The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-20
Newark, Ohio.
fCorrespondence Of the HERALD


NEWARK, OHIO, March Is, lS42.
Resumption of the Banks-1xe Appropriation Bill
Board Of Public Naturalization for Mayor, &c.
Major Dennis, Esq Literary Institute.
Our Legislature has finally adjourned, (March
~ after session, three weeks shorter than usual
The Resumption Bill passed BY il has proved Of
very great service /; for we begin now to have
some confidence in the banks which are left. All
Of them which were in an unsound condition have
either failed entirely, or assigned their effects,
and those which were really sound, now demon
strate ii 10 every body's satisfaction, by redeeming
their liabilities in gold and silver We may well
congratulate the people of Ohio that insolvent
banks are no lenger permitted to swindle them.
The Legislature passed an appropriation bill, in
which the Fund Commissioners are directed to
raise $500. 900 to pay the temporary liabilities Of
the State, due in New York and Ohio, by the sale
or State Stock at per cent, redsemable after the
year 1870, in New York. Also, 81, 3O0, 600 by the
sale Of stock at per cent, redeemable 10 Ohio at
the pleasure Of the State. The stock mast be sold
at par to raise the latter After the sale Of the
$500, 900, no more stock is to be sold redeenable
out of the State, the interest on which is pay
able out Of the State. half million of 81 800 200
is made receivable for Canal lands. The appro
priatisu bill directs the work on all the public
works of the State to be suspended except that on
the Wabash and Erie Canal, and also that the act
providing for the loan Of the cred Of the State,
and for subscriptions on the part Of the State
to canal railroad, and slackwater navigation COM
ranies be Suspended. The last mentioned provi-
sions are the best in the BILL and will do more to
restore the credit OF the state, and to withdraw it
from embarrassment than any thing else the Gene
raj Assembly could have done.
Tbs Board OF Public Works now consists Of bat
three members, 1.-TWO less than formerly Leander
Ransom, Rodophus Dickinson, and william Spen.
Ger, who will be able to take good care Of all the
works.
Nathaniel C. Read of Cincinnati, was elected a
Judge of the Supreme Conrt, to fill the vacancy
occssioned by the resignation of Judge Grimke.
Al the annual election for Mayor OF this city, the
question tsrned prncip ally upen shnpasters. His
Honor, George M. Young, who was in favor Of the
issue of npasters, was reelected BY majority
Of 50 votes and il is the third tiyae that gentle
| man has been elected to that station Major Dem
mis-, Esq was the anti shinplastsr candidate for
Recorder, and run exceedingly we'll Isdced, he
| has become popular man since the menion made
Of him in the Herald, and only regret that it was
not done few weeks sooner I; for in that case he
| would certainly have succeeded. As it was, he
was defeated by % votes, and has since been fully
eonsoled by his election to the vice-presidental
chair Of the Marshall Literary Institute, notable
association Of the wits and saUans Of Newark, the
weekly meetings Of which graccd by the pre-
sence Of the fair and beautiful, who there receive
| many high.fown compliments from vs., and
| others, for their smiles ofaPprobation."
L'OccipKHrE.