Weekly Ohio State journal (Columbus, Ohio : 1841), 1842-01-19

              A She ljl0 ourn ft! VOLUME XXXII. COLU31BUS, WEDNESDAY, JANU ARY 19, 1842. NUMBER 21. Stale PUBLISHED EVERY WEDNESDAY, DV CHARLES SCOTT, Orrics corner of High and Town streets, Bullies' Building. TERMS: Thbeb Dollars f kr A it if UN, which may be discharged by the payment of Two Dollar! and Fifty Cents in advance, Bt tlte oil ice. All loiieri on buainesi of the office or containing remittance, inuHt be pit paid. (7 Postmaster arc permitted by law to remit money to pay subscriptions to newspapers. OHIO LEGISLATURE. REMARKS OF MIL CLARKE, OF CLERMONT, Made in the House of Representatives, January Gth, 1812, on the Joint resolution of the Senate, relative to a resumption of Specie Payments by the Banks of other States. Mr. Clarke said, that he was not very particular whether Uie motion to strike out a word or two in Uie Preamble prevailed or not, it was a small mutter, and one which did not effect the substance of tho Preamble in any way, as he conceived ; yet, if by striking out the objectionable words, Uie whole resolution would be more acceptable to gentlemen, he felt perfectly willing Uiat Uiey should be accommodated; he said Uiat the words sought to bo stricken out wero unnecessary, and rendered U10 sentence as it now stood obscure in some degree, and should vote to strike out, but should that motion fail, lie should nevertheless vote for Uie resolution. And he would ask members to recollect, that U10 vote they may now give, may be under influences and feelings Uiat may not follow Uiem down some ten or fifteen years hence, when they may chance to advert to the record our Clerk is now making up, to see the position of their names upon Uiis motion ; and that we should be advised and persuaded that the vote, before it shall have been gjven is correctly aimed, free from tho bias of the influence, that too ofteir govern our ac tions upon Uiis floor. Now,sir,tostrikeoutUiatpart of U10 Preamble which asserts that "this State and Kent lick tt are connected tosrdhcr hi areat artificial chan nels? will not in Uie least effect the substantial parts ot the resolution, these words only aver a tact which is doubted by members, and whether it be true or not does not change the spirit and operating part of the resolution to strike Uiem out,leuvcs the residue just as strung and nervous, and thereby is made acceptable to members, who, if they arc retained, must vote against the whole, because they aro unwilling to aver "that Ohio and Kentucky are bound together by artificial channels." I am at a loss to conceive what artificial channels bind Uiese two Slates together ; there is a very important natural channel that separates the two States, und it would look ruther absurd in us to aver that ns a fact, which need not be averred ut all, when malty Uie fuel does not exist Rut why are the majority upon this floor so tenacious in tiieir adhesion to the precise form of this preamble and resolution ? Why may we not be permitted : to ak the pour indulgence of Blight amendments oc-1 casionally,tliat we may vote with them upon the sub-Btantive irts of the measures proposed ? May wo not claim the privilege, and mny we not expect the extension of so much of the courtesy of the majority, as to be allowed Uie liberty to proposo in good faith, the amendments that Jwe may deem expedient in tho propositions submitted for legislative action? And may wo not do this, too, without being subjected to tho vehement denunciations in which members have seen fit to indulge, charging upon the minority eaptiousnessf Kir, in Uiis measure, and all mea sures submitted for legislation, the members of Uie minority upon this floor aro interested equally wiUi the majority ; the constituents of the minority have deep and abiding interests in the actions of this House, and it is Uieir right to be heard Ui rough their sworn representatives on all proper occasions, of which the present is one; and heard too, air, without being rudely told that they aro obtrusive and tap-tious! Are we to come into Uiis Hull, sir, take our seats aj inernhcm representing a worthy constituency, and yet not to be permitted, tin rebuked, to par-tnke in the dutien of the station thus assigned us? Must we set still at our desks, leave "rt wtw Uie dominant prty here shall order, with but one privilege common to all Uie privilege of saying am or nay J Sir, for one, 1 am unwilling to submit to the dictatorial spirit which seen is to be manifest among certain members who havo taken upon themselves, and claimed as their exclusive prerogative, to do all Uie legislation of Uiis House, in their own way, and at their own discretion, I?t me say to Uiose who thus arrogate to themselves this high power, Uiat in Uie great work Uiat ought to engiigu the attention of members, and that speedily, (I ullude to the currency,) t intend being wiUi him who shall advance far-Uiest in any constitutional measures Uiat may be devised to relieve tho people from tho heavy curse which the corrupt banking institutions of tho country have