Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1845-01-31
Columbus correspondence.
COLUMBUS, Jan. 10, l845.
Sir:

COLUMBUS, Jan. 10, l845.
Der Sir!
The all absorbing question of the
currency, if as much agitatcd at your place
as II is at the capital of the State, your ears
are always filled with this long and much
vcXed question. AsI informed you in my
last, 70 mil had 5epn introduced into the
Senate to incorporate the "Bank of Ohio"
This bill has been the subject Of consdora-
ton in that BODY for all Of the last week.
Many important changes have been made
in it since frst introduced. The capital
authorized in your circuit has been iGcreas-
ed to .GUe hHRdJcd thousand doliars, and the
number Of banks have also been increased
to FIVE. As the bin provides, no county
shall have two hanks until one is incorpo-
rated in each Of the others in The district,
except those mentioned in the bill. This
will give each county in your cjrcujta a bank,
or at least the privilege Of one, Another
important change is to the eighth section
which authorizes the board Of control
when sixty per cent. OF the stock is paid
in, according to the provisions OF said Sec
ion may suspend the payment Of the,nthcr
forty per cent provided that the interest of
community aud the bank shaIIrequire it.
This is matter Of great consequence to
counties where there is not much capital;
they can now do business with capital
of $50 900, instead Of the original amount
specified in the bill, and in counties with
the amount Of business Of CdrrclI, Hari-
son, &C., one hundred thousand is more
than the business would require. When
$50, 600 is paidib the bank can commence,
and nine months is allowed to pay the
other $4,000. The Free, or Independent
Banks, have not underwent 50 great a
change; their capital has been reduced to
'Wy thousand dollars, This plan gives
great trouble to the Wall street Brokers,
they are in very bitter terms denouncmg
the Wings Of the present LcgisEnra@-
What jmpudcnce in these rag baronS to
suggest any plan for currency project
whoteveE We have been paying tribute
it is true, TO Ut.r sister Slates at the rate OF
about four hundred ard fifty thousand dol
lars per annum, 10y way OF interest, for the
use of their currency to transact oar 0rdi-
nary business--yet imagine it would be
much better for the interests Of the State,
if the people had attended better to this
matter themselves than rely on the inter-
ference of these purso-proud, selfish mono
polist, who look through the eyeglasses oi
gain. | have heard it intimatod, by sew
erul Of the members, that the bill wiIlrUss
the Senate in the first three days Of the
next week.
The House has been engaged principal
ly on local matters for the last week. A
bill has been introduced to abolish the Of
flee Of State Printer, and provides for hav-
ling the work performed byecoruact
tOn Friday, the Legislature elected yom
old friend and neghbor The Hon. ID.
Coffin, Judge Of the Superior Court of Gin,
cinnati, aud Dr. B. F.Gmd, ofPickawoy
Director of the Ohio penitentiOry, and tel
Associate Judges. There are about sixt,
Judges to elect this winter.
Uhe news from Washington seems t,
contradict the opinion heretofore express
ed to you, that Texas would not be annex
ed, but am induced to tOthink thatI wa