Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1859-10-07
the Independent Treasury Cheat.

This is nothing but scheme of the Demot
racy to inaugurate in Ohio the Hard None
System and to destroy every incorporated Ban
in the State. The ultimate effect of the Law
viii be, to COLLECT ALL THE TAXES
OF THE STATE IN GOLD AND SIL
YER! And to inaugurate the old Van Bu
ren Democratic doctrines of RAGS Fol
THE PEOPLE-GOLD AND SILVET
FOR THE EOFFICEHOLDERS r
The Independent Treasury system of th
United States is a complete divorce of tn
Government from Banks. The public revenue
are collected and disbursed in gold or silver
Banks are not employed as depositors, bu
sub-treasuries are established where the Pub
lie funds are kept until needed The Post
masters of the United States are all sub-treas-
urers, and it is known to every one, that they
receive nothing but gold and silver {linless as
matter Of personal accommodation and then al
| their own risk,) and gold and silver only are
received from them by the United States. The
same practice prevails at every Custom House.
Their, If the Democracy Of Ohio are in favor of
an enactment, by the Legislature Of Ohio of a
system !" 81 MILAR in its principles TO the In
dependent Treasury established BY the Democracy
Of the Unloaa,' as they affirm, in resolution of
their State Convention, passed in August, 1857,
the conclusion is irresistible, that they aim at
the annihilation Of the Banks of Ohio, and iti-
tend to compel the people of Ohio to depend
for circulating medium, on the foreign trash
of other States, and then let them fall prey
to brokers, who will share them to the red on
this paper. to obtain gold and silver to pay
31.o fto facI,:1
the Federal Government 4
This hard money doctrine of fhe Democracy
of Ohio was first broached in '48-'50, and has
never been abandoned since. In the latter
year, at tie 8th Of January Convention, they
endorsed the q. s. Independent Treasury, and
declared that, "THEY WERE SIN NCERE-
LY OPPOSED TO THE EXISTENC CE OF
BANKS FOR THE CIRCULATION OF
PAPER MONEY p that they were utterly
opposed to any feature being Incorporated into
the new constitution, by which the legislature
of Ohio would have the power to create any
bank for the circulation of paper money; !" that
it is the duty of "aH our public officers to make
all payments, il their official capacity, in con-
stitutional currency instead of paper money,
and that they especially demand from the
Board of Public Works, that they convert all
paper money which may come under their con-
troll into specie, and in that shape dsburse,, it,:
that "baTd money is the only currency recog-
nized by the constitution, the only currency
that defrauds no man, the only ct>rency that is
expedient and just, and zoe hold 1t to be ic5j1$s
tent t0ith the principles Of the purity for Demo
Gratis to participate in creating or upholdfag
h, cfj+,I+;oDc
On the 8th of January, 1853, the State Con-
vention Of the Democracy, which met at Col
umbus adopted the following resolution
Resolved, That the Democracy cf Ohio still
adhere to the we'll known and long established
doctrines of the party in relation to the Tariff
and Currency"
These principles have never been repudia-
ted by the Democracy Of Ohio. The New
Constitution is hard-monay document, and
was so framed as to render it almost impossible
ever to charter bank Of any kind in Ohio
No bank has been created since its adoption,
and, it is highly probable, that none will ever
be made, while it is in existence. The Dem
ocracy, in 1856, voted against the Bank
Law " submitted to the voters of Ohio, and
they did the same thing in 1857. Does not
this show, that they are now, as in lS48 and
1850, " sincerely opposed to the existence of
banks for the circulation of paper money ? -
The charters of the present banks will soon
expire, and as the Democracy will not aid in
making others, the conclusion is inevitable, that
if they obtain power, I" the tdres 5ciN be collect
ed IN gold and sitUer'
The people will do well to consider, that
while the Democracy utterly refuse to make
them sound banking system, by which paper
money can be converted into specie at the will
of the holder, they nevertheless, propose TO
COMPEL THEM TO PAY MILLIONS OF TAXES IN
GOLD AND silver! Where will the coin come
from You WILL BE OBLIGED TO BUY IT FROM
THE BROKERS for there will soon be no Ohio
Banks from whom it can be obtained, and it is
certain it cannot be raised from the worthless
eastern and western trash which now consti-
tutes our circulation, owing to the policy of
the Democracy in adopting the New Consti-
tuition. -.-.z