The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-01-01

-. COLUMBUS, o., Dec. 20, 1871.
'1". H:'.iidtion-Ths GrdnriUe Bank in Dangtr-
1"e nea ''sr Bank of 81. Clair Repudiasel- III
son Shannon ,yenf;on.
JAMES @. BENNETT, Ess
DEAR SIR
In my letter 70 you Of the PM. 1,a;o,.a :,
speaking of the resolution repudis..e. -.
ton," which passed the Ohio House Of K. ,r..A
tves the other day, that the result of the vote w,
be very different were the question again proposed.
was not aware, at that time, that my words woud
so soon be verified for scarcely was my letter on
its way TO New York, than Mr. lie Grand Byineton.
the would-be locooco leader in the House, proposed
set of resolutions in which he denounced I'LL
frauds which might have been committed in making
loans, alluded to the loans from the franklin Bank Of
this city, and from the Bank Of Chicothe. az being
ia this class and concluded by resolving 10 reprdi.
ate all such transactions. When the vote was ts.
ken, was proved true prophet for instead Of H.
a esrooras guard" Of six who voted against the ar
frepud'afion resolution % were found in favor of
Mr. Bying'ons, 10 ~ against it. Ev-rv one as IN.
y was a ocetoco; two locos were s.. ~sF
voted with the IL, IN which were .,l.sl
wings Had the two absentees bee XIII,
six additional votes would have give
favor of repudiating all the debts
that majority might choose to pronounce fraudulen,
-eysn IN the Ohio House of Representatives -
And in the Senate, yeu know, Mr. Editor. The and
reputation resolution was referred to a committee
which, il s universally believed will yer reoo,, !,
back, by an actual msjorty of two veriiv tbe
doctrine Of repudlafon ~ destined 10 be widelr
spread. and no doubt, will be resorled 10 as man,
cra to Inc evils OF an overwhelming debt by mar.
y ell of the western and sou,hwesiein States
There 10 case now pending in the Supreme
Court IN bank, sitting IN this city, which may rs
snlt in putting down of the banking institutions
at this State, which has mo more authority TO bank
than have. IL Is an information ia the iture Of .
quo warranto vs. the Granville Arxandrian Socie
", company incorporated many years ago UsJ7l
~ mere library company, which took il into il.
head IN 1915 10 bank and because the charter said
nothing about banking, TO asssrt that that oharer
YVES perpetual and wlthnu; restriction. Al the IRE
sent day the Bank itself does pretend it has any
SIT To bank under s charter but vet SO sopient
Court. >,wiseacree on the bench Of the Supreme
hlosder inn, iher. IL no telling whether they vii!
sued Tom eS,esu sc decision Or moi The csls-
,fr the bank ne f'ssury, il the principal couusei
observed 10 one of Won,
pondens mentors The nsns,e pp.pers iha. cores
endorscd by NJ T wiliams- n Nv Ka,sn noIes,
There IL another bank in Michss tsI.rrspey Of Ohio
large proportion Of the circuaiinI. a u,ral-hes
mean The Bank OF St. Clair, the no,es of srssvn
endorsed ny al Q and II Smith, OF Neusrfe a are
i n sac' own me bank The people Of that pae
very numerous meefineeto have not,,ioy furis, Z.
% with II The Grand Jury AZ lais term Of The
Court o. Common Pleas in that town, indicted The
Mayer and Recorder for issuing shinpIas,ers. for
WIZ ensy VIZ pe tired IN the spring. The coun
sel for Geo. N Young, the Mayor, cndesvored, as
the JIusrious Bddle hiss since. 70 Oct ia I'D,
mont 1uashed, bat wibou, success. '"''e'-
The Leeofocoe have AZ eagh. Ise seish Madam