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Ohio Banks

Ohio Banks image
Parent Issue
Day
2
Month
June
Year
1845
Copyright
Public Domain
OCR Text

i ne umo American says that tliree Banks areaboulbeing orgnnizedin Cleveland, under the new law, all of them on the free and independent system. One of them is to be called the "City Bank of Cleveland," and $45,000 will soon be issued. During the summer a large number of bnnks will be organized in that State, and after harvest we presume their bilis will be sent into Michigan largely, to be used in the purchaseof crops. Now we take it upon us to advise the fnrming portion of community to wholly refuse to receive this currency for their produce or lands, for these reasons: 1. The Banks will be new, and it will take sometime for their credit to become generally established at the East. 2. Western Bank paper is usually at a discount in the Eastern States, and if the number of Banks be large, and the issues plentiful, you may find more or less difficulty in making it pny nll yourliabilities. Your produce and Innds will bring the gold, if you demnnd it; and it is absurd to receive an inferior quality of Bank paper, when you might have the very best, or have the specie. 3. We are nformed that there is no sufficient guarantee that the notes of the Bnnks will ever be redeemed, inasmuch as the property of the stockholders is not holden for their redemption. The natural course of a Bank organized without any personal responsibility at the bottom, will be to keep up its credit while the owners can make more by sustnining it than they can by breaking; and when the concern can no moijc he mnde profituble, each person intcrested will seize whnt he can. and let the dead cnrcass go to oblivion.lt must be mortifying lo ihat large portion of the Whigswho were concerned in mnnufacturing nnd circulating the falsehoods and forgeries ogainst Mr. Birney, to find that all their efforts have been uUerly unnvailing in destroying the confidunre of Liberty men in his integrity, ability, and truc nobleness of heart. We commend this fact to the notice of the Detroit Advertiserand its kindred spirits, who seem to have adopted towards Mr. Birqey the watehword of Voltaire nnd his friends towards the Founder of Christianity - u Crush the icrelch!" The Ashtabula Liberty Convention, at n recent meeting, unoniuiously adopted the followingresolution: 'Resolved, That notwithstanding the unremitted exertiona made todestroy the character of Jamks G. Birnev. our Presidtuitial eandidate. we still plrtce unshaken confidence in hini as an honest man, and as a patnotic stateman; nnd when the time comes, f it shall be judged best to place his name again in nomination for the same office, wo know of no reason why we should nof, as heretofore, give him our hearty and undivided support."(E? The N. Y. Commercial Advertíser has a lion story. The first lion that ever visited this country was brought from France in 1798, and was Vxhibited for a show until 1820, when the proprietor sold him for $1,000. Being the only lion in the United States, the owner was enabled to exact a dollar a sight for him, and in this way accummulated a fortune of $30,000. These, says the Advertiser, were oíd and happy days; the men of that era about which Mr. Thomas Ritchie likes to talk, when Mr. Jefierson worered plush breeches, and oíd John Adams and Timothy Pickering insisted that every man of taste and fashion should wear a cocked hat and perriwig. But, Oíd limes have changed; oíd mnnners gone A stranger filis thc Stuarts' ihrone. And now you can see a whole army of lions, tigers, leopards,zebras, elephants, rhinoceroses, and one third of the whoie animal world, by paying the very small sum of twenty-five cents. ID "Wliat an amoumof grumbling dirtct taxation would cause! A mon paye bis national taxes without knowing jt. The N. Y. News saya that in Liverpool nt the latest dates, 32 inch ahiriing, weighing 7 lbs 10 oz. per piece of 40 yarda, sold at 9 ehülinga, or 4 7-10 cent, per yard: a correaponding articie is 80,d ,jere nt „ coma. Henee 3 ynrds for n shirt made of the Liverpool anido would coat 14 l-io cents; of the American articie 33 cenia. DitFerence 18 9-10 coiits tax imposed per shirt by the preeent Tari ff. Would any Yankee stand such a tax -without growling, if he wero obliged to pny it to ihc tnx. gather every time he bought a thirtt(L?. The Free Presa states that 700 tons of Railroad Iron have been purchaeed in Natchez, Mwsiasippi, on a credit of from 12 to 24months. Another lot n Mernphis, Tcnnessee, is to be atíded to this, if practicable, and these quanlitics, in comicciion with Brrangemente made in New York, wiil iron the Central Railroad as for as Kalamazoo.

Article

Subjects
Signal of Liberty
Old News