New-York daily tribune., 1843-01-07

BA NKs IN OHIo.-The Loco-F ocos of Ohio are
greatly distressed as to their proper course con-
! cerniog Banks. One party adopt the thorough
Rentonian Loco Focoism-the genuine, hardrno-
nsyAIoctrine, and go for the instant annihis1on
lspf every thing in the sharc Of miniature mon
stsr.3 The other party, who call themselves Con-
1seryatives, admit and urge the necessity OF well
regulated Banking System, and wish 10 reform in
stead of destroying the paper currency of the
State. The latter division of the party in Cincn-
natl held meeting at That city the even
ing Of the 28th, for the purpose of defining their
position Their call enrased the Destructvcs
who issued countcr-handbill pretty broadly init
mating an intention eradicate their doctrines by
q practical example that very night. The
| ing came-the meeting was organzed-the rcso-
utions adopted, &c. Mr.. Cory, of the Destruc
| ,ives offered some counterrcsolutions and pro-
ceeded to argue them in speech-but he was
out-shouted and forced to desist. The meeting
then broke up, but the Conservatives again or
| Ean;zed outside the hoase, and listened to q
! speech from Dir. Duncan, said 10 have been re-
,aarkabiv sensible and orthodox. Meantime, the
| fight went on merriy inside the hosSc, where the
Destruc.ives had sole rule. Benches were de-
stroved, lamps crashed, windows broken, red pep
per literally thrown into the air whence it found
It's way to the eyes and noses of the crowd, and
confusion reigned for the space of half an hour,
when the meeting adjourned. The Chronicle says
that the tide throughout that State is fast turning
in favor of paper currency-thoush at least half
Of the Loco-Foco party a, the late election voted
with view to the Immediate destruction of
Banks. The true Whis doctrine, a sound cur
,enly, must ultimately prevail
GlLRoYs NEW PowER-LooM.-We looked in
yesterday at Hoe &. Co.'S building, 90 Gold.street,
upon new Power-Loom for weaving Figured
Goods, whether Cotton, Woolen or Silk, recently
patented by the inventor, Mr., CLINTON G. GILRoY,
whose life has been successfully devoted te the
effec,ing Of improvements ir Manufacturing ma
chiney and processes. Among tho pccuarties
of this new Loom is its dispensing entirely with
cams, headdes nsd tresddles in weaving every
description of cloth. The new feature which the
inventor calls ''sceft-puller" seems almost IN
s,ircs with intelligence and life, drawing every
thread of the wei, tight after the shuttle has been
thrown drawing il forward and laying it up to the
face of the cloth, thereby preventing the looping
of the weft-thread occssioned by the diagonal. We
were fcrcibly struck BY the regularity and certainty
with which the machine stops the instant shuttle
| is exhausted or thread broken thus securing tbs,
perfect appearance indispensable to figured cloth,
By the extraordinary combination and admirable
arrangement of machinery (several distinct portions
of this loem being original with MIR. Gilroy,) he
is able to operate it n figured work as fast as the
ordinary power-looun IN weaving plain cloth. The
fabric woven in cur presence is of Gotten, but from
lis peculiar construction resembles silk, while the
specimens OF figured Silk and Linen fabrics pro-
duced in this loom exceed in beauty any we had
before seen. Although working at speed of over
i0o picks or threads of wet per minute, the fabric
produced was absolutely faultless, and we cannot
doubs tha, this machine, being neither curnbrous
nor costly, working with little power, and requir-
ing little skill and no strength in its tender, will
soon supersede those now in use as ii has already
begun to do in France ani England, whetethe IN.
yen,or has also secured patents, and whence be
hes returned with the warmest testimonials from
. scientific men and practcs2 manufacturers. That
he viii reap the reward his ingenuity 50 richly
deserves, cannot be doae,ed.