Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1848-01-12

IL
Hope and Delaware Bridge Company,
the Cleveland Herald states, that on
the failure becoming known, Mr.. J. Nor
rison, broker and agent Of the broken
bank, "redeemed the paper Of the New
Hope and Delaware Bridge Company
held by the City Banks, but to the in
quiry if we might say to the public that he
would take up the notes Of the Bank held
by individuals in this quarter, he gave Q
a prompt and emphatic NO!''
Thus are the people left to suffer from
these bank failures and base bank frauds,
while the banks Of our own State, who
are parties to the fraud, are saved entirely
harmless. We sa y parties to The fraud,
because we believe the facts and circum.
stances connected with Ohio banking am
plv prove its truth. We have heard much
within the last two or three years about the
beauies of our system of banking-the
friends Of sshome currency" have enchant
ed the people with their fulsome praises of
the Ohio rag money system,e and lulled
them into u false security from which they
are fast beginning to awaken to find out
/ that they have been robbed-plundered by
the accursed system of paper money; and,
despite Of executive messages, and legisla.
tive resolves to bolster up and sustain the
rotten and corrupt system of public plunder,
the people are fast finding out the frauds
which are practised upon them through the
instrumentality Of our own banks.
l. We have heard much from the advo-
Gates of "home currency" Of the evils and
insecurity Of "Wild.cat" and "Pennsyl-
vania Scrip" currency, of q currency CON-
posed Of the worthless trash fother States,
and it was claimed, as a result Of establish
ing this system, that it would "drive homes
this worthless foreign trash,' and furnish
US with currency of sour o,sn, % 'ssaie and
SOLVENT sat all times convertible into spe.
Gle at the will of the holder" And how
have these promises been verified? How
have the hopes excited by such pledges
been realized? Let those whose labors fol
six.months have lined their pockets witt
the issues of this Bridge Company, Lehigt
County, susquehanna, Lewistown, Plain
field, and the numerous olher legalized rob
Der shops, answer. r<a. Ills
We have now, in this State, in the neigh
borhood of half hundred Of these "hom'
currency" manufactures, sucking the bloo'
ofthe laboring people, living, and fattening
upon the substance wrung from labor BY
system Of legalized plunder--with owe
eight millions Of dollars of their cotton ant
lampblack in circulation upon the .anae's
can continent, as money, and what kind o
a currency have the people of Ohio? Un
deniably as bad as when the pockets of ou
people were lined with 'Red-dog' an
"Wild-Cat." If the people Of this Stat
: were required TO pay their taxes in Obi
bank paper, Notwithstanding over e'gh
millions of dollars of it are in circulation
some,Ohere,i it would be almost, if not entirely
+ impossible to comply with the exaction. bu
the same cannot be said Of ''the WORTHLESS
1 trash Of other states;" It is scattered anon
3 us thick rs the leaves of autumn-and
? almost as worthless, too. Had the ohl
!. banks desired to drive this kind Of currer
cy from TIE State. and TO furnish the pee