The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1862-01-17
\ Biii to Lcgisiatc the suspcn.
Sion Of specie PaNmchi ny
Ohio RuuiIs.

Ohio Bauiks.
In ihc Ohio Legislature, on 1hur.day
Nr. Odlin, lft m the House Committee on
Currency. on leave, ntroduccdu bill 70 M.
tliorizc the Banks ofthc state 90 suspend
specie pay mcni, which was read the fire,
time. The following il the bill:
WmrrrA., The existing embarrassed
condition Of the inprriul uflurs of the
country, consequent upon rebellion, thu
suspension of specie payment OF hanks
located at the mUrts of commerce, the
large issuc or demand notes ut p cseht ir-
rrdecmnble in coin hy the Guvcrnmsnt ol
the United States, presenting state ui
currency unpr, ccdcutcd aud novel in the
history of our country, The operation ol
which viii withdraw from the banks OF
the State their basis of coin, destructive 10
the public interest, aud probably oecusion-
ing suspension and forfeiture Of the
charter OF some of the banks OF this State.
thereby producing irrcm, diable injury to
TIE public generally, and to the lunking
met tutiVns of the State; therefore,
Re ieBdeied By The GeHerd AssemIlv
Of The Stale Of Ohio, Section /. Thu. until
otherwise provi cd by law. all ofthe cxis-
ting statutory provisions nov IN force In
this State, prescribing penalties, remedies
and proceedings, TO be- had against barLs
OF issue in this State, in cons cqucncc of
their failure 10 pay and redeem their notes
ot circulation with coin, be aud ,hoy nrc
hereby suspended; and until otherwise
provided ns aforesaid, the suspension oi
said bnnks, OF any OF them. To redeem their
notes oi circulation with coin. shall not
o c-ute 10 divcst the title and rights ofuly
such banks, TO any Of It's rights, credits
property, monty security or effects. or tc
lr0usicr the pcrsrssion of the snmo out Of
said bunk VI banks, or work q forfeiture o
its charter.
Section .. Until otherwise provided hy
law, IL shall he lawful tor ANY uf the bank,
Oi this State To receive aud nay out the
notes OF circulation of any oi the solvent
banks OF this State. uithcilgii la u STATE ol
tutponsion as aforesaid.
Section 2. rhui it shhll be lnwlnl Gh,
sad banks 20 receive AID ppy cut as
monty, the demand notes at the United
States.
Section 1, Any solvent banking insti,u.
ten oi THE State hyolire itself of the
PROVISIONS Of this suspcndlug act, shall.
'urlng lts continuance in suspension IN.
der this net if required Nv the Treasury OF
State 10 furnish him sight exchange, pay
able IN New York in coin. for its own
NOTES in the proportion that tho cireula
ticn ot the solvent banks Of this State, at
u rate hot exceeding on. halt pr ccut.
premium, To tie cNtcbt required Ia ruy
the srmi-Rnuual interest on the lrc,en,
lorcign dept oi the STATE.
Srrton D. Tho icmaid notes nf the
United States aud the notes ofihr solvent
banks otihiS State shall be T, ccycd hy
the several county Trcssurers OF this
State in raynwht OF taxes.
Mr.. Odlih moved, that the oops,liuton
nl rule aud tho rule ofthc House be- sus
pended, Tor the bill to ho read the second
time nov, A discussion cnsucd thereon.
Mr.. Odlin of Montgomery, md Mr..
Drkman ol CuyHhoEp, Nplaircd snd dc.
Tended the bill, and orrucd that there was
sn imperious ncecssily To pass the hill tu.
( night. ~ brVkcrs were runrinp upon Tia,
banks for cola,
( Mr.. Flhgg of Hamilton, claimed tha
The dcinand made hy the banks In this iii
was a rorsriri cy guii II the people N .
The Goycrnmrnl--,h that the ,octrinc was
iprstile NJ hevcsy that The AMI should h
allowed TO pay out, Ss specie, the dcmun
notes ot the Goycrnmcnt; that the bank
ul Ohio were sound aud able TO weathc
the storm.
Mr Converse called cor the yeas an
nays on suspension otthe iulc, which re-
sultcd--y eas 81, nays 81. There not be
ing thrt e.lour,h vote, the rules were no
suspended.
Tie vote vas as follows.
/ Thosr that y,,ed the Affirmative wrrC
ncssrs bphecck, Bariram, Bate. Bayart
iBrarl,msp, Bradhuyy tuuk, Grouse, Dick
man. Fcrrcll, GlcSsurr, Griswold, lluui
son, Harsh. Hills, Howard. Iiuwc, John
s,on, kecs, kcmop, kcyscr, Noble, Len
on, Lind, Nastcr, Means. M,lltr, Sion,
Somcry, Myers, Mcclellan. Norris, OdiI
Osborn, Patterson, Pierce, purscn, Ran
dali, RcSny, Reilly, Roberts, Rockwell
Ross, Sayler, Schcll, Scott, Sjcg. Smitl
StaatOn. Stewart, S,vcr, Tiffany Wallu
WarLcr, Wost, Whitney, " Wilkins, Woo,
barr, and Speaker.
Those who yVtcd the negative wcr,
Messrs, Anli, blccker Clark, Convcrs'
Cory, Crane, Drcscl, Pee OF brown, Re
lof NinVon, Ferguson, flOge, GTibbii
High, lIixon, Holden, Huston, J,llrss
Monror, kmm, Lott, Nsft I, Marsh. Moi
roc, MoGill Rcisinpcr, Robh, Snyth,
Snld,r, s,srs, Tsy lor, ThOFr Ull. Nanc'
aud Welh.
MIR. Titus did not vote.
~.s- --He-.-
0C-J. &. Dcngls,s, OF ,hc Gucrnsc
.