Maumee City express. [volume] (Maumee City, Ohio) 1838-184?, 1838-12-01
MAUMEE CITY EXPRESS.
SATURDAY, DECEMBER j, 1889.

SATURDAY, DECEMBER !, 1889.
BANKINa IN OEo.--The charter Of most,
if not all the Banks in Ohio, will BY their clau-
ses of limitation expire in ls4S. At that
time, If it is not done before, the party then in
power will be obliged TO assume the RESPONSE
bility ofsupplying their places with institu-
tions either by the same or Of some other na.
tnre or the still greater responsibility Of letting
those places go unsupplied. We suppose that
the party now holding the ascendancy in the
state does not, at present, dream oflaying
down its rule before the advent Of the year
l843, and as it claims to possess platform of
principles sufficiently ample to meet all the ex-
igences that can possibly arise in our manifold
commercial relations, we should like to know
what it would do in the case stated above.
The dominant party in Ohio cannot long re-
main unenlightened upon the subject Of finance
while it enjoys the lectures ofa Shannon or an
Allen, and the essays Of a Medary and Brough
they must be fully indoctnnated, not to say
impregnated even now; and we should be
doubly susprised that the manner in which the
places Of the Banks of Ohio are to be supplied,
has not transpired, were we not induced to
hope that some great plan is secretly in agi-
tation, which is ere long to be developed, start
ling us all with the sublimity fits conception,
the comprehensions ofits views, and its aston
ishing adaptation to our peculiar position and
wants. The party isno doubt fully apprised
of all that needs to be done, otherwise its lea
ders would not have predicated their claims to
success with the people npon question of f.
nance. They would not have drawn the at
tention of the whole state upon single point,
unless that point had been fully considered,
and the way marked out by which, through it,
they might perpetuate their power. We do
not complain Of this. They judged correctly
in the estimate which they made ofthe import
ance of good financial regulations. 1t is, and
should be, an all absorbing topic, for in some
shape or other it effects, and strongly, .the in
terests of every person in the state.
We'll, what will the party do to supply the
place of the present credit system of Ohio?
And this is question to be considered now as
well as five years hence; for if the principle is
conceded that we want the use of capital en-
ployed in banking, it is easy enough to see that
we need more thus employed than we now
haye--or, in other words, we no,o need more
Banks. Ohio, with population of one mill
ion needs more machines for facilitating the
business Of the money market than when she
possessed a population Of only three fourths of
a million; with ten millions of acres of land
under cultivation, she needs greater extern
sion of the credit system, than with only FIVE
millions. Thus, if the present systenieis a
good one, something should be done under it,
by the Legislature every year, to keep pace
with our growing commerce, agriculture and
manufactures lift is bad one its placeshould
be supplied with some other, and that spec
dily.
From what has already transpred, it can
not be expected that the party now in power
will ever regard the present banking system
of Ohio with any especial favor. Indeed,
the last political crusade was directed express
Iy against the institutions and the like of them,
and from what has been said and done, we are
left to infer that their destruction is determn
ed upon, or at the least, that they will be suf.
fered to expire, without prospect of their re-
vivfcation.
Throwing then, incorporated monopolies
out Of the question, We have reason to expect
from the party in power, either.
1st, An exclusive specie currency, with a
law preventing thu circulation of bank bills
from other states, ID, A currency composed
of specie and the bills of banks out of the
state.
Sd, a credit system organized under Gen
eral Banking Law, or
4th, The repeal Of all laws upon the sub
ject. and a return not to first principles, but to
noprinciples at all.
We shall take an early opportunity to dis
cuss this matter further.
PATRIoT MOVEMENTS ON THIS FRoNTIER.-
Wars and rumors of wars--men marching this
way and that way, saying, most profound moth
ing, but looking as profoundly wise and sgnif-
cant-nods, winks and wreathed smiles, pass
words, sly coLfabulations, slaps on the shoul-
der, hints very broad, and great deal of moth
ing. So we go; patriot army going to take
Fort Maiden, on Tuesday last--took it several
times last winter, but it wouldn't stay taken.
Gathering ofpeople at Brest.--eating victuals,
ha kinn -hraad MAILING nhont Ga uinn moi hincr