Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1842-12-30

session Of power, and now, when obtain
ed,it was to be used for prolonging the
existence of the Banks. What would
the honest mechanic and laboring man
who had been plundered by them say,
il told that toe great Democratic victo.
ry obtained last tall was to end in such
a result? Mr., NJ. could see nothing ex.
traordlnary in the aIlusion 10 the address
put forth in August last. He believed
that bad ii not been Cor the designations
a law extending charters would have
been passed, but not with the aid oil his
vote, however; and he would thank his
God If no worse measures got through
the Legislature than that would have
been. A bad cold prevented him from
! giving oil the reasons he wished TO urge
in favor OF the resolution, and he had
reduced some Of them 10 writing, which
he would ask the Clerk 10 read for the
information ofthe House. The Clerk
read something like the following:
"RedI Estate Pledged.
zone day after date pay to Thomas
Huston, or order, Fifty Cents.
E B. OLDS.
CircleviIIo, Sept, Ia, 1887.
$50 -
Mr.. Odds said If the resolution propo
sed to suppress shinpIasters, he hoped
it would prevail, but he had understood
it differently. He was no less anxious
10 protect the frauds of these institutions
than was the gentleman from Knox,
He did not come here 10 protect The IN
terests Of the banks, but his constituents,
Would me resolution have The effect Of
protecting the interests OF The people, or
would it strike al home a deadly blow2
Suppose those OF the banks whose char
ters expire on the LIST Of January, should
be compelled at that time to 60 into Ii
quotation, would not q call be made on
all their creditors 10 make immediate
payment, and would they not be compel
led to do it as the gentleman from Pike
would say, "wilhoul the Intervention Of
Judicial proceediOgs?' The consequen
ces Of such a.slep must be apparent 10
all, Many millions Of Bank stock are
owned oul Of the State, and foreign cap
ilal;sts would be anxious 10 withdraw it.
and their doing 90 would affect the peck
cts Of the constituents Of every gentle
man on that floor. A proposition was
now before the House 10 extend the
time OF payment to purchasers of school
lands, and salt lands, and could we not
with as much propriety extend the same
reliefto the creditors Of Banks?
In 1887 he (Mr. o. was as good q
Wing as there was in that House, (al-
though he might not have absqualulatHd)
and had issued shiDpIasters, but he had
since given in his adhesion tic the Dem
ocfalic party and was he for that act to
be arraigned Tor judgment now? What
reason was it IN favor ofthis resoluli0n2
How did ii affect the present question:
The people had called long and loud for
the extension Of tho charters oftho banks
and this had boon promised them by the
gentleman from Knox, in the address
put forth by him in August last, but now
he says he will have nothing 10 do with
them. Could it be that he was sincere
iD subscribing 10 the sentiments Of that
address, or was he doing so for the pur.
pose Of making a little political capital
for his partyi There was about as
much consistency in his arguments as
in the reasons he had SEM 10 be read by
the Clefk
Mr.. Atkinson briefly opposed The mo.
ton 10 recommit, when it was Iost- "a
to 81.
Mr.. M'Farland moved an adjournment
lost.
Mr.. Byington moved to amend the
resolution by striking out all alter the
word Resolved" and inserting "that
The Judiciary committee be instructed to
a bill providing for a graduated
stay Of executions upon all judgments
have been or may be rendered in
Of any bank whose charter shall
on the FIRST of January, l843, or
in favor Of the nssignees OF such bank :"
Mr., Okoy moved tho indefinite post.
ponement Of the resolution and pending
amendment, which was lost-33 10 So
The House then adjourned.
HOUSE OF REPRESENTATIVES,.
FRIDAY, December 20.