The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1854-02-22

I"JAsS " piose tHdt tHe Dlole was IalSe-
still the producing classes of old Monro
will remain unbelieving on this subiec,
perhaps, even to stubbornness. ,Whateve
is the interest of the producingsclasses o
the county, speaking in general terms, is
also, the interest Of the State and nation
We are informed, that we have, in III,
United States, 398 Railways, with 1891
miles completed, at COS, of s$5o8 ,588 ,O3s
and 12,S98 miles in process of construc
ton, which will add about $50 millions
more to the above amount; making an ag
gregate of 1868, 500 900; one-half or five
eights Of which will probably remain un.
paid, when the work is completed. Add
TO this list the Indebtedness Of individuals
and other companies, and you may i'm
agine, but can scarcely comprehend the
amount. The attention of the reader is
directed to the above figures, imperfect as
they are, TO give him some faint idea, OF
the revolution which would be produced
upon the interests Of community, by the
practical introduction Of "Ohio's" theory.
The whole debtor portion of the country,
embracing as ii does. our great thorough
fares, and the producing classes generally.
would be turned over unceremoniously, to
the tender mercies Of the iron money
dealer, there to become "hewers Of wood
and drawers of water"
"Ohio"a tells us in his fourth number,
that convention of bankers, has lately
assembled at Indianapolis, "and formed
itself into an association for mutual pro-
tection.'' And then asks: "Do they re-
solve TO pay their debts cheerfully when
called upon and content themselves with
moderate gains? Do they resolve not to
corrupt the currency by over.issues? Just
The trecsrse. Their every idea is wrath
and vengeance upon those who require
them toiful6ll their promises" Then fol-
low the resolutions, the first OF which
reads thus: Resolved, that we will pur-
chase no coin of any banker or broker,
who directly or indirectly makes prac.
tice Of sending home our circulation, and
we invite the banks of this and other States
Io nni.e. :, 49,
In the next resolution they recommend
The banks OF the West to procure their
coin, at New Orleans or the Atlantic cities;
and in the last one they pledge themselves
to fellowship all banks, having legal ex-
istence in the State. and whose man ayers
conform strictly to the law regulating free
banking.
Reader, do you see anything in the In
diana resolutions which looks like re
solve by the banks to not pay their debts
when called upon? and to COR
rupt the currency by over-issues? and
where's the ''wrath and vengeance threat.
sned upon those who require them to fulfil
heir promises Not an idea in the reso.
utions that would admit of any such a !
construction or Inference They merely,
Z Z = . - s. ~ 4 4
resolve that sthey will not purchase coin
IF any banker, 'or broker, who makes a
practice of sending home their circulation
and ,feccmmend other banks to do the |
same: What injustice is there in this /?
Whose rights are violated in the smallest
iegreea Surely the Cincinnati broker and
banker, who make. business of collect i
nig up the notes Of Indiana banks, for the
purpose of returning them home to draw
he specie, with which TO buy up. more
paper, and thus keep up the operation, for
hepurpose of gain, surely | say, such Gus
omers can have but very mesgre claim
o the patronage OF the Indiana banks. II
he banks then don't choose to purchase
heir coin Of these brokers, whose else, but
he penetrating eye Of ssOhio, would have
discovered the glaring injustice in it, the
'ase attempt made "by these Indiana
camps" "to not pay their debts cheerful
y when, called upon;" and to corrupt the
currency by over-issues. Again "Ohio"
emarks: "Reader you may rest assured,
hat the reluctance Of these fellows to take
lp their own notes, their curses, their
nenaces, their VOWS of vengeance on those
Vho demand payment of their paper, all
lfford confirmation strong as proof of
loly writ of the truth of the doctrines of
hese essays" How strong then is this
confirmation according TO the fayprite
lhthors quoted by "Ohio?" The evil
lence Of HUME and VoLTA1RE, is upon
he, record. But Theology is not the sub
ecs, and shall not insist upon Them being
brought into court g A NATIVE.
siWALKlNG. ON ,WlTER.-The perilous
experiment. of walking on WATER was
epeated, before concourse of Dublin
'pectators, by the Hon. Mr.. Swift. This
,entleman's former experiment was that Of
walking" by sea, from Venice to Trieste,
! feat by which his life was we'll nigh for.
cited. In repeating the attempt in Dub
in harbors between. the Cpstomhopse and
he Pigeonhonse Fort. he encountered no