brought upon them; this is one of the great objects of Uie session ; ukiii it 1 am ready to act, and call upon them to bring Uiosc measures forward without delay. Our people are fluttering duily from the frauds Uiat are ever) where developing Uicm-aidves in the currency, and it is our duty to do some-Uiiiig, and Uiat something speedily ; and Uie resolu tion. winch wo arc sending abroad to tho neighbor ing States, should sjwnk with a firmness and strength of expression Uiat shall be too plainly indicative; of 1 Mnuhnttan Bank. Ry the report of Uie special com-U10 purges of tins legislature, to leave any room nilssioncrs having charge of the affairs of that into doubt the determined character of that reforming Htitution, it appeared Uiat Uio ftwt assrts amounted spirit that pervades these Halls. I, for one, am ready to about (i-I.OOO, all of which except about $10,000, to draw the sword of execution, to fall where Justice was composed of debts due to Uie Rank. Its circu-bids ; and Uiat our sinter States may not mistake our i lation was about -J.t.'OO. Here was means to pay meaning, lot a drop of tho blood which Uiat sword 1 75 eta. on the dollar, and yet, in Uie present uncer-shall draw from Uie monster Uiat shall first fall a vie- tainty of the law the bills sold fur but JO cts. on the tim, be placed upon the Letters wo send Uiem. I am dollar. If the propound measure should pass into a for doing up Uiis work of Bank Reform strong and law, it was doubtful if Manhattan Rank bills would speedily 1 am lor taking the Uull by the horns, and not by the tail and 1 invito our political opponents to come forward with their measures in quick succession wo are ready for them: not to debate, not to tinker up ineffectual tampering provisions, but to Voto Uie strong medicine that shall promise a certain and speedy cure for the diseased suite of our currency. Sir, the time wasted upon the resolutions which have been before us nearly all this week, and which will do nothing in the great work Uiat wo ought to see provided for, has been unnecessary, and 1 call upon tiic dominant party to cc-tse Uiis mode of legislation to present the great measures of U10 session at once, and Ut in act upon the in and return to our constituent. Hay after day, sir, we are occupied in the consid- oration of refutations, which, when adopted, arc of no J'orco or consequence, merely introduced in many instances, to sec the record ot the votes of members that being done, all is over. Wo arc now closing tho fifth week of tho session, and not ono important measuro lias been matured in this branch no sir, the groat governing measures of tho session, as I understand, tiro not even introduced. Why is this why Uiis delay ? Why are wo sitting in worse than idle-, nets, wasting unprolitably U10 time wc should otherwise employ in concerting measures Umt shall relieve our oppressed people? Sir, tho answer is it hand, and I will tell it to this House the tithof Jamt-1 ury has not yet come ! That great day, for which, politically, all other days were mado, inut pass away with all its "pomp and circumstance;" die ground work of future legislation must originate th"re, sir, ' before this House, or this Legislature, shall bo ready fur U 10 conflict! And hence Uie delay, Uie tardy movements of U10 majority hence the incessant introduction of resolution niter resolution, upon which to waste the intervening tnno. Ujnm tho shoulders of tho majority in this Legislature, I tlx Uie responsibility of tivo weeks consumption of Uie time of this Boston uselessly, impmvidcutly and unnecessarily, and defy Uiem to rid themselves of Uie burden. The Speaker hero called Mr. Clarke to order. Mr. Clarke said that he wu well aware he was not atriclly in order, but that he had wandered from the question before tho House in taking through Uie woods to follow Uie track of genii emeu w ho had preceded him. Tho Hcskor remarked Uiat tho discussion hud taken a wide range, and order must be preserved if possible. Mr. Clarke said ho would not complain of Uie conduct of U10 Speaker; usually, be had been treated with impartiality and courtesy by linn if ho insisted upon tho mle he should resume his seat f Mr. C, wos permitted to proceed Mr. Speaker, said Mr, Clarke, on the subject of U10 currency, there is mm h complaint from all quarters of the State; our tables gnwn with petitions that havo been presented hero on that subject; it is our duty to attend to tiione petitions, to listen u Uie complaints of our constitueuus and do what we canto remove tho heavy calamities Uiat oppresses Uieuu When this work is commenced, 1 will noy, for one, that 1 am with U10 rn I reformers, shoulder to shoulder I cannot say what my Whig friends may feel diiKed to do in tho premises, I cannot pledge for Uiem, Uiis is not ono ot the articles of our faith, every Whig disposes of himself in his own way, and I have no authority to pledge the support of any, but I belie vo Uiey will" be as ready as 1 am in this matter rxit by previous concert, not by drumming up and whipping in by tin-panning or other coercive measuresbut