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TERMS O its dollar and fdhf cents per annum, if paid in in adeance, or in three months; tito dollars at the end of six months; or tiro dollars ami ffiij cents at the end cf the year.
MP n tew s .J. MCONAGLI Editor' & Proprietor. CADIZ, OHIO, MARCH 21, 1811. VOLUME 10 NUMBER '?-'','' - ' i POETICAL. j ... F rqm a recent Engliih Paper. -A Tlie Triiiuplod Luml. I saw a lmtwu unk in grief v I heard a ration's wail; , And their difep toned misery was caught By every patjiug gale. Want guarded every peasant's door, Swept each mechanic's board ! I saw the Jtobles'of that land r ' In pride and pomp roll by i And I read .Contempt for the poor man's lot In every laughing eye. "1 heard the infant's cry for bread The mother's piercing shriek,' . . And I marked llio trace jf famine in The father's sunken cheek. , . I saw him cast his eye to heavci), ' ' With a stern and sad appeal, . ; And I knew he felt that anguish cjeep ' Which the hopeless only fuel ; - i Yet still the nobles of that land In pride and pomp rolled by, ;-. Nor less contempt for the poor man's lot -Blarked every haughty eye! " The people humbly sued for-bread, But tfieir ruins 'gave a stone;' And theysteel'd their sordid heart's and mocked V The peasant's, dying groan! -. - ' 'Ltiw rents choari 1 bread,' the people cried , , 'Un trammel labor's hands!' . " 'Tax'dcorn,4iigh renin, low wages,' sneered The callous rulling hands! . 1 ' -And the landlords of thafland rolled by To church in pomp nnd pride i ' " ' And the people's dying wail despised; And the people' power defied I : Then" madness came upon the land, , 'Twas the madness of despair; ... Unarmed crowds went forth to beg ! .- .1 With shouts that rent the air!. . , And the rulers grinned a ghastly sinilo ? , . Of triumph and delight, .... ,As forth their niinious came to crush , Tkeweak with armed might;, -- And the landlords of tfyat land surveyed, ' With bland approving eye, The savage and the ruthless war . Of stern monopoly ! Now the council of that nation sits , .; ; ,-: Agaju in gtavo divan, ) But care they ajaght for liberty T -. .. Or for the lights of man! ' ,, . , . A coxcomb's proclamations claim . Discussion fierce atid strong. .. ., 1 t But a starving nation's lofi'd appcalo '' ;. ' "Duheet'.etf pass along!. - e,,, -."--.-r ' And still 'the cunibcrers of tliov rth . , i ' Contrive to hohl ifi clfaiurt, . .The nerve and siuew ol the land v Throughout their wide domains. JV1 I S CELLA N E.O U fc 'If my II:(s!:ind wre to do so," "All nonsense.' Mis. Peters, replied warmly;! any woman is a fool to feed herself up with such fancies. There is only one true remedy, and that is separation. Thai's what I'd do, and what every womar ot sense oygnt xo uo. jjou i icu me about 1io,io ot rclonmng. lya an nonsense. You would nut catch mo breaking my heart after that fashion far any man. ..Not I.' The more Mrs. Unities and Mrs. ruts, ana others urescut ursed their side of the question, rue more pertinaciously WU sne maintain me po sition, she assumed, until Mr. Peters coufd not help leelmg somewhat vexed ana some litue hurt, lie bcins hcr'husband and the only one who could possibly hold the relation toward her of a drunken husband, ho must be the man to wards w hom t.11 her indignation was directed under the imagined possibility oi ins Decerning a tippler, ... . ... . i i Htct a-whJe the subject was ctroppeu, ana at tlie-cioso of the social evening, the friends separ ated and veut to theie own homes. t ' It was, periiaps two montna- Horn ttio perioa at which this conversation occurred, that Mr. Peters left his home- early in tljjllvening, to attend a political meeting politics at the timrj running iffli, and hard cider llowina ag ireety as water. lie was in the hahit of attending such mceliugs and of partaking of his portion of cider, and at times of something stronger, 'hut as he was a So ber man, and a man too, of strong good sense and hrm principles, the thcught ot ins ever partaking too treaty never crossed me tninuoi ms wuu; Ilcguhr in his', habits, ho was rarely out alter ten o'clock ou any' occasion. But this tunc, ten i i . . ft - '.: . . cftino, atiu even eleven, um no was iu.j. lira was a Circumstance so unusual, mat ins wife could not help feciinjr a' degree of uneasi ness, She went to the door and listening for hini, after (bo clock' had struck eleven, and stood thoi-o ibr some time, expecting every moment to iiear the sound ol his lootsteps in the distance. But she waited in vain, and at last re-entered the house, with a troubled leelmg. ': At last the clock -struck, twelve, and almost at the same lima sho heard her husband at the door, endeavoring to open it with'e dead latch key. In this he , was not successful" fiom some cause, and thinking that 'she might have turned the key, Mrs. Peters went quietly and opened the door for him. ' She found that sho had not locked it. As she lifted the latch, the door was thrown