The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1842-01-20

QUO LEGISLATURE.
Much exciting debate has been going on IN both
branches OF the Legislature for the last two days on
tho subject of Banks and the currency.
RESUMPTION,
The Resumption bill was up in the Senate Yesterday
but we believe no decisive vote was taken~ To-day il
was up again, aud vote taken on Mr. Wa,le's anignd
meats which went for extending the time of restmp>
uon 10 some lime next summer, which was lost II
wings only voting for it, Yesterday. vote was tokan
and cdrred requiring resumption Immediately on the
passage OF the law, but we presume the lime will be
fixed on day, certain say the lst of March, Soma
few we believe are for the lst Of April But it shonId
be borne in mind, thatthc moment 1t was known that
the people had dismissed their Nye.sowan rigs Rep>
rcsenatlves, and elected ma iory of democrats TO the
Legislature, that the word RESUMPTION was as
strongly stamped on the voice ofthe people, as it can
be through an act ofhe Legislature. The banks there
fore have had from the elections in October TO prepnre
for resumption. They could not have been deceived
In the result tor they were in the field and at the polls
urging on their whg friends to victory -shinpasteTs
and 40 resumption, as usull-but they were defeated
by The honest democracy o the Sate and the cry went
forth on every tOngue-Resume or wind up! Hence
the banks cannot complain Of want of timely notice.
GERMAN BANK OF WOOSTER.
Mr. Wo'cohs bill for The repeal oftho charter Of this
bank and for the placing of It's effects in the hands of
commissioners, was taken up in the House yesterday.
1t elected avery general and discursivc debate. We
were not in the House in the morning. but hear from
others that Col Wolcott defended the bill with mnch
energy aud success, much to the qualification of friends
few of whom had ever heard him speak, at any ength
before. An animated discussion then followed in
which Mr. Olds, President ofthe Circeyie bank, and
Mr. Byington, from Pike &c. bore the principal part
During the discussion Mr. Byington produced $40
post noe, signed by the Pickaway Representative paw
able ION demand twelve months aNeI date as an off.
set TO the many solemn pledges the said bank President
had made ofhi devotion to sound currency TThese
notes twaIVp nnr rnn discount Drol
office, in this city
MIR Jenkins got the floor aer Mr. Chambers had made
some remarks, but gave way for motion to take re-
When the House convened after dinner, Mr. Jenkins
resumed his remarks and being present during the a-
ternoon debate, wa can speak from onr own knOwl.
edge. Mr. Jcukins proceeded TO show from the Jour-
mails of the House, at the last session. that the whigs
were not only Ihe bank party, but opposed by thor
votes the most wholesome 5ank reform provisions pro.
posed to DC made by the democrats, to Nyes Sow and
Figs. lie showed that they were not only the bank
party but boasted oft. lie showed that Mr. Nye de-
serted his seat and would not vote on the final pas-
sage OF the h because il was not strong enough bank
for him, and that Mr. Marsh, from Jefferson who had
helped nurse the banllins through all its troubles vo-
led with the democrats against tho same bill, ior the
same reason that MIR Nye run away from his seat. Mr.
jenkins said he but few of the faces returned on
this floor, who occupied the seats q year ago. The
people had assed upon THEIR bank reform acts, and
that Judgment resulted in changein the politics of the
House.
Dir OldS then rose to expoin, and put himself right
IN answer 10 MIR Byngton, who had before recess
presented the House with his post nule and the ex
PLANTATION Just what we have heard for the last vo
years, as aneXcuse for suspensions &c.-the public
Soodl Mr. o. told us long story about who got up the
new Bank ofCircleville, and who owned stock in it,
and VINO borrowed money out Of il &c. We were
well pleased 10 this exhibition of bank Secrets-et
the truth coma ont: are nnunSnd IN Ianl dayLnas,
all we wants. more light When bankers get to tel
ling on one another, we shall have the whole truth!
And sinking mess it will be. MIR Olds also spoke of
the great solemhitY he felt when he took his seat upon
that floor and took the oath ofofce. lie said he nevo.
eIt under greater solemnItes or felt oIe strongly The
weight of his duties, and he was ready 10 vote for the
bill heiore the House, provided he could get il amen
ded TO suit him.
Mr.. Hyngton again rose and followed in a most sar-
castle and biting rebuke 20 the gentleman from Pckaway
and President of the Clrcleve Post Note Bank lie
travelled over much ground showing the effects ofa
deprecated post note currency and gave instance of
heavy shave that poor laborng men, ofwhch he was
cognzent, had 10 submit to- who were paid in Circles
vile post notes, and who wished enter land with it.
at the Chilllcoths Land Office. Mr. D. also alluded to
tho great Solemnltes orihe IN ofthe gentleman from
Pickaway had taken. and the deep feeling that came oy.
er him at the time, and then produced IS Post Note,
signed by the said Mr. Ods President ofthe Bank &C.,
on the llth day of December, lSll, payable on de-
mand one year after date which was five DAYS after
he had takon lis seat that floor, and had sworn to
obey the constitution aud laws ofhe State On the 9Th
day of December, he had taken this solemn oath, which
had SO deeply Affected him, and the llh day of tho
same month, ave days after he had taken the oath, and
had been sworn member oftlat body, he was found
putting forth upon the people oflhe State such bastard
illegal, spurious currency! lie did not doubt after that
the deep solsmnties Ofiaking tIe oath he hadl The
feeling produced Throughout the Hail. was intense The
wings looked unutterabe things, and felt as unulterablo
as they looked
The debate was continued until dark. the federasts
striving in all possible ways an amendments to escape
direct vote on
THE DOCTRINE OF REPEAL.
But this great doclrue Of the democracy of the State
had to be vlndicated. This unConstilutena agrarian
doctrne-docns that rendered tho titles TO farms mug.
atory &G. &c. at last bound 10 he sealed as tie
true faih oven by the votes ofOur opponents On the
question ofengrossment, fourteen yeus-mark the rums
ber fourteen-whgs alone could be found with nerve
enough 10 continue in the path oferor aud shallow SOP
hlslry. Tho great The glorious doctrine uf REPEAL,
after years of hard fought battles, was declared to he The
doctrine of Ohio by vote of 81 to l4 So goes tho
repeal doctrinel
On the final passage oflhe Bill this morning, few
more wings got to against the repeal dostrtnu,
raising The number to 10, all toldl Old Eagle Eye