from inclination to do right, Uia frreat monitor Uiat should ever be consulted in tho discharge ot public duties. And I here call upon tha dominant pmy.toccmitothisffTeatworkinUiaUuoafimof patriotism, meeting together, both parties on one com- I mon platform, and lay hold of the work like brethren who nave but one common interest in the cause. The curse that has spread over our country, falls alike upon both pnrties ; to its ruinous effects all are alike exposed, and from which all are severely Buffering the Whig and the Democrat are alike interested in a reform of this mischief in having this spurious currency that has flooded the channels of trade, removed, and a apocdy restoration to that healthy and prosperous state, which it has been our fortune to en- juy, and may again enjoy, by a proper and timely at tention to the important subject Let us nave then, UanK Ketorm INo. 1, JSew tones 1 trie quicker the better 1 and all the other measures that we are advi sed are to follow. Let them come in quick succession; and in the deliberations that are to be had upon them lot us lay aside the partisan, and act the patriot ; let ua all participate in the matter as men hav ing interests that aro inseparably the same; let us counsel together, and each freely offer and frankly receive the suggestions that we may be enabled to make, in a spirit of compromise, for the common welfare. Shall it be a party measure ? Shall the action upon this subject be confined to one party alone, and shall the minority be scowled at, as they have been to-day, should they presume to improve the matter or manner of measures presented to the House ? Must Uie war note ot party bo sounded by the leaders, as we have witnessed on this occasion, and the minority insulted for their efforts, and gagged into silence ? Must we sit by as idlo spectators 01 the scene, while laws are being enacted that involve the greatest interests, if not the very liberties of our constituents, and not be permitted to aid in the great undertakings, by bringing the wiadom and experience we may possess to enlighten tho councils? Sir, it is tima tliut we should think of something elso besides pnrtisan bickering ; the people have suffered from these incessant wrung ings, and they are now groaning under burdens that must be increased rather than diminished, unless some middle ground can be found upon which we may all meet as men who ought to have at heart the best interests of Uie people liicy represent. Will our opponents consent to such a courso will they give us the privilege of aiding in this great work ? We invito them to meet us in friendship upon tiiia subject Let the dictatorial spirit, of which we havo seen too much already, be dismissed, and the responsibility of tho work to be done, arpted out in equal portions to each ; and whether tho results of such legislation prove baneful or benehciul, we shall have this one consolation that we intended welt, though, perchance, evil may come of our acts. REMARKS OF MR. BOWEN, In the House, on Monday the 10th inst., on tho bill to amend tho act to regulate judicial proceedings wheve Banks and Bunkers are parlies, &c. Mr. Bowen said ho should vote for the amendment to the amendment, because it would deprive Uie bill of at least one very objectionable feature, but oven if tlte amendments should prevail, he should still feel obliged to vote again.it the bill, lie regarded it as one of the mo3t extraordinary measures which had us yet been introduced into the house. The most appropriate title which could be given to it would be "a 01 to enable Bnnk-borroicers to avoid the pay-ment of their debts, and to defraud innocent bill hold-dersPSuch, ho sincerely believed would bo tho practical operation of the proposed law. lie instanced a case in which outrageous injustice would be effected. Suppose an individual should select from among the Banks now doing business, an institution which he believed would soon explode, (and he thought such a selection inicht easily he made,) let him go to that institution and borrow 10,000 for six mouths. Let him invest this money by purchasing from the fanners wheat, corn, pork, and other valuable produce. Let him send this produce to New York, and convert it into good specie funds. The transaction then stands thus: the borrower from tho Bank has converted his bunk bills into artual substantial, constitutional money, mid tho bank bills hv V." cd into the hn - '-7 ta!tlt; " this B,n? 01 me business the Hank explodes, nn examination of its affairs takes place, and it is found that Uie good assets or good debts due to the Hank, amount to 7-VM)0, while its bills in circulation amount to ?10O,(HK). If these assets were collected by commissioners in good money, they would pay 75 els, on Uie dollar to the bill holders ; but under the proposed law the bill holders would be wholly at tho mercy ot the debtors to Uie bank. Only threo fourths of tho hills could be used in any event, and in the scramble of the bill holders not to be left hindmost, it is obvious they would be glad to take up with just what was