Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1843-02-17

treasury JhDuaIy ko' A0O'"u'EJ ~
1910.
BANK REFORM IN THE SENATE,
The bill to amend the "acl 10 regulate
. Banking in Ohio" introduced by Mr..
Barley. and for severaI daye Past Ehe
principal subject Of discussion IN the
Senate, was last evening brought 10
fina vote on its passage. 1t had been
successfully Tin Paaaed the night be
fore, and though some OF the members
approached the crisis with fear and
trembling, they we're borue safely over,
only Messrs. Latham and Robbins hav.
ing the hsrdihooe 10 vote against the
: measure. The bill goes 10 the House
without any material alterations from
the form ia which it was reported. The
time when its provsnns.are 10 take of.
feet upon the five existing Banks, has
been pos Iponed from September, l843
TO March, l844 The section to incor
porale a Bank at Warren, TrumbuII
county, was stricken out, but motion
last evening TO strike out the section 10
incorporate Messrs. Parsons, Swan and
'Goodale, Of this city, although made at
the express request Of those gentlemen,
was negatived. This paovslon Of the
biIlis a novel feature in Bank Reform"
We lbeieVe il is the fret example in The
history OF the country, where a LegisIa
lure has undertaken 10 incorporate indi
Riduala for BSnking purposes, not only
wi,hoHt any application on their part,
but against their consent; or where
charters have been created, and the
Governor been requIred to issue his proc
4 lamail0n for the discovery OF persons
to organizo Banks under them. The
Legislature have but one step further 10
} 90, as was suggested by Mr. Henderson,
in few remarks last evening; and that
4 ia 10 make it penal offence tor The per.
sons incorporated not 10 give effect 10
ilsactiOn4 by VesIng their cop,a in &C
-cordance with the provisions Of the act
J compelling them 10 bank nOlenS vOtens
Then when the Loco Focos coubd fnd a
Wing who had not been ruined by their
policy, but had little money left. they
could give the chase, bring him up TO
the "bull ning," clap cbarteF as ahey
would hand cuffs and lelIers on The wrists
and ancIes OF q thief and bid him issue
J his "rags" and clamp black" or 60 10
. the Penitenlisry-just as he pleased =
, This would realize the very ne plus ultra
OF "Bank Reform" We would defy even
the "party Of progress to carry their
doctrines 10 @ subImer height.
There is another singular feature in
, this scheme oI fnesse and humbuggery.
I Gan. Jackson and Seastor Tappsn have
both pronounced the creation of Banks
unconstitutional, and their opinions on
this subject appear TO receive the cordial
appreciation Of the party leaders. YET,
t in the teeth OF these known opinions,
and Of their adoption by the Statesman
and its instruments in the Legislature,
the party are hothy engaged in passing
bills ostensibly to incorporate Banks and
create paper currency. Either Gen
Jackson and Senator TappaO ere wrong,
and their opinions merit nothing but
contempt, or Mr.. Bartly and his friends
are acting in violation offheir oaths and
duty. Gen, Jackson's opinions have
been promulgated on satin, and the
Statesman has not informed us that they
are inconsistent with The latest discover
les and improvement Of the party faith.
We should Ike to know hew such an
opposite and Inconsistent course is 10 be
recOnoiled and juisitfed.
A curious conjunction was witnessed
in the proceedings which have ended in
the passage Of this bill through the Sen,
ate. Mr. Barley repeated his hard mo.
.ney speech, in which, as on previous oc
,caslons, he most triumphanty demon
straled The unmlligated evils which flow
from Banks and paper currency. and
painted the blessings aud benefits which
could not fail 10 result from the adoption
OF The system Of Holland, France and
Cuba. With theseVieWs he urged the
passage of tho till. Mr.. LOhm. on the
other SIDE, mOdo an earnest appeal tt
the Senate torepuIiate bank destruction
argued and cited jsdicial opinions and
decisions 10 show that Gen. Jackson anC
,, TappOn were enlirely in the wrong il
GeOouucing the banking system as un'
constitutional, secuted the ioty of look
: ing 10 Cuba and other foreign nation
for examples for our legislation; an'
then called upon tho Senate to go viii
: him aud Mr. BARLEY for lhe bill! Il
. their speeches they were as far asunde
: as the poles; butin their votes they stoO,
shoulder TO shoulder. Verify, 10 40
f. bank reform q pu2zIeH
" " But the end is in view. The idea tha
Y this Legislature intends 10 grant III
!" slightest relief 10 the people, is too traT
p - scendenlaIIy ridiculous 10 need (urthe
10 exposure We are steadily, as if by
~ secret power, drawn nearer and neare