The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-05-27

A large number OF papers favor Henry
B. Payne. Several speak highly of G.
w. Manypenny, and Others prefer Gen.
Mcdowell. Judge Ranney too. has a
goodly number of supporters:
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The Bank case Decided-That's
- theSvay the Money goes.
The case of the United States vs. the
City Bank Of Columbus has just been de-
cided in the United States Court for The
Southern District Of Ohio The issue in
the case is about as follows:
In 1850, when the immaculate Tom
Corwin was Sec'y of the q. S. Treasury
be contracted with William Miner, as a gent
of the City Bank of Columbus. for the
transfer Of 500. 600 from New York city
to New Orleans. It is admitted that the
bank received the money, deposited it in the
Ohio Trust Company's Office iu New York
and drew it out as occasion demanded
Now the Bank, with characteristic honesty,
denies the authority of Miner to make such
contract for them, and refuses to be res
.ponsible for the money.
The evidence relied on by the plaintiff
Is the testimony of Mr.. Corwin. together
with the following documents. The FIRST
being letter from the Bank to the Sec
.retary;
"CIrY BANK OF COLUMBUS.
~Columbus, Ohio, October 26 1850.
essHon. 7Komas Corscin,s Secretary Of the
Treasury, Wasdsngton City:
SIR--The bearer, Colonel William Mi
ner.a Director of this Bank. is authorized,
on behalf Of this Institution, to make pro-
Fposals for the purchase of United States
: Stock to the amount of 100000. Any
arrangements hemay make will be recog-
nized, and fully carried out by this Bank.
He is also authorized, if consistent with
the rules of the Treasury Department, to
contract, on behalf Of this institution, for
she transfer of money from the East to the
eSosth or West, for this Government.
Il have the honor to be, sir, your obe-
dient servant THOMAS NOODLE.
q Cashier"
The second is the contract, as follows:
s ssWAsHINGToN CRY, Nov. 1850.
This will certify that have contracted
with the United States Treasury, as the
asgent of the City Bank of Columbus, to
( transfer 500, 600 from New York to New
Orleans. to be deposited in the Treasury
at the latter named city by the first of
january, 1851, free Of charge, have,
sin pursuance of the said contract, this day
received draft in my own name for 81 90,
600 on the United States Treasury at
!; New York City, which is to be accounted
for on said contract.
WILLIAM MINER.
Mr.. Corwin testified that when he con-
tracted with Mr.. Miner, he regarded him
as the agent of the Bank.
From the above it would seem to a man
not initiated into mysterious processes by
which banks carry on their swindling op-
veratfons, that the Bank would be bound
for the money which it got and used
Such, however, is not the ease The
Bank sets up as defence that Mr.. Noodle,
the cashier was not authorized by the
Directors to contract with Miner, and
that therefore the contract is not binding
on them. To facilitate, this specimen OF
model bank fnanciering, (banks never
swindle, they only financier,) the money,
after being deposited was drawn by Miner
as agent of the Columbus Insurance Com
.pepy. This Company blowed up several
years ago carrying with it a hundred
s'thonsand dollars of the funds belonging
to this State This decision exonerates the
Bank, and makes the Insurance Com.
: pauy tbe.debtor. The 90, 900 therefore
is not worth twenty-five cents.
Judge Mclean, one of the two pious
iissenfers in the Dred Scott case, presi.
ded at this trial. He instructed the jury
that Mr.. Corwin did not know what he
was doing when he made the contracts
that although Miner produced his author
ity as agent of the bank and contracted
! IS spoh agent, yet, as he was mixed uE
with the Insurance Company, the jury
must regard him as the agent ofthe latter
81 Asa matter Of course having such in
structions the jury must bring in aver
dict for the defendant.
~ The Bank got hundred thousand dol