Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1847-03-10
For the Telegraph.
Mr.. EDlToR:

As but sFott period of time is allowed
us "a few weeks) to investigate the merits
Of cur proposed Constitution, i, is to be
hoped tha, every elector VIII pause and
candidly weigh he effects, both Of adopting
and rejecting it, and if nine-tenlhs of the
Iaborng population of the Territory 10.
gether with those who are favorable TO the
principles that bestow eauaI favors to all
classes will minutely read every article of
that c0nsiitution-make Up the; minds can
didIy without pIejud CO toward either patty,
then lis adoption may be looked upon rs
certain. But there are demons in the
land who need demons to combat with
them. There is trait in human nature
all over the globe, that aspires TO power:
and as money is power, or its most need
fol agent, these demons are even seeh ing
10 shape our constitution and laws in
manner 10 acquire it profnseIy without la
Dor, and it was a wise preeautlon oil Poor
RichaTd' in your las, number. thai ''everv
government should by It's egslation. saeh
TO make the n-prodacing class as few as
possible" Ii is but TOO true Of every coun-
Try, :hat there is u class Of non producers
following up the Iaborer 10 get his earn
ings, and in nineteen cases oui of twenty.
he manages TO get it, and through such
artful and and ind rect means that we com.
mon people. we farmers, for Instance, who
are reckoning on the proceeds ofour thous-
and bushels Of wheat at the end Of the year,
wonder how so great share Of Our money
is pAcketed by a class of people that do
not work. BIT to the Constitution. Shall
we embrace it as wise. prudent and
cautious system TO set out upon in our
career as prosperous STATE, trusting to
lis own provisions and the people 10 amend
It when needful? or shall we reject 1t end
again go through with all The necessary
pieamblcs in calling another convention
together at a vast expense and delay ,trust>
ing to luck for better, or for worse?
The most objectionable point in the
proposed constitution in the eyes Of liz
enemies is that it guards the Legislator
against the establishment of Banks! THIS
in my estimation, is one Of is best quail,
ties,-one OF the best provisions, at this
early day. that could be engrafteI into the
constitution o. new Stale more than q
thousand miles west o. the Atlantic. GA:
facilities for trade with the Atlantic cities
and the whole eastern world, together
with the vast natural resources ofour soil
and country, puts the necessity for banks OF
our own making out Of the que s,ion. Who.
in his senses viii be persuaded that our
wheat, corn and pork, will rot on our
hands, or at the lake shore, for wan; Of
money to buy it. Are there not, even at
tbs time, in Tie Atlantic cities, a million
Of dollars in gold and silver. ready in the
spring 70 be forwarded 10 buy orr produce?
Let good enough alone, and receive gold
and silver for wheat, and in due time the
) ate OF Wisconsin will be permanently
rich and prosperous, and her riches will be
spread far wide over every par; ofthe
country; every laborer, every farmer.
every mechanic, as well as merchants and
professional classes, will have their share
10 due time. The riches are 10 spring up
from her soil and her mines-both are cx
tfemeiy fertile, and will discount more
fairly than any bank that can be establish
ed. Pay rs in good coin, and in twenty
years Wisconsin will be rich and hspDv.
as far as money is concerned; and al that
lime, too, Will be able alone TO feed the
starving millions of the Old World. Bot
establish a bank a, every port, and the
Industrious people of the country NAV saw
farewell TO safe and good currency. Not
single gold eagle will ever be seen as
lar west as Walworth county. No! the
hard paw OF the 'aemer and mechanic cans
handle so precious thing, is destined
to be touched by the lighter fingers Of the
Bankers and Brokers, and dealt out at
their will to the people of Wisconsin. And
VIVA. VIII be the result in twenty wears?
Why, thousands Of our industrious peonle
will be ruined by bank failures. This is
not meant for for fancy sketch. bu, facts
that may be reasonably relied on. Look
at Tho rulnous effect of banks TO the labor
ing class in Michigan and other new States
bordering on our Terrtory,--where are
the banks of Illinois? Many of her indus.
tnous inhabitants who have been ruined
by them could answer. The neonlo or
Wlscongin are yet unfettered--t are
yet on the favorable side of the hedce
The veto power wholly in their own hands
they will be likely 10 use il TO their advan.
,age while they are possessed of it, and
keep down such ruinous institutions -,
least till they are needed.
Ihere are plain reasons, we'll known 70
all or at least to oil unprecedented minds
giving 1t a months reflection. that a, This
early day, banks canno, be sustained. In
me slate of New York, banks bill NAV be
kept IN circulation for years withou, heinz
returned 10 the bank for redemption, While
IN Wisconsin, there vii, be continual
press upon The banks for specie. Where is |
HE mere hani that will convey our paper
10 New York 10 nnrchn 70 nnodn