The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1846-01-07
OHIO LEGISLATURE.
COMPLIED FROM THE DAILY STATESMAN.
TrEsDAy. Dec. 81

CESDA1, DGC' OO
HousE.-The bill to amend the banking law
of last winter was called up. After agreeing to
the 9th amendment of the committee to wit, adj
ding the following as section 81 This act shall
take effect and be in force from and after the
time the Board Of Control, majority of said
board cUncurring, shall file their assens TO its
provisions, with the Secretary of State
Mr.. Reemeln said, that this was certainly one
of the most humatng propositions yet made,
that law passed by the General Assembly of
the State of Ohio, should only be in force when
accepted by the bankers themselves. Arc we
not handing over all legislative power to the
bankers? Are we not admitting that our lcgis-
aon should depend upon the bankers will, and
not upon that of the peoples Representatives?
He thought that the whole bill was putting the
cart before the horse.
The amendment was sustained by party
vote.
Nj. Finn moved to. amend the bill, by strik-
ing out all after the enacting clause, and insert
ing bill repeating the banking law ofast winter.
The question was ihen on The amendment OF
Mr. Finn, and lost-ycas 10, nays Al, as fol-
lows:
YEAS Messrs kbernethy, Anderson, ,Brack-
Iley, Brown of Perry, Cockercll, Comings, Dial,
Finn, Higgins, Knapp, McNInkin, Reemelin,
Smith of Knox, Tottcn, Vallandgham, Willlord,
Williams of Columbiana, Williams of Coshocton,
and Yost--l9.
. NAYS--Mcssrs. Allen, Ball, Barnes, Bell,
Bowen, Boyd, Brown of Montgomery, Candy,
Chandler, Cowen, Curry Cutler, Ferguson, Foust,
Harvey. Irwin, Johnson Johnston, Kimball, Lem
mon. Mcintosh. Mason, Moulton, Noble, ,Parcher,
Phelps. Randall, Richey, Ridgway, Riley Sharp,
Shaw, Shreve Smith of Licking, Stanley, ,Stover,
; Summers, Swartz, Thomas Upton, Trimble of
Highland, Trimble Of MuskiDgum, Wright and
Speaker ID.
A considerable debate took place, tor which
VIC have not room. The bill was ordered to a
third reading by strict party vote.
+, House., Dec 81
Mr.. Olds moved to amend said bill, by adding
r the following, by way Of rider:
sPyopided, That neither the Board of Control,
. nor the Bank Commissioner, shall in any case
r permit any bank to be established under the pro-
visions of the law TO which this act is supplement
tary, in any county Of this state, against the wish
es of majority of the legal voters of such
v county.
!, Mr. Reemelin offered an amendment by way
e of der, as follows:
e Sec-That no banking company, now or here
n after organized, under the provisions of the act
# 10 which this is an amendment, shall, from and
!. after the expiration of Is days from and atIeE
"a the passage of this act, issue, pay out, or other
70 wise circulate or cause 10 be circulated, any BANK
note or notes, of any denomination whatsoever
e. and any cashier or teller, agent, or other olcer
of any of the said banks that shall violate the pro-
a. vsion Of this section, shall be deemed counter
,e feiter of the legal currency of the United States
10 and shall, on conviction thereof for every sucf
offence be imprisoned in the pententary anc
cd kept at hard labor for any space of time not ex
10 ceedng twenty years nor less than one year, ant
nd the provisions of this section shall be IN orce
cd whether the board OF control accept them or mol
by Mr.. Reemen supported his amendment N d,
Or. lengthy speech. MIR. Cowen replied. Mr. Old
tf spoke at some length He said:
ne As am compelled to differ with the genne
man from Hamilton, now offer to amend MS
ue mendment, us follows: cL.
,as THAT no President, Cashier, Teller, Olerk!
,u- other officer or agentof anysbanklng 'ns.llulo
rb- doing business in this state, shall be perm'teu
in pay Out, Or put into circulation, the notes Or !
,ot sues Of any banking institution doing bushes
within or out Of this state, other than the noe
for or issues Of their own bank
mol All these amendments were severay lost
ely Tho,bil was then pOssed--yeas 30, nays !