suddenly against her, and her husband came stag gering m. As lie passed her, he struck against the wall of thovpassagc rebounded- struck the other side,, and then loll heavily upon the lloor. The dreadful truth mstantiy Hashed npoji'Jicr. Te was drunk.' For a moment her heart ceased to beat, her head reeled and she then had to lean against the Avail to keep her from falling. Then all the tender emotions of the heart rushed freely into activity. It was her own husband who lay before iei',0vercomo by the master spirit of strong drink. VVitJi almost superhuman strength, she raised him up, althdugh a large man, and sap poited Kim Ly the arm until she got hiui up stairs and laid him on' the bed. By this, time he seem- ! ed perK'ca stupid Amid oAix. WjMblod ft-t cut u plies to the frequent and tender importuni tics id' his wile. -- ; S 'v '':". After some time she got'him undressed and in bed. Bat' ho grew more and more stupid evoiy 'Oil, whufcif he should die !' the poor wife moan ed auxioibly, while Iho tears that had ' at first gushed out-still' continued to flow freely. She also washed bis face with cold water and tried "Well," replied his honor, "all 1 can , say to you, my dear is, that you are as great a goose as the bird is a turkey. ' You've been robhed, mad am; the man was a tliiof; I never" senl for my watch; You've been imposed upon; and, as a necessary consequence, the confounded watch is lost forever! ; - The trick was a 'cunning Qne and after a laugh,and the restoration of the Judge's good hu mor by a yood dinner, it was resolved actually to have tho turkey for to morrow's dinner, and his honors brothers ci tho bench to enjoy so dear a morsel. . . ... . , Accordingly, after tho adjournment ofnextday, they all repaired lo his dwelling, with appetites sharpened by the expectation ot a rare repast : Scarcely had they entered the mla and ex changed the ordinary salutations, when the ladv broko forth with congratulations to bis house up on mo recovery oj tneHoien waici!" "llow Happy am 17' exclaimed she, that the vil. lata was apprehended!" '"' ' "Apprehended?'? said the Judge, with sur prise, x "Yes; and doubtless convicted too, by this time," said his wife. ' , , "You are ahvavs talking riddles," replied he. "Explain yourself, my dear. I know nothing of the thief, watch or conviction." "It can't be possible that I have been again dcceivedjjVquolh the lady, but this is the story: "AUomtoHc oxiock. to-day, a pale and rather in teresting young gentleman, dressed in a seedy suit -of Mack, came to the house in great haste almost UHTjat breath. He said that he was just from Court; that he was ono of tho clerks: that the great villain who had the audacity to steal your llonotV watch had just been arrested; that Ui evidence was nearly perfect to convict him; anifv&thttwas required to complete if was "the ttiM -fthich must he brought into Court, and foi had been sent with a porter by ypui or3t'$o)ers.?' "And iCto him?" "Of course-Issil-who could have doubted him, or resiiix'cZtT of a Judge !" "Watch aWFTuMsey -both gone pray, what the deuce, madam,, uro e to do for a dinner. troin Brantz Jtlayor'a.' Mexico. - 4 ' ' EIJUCATIOrV. Every boy should have his head, his heart and his hand educated : lot th's tru'h never be iorgot- ten, . . : . ' By the proper education ofhis-hcad, he will be taught what is good and whatrf evil, what is wise and what is, foolish, what is right and what is wrong. I5y tho proper education ol me heart, J 'Poor woman! What, a thousand pittios it is for her!' said Mrs. priiAos with feeling, 1 won- various means to arouse him from the lethargy of 'dor now., she stands it. ; It my husband were to drunkenness. . But all to no purpose. do so iti would kill inc.' ! - At last, despairing of success, she laid down bo 'I could never stand it in the world,' added Uido him, in tears, drew her arms around his neck. Mrs. Pitts. It is a dreadtul situation tor a wo- and laid lior lace tenderly n' iaan to be placed in. Mr. Larkin used to be one She had laid thus fac-about live minutes, when ot Iho best ot men, and tool; . the best possible her husband caij&a her name in a whisner. j ca(o of his family. For years there was not a . .happier woman in town than his wifiybut, now it makes one's hart 'ache to look at her. Oh"! it '-v.(t be oiifi of the most heart breaking thing3 in jorld to have a drunken husband.' oll all I've got to say,' sioko up Mr. Peters, i a warmth, 'is, that 1 don't pity her much.' ,-'Vhy, Mrs. I'eter's! How can you talk so?' B ",'Weil, I don't ! 'Any woman who will live with j a drunken husband, don't deserve pity. Why don't she leave him: 'That is easier said than done, Mrs. Peters.' 