The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1852-03-12

| ing and fleeing the people without any
notice being taken oft and without in
qurng us to the truth or falsity of the
repons which have besn and are now in
circulation, touching this point?
But hear what MIR. Page, in his mem.
orial says: "About two years ago, they,
(ihe Columbus Insurance Company, J
obtained loan of$lOO, 900 ofthe State
of Ohio, upon the guaranty Of certain
officers and stockholders of The Insurance
Company, who are now insolvent, and
who resist The payment of this debt upon
ground, purely technical" Have we no
business as a Senate, TO inquire into this
matter: Have we no right, and is it not
our dnty % ascertain as much as possible
concerning this transaction? As TO the
point that such a committee is unpreced-
ented, it is only necessary TO refer to the
journals of The Legislature, during past
sessions. There are scores Of examples
There fire grievances coming up every
day which call alond or Investigation and
redress. The so called John w. Allen
Land Claim-and the alleged frands or
illicit procedures pracliced by the Recei-
yer or Register or both of the Defiance
Land office, are claiming our attention,
and so far no one has objected TO appoin-
ting committee TO examine aud report
upon these matters. There Is as much
propriety and necessity if not more, for a
committee OH the alleged frauds Of the
Insurance Company, as on either of the
claims or frauds mentioned.
Ir is said that this committee can do
nothing il they DO appointed-,hat they
will not have power to bring any facts 10
light, or to remedy the evil in any way.
! think they can bring some facts Of i'm.
portance to light. They can ascertain
and report by what authority this company
received 100000 Of the money Of the
State. They can ascertain and report
whether that money is secured in any
way, or whether the State must lose it.
They can bring these and many other
facts to light.
But there is another matter which
they may bring to light, containued Mr..
NJ, which is Of more Importance, as il
regards the standing and reputation of
members Of the Legislature. and in which
every member on the floor is interested;
and call the attention of senators TO II.
| noticed ln Swans Elepatvr, newspa-
per published in this city, a few days ago
an article written by some person, 10 me
unknown, The purport Of which was, that
The policy adopted in the adoption Of the
New Constitution, and proposed to bo
carried out by this Democratic Legisla-
lure, of making the banks pay taxes as
The property of individuals is taxed, is a
palpable wrong about to be inflicted on
he banks. aud will, if adopted, force
Ihem 20 close their business. The idea
is, il we pass bill taxing them as other
they will BE- forced 10 suspend.
Now this | consider as a very fallacious
argument calculated 10
nisdirect the public mind.
Ii is very clear that many of the best
banks in the State are preparing 10 quit
This | believe is generally
conceded. IF this second "Committee on
Rlscali,y" be appointed, | am firmly of
the opinion that they will disclose facts
and doings Of such nature that will at
once undeceive the public, and prove be.
yond question, that it is bad manage
ment on the part of banks themselves,
that is causing winding up on the part
of some, and fnal explosion of the
whole system in Ohio. Under the State
bank system one branch is liable for
another and each forall. Enough will,
| think, be brought to light, which, added
10 what the public already know of the
Licking branch and other similar institu-
ilons, will satisfy every one that "lhere is
something rotten in Denmark" and that
if banks are forced to suspend it will not
be on account of being taxed as other
property is faxed.
The resolution was adopted, and a
coponnitfoo oNoo;ntoI