offered, even if it was but ten cehts 011 Uie dollar. Now comes the individual instanced: out of his ten thousand dollars in hard monev, he takes only $1000, and purchase bills enough fo pay his note for 910,000. It appears, therefore, Uiat tho individual will make a clear profit of jfl',000, and the innocent fanners who sold liim Uie proceeds of their hard labor, will lose the shuio amount Mr. B. defied any man to show that this mould not be the inevitable result under Uie proposed law, of every Rank Uiat heronfter explmle. To show that his supposition was not purely ima-rrinnrv. Mr. R stated tho condition of the exploded brtnjr 10 cents on the dollar. Mr. R then read an extract from tho report of the special commissioners alluded to, in which they recommend, that commissioners bo prohibited from receiving U10 bills of the Rank in payment of U10 debts duo to it, or its debtors will be able to discharge tlteir obligations to the Rank at lca than their face, and tho loss will full upon Uie creditors alone. Provisions of this sort are found in the legislation of most of the other Stnte, and no renson is perceived why their operation would not be salutary in Uiis," Mr. R. asked what was Uie professed object of this hill? Its friends said, it was to prevent fraudulent assignments by Rank. oiler, or on the eve of explo sion, it urn was the real object, it might be attain led in a much more direct and simple way, 1 hero would bo no difficulty in enacting a law dec luring that all assignments made by a Rank after its fnilnre, or w ithin a certain time previous to such failure, should bo null and void. This would reach I he a!-Icdged evil and prevent its occurrence. The bill now propmcd, in endeavoring to avoid one comwira-tively trilling evil, full into another still more serious difficulty. It opened the door to iniiuincnible frauds, and, ho believed tho legislature would eventually find that to 110 a common si v ing, Mthev hud jumped out of tho frying-yan into the lira." IX SKNATE-Ja. 10. Mr. Taylor presented the proceedings ofa public meeting held in Newark, Licking county, relative to taxes, and against further loans for improvements, fliiddenouncingUie Walhonding Ciuial as an impolitic and imprudent undertaking. The question being to Iny the an no on the table-Mr. Nash expressed his surprise at the tenor ofUio proceeding presented by tho gentleman from Licking. If he understood the pen pi o (' Licking, they have modestly told us in these resolutions, that they, who havo ruaed greater benefits from Urn internal improvements than any other county in the Suite, will, in future, pay no debts inclined for the benefit of any other part of tho State. This is modest indeed.Mr. Hartley admired tho modesty of tho people of Licking. Now, Umt they havo all Uiey want, to the injury of his constituents, they tell ua that wo must slop. Wo must go no farther to benefit other parts of tho State, because the people of Licking will repudiate the payment of tho moneys expended in future improvements. His constituents liave bomo a part of Uie public burthens w ithout murmuring, but if Uiey arc to be taxed for the benefit of others, let them not bo insulted. Mr. Taylor said that there is n point beyond which internal improvements ought not to go. 'Taxes aro now burtheiwome they We grown so heavy Umt Uiey ore scarcely to bo bomo. Held Utat Ins constituents had a right to meet and express their opinions on Uiis subject Ho rejoiced to boo U10 proceedings nf the meeting, and hoted others would bo held in different wits of Uie State, on this subject Ills supMirt cannot bo expected to be given for any further improvements. a'X 11s wait tho Slate is liankrupt now, "M.ks aro selling at ('J percent let Uioso who purchase State storks in future look well to what they are doing. The people will not pay Uiem, alUiough his constituent aro not repudia-tnrs,Mr. Hartley roiild excuse bis friend lYnm Licking for defending his ronstiiueuts. They look fur it The county of Licking has thrust its arms deeper into the public treasury, Uiart any oUier, and now has the exquisite modesty of telling us to contract no more debts for Uie bsnerlt of others, Vt will not I pat, th"y siy. Is not this modesiv ? Tho Stao hat cteital f her ccmmorciil advsntigi sh novor could have enjoyed, but for Uie public improvements, and yet her citizens now modestly tell us, they will not permit others to enjoy equal benefits. 