Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1862-10-09
INDEPENDENT BANKS.

give IizF O these Independent and Free
Banks. . ~
INDEPENDENT BANKS.
Bank Of Geauga, gainesville.
City Bank of Cleveland.
City Bnuk OF Columbus.
Commercial Bank of Cincinnati.
Dayton Bank, Dayton.
Mahoniug County Bank, Youngstown.
Western Reserve Bank, Warren.
FREE BANKS.
Bank Of Commerce, Cleveland
Bank OF Delaware, Delaware.
Bank of the Ohio Valley, Cincinnati.
Bank Of Marion, Marion.
Champaign County Bank. Urbana.
Forest City Bank, Cleveland.
Franklin Bank Portage Co., Franklin.
Iron Bank of lronton.
Marine Bank Of Toledo.
Merchants Bank, Massillon,
Mount Vernon Bank. Mount Vernon.
Springfield Bank, Sprinield.
Stark County Bank, Canton.
An imposing array Of banks Of your owr
State, many Of which enjoy a reputation
equal to the best institution of the country
are entirely excluded by your hand bill
and tie Merchants and Mechanics Bank
Of Wheeling, "a foreign nstitution--is sub
stituted, AN institution whose circulation
has subjected the taxpayers of the Stat,
to sacrifice, for the past two years, below
the circulation of the banks above rejected
to an amount varying from one to 6iteeI
per centum. Why is this Isaac? Is thcr,
ATTY law of the State colnnelling or even au
thOrizing you TO receive the notes OF tn,
Merchants and Mechanics Bank. mucl
less to pay them out? Please answer. w,
are interested IN knowing. These Free am
Independent Banks, with the other bankinl
institutions Of the State are heavily taxet
TO keep up and maintain the integrity OF th
State, while the Merchants and Mechanics
Bank Of Wheeling does not pay the one
hundredth part Of, one per cent towards re
lieving the aufJanf If taxation in our State
How |. thiss sh1yaae i, preferred over on
own institutionss . This is u pertinent ques
ton and tho tax payers require an answer
Besides this, the Tux payers at the count,
well know that there are two banking inSti
tutions in the City OF Wheeling. Tn
Merchants and Mechanics, and Nortl
Western Backs. The notes of each circu
late in our county. Tho North Western i
greatly tho senior of the two institutions. -
Its origin dates back so long ago, that th
mind OF the writer Of this in legal parlance
''runneth back anl knoweth not to the con
trary." From its origin to the presen
time. the North Western Bank has main
tanned reputation for uprlghtncss and in
tegrity equal, to sny the least Of il, will
the Merchants and Mechanics Bank. Ill
institution comparatively of IN ,darn orig n
Why the selection of one aud the rejection
of 'he other? Did tho North We,terr
Bank refuse TO pay tho ''Qnid pro quo de
manded? The tax payers of the count
are interested in this They hold tn note
Of the North Western as we'll as tho Mer
chants and Mechanics Bank. If ono
rotten and the other sound, we are deepl
interested in knowing the fact. Let u
know the facts 10 the case, Isaac.
10 return ogalu to the one fourth in spec'
question. Let me enquire il you have eve
read the act Of Congress authorizing tn
issue OF these u S. Treasury notes?
SO, you have discovered the fact, that thcs
notes are made legal tender for all pubLt
aud 1,rioote dues. will enquire also, II yo
ever saw or read the act Of your own Lagis
lature of the past winter authorizing tn
Treasurer OF State and the Treasurers o
the several Counties OF the Statu to receiv
in payment Of dues to State and Countie
the notes of the solvent banks of the Stat
and tho Government notes; and requirin
all parties having claims against the Stat
and Counties to receive them in paymen
thereof? Are you aware that this sam,
law requires the banking institutions Of tn
State-iucludng those which You have re
jected-to fnrtish the State with col
enough to pay the interest due on the toreig
Indebtedness OF the State, in exchange 70
their notes at .premium Of one half OF on
per ccn,um 2 ff SO, ,swhy do you reaur
one fourth of tbotax to be paid in specie
Is it because ot'the high premium on specie
The taxes OF the county, suppose, wi
amount to near 800 QUO 90 if not heyon
it. One fourth OF which is $25 900 on, an
twenty per oontum on that would produC
quite revenue to a County Treasurer
cording TO the arithmetic stuaiea-amoun
ing to $4,000 90 and at the lowest figure,
fifteen per centum, u revenue Of $3,750
quite snug little salary for one year, i
addition to the legal compensation allowe
you.
Isaac, let tho tax payers Of the count
hear from you on this subject.
| .h 1855 FLUSHING TOWNSHIP.
N