'I should think itj,a great deal easier than to live with a drunken brute, and have her life tor mented out of her. If my husband ' were to do . so, I reckon him aud ma would part before twen- ty-fourhours." . . . . , Now. Mis. Peter's husband was a most cxccl- 'int man and. a sober man, withal. And his "wife was tenderly attached to him. In regard to his ever becoming a drunkard sho had as little fear as of his runniu'' oil' and leavhttr her. Still. when she jnade'the last 'remark, sho looked to- . wards hira.libr lie was present,) with a stern and significant expression on her countenance. This was not really meant for hirn, Sut for the imagi ,nary individual she had supposed as bearing tho : relation towards her a drunken husband You wortld, would you!? Mr. Poiers roplicd to the warmly expressed resolutions uttyrod by his ' wife. , 'Yes, that I would!' half laughingly, and half scnouslv. retorted Mrs. Peters ) ,'lfou don't know' whafjou aro talking about,' f poke Mrs. Onmos. f 1 'Indeed, then, I do! I consider any woman a foul who will live with a drunken husband. Jb or nv oart I have not a spark of sympathy for tho Vivos of drunkards I mean those vvho live with the monwlio beggar and ahuso them. Mere ds i gusting 'brutes the very sight of whom is enough I to turn a woman's stomach.' f 'You 'were never placed in such a situation. f and thorqfoio are not compctont to decide how f far a, woman, who continues m live witn a vuu- -. hnn insli.iiifl.i8 not to blame, tor mvjmrt, 1 am I inclined to think that, in most cases, to live will f the liSaband under theso ; circumstances, is the i least of two evils.' - . ' I- ' Thitt u-as said bv Urn. Pitts." ; i H tliinb Vou are lisrht there.' resurtiod Mr. IV lora. A"jVoman fools towards hei own husband i tliri fiiimr t,f hit children, nnd tho man who in life's soriiiCT time won lior best and purest alloc- tiomi, very tJillureiitly to what Ji(J does towards unotlier man, Mhc knows autus .piumies .and rcnicinliors how.loudcily ho has loved her, nnd How lio sti.'l would love Jior, but lor thos-mad 'tfiif.j.itiou (idm which ho fools it alnto;it iniups tiljlo to tirciilt away.. Tlio hope tliat ho will rc ' form never 1": ws heiv When she. looks at her Jiihhen, eviii i'Jiotig!i nbii.iud and ncgl'-cled, she cmutot hut hoiicihftt their lather will uhimafelvro- i . . . . iiu cajifcu L Oh how,f'agcrly did nonsc ti.),.-; call. :lie listen afier lier res ilf my Imbaiid were to do soP" As he said this still in a whisper, but a very ex pressive one, tie looked her stcadlastly m the lace, with a roguish twinkle ot the eye and a quivering f tho lips, the muscles of wnich could with dil- liculty restrain from wreathing thosgjpxptcssive organs into a merry smile. ' Aire,' Poiers understood the whole scene in a moment, and boxed her husband's ears soundly on the spot, for very joy, while he laughed tiu- in ins siues action as oauas nis oars. . In all after discussions upon the various un fortunate relations of man and wife ; Mrs. Pctors was very careful how she declared her course of action, were she placl in sjtnilar circumstances. If, in any case, she was lot! unthinkingly to do tho remark of her husband, made witlf a pe culiar inflection of the voice: 'Oh, yes 'if tny husband were to tiq so' had tho happiest effect imaginable, and instantly put an end to the uu- piohtable discussion. . - 1 he will be taujrht to lofc what Is mod, wise, and right, and to hato what is evib foolisli and rong; and by tho proper education of the hand, to add to his comforts, and to assist those that are around him. . ,. - The highest objects of a good education are to reverence and obey God, 'and to lovouud serve .mankind : everything that helps in attaining these objects is 01 great value, and everything that Hin ders tur i3 comp.nitivoly' wfonhltfas. llt'iitJit wis doin reigns in the head, and love in tho heart, the hand is ever ready to do good: peace smiles ag round, and sin and sorrow arc almost unknown. THE S.E.1. The natives of Central India have tho most terrible ideas of the sea and the countries beyond it. Sir John Malcolm relates that when Cheeto, the Pindarric chief, was flying in hopeless misery from tho English, he was often advised by his fol lowers to surrender to their mercy. ' Ilcwaspos soscssed however, by the idea tha. ho should be transported, and this notion w"ito him more hid ious than death. Thus hai.ntcd, he never would yield, riu J. Viui.... ii's people one by one, had forsaken him in the jungle, and a mangled body was found in a tiger's lair, which the sword, the ornamented saddle, and a lettercase contain in? some important papers, and a general's com mission from the ex-Rajah of Nagpoor, prove Jlo have once belonged lo tho scourge ot Central India. LETTER OF T. XV. BAKTUEY. S3Iedabv,- Esa.: Will you please insert, in (he columns of the Ohio Statesman, the follow ing tutter. i ours, very rcspecttullv, ' x T. W. BARTLEY. February 28th, 1844. ' ; ' . : Sesate Chamber, Zyr-':-' : " February 20, 1841. J His Excellency, Wilson Shannon: Dbab Sin: It is with feelings of astonishment and (egret, that I have read your letter of tho 15th instwit, addressed to Dr. John Dunham, editor oi the,iit. Clairsville Gazette on the vexed question of jko banks