Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1848-05-05

down by ihe bocolOcO State Convention. Such
the foundation on which il would erect is poli,-
icul edi6oe. Such is the boon il of, ,rs 10 the
people Of Ohio. Such is the sum total Of the
measures Of relief thai Locofocosm holds out
to the nlightened freeneu Of the STATE. Ia
would tighten the buuhons Of the people by str.
king from existence Ihree-iouuhs Of their cur.
rency, and then compel them to pay their taxes
in gold and silverl lIwoud destroy one Of the
best systems Of banking in the world, and again
make the State the plunder-ground Of the ire
sPonsible bankers, the brokers aud stock-iobbers
Of other States. Ii would crush our own insli.
tuIons, our industry, our enterprise, our means
Of subsistence, our very existence, TO give an
impetus 10 the institutions Of other States. No
/ paper currency in existence stands higher in pub.
lie estimation than thar Of Ohio. No fault is
found to it, No complaints are made against
it, or alleged to have been made; yet, from the
Locoloco State Convention, the edicI has gone
forth, that, 'Ihough it were as pure the angels
Of heaven, it must come down."
Is IL necessary, at this day, to go into an ar.
gument 10 prove the utility Of banksl Is il ne
cessary TO demonstrate to the farmers and me.
chanies-the laborers and business men of Ohio
the absolute necessity Of such institutional To
the cotton grower of The south, who depends up.
on the markets Of Europe for the sale Of his
cotton, and who purchases his breadsluiTs from
the northern farmer, an exclusive metallic cur.
rency would prove Of decided advantage. 1t
would enable him 10 dispose Of his products at
the same price he now does, whilst il would re.
duce the value Of his breadsiuffs more than one.
half But in what way would such reduction
benefit the farmers of Oho-the wheat-growers
of the nonhl If three.fourths of the circua.
ling medium in Ohio were stricken from exist
ence, and nothing brought into circulation to
supply the vacuum, would any reasonable man
contend that wheat and other agricultural pro-
ducts would command the price they now dol
Would the farmer be enabled, by the products
Of his industry, 10 maintain his family and Ii.
quidate his taxesl The farmer who owes one
thousand dollars upon his farm, and depends up.
on plentiful crops and good prices to meet the
demand, would be left entirely at the mercy of his
creditor, whilst the value of his farm would be
reduced more Than one-half. And this is the
panacea offered to the farmers, mechanics, and
laborers of the north, 10 lul them to repose,
that they may awake in the embraces of Loco.
focoism!
Another doctrine, closely allied to the one of
: which we speak, was likewise proclaimed by the
Convention, as principle Of the Locofoco par.
ty. Free trade, with its attendant train Of evils,
, is hencelorth 10 be the watchword to the Loco.
ioco camp. A pure metallic currency and free
trade! What soul'inspiring words When Lo-
! cofocoism shall have done its worst,-when our
banking institutions shall have been trodden to
2 the earth and our manufacturing establishments
| laid in ashes,-when the owl shall hoog in the
workshop and the plow rust in the furrow-when
American skill and industry is laid PROSTATE bv
, British nabobs-when American labor goes un-
loyed-when enterprise is crushed and our
stores are filled with British fabrics, we can then
lightly repose upon our bed of straw, and dream
of the glories Of free trade and pure metallic
currency!
Farmers, mechanics and working men of tho
north, what say you to such doctrine? Would
it be your interest 10 adopt III Would it en-
hance your WEALTH. Would it add TO your re-
sources? The paper currency of Ohio is, we
presume, about three-fourhs of the circulating
mediuminthe State. If this amount were at once
stricken down, what would supply its placel-
We should be again compelled to give curren.
: cy to the unknown, and, perhaps, unsafe issues
Of the banks in other States; or forced to adopt
t the more cOnUenient currency Of 'possum and
deer skins, used in times gone by.
The banking question is, by the action of the
Locoloco State Convention, once more present.
ed to the people of Ohio? Not in the shape of
bank reform-notin disguised manner-not as
a probable result but as an absolute a direct,
an unavoidable issue. As such, the people of
Ohio, of all political parties, should look upon
E it; as such they must meet it. 1t will not an
swer to delay it. In accordance with insruc.
D tions from headquarters, the faithful are area.
dy at work. Loco(oco clubs are being organi-
, zed in every township and village. Already
are they strainingevery nerve to carry the State
Already are they boasting of their success. If
the Wigs Of Ohio would preserve their bank
ing instiutions,-f they would uphold the cred.
it of the State,-if they would cherish the in.
: stiutons for which they so nobly contended in
years gone by, III time they were on the alert.
1t is time they were organizing; it is time they
: were at work. Let every element of dscord
ha at anna d;eoopJoJ JU;,k =. ...,.