The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-16
Newark. Ohio.
Correspondence OF the Herald.1

Correspondence OF the Herald.J
NEWARK, ONO, Jun 10, lS43.
Thirteen Banks defunct in Oh,o-Fipe Others subject
to Legislative TVu-Sepsrity aud Fun in the Legis-
iotwe-.Appointment by Governor Shannon, &c.
The charters of thirteen of the banks of Ohio ex-
pred on the LIST day Of January, the efforts of DIR.
Odds and other members OF the democratic majority
in the House of Representatives having failed to
procure their extension for the short period of
six months-a failure produced by the superior tact
and skill of Messrs Byington and M'Nulty, at the
head of Corporal's Guard" of ten Whereabouts.
The names of the thirteen defunct banks are The
franklin Bank Of Cincinnati, Dayton Bank, Com.
mercial Bank of Scioto. Bank of Marietta, Bank of
Muskingum, Bank of GAINESVILLE, Belmont Bank OF
ST. Clairsyle, Farmers and Mechanics Bank of
Steubcnve, Bank OF Mount Pleasant, Coumbiana
Bank Of New Lisbon, Western Reserve Bank,
Franklin Bank of Columbus, and the Ohio Life In.
surance and Trust Company. The powers OF the
latter, as bank of issue only, expired-t still
mains as bank OF deposits and exchange, and it
has no capital EXCEPT such as it derives from the
Trust department. The capital of the other twelve,
as reported by the Bank Commissioners last SUM.
mer, was $50, 6, 1888 90 of which So, or, 3l3 10 was
owned by residents of Ohio and 81 ,209 500 Al by
non-resldents. The charters of two other banks,
the Commercial Bank of Cincinnati and the Bank
charter OF the Bank OF Norwalk is subject, by its
own provisions, to such alterations any legisla-
ture OF this State may. choose to make, and the
charters OF the Banks of Xenia, Wooster, Sandus.
ky, and the Lafayette Bank Of Cincinnati, are sub
ject to such alterations after the year 1912.
The bill to regulate banking in Ohio, introduced
by Or. Odds, is now under discussion II is barely
possible that this bill may become law, but that it
will be of any practical effect is not believed by any
body with whom it has been my luck to converse on
the subject
Considerable sparring took place between Dr.
Ods and Mr.. Byington in the course Of the discus
ba in rfpd IN
have said: in the good old book, Saul says, my
father sent me out to seek his asses and 10 have
found some of them = he did not come here to look
for asses, but Cooking towards the members from
Pike and Knox, Byington and M'Nulty,) too have
found some" Mr.. Byington said, "were he dis.
posed, he might retort on the member from Picka-
way, (Dr Olds,) with whitening effect, and say il
was better to be Jackass than knave." Mr.. Sc.
ward moved to amend the 9th section SO that those
bankers who are to be confined in jail and fed on
" bread and WATER" may be fed on "bread and
milk" The amendment was carried amid roars OF
laughter. Mr.. Warner moved further to amend
that section so that mush" might be substituted
for bread" and bankers be fed on the luxury Of
"much and milk" which was also agreed to-
Messrs. Odds and M'Nulty also tried their hanas at
sparring The debate was very exciting and able.
The religious discussion in this city between
Messrs. Barnes and Flanders is now terminated il
to the spread OF Universalism. The Presbyterian
clergyman, Wiley, preached against Universalism
on Sunday, and was replied to in the evening by
Flanders.
HeTan A. Moore, Esq. of Columbus has been
appointed by Governo Shannon Adjutant General;
b. b. Taylor Esq of Newark, Paymaster General;
and M. Johnson, Private Secretary.
The weather is remarkably chaDgeable The
rivers very high and difficult TO ford and we are
occasionally shut out Of communication with the
rest of the world. If we build bridges, the rivers
change their beds and sweep them away.