Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1842-02-26
CIRCULAR.
CONVENTION OF OHIO BANKS.


CONVENTION or ONO BANKS.
Al a convention Of the Btnks Of Ohio. held a
Columbus. February I7ih. A d. 1912. pursuant ia
notice, the following delegates appclrrd, viz.
Ohio Life Ins. a Trust &C NJ William,
Commercial Bank Gin James Hall.
Frarkhn ESIIaiue,
Lafayette re Mitchell
Bank Of Dayton james Perrin.
Bank OF AenIa + + Drake,
Commercial Bank Of Scioto 8 NJ Tracy
Bank Of Circloville James OIds.
" Z1ueSville. { Gilbert-
" Mu-kingum SSlurges
" S, ClairsvIlle w Hubb,rI
Far q Mech Bk SIouben,il lille James wilsnn,
~Columbiana Bk n Lisbon b w SnodgraN.
Bank Of Massillon c Skinner
" sandusky, nss,h' anu
/" Norwalk T Baker
" Wooster is Lake
Alarstia Augustus Stone.
Clinton Bank OF Columbus DIV Deshler.
On "a mon, VI T. w liJIn'. FL. a. I,pintsI
President and b Higgins and T.. r. Drake Secreta.
ries.
Resolved, That for tho purp1so OF resuminy sps.
cIe p1ymentsa nd maintaining il. the Bank parties
10 tins convention, will pay gold and silver fr4m
and after the 4th day of March next, in accordance
wlth the regulations Of the Legislature Of The State
Of Ohio.
ANfA'tNt4F luaA lne aforesaid Banks, VIII rprpTyo
en- payment oidsbts. the notes Of such of The Ohio
Banks as shall resume in accordance with the of,rs
said resolution.
RssoiUea. That in the opinion Of the Convention
a wholesome currency can be maintained only by
nnion, concerted action and goud faith between the
Banks OF OHIO, which sustain th0ir credit by reCei-
wing and frequently returning for redemption
each others notes. each bank paying out its own
notes. and by avoiding all sudden and radical chan.
ges. and that we earnestly recommend the adoption
81 these principles 10 the Banks that are represent
ed here.
ResdUet. That com nilteo Of Inspection. Of five
oihcersor directors Of banks shall be elected by tho
I nventlnn, who shall have the right and whose
d4Iy u shall be 10 receive monthly REPORTS OF ali
The Banks u shall DO their duly to eIamine the
aHirs Of any B-nk being n party to this ogreemen
al lhe requestuf any tao b inks, and require Of such.
bank 10 reduce us Liabilities Or increase ia. active
resources according t, the discretion Of said Com
mifee.
ResaiUef. Tint Ji'eph Old, Of CirrIeSiIIe. Saml
FosdiCk, VIZ Hooper Of Cincinnati, w n IIu hbard
OF Columbus and 3 Higgins Of Slndusky composs
tho aforesaid committee.
Re7kCed, That Immediately lfer the 4fh day al
March next. said committee shall devise a plan fJT
exchanges Of noles and settlement of balances, slit.
ed TO a system Of specie payments, which shall be
submitted 10 the Banks, and if approved by Nv,
thirds Of hem shall be considered btnj,np on IN,
whole. which system shall be based up,u the prln.
ciPlo' That each Bunk shall return he notes OF all
The other Btnks. IN a ceufrtl point Tor exchange
periodically. and pay ont Only its own noles Pro-
vid0d that such specie paying banks as arc about 10
close heir business, and whose charters EXPIRE in
lS4J. and Tor that reason nre unwilling 10 rssuo
ihei, ova notes. my Pay ont Inc noiss Of other
banks. tho said banks hereby agreeing to pay on,
such notes unfortunately md in good faith.
Resotued. That The expenses ef said coamiuo DO
pad by the Btnks. rs shall be directed at the nsxl
meeting effbis Convention.
ResfUed. That the Banks represented here VIII
rect semi annually IN CONVENTION on mo FIRST Wed.
nesday 0fJuly and January
Oh motion the Conv 0nton adjourned.
MT WILLIAMS, PsesiSenL
Is HfGotVs.
l. ! DE4EE. ~