Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1850-10-10
Che Gamk Cue.

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FOR TKRMs DETAIL, sEE FIRST rAsE.
BURLINGTON:
Observation-Disclosures: 10, 1850.
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Lscofocoism on Banks.
Our readers have been informed Of the failure Of
the Havre de Grace bank in Maryland. Nproved
to be regular swindling concern, the plotters in
which we hope will be indicted and punished as
they most richly deserve.
Whenever one OF these explosions takes place,
the occasion is always improved by the locofoco
press to read the public lecture On sWhig Banks"
and to siorfy the principles Of democracy, as the
only safety OF the country from charters, monopo-
lies and privileged classes. stockholders and bank
directors denounced leeches on the body pol
itic, M,sho toll not, neither do they spin" They
take the hard earnings Of the poor man and leave
him nothing but pictured rags for pay. They &C
emulate wealth by legislative favor. They sit in
bank pariors and grow rich by triple interest," while
the poor man is left to delve his way best he can,
unaided BY corporate privileges, and circumvented
By chartered monopolies.
Such is but faint specimen Of the polite ltera-
ture with which locofoco journals are filled when
ever bank happens to fail. The odnm is always
thrown on the wing party; it is always a"whig
banks that fails. Such thing democratic bank
falling, is never heard of. Whatever it may have
been before the very fact of is failing, stamps it IS
4 ewing bank'' beyond all dispute; and then comes
Z woeful lament over the corruption Of wing prin-
cipes, and the blindness Of the people that will any
longer tolerate banks.
These demagogues understand how to operate
upon the passions and prejudces Of men. They
know there IL no easier method Of exciting oppose
tion to banks, than BY continued harping on their
favorite string Of "prvilegcd orders,' "rag sris-
tocfacy" and sspartial legislation" The boring
man, whose family is dependent on his daily earn
ings Tor support, il persuaded that the man Of cap
ital 10 his enemy that he is trying to cir;umvent
him. and that their several interests necessarily
sntagonistical. Their continued aim is to engen-
der hostility between the poor and the rich; to fan
into flame the embers Of envy and jealousy in the
minds Of the former towards the latter; to produce
hatred and estrangement, where there should be
only kindness and good will. There is no reason
% far a. we can perceive, why opposition to capt.
tal and wealth in any shape, should form part of
the political creed Of any party, nor why one por-
ton OF our citizens, because they poor, should
Be encouraged to hate another portion because they
are rich. TIE melancholy reflection is forced upon
us, however, that all this is done for political effect
TO build up one man and to pull down another.
From the ssPlaindealer,.a locofoco paper pub
ished At cleveland, Ohio, We take the following:
at il now the policy of the democratic party in
Ohio to legislate no more for the benefit OF banks
Or bankers. We propose 10 let present charters
expire By their own limitation, If they are not per-
potusl, to grant them more exclusive privileges,
but b. tax their capital other property is taxed.
A fast ~ their charters expire, propose to let
them die, and such die before their time we pro-
pose to bury q suicides are buried. When the last
Bank 10 dead, and all legislation wiped out which
creates exclusive privileges to the money monger,
then shall We look for gold and silver among the
people, and Commercial! peperin the hands Of COM
Merciai men.
labor, and the rights Of the many will be regarded
This 10 the condition Of things At which the Democ
racy now aim. They are at war with system Of
legislation which builds up PRIVILEGED ORDERS in
our midst an order too, as selfish and unprinc'rled
~ Il 10 expensive. ungOvernabie, and needless. In
this agricultural State what do Farmers want Of pa
per money Banks. OF what use they but TO serve
the speculGtors in our lands and breadstufs? Does
Mechanic ever get favor from Banks? No, new
efi OF what use are they then hut to support a
RAG ARisrocRAcY men who divide 20 per cent,
Day no taxes, and sport with fortunes riven from
the people by the power and sanction Of partial
islation.''
There never was a more idle and ridiculous hum.
hug than this outcry about ssprivileged orders''-
aprivileged classes" We deny that there is any
such thing sprivileged class'' in this country
The term 10 we'll enough known, bnt the thing itself
10 wholly unknown. How do the stockholders in
IN incorporated bank become assprivieged clasps
Are they eel apart BY law to political other rights
which the body Of the community cannot enjoy p
Hnot, then they are not ssprivileged CLASP The
elder sons in England, inherit property by primo
Sontture; the mobiles are hereditary legislators
The Brahmins in India are hereditary priests
Here srs apriviieged classes" No one, not be-
longing 70 one Of these classes, is entitled to the
fishts Of such class But whatever right franchise
property or business the whole community may
enjoy, Is no s.privieged class" tits contradic.
saoa in terms, to call it so. There is not voter
who goes to the polls to cast his vote who is no,
more ssprivilcged GLASS;, than the stockholders in
sOenk. To he voter, one must be 1. A man,
,. Twenty Zone years of age. 3. A citizen with ,
csfsain residence. This will comprehend abou,
ons-stxth Of the whole community. Ye. we hear
no oenunciation Of those who enjoy the right of suf
Hags - being ssprivileged class" How is il on
'hs other hand, with the ownership of shares in q
ssnkS There il no one in the community who mav
NOS Dc stakeholder. Women, minors and aliens
who cannot vote, may yet hold stock in bank
ana such mode Of investment is often sought by
Msn. Now, which il the most exclusive privilege
Sne right OF voting which excludes fiye. sixths n
tAs community, or the right Of holding bank STOCK
which includes the whoiee The truth il mics
sas voters are %, there is sprveged CLASP, II
this country. =
But il is urged that the laborng man cannot ava;
hinsef Of the privilege Of taking bank stock, an,
that ths men Of wealth and capita, are AWAY. n,
drst to monopolize it. Well, we should like 4
know II It 10 not az easy for man in possession q
1i,oeo to buy bank stock with it, as it 10 to bu
land. II he has not got the 1000, he canno
certainly expect to buy other peoples land or ban
stock, without paying for it. Fifty dollars viii bu
forty acres Of public land land. Well, fifty dollars
will buy share OF bank stock; and the poor ma,
with that much money in his pocket, can DO az HI
plsasss-he can become landowner or a stock
holder in bank. Shares of hank stock are in thu
market, just - land 10 in the markets the man who
has money can buy either, and the man who has
none can buy neither.