and the currency. : Entertaining for ibu, personally, as I always have, and do now, no ;Jier sentiments than those of kindness and high' consideration, I would be one of the last pers m3 to take exception to any thing which it n f,ht be necessary for you to say in defence of voureejf, against any personal charge or de nunciation, jjut- your loner is not conuned to au-t&cuipalian of yourself. You have deemed it proper, with IhcP weight of your opinion and your oflkial influence, to asgail, indirectly at least, not onlyjthe position assumed by the democratic par ty oL this State, on the currency question, at the Statf Convention recently held in Columbus, but also the legislative acts ot the democratic major ity m tho Legislature at the two sessions piece ding the present, as well asjhe acts of a majority ot uie democratic members ot the present uen- era! Assembly. I conceive it to be due to the democratic majority in the legislature, with whom 1 jljive acted ; due to myself, on account ot the par Vyhich I have taken on the currency question ; and due to the democratic patty of this State, thaj some oi the remaiks contained in your letter sho ild not be permitted to pass uncoutrovortcd. hit 1 shall say,' will be dictated m the spirit of frankness and fairness, and under the influence of no other motive than a high regard tor tho public welfare, and the deep interest which I take in a suocct ot great public importance totthe people of Ohio. And I address you in this public man ner, for the purpose of giving you an occasion for making a further exposition of your views, sluyld you conceive that I have in any respect misapprehended Ihe import and elleet ot your letter. ' - ... la the forepart of your letter, you use the fol lowing expression, which is undoubtedly correct : "The whole democratic p'arly took the ground of ilank lielomi, while our opponents either justifi- td", or to some extent palliated the conduct of banks, and maintained that the system itself sqVired but little if any amendment. This was fore the people of the State in a public expose, endorsing and reiterating (he stale and refuted charge of our opponents, that the existing law to regulate banking is impracticable, and proclaim ing that the bank question in Ohio, so tar as the democratic party is concerned, is an open and unsettled question., . i , The democratic party in the State Convention which assembled in Columbus on the 8th Janu ary last, in an address carefully prepared for "the occasion, most distinctly and delinitely deiined the principles of the democracy or Ohio on. the most important political topics now agitated in tins country. In this address, the following lan guage is used: "Ihe democracy, alter years ot unintermitted labor, and contest, with the approbation and sup port of the people, have triumphed. Popular rights and the popular will have triumphed over the monej power. Reforms have been introdu ced into the banking system, of the highest im portance, wweh .have received the confirmation of thCpopulair voice. . The popular will has sanc tioned them. 1 he people's will has been execu ted, and they appear lor the time being to be satisfied; and it is believed that, lor tho present further action upon tho subject does not seem to be required by the business interests of the State, nor demanded by the people. Whether any fur ther legislative reforms in the banking system, and if any, of what character, shall hereafter be acceptible aud requisite for the protection and security of the commuuity.e leave to .the fu ture decision ot the people themselves, ior the present, we believe that a strict adherence to A IIlltSOKOUS STORY! : ,. As a certain learned Judge in Mexico, some time since, walked ono morning into court, he thought he would exarnino' whether he was m tirno lbr 'business;' and feeling for his repeater, fbutdit-wus not in hlsi p'ockol.a. - ' "As usual," said he lo a mend who ncrcmua- nled him ns ho passed through tho crowd near the door "As usual, I have jttin left my watch at homo underrny pillow." ' lio went on the bench and thought no more ol it. I ho Court adjoin Taud ha roturned home. Assoon as ho Was ryuiotly seated in his. parlor, he bethought himself of his timepiece &, turning to his ......i.l ..... ' fcj !i. j jt - 1. . ... .1 win;, luqiii'sieu nor u pawnor u iomoir cnamoer. "Dot iiiy dear Judge," said fhe; "I sent it to yoiflhrce hours ago! ' ..' , .."x . "; otui ii io mo myueai ! j'euauiiy. urn.-- '"Unquestionably ,','replicd the lady, "and by thc person ytni sent for HP ' ,V'' "; -Vv - "rieciKely, rhy dear, me person von bciu for It 1 .You haiWiot Felt honro?rrioFo tkiiWin hour, when a tall-dressed nian knSclfi d at Iho dotir and u sued -to see' mo. l io ' motight ono ol the very finest turkies1 I ever saw, 'and said, Uiat voii yrmway to C-'ourt you met an Iiidinrwith rr nufii blrof fowls, raid having bought jtliis one, q'uito a bargain, ypu md given birrj a. 