American Lancaster gazette. [volume] (Lancaster, Ohio) 1855-1860, 1857-10-08
ESTABLISHED IN 1926
4 pollar ana . csnt oas..loa.

A Dollar and Cent Question.
At the approaching election The peo9g
OF our State win be eslled upon TO ap-
prove OF reject TIE new law FOR The regu-
ia.ioo Of the banking system Of The State
By the late Legislature. Ihe acs, i WI
sFsmsmbsf. conlemplatss the establiab-
ment OF one bank, with branches all over
the State, and finally 10 merge all other
banks in i. The new corparation is 70
be located at Columbus. il,e State Capita.
where il must keep an Office open at all
times TO the inspection Of Commbtees OF
the Legislature. The Beard. Of Directors
is to he composed Of one ,rDsvhosr from
each branch. The General Directory at
Columbus is to furnish each bank with.
circulating notes. prescribe rules f"E the
government OF branci es. and see that they
are in every case complied with; Each
director is required 10 take an oath, ana
give bond for the faithful performance o
duty. Before any bank can obtain. eirc1
lating notes, il shall pay over ten per cen
in mousY 10 the safety fund. to be hsld -
trust as security for the redemption Of td''
notes. ,...~
The proportion ofnoles to capital is pre-,
seribed, each branch required TO redeem
its notes in gold aul silver, on penslty OF
being wound up AS ilsolvent. and al tbs
branches are to pay their quota toward Tue
redemption Of the notes Of the failing
branch. A clearing house is to be ssteh-
lished at Columuus. shd branches for the
par redemption Of all the others at Cinein-
cinnati, Cleveland aud Columbus. AN the
branches are to he compelled to furnish
capital for these, to make their deposits
and collections with them, and share M
profits. The ofice'of this corporation in
New York City is 10 bs the 6nancial. agent
there for the State OF Ohio. No branch Is
to have less ca pi,oI Than 500. 900, and in
Hamilton county nope must have less than
$500. 900; iD .Cuyabega or Lucas county
none less than $500, ,OO0; and in Franklin
or Nom gomery county none less than
S2OO, 900. Provision is made for the st-
mission as a branch Of any independent or
free bank 70 the Stste.-Zdnes. Courier.
A New Local Political MOvement.--Ex-
element and ASOay amOaE Politicians.
The community was startled on .opehihg
the morning papers Of to-day. Sensation
heads attracted the attention Of readers 10
a great development. setting forth that a
sincere union had been effected between
z the Americans and disafected Democrats
9 Of Hamilton county. An earthquake.
: certainly, could have not been more start
: ling. Who ever thought ofhtot? Nobody
8 YET it seems to be two true. for the union
? ticket ispuplished. with all the details con.
: nected with its adoption. The Rvpubli'
can papers. taking the movement as a fixed
Q fact, fly of is = high tangent, aud bless th'
= whole affair with unmiIigated bilhngsgats
= The Enquirer has yet TO express an oPin
p ion, but !. will stast of ''brash" to-mor
2 row.
,, AZ 70 the movement we know but little
!, We understand. however. that the large
= and better portion 6ftbs Democracy Of thi
IS county. deprecisting the tact that religic
was Introduced into the Greenwood Hal
!. Couvsntion--that unworthy men wer
nomiualed by combination Of those Of
- certain religious. .faith-77and sincerely des
" " rous of oOeyinG sha instincts Of true d.
:. mocracy, Wis: a seperaton Of all religiO
- from politics, hive. after mature delibir'
r = ton. determined to reject every candida
:, ON tbs democratic tckt who counIenance
~ or sustained the religious prejud,ees wbic
:. controlled the County Democratic ConveI
No lion. Having done this they proposed
q. the Am-rican party union Of that porto
!, of the Democratic ticket VIII eh meets wit
- :. their approval. with portion Of the Anne
';s lean ticket. 1t is said that this union hl
!. been consummstsd- paper, in its ag
"a Iny Of despair. says "by the light Of dar
i. lantern'-to the entire satisfaction OF I
parties, and that the Union ticket is bOur
to sweep the platter. .,e..a; re
w. The statement founded on current rum ruQFn
to. may. or may not. bs true. but thai. tick
tes in the Gazette this morning, INDICATES
iyr truth. Az all events. let. the noveme
ny be what il may. it has cFkated a terri
ct sensation, smcng politicians That port
nst Of the Democracy who held practical
by chat religious freedom consists in foisti
led bigotsd anil relentless Papists. like Hit
ch, into the most responsible ard Influential
en- 6.es Of the county. are Standing on tn
ab- heads t day. And those Republican LEI
rn- ers, who refused positively 10 make a
compromise by whirh The unwholeso
=, nominees OF the Greenwood Hall Cony'
70 ton might be defeated. are .:.rairirg a
NV I,uly pitching, as if tOm.thiipg awful awful had b
;ans pened them. zf,mt gl,
..;S " In day or two some light may
'a1 'a thrown on the matter, which will ens
70" the honest voter to Of tbs merit-of this n
AID unexpected movement, be i what
may. Uuul that is done, we advise eve
80, body to keep cool Cin. Times, s
too, p4 .E, *. L. -. mn