The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1854-03-15
For the Spirit of Democracy
Banks and Currency.
NUMBER !

). For the Spirit of Democracy
Banks and Currency.
sssssssy,5sz s5 NUMBER TX.
slsMR. EDrroR:-My "great unknown"
Ansseonist is still in the field, waging war
upon the truths which a, very small and
restricted leisure permits me to dissemi-
oate amongst the people, Now be it re-
ssenbered the subscriber has not attacked
Tie ibsnking system, but the base abuses
Of Abe banking system. It is those abuses
which my worthy antagonist rushes forth
20 defend with vigor and diligence worthy
of q better cause. The privilege Of issu-
ing small bills, and Of hiring bad. dis
honest agent to carry them SO far from the
place Of payment as to render their return
dificuk .aad doubtful, and their wearing
out and destruction in the hands Of the
unfortunat ate holder almost certain, is not
essential to banking. Banks can live. and
some do live pretty well, withouta resort
to such base and dishonorable practices.
1tis well thatI have said nothing Of stock
notes. notes. Of fictitious capital, Of fraudulen,
assignments. Of false oa,hs and accounts
cunningly made up to cheas the'bank CON-
missioners and The General Assembly
For had Enentioned these and other sins
and crimes innun,erable, which the sons
Of Mammon are in the daily habit of com.
uniting. ihe zeal Of the gentleman seems
ardent enough to engage him in the de.
fence 81 all, and his labors might have been
multiplied beyond human endurance!!
Hercules or Sysiphus had not half such a
task! 'sag a'sg 3.
The cid proverb says, "save me from
my friends" The banks have reason to
make that prayer with earnestness. The
present banking system, Of Ohio. unmodi-
lfkd and unrestricted as il is, cannot live.
isod6kt not 10 live. tits pes,ilent nuis-
enoe and unless reformed and modified
pemocfssic progress will, sweep il away,
2l eonsign it to the tomb Of the Capulets
= ~ 20 know q resurrection. But it the
llz1llfs ~odldgivs up theirpsishege ofecor.
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