1 his is modesty indeed. Ry creating those advantages for Uie people of Licking, his constituents have been in-, jurcd. They have lost some of Uieir beBt population, and been robbed ot their capital. Immigration wob turned into another channel, and occasioned anoUier loss. Mr, Taylor was sorry Uiat his friend from Rich land had got so warm on Uiis subject He was not willing to impugn the motives ot gentlemen, out he suspected the Walhonding canal had it influence with his friend. Ho said his constituents wore not roptidiators ; they are an honorable and high minded people, and expressly say that they will pay, to a certain extent He could not see where the gentleman could find authority for calling Uiem robbers. If they havo received benefits they have also borne heavy burthens for them, and were under no obligation to anyoUicr part of Uie State, on that occount. They have a right to protest against any further improvements of the State from which they have no advantage. His constituents now say, beware how you make new debts, and let those who purchase State stocks beware ; and lie would now say that he would not consent to pay Uiem, call it repudiation, or what you please ! iir. Hartley did not assail the motives 01 this modest meeting, he only condemned Uie impropriety in men who had reaped so many advantages from those improvements, now telling us U:ey will not pay for improvements in which they have no immediate benefit There is no propriety or liberality in this. The proceedings now on tho tablo nre. consummately mean, and ought not to have been adopted uml brought hero. Mr. Leonard was of opinion that the Senate had been inqmscd upon. The gentleman from Licking says that he represents "a honorable andhigh-minded people." These resolutions are not so, and there must thcreforo be some imposition somewhere, or these proceedings would not be here. He was of the opinion that the gentleman himself had been imposed upon, or he would not supjwrt them. Mr. L. said that ho represents a people who havo hitherto, in a measure, been hewers of wood and drawers of water for the people of Licking,having now to wog-on their wheat some 30 miles to Newark. Extend tho Walhonding Canal and we shall have but about l.'i miles to a market, which will tike the trade from Newark, and this may have had its influence in bringing forth theso proceedings. Mr. Nash again spoke against the proceedings-said they were selfish and illiberal, and ought not to liavo been sent here by any people. 1 hey protest and threaten us with rebellion if wo do any thing for any other part of tho State. How shall we get along if iloclnut' ot such a mischievous nature are main- tainod? The gentleman from Licking could not himself have been aware of their evil tendency, or ho would not have advocated them. They sap Uie very foundation of all government, and ought to be discountenanced, if not kicked out Mr, Walton disapproved of the proceedings said that Licking county was one of the first to advocate and petition largely for the internal improvements, pledging herself to contribute her share for Uiat pur pose ; and to gratify her citizens, the Lanal wus taken from its natural course, the Muskingum, and car ried cross the hills of Licking. She got all she wanted, and now, when something is to be done for other parts ot tho at ate, she comes forward and pro tests. 11 such proceedings had come from some oth er counties where no benefits had been dispensed, it would ho another tiling would not be so atrange. Mr. Holmes was understood to defend the proceed ings, and was astonished that Uiis little fire hud rais ed so great a smoke. Mr. I aylor, on leave given, said that he confessed that this matter had assumed a character he did not exect He had said all he had intended to say, but since certain remarks had bean P'nf)i ' ' JT.t'J5 nt 1 '"-""fy look on what ground ue tread, Mr. Invlor having here indulged in re marks of personal character, was called to order, whn hn wished to lay the proceedings on the tabic. Mr. Root was opposed to laving on the table. Wo have, said he, a committee whoso duty it is to take such things in charge. It relates to our public debt, and there tore ought to bo referred, so as to let us have a report upon it. hen he saw the gentleman from Richland rise, he expected to hear more wind nnd braggadocio Ui an he had heard on Uie subject It is but a windy kind of a thing, and if we prick it and let tho w ind out, it wilt be a terrible affair. Tho question being Uien taken, the proceedings were laid on Uie table. Trlnr, Jnnnnrr II, 1NJ9. L SKNATK. Petitions wero presented by Messrs, Mitchell, Clark, Van Vorhns, Perkins and Holmes. Mr. Hazeitine, from the committee on Agriculture, A' c, to w hu h the bill changing the names of Joseph Crow, Charlotte Crow, Au, lad been referred, ro- iwrtcd the simo back without amendment and re commended its passage, by Uie following report: Though wne, your rnmmlurc prrtrnd not in know, I low changing llir rt'tw run jiIut ihc t'Ruw ) Kill vtl v iirr gl.id i, Uv pnini; a law, Ni'ri'tM il iiol flutter the'ftirrfi, u will lop their raw, caw, j Then lr l In mIi- ol'jrrl, anil no mhrr vti w, V e do nf omnifii'l. llml (lin lull bt- tu-ht d through, Anil the lluoT ol mutli rvtl mini pay lhi print) l ihu thurt rrK)r1, ami Hour oul the tit-fence. The bill was then ordered to be read tho Uurd Ume on to-morrow, Mr. Taylor, from tho committee on Uio Currency, to which liad been referred Uie bill to enforce the resumption of specie payments by tho Ranks within tho Slate of Ohio, reported the samo back with amendments, which wero agreed to, and the bill, on motion of Mr. Walton, was laid on Uie table. Mr. Kord, from tho committee on Rail Roads, to which had been referred Uie petition from citizens of Adams county, relativo to certain Turnpike Gates, reported adversely to Uio prayer of said petitioners. Report laid on Uie table. Tho bill 10 amend thn act to incorporate Uie Zones-villa and Miysville Turnpike Road Company, was read the third timo and passed. Tho Senate, on motion of Mr. Holmes, resolved itself into committeo of Uie whole, Mr, Nosh in the Chair, 011 the bill fixing the Seat of Justice in Summit county, and after some timo, tho committee nso, and reported the bill back w ithout amendments. Tne bill was then recommitted to the committee on New Counties Tho Senate took a recess. 