Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1845-10-08

net banks as a naked question, and the
same was voted down by the federal
perty--yeas Is, nays 90, as follows:
Yeas--Messrs. Armstrong, Aten,
Baldwin, Barley, Clancy. Disney,
SJohnson, Jones, King, Koch, Loudon,
Miller, Warner, Waters and Wood
fF5.
Nays -Messrs. Anderson Barrere,
GPddlng, Cox, Grouse. EckIey, Greg
ol araff. Hastings, Kelley Of, Frank
lla Osborn, O Ferral, O Neal Perkins.
welI G nirnb ii y oFfisas ": et..
&c. (See page $40 Of the Journal. !:
Every yea in the above vote was
democrat, and every nay, true to their
principle, of giving bankers unlimited
powers to plumber, was a federalist.
On the same day (see page ss3) Mr..
King, of Butler county, determined a.
gain to make an appeal in favor of this
cherished principle, offered the follow.
ing amendment:
Sec. ---. IF any loss of the cap
ital stock or other funds or property of
any bank doing business under the au-
thority of this act, shall be caused by
official mismanagement, or the abuse
ofthe powers Of such bank, on the
part of the president, directors or off
GERS thereof, or either of them, the per-
sons by whose mismanagement or "a
buse of power such loss occurred shall
be liable in his or their individual Ca
pacity to such bank, for all damages
sustained by any such mismanage ement
or abuse; and in case of the insrlven-
cy shall be held in law to have gross
ly mismanaged the same and shall
be held individually liable to the other
stockholders and to the creditors of
such bank for all the injury done, and
for all losses sustained by the means
aforesaid.
On which question he demanded the
yeas and nays, which were ordered,
and resulted, yeas Is, nays, 20, as fol-
lows: ....
Yeas--Messls. Anderson, Aten,
Baldwin, BARLEY, CLANCY, Disney,
Johnson. Jones, King, Kock, Loudon,
Miller, Warner, Waters & Wood Is.
Nays--Messrs. Anderson, Barrere,
Codding. Cox, Grouse, EckIey, Grego-
ry, Croft, Hastings, Kelley Of Cuyaho-
ga, Kelley Of Franklin, Osborn, O'Fer>
raj, ONeal, Perkins, Powell, vQuiuby,
Van Vorhes, Wetmore & Speaker-2O.
So the amendment was disagreed to.
Thus will it be seen that whiggery,
true to the dictation of its leaders, vot-
ed against making bankers Individually
liable, even in cases where the failure
could be clearly traced to their own
management. 1t is scarcely necessary
for us to say that every democrat, true
to his principles of justice and equal
rights, voted in favor ofthe amendment,
while the federal Senators, equally
true to the federal maxim of protecting
the few at the expense ofthe many-of
making banks profitable to the banker
without caring for the billholder--vot-
ed against this just and salutary amend
ment.
On Tuesday, January 20, (see pages
366 and 367I Mr.. King again offered
an amendment presenting the individu>
al liability question, as follows:
Mr.. King offered for adoption the
following, amendment:
Sec. -. The stockholders OF each
and every bank doing business under
this act, shall be held liable in their per.
sonal and individual capacity for all the
debts and liabilities Of such bank, o1
which they are stockholders, in proper.
ton to the amount Of stock by them
severally held and owned.
On which he demanded the yeas
and nays, which were ordered, and re-
suited yeas II, nays l9.
Yeas-Messrs. Armstrong, Aten
Baldwin, BARLEY, Disney, Johnson
Jones, King, Koch, Loudon, Miller
Warner, Watrous and Wood-l4.
Nays-Messrs. Anderson, Barrere
Codding, Cox, Grouse, Eckley, Gabriel
Hastings, Kelley Of Franklin, Kelle,
Of Cuyahoga, Osborn, O'Ferral, Per
kins, Powell, Quimby, Van Vorhes
Wetmore and Speaker,-l9
Again, on this and the other ques
tons, whiggery voted against making
bankers honest, while the democratic
Senators to a man voted in its favor.
Thus we have shown the deep root
ed hostility Of the federal members 0
the Senate to the principle Of holdin!
bankers liable as other men are he'll
for the payment Of their just and hon
est debts.
In the House of Representatives
where whiggery also had the power
the same malign influence was felt
1