Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1859-09-19
Sorting and Usury 20 Hand in Hand.

favorable TO those engaged IN the sorting
business, but usury is the inevitable conse'
quence of il, 40 long as bank paper is the
currency by which the commerce Of the
people is carried on. We think It was
clearly set forth in our previous article on
this subject, that regular banking was i'm
possible in pecuniary way, 80 long as per,
sons, politely called private bankcrs, are
suffered to trade and traffic in what never
was intended as an article of commerce, viz
the coin of the country; the standard by
which the value Of the products Of q nation
is determined, the MEASURE that the produc-
ing Glasses are entitled to,
We have been asked frequently, Of late
mostly by desponding Republicans, how is
the acknowledged evil Of the sorting houses
to be abated2 Well, we don't profess to be
much of a statesman, and we are sure we
have had but little experience in 6nancier'
ing, but that little would suggest remedy,
the most effectual Generally speaking, per.
sons engaged in the business of sorting"
(or private banking, il you please although
men in most cases, of acknowledged wealth,
have seldom much cash capital Of their own;
not enough certainly to make trip with the
carpet sack profitable How then do they
manage to get the means to wage such sue
cessful war on the regular banks, that these
institutions are no longer of any practical
advantage to the community where they are
located2 We answer that the merchant, the
mechanic, the manufacturer and the farmer,
and Gl who deposit their earnings or their
surplus funds, and especially tho day-by-
day depositors in the sorting houses, are the
persons wLo furnish the means to carry on
the war, and likewise cripple and curtail
their own business, to make these periodi
cal money pressures; and now since the
sorting house has got fairly fastened on the
people, the money pressure has become a
permanent institution, calling into existence
another class, aptly termed money sharks,
men destitute of every principle that should
govern the dealings of man with his fellow
1 he measures we propose may appear {,
some as the result Of some private grievance
of our own, dictated by mean spirit o
selfishness. We here take the occasion Il
say that we are actuated by no h,feeling
The persons engaged in the sorting business
} in Dayton, are gentlemen, good citizens, anC
men of acknowledged wealtb;and every dollar
/ placed in their hands for safe keeping, viii
no doubt be forthcoming on demand. But al
public journalist we conceive it to be our
duty to propose means to eradicate, if posi-
bic, what is on all sides acknowledged az
{ the only drawback to the return Of prosper
GUS times, which q bounteous Providence
. has indicated in the plenteous harvest tha
a has been and is now being gathered all ovel
the land, And we further give the sortinl
houses notice that lot the next Legislature
be what it may--Democratic Republican o.
Know Nothing, we intend to advocate no
only the passage of an usury law, but Law
also, to grant liceense, at a good rounC
, sum of money, (the proceeds to be apple,
to some charitable or educational purpose,
to all those who make proctice of trafficinI
in the coin of the country and that n
, regular Bank be obliged to pay specie with
out the production of the license on the de
a mand being made.
n We expect these gentlemen now, to re
8 double their energies, and weep silUer tear
!. freely for the election of their candidates t
n the Legislature. They have openly enters
d the field with their own chosen champions
= and forced the endOrsal of what was terme,
Republican Convection. 1t is not the firs
time in the history of our country, the none
:, power has entered the arena Of party poll
- tics; always under cover of some question
, supposed to be popular with the people,
= This time the puny operators in the dram
have donned the old, tattered, thread-bar
y, mantle Of the deiunct abolition party. W
as have no fears for the result. The inherer
of love of our people for honorable, fair dea
ing, will surely be vindicated, and the
n scorn and contempt will be visited on II
D. trieksters and money sharks who come b,
nS fore them, seeking to gain power to perpetl
|, ate a system of shaving that, If practice
=. ~ in some of the despOtisms of the old worlt
would insure the operators guard of hor
or" and an iron grating" to leOk through
10 place of their gold spectaclesl
~ Our venerable neighbor of the Journa
- - the old time bank organ Of MOntgomer
'cr ~ County, who has spent thirty or forty yea
e, Of bis eventful career as public Journa
ay ist, has suddenly transferred his allegianC
ny to the money sharks, and five per cent
ed month men, who infest this communit
N Whether or not the transfer Of our neighb
!" was effected at the time of the sale Of Il
old whig party tc the KnownOthing lodge
-. we are not prepared to affirm; but this we
bo know, that there is but one rusty old phi
nv Of the former bank organ, that breath
DIV forth any sound at all, and that chron
grunt Our neighbor also characterizes &
-. efforts Of the Democracy TO bring about
40 reform and deliver the people from d
s;y clutches Of the usurers, "a humbugi' but
nR. all the Transparent humbugs that have cor
lat within the range Of our knowledge, that nj
- being enacted before the people Of Nor
ts. gomery county, is the most glaring' II
ers Republican party, nominally in favor
regular banking nominally in favor of I
ok, rights of naturalized citizens, have non
for mated men for Legistatiye Offices whose pra