The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1845-01-08

In the Senate thismorning, quite an animated
debate ensued between the federal leaders, on a
bill to receive the banking powers of the Ohio
Life Insurance and Trust Company-ow Mr.
Kelley Of course, taking the lead. The first diff
.ticulty seemed 10 be for how long q time the
banking powers of the company might be resto-
red. Mr.. Anderson wished the restoration TO
last for twenty-five years; MFR. Kelley, more mo-
dest,w was willing to take it twenty years. Mr..
.OFeral thought one year sufficiently long but
Mir. Eckley was willing to compromise on two
years. The proposition Of Mr.. Anderson and
or MIR. Kelley were voted down. Mr.. Kelley
then was willing TO take it for five years; but
no, his coon friends would not allow him q five
lycars' lease. The compromise Of Mr.. Eckley
was carried. lnthe course Of the speeches made
on this bill, the bank project now in tin-pan was
discussed sonewhat extensively by the federal
leaders. They wished TO frame the Trust Com
pany bill to meet its provisions A new kind Of
legislation, truly, for no man ~knoweth, except
those admitted into the tin-pan, what those pro-
visions are, for the bill has not been yet seen by
the Currency committee, or any democrat in Ell
thor branch. thus not been reported to either
branch, and is not yet, as we learn, been fully
tin PANIED.
IlSlC CnNh CISbIihoLNJCCG5 ~ TIC lCuCId I
leaders to discuss a bill, and 10 speak of its adop-
ton as matter of course, shows that the system
Of tin-panning, under the superintendanco and
control of MIR. Kelley and the Roorback wing
Central Commute, has arrived at perfection,--
MIR. Anderson OF Montgomery, in some remarks
made by him, gave evidence that he was one of
the refractory spirits which caused the tin-pan
to continue SO long in labor. He spoke Of the
bank bill not yet introduced us one which might
be imprdcticablc. 1t is said he deems it so; and
if this be true, he will be an ugly customer TO
tho master spirits, and Mr.. Kelley should either
conciliate, or kick him forthwith into the traces.
In the same discussion, Mr.. Anderson, in de-
Tending the Trust Company, stated that they
had a capital Of six hundred thousand dollars,
which was mainly invested in buying up, at q
discount, Indiana Bank notes, to circulate in
Ohio. When Mr.. Kelley afterwards held up a
ragged and dirty one dollar note on the State
Bank of Indiana, and denounced it, we wonder
ed if it was one Of those bought by the Trust
Company at o discount, and then loaned out at
par.
Upon a motion made by Mr.. Barley to pre-
vent the Trust Company from issuing small notes,
to drive silver from circulation, every coon re-
corded his vote against it. On q motion to make
the stockholders of the Trust Company individu-
ally liable for the redemption of their notes, ev-
cry coon Except Mr.. Croft true to their instinct
in favor of bankers and against the people, vo-
ted against the proposition.
In the House, on yesterday, a preamble and
resolution were passed, resembling the vote Of
%censure on John Quincy Adams, passed by the
Ohio Legislature some years since, for present
ing petitions from some blue light Hartford con-
~vention federaIists, in favor of a dissolution of
the Union. In so doing, the federal party, bya
direct vote, repudiated the doctrine of General
Washington's Farewell Address. They have
declared it right to ogitote the question of q dis
solution of this glorious Union in the halls Of
Congress, and they have whitewashed tho char
acter Of a man, who has been five times. %convic-
ted by the American people of buying his way
to the Presidency in 1S25.--Ohio MatcSmGn,
Dec. 81.