The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1850-07-26

genuine sympathy, we beg of them to be
distressed no longer with the idea that
a Wing Of twenty years standing wIllin
the hour Of victory desert the standard
of his party.
The CUnRENoY QUEsTIoN-T The Ba-
tie to be fought Ooer Again.-The "hard'
report of the Committee on Banking in
the Constitutional Convention, and the
harder resolutions of the locofoco 4th OF
July Convention, must convince every in
telligent man who takes an interest in the
policy of our State Government, that the
battle against the commercial interests ol
Ohio is to be waged m6re fiercely than
ever and that the object of the Radicals
in the Democra lc party is the entire de.
struction of Banking in Ohio. 1t is Use
less longer for the moderate men ct that
party to evade The issne or to Hatter
themselves with the idea that the Radi
Gals will Aot in the end be able TO con
troll the policy Of their pariy-they have
made the issue and placed it prominently
before the people aud victory for them
will be claimed as the decision of the
voters of Ohio against all Banking aud a
gainst the circulation OF a mixed curren'
cy. Under these circumstances, it be-
hooves good men, who have an interest
in the prosperity Of the State, to unite IL
oppnsitioh totIinse radical and dostruc
tive measures, and prevent their adop
ton as a part of The Internal regulations
of our State.
In referring to this issue, sensible
and shrewd contemporary of sisteI
State makes some good suggestions anc
gives strong reasons why The policy o
the Locofoco party should be for once
aud signally Condemned by the elrlzcn
of Ohio. The Buffalo Commcrciat ii
speaking of New York, says:
The Democracy were called upo'
!: BY dill that was sacred t" put down thu
Bank aristocracy." while their leader
, were engaged in chanering and plumber
E ing banks BY the dozen, But the peopl
, gol into power on certain occasion
and put all end 10 the corrupt and cor
rupting system Of special charters, whc
! had hatched odt BROOD Of rotten bank
S to prey upon the Stale-to defraud tn
b:ll hnlders aud td cdusiime the safet
fund. The business of banking wa
= thrown open and made free to all ~h
= possessed the adequate means of embark
u ing in it,
r After giving the Hard Money resol'
e tions of the State Convention and the rt
g port Of the Committee, the Comsmerti'
1t adds:
IS The adoption Of the above report
@ and the Incorporation of its principle
into the Constitution, would be a sa
misfortune for the great and prosperot
State of Ohio. 1t would arrest her CT
a reer, cripple her energies; and pdt
" stop to the development other resour
II es. Such violent revolution-such q
), important change in vital matter I'm
that of the circulating medium. as is he
contemplated, cannot but be altendt
/. with adverse results. Wisconsin is no
ir reaping the bitter fruits ofthe pruhibtiC
n. of banks within her borders. Her PIE
|, pie are now at the mercy of brokers al
shavers, ard Capitalists riot upon the n
g cessties of her business men. Twenl
" twenty FIVE aud thirty per cent are u
ly unfrequently paid for the use o! NONE
ri In fact, these are common rates--ruino
:, though they be. All facilities of bnsine
)" are cut off--there is not specie enough
ct supply tithe oflhe demand, and the CO
as sequence is seen in the high rates of
ce terest which are demanded and pa
;, Ohio, in the event Of the engrailing
such prohbitory provisions upon her I
"u ganic law. will be placed in similar |
stion. She will then be the "fal COOS
m to be placked by the capitalists of all
IL. neighbors. We think, however, that
,s few years of bitter experience will bri
the people to their senses, aud that
"a pndiation Of HE tinkering demagog'
Ith Who now rule the dominant party, Y
lis bo the Wholesome result Of this uItrai'
no and iha, OHIO will ,heH adopt the true
ar:: publican system of free bankiug,in VIII
-, : all may participate upon ali equal f
'S' ing"
r' The report and resolutions we p
Ior lished some days since. The issue is
''g pretended to be based upon The pres
oS' banking system or any 6Iher--it is op
es' sition in all its FORMS to all systems
The Banking and to the circulation of all
nd per money. 1t is opposition to syst
OF which has been gradually improving v
IS the wants of commerce for over two h
I'VE dred years--growing up and gradu'
Ne expanding with the march of civilizati
'ey and its abolition at this time would nee