Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1847-10-08


iaigrs were soon to be brought 10 the test, and
their leaIiy TO parry Was about to be tried BY
their obedience 20 the dctaiion Of It's leaders!
And the seeasl shows, tha, they possessed as
mach serSill'y as any other despot should ask of
his ssrlsl Fer by reference 70 page 27l Of the
Journal Of the House, it will be seen, that on the
s'h day Of January, 4 bin was presented, 10 car.
ry into effect The aut-bank resolutions adopted by
The convention ihepreyiousday The provisions
OF ;ha; bill, maj bs found on page 6es Of the
Journal Of the House: and they are such as de.
nand the attention Of every man in the State.
But as there NAV be some who will not have an
opportunity to examine that Journal, will here
give them on opportunity 10 know what those
who control the locotoco parry mean, whcn they
talk Of repealing the bank law. Section ], pro.
yldss for the unconditional repeal Of the bank
lawl Section 2, allows the srisilHg banks one
yf1r 70 close up all Htsir bRsiHsssN Section ),
prohibits them from issuing any more paper. after
The passage Of said repeating aclll! Here then
was bill, about which there could be nc misap.
Prehension--fnr its provisions were expressed in
language definite, clear and POSITIVE.
have sometimes met with individuals who
seemed 10 think that all the locofocos intend
when they speak Of repeating tho bank law, is
merely TO prevent the formation Of any more
baaSs-bui that these now in existence, would
De permitted to 90 on and transact the business of
banking. But all those who have aborsd under
sucn deiusiol, may SET themselves rghl BY ex.
aminngih aoovs bill: for it may there bo seen
thai they seek the destruction Of 'CYsting banks,
as we'll as the repeal OF the law under which they
hold their existenoe Let ia. 'rsemen of Ohio
think Of this: aud let them reflect upon the dis.
aslrous consequences Of such procedure.
And lot all who desire to handle the notes of
Ohio banks, remember that this bill was only
prevented from becoming law, through the firm.
ness Of the Wing members Of the Legislature!
/ Though many of the locotocu members had been
elected, protesting belaro the election 10 be op.
posed 10 The repeal Of the bank law; yet but one
member Of that whole party voted against the
repeating bill; and that vote sounded his political
death knell--ior h3 will never be forgiven by
the leaders Of his parlyI lie was most bitterly
denounced and most shameGuly abused al the
time; and al the next election he was uncercmo.
nlously cast aside, TO make room for one whose
neck would more plainly yield 10 the yoke Of
parry bondage. Al this critical iuncture in the
affairs OF our State, The Wings stood firm in de.
/ fence of the interests Of the people; aud IN con.
sequence thereof, the banks Of Ohio arc still in
existence. Well, The election campaign Of Il.
mother year rolled around; aud as usual, The 10.
coloco candidates for the legislature are sudden.
! ~ mctamorphosed into great admirers Of The
bank law, and would do all in their power 10
/ prevent its repeal And some were elected, in
consequence of having made such professions to
the people! Bul let The reader accompany me to
the Hall Of the House of Represeniaves-and
let him there attend on The Glh day of February,
l647, and he will find resolution which contains
the following declaration Of principles:
lsl. That banking is vioIative Of the conSlitu.
ton of The United States and STATE Of OHIO!
2nc. That they are therefore neXpedtnt and
Sh0uid be dispensed pihP And
Sd. That the legislature have at all times the
right to repeal any charter granted for the pur.
poses Of banking!
Here then stand the 'dcmocracy' Of Ohio,
boldly charging the fathers of the Republic with
lramplng tho Constitution beneath their eet--(or
it must be borne in mind that in all periods Of our
national history, banking institutions have exis.
ted amongst us, and that they have been sane
TONED and approved by tbs wIs,st and greatest
mon Of whom tho Republic can boast! And
though several Of the Iocofoco members had
been elected rs lricnds to tho bank law; yet not
one Of those proIe5sad bank men dared to re-.
cord his vote against these m1nslrous PROPOSE.
tons!
Readcrl how much dependence can you place
upon such bank mon,' as these locoIOcos have
proved themselves 10 bel Bat let US trace this
subject still little frlh,r-and for that purpose,
lot us 60 to png, 3l7 of the Journal of tho Sen.
ate, where we shall find the following resolution
off red for adoption;
"ReSoirei by the Senate and House Of Rep.
rescn;alives Of the Smuo OF Ohio, that the busi
ness of tho ctizlns of this sralo, demands n
sound and safe paper currency Of our own; and
that it is 'imprnclicabe and nexpedenl TO make
any legislative provisions whereby We would boI
compelled to pay our taxes in gold aud silver, aud
that is not therefore advisable TO repeal the sew.
eral laws by which our present banks are estab.
Ishcd, or otherwise To destroy the existing paper
currency OF the State"
BY reference to page 35l Of the Journal of.
The Senate, il will bo secn that every loculoco
Senator voted against the passage Of this resoIu.
lion, except Mr.. Thomhill who was not in the
Senate when the volo was akenl Now rcaderl
60 back and review that resolution: and after
having carefully done so, what do you find about
II which should have called forth such united
opposuoni But we will now 60 to the Journal
of the House, pages 562 and 3, and we shall lind
that every locoioco member of that body, record.
cd his vote against the passage of said resolu.
uon. So that as late as near The close Of the
last session of tho legislature, we find the locoio.
co members of hoh Houses, asserting bv their
votes that tho business of this State does NOT de-.
mand sound aud safe paper currency--Ihat il
would be proper Iorcqnre our business to be done
aud taxes TO be paid in Gold and Silver: aud that
II is advisable TO repeal the several lawsby which .
our present banks arc estnblshod'l Let it bo |
remembered, that these several propositions were
voted on separately. So that The plea of votng
nnnlnsI ono hccnnsn il Mns cnnnlnl with nnn1hnr |