The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-07-06
Newark, Ohio.
Correspondence of the Herald.l
Nr-- OH H..

NEWARK, Ohio, June %, 1872
Progress Of Mr." Pan Buren-Hon. Thomas l.. Hame'
and the Bankiag System Of Ohio Probabaay@
some further action on part Of the General assembly,
reiatire 10 Barks-- President Tyier's Sarcasm
happily directed against the {" housing Poiiti-
clans"
President Van Buren, is slowly vending his way
10 the Far West, overwhelmed at every step by the
attentions and courteses not only of his political
friends, bn for the most part of men of all parties
Here and there tits but too true, the breast of po
litica enemy seems filed with undying luminosity
towards the ex-presdent, and determined TO vent its
spleen and pltiful spite in manner dsgracefu only
10 those who be actuaicd by 50 mean spirit.
Al Cincinnati this spirit sought diifuse itself with
but trflng success. and at Dayton. | understand it
manifested itself IN a series OF resolutions adopted
at public meeting but at Lebanon, Springfield,
Columbus, &c, nearly al! wed with each other in
extending eyery proper cviy TO theirdslinguished
guest After leaving this state, Mr. Van Buren,
was received with great honor at the Indiana State
line and attended to Richmond by very numerous
escort. At indianapolis. the State capital, citizens
OF all classes were socitous Of extending 10 him be-
coming courtesy; but regret 10 say that the coach
which contained the ex-Presiden war overturned
near Planfeld, and tha, he received /, slight in.
Jury.
The correspondence between the Hon. Thomas
L. Hamcr, aud other gentlemen, relative TO the re-
cent movement of the former in favor of restrict
ed banking system is still g'ing on, but the terms
employed on both .ides appear TO be much more
mild in their nature than they at the COM
mcnoement Of the controversy. Mr. Hamer finds
few OF his .olitical friends disposed follow his
lead in this matter that be may, perhoIs At this
time regret having taken any part adverse 10 his
party; and, on the other hand, there may still
sufficient number take part with Mr.. Hamer 10
danger the supremacy Of the Democratic party,
Il mean in the Legislature, for Governor Shannon
is the candidate Of the whole party tor Govenor,)
and, therefore, few disposed to carry matters to
extrsmtles against Mr. i]amcr, nj least before tbs
election. The question OF tho currency and bank.
ing is yet the great question before the people Of
Oho and one which cannot tall 10 engage their al
tentlon involving, as It does the interests ct every
member OF the community. The bill regulating
banking. which became law last winter, ls inoPe
ratve until the General Assembly charter some in.
stitution to be governed by It's rovisons ard whe-
Their that body will do SO, remains question III
fact, as believe that some few OF our Legislators
voted for that bill from no love Of its provisions, but
because they thereby avoided difficulties with their
political friends, and still he'd II in their power to
vote against any bank charter which might BEGIN.
| roduced TO bring those provisions INTO action.
These few either supposed the provisions OF the law
too severe, or they were hard money men, disposed
to resist the chartering OF any more banks, believing
| 1t impossible to devise any system so well guarded
as 10 prevent the ingenuity OF man from making use
| of 1t as engine of fraud and corruption.
In the meantime, the charters Utmost OF our banks
about to expire, and when they do so, the ques
| ton whether more shall be chartered To take the
places of the deunct ones will be presented to the
Legislature with hundred times more force than 1t
| has hitherto been presented II ls question OF the
| utmost gravity and Importance, and one which not
only requires ability, but practical experience and
skill to manage. II may be presented for the con-
sideration of the General Assembly at the extra
session. toward the close of july for IT anything
further is TO be done in matter of the vital inpor
lance OF this subject 1t Is necessary 7 were done
quickly, for stability, which is useful in all laws,
! is thousand fold more requisite in what concerns
| the almighty dollar.
President Tyler, in his letter to Joseph Graham,
Esq., the editor of the Cincinnati Republican, is es-
peclally and deservedy severve on the present Ma:
| tional Congress He brings against Congress, and
with truth, the direct charge of assallng him with
personal abuse and expresses his readiness TO COM
promise with his bitter assailants, by concedng to
them any portion OF each day they may choose tor
| the display of their unsurpassed eloquence" in
| abusing him, provided they will devote the residue
of their time to the advancement of the public good.
The very truth of these remarks OF the President
VIII max much more violent the anlmosiy OF these
| mousng politicians towards that great function
and heretofore they have vented it by refusing
to follow any recommendation, however good,
| merely because 1t came from him, they may now
advance another step and render their political de-
| graduation still more sure, by committing positive
acts of evil they have heretofore suffered mega.
tive ones to infct US. The eyes of our countrymen
are beginning to open 10 the truth, however blinded
| they have till now been by the preudices of party,
and if the next elections do not display most as
tonishing change in the material of which Congress
is composed-more than one prophet will be disap-
pointed. LOccIpESTK.