, 1862-04-02

THE NEN C0NSTETU T10F-~ BANK
"a RTITLE.

TIE NEW coNsTETUT1oE-~BANK
ARTICLE.
In the new Constitution provision is made
for the submission cf three articles to the |
people separately, inclusive of the article
respecting the Chicago Police Commission
ers, &c, which, however, is only submitted |
to the people Of the city Of Chicago. Now,
in each Of these three articles the cloven
foot Of Lecomptonism may be plainly seen.
First, as to the negro article. 1tcontains !
three sections. One Of these provides that |
no negro OF mu1atto shall be allowed to |
settle in the Statc, and thus shall have no
more rights On our soil than horse or 8
dog: Another provides that he shall not
vote or hold Office. Now, if no negro is to
be allowed to settle in the State, the section
relating to bis voting or holding Office is
mere surplusagc. Originally it vas In
tended that these sections should be voted
on together, but the indignant remonstran-
ces Of the Republicans compelled the De-
mocracy to submit them separately. Still
oneis intended to sugar-coat the other sec
ton The anti-yoting and withholding
office section is dragged in merely to give
strength 10 that other section, which is the
infamous old black law Of The State revived
"A law disgracefu1 both to humanity and
religion, in fact so disg1aceful as to be gen
orally utterly dsrcgarded.
The bank law contains several sections,
to be Submitted to the people in the lump.
One section provides that no more banks
Of issue shall be established in the State.
Another provides that no bills under the
denomination Of ten dollars shall
be issued, Of banks outside or inside the
State; and after 1866 no bills Of any de-
nomination whatever. There is no excep-
ton made in favor Of United States Treas
ury notes, On which the Government now
depends to prosecute the war. Another
section provides that no more corporate
banks of discount or deposit, or for deal
ine in gold or silver coin, shall be created
in the Stale
Thus We have nice medley presented
to the people 10 be swallowed in mass
If you desire to vote for one section only,
you cannot have the privilege, You must
shut your eyes aud take the entire dose.
It was argued by those who advocated the
article in the Convention that it was neces-
sa1y to sweep away the present banks Of
issue, OF they would have monopoly Of
the business, the creation Of a11 such banks
being prohibited in the future. Then why
not carry out their logic to its legitimate
conclusion, and sweep away all corpora
lions that now deal in money, in any shape
or manner, in the State: Such corpora.
tons now in existence, if this article is
adopted, will hare monopoly unparalleled
in the history Of Legislation. Was it be
cause some Of the parties in the Conven
ton who passed this section, are Interested
in such banks tl!at it was inserted? Wt
have heard it SO i.stimated-
The bank article, as its stand, is thus {
fraud, for two 7e1y good reasons. Th'
first is, fiat it contains sections, for one o
which thousands might cheerul1y vote, ant
for another Of which not one man in
hundred would desire to cast his ballot
The second is, that che section proposes +
prevent 4 monopoly by the present banks c
issue in the State, while another creates
monopoly Of banking corporations now i
existence more odious than any ever befo1
hear Il. Ne have heard men ii this cit,
who own lark charters, boast that il thi
article is adopted by the people, il will p1
ten thousand dollars into their pockets.
Such is the description Of special legisl
ton, fraud and Lccompton cngineeriu
that characterzes the new Constitutio!
Whichever face Of the copper turns up, IL
politicians aid spectators are sure to ri
and the people as sure to lose. Thel
were nearly two score and ten lawyers
the Convention. Almost Ill Of these we]
old Democratic political hacks. They &C
1ainly have done excellent credit 10 the
earlier and later schooling, in the produ
ton Of an instrument which has pcttifo
ger, fraud and deceit written in near
every article it contains.