The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1879-10-09
qatfsce1Ia,reot1s.
NATIONAL BANKs1N POLITICS.

-NeyNoN.NNeN>>>~-s~N~e~S
NATIONAL BANKS IN POLITICS.
There was recently convention {
bankers at Saratoga Springs. Immed
ately after the adjournment Of the cor
Ysntion Of this Bankers Association
circular was issued ITO the Banks an
Bankers of Ohio" Itshould be remem
bered that the organs of the Nations
Bank party, the Republican party, con
tinually insist that there is no such thin
as a Money Power. 1t should also b
remembered that the Republican party
through all it's organs and orators, is op
posed to the Greenbackersand the green
back because they are shocked at tn,
idea of mixing hanKing with politics,
though the issue Of the greenback is il
no sense banking" The men that ar,
horri6ed at the notion of making cur
rency the football of politics" send ou
this circular
"The American Bankers Association, !
"N0. 247 Broadway, Rom No 4, !
New York, August 8, 1879 J
ITO the Banks and Bankers of Ohio
As members of the Executive Council o.
the American Bankers Association, We
desire to state that special measures will
he taken to forward our interests in Ohio
It is desirable that all banks and bank,
ers become members Of the Association
for this year at least. Yours truly,
rI.r "WM DEsHLER,
president National Exchange Bank, Go,
Jumbus, Ohio. A. II. Moss,
"Pres'f First Natn'l Bank, Ssndusky, o."
IA 24] 9tdU ,G0lGG .J.
"This year" seems to be an important
year with these people who desire to
have 'the issue Of money entirely di.
vorced from politics." If any other mo.
nopoly were to announce that Especial
measures would betaken to forward its
measures in Ohio" pending an impor.
tant election, the popular indignation
would crush it out Of life or out of pros
perity. Here is a vast system. monop-
oily the most perilous this country has
ever known, system authorized and
paid by the Government-th people :
to loan its debts, and to grow rich while
Others grow poor, and it assumes to walk
into great State and take charge of an
election. This is amazing insolence, but
it is more than that. Free men are not
only insulted, but they are in danger of
being owned. The question stares them
in the faCe-are they the slaves of the
Money PowerP Are they the subjects
of the National BanksP Can the Ma!
tional Banks vote them as though they
were cattle, or beguile them as though
they were idiots, or buy them as though
they Were paupers and wretChes? Where
is the self respect of the people of State
who will succumb to such Especial meas
ures2" If it has come to this, elections
are an unnecessary farce, Let the Off.
GERS and directors of the National Banks
of Ohio choose our Governor, our State
officers, and our Legislature. The Ma
tional Banking system has only been in
existence a few years, and it is already
become question in this broad State of
Ohio whether the people or the National
Banks shall conduct elections.
It is foolish to underrate the power Of
these banks that promised on the Oh of
August last to take control of the Ohio
election. 1t is a tremendous force in
Ohio. There are one hundred and fifty.
three National Banks in this State that
hold 1000 900 in United States bonds,
and sre authorized, in const quence, to
loan SIS 100000 Of their debts With
these d. BITS these banks have loaned
32,000,0O0 to the people of Ohio. The
net earnings of these banks for the past
year were 81 1000 They have sur,
plus of more than $4 600 600 They have
been drawing more than Is per cent. per
annum on their bonds and debts. They
have an enormous patrons age, an army Of
parasites to whom they pay more money
annually tran is paid to all the Senators
and members of the House of Repre-.
sentatives in the Congress of the United
States and sum sufficient to conduct
about fifteen States like Ohio. Patronage
is power, Cassius Clay used to say that
with the patronage of this Government
for a few years he would abolish slavery
and change the Constitution without
shedding drop of blood. Look at the
patronage of the National Bank Power
in Ohio: