The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1842-10-06


iod as the Legislature ia its wisdom might think prop
or, suggesting the term Of l5 TO 20 years" ~
Now iii very probable that the substance of this
memorial is correctly stated; hut far the statement
is made to give color to this DENIAL is calculated 10
give wrong impression as the facts will show. Mr.
Sharp drew up and about introducing BILL copy
ofwhch we have before us,) to extend the exis.
teuco OfIho solvent and spece paying banks under the
banklaw tor the term of ten years. Mr.: Williams,
''the agent the Trust Co., had conference with
Mr.. sharp-drew up the outline of an amendment and
in the observation of gentleman, handed it to
Sharp, while the House was in session.
This amendment is the same given in the preCe>
dug remarks OF the Slaesman.-Eds. Democrat. n
The subjoued letter of Mr. Sharp will show that this
brief statement is correct Reference is moreover
made to Messrs Hatch, Disney. Ayres and spalding
Let US bo perfectly understood We do not claim
perfection for the bank law Tn many respects it is sus.
ceptlhe Of amendment, and have no doubt will be
amended 500 secure the notehoder perfectly with
out tYd Gg pression or injustice to the tanker But
we'd bR1H tnat The public mind shall not be abused,
. and thGWtig parz'nS be allowed to cover up their
treason and the banks their isrms without
reference 70 the public interests. Mr. Sharps letter 10
as follows: .... .....f
"o-... Delaware, Sept 9, le42.
Dear SIR
Your letter of the Cd did not reach me un-
Il: the day bef6re yesterday. An engagement which
qulred immediate attention, prevented me from
ing It Immediately.
You wish me to communicate what know in relation
to the desire ofthe banks, or any portion of them to
accept charters under the General Banking Law thro'
the provisions Of the bill introduced by al the extra
session.
II had anticipated call of this nature previous 70
the session, think might have collected ample tes-
mony to satisfy any unpeudiced man. that number of
the banks were willing, rather than wind u? their
charters EXPIRED to continue in existence under the act
to regulate banking in Ohio. allude here to those in
slutious that believed to be solvent and whose
continuance. instead ofbeing reproach to the State and
upon the people, would probably be conysG-
fence: Among these, according to my recollection,
was the Bank of Mount Pleasant institution which
through all the nfations expansions, conacions and
Specuolions the currency has always preserved the
and honest tenor off way. That of the best
banks IN the Slateperhaps the very BEST in point Of
solvency and fair and honorable management-shoud
be the first to indicate willingness to conform to legal
regulations which looked much the interests Of the
people the profit of the bankers is an argument
that will connte every attempt ofho broker, the shaver.
the shnpaSer advocate and apoogst of rotten banks,
to make the people believe the general banking law 10
impracticabe. refer you TO Mr. Klhcart, the mem.
Der from Jefferson for further information this point
With regard TO what ransprod at the extra session,
twill Ipresume, only be necessary for me here to say
that in introducing hd bill to extend the charters of the
specie paying and solvent baDks Of the State was
prompted by desire to accommodate that portion ofthe
public who imagine The withdrawal Of the capital of
those banks whose charters expire in January. might
njurously affect the business Of the country Having
10 know tina! and believing that all these
Institutions, would finally be satisfied to under
the provisions Of the law reported the bill in good
faith. had reason to believe that every democratic
member, with the exception perhaps, OF one or two.
would vote for the bill and certainly had reason 10
doub: that number fhs whig members, ifet to their
own deliberate judgement and discretion. would also
give it their support Soon after the bill introduce
3D. manifestations favorable thereto the part ofsome
Of the banks discovered and among those par.
tcuary remember the Life Insurance and T:uS Com
pany. While the bill in the hands of the majority
Of the committee on banks Mr. Williams, president Of
tSt company visited Columbus and evinced to me, in
person. strong so!icitude TO have the company
which he presided included in the bill TO prove the
extent Of that sociuds s-he presented written out
line Of amendment TO the bill, which he deemed
csssay to enable his institution to avail itself ofthe pros
visions Of thelaw. That amendment, without any es.
senlial alteration, was incorporated in The bill by the
majority Of the bank committee; and 50 amended, the
bill was reported 10 the House by me, the morning
Of the 1lth August II would probably have been re-
ported day two sooner, but dsSrous that the
exciting question Of the discting Of the State should
hrst be disposed OIL confident That at period OF camS
MSS and dsberation, il would bs acted Upon without
regard to any thing but the public interest.
You may make what use you think proper Of this let
tet
With the best wishes for your welfare, both private
| and public, remain
..I Respectfully yours,
o. Jones, Esq. ~. .g .t.. ..,..a e-p.
As clncher to the above, we append the following
letter from Senator Robbins correcting off the
ny fasehoods contained Ia letter from Simeon Nash,
published in the Journala few days since. This Mr..
Nas be it recocCed, wns of the Directors ofthat
very honest representative of whig principles whig
honesty, and whig fnanciering, the GapOlis Bank at
the time ofits cxpOsiOhl the President oil which con-
cern is now in the penentary, suffering The penalty of
| the swinding operations ofhimsofand some Of his
| brother of1icers rf. &. .... ~. h,s
From the FSborough Gazette.
Mr. Ediiori-A fieudhas placed in my hand printed
letter from Senator Nash, OF Galla county, to whg
citizen ofAdams county, containing many assertions
at variance with all the facts in the case that feel Gals
Ii nks &.