The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1851-02-19

praying for an act to incorporate the Evan
gelical Saint Paul's German Church, in
Perry township, Monroe county. q"
a SENATE.
~ TUESDAY, Feb. l. 1.
Mr.. Eckley moved 10 take from the ta-
ble the motion to reconsider the vote on
the passage OF the bill to create the coun-
ty of Noble.
Mr.. Burns demanded the yeas and nays
which were ordered, and were-yeas Is,
nays 5. a
The question was then taken OH the re-
consideration and lost-yeas l nays 16,
as follows: H-t.
YEAs-Messrs. Award, Blocksom, Bull.
Burns, Foust Linton, Myers, Pardee,
Payne, Simpson and Sutliff--ll.
NAYs--Niessrs. Barker, Bill, Brackley,
Broadwell, Eckley, Furguson, Hart, Hor-
ton, Lawrence, Lewis, Lyman, Salter,
Shertzer, Thompson, Van Buskirk and
Vinal--l6.
So the Senate refused 10 re- consider the
vote [Ths refusal passes the bill, so far
as the Senate is concerned
"FREE BANKING" .
The Senate then went into committee
of the Whole. Mr.. Lewis in the Chair.
and considered the bill to provide for FREQ
Banking.
Mr.. Simpson opposed the bill at some
length. He could not vote for the bill un-
der any circumstances, and could not, by
his vote, aid a system which allowed in
dlviduals to scatter their promises through
out the State, and TO draw interest on their
Indebtedness. The introduction of this
bill, by the Senator from Logan. shows the
onward spirit of progress, for if Banking
be benefit, as its friends claim it to be,
this bill allows every man to bank, who
chooses so to do. He thought this right;
for in his opinion, if we are to have banks
the Legislature has just as much right to
declare that there shall be but one store
in Belmont county. as that there shall be
but one Bank. The most experienced
and perhaps the ablest Senators on this
| floor, believe that State Stocks will better
secure the bill holder than he can be Sc
cured in any other way. He, (Mr. Simp-
SON. differed with Senators on this ques-
ton. lie believed the old Scotch system;
the capital paid in gold and silver, and the
bill holder secured by unencumbered real
estate, the safest system yet discovered.
That system stood the test Of time. Mr.
Simpson then spoke Of the immense profits
of the bankers-the large amount OF in.
terest they collected off the people in the
way of interest on their own debts. Mr.
S. continued at some length. His con.
sttuents felt deep interest in this ques-
ton, and differing with many Of them on
this subject, he would write out what he
had said and publish it.
Mr.. Myers said that the Senator had re-
ferred to the Senator from Cuyahoga and
himself by name, and from his remarks
one would suppose that he was Banker
in favor of Banks This is not correct
lie was opposed to Banks, but if we-were
to have them, he, Mr.. M..) wished TO have
them made safe, if possible.
Mr.. Payne was in the same situation
with the Senator from LUCAS. In addi
tion, he believed the system Of securing
the issues OF the Bank, by deposit o
State Stocks, the best mode yet brough
forward to secure the bill-holder. In ad
diton to this, if the bill passed, he wishec
TO incorporate the individual liability o
Bankers.
Mr.. Simpson then resumed. In this
, our favored free country-lree, because i
: is said her laws are just, and Furnishes all
and rewards all alike-in this land OF equa
rights, man who takes from his neighbor
without his consent, property or money tt
, the value Of thirty-fve dollars, is tried
convicted and sentenced to confinement il
, the Penitentiary. The Banker may talk
property from his neighbor worth thirty
4 five times thrty-fve hundred dollars, with
b. out their consent, and he goes untried, un
IT punished, and such is the State. of society
!. is respected. No law will reach him--h
is protected by law--the law saves III
greater scoundrel, while it Furnishes tn
lesser scoundrel, and this the Senate
g from Carroll calls civilization, when h
e denounced Senators who opposed banking
IS as endeavoring to stop the wheels Of ciril
ization! Civilization, indeed! Civiliza
IF ton requires principles different from ths
j. Of giving to the few the power to plunde
e the many. More has been taken from tn
y people by unlawful interest, and by a re
j. fusal of Bankers to redeem their promises
n than would be required to civilizc and edt
10 cate all the heathen on this continent, an