union, voted for
and supported banks. But under what cir
cumstances did they dosoG Ii was at time
when banks were ehonest--when they conduct
ed their business on fair and honest princiPs
lies. But the moment the democratic party
tsaw them acting disreputable and ras-
cally part, they dropt them; and, as a mat
ter Of course, the other party took them up
and became their especial friends, s,since which
they have rendered eoch other mutual support
and assistance.
i In our own State in the years 1888 and
1885, there we're len or fifteen banks char
tered. For FIVE sessions, / was member OF
1.-The legislature During that time | had an
6 opportunity to vote for some one hundred
local banks. did vote for two; and | gave
f those votes under these circumstances. The
depostes had been removed from the Bank
, of the United States, and the cry went forth
) that the vacuum created by the withdrawal
: |of the capital of the Bank of the United
+ States and its branches from circulation mus
$ be filed up by new banks, and that if we
: did not charter them the democratic party
would have basn dafaatad. md by .h;a false
! cry, many individuals were induced to vote
y for these bank charters. But, strange as j
! may seem, the whig party in both branches
of the legislature were able to carry then
d through. The democratic party as party
: we're opposed to them; the whig party wa'
f for them. In one instance, only four dem
, ocrats of the House voted for bank. Ye
fit is charged upon the democratic party, a
this time, that they made the banks The
: journals of the legislature, however, show
t different Is was said by Mr.. Clay, in al
: argument in favor of banking, that England
3 had her banks and had prospered under the
9 system; and that, therefore, we as natlor
a would prosper by the adoption of the bank
Q ing system. 1t may be that England's in
) terests are fostered by banks; and, according
to the inference drawn by Mr.. Clay, he
banking institutions have been the main in
II strument in making England what she is
is The question, then, for every American t
0 solve, is, would he be willing to exchang
" our stuton as people for that Of England
j. He must say no; because he sees Engan
V nation of paupers. The great masse
o there are nero slaves to the few who ow
). the soil, and the wealth of that country
G they are governed by the aristocracy, an
d their government is a monarchy. II may b
N necessary TO such government to hav
u banks, to enable the aristocracy efectuall
4 to keep the masses in subserviency. Th
whole system Of banking is an aristocracy
and is we'll calculated to aid a monarch i
Ie riding in triumph over the rights and libel
is ties of the masses. If, then, the Bank G
At England (as is claimed for it) has made Eng
IS land what she is, trust in God, Americ
j. may be saved from the government Of
d bank aristocracy, and moneyed incorpors
tons, who will "riie and rule oper til
s. plundered ploughmen and beggard yeomar
!, ry."
III A comparison has been instituted betwee
,e the security offered by this bill, and the sc
Sc curity of banks. Let us examine the tw