The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1845-01-22
LEGISLATIVE SUMMARY.
Compiled from the Ohio Statesman.
Monday. Jan. l3. IS45

NhOnudJJ jan loJ AOtO'
SENATE.-The Senate resolved itself into
committee of the whoIe--Mr. Osborne in the
Chair--On the bill to incorporate the State Bank
of Ohio and other banking companies when
the following amendments were offered and Sc
%verally agreed to.
MIR. Anderson, moved to amend the bill so as
TO give eight hundred thousand dollars of bank
ing capital to the second district, composed of
Greene, Montgomery, Preble, Miami, Darke,
Shelby, Mercer, Allen and Van Vert, instead of
Slr hundred thousand, as allowed by the bill.
This motion was opposed at some length by Mr..
Kelley, of Franklin, and sustained by Mr.. An
derson. Carried.
Mr.. Kelley, of Franklin, moved to amend the
bill, so as to give the counties of Belmont, Har-
rlson, Jefferson, Carroll and Columbia $500,OO0
OF capital and five banks, instead of 100000
capital and but four banks. Agreed to.
MIR. Perkins, moved TO amend the bill so as to
increase the capital in the district of Trumbull,
Ashtabula, Lake, Geauga and Portage from
three to four thousand dollars, and the number
OF banks from three to four.
MIR. Kelly of Franklin opposed this motion.
He thought the amount sufficient, and more par
%ticularly as the people in that district were in
favor of banking on State stock.
MIR. Perkins, briefly advocated the amendment.
He did not know whether the people in his dis
trict were in favor ofthis plan of banking or not,
but If they were, he wished to provide for their
wants. The amendment was agreed to.
Mr.. Kelley of Cuyahoga, moved to amend
the bill, so as to allow fourteen banks in the
eleventh district, instead of seven. Mr.. Kelly
of c.. thought the capital of 500, 900 could be
safely invested in fourteen banks with q capital
of $4,000 each. The amendment was agreed
to.
MIR. Kelley of Franklin, moved 81 to amend
the bill as to allow Independent banking compa~
MES 10 bank on $4,000 capital instead of S75,
600. Agreed to.
Mr.. Anderson, moved to amend the bill so as
to make it obligatory on the branches Of the
State Bank, to return all worn, defaced or mutu-
lated notes.
Mr.. Kelly of Franklin, opposed the motion.
He thought it was the interest of Banks to re-
turn delaced notes and get new ones ofthe Board
of Control.
Mr. Anderson differed with the Senator. He
thought it was the interest of banks to issue
and reissue their old notes, so as to have them
worn out in the hands of the holders, SO as to
prevent them from being presented at the coun-
ter for payment.
The Speaker, (Mr. Chambers concurred with
Mr.. Anderson. The question was then taken
and carried.
Mr.. Anderson moved to amend the dill so as
to allow Stockholders to borrow one-half of the
amount of Stock by them paid in. The amend
ment was rc jected-yeas II, NAYS ii.
On motion Of MIR. Eckley the committee rose
and reported progress (having completedtho first
20 sections of the billy and asked leave to sit
again.
The SENATE then on motion Of Mr.. Kelly of
franklin, took up the resolutions passed by the
House relative to the annexation of Texas.
The question being taken on the amendments
proposedby the Senate committee on the Union,
the same was carried by a party vote.
The amendments we are unable to give, mas
much as they are not reported with the proceed
ings.
HoUsE.-BILLs INTRODUCED AND READ A FIRST
TINE.
To amend the act relating TO wills;
10 incorporate the Columbus and Xenia Rail
road company.
TO amend the act incorporating the mutual
Insurance company.
On motion of Mr.. Huntington,
The Judiciary committee we're instructed to
inquire into the expediency of extending the iu-
risdiction of Justices of tho Peace throughout
their respective counties.
Mr.. Kingsbury offered a joint resolution, in
structing our Senators and requesting our Rep,
resentatives, not to vote for any further appro-
priations to the West Point Academy.
During the tendency of this resolution the
House &C adjourned till 3 o'clock.