Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-09-28

10 the Senate, when he SAID that the |
wings, at the last campaign, openly de- !
clared the question 10 be National Bank |
OF the Independent Treasury.
Mr.. Foos said that the loco focos were
blaming the wings for the sins of the pre-
sent banks of this State. He did not,
Ike to shoulder these sins. The iniqui-
ties ofany one of these institutions wers
TOO heavy, he said, to be borne by any
OK or mule in the county. Mr.. Clark,
too, denounced these banks as being
about as bad as bad conld be. Yet, sin.
gular as it may appear, both these candi-
dates promised, that, if elected they
you'd vote for Mr.. Nye's bank bill, the
main object of which is 10 re- charter these
rotten institutions, under the high sound
ing name ofthe "Siate Bankof Ohio.'
But how do these professions of hos.
tliIy 10 the banks comport with the past
conduct Of the wings in the Legislature?
Every measure introduced by democratic
members TO restrict the banks and render
Them more able to meet their liabilities,
has been opposed by the wings in body;
and no longer ago than last spring, the
whig House passed bill TO render nope.
ralive acts which had been passed by de-
mocraiic Legislatures for the protection
Of the people against The losses which
they suffer by excessive issues and con-
tinua suspensions of lhe banks. The
following is the suspension section of a
bill which passed the House at the last
session, but was not permitted to pass the
Senate, where The democrats had ma
jorily:
"SEc.- In order 70 afford 10 the
banks of this stale the same facilities in
business which ure enjoyed by the banks
Of The adjoining states, and to place the
liabilities OF the banks in this stare in the
same condition with the liabilities of in
diuidUdls and other debtors of the banks
1 and to all other creditors, all the laws
Of the state, importing tUelpe per centum,
OR OTHER PENALTY, upon banks, for re.
- tusing TO redeem their notes or bills on
dcmand, in coin. and all laws restraining
banks from issuing bills Of a less denom-
+. inaiion than fUe dollars, shal be hsld
$ SUSPIiN DED and IMPERATIVE, un-
til the first Of January, 1912; and if the
banks ofthe adjoining states shall not then
have resumed, and continue in the pay
menl Of coin for their notes and bills,
from thence until the first of January.
lS43, and no longer: Provided. that
each bank aval,ng itself of this act, shall
signify lis acceptance by written notice
10 the auditor, within thirty days from
its passage; and shall, moreover, upon
the Tequstion Of the fund commission.
ers, from time 10 time, lenddO the state,
upon her six per cenlum bonds, upon
such fair terms as may be agreed upon,
such sums as may be authorized aud re-
quired to be borrowed for the prosocu.
ton oflhe public works, and equal TO the
proportion the capital of the lending bank
bears to that of all the banks, and the
sum required, not exceeding in the whole
sum to be thus lent, the amount of Two
and half millions Of dollars. And the
notes of the banks thus furnishing to The
state the means Of prosecuting her works,
shall bo receivable in all public dues, UNI
I'll otherwise directed by law."-(See
House journal, pages 81 Z. and 572)
ThiS was to authorize a suspension for
years in succession, and to involve the
State in the ruin consequent upon the /,
failure Of such banks as the West Union,
the Gsrmsn Bank Of Woosior,'&c. Here
is the vote on this monsIrous proposition.
YEAS-Messrs. Allen, Bell, Cochran,
Daaham, Florence, Gjddings, Hamilton,
Hawkins, Israel. Kalor, Lamme, Law
renee, Marsh, Moore, Nys, Perkins, Pol
lock, Reeves, Robbins, Scott Of Crdw-
ford, Scott of Green, Shober, Smith of
Adams, Sreatcr, Sli0son, Vincent, Van
.Vorhes, Watkins. Weaver, Welch, Wheel
er, WorIhington, Young and Spsaker-34.
NAYS--Messrs, Aten, Baldridge,
BarlIy, Brough, Brown, Burns, Dunn,
Griawold, Hockinberry, Jenkins, Johnson
Of Monroe, King, Morris, McAnnelly,
McGugn, Railensperger, Reynolds, Rib.
let, Scott of Harrison, Shreve, SpindIer,
Warren, Wilson and Wood-2l. (See
House Journal, page 5SS.)
All those who voted in tho affirmative
are wings, and those who voted in the
negative are democrats, except four or
five. Mr. Clarke found it convenient TO
he absent when the vote was taken, and
shnn the responsibility Of voting for the
These are the practices Of the wings
A uaInSt Iheir nrespnf nrofaSHinna Nh |