The Democratic sentinel and Harrison County farmer. [volume] (Cadiz, Ohio) 1851-1852, 1851-12-24
War Upon Banks, &C., &c.

next session of the Legislature, an act re-
quiring all taxes and dues of the State to be
paid in coin," will be passed; that "war up
on the Banks" is to be the order OF the day,
and many terrible things have been resolved
upon by 'thc ruling spirits of the loco-foco
party"
All this is manufactured out of tic simple
recommendation of the State Auditor elect.
Mr.. Morgan suggested, some weeks since,
through the columns of his paper, the Ohio
Patriot, the propricty of the Legislature pas
sing a law making it a penal offence in any
financial officer of the State ~loaning, or 9TH
erwiso improperly using the public funds,
This suggestion was made in view of the
well known fact that the financial officers Of
the State had been loaning the public money
by hundreds of thousands of dollars to rail
road and insurance companies. Thereupon
the wing papers saw a blow levelled by the
auditor clact at thcir ~fayorite institutions. If
one branch of what they call the sub-treas-
ury system were adopted, they were sure all
the others would inevitably follow. TO make
it penal for a public officer to loan, without
authority of law, or otherwise improperly
use the public money, the Legislature would
also have to require all the taxes to be paid
in gold or silver and all State disbursements
to be made in the same currency, So they
reason, with how much sense the reader can
settle for himself.
The Cleveland Herald, whig, in its fright
on this subject, says;
although precisely the same reasons that
existed for the adoption of a sub-treasury
system for the general government exist for
its adoption in each and every State, yet the
Democracy have never adopted it even in
States where they have controlled all bran
ches Of the Government"
We believe when the Constitutional Trea-
sury system was adopted, the Enquirer re-
marks, there was no bank paper issued by
authority of or under any law of the United
States. That is not the ease in Ohio at
least. By authority Of the State, Banks are
authorized to issue a paper currency, there
by displacing, to the extent of their issues,
the specie currency. The United States do
t authorize the issue Of Bank notes; they
have no supervision over the State Banks
which do; they have no power to regulate or
restrain the issues Of any State Bank; all of
which does not apply to the State of Ohio in
respect to the Banks within her borders. So,
precisely the same reasons for the adoption
of the "sub treasury system for the gener-
al government does not exist in the State of
Ohio.
While it is highly proper and wise in the
United States to require all dues to it to be
paid In the Constitutional currency Of the
country, or in the Treasury notes of its own
issuing, it would be neither proper nor wise,
but on the contrary, highly impolitic and
uni ust i'll the government of the State of Ohio
to require the citizen to pay his taxes and
other dues to the State in gold and silver, as
long as it authorizes Banks to issue a paper
currency, and by SO doing puts it out of the
power Of the people to get gold and silver.
The State is in Justice bound to receive from
its citizens, in payment of their dues to it,
the kind of currency it authorizes or permits
to be issued within it's limits. For the State
to act otherwise would be to treat the people
after the rigorous manner that Pharaoh
treated the Israelites, when he required OF
them their usual task while he compelled
them to gather from the stubble fields the
straw wherewith to make their bricks, instead
of furnishing them with straw as usual him
self. We have no idea a Democratic Legis-
laturc will commit any such folly as that, nor
has any such course been resolved on.
The wings, doubtless, would be highly
rajoiced were the Democratic Legislature to
do what they say they have resolved to do
They would willingly suffer the inconve-
~niences it would subject them to as iudivid-
uals, for the benefit their party would be
likely to derive from it. They are bound to
be disappointed in that particular. They
may as well bottle their tears and put away
their cambrice for a more BETTING occasion.
b