'couple of real? to bring iyifmc ; with the truest that I would have :l l.'.n.. 1 i - i . i Jt. i ..... , ... . r .... 1,.J ii. muuh, iiiciiiMi iniu pm loi ooi, vsyuu iiutimii'n invito y-or.l with vou to laor orita,"' said 1io, his o.cellonc y, tho Judge request' i nu loas'ii you to jfivc yourHoU'tho tronbip to Tkapixo Wives. i-F or the first time siiice we have occunied the station of a caterer for flic pub lic, has our duty called upon us to expose such a degrading state ot morality as exhibited in transaction which transpired within a few miles of this place, a short time since. J he ...circum stances, ns near as a have Lean able to collect them, aio as follows; Henry Adams and Jacob Eusperger, both mutually dtssatished wirfr their t I 4 1 . 'it ;. 1 1 ' wives, maae an exenangc, Aaarosreceiveaaooui four hundred and twenty dollars' in tho bargain. Eusperger took Adams children, four m number, and received his title to a small farm. Adams has taken Ensporget'e wife and two of his chil It is said his desti nation is ;in the north cf Indiana, ail'd we hope this nutice may follow hi-n jhcre, and"" tha.t his name may become a byword and a reprr lias tho' wife fotr-lIe vho can thus Vu ..lie the most solenm '..ligations . of a i m riajre deserves d pilv liom the hSnds of follow mortals.'' Enspergvf lived a few days with . l i ' ' . ..... . ivuains wuo, wueniiiero vv sm uuuhjiuihhi iuug ed SgaiiiBtihcrarieiore I. jvciiey,Mq. :- eusper ger eluded the vigilance oil ho olhcers of justice t . '-it .1 ' i 1 i . . ,i . Din ivxrs. Auams , was laKenaiicr onDeiiig orongnt bofore the-magistrate was discharged onaccotutf of informality, linsperger, is still in the neigh; borhood, and at the time ot writing this octiv measures are being' takt'ti to secure and bring Unm to that serves ret. ,the issue between the Iwo parties in 1 ha contest oi icdOj ana in every EUDsequeui one, uiCHiauig 'that of 1812," In the opinion here 'expressed, 1 fully occur. While the democratic party, on the one side, were contending ibr a reform by which to correct the abuses anq evils pi the banking system, under which Ihe people werc severely suffering, our political opponents, on- the other side, met us at every step, contested every inch i$e:ttnd. and resisted us at all points, iThe I strcncUt oi thblwo confliciaiff burliesU,as"vl2rv Lrroarly balanced.. At the session "of 1810-'41, the whig party had an overwhelming majority in thcllousO ol Representatives... At the two suc ceeding sessions the democratic majority in each branch ol the legislature was a very meagre ono tud at Ihe present session the whig party have again a majority in the House of Representatives. Ihe tearful dilhcultics and obstacles created and thrown in our way by the organised and determi ned resistance of our political opponents, almost and, at some times, entirely equal to us in politi cal strength in the legislature, wore vastly aug mented by a diversity of sentiment among the democratic members of the Legislature, as to tho details of the measure proposed, and the peculiar remedies best calculated to correct the various abuses of the banking system. It is an easy mat ter to find fault and point out real or imaginary imperfections in the details of a measure; and few do, nay, very few can, fully appreciate the perplexing and fearful responsibility assumed by those who attempt to propose a measure upon a subject so complex m all its bearings, and so dit- ucult of comprehension m all the minutia oj its practical operation, as that of banks and tfie 'cur rency. Under these circumstances, when beset by difficulties On all hands which seemed to be almost insuperable, the democratic party in the Legislature, true to the paramount interests ol the people, and true to what they believed to he the principles and sentiments ot the democracy of the country, proposed and adopted a measure containing the, terms, safeguards ana liabilities for tho luluie management ol tb9 .banking system in Ohio. Tho measure became a law- at the ses sion of 1811-42. At tho sia; linsr session it was claimed that the law was too ijgid and strict in some of its1 details'; and an amendaforv act was consequently passed, fremoy.ing the.- objec tions by which i as then alleclged the law was tendered mipracwcable; nnd,a few of the promi nent persons coruiCjCted with the companies which had been making application to tlw I legislature for the privilege of eacaniug in the brr ness ' banking, on "Hie terms of the old system, ; wejc authoHzed lo organise and commence tfto bun. aciS ur.der tho present law. Our political At nents, in order to bring this law into dK-, and to utterly p;o:-;tKitc the principle of the, in ocratic parly "on the currency question1, 'have" in- ted that the bank uuestion in Ohio was still . . . . . -w ajujien one have' proclaimed tfie exueltng lu if The following.is related by -Napoleon, with rcf- ln.'tllK'C hi.1 f'Vill Awl up, I orence to one of his great' actions in Italy, when ho passed ovet; the ficlfofbaltle beforotho lend bodies had been interred.