The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1861-08-02

Federal Constitution, had denied instead ,
Of affirming the right Of the several states
10 authorize private citizens to DO virto-
ally what they had not the power to do
themselves, that is, TO issue bills Of cred
Il as q substitute lor money, broadcast
bankruptcy would not at short inter-
walls, by reason Of an inflated currency,
community with desolating
loss and ruin We must however take
things as they are, and use the instru.
ments put into our hands, no, hurming
ourselves by acts of indiscretion, but di-
ree,ing all with single eye and provi-
dental consideration, To the general wei
fare.
There cannot be unanimity of notion
IN this matter amopg the several States;
and each must therefore, manage as
best il can, the nesting spaWHs Of lis own Z
currency mills, cautiously constructed for |
the public security, as We arc ossuredi
but as ultimately demonstrated with In.
hcreut and latent defects which are sure
to enable the millers to retain the girls,
and even grudgingly return the toll; or
In other words, 10 drdo erorbiidni inter.
est upon their o,oa indebtedness. Were
such transaction 10 occur between man
aud man as individuals, public sentiment
would Indignantly frown upon il as being
downright swindIing, and its author as
deserving lodgment ia tho poni,cntiary.
IL is no better than stealing, every body
would soy, and words would be wanting
to portray its cnormity, but whom lis au.
thors are embossed within the sideld,SC a
corporation without a soul or RESPONSE
bility either in heaven or hell, but self
confident By playing "rust and loose, to
escape on eorth-do we, the eredulous
people, adhere 20 the same rule of right
No, no. We begin in good earnest to
lool, about for speoious apologies to
screen the institution fret and then its
lamb-like managers and superintendants
from censure and elimination. We find
in our abundant charity, that the law is
defective, aud we use this Of course as a
palliative in behalf Of the rasoals who
have wautonly abused public confidence
: by taking advantage Of il, or in other
/ words we assume that an opportunity OF
temptation TO commit crime or do wrong
f is an adequate justification or excuse foi
Y its preparation. And then we arru,
{ that they did no more nor worse than 9th
D ers would have done ifplaced in their sit
= uation, thereby not only winking at an,
Indirectly encouraging the practice o
: speculation and fraud; but also virtually
z denying the sanctity Of integrity itselfb,
e concedng our own depravity and assur
/, ing every other man to be rogue. Am
j. finally without attempting to correct tn
: evil itselrby orudicating it aad ostraciz
Z ing It's authors from society as mounte
g banks and swindlcrs and punishing then
l. accordingly, we not unlrequently, cspec
- tally if they have gone deep into the cess
i pool of iniquity and made big pile an
l. can strut in superfne coat and other
:. wise, as it is called, play the gentleman
IS take them cordially by The hand, ca
d them "clcyor fellows" smart, indeed Pre-
J. digious smart, aud dub them pinks Of II
i tegrity aud perfect adopts in all the ski
n and wisdom and mystery Of modern I
+ nance aud banking.
s The odium is withdrawn from IN
= banker to the bank, from tho indivdu,
is to the corporation, and instead of beiu
/ entailed as u lasting stigma, as il ouch
ID upon the real transgressor who commi
r ted the wrong and, in many cases, is !
d, better than highwuyman, it is dssipI
r. ed uoon an irresponsible agent that W
i mere automaton acting in obedience
v his will. If it is right for corporations u
a. der the name of bank to issue It's pro-
or ises to pay, receive a full and adoqul
ye equivalent for the entire amount aud tn
g refuse to redeem il or render other co
nj pensations, why is il not right for o
in man to give his note or other obligati
" to another, receive a full equivalent for
,e aud afterwards decline payment or col
iy pensationl If il is right for the bank
N to pocket his thousands Of dollars and d
10 fraud community by his reckless speeul
rs tons under the specious forms of corp
{. ration, why Is II not right for priya
il operators TO 10 the same in their priYa
be capacityl Fit is right to make lions
- these successful swindlcrs and screen th
IL Villainy under the canopy Of some c'
ed porate name, why is IL not right to c
in tol aud magnify individuals notorious
ll- the tricks and turpitude Of their lives a
,r- cond uetl In word ifit is right prs
ut tlce vice, why ineulcate the precepts
e. virtue and Observance of morality. a
- why enact laws for Furnishing indiyidI
I'D acts, as such, which are treated as har
ey less when done, in an official capacity
Iul under a corparate namel
err These and similar suggestions W
ity present themselves TO the consideroti
IN OF every reflective mind, and il beeoni
IT. the duty, as il is the permanent, nbidi
IN interest Of every good citizen, never, u
on der any circumstances or inhuences,
on never, to yield assent to the theoretiS
nal ineulcation Of sentiments nor ado
practices and habits which tend to =