Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1843-12-29

and sent back 10 the House, and without
debate we're again indefinitely post
poned.
In a former letter expressed az
opinion tina: nothing would be done for
the currency. Recently developed cir
cumstances confirms that opinion. The
bill introduced by Mr. Hawkins, repeal
ing the humbugs upon the subject Of
banking, and extending the charters OF
two other banks, has been passed by
the House. The effect Of this bill will
be-, should it become law, to keep in
eYlstence five banks that now afford US
almost the entire Ohio currency that
we have in circulation, besides it would
give us an additional quantity by ex'
tending the charters OF the Franklin
Bank Of Cincinnati and the Bank Of
Geauga. The former has capita stock
of one million Of dollars, and The latter
capital Of one hundred and fifty thou
sand They are so restricted that they
cannot increase lhe currency very much,
but eight hundred and fifty thousand
dollars OF the capital stock OF the Gin,
cnnati Bank is owned in the East, and
il would keep that much money here,
which otherwise will be Withdrawn
from the West. They can only issue
one and a fourth for each dollar Of capi-
tai stock actually paid 10, and are at al
times bound 10 have one dollar of spe-
Gle in their vaults for every three in
circulation, The Locos showed their
hand in the discussion upon this mea-
sure. They declared that all banks
wore unconstitutional, Mr., Ewing, the
member from Hamilton county, decar-
ed himself orthodox, and said that was
The platform upon which the democratic
party stood, md in the law Of last win
ter they had made great concessions 10
The Wings, and would no, and could not
make any moro. To prove that he was
orthodox he read letter from General
jackson and insisted that he General
Jackson) was opposed to all banks and
all paper money, and warned his bro
ther democrats to support and not do
part from The oplnIuas Of Ihe great
Chief.
Mr.. Archibold insisted that we had
TOO much specie now, that it was 100
valuable, il we had less it would not be
80 cunbrOus, and said that specie was
much better and more convenient for
the commercial world han paper, that
gold could be transmitted by mail, and
save the necessity Of bills, drafts, &c.
Amongst other hard money advocates,
was Mr. Roudebush and Mr.. Sergeant,
and now to relieve the tedium Of long
letter, will give you a correct report
Of the last named genlleman's speech,
which is in wordS and figures following:
"Mr. Speaker: Banks we're raised up
BY tho eIipticality Of their cicalion, or
the semopacity Of their condition, with
a deSlitutiou of the impetus Of public
opinion; but he wished to pursue the
subject on the parAIIeIoaram rule Of pro
gress, intending TO white it down to
point Of definancy, such as would be in
the power Of denlation. For if this law
was not 10 be considered as an elTectual
decentralization, it might as we'll be
blankosity situated in some Ioquacious
Iabarynlh. | believe 10 genera prin-
ciplo, TO sustain and uphold all banks,
inlertwining like Archimides lever, swol
len 10 turn the great palladium Of this
stupSndous structure of this air suspen.
ded ball, and think thisa common sense
view of the subject and common sense
is better than uncommon. We are told
Mr. Speaker, there would be great ma.
ny christians, # ii was not for the Old
Boy! Lead US not into temptation, once
heard lawyer say, that was the great-
est prayer ever made, and I'll lake away
temptation. Eve was not betrayed un~
til The devil come TO her with promises,
80 captivatious promises, under the aus
picies of promises, like the aereal water
wheel, and | am thus charifactural in
zenl, | would say like the emperor TO
tho surging waves Of the ocean, when
he said to the proud wave 'rhis lar shalt
thou come and no farther, and here shalt
thy arsAl waves be still" regard this
as The palladium Of this great nations
slupendOus government. The Yankees
trust no man, they put strings around
their necks SO as 10 pull them up 10 the
plumb; or on the paralelogram prnci
Pile, who can tell why Bank officer
should not be consigned to The form
damp walls Of penitenlary just as
though he'd stols hoss, could send
fash OF light upon the SemOpacious gor
dian knot of the heart plate Of human
nature. Had | the pencil Of Raphael,
or the elOqueuco Of Gabriel, ! would de.
pirt this according 10 The percoraIion Of
psrtinaci:y. But the Wings have knock
ed the whole system Of Banking into 8
concomian, iuxtapoIation oil coon skins.