The Ohio star. [volume] (Ravenna, Ohio) 1830-1854, 1854-02-22

ing it?
The Senator resurrects the ghost of the old United
Democracy to alarm old Jackson Democrats at the
dangerous influence upon Congress of 1000 national
gospel currency. % If spirits be capable Of utter
Rnce, will not the indignant shade of the old hard
ieeious use OF his great name? That bank was a
mammoth institution, with outreaching branches,
dependent each from the other as absolutely are
the various industrial and commercial institutions
They arise or expire the wants Of trade in differ
ent localities fuctuate Combinations between
jealousies as fruitful as between Eastern and West
ern merchants and manufacturers. II attempted
the absolute freedom of banking would enable the
people to thwart them by the establishment OF other
institutions
gress perpetuate the debt Is met and reiuted by
the Senator himself When it is urged against con-
Of which the members of Congress shall be the
directors. with power to ISSUE contract, or expand
OF which their industrial and Commercial prosperity
depends and that their virtue might be subjected
to the corrupting power and influence OF the bull
and bear iob6ies Of wall street. accordingly con-
traction or expansion be the more re ,sp sns ne
nor honesty. Is Congress likely 70 exalbit iess
banks than in resisting the corrupt influence Of the
gigantic and concentrated money power OF wan
bonds Ars they A not Interested in pefpetuating
high rate of INTEREST," Yet their influence has not
from redueing that rate OF course can not vouch
for the sense honesty or virtue OF Democrauc
The Senator objects that the power of banks to
lend on interest their own notes or promises 70
y on Ws theg owe not 70 enoe
Ing many millions from the pockets OF the people.
Kearney. The new gospel does not propose to
abolish the banks Gen. Ewing says they win re-
tain all their banking powers except that of issuing
circulating notes. Legal tender notes are evidences
OF what the government owes. When the new issue
is spawned they will 20 into the banks. which Will
notes. The people can not get them from the banks
does it make to them whether they pay interest to
the banks what the banks owe or on what the
them now whether they pay interest into the banks,
either national or private. on bank notes OF legal
will not relieve them from the payment of interest
The same many MILLIONS of interest will be taken
from their pockets then as now unless they quit
1t is urged that substitution viii work saving
of interest to the government This is only possible
BY the governments taking up a corresponding
amount Of its interest bearing bonds in exchange
Senators Thurman s an and Pendleton. would this be
honestg Between private citizens you know i. It
epq Wonid s not n' be srss the S0 de-
and that they shall hereafter be legal tender as
money! Why not do this at once and save the cost
of printing? The effect and the dishonor would not
be different. Is there constitutional power to do
either? You know there is not Why then delude
except through h tan
honor, and violated Constitution. You know the
realized and you dare not tell honest people that
you, as Senator'S will give your vote to do it.
SILVER REco1NAGE .4-s
On the silver question the Democracy has
1--WE demand the removal of all restrictions to the
coinage of silver and re-estabshment of silver
money metal the same as g1id 1hs same as 1t was
Senator Thurman indorses and afirms this plat
demonetHed Y for Gy forty years. No more s than ssoo
600 of them had ever been coined. Not one in a
and Il the people be deiuded into sanctioning the
new dogma of permanently irredeemable currency,
cuiaton It viii continue to be practically denone-
tzed and excluded from circulation as it has been
the depreciation OF legal their ISSUE
Last year limited that the charge of fraud was a
reflection upon either the virtue or vigilance in
was legally demonetized In his speech at Marion.
for this law, but denied that demonstration was
effected by it, asserting that it was accomplished in
well known candor this utterance would raise q
doubt Of his virtue. The established and inexible
rule of statutory construction is that law which
Ievses the subject matter OF prior law supersedes
and repeals it BY necessary @ implication. Statutes
United States should be the dollar, the half dollar
the quarter dollar, the dime. the half "a f. dime, etc
of 1873 for which the Senator admits he and all
sThe silver coins of the United Statesmen some
Of them 0.6 mot part sStes Of them ss but The sU cor
% DOLLAR s half dollar or s9s ity De cent pieee Tass
quarter dollar or TWENTY-FIVE cent piece, and 8
OF eee[ s their nomna sa gse or
amount not exceeding i've dollars in any one pay
viii the Senator, on his reputation as jurist
ssert that the words the silver coins of the United
ae se ee VIII he fsp
ng to be that some other coins not enumerated
viii he assert that these words did not then consti
tute the coins therein enumerated to be the silver
He can not The old silver dollar was by this &C
dropped, and thereafter ceased to be silver coin
necessity ceased to be legal tender - coin Of 7 h q
United States. The compiers of the revised stat
statutes of 1873 had already done For this act thu
Senator and his Democratic colleagues voted. Witt
what candor then does he charge that the thini
which he and they did was the fraudulent act of th
Republican party?
dollar fuctuates from Ss 20 80 cents in gold. WheI
coined it becomes clothed with the legal tende
isting law requires the Treasurer to purchase sve
bullion at its market value. coin it and issue it il
saving to the government this large profit and cor
respondingly relieving the people of the burden 0
every bulIionist depositing bullion in the min min
ega o es
power Of hundred cents, thus giving the profit !
the bullion barnacle instead of the government
Hundreds of millions of silver is held in foreigl
countries p ready to empty on our urn mnts free coI
this immense profit. In what direction the fntsres
OF the people lies is not difficult to see.
REPUBLICANIsM.
Repubhcanism, as understand 1t, seeks equalit
In the rights of man; stability in the agencies an
instrumentalities on which is piared success an
the prosperous immunity of Industrial and CON
mercial enterprise; and rest from unreasoning ag
tation incompatible with confidence, co-oI
Grafton, and healthful repose. Beiey
ing that mans equality before tn
law was his right it was given that equal suffrag
was his armor; it was bestowed; that constitutions
war he
were guaranteed. Believing that stability ana UNI
formity in the values of all forms of money, whic
is the life current in the arteries of trade esseI
tal to the enduring prosperity of human pursuits
has labored to bring them to uniform and fxe
standard Believing that existing financial legislf
ton will If steadily adhered TO and faithfully Ell
forced, secure the rewards of labor through tn
de frcaruf f=al,