The Democratic sentinel. [volume] (Cadiz, Ohio) 1852-1853, 1853-09-14
Small change-Bank taxation &c.

we hnd the following IN the Capital City
Fact, of Saturday:
Our marke. was crowded with buyers
and sellers this morning. The wagons
extended from Broad TO Friend streets,
and the cross streets were all lined con-
siderable distance. Potatoes brought 80
cents; apples from 60 to 80; butter 12 to
lsc; eggs 6 to 8c.--and other luxuries in
proportion. Snail change was the only ar
ticle thar couldn't be had. We verify be-
lieve that farmer or huckster would as
soon give alCOy his traps as to change a bin
however there is no danger that he will
do either"
The want of small change is a serions
evil, which is increasing instead Of dimin-
inishing, and calls loudly for reform. The
present batch of Ohio Banks were char
tered under the artful plea that they would
furnish home currency to our people, con-
verdble into specie at the will of TIE holder,
Most signally have the Bankers failed to
redeem these promises" Our currency
is as bad as bad can be--small change can
not be had for love, or for the rags called
'money" the Bankers furnish us, unless
by the payment of premium of five or six
cents on the dOllar-tte Ohio and other
Banks being that amount under par in this
city, and hard to get even at that. Why is
this? The country never had as much coin
in it as now-why then this scarcity? The
people have no confidence in the Banks:
they are afraid to trust them. There is NO
scarcity of small change; it is sufficiently
abundant, bat its p lace is supplied by Bank
rags, that the people fear, and which our
farmers--tauyht wisdom by the paSt--wiIl
not barter their produce for. II this be
doubted, offer one Of these men Il gold dol
lar in payment for peck of Tomatoes, and
from recess Of capacious pocket, the sill
yer change will come forth. They have no
change for Bank notes, but they ave change
for gold CT silver dollar.
This state of things fall with peculiar
hardship upon the men of small means
whose pay on Saturday night is received
in currency. They cannot get a dollar
changed without spendIng from one-fourth
to one-half of it, not uufrequently in things
that they really do not need, in order to
get money to buy smaller articles that they
really do need.
The small notes of innumerable Banks
in New York and New England, many of
them rotten to the core, now fill the chan
nelS of circulation in Ohio They are paid
out at the counters Of the Ohio Banks, in
direct violation of a law passed by a Whig
Legislature; nay, we have reason to be-
lieve that they were brought into Ohio by
these Banks, knowing them to be ;nsol-
vent, as was the case some years ago, of
the New Hope and Delaware Bridge Gem
pany notes, which our good Whig friend
Of the Maine Law Advocate, as agent for
a city Bank, had the honor of introducing
to the people Of Ohio, and which soon after
fulfilled its destiny by breaking up, leav-
ing the honest holder robbed Of the pro-
ceeds of his labor.
The Banks of Ohio, by the falsity of the
pledges given-5y the fact that their notes
are at a discount, and by forcing into cir
culation the unredeemablc trash of other
States, have driven the precious metals
from circulation. A few more
such currency regulations, and piece of
com would be sight less frequently seen
than now. Obtaining their charters un-
der false pretences-giving the people a
cumency of rags. when they are entitled
TO one of gold aGGsiver, they have proved
q curse mstead of the blessing they prom
scd
Notwithstanding their singular failure to
make good the consideration which induced
he Legislature to grant them charters,
hey still claim that they at@ above the
people. the Constitution and the Legisa-
they are a privileged class, not
% be taxed, save on the profits they ad-
nit thew make, while the citizen, who pur
ues an honest and legitimate business,
las NO exemption from taxation, and a"ks
lone. and whose property, if he suffers his
AK to remain unpaid, is liable to execu.
ion, and will be taken and sold, without
ny thoughts of that resistance which re-
Iulres crowbar law to seize it.
10 protect themselves from honest tax
ton, these Bankers, aided by the money
# the Institutions, are in the field, seeking
0 elect Whiy Legislature. They can.
lot effect this, if the Democracy-th
riends of equal rights and of equal taxa
on~-do but their duty at the polls, and
uring the campaign. Exasperated at
heir refusal 10 aid in bearing their fair
roportlon of the State debt, and of the
ther burthens of taxation, and of their sig
al failure to produce either sound or uni
'rm currency (save one Mtamou<iy Jodl-
Xasperated at their contempt anC disre-
ard of all law--the people will soon, try
he remedy proposed by the honest Far
Ter, as cure tof the dog that was suspec-
ID of MISUNDERSTANDING off its tail,
lose behind the ears"
Let the Bankers look to it 20. S. DEM
crat.