Fremont weekly freeman. [volume] (Fremont, Sandusky County, Ohio) 1850-1853, 1850-06-22
Comvemaion.
from the Ohio State Joufn

Friday June14
The debate was continued yesterdy P. N.
on the subject of corporation liability. Mr..
Archbold made one the strongest and argu-
ments yet delivered upon the duty of the CON
vention to throw no unnecessary shackles over
this subject. We did not hear his speech, |
but learn that it was very able.
Mr. Holmes made an argument on the 9th
er side and in favor of unrestricted liability.
He speaks forcibly, and tolerably yell. Wei
rather like his. appearance and department
Remarks were also made by Mesrss Thomp-
son of Shelby, Robertson, Hitchcock of Geauga,
and Chambers; when the committee got TO
ia vote, and attached clause. that in large
class Of corporation, the liability should not ex
tend beyond an amount equal to the stock
The unrestricted men were thus beaten essen
italy.
This morning the committee on the judi
lciary made their report and 1900 copies
were ordered TO printed The discussion
of the old subject was resumed and Mr.. Nash
addressed the committee. He showed that
this talk about the principle of liability was
all nonsense; that there was no principle about
it, but solely question ofexpediency.
Gen. Mason spoke at length, and took the
same side of this subject, that had been ex-
pressed by Mr.. Nash. He spoke ably. He
said there was no more principle about it than
there was in taking nnortage to secure debt
instead of taking personal security It the
principle was so pure and true, then why not
extend tito the State of Ohio, and to counties
and townships? Ifit isl eternal principle
why not?
6 Mr., Barnett of Montgomery spoke: He is
not one Of the talking members were practI-
cal and had much weight He spoke of the
turnpikes and railroads in and around Dayton
He said that there, the system was about COM
pleted and did make an instrument that would
prevent any more corporations from being for
med. He owned small amounts of stock in
several companies and that stock was not
worth Is cents on the dollar He was aware,
when he paid his money, that it would not
be worth much, as stock, but he owned real
estate, the increased value of that much more
than paid him for his loss on stock. The
people there, looked at it in this light. Now,
he would never taken dollar of this stock
if we would have been liable for all the debts
of the company; and not one of the thirteen
lturnpikes and four railroads that are built or
are building, from Dayton, would have been
built if the unrestricted individual liability
clause had been inserted Two of the COM
panies for that region had liability clause in
them, and they fell still lower; nobody took
stock in them, and nobody would. There was
something practical about this, that was worth
acres of distractions.
j, Mr. Archbold made few very forcible and
: happy remarks He said that the success oi
this Hamilton county project would crush as
soeiate enterprise in all the newer and poorer
parts of the State. The spirit Of the age was
association. It enabled the poor and weak tc
Ecompete with the rich and strong. If We
preueat this combination, we forever keep
l down the new and poorer parts of the State.
: Southern slaves were governed and kept IN
-Esubjection by permitting a combination, &c
& His views were philosophical and sound.
After some verbal amendments, the motion
/ to strike out the whole section csmeup, and
4 before the vote was taken, the committee rose
5 and the Convention took recess.