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


q different institution
Mr.. Barley then took the floor, anG
replied to arguments heretofore made
in opposition to the bhl-or, rather, sup
portIng the theory Of gold and silver
currency, and Banks Of discount depoS.
it, and exchange and opposing Banks of
circulation, Before Mr. B had concud
ed, an alarm Of fire created so much
confusion that the Senate adjourned.
WEDNESDAY, Feb 8.
Mr.. Latham. from a select committp =,
reported buck The bill 10 amend The act
| to regulate Banking in Ohio, with one
amendment namely, striking OFT the
10Th section, which reads as follows:
"SEc, 49, That the following acts, TO
wit: The act entitled "an act 10 incorpo.
rate and establish the Bank Of Xenia,"
passed March one, one thousand eight
hundred aod thirty four; also, the act
incorporating tho Bank OF Wooster,
passed February fourteen. one thousand
eight hundred and thirty four; also, the
act Incorporating the Baak of Norwalk =,
passed February twenty-five, ,oaelbous
and eight hundred and thirty one; also,
the oct TO incorporate and establish the
Bank OF Sandnsky, passed March third,
one thousand eight hundred and thirty.
four; and also, tho actincorporaling and
establishing gthe Lafayette Bank Ot Crn
cnna,i, passed March third, one thous.
and eight hundred and thirty four; shall
be, and the samn are hereby altered
: changed and modified, by tho subsiitu.
ton Of the provisions OF thus act. and
the act TO which this is nm amendment.
in lieu thereof, so far, that the same
Banks, now doing business under the
said acts of Incorporation, shall, after
the first day Of March, Ammo Donnl
one thousand eight hundred and thirty
four, conform their business to the gen
eral regulations, and be subject to all the
restrictions and liabilities Of tbs act, aud
tho act to which this is m amendment
Some discussion took place npon the
striking OCT this section. which was
made sort Of test question between
practicable and mpracticabIe Banking
Mr.. Latham believed thai some of the
Banks named would 60 out of existence
If the section were retained; he should
vote for striking out, and vote against
the bill if the section was not slrckan
out. Mr.. Robbins said he should vote
Tor tho bill II the Senate struck out ,hi:
section, and against tiff tho section be
relaincd Mr.. }ardy and Mr.. Parker
considered the striking out Of this sec
llon, if it prevailed, az n death blow Ia
the bill, and the end Of all aitempls to
soltlo the currency question during the
present session. Mr. Lahm did not ro.
gard this question as Of so much lmpor.
lance 0s some gentlemen seemed to at
ach TO it-he should vote against strik
ing out, on the ground that the charters
of the Banks named provided in them
selves for alteration and amendmpnt af
ter l842; but he should vote for he bill
with or without this section. The ques
lion on striking out being taken, twas
lost as loIows:
YEAS -Messrs. Barnet, Denny. Ford
Franklin, Fuller, Henderson, Jackson
Latham, Newton, Nash, Ridgway, Rob
bins, Stanton, Updegraf, Van Vorhes,
and Wado-l6
Nays Messrs. Aren, BARLEY, Clark
Harris, Hazohiae, johnson, Jones, Koch
Lahm, Loudon, Miller, Mitchell, Mean,
ely, McCulchen, Parker, Richie, Wei
ION Wocott and Speuker-l9.
Mr. Parker then offered on amend
ment by way Of ryder, incorporating a
company by tthe namo Of the Bank ot
\ Dayton; which. after somo debate, he
withdrew, with the declaration thai hG
should hereafter introduce a separate
bill Incorporating SAID company undet
the provisions of this bill,
Mr.. Barley then continued his speech
upon the general principles oi Banking
&C., and in elucidulion Of the advanla
ges Of "a gold and silver circulation and
the evils Of a paper currency; and aCle
speaking a short time. he gave way tt
IA ,moiOn for o recess, which was theI
taken.
Mr.. Bart'ey continued his remat tkS up
on upon the bill To amend the act to reg
ulole Banking in OHIO He made quit
pOuslble pIen for hard money cur
I rency; speaking until half past four,-
Mr. B having concluded, Mr.. Nash too
, tho floor in reply, and disposed Of som
n( his arguments in very clear and 81
=, lrsiactorv manner spenkng half a
d hour. Mr.. BARLEY made few remark
O 10 answer to some Of the positions OF NJ
!. Nash.
Of After an unsuccessful motion 10 &C