Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1859-09-13
who are the Bank postfuctionists

who are the Bank Dostfuctionists9
allow can regular Banks, restricted by
their charters, to six per cent. on their lOans'
furnisha currency adequate to the wants of
trade and commerce, when specie commands
one per cent. premium We answer, they
cannot They are compelled by their char
ters to redeem their circulation in coin, when
presented at their cOupters-which is right.
suppose the Dayton Branch Bank loans out
to-day, for thirty days, one thousand dol'
lars Of its own paper; she receives by way OF
interest Eve dollars; the person receiving it,
has a note TO pay, or deposits it in one Of
these sorting" houses, when it is immedi'
atsly carried to the bank for redemptiou.--
Specie then being worth one per cent. how
much does the bank make on the loan2--
Why, just five dollars, over the left Do the
mechanics and manufacturers of Dayton
know that the Branch Bank has had from
fifty TO one hundred thousand dollars laying
idle during all the pressure in money mat
ters, and dares not loan it outH Do they
know, also, that there are parties ready, will
ling and able to commence business under
the Dayton Bank charter, and the Miami
Valley Bank charter, and loan ont their pa.
per at six per cent per annum2
In the face of all these facts the Dayton
Journal, and the Gazette have the hardi.
hood to charge the Democracy with the old
aka.la crv of hatn1 hank daa.x,,okso,;.k, -.
the fact is notorious, that the Bank destruc-
tionists are members, in full communion
leaders in the opposition, periodical freedom
shriekers and o, how they bemoan the des.
tiny and the despOtism Gust before an cleo
tion) that consigns the poor African to
southern bondagel The lamentations of Da-
vid Of old, or, "Rachel, mourning for her
children, and would not be comforted be-
cause they we're not, are not half so piteous
or plaintive, as the wailings of the Eve per
cent month men, over the terrible sin of
SlavcholdiDg while day after day they
scarify the hesh, and take pound after pound
until there is not left dime, to jingle on
the tombstone of the poor white man who
has the misfortune to get within their
clutches.
They charge also that this usury question
is a humbug issue, got up by the leaders of
the Democracy in Montgomery county. and
harp on the far'fetched idea, that it is for
the benefit Of Vallandiehsnl We may be
induced to re'pubiish some of our articles
last winter on this subject, to show that we
advocated, with all our sbilitY, the passage
Of usnry law by the Legisture then in ses-
sion. We would ask then, for whose benefit
was the Know Nothing Republican patch.
work Convention that assembled at Beckefs
Hall, held2 They were silent as an oyster
on the subject of usury, when they knew
that the question had agitated the public
mind here for year or two. They knew,
also, that the money sharking practices, and
sorting" operations Of the saints in the
calender of the Republican party were
blighting all the fair prospects of our city
cripling its manufactures, crushing out the
regular banking institutions, and retarding
the progress Of our city. We charge them
with all this, and they dare not deny il.