The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1857-07-23


The Stark County Democrat III calling atten- si
ton to the Bank Law for Ohio, which is ia Y
be submitted to the people at the ensuing Oc!
tober election, makes the following criticism
upon it, 1t says; tl3 5sf
We, too commend it to the careful perusai Of
every voter, believing it to be anything but d u
safe Bank Bill" as section 35, which we giss. .
will show: etaIo9a
SNcTIoN 95. Each branch shall 1T all times
have on hand, in gold and silver com; or their
equivalent, one half dt least Of which shall be- q
IN gold and silver coin III it's vault, an amount
equal to at least thirty per cent of the amount =
OF It's outstanding notes of circulation and
whenever the amount Of its outstanding; notes -
OF circulation Shall exceed the aboys rIanled pro ~
portion, lto more Of It's notes Shall be paid out ~
OF otherwise put in circulation; by such branch:
nor shall such branch increase it's liabilities by -
making any new loans or discounts other than II
dscounting or purchasing bills Of exchange pay.
able sight, nor make any dividend of It's prof Z
its, until the required proportion between its =
outstanding notes of circulation and gold and .
silver coin, or their equivalent ON hand Shall bs sd
restored. Actual deposits with any solvent =
bank of established credit in the cities Of Newell
York Boston, Philadelphia or Baltimore, stibslfse
ject to be drawn against ut sight, payable lit NJ
gold and silver COIN, wherever these terms are b
used in this act" sf1e.bi ID rsa
This section, it will be observed, requires MI
amount equal only to fifteen per cent of the IA
circulation to be kept IN gold and silver Id the
vaults THIS IS equal to SIX dollars and sixty "a
six cents Of Prmejsesi in the hands Of the peoplo
for every dollar Of specie III the vautsI IfisyTa
plumber seheml like this is t'saIe', what bank 2T
bill we ask, is not safe? AS to the s;actual de41rs
posts'' of fifteen per cent in Eastern bank, ,fsi
eyery one familiar With modern bank swindlings sA
knows well how THAT is obtained and how un-
reliable il is when run is made on the banks;
II will be observed, too 'that when their gold
and silver shall run below fifteen per cent. they
are to have their own time to get it up to thsx
required proportion Neither is ID teiatnnaltg
let the specie run below the fifteen per ceftst3
------v--+Azsf-- -ss Ssss=----I--
--latest from RaMSsGSs ~
Gov Sanders returned HaIkef and his peacS
r. 9ai policy Sustained. ~ ~, fssr
Mr.. Sanders the invincIble George, called on !
us yestesday onhis return from Kansas whithersf
he had been induced to go to aid Walker ID carss
rying out his peace policy for tlrat distracted
Territory. He says the programme of peace.
has been agreed upon tty the cptften9ipg f#ctions
there, and Walkers policy is almost unanimous4 s
ly sustained As an evidence of this he cites
the late Territorial Pro- Slavery Convention as
sembled atLecompton at which Walkers pros
position to submit the Constitution To vote
of the whole people was adopted forty To- .oae;.
and ex- Governor Ransom Of Michigan Es6
&atet9aH was nominated Delegate to Congress
by nearly as large a vote. Ihe Constitution
when submitted is to say nothing about slavery,
but it will contain acause allowing the peoqls
to say when slavery shall cease" the sMme ass
was done in the u s. Constitutions in regard to
the abolition Of the slave trade. Mr. Sanders
says he met Mr.. Sherman chairman Of the late
Kansas Investigating Confuittee ard several
other Republican celebrities there, alf Of whom
assefsted to the arrangements also Messrs. DON
ipaah, Stringiellow and athsls Of that ilk who
endorse heartily the compromise. 80 tho GoW
and the lamb have lain down together. and Bor.s
der ruiffanS and Black Republicans have agreed
peace. What will poor Greeley and
Rev. Henry Ward Bseehcr do2--P PlasadsalsK
t9tk fn@ sasl fss a a Is,, s.sss
hs yl3a- --------a-ar1s WI ss
a shall ID s,tew weeks launch ny craft .ur.s
on the legal deep, and call upon those II .troiE
bic 70 seek myad which shall b al their cosss
mands sl--Gibsons statement N Nv = .,ssss n