Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1843-01-13
REMARKS OF
MIR. I~'rObasCO,

IN the House oil Representatives. De,
C ember 27, 1912, on his motion to sus.
pend tie rules 10 enable him to intro,
duce tho GollowingabllI:
A bill 10 extend the charters of certain
specie paying banks in Ohio.
Sec. !. Be it enacted by the General
Assembly Of The State Of Ohio, That all
acts end parts Of acts incorporating any
banking institution now doing business
within this State, the charters Of which
will expire on The first day of January,
one thousand eight hundred and forty
three, be and they are hereby extended
and continued 10 full force and effect for
the term oftwclve months from said LIST
day Of January, eighteen hundred and
forty three; provided said banking in
slitutions shall now and continue tore
deem all their notes, bills, or other evil
dences Of debt, with gold and silver coin
on presentation; and further provided,
if any bank, whose charter is hereby
extended, ehall, at any time, suspend
specie payments, its corporate priVile.
geS shall cease,
Sec 2 All actions and suits, whether
against or in favor OF such banking instl
%tutions, shall be prosecuted IN the same
manner as though their charters had not
expired; and all actions and suits pend
ing at the time Of the expiration of their
charters, whether for or agains; such
corporation, shall not abate. but be pros.
eculed, and all judgment liens in favor
or against said banking corporations, are
hereby declared TO be- continued and re-.
main in full force and effect in the seme
manner as though said charters had not
expired.
Mr.. Speaker: | have moved a sus-
penslon OF The rules OF the House, to en-
able me to present to tho consldcr ration
of members, a bill for the continuance
OF the specie paying banks of this Slate,
and appeal 10 gentleman Of both par
ties to make some efforts to relieve, in
some degree the public distress. There
fore submit tho bill to you, and invite a
considerale attention of It's provisions,
believing that it will accomplish its oh
ject.
On this morning the bill proposed by
the committee on the currency, as amen
dcd by the House, was lost. folt con-
strained lO'Vote against il; and | hope to
show by n comparison of its provisions
Of the bill | offer, that it should not have
passed this House. | cannot consent,
under any emergency to vote for a bill
which isa nullily, however much ne
CO ssity may DO urged by It's friends, II
we legisIate, let it be efficiently. If we
propose the public good, let US accom-
pIish tidy wise and prudent measures,
not by such as we have this morning do
Gealed.
The object sought to be attained by
1.-THE friends Of the defeated bill is simply
This. To recharler the specie paying
banks for ak months; tina, The banking
capital Of the State might be preserved
in an organized form; that such banks
may become part Of a new syslem Of
banking M be sdoplcd this winter. 10
accomplish this object a bill must be pas
sed before tho let day Of January, be-
cause on that day their charters expire.
The object is laudable, and |. as al in
diVlduaI, will most cheertully concur IA
any practicable mode by which II can be
accomplished, But, sig, tho bill insIesG