The weekly Lancaster gazette. (Lancaster, Ohio) 1852-1855, 1854-11-16

Ehurehnv HIornswg M0v I0 1azA
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SaAk FSlDEes AAd Banks
The Cincinnati Times says that sin the
majority OF bank-tAilures. the bill-holders
have had nothing to fall back upon, no Sc
ourity beyond the ipss disit OF the Presi-
dent or Cashier thatthey would not lose
anything. But suchPromises the people
have discovered tobe like those ofthe banks
misunderstanding in nothing-devoid
oftangibility, so Tar as cash IS concerned
The fact is, the people, the very dear peo-
pie OF whom so much Is SAID upon natloh-
al days, and In whom poii'lcai cana'ua'ss,
before the election teel sucn q sPec'S, anu
generous interest--haye oeen hO0u"inAe. /,
ana cheated ana oamooo1'eu'o5 D""N "nu
oank-managers' ior tne Pass hNe '"'''' 0"''' "
such anextent that one "ouiu suppose
thelr eyes might now 90 oPeueu ,o'"' l'u u'i'
and that py TINS ume sney "'u'u - p'.
pared 70 snieiu 'neihse''ss .ion e'''' /" A'en
tney nave SO srea.iy Sune'u' y
Ana yes 'ney appear y ra'es.V"A nv
ewn' wlse' y A'' '"u sNp''.'"e ~
they eon'inue " isos 1"A. a
substantial oanAs' Anowlhg .'iein - " suo'
JUST as II .ney were Whol.y 'nnooen' y "n
previous nnano's iosSss ~ '""' ""'' "
IS Inc people, 'ne great mass auu 'aey on
~ VINO give currency :" oa' UAnAis mt. :,
o'a oi ali A'nos' anu y - 'u'" .u'y,"' "''
- r'gn.' 70 refuse ali noses uule'e wy ie0'
some commence III .he'f souiu"es'' anu
DeileVe 'ne'r clrculaNon % o'Seu' 'n"' -
case Oh Ihe oank $ lallure' sney can les'4e
somnie'nlng niifl Inc people sn0uiu' anu nuS'
nave tnat which Is more man ProiniaSe'-
mole 'nan piece o1paper' 'nougn never
20 nneiy engraVeu-nOre 'nan eiPie
shadow without substance: ANA more
over 'ne secured Danks shouia % uong
legitimate business ana De originated win
some otner oesign tnan lnoiV'uual sPecu'a-
Won. -
"nen oanks are truly wna' 1ney snouiu
oe' the people incur iittle RISK OF loss; ana
tnas all issuing institutions IN a prosperous
condl'lon "Hll are not properly lounded ana Sc
cured Is the ousiness--shail we say the
Auit!--ot the people, Inc people pear
'he ourtnehs, ana they nave the entire riSht
70 determine now they snall'oe adJusted.
q, Inc Logislatures Oh our states nave G.
V.nceu ulspos'1lon 70 secure .he commu-
MY rom ioss' out the members nave IN
many instances not restricted suncien'iy'
nor oenned as they should the privileges
OF 1nose empowered py law 70 enter into
o"nking operauons' Inc people shoula
be more watchtul OF their own interests,
..l j. ~,
anu ooniPei AeSiSiaeuIeS W PIoVect tlieni
;n ~ f,,tu.o g., .L.. ,..o,t .o,,roo oe =,
IN the future rom that great sourceot IN
;,,r,, honi,. ..J q h.ni.;.o. ,,,L;ok hos
Juy-uahkS anu pahkihS hS-Which mas
necessarilv in n CO you,.L canc;tv- fnr ad
80 - o"FNv
vantage or disadvantage. for veal or wo.
The history of hank;po for the mast two
rtf Fs
months proves concluSlyely that we need
= n Lsr.tC - -. -
great reform in this particular; that we
80 ,p, ,fy -. :, Atn
must have banks upon which the people
f
can rely, ana In winch, PROVIDED suspenr
sion occurs, they will be subjected to no
loss, whatever. Probably, the great por-
ton Of fthe banks in Ohio, and in the neigh
boring States, are sound and safe; but