The Democratic pioneer. [volume] (Upper Sandusky, Ohio) 1845-1853, 1847-02-05
Yours,
LET EACH STATE FOLLOW.
'B. >

The constitution in every state, like Wiscon-
sin, should prohibit the issuing, cirating and
manufacturing of all banks, of every descrip-
tion. The corrupt system of banking has
endangered the internal affairs of our happy
Union, more than all other institutions or
combinations. More robberes have been
committed by bankers than by the lawless
chains of highwaymen that infest our land;
and yet the system Is upheld by many as one
of the necessary evils with which we are to
be cursed. Let all evils be cast from us as
as fast as possible, and those calculated to do
the greatest I'M uries be the first. Some men
say that If all states would go into general
reformation and Danish all banks, they would
Immediately join the Democracy and the glo-
rlous cause OF the total destruction of all
bank paper circulating as money. Well why
not join in with the Democracy and help
to bring things to the very spot they profess
to want them! No good reason can be given
1t is out of the question to have all states act
alike all at the same time; but let us com
mence the reformation, and state after state
will follow in our train until the rotten sys-
tenn Of banking will be numbered with the
things that were.
1t will be seen by the following article
from the constitution of Wisconsin, that the
bank reform, or as some politely term it, bank
destruction,' is rapidly progressing. The
job will be done up, and then many of these
bank men will claim to have aided in accom-
plishing the noble work, as did many Of the
last war after peace was declared, they had
done all the fighting. But to the article
mentioned, so that the stand taken by Wis
consin may be seen:
ART. Kill. There shall be no bank Of
issue within this State.
92. The Legislature shall not have pow
er to authorize or incorporate, by any general
or special law, any bank or other institution
having any banking power or privilege, or to
confer upon any corporation, institution, per-
son or persons, any banking power or privi-
lege.
03. It shall not be lawful for any corpor.
alton, institution, person or persons, within
the State, under any pretence or authority, tc
make or issue any paper money, note. bill
certificate, or other evidence of debt whatev.
er, intended to circulate as money.
"a. 1t shall not be lawful for any corpor
alton within this State, under any pretence OF
authority, to exercise the business of receiv
ing deposites of money, making discounts, ol
buying or selling bills OF exchange, or to dc
any other banking business whatever.
'45 No branch or agency of any banking
institution of the United States, or of any
State or Territory within or without the Uni
ted States, shall be established or maintained
within this State.
80 1t shall not be lawful to circulate
within this State, after the year 1s47, any
paper money, note, bill, certificate, or othe
evidence of debt whatever, intended to cir
culate as money, issued without this State, o
any denomination less than ten dollars, o.
after the year 1s49, of any less denomination
than twenty dollars.
~. The Legislature shall at Its first ses
sion after the adoption of this constitution
and from time to time thereafter as may b,
necessary, enact adequate penalties for tn,
punishment of all violations and evasions o
the provisions Of this article
Several other states have engrafted simila
provisions in their constitutions, and why no
Ohio, Is it because so many wealthy mel
live within her borders, who by their richie
become objects of special legislation, Sucl
must be the case; for the laboring class 0
community receive no special prIvilegs at tn
hands of our Legislature. The poor ma
that makes money, has to do it by hard indus
try and perseverance. No laws are mad
giving him power to issue and circulate thre
dollars for every one be has. Special privi
leges are q curse to our free institution. an
the sooner Danish the better for our people.
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