Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1844-02-09


Bank Of Granville, 600 900
Bank of Urbana, 200 900
Western Reserve Bank, 100000
Bank of Muskipgum, 500 600
Franklin Bank OF Columbus, 500 600 T
Bank Of ChiI)icothe, 100000
Bank Of Dayton, 100 900
Commercial Blk OF Cincinnati, 1000 600
Commercial Blk Of SciOlo, 100000
Bank OF Geauea, 100000
Miami Exporting Company, $40 600
Total. $500 600
II the business OF the Stale of Ohio |
required an additional Bank capital TO
the enormous sums that we then had, II
seems 10 me that at the present time
when the laxes OF the State have increa.
sed, and every species Of property has
accumulated, that we canno, transact
our business on The meagre sum Of sew
en- hundred thousand dollars, less than
one~tweliih the amount we had when
the patriotism Of the honorable Senator
and his compeers in democracy moved
them to increase it TO The sum OF twelve
millions six hundred thousand dollars
The same rules govern the trade and
business now, that did then, and he call.
ed upon Senators TO preserve the small a.
mount o currency that we have, though
inadequate it may be TO The wants Of The
people.
But we are admonished that Senators
cannot give their support to this bill,
because it does not contain the modern
bumbugs that must be incorporated into
every Bank charter Bu 1t may be well
10 INQUIRE whether the charters Of the
Banks incorporated in 1884 did2 They
a did not. and the indIvdua liability when
ever introduced, was rejected by the
Democratic members, and particularly
by the honorable Senator from Hamli
ton, who was then Speaker Of the Sen.
a ate. On the 648th page Of the Senate
a journal for the session Of 1888 4 while
q The bill to incorporate the Bank Of Woo'
ter was under consideration, "Mr. Haw
kins moved 10 amend the bill, by adding
- the following to the the l3lh section
y Provided. however, that if such excess
:, cannot be collected from the directors
a under whose administration it was con
troIled or created, nor from said Bank
II or its funds, then in such case, the stool
, holders of SAID Bank shall be liable 70
said excess in their private and ndvid
q. uaI capacities in proportion 10 the stocI
h by them respectively held, TO be recoV
- cred by action OF debt against said stock
" holders.
st The question being taken thereon,
was decided in the negati0e--yeas 10
nays 10; the Speaker IN the negative
w However essential this measure woul
W have been, and imagine but one oplr
:, ion could prevail with honest men,y
:" ii me, the disapprobarioD of those VIII
- are now the new lights on the subject
- Banking,
TO On the 454h page Of the same jour
an nal and while the same bill was undt
de consideration, Mr.. Alexander moved
e. amend il by adding the following: "Pr
i'd vded that The stockholders Of said Bar
on shall be bound 10 heir private caPat
* ties, for all notes, drafts or other respc
re siblIilies incurred or that may 10 Writ
Jus OF this act, provided that their corp
TO-. rale interest bs exhausted before SUI
CT, liability shall be incurred :" The qu
,on ton being taken it was decided in Il
hes negative, yeas l3, nays2l the Speak
ha, voting in the negative. Wha, COVER
ed ed in those votes, he would not a'iem
the 10 answer; it is very strange, howevt
ior that The same members who now ara
ing camorous against our existing han
g D, because their charters do not conl'
the the individual liobiily clause, were
or same who voted down all propostio
ha, OF tha kind while the charters we're
ha, der consideration.
am On The same journal page SIG, wh
ter the bill 10 charter the Clinton Bank
ing Columbus was under consideration,
ost- Mcdowell moved 10 amend by addI
rom the following othe third section: "P
lud vided that nothing in this section, sh
bad be so construed. as 10 exempt the sto'
II Of holders in their private end iodvld
'Rs- capacity. from being liable IN propor'
not to their stock, for eny excess remain
nks unpaid by the directors, and the prop
ally ty of the corporation" This wo
all have been wise provision. and not
alor man ought 10 object TO it; but 1t was
non cided in the negative, the Speaker voI
him against it.
oH' A similar proposition was offer
'ne while the bill to incorporate the b
'pa- OF New Lisbon w0s under cunsIderat
la',' see journal page 680) and was decl
''oT ssall its predecessors had been, the 5
ano ker voting OgsiHsli it. Another sim
gre proposition was made 10 The LaIay
hu0' Bank oI Cincinnati, and voted down,