- "Iu. tho deep sjlcnce of a jnoonlight night (aid tho Emperor) a dog leap"mj from the cloihesofhis mastef", rushed upon uS,-. nnd theft TeltirnoTl to his hiding place, howling pitbously. lie alteinately licked h;s master's hand, and rtt towards us, thus at ont'9 soliciting and seekimj inwuge. Whether rting to my own pirticular turn ol uij'iul at thnin'iii'.e'rj. the time, iho ilace, or flio nctl- . itselt 1 J.M.w hot, but coiliiinly no incident on any field of tjojftvrr produced so deep an impri'snion cut me. 1 voluntaiily sioppod to contemplate, lit- ncno. roll!f Judges to aJish of ntollM This man, iHutiglit I, has 'friendsjtt tho cam 'or -iitow. And, Oh! by tho way Sen- in his 'company, and hero ho lies forsaken by all $ x'cept Ins dogl v lint a strange being is inan! and how mysterious are his impressimiir I had withsiit emotion ordered battles which wcM 1o decide iho fate of (ho army; I hud beheld .fvitU tt-ailfji eyes the execution of thy.e operatiotri ,y whii'Iinuriibeisofiriy countryrni.-n were f- ' t-'i ."!, "mi ncro my tuetiii.H were rouseunv urn i ; -to your chamhciwand t-.fo hiaal:!v fnpit nn?. tiw.thy I'.iilow, wlloro he sayi ho lelj, it, nsuisu- :ir, tluiJ iiiorinui,', tiiiil send it to him by mci .!, f ml r conrw; ). i.nrrvlo.X !'.t'8ti'' - . . T . 'Voiutid!" ;M the Jii-:,';.- 'r- ,' t Cfya'ml', rinithe bdV.t,'. vV'v,;. ' x jhat. punishment -wmcu neso ncniy oe-i,,, b- inipnicticabie; and by holdinglut r.ror.d- .. HHMttij . . se8 cr a more liberal and profitable' bvilm to bankers, have-so faj succeeded J11 preventing them from fiJlgaging in tha bisiness"On tlio termsJ i.i t .7.1 . 1 ... t mi 1.-1 1 1 proviucci oy ii iaw. i nn quusuoii nau nccomc narrowed down to the simple issue whether Ihe provisions of tho existing lav, containing the prominent principles olljio democratic party on the ciifoncy question, should bo maintained and successfully curried into operation, or whether orr political opponents shoiild Irinmph by the ifdiipti. i of tlnr uus'ifo nnd iri(.,f';;n!i;,:lilo"1jai!k ".: i) .!eiu, which Would be, 1;.J.!o to bo 'used l.y 'diem tit all tirno to come us a political ugmc. v It vmis jif rfoctly cleat that npthing but undaunt ed lirnmcHS and unyjclllmg integrity ot pruiciplo cfetlJil suslamTlio Remocridic party on this great nd cfxciluig issiicC L'ndCr hv": circiiiiitancex whi but voiKHclf, should havo, .puiio loremost uito the battle, i'li.'htcaliiig ftr..!;u'fs, and iufu: in Ufinhdtuice, into Uio rHin.sol too iioinocrary, in Oid';l' h lociirj,' tho poopU of the h'l. It- lV.iiri the (l.ii'iai't Shusos, outu-neoii!) IVauiN,- i:ud "po!!ti..al corruption of an irrcr-uons'ljle e;j'ci:i c!' ! ifkiv" and rigid enforcement of, the legislative provis ions already made, and sanctioned by tho people will be more conducive to the happiness, pros perity and enterprise of the several interests of the State and the people, than a further immcd ate agitation of this all-pervading, all-absorbing. and vexed question." A few days before the Convention, this ad dress, as you will very well recollect, was care fully read over in the hearing of you, and myself in company with a number ot other gentlemen for the purpose of ascertaining, whether, in our opinion, there we're anv sentiments contained in it not in strict occordaitcovwith the viows of the democratic party., that part ot the address which related to the currency and the banks, including- the above quotation, jvas read more than once, and your opinion at the time particularly solicited in regard to it. It will be borne in recollection by you, that you then not only acquiesced hi. but also "distinctly gave your sanction to the views contained, in the address as it was adopted. You Was also a delegate in the Convention, and took an active part' in its proceedings, and there indue fomn aided in the adoption of this address- Im mediately after the convention, in a speech deliv ered at a public table, you was understood pub licly to pledge yourself that you would abide by, and maintain tho proceedings and views of the Convention, in the approaching political cam paign. Under these circumstances, it must appear most extraordinary, even to your most devoted persohll arid polMtfl tVktidj that nfitr the Jarsc ,.c i c... ...i. u,. : r,i. r. .. tion you should publicly abandon the position 0.1 the currency question which you had deliberate ly sanctioned, and which by your .concurrence and approval as a delegate in the convention you had contrived to induce the democratic party to assume. If, at the time of tho'Couveution, you held the views which you express in your teller, it was certainly due to tho democratic pifrty, as well as to yourself, that you should in frankness and candor have expressed your dissent from the doctrine laid down in the address, and at least proposed an alteration of it. The issue between the two 'political parties on the bank question has been most explicitly defi ned, and placed beyond the reach of cavil or con troversy. It. has seemed to me unnecessary even to notice and repel the unfounded assertions of our political opponents, made for mere political effect, that the democratic party were in favor of bank destruction and an exclusive metallic, cur rency.