Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1843-02-03

Our readers must be content this
week with a very meagre extract Of LIE,
gislatlve proceedings. We have looked
an vain into the reports Of the Journal,
for tho last week, for something that
might be read with interest. It is still
true, hat "Ihe Legislature is doing no..
rlhiag," 'or, at most, nothing that prom.
ises much Io'the people. TOn the even
ing Of the 26lhrBIt.tthe following pro
,ceedings were had on Or. Oid's Bank
bill:
The House then wentTiatoaccmmillee
o. The whole, and resumed the consider
alton Of the bill TO Regulate Banking
In Ohio the question being on agreeing
10 on amendment offered by Mr. Hum
phreyS to the 24lh section, providing
that in case the State Treasurer shall
mot redeem, rsG is provided in said sec.
lion, the notes ol any Bank incorporat,
Ned under this law -Within six months az
ter the failure thereof, then the stock
holders Of such bank shall be held In =
dividually liable for all The debLs ol The
same.
Mr. Olds took the floor, and addressed
the committee Set great length in oppc
sition 10 the amendment, and in favor
of the bill in its present "ehapo. sHe
urged the necessity Of laying aside par
~ prejudices, and meeting the wishes
OF the people 6y uniting upon some
measure that would coHclliale party
differences, and permanently settle This
vexed currency question. lie thought
the present bill contained safeguards
and restrictions, amply sufficient 10 SO
cure the public from losses, and at the
same time furnished Inducements to cap.
itOIists 10 make investments under it. -
II obvIAted the objections against the
bill Of last winter, was better adapted to
tho present condition Of the Stale, would
invite tho investmeD; Of foreign capital,
and reIain what was already invested
here, aud could be supported without
surrenderng any great Democratic
principle. He was opposed to carrying
the principle Of individual liability anv
farther than wasalready provided in
the bill aud would rarher abandon it,
than by the adoption OF the amendment,
destroy lie efficiency and render il in.
operative.
Mr. Humphreys briefly supported the
amendment, on Inc ground that the prin
ciple OF individual liability had been
sanctioned by the people, aud could not
'be compromised, when lhe question was
taken, aud ii was rejected by The com
nlllee
Mr Spndler then moved To amend by
adding at the close Of tho "a h section
tho following; provided that the stock
holders shall be held liable in their in.
'd,vldual capacity for the debis OF such
Banks which was agreed to.
Mr. Gof6on moved further TO amend
by adding, that any member who shall
take up the time of the House 10 discuss
iOg this bill, shall be held individually
liable for the expense to the State, and
his wages be reduced accordingly A.
,IrCed TO-
The committee then rose, and report.
ed the bill back to the House, when
Mr. Meredith muved TO refer il, with
The pending Amendments, to the com
millee on Banks aud tho Currency.
Mf fLarwlI moved the iadehnle.posl
tponemanl oI the bill aud amendments,
which was lost by the following vote:
IEAa-M Messrs. Baldwin, Bynglon,
'CahIIl, CampbnII, Henderson, Larwll,
Martin Of e., Martin Of s. Mcconnell,
tMcNully, Reid, Spindler, Slevdman,
Warner aud Wll(ord -- Is.
NAYS - Messrs Ackley. Atkinson,
lard, Brsh, Bowen, Brown, Chcno.
welh. Chambers, Clark, Converse. Cur
IS, Counts, Dixie, Eisher, Fuller, Gal
! CHER, Gordon, Green, Gruber. House
mAo, Humphreys, James, Johnson, Kel.
I.y Of g., Kelley Of P King. Lat.h,
Morednb, Mddgelt, McClune, Mcclure,
N"Fattnd, 0key, Olds, Pardco, Pro-
La,eO, Rees, Robinson, Sewerd, Schenck
Sharp, Smith, TUule, Webb, Wood
Or dqe, and Spesker--S7.
The bill EAS Ihen SsfsETed to Tho