{"newspaper_name": "Mississippi Democrat.", "edition": "01", "page": "p2", "byline": ""}
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LOOK OUT FOR ROTFENNEsS AND RAGS.


True 10 herself, and 10 paper money
and rotten Banking, which have ever been
me idols Of her idolatry- wbigery in Ohio
mas sconsummated one Of the most stipend.
Gus schemes for future explosion, history
has yet recorded. With an idiot blind.
ness 70 all the history Of experience, ihey
have turned the whole governmental ma.
chinery Of the State into an immense


Banking establishment. Universal expe.
rlence has proven that every such conaec.
llon of governments with Banks. produces
corruption and final explosion and ruin -
And this scheme, more glaringIy absurd
and unsound will, if it goes into operation
and is not repealed by the Democrats, who
have and will wage an unceasing war IN.
on il, be more disastrous 10 its ruin than
any which has yet spread beggrry among
our population. We say now TO our pub.
lie in time, touch not an Ohio Bank note.
Their Shig system will inevitably explode,
and the money sooner or later will be
worth less than Brandon or Owl Creek.


We will give an outline Of the proyi-
sions of this scheme; SO that our readers
may see TO what extremes whigery can
go when left unreslrained to pursue lis
own vagaries and projects of plunder.


The new machine is TO be called atbe
State Bank Of Ohio" The State Is 10 be
divided into IL Banking districts; and six
millions Of new capital apporlioned out
among these districts, besides some dozen
or so of rotten concerns already charter
ed, which if not too fiat, are allowed to 90
on as separate Independent concerns or
as "branches" of this State machine, as
they choose.


The State officers, the Governor, Sec.
retary OF State, Auditor &c., are the gen.
era superintendents Of The whole swind.
ling bubble. Among the restrictions are
the following:


Thirty per cent. of the capital stock
OF the concern is to be paid in Specie!


They are not authorised 10 issue bills 10
more than double the amount Of the capi-
tai stock!


They are 10 have al all times 80 cents
"a sPeeic iol every paper dollar in circu-
laiion!


The stockholders Of each bank are not
TO owe il more than one third its capital,
nor the directors more than one fourth!


And the Banks are TO be examined BY
a commissioner appointed by the general
board, and paid BY The bank he examines!


From these outlines every one can see
the unblusbing humbuggery Of the scheme
the favoritism and corruption 10 which
it will lead and the explosion and bank
ruptcy in which the whole is compelled TO
end. 1t is a whig scheme throughout
Let them father il and defend it. Every
Democrat in the Ohio Legislature voted
against it; and every whig for it. Such
ire the schemes 10 which whig principles
cad, and such they attempt when they
Unfortunately get the ascendancy as they
lave in Ohio. | lVicksburg Sentinel