- The issue on the currency question is tie arly and emphatically between an unsafe and irresponsible system of banking, susceptible cl being used as a political engine ou the one side, and a system, on the othe side, subject to thosa. aleguards, liabilities, and restrictions which the lights of experience have taught us were neces sary to secure the community against Iht flagrant abuses, frauds and corruptions heretofore practi ced by backing institutions. This is, the true is sue between the two parties on the' currency question in Ohio. The democratic party have taken their position by a lcgai enactment placed upon the statute book,and have sustained it by the popular voice of two severaftlections. Alatsnl the State Convention reccutly held at Columbus, this "position on the currency question received the signet ot the approbation ot the entire de mocracy oi the tetate by a distinct expression, and a pledge to abide by, and maintain it to 1I1O letter.. It seems to roe, therefore, that ad deiito-J crat need fear the humbug clamor ol our political opponents that we are 111 lavor of baftk destruc tion Vottr opinion, that the existing law lo regulate banking 'is impracticable, is founded ujiyji Ihe hicts, as you stato them, '-that it is claimed by capitalists that it is, not practicable;" and also, that, as yet, "no banks have gone into operation under the law." The declarations of capitalists on a subject o&this kind, as, I humbly conceive, ought not to bo. taken as voiy conclusive, inas much as tjjey are made with motives ot sell-in-tercst., .Tue testimony of an interested witness is not .to be heard in .the investigation ot truth. You will - recollect that wherr tho Ivnu reSum tion law , was passed lwnyeai.','ft"o, capitalist pronounced it impracticable, and asseverated most emphatically, that if would break up cvfty bank in tho State Our political oppoiiouta in tho Legislature undertook to provo tile measure dp bo-impmrticablej'imd graifcly "asserted lhatji would drive a largo ahiount of capital out of Iho Stale, and cripple our financial operations in Ohio Ibr years lo t-omo. I'm thojdi'inocrau'o party was. not to be driven, from th!ir ground by tho nucleated cl imor of ciipilam's, or ilie id!.' di k ination of our political opponents. Wo thiin s.ood tlrrrt and met tho crisis; nnd when the tiin: an! ted, the banks resumed specie ptiyrnrnt, It is a'no- stoddiolders in baukiug was claimed to be whol ly impracticable by capitalists; but now we find' banking institutions, in an appucuiion mauu iu the present' legiblatute, by a bill reported by Mr. Fuller, a whig member of tho Senate, on behalf , of the banks of Sandusky and Norwalk, positively'; agreeing (o accept (lie individual uauimy pnnu-. . pfe us prescribed in thexistiiig law. And thus . it is with capitalists.' wnetievt.r u is p:opoeu to impose any new safeguards and responsibili- ties upon banks for the protection of comnuinily against their abuses, the new regulations are uni-, ,. , , . 1 . i i i ..,:...,., tormiy resiBieu, as nnpiacucaoie aim lumuua, un til their operation becomes inevitable,: , ' 1 . "; The inducements which have deterred capi-t talists from engaging in business under the law,", during the short period since its enactment, '! appreuend to be not very dilucun 01 comprenea-. sion. ihe prospects 01 moro tmerai anu proiua- ble terms, and terms by which the banks would be enabled to wield a political power and influ ence in (he affair3 of State, have been held out to thetn as an object . po jnconsidcnible. jmpor- another struggle for political power bcfoio they ', yield to the "majesty of the people. Also,- it was well known during the j.;ajf season, that if any persons had attempted t4 commence the busi ness of banking tinder the exiting law, they would have done it under the liercojiild exter minating waif tie of the whi" paity of this State, with all its party organs. - Under these circum stances it is not surprising to mo that none of the companies' nitthoiizi.