Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1843-01-06
HOUSE OF REPRESENTATIVES,.

"OhihtlNNSS Oh wv OholIlut
HOUSE OF REPRESENTATIVES,.
Mr.. Pfobasco moved to suspend the
rules, for the purpose Of introducing a
bill TO extend the charters Of the specie
paying banks Of the State. He thought
that inasmuch as the bill which had
been before the House for some days
past had failed, he was induced to ofer
a new measure, with the desire that il
might be Instrumental IN carrying out
the wishes Of those who had been com
PEELED 10 vote against The former BILL
That bill was a mere dead letter and
would not, il passed, accomplish any one
thing for which it was designed. The
amendment incorporating the principle
Of individual liability, for the purpose OF
preserving a party principle, etTecluaIIy
defeated the object Of The bill. llwouId
have been impossible for intelligence of
lis passage 10 reach any remote bank
whOse charter was soon TO expire, and
therefore its stockhoIders aud directors
would have no opportunity before The
expiration, to decide on accepting its
provisions. The amendment which had
been eDgra(ted on The blIIin the Senate,
excluding, under a certain condition, the
bank Of SteubenVllle from awaiting it's
ell oGlhe benefits Of lhe act, was another
objection 10 it. Unless q certain con
slructIon was placed by the courts on
The law OF last winter, il would be option
al with The banks under the bill which
had beon rejected, whether they would
pay their debts or not.
IMr,P read for The Information Of the
House, the bill which he intended TO 10.
troduce, which provides TO extend the
charters OF the present specie'payiOg
banks Twelve moDlhs.1
Mr.. P, said that this bill obvlaied tho
objections which existed against The for.
mer oae, and by giving an extension Of
Twelve months, would enectuaIly pro
vide Tor any contingency which might
arise, by the failure Of the present Gen
eroI Assembly to adopla system OF bank
ing the present session, The bill which
had been rejected, prohibited the banks
from doing but one kind Of business, but
no was IN favor Of allowing them TO
transact the same business as formerly,
0aving the commissions OF frauds upon
the public.
Mr.. ODDS hoped The rules would not
be suspended, lie was opposed to the
introduction of any such bill as the one
proposed by the gentleman from War
rem, which would give ell power into
the possession Of the banks. lie was
favor Of the establishment of a sys.
TEN Of banking, with such restrictions
as the people wished Tor and required.
But he found he was in a minority here.
A new association had beeh formed
between the Wings and barn burners!
The gentleman from Pike had frequently
charged him with forming new associa,
ties, but the reverse was the case; the
gentleman from Pike and from Knox,
had associated themselves with the
Whigs-an association as strange as a
union Of light and darkness. The ex
tension Of n year had been proposed
10 the bill to enable the Wings TO ma
lure and devise some plan that could be-
made a question Of agitation at the next
election, and aid them in getting power
into their hands.
Mr. By,ngton said, this looked kind Of
natural. There was no difference be.
tween him and the gentleman Plckaway e,
only that he (Mr, B } had discovered the
designs ofthe common enemy about 4S
hours the soonest. He, together with
others Of the Democracy, had voted a
gainst the bill. for the purpose OF defeat.
ing il; not so with those on the other
aide of the House however. They had
voted with a different view, which is
now reveelrd. Ito hoped to see the
good old landmarks Of republican rules
adhered to hereafter; and CONCLUDED by
calling the yeas and hays oC susPeOdlOg
the rules.
Mr., Probasco asked what real objec