The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-11-25
Newark, Ohio.
Correspondence Of the HERALD
NFwARr (OuIo Nov. z

NEWARK, (OnIo,) Nov. Il, 1872.
:" Bank Reform" and the Cmrency-Renoralof tho
Seat Of Gorer glient to Necark-Ihe Close Of No y
vigation on the Ohio Caaai-Grdnd Celebration Of
the htauguuatio on OF his Ercelency Coz. Shant on,
&c, &C.
Very lew matters OF interest have transpred since
my last letter, aside from the great question which
every one is continually asking, "what legislative
action will be had with regard to the currency9"-
The opinion Is general that something will be at
tempted in the way OF ''reform," word which
never quits the lips Of the many but the difficulties
attending which, the few only understand. That
simple word possesses a potent sway, and has been
a watchword In many a political contest, and the
turning point OF many political victory. II re.
mains TO be seen whether the General Assembly of
Ohio at It's approaching Sesslon will venture TO dis
turb the great landmarks laid down by several pre-
ceding legislatures reative to banking and the cur
rency Far better Is II 10 adopt some permanent
system, which, though sus ceptlbe OF Improvement,
sautary in It's features ge neraly, than TO be listen
ing with deterence always TO the cry OF "change !
change! which the self Interested din iuto orr
alarmed ears. Let Ohio adhere then 10 the or eat
features Ut her banking lawslet them be a eus
around which TO gather such improvements and mo-
dlbcaIons as experience imp eratlvey demands, and
such only have no doubt tnat great rnaJoriy
OF the democratic party OF ONO Is IN favor OF some
system OF banking Declarations 10 mat effect
made before the election and will be acted on in
good fah according TO the tenor and effect there
'of J" but THIS good faith will not be manifested by
recharter,n the present banking Institutions OF the
State under the same reslr ctlons that are con-
tanned IN their charters l will be shown, however
by offering them charters containing all the restrc
lions which recent experience demands, and par
tcularly the Individual Liability OF all the stock
holders. A portion OF the democratic press sets It's
face against all banks, but by lar the greater num-
Der OF democratic journals declare themselves Tor
paper currency redeemabe LII specie demand
nj fhtnE thar at
charters OF which do not expire the LIST OF Janu-
airy next, will be sufficient tor all useful purposes
without chaItering more for the present such Is
also the opinion OF the Old School Republican The
organ of the Tyler party III Ohio.
A discussion Is going on IN the newspapers rea-
tive to the propriety OF removing the seat OF the
State government from Columbus to our beautiful
city OF Newark, and without doubt strong effort
will be made this winter 10 effect that object. lam
informed by member oil the Legislature, that the
delegations from fifteen counties have been in
struc ted to vote tor a removal, from Columbus 10
some otner place, OF the seat OF government. am
OF opinion, however, that absolute majority will
be unable TO agree on place TO which 10 remove,
although they might be glad TO quit Columbus 1t is
only in this way, That Columbus may escape the
jury threatened her. Newark will be the choice Of
u majority ot those members OF the Legislature who
wish TO lea Columbus, but Mount Vern, n, Della.
ware, and Lancaster, will each be the choice OF
few Ii Is barely possible, that compromise may
be effected, so as TO unite all on Newark.
The canal at this place Was frozen completely
yesterday, 10 close The navigation. 1t has been
excessively cold fora few days past, but ant,cl.
pate some few warm days. before the winter sets in
with all the rlgor predicted by people esteemed
weather. wise.
The Inauguration of Governor Shannon will, 1t is
said, be celebrated with unwonted splendor at CO.
lumbus The faithful are expected to flock from all
parts OF OHIO 10 the seat OF government, to lend
their aid IN paying due honor to OCCASION, In
terestlng and Important and it is sad that the fes-
tivties of the day will be closed by grand Inaugu-
ration Bail, 10 be graced by the presence OF rare
beauty and accomplishments. 1t is supposed that
the Hon. james Faran, will be reelected Speaker
oil the Senate without opposition; and that the
Speakership of the House, will be between Col. q.
]. McNulty and the Hon. John CLANCY, formerly
M. G. IOCCIpENTE.