Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-01-25
From the Ohio Statesman.
OHIO LEGISLATURE.
January ID, Is42.

January ID, I942.
Much exciting debate has been going
on in both branches of legislature, for
the last two days, on the subject of Banks
and the currency.
RESUMPTION.
The Resumption Bill was up in The
Senate yesterday, but we believe no de.
cslve vote was taken. To-day il was
again up, and vote taken on Mr. Wades
amendments, which went for extending
the time presumption TO some time next
summer, which was lost, ii wings only
voting for it Yesterday, vote was ta-
ken, and carried, requiring a resumption
Immediately on the passage of the law
but we presume the time will be fixed on
a day, certain-say the lst Of March
Some few, we believe, are for The lst of
April. But 1t should be borne in mind
that the moment it was known that ths
people had dismissed their Nve.sow and.
pigs Representatives, and elected a ma.
ioritY of democrats TO the Legislature. that
the word RESUMPTION was as strong.
y stamped on the voice of the people, as
it can be through an act of the Legisla-
ture. The banks, therefore,, have had
from the elections in October, to prepare
for resumption. They could not have
been deceived in the result, for they were
in the fetd and at the polls, urging on
their whig friends to victory-shinplas
ters and no resumption ,as usuaI-but they
were defeated by the honest democracy
of the State, and the cry went forth on
every tongue-Resume or wind up!-
Hence, the banks cannot complain of a
want of timely notice.
GERMAN BANK OF WOOSTER.
Mr.. Wolcott's Bill for the repeal of the
charter Of this bank, and for the placing
of its effects in the hands OF Commission,
ers, was taken up in the House Yesterday
morning. 1t elected very general and
discusrive debate. We were not in the
House in the morning, but hear from 9TH
that Col Wolcott d sfended his bill with
much energy and success, much to the
qualification of friends, few of whom Ind
ever heard him speak, at any length, be-
fore. An animated discussion then fol.
lowed, in which Mr.. OIds, President of
the Crcleville bank, and Mr.. Byington,
from Pike. &c., bore the principal part.
During the discussion, Mr.. Byington pro.
duced a $40 post note, signed byAthe
Pickaway Representative, payable, "on
demand, twelve months after date" as an
offset to the many solemn pledges the said
bank president had made of his devotion
to a sound currency. (These post notes
are twelve per cent. discount at the bro.
kers office, in this city,
Mr.. Jenkins got the floor aflerMr Cham
bers had made some remarks, but gave
way for motion to take recess.
When the House convened after din
ner, MIR. Jenkins resumed his remarks,
and being present during the afternoon
debate we can speak from ourown knowl-
edge. Mr.. Jenkins proceeded to show
from the Journals of the House, at the
last session, that the wings we're not on
ly the bank party, but opposed by theiI
votes, the most wholesome bank reform
provisions proposed to be made by the
democrats. TO Nye's-SOw-and.Pigs, He
showed, that they were not only the bank
party, but boosted of it. He showed, that
Mr. Nye, deserted his seat, and would
not vote on The final passage ofthe bill,
because it was not strong enough bank
for him, and that Mr.. Marsh, from Jeffsr-
son who had helped nurse the bant'Ing
{ through all its troubles, voted with the
Democrats against the same bill, for the
same reason that Mr.. Nye ran away itom
his seat. Nj. jenkins said he saw'bu'
few ofthe faces returned, on this hoor,who
occupied the seats a year ago.
The people had passed upon thei
bank reform acts, and that judgment re
, suited in change ia the politics Of thl
House.
Mr.. Olds then rose TO explain, and pu
himself right in answer TO Mr.. Byington
who had, before recess, presented tn
) House with bis post note; and the explain