Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-02-16

tee of The whole, Mr.. CCok in the chai
on the bill 10 incorporate the State Ban
Of Ohio.
| The question pending was on the nc
tion OfMr WorlhinglOn 10 amend tn
9Th section so as TO give the appoint
tnent Of one half the number OF the Boar,
of Control tOIhe Legislature, instead O
suFrenderiDg the whole ~ the Banks.
Mr. ,WOrthington addressed The com
mittee in support of his amendment.--
He said that though generally proud t
fUilOw the echairmaHOfthe committee Ina
reported this bill, in bis views upon the
currency, he could not do SO in thil
instance: yet he would not say, that, il
this amendment failed, che should vote
against the bill. Mr. w. said he had
been warned against riding this bank
hobby, he (Mr. W. would now give the
chairman, of the committee the same
warning; for he Is riding a B1RRowED
horse. .- .eru
Mr.. ProbascO followed in favor of the
amendment. He said that we had peIi-
tons from various quarters of the STA q,
calling for either of two syslems-tLe
Sale Bank or the Safety Fund-aud yet
the essential conservative features of
hose systems are rejected by this bill,
and palpable disregard is shown of the
expressed will Of our constituents. He
referred to the difficulty that had arisen
between the Slate of Illinois, through its
Legislature, and the State Bank, as evil
dence that the political strife, which gem
tIemen sad they feared would be created
under our own system in this State, unless
This amendment should prevail. This
Board or Control, ii had Deen contended.
would be a safeguard against excessive
issues. He (Mr. P.) could not persuade
himself into that opinion. Ii is presum'
ed the br nches will elect the persons
most deeply intereste sted-wh0 have the
greatest amount Of stock, and who will
authorize excessive issues TO promote
The interests Of The hank, without any re-
gard to the interests or safety OF The com
munity. Why, call this a State Bank?
Does It possess any Of the properties
If State Bank2 A Slate B nix is on,
where the State owns portion Ol tie
stock, and has voice in the choice of
its Directory. The gentleman from JEFF.
ferson, (Mr. Marsh had employed, as an
argument against the establishment Of
such an institution, tho State Bank of
Vermont. That was just about as much
like good State Bank, as a wooden nUi.
meg was like a good nutmeg. A State
institution, similar, in its essential feat.
nres, 10 the State Bank of Indiana, waich
had answered the purposes for which it
was created, was what The people Of Ohio
demanded, Why not compromise, and
incorporate some ofthe leading features
Ofthe Indiana State Bank, and N. Y.
Safely Fund system, into this bill. But,
said Mr.. p, there seems no disposition
TO yield or compromise.
Mr. Nye replied. He said he had con-
suited The condition of the State, and
brought in bill which he thought best
suited to our peculiar circumstances and
situations;
Mr.. Perkins followed in opposition,
and was replied TO by Messrs. Hawkins
and Bell. The latter gentleman, in the
course Of his remarks, said the State
would be compelled to borrow al least
81, ,0O0,OO0 for the completion of the
public works of the State. Mr.. Bell said
we were told by the gentleman from
Washington, (Mr. Nye,) that we could
"best write upon subject about which
we knew something" As representatives.
Of the people on this floor, (said Mr..
b. we are as responsible for our votes
as though we had been reared in bank.
ing institution. We may be told by
those who think this bill is perfect, that
we "know nothing" about the subject,
and that we had best hold our peace,
and leave all the responsibility to those
who do-but Mr.. B. owed duty TO those
who sent him here, from the discharge
Of which he should not shrink.
Mr.. Nye said he was sorry his friend ]
from Darke had misunderstood his remark
made the other day. He had intended
the remark for a general application, not
excluding himself from it's force.
The question was then taken on the
of Mr.. Worthlngton, and lost.
Messrs. BRoUen, BRowN and NYE
seyeraIly offered amendments; the TWO
former Of which were lost, and the last
adopted.
!" Mr.. Hawkins moved to amend the 44th
section so as to make out monthly state
ments, under oath, Of its condition, and
transmit the same to the office Of the
board Of control; which statement shall
be placed on record. ~ y " 4
Mr.. Nye made some remarks in oppo7
sition 10 the amendment.
MI. Hawkins said he perg respect fully
differed from ihe gentleman. He did moi
want the gentleman (Mr. Nye,) to get
up and say 10 him M. I,) that he had
not read the bill. MI. Fl. had probably
Rad il az often and fefiecled' upon ID as