The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1841-01-22
A YOUNG MONS TER IN THE WOMB.


A YOUNG MONS TER IN THE WOMB.
In the Ohio Legislature, on the Ilth inst,
Mr.. Nye, reported Bill in the House TO incor>
porate the State Bank of Ohio. It is tho pro-
iec! the Bankers and Bank attorneys, have been
concocling all winter, and long one it is, con.
tanning ! II sections. But the issue is now
made. A hold and daring attempt to connect
the State Government with the money Power.
Will the peuple sanction il We think not.
VIII they bring into existence powerful corpo-
ratiJn-an instrument ofcorrupton-a manager
and patron of election frauds-a corruptor of
Governors, Legislators, Politicians, and Ed.
itors--and machine which foreign Capitalists
can use to operate on the bus ness, the elections
the legislation, the commerce and trade of our
State /? We think not Money is the subver.
Ter ofLiiberty. Wherever the money power
has been allowed to creep it. aad connect itself
with Governments, direfll Rave been the conseA
quences. The worlds history proves this.
Then let the'past be warning for thefil,ure. LIE,
us have no connection of Bank and Statc-Let
Them ever he dissolved, nid i ,7all be built be-
tween them, that ran never lie got over.
The capital oil the new Bank is motto exceed
twelve millions. Tho capital Of the present
Banks is about twelve millions. The capi,alof
the new Big Bank is to be owned by the little
Banks. The State orOh;o is to become the foo,
0ai' OF t. rotten and corrupt set of Bankers, con-
sOlidated together, for the purpose of rendering
nugatory all laws, and robbing the laborng elias
ses of their hard earnings, to put in the pockets
Of the specula,ors-tho ma me Of the State is to
he given 10 lew individuals, to make them.
selves rich, by impoverisbihg the many. I'm.
lei such circumstances and viewing il in this
light, we hope the charter for State Bank may
never be granted.
The outlines Of the Bill now before the House
are that its capital shall not exceed twelve mil
lions ofdollars.
| That before the books are opened for subscri,
ton, the Governor shall appoin, nine commits
sionere TO examine the condition of the presen
Banks, and report the condition thereof. Afle
which,
The board ofcommlssioners shall cause books
to be opened at the county seat of each count
in which any solvent bank is situated. And
ANY solvent bank or the banks of the count
in which branch is to be situated, may sub
scribe not less than the total amount Of capt.;
stock paid in~of the Bank or banks of said cou
ty, nor to exceed said sum more than fifty thou
sand dollars.
No branch shall be established with less cap
ital than one hundred thousand dollars.
The affairs OF each branch 10 be managed b
not less thau FIVE nor more thun nine directors
The stock of the several branches to be div
; ded into shares of one hundred dollars each.
The directors ofeach branch after their o
ganiLation shall report to the board of commi
sioners, who shall apPpint time for the cleo
ton of a board ofcontrol, which shall consl
Of nine members, who shall keep an Office
Columbus, which together with the books, p
. per,, &c., shall be at all times open to the Il
spsction of officers of the General Assembly.
The Board of control first elected, to be I
, vided into three classess, the first TO hold tht
. appointments one year, the second, Two veal
: and the third, three years, and all members su
ssqneEtly elected to fill the vacancies of tho
whose terms have expired, shall hold tho 3