3 '(, P. M. Mr. Codman reported a bill to incorporate Uio First Presbyterian Church of Greene, Marion county. Head the first time. Mr. Rinvt presented a memorial relativo to extension of Watiash and Krie Canal, w hich was referred to Misr, Rtrnet Thomns and Clark, with leavo of submitting a project for finishing said work. Mr. M itrhell offered a resolution relative to furnishing tho Clerk of Uie Court of Carroll county with the first five volumes of tho Ohio Reports, which was agreed to. On motion of Mr. Holmes, the Senato took up Uie resolution providing for the election of one Supreme and ono President Judge, which, after being amended, was not agreed to. Mr. Root reported back the resolution for the ad-misiion of II. r. (joeke into tho Asylum for the Blind, with an amendment, which was agreed to, and the resolution adopted. Tho Senato adjourned, HOUSE OF REPRESENT ATI VFA Petitions ictrt presented My Messrs. Wood, Raird, Pnnn, Hriggs, Arkley, Mendith, Byington.Schcnck, McFarlaml, Smith of Licking, Scott, Kithcart, ! Rowen, Hamilton, Slreatnr, Powell, Sleedman, ! Kelley of Cuvnhogn, and Sjwnker. I Mr.' F.w ing, from Uie Standing committeo on Pub lic Works, to whom had been referred tho memorial of tho Common Council of Pay ton, reported a resolution prohibiting the drawing off the water from the Miami nnd other canals at any period between Uie l.th of July and tho L'nh of October laid on the table, Mr. Rnlfuismrger, from Uio Committeo on Roads and Highways, reported back the bill to amend Uie act for opening and regulating Ronds and High wax, pasted March II, IStl.wlm h, with the amendments offered thereto, was recommitted to Uio Select committeo by whom it was reported, Mr, Wheeler, from tho Select committeo on the subject retried a bill to rhange the name of the Wardens and Vestry of All Souls Parish of Springfield, Clarke county. Also a bill to incorporate Uie town ol' South Solon, in Madisun county both read 1 the lirst time. Mr. Powell, fmm the Select committeo on tho subject reported a bill to vacate a part of tho Portage j Rond in Delaware county read Uie first time, Mr. Km mg, from tho Select committee on the sub-' iect submitted a resolution instructing tho commit tee on Public Works to inquire into and report to Una llou to, whether any paper or the lcbanon .Miami bank or any other of Uie fraudulent bonks had been J paid out on Uie public w orks at Uie instance of any ot the ftgrnta of Uie State, which wu adopted. Mr. Lawrcnco, from the Select committee on the fulejct r"prtM a bill to establish a Bute Road in 1 the counties of Hardin, Marion and Union read the first time. Mr. Steedman, from the Select committee on Uie subject, reported a bill for Uie relief of Michael Dinn-broil read Uie first Ume, Mr. Lawrence, from the Select committee on the subject, reported a bill making special appropriation of a part of Uio Uiree per cent fund of Delaware county read the first time. I he House took a recess. 3 o'cfocJfc, P. M Mr. Hamilton moved that the House reconsider ' the vote of yesterday, to postpone indefinitely the bill to amend Uie act to incorporate the town of Athens ; wmcn was agreed to. Uie question recurring on Uie indefinite postpone ment of the bill, it was supported by Messrs. McNul-ty and Byington, and opposed by Mr. Ackley, and lost. Sundry motions to amend were made and nega tived, and Uie question being on Uie engrossment of Uie bill, 1 ho Speaker said he regarded the amendments which hod been submitted as intended only to em barrass Uie passage of the bill. He considered its passage as a matter 01 justice to tne people ot Athens. 1 Mr. Jenkins replied Uiat the bill was intended to foster an Abolition institution a second Oberlin an institution that hud gone into disrepute. He was not willing to give the people ot Athens power to make laws, &c. Mr. Huwkins (holding up the statistics of the College at Athens for tho last year) remarked that he thought it could not be an Abolition instituUon, for nearly one-Uiird of tho students were from slave States, though of Uie Institution itself he had but littlo knowledge. Other gentlemen submitted remarks, when the question was taken on Uio engrossment of the bill, and carried. Tho House took up tho bill to regulate judicial proceedings where banks and bankers ore parties, and to prohibit the issuing and circulation of unauthorized bank paper, Mr. Probasco moved to recommit the bill to Uio Standing; Committee cn the