-d ui dcr ihc law nave com menced business. When capitalists find, howe er, that (he peoplo ti to true to their integrity, and can neither be bought nor driven from tho safe guards and liabilities of the present law," they will accept its terms and go into business ,.un-; dor it. In endorsing the charge which has been made that the present law is impracticable, it seems to me that it was due to your.elf and dan to ihe dem- -ocratic party, that you should have specified the provisions by which il is rendered impracticable. With your acknowledged superior ability and your extensive researches aud long coutinued investigation of tho bank question, you certainly can comprehend the effect of-cvory provision in the law, and determine saPsftctoiily whether any ' part of il be impracticable or not. Why not spe cify tho provh-ionsnvhicli arc thought to be im-.; practicable? Why found your opinion barely upon the intended cijmor which capitalists have uniformly raised whenever" an-attempt has here- -loforc been made to correct their abuses by sal utary safegurttda? The practicability of this law has been under discttssiondn the Senate during the present winter. Our political opponents who make the charge of impracticability, were" called upon to sustain it by itkicnte lo the piovisious of tho law, but in atnoet s'twl manner did they fail to respond to the call by sustaining the chirge. . Alios' me, sir, here to say, with all due defoicnc'e ior your opinion, (and 1 have always entertained a high respect for it,) that I defy you or any experienced practical banker to come be fore the people of Ohio, in a public communica tion, and sui'.'ui the tVugo of impracticability by proving any'jpf'clrtn 'piotimtaM jJ-ft-htf lo .br . impracticable. Upon a full understanding of the subject, I solemnly believe that every provision will be 'found to bo just, ro.inouablc and practica ble, and that thele is not a ror.tiictioii in this law, which is not nocei'-s.uy as a check upon abuses, which past oxperieuco has shown us to require correction. " .-. ; You charge, that capitalists claim that they ' cannot make six per cent, interest on capital in vested in banking under this law. Whether this claim ho well founded or not, Can be ascertained to a demonstration, by reference lo tho privileges allowed. Under this law, a bank is authorized to issue, for circulation, its own paper.. to an amount eqiud to its capital paid up; is authorized to extend its luuns sud discounts, to aa amount equal to twice (lie amount of the capital; is au thorised to receive deposits without limitation, aud is uutboiizcd to deal in bills of exchange, and sell checks and drafts In the exercise Of these powers in a prudent and economical man-. ner, it can be demonstrated with certainty that more than six per cent, per annum can be reali sed,' after pay tug the tax and all reasonable ex penses. For illustration, suppose a bank to be commenced turner una law, uuu- wuu a capnui i one hundred thousand dollars paid 111. Ihe bank, can, from (he beginning, lend out one hundred;, thousand dollaisof its paper, and sixty-six thou sand dollars of its capital, the remaining thirty- three thousand of its' capital, being tfie specie fund for one dollar . for every three dollars ot pa per issued. The interest of six per cent, upon this gne hundred and sixty-six thousand dollars toand, would Be jul-1 ten per cent, upn the cap- tnl invnlrH Knt. iriMsinnr. has he bailK IS author ized to take the interest in advance, and thu2 to ealize a compound, Interest, the prom would be copsiderably more. Bolides tins, whenever tho deposits of the-bank, will justify it, tho loans and discounts cm be increased to two hundred thou sand dollars or twite (he imiouut of the capital paid up, wl;;ch would yield without taking the interest in iulv;:uce, ju-it twelve per cent, upon the "capital invented. .A -id besides all this, tho bank can rnsliza a vety considerable amount, by dealing in bills of exchange, and selling checks and drafts. It mav be safely estimated, that, by the iiitereHts upon the ioons taken in advancer, and by the (Mollis on deal'ng in (ho exchanges and till the busineH, a gross profit, of at least, twelve per cent., can be realized. Tho tax im posed is ono half per cent. upon, tho capital, which would amount to r(!l. Under the piu dont management which they would bo compel led to observe, the louses could not exceed an 'average of one pet cent, ou tho capital, which WOUkt amount to ,VUt'l JtliO C-'pcil; 0 in uir f. e., ou-rlit not to liir tho entne ex it la ti inn, tumuli-'' have, 'witR a t i S.:)' it, instead of Ai'i di .ii; Iiwi.i..i;fl;'(. Vliii'!l !l lb' H" be lor.otw fict. that v. enacted ill the St piorou.K'cd it b ! it would break dos ihnt r'-Mic. I!-, v nr;iti', (l.o l-a.iks Ihmi lti, f.lv f'iind ! t'.o of Xow i'or!:, ca . dutitruclfon,' and iiiii'g a tho hat banking hoti-'f. b;mk c"'-c. i";cfcd K'i.i!.". makiP!' in pMinrs and lu's, four thous.Mid cl il 1 f, wine would be .four per cent, on the cp'tid. Tin would 'leave e:,"hl pfr cent, licit piofit, fi-r 1!. I lo slot !.hold'!i, Th.d cah'Ulahoii d. divide not include mwy of ihe sources of profit at .1 coriT fnlcin-r- to the sbjci.holdciii whicu wo'dd a!Vn!d,"and it itrd.cj all fair ttml - V!" LiHowancca f.r expetiKtiB and ! futUui of th;d rMeiit of capital. -.What rreatfr oilvaiitnjtc, for f . 1 11 Til ll , banking imititutions out lien t!io tirno carno for its op- 1 ; ucpepted its provisions, and ! 'mi! (.-.-u a fkvoriio t-..:et!i ' ':'! imiivi'l ;al V'd 'i 1 ' ' ? Tii- edi) nut j it 01 c ", COltld Hi-t IX tend l! cap;t;i it.. fc.V . t' 1. i A A