The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-02-02

Correspondence oftAe HERALD

NEwARK, Jan. %, 1872.
Doings u, fhe Ohio LegisLiurs-B Bunk Charters Rtpu
diated-Affsmpis at Bank Rcfo'm-Saie Of the Ca
nal La,ds-Progyess Of temperance in NeWark-
The Licking County Bank.
/ have just returned from visit 10 the capital Of
The Buckeye State, where / had an opportunity of
learning the progress that the Legislative wisdom Of
Ohio is making 10 bank reform, and in the other i'm
oertant matters submitted TO its consideration. -
The Legislature has passed an act 10 repeal the
charter Of The German Bank Of Wooster, one Of the
broken banks of this State, and committee is
instructed TO bring in bill TO repeal the charters of
the Tanks Of Manhattan. Cincinnati, Gsllipos,
West Union, Lebanon Mama Banking Company,
Miami Exporting Company, and the Circleville
Bank chartered in 1918 ! had supposed that two
Of these fraudulent Institutions, the Cincinnati and
Miami Exporting Company banks had been pretty
thoroughly wound up by the new bank reonners of
Cincinnati for theirs not such dilatory pro-
GEES as the law loves but of the most summary
and effective kind. nfa
The House of Representatives has passed billro
allow set-of sgain.t debts due to banks or assign
ed by ihem Of the notes OF the bank to which such
debts were originally due. This bill will without
doubt become law, and will prevent great cal Of
fraud A billhas, also, passed the other branch Of
the Legislature, TO enforce the resumption OF specie
payments, and is now under consideration in the
House. Il fixes on the 4,h Of March the day for
the banks TO resume but very few men Of intelli-
gence suppose there will be any resumption, except
by five or six banks, which have little circula-
ton, as the banks Of Norwak, Muskingum Geau.
ga, Dayton, and two or three others. They believe
that most of the banks will be forced into liquida-
lion by this BILL and that most likely the banks will
assign their effects under the present law, before
the 4th al March arrives. A bill TO establish kind
Of general banking law has been introduced into the
senate. Ii is surrounded BY many guards and res
trictlons.
The House Of Representatives, in view of the
great difficulty OF raising money to carry on the
public works, has passed bill to authorize the sale
Of the canal lands belonging to The State. II sup
posed by some that nearly 81 900 could be real
lied from them, if they meet with a sale at fair
prices The great scarcity OF money must, howe
The temperance cause is making most rapid pre-
gress in Newark. Meetings are held at least week
ly and frequently o,ener and missionaries are des-
patched to carry forward the great work. About
nor the Mayer occupies the presidential chair OF the
principal society. The greatest fault have to fad
with our professors OF temperance Is, that they not
unfre qnently think temperance mere local matter.
and OF course soon as they get beyond the limits
Of the town or county, return to their old tipping
habits.
There is to be a great temperance jubilee on the
18th Of February, which will he blessed by an album
dant supply OF cold water, and enivened by the
presence Of all the beauty Of most beautiful CT
ty. Two or three Generals are TO act as Grand
Marshals on the occasion.
The bankmania is not yet over in this part Of the
country for the inhabitants OF town, about ten miles
from this city have petit ened the Legislature to In
corporate a bank in their town, to be called the
" Lickin County Bank - They are willing to take
charter with an individual liability clause in il,
There Is no chance for them. ~
lGT ~ L'OccIpExrE.