Judiciary, which was modified, on motion of Mr. Powell, by inserting the committee on Ranks and the Currency; pending which question, The House adjourned. IN SENATE. Petitions, ice. presented by Messrs. Crowell, Good-in, Clark, Holmes, Thomas, Ford, and Taylor and referred.Mr. Holmes, from the committeo on Corporations, reported buck tho bill incorporating the Croatia Mechanics Institute, wita an amendment, which was agreed to, and the bill o-dured to its third reading. Mr. Hartley, from the Judiciary committee, reported a bill declaratory of tho IliUi section of the act relating to wills; read Jic first time. Mr. Thomas, from a Belect committee, reported hack Uie resolution of the House relative to tho collated statutes, for the township olWabash, Darke co., with on amendmont, which was agreed to, and Uie resolution adopted. Hills Passed Ho change Uie name of Joseph Crow, and sundry other Crows ; to incorporate die First Congregation of Disciples in Norton, Summit county; to incorporate the First Chri slain Church in Greenville, Darke county; to incorporate the Evangelical Christain Church in Annheim, Brown county. The bill authorizing the Commissioners of Hancock county to lay a tax for Bridge purposes, was considered in committee of the whole, and referred to Uio Judiciary committee. The bill for the sale of school section 10, in Chesterfield township, Lucas county, was taken up ; and tho question being on engrossing it, it was lost ven ii?- -.- utoioiiowingresoluUon. which was adopted : Jlesotccdj That the committee on Finance be instructed to inquire into the expediency of so amending the act granting lincense to pedlars, passed Feb. 14, lrt l0,as to require the payment of not less than seventy-five dollars in all cases for license to pedlars or traveling merchants. The bill to enforce specie payments by the Banks of Ohio, was token up for the purpose of certain amendments, when the bill, wiUi Uie smeiidmsnts, were ordered to bo printed. The Senate took a recess. 3 oefork, P. .V. On motion of Mr. Holmes, a resolution was adopt-od for tho election on Saturday nxt, by Joint ballot, at 3 o'clock, P. M. of ono Judge of Uie Supreme Court, ono President Judge for Uio Uth Judicial Circuit, ono Associute Judge for each of the counties of Trumbull, Huron, Pike, and Jackson, and two for Uie county of Hancock. Mr. Latham reported a bill to amend the act incorporating the Portsmouth Dry Dock and Steam Basin Company ; read the first tune. J lie bill declaring the forfeiture or charters for non-user, and their subjection to the will of the Legislature, was considered in committee of Uie whole, and recommitted to the Judiciarv committee. On motion of Mr. Hartley, the Senate took up the bill to prevent usury, and regulate the rate of interest. Mr, Walton moved to strike out eight per cent, Uio rate ot 1 nt ere d allowed bv this bill. On this motion a long nnd animated debate ensued. in which Messrs. Hartley, Walton, Leonard, Hostd-tine, Crowell, Stanton and Root participated, when tho question was taken and carried ayes 10, noes The Senato adjourned. HOUSE OF REPRESENT ATIVES. Tho bill to incorporate tho town of Athens, was read tho third tunc. Mr. Hvingfon moved to amend Uie bill so as to inako it lake effect from Uie fourth of March, 1 15. Mr. Chambers moved Uie Previous Question, to save tho timo and dignity of the House, which mo tion was atterwards withdrawn. Mr. Hyingum said his amendments did not mcct with much lorco on Uie Whig side of tho chamber. Rut ho was as desirous to record his vote against Uiis measure as other gentlemen were to vote in its favor. Ho would not bo deterred from oltering amendments by tho courso of any man he had offered Uiem in good fuilh, &c. He had no doubt Uie good people of tho SUto w ould put Uieir condemnation upon all such hiyh handed measures. Why nut bring in a hill to gug the students of the Ohio University? Why not bring in a bill to prohibit the fanner from disosing ol Uio products of his farm? NoUiing was more pleasant to him than to see Uio party lines so drawn tiptnUus question that to see Uio Whigs como up to the scratch in support of such nicusures, and to see tho oiiosilo paity oppose them. Ho regarded the doctrine as the same us lo compel a man to attend tho established church and concluding w ith some remarks about federalism and democracy. Mr. Ackly replied, by showing Uiat the gentleman from Piko did not understand the provisions of tho bill, Uiat it did not proposo to prohibit the silo of ar dent spirits, but confer on Uie town council the puwor to p resell bo Uio way and manner in which it should be sold. After other remarks he concluded by saying Uiat Uie dutillunes of Uio country were certainly under greit obligations to Uie gentleman for the zeal maiii-kfted by liim in Uio detenco of their interest from Uio great energy exhibited by the gentleman, ho should Uiink he had been raised in one of Uioso es tablishments, fed uiKjn Uio slop, and drank at the singling cusk and Uiat ho hoped Uiat class of community whose cause ho had so well advocated would came a medal