Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-02-09
BANK MEETING.

apreeably 70. notice, IN the Presbyterian
Church, IN Ripley, Ohio, the 29'h jan
uary. 1871. Dr.. Alex. CAMPBELL
in the chair: A. Liggeti, secretary:
The meeting was cllled to take into
consideration the bill, pending bsfIre the
General Assembly Of Ohio, ta establish
"The Site Bank Of Ohio" The object
Of the meeting was stated By the chair
aud the outlines Of the said bill given. -
On motion Of Mr.. r. McCague, q con-
mittee Of three was appO nied to drau0h'
aud present to the meeting, preamble
and resolulio6s on the subject Of the pen
ding bill, for Reconsideration. MI. Nc
C que, Mr.. Ligge,t and Dr.. Bsasley were
appnin:ed said committee.
The committee afier retiring a short
time, returned ana reported, by their
chairman, Mr. McCigne, the following
preamble aud resolutions, namely.
The subject Of the currency, which Is
now occupying the attention Of the Leg
isla,uve, 10 one that deeply and vitality
cuncerns all classes; and Wa deem il the
right as we'll as the duty Of all, to express
their opinions, freely, with respect OF il.
The time, too, has fully arrived Tor deci'
sive action in this matter. Three fourths
or the charters Of the existing B'nks OF
our state will expire IN less than two
wears. II they arc not to be renewed, il
is time the Banks were apprised at u,
thai they may be prepari q TO bring their
business to close: and if the BInS'n!
system is 10 h. continued IN soma other
form, il should be attended TO at Once,
that The new system may GO into operation
simultaneously with the expiration 0t the
old, and the public be protected from the
consequences 6f the sudden withdraw OF
81 large potion 0f tho circulating me-
dunn, and The collection Of SO vast an
amount Of debt.
The, country will moi he content with.
ont Banks. The credit system has been
too lunQ in use and lis beneficial effect ton
we'll known aud appreciated, 10 allow OF
its abandonment.
| II a hard money currency were pTacll'
cable, il Is not, now considered desirable
except by few. By far the greater num-
Der consider mixed currency Of specie,
and paper convertible iRtO specie, at the
wilt of the holders, as preferable. This
ia obtained by sound and well reguI''
ted system Of Banking. The question
that divides tho community at this time,
7 is not 81 much between spccic and Paper
as circulating medium, as the kind 81
Banks that shall furnish the paper med'-
um. Lncal B,nks have heen In ex's
Ianc aimee the organic ltiOn Of our state
Government. AMI still exist amHng nS.---
And il . presumed they have been as
we'll .n1naped, c0nlucted npan as liberal
principles. and are in as sotpeH' a
condition, as any similar institutions in
: Other sta,es: vet, il must be admitted
they have failed to firnish MEDIUM oi
circulation. Of equal value in all plrtS "i
the state, and. iu other respects, have mo-
! fully answered the end Of their creation
Aud lhgt this n always be the case with
The l.cal, indeprnd1Hf, and by cons =
M. ne :. ~ agunis, Institutions. pts his
tnry afMds rs abundant PF"Of. n safe
B nk and Branches. where tho exPsF''
m mt has hesn tried, his given MIRA sat
7 ,siaction aud 60Is gre4lsT favor with the
people, AMI We believe, is greatv :" ~
: preferred 0ver the sys'sT M indePaaNdan'
! local Backs. Among the Ee lsOns t'r this
/, the greater security 10 blI h"liArs i"'
the redemption NJ hs Rnles, the 'In'i0rmiiy
: in value of ,hs lis Of ell the D BancheI
= md the ab lily which such an institution
has. from The greater confidence Fsp'saf
i lin i hy the public, Of mors extensIveI
). and efScieMliy subscribing all the great 10
. erests Of the cOlN,Fy, We helies
J, that The time has arrived for : chang
IN The Binking system, and that such
/ change Ii demanded and expected q N
o hands OF the p eseni Legislature ~
\ large mliMiiy Of the people. We Do
= 10 the pressnG General Assembly 10 d.
Z wise and adopt. (Or the state, a ays'eua
Banking thai will RffSFds sound and uu
y iorm paper currency, founded on sPt
Z cie basis. Of equal value in al sec'IoI
i &c the stsie, and 50 organized. that wh
, he public is amply secured, BY sntlc'el
! guarantees, against loss, capitalists VI
4 lot be- dctarrad from investing Their mo..I
i. sy in il. by ths illiberali'y Of iis ProVe
j, ons OF lhe lnerOus nature Of lls Tes'rl'
III iions. We believe such system m'
d he framed aud although We are not pr
u bared 10 endorse, ssqSat!Iea!y, al Y
+, ,rovisions ST the Bill To- establish 1T
pu Slate Bunk of Ohio" now depending B
\ lire tha Legislature. We cordially aPpro
i 5f lis leading principles, and believe q
3 Il, in some Of ils details il receiv
I'd | amendment IN its progress through 9