The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1847-02-12

tlIhdte--OT elSH u CefHIay Woulu hvt US
hardship for the people to- pay tlieir taxes
in specie paying bank notes, or in the specid
itself. The why's have also proposed iol
give III ia heme currency" and this resol-
utlon seems 10 me a good deal like mockery
TO deceived and humbugged people. For
every one knows thai no ssich thing has baeu
accomplished by the banking system of Ohio.
A "home currency indeed! Why, any one
knows that every proposition to bring about
such result has been strenuodsly resisted
and voted down by the whig patty. The
only proposition ever made TO give the peo-
pie Of Ohio home currency was made by
the democrats--and defy Senators on the
other side TO deny that proposition, namely
r--iio er,iinp~i s5znasio pay out asinr'r coun-er
Inoihing but their own notes or specie, was
not the only one that could eff5cs il. In no
other way can you secure paper currency
.conyertlble into coin at tlgeywiIlof The holder,
land drite QUA foreign bark paper The pro-
position was made by myself TWO winters ago,
as an amendment to the bank law and re-
penied last wnteH bua in both. instances was
ypo.ed' down by strict party votes;- knowingly,
on the part Of the whgsy that they were vot
ling down the only proposition that would Sc
care TO the people Of Ohio home currency,
Truly, the money-shavers and brokers. would
have suffered by the adoption Of such an
amendments, and that accou,fs iof the Stern
resistance Of the wings 10 its adoption. En-
Nr has ever fouDeb lis advocate in the whig
party, and whig Senators aud whig RcPres-
entatiyes have always been found The champ
ion of the spectators, and lseches upon iha
iadus.iy Of the people--and am therefore
not surprised that under the pretcnce of the
beneficial effects of a paper currency, the
mover Of this resolution is again attempting
to defend and peipetuate the unequal feel
ings enjoyed by faw, and TO reassart doc
trines at war with common sense ! and repug
mani to The experience ofcyery nation thai
has tried paper money. Tho wings have
been consistent in but one thing--and thai
is,in effectualIy trying 10 keep in The wrong
even where the right would serve them The
better purpose.
Mr.. Edgertsn said that the resolution be-
fore the Senate salstai,wdtbe doc,rins--iho
true whig doctrine os
Z. Blest paper credit. last and best supply,
That lends corruption lighter wings to fly"
Il vas in China, Mr. E. believed, ane
several centuries ago, that this thing Of is
suing paper money had its origin--and The
ldefnition given to its BY its celestial p sjec
tors, conveyed the true idea Of its purpose.
and practices; 10 wit:" tsking property b.
fraud, by robbery or deceit" Now, sir, ha.
not this definition Of paper money been teal
Eized in all the couHtries Of the world tha,
lhave initiated the Chinese? Has not bank
ling Eaal! ages ana in all nations, been sus
mined by /" robbery, by fraud and by deceit
\ In Vonce, in Genoa, in Amsterdam, in, Ing
4 land and II. the United States;--.n all these
and many othes-cpuntries, i has been tried
and in. every nstyRce it has Indicated the
accuracy Of the Chinese definition VIII
should We now come forward, with all the
Lights Of history and experience before US
land atterapt TO sustain a system, that has, a.
IA system, Always failcd9 The whole history
tof paper monsy. II a history of expansions
coniraGiions, frauds and bankruptcies Mr.
4 f.. demonstrated the other day, fiat pape
fdollar costs State lDst as much as. slyc
Zone. Every paper dollar RCw ID circnlstioI
[has driven ffoID liz circalaiioFs ! silver dollar
tFrous the little experience infbIsiness whici
| Mr.. Il. had had, ha believed thai the bSisnes
Of The country, and the collection and dis
Ebursement Of the public rsyeniirs, could b
ldone with JUST as much eonveniencs, ant
with infinitely more safety With a specie thar
4 with paper currency. Our foreign com
Imcrce is conducted without the Intervention