The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1845-03-05
LEGISLATURE OF OHIO.
DEFERRED DEBATE.
IN SENATE, FEBRUARY Is, lS45.

IN SENATE, FEBRUARY Is, 1S45.
The Bank Bill being under consideration,
The question was upon agreeing to the fifty
first amendment, which is as follows:
SEC. SO. Add to the end Of the section as fol-
lows: provided that the banks named in this
section, may so far as the qualifications, and LA
bilities of their directors respectively, be govern
eddy the provision of their several original acts
of interpretations, until the time shall expire for
which the same were granted.
Mr.. KELLEY of Franklin, moved to amend the
amendment by inserting in the third line the word
"directors," these words, '%Eincurred before accep-
ting the provisions of this act" which was agreed
to.
Mr.. BARrLEY moved further to amend the
amendment, by inserting after the word "incor-
poration," these words, sand the existing laws
now in force upon them"
The "~existing Iaws'' here referred to are the
'Woostcr Bank Bill" of last winter, and the law
amending the Wooster Bank bill, and releasing
four other banks from the operation of the Gen
eral Banking Law.
Mr.. BARrLEY said the bill without this amend
ment, would exempt some of the existing banks
from the provisions of the law of the last session.
The laws passed at the last session imposed indi-
'N'Np iup'i'J hIol ttS clONhllOIASiGy utlN btCJ
had agreed 10 accept it: and, although it was I'M
posed in a form obiectiona BILE to him at the time
it was passed, yet, he considered it better than
none, and that it might be made available for
some useful purposes. And although he did not
consider that law of last winter, as embracing
all the principles on banking which he was in
favor of, yet it contained some provisions better
than the pending bill.
Mr. MiTTPp said hn conld MT norn,;t fbn or.
casion to pass wsihout congralulating the Sena-
tor from Richland, [Mr. Barlley,I on the discovery
he had at length made that there was merit in
the Wooster Bank Bill. Last winter be MIR.
M had, in common with three other Senators
the misfortune to be denounced in various quar-.
tiers, and if not by that Senator, by many who ac-
ted with him, for supporting that celebrated bill.
rs now he discovered q returning sanity on that
measure, he must and did now most cordially,
congratulate that Senator on the important dis
covery he mad made.
Mr.. BARTLEY said that he was obliged to his
friend from Belmont, (Mr. MilIer0 for his con-
gramlalions; but he could inform him that they
were premature. He had not changed his opin-
ion in regard to the law passed last winter. He
was utterly opposed to the change which was
made on the existing banking laws on the sta
tuLC uOUhY Ut lilC lust SGSSIOU. dull IIGSC dllCIlu-
ments we're infinitely better than the bill now be-
fore the Senate, and contained some provisions
which he approved. He was unwilling to exempt
the banks from provisions which some Of the eX-
listing banks had agreed to accept, and which
were SO much better than the loose unguarded
system now proposed. 1t is always legitimate 10
choose between two Objectionable propositions.
the question recurring upon the last amend
uoont Nj. #Da,.la.x ..l II - --.
which were ordered, and resulted, yeas ID, nays
II, as follows:
YEAS-Messrs. Aten, Baldwin, Barley, Cha
ney, Disney, johnson, Jones, King, Koch, Miller,
Warner, Waters and Wood--l3.
NAYS--Messrs. Barrere, Codding, Cox,
Grouse, Eckley, Hastings, Kelley of Cuyahoga,
Kelley of franklin, Osborn, O'Ferral, O'Neal,
Perkins, Powell, Quinby, Van Worries, Wetmore
and Speaker---l7.
So the amendment was agreed to.
Mr.. MILLER called the attention of the Speak
er and the Senate TO the important fact that ev-
cry democratic Senator present had, by the vote
Just cast ON Mr.. Bartley'S amendment, endorsed
the provisions of the Wooster Bdnk Bill! He
reloiced that there was nown no division among our
democratic friends on that bill, which contains all
the important restrictions on banking which the
democratic party ever contended Tor, VIZ: lndlVI-
dual liability, limitations of loans TO directors and
stockholders, penitentiary clause for embezzle-
ment, and a limitation of circulation of three dol
lars to one of specie on hand. Mr.. Miller re-
peated that he was well pleased with the unity
of his friends now on that bill. Better late than
never.
Mr.. PERKINS said he could not refrain from
expressing his qualification at the coming togeth-
or of those who had warred so bitterly last win
ter on the Bank bill.
Mr.. hartley said it was true that the demo
cratic members last winter had divided on the
subject of thai bill, but they we're divided on prin-
ciple, and each supported and voted openly and
honestly his sentiments, and none we're lashed by
party leaders into the support Of measures they
opposed, as had been the case with certain wing
members this winter, on tho Bank bill now pen
ding.
a mr. IN The Gt 4 nuic Payoilla