to be prepared tor him expressive of his services. Mr, Ackley wu hero called to order and took his scat Mr. M Far land said it was his intention to have given a silent voto on Uns subject, but Uie tirade whicti had just been poured out bv the irenUeman from Pike, mado it necessary for bun to explain the mlu re of his voto. Ho begged permission to notice Uie remark made yesterday, that Una was a second Oberlin instituUon, and Uiat, Uiercfure, it w&s not no-cesary to make tny provision to protect Uie morals of that institution. We aro told, moreover, Uiat Uio evil will not bo removed that men will climb stono walls, or uo any Unng to evade the provisions of Uie bill in question. Admit it, sir, and it offers the strongest possible reaaon why Uie evil should be cut up by the roots. The gentleman from Pike had said this bill was supported by fuderalMts, and opposed by democrats, ie. Sir,said Mr. McFif it be federalism to give the majority of community the right to govern, ne wmuu 10 uou umi sue 11 icuerniiain should forever be written on his brow. Ho deemed no further re marks necessary. .Mr. L pdugrall did not think Uiat this bill could bo mado a mrty question. I le voted against Uie amend merits mitunitted because he did not regard them as nut do in good faith. Ho would now vote agn inst tho bill, and he would do it on principle. The bill proposed to give to the small village of Athens, the power to abridge the natural rights uf Uie c it 1 reus. If tho exercise of this power could be confined to Uie town of Athens, it weuld not be so odious. But it operates farther. Such power ought to be exercised only in extrerra cases. Ho did not deem it right to cut down this vki by law. If wa do, it will be but Uie entering wedge for still farther demands for power. Mr. Olds remarked that the gentleman from Pike was opposed to this bill on Uie ground of its incongruity. As the gentleman was an advocate for the htness of Uiings, he would suggest to him the propriety of petitioning Uiis House to change his name from Le Grand to Le Petite Byington. Mr. Ryington replied when the question being on the poHsago of Uie bill, it was decided in the affirmative, as follows : Aykb Mctsn. Ackley, Blisi, Bowea, Brown, Chambers, Chenowith, Clarke, Converse, Cooke, Dunham Kvani. rmlfre, luller, Card, Gregory, Hamilton, Hawkins, Kelley, of C, Lawrence, Mclbcrry, "McCluiijr, McCrca, McFarlaiiil, Ohli, Perkins, I'owell, I'rohaaro, Schenck, Scoit, Smith of Mniiipimcry , Streator, Taylor, Titus, Warner, Wheeler, and Speaker Navf.s Mcur. AikiuHon, Raird, Brigirs, Byinirton, Ca-hill, Dunn, Kwing, Green, Cirifltih, Halch, Henderson, Hook-inlwrry, Jnnics, jcnkiiw, Jones, RaMmer, Kelley of P., Kiilirarl, Lyon, Meridiih. Moore, McCloskry, MrConncll, MrNuliy, OkW HiirTt'iisparefr, Hliaro. Hmithof I,., Steed-man, Updcrirair, Wallers, Wolcoll. Wood and Workman Sundry ineffectual attempts were then made to' amend the title, by Messrs, McNulty and Byington when Uie question was taken on agreeing to Uio same, and decided in the affirmative Itj to 21. j. he House took a recess, 3 o'clock, P. M. Tho House took up the Senato resolution propos ing to print 5000 copies of the Annual Report of the Directors and Warden of tho Ohio Penitentiary. which, on motion of Mr. Taylor, was amended by I striking out 5000 and inserting 3000, and passed. 1 Pttitions were presented By Messrs. Baird, Jenkins, Wolcott, Atkinson, Jones, Lyon, CaJiill, Smith of Montgomery, Hatch, ond McNulty. Mn Upringlon, from tlio UfcanJing eammilloo nn Corporations, reported a bill to incorporate the town of Antrim, in Guernsey county read the first time. Mr. RuJfcnspnrgcr, from the Btanding committee on Roads and Highways, reported a bill to lay out and establish a btate lload in the connties 01 Lne, Lorain, and Huron read tho first timo. 1 ho same gentleman, from Uie same committee, reported a bill to establish a graded Stuto Road in the counties of Jefferson and Harrison read Uie first time. Mr. Hatch, from Uie select committee on the sub ject, reported a bill to incorporate the Wardens and time. Mr. Hawkins, from Uie select committee on the sub ject reported a bill fixing the time of holding the Su premo Court in lcl'-A w hich was read the ursttune, and made the special order for to-morrow. Mr. lliimilton, from the select committee to whom the Bubicct had been referred, reported a bill to in corporate a Turnpike Company in the counties of Mercer and V an Wert read the first time. Air. Ewiug, from the select committeo an the sub ject, reported a bill to amend the act to regulate the inspection 01 certain articles therein mentioned read the hrst time. Mr. Schcnck, from the select committee on the subject, reported a bill to authorize the sale of school section Iff in township, Crawford county read the hrst time, Mr. Warner, from the select committee on the subject, reported a bill to incorporate the Medina Union Baud, in Medina county read the first time. Mr. Hutch submit ted a resolution requiring Uie Treasurer of State to report to the House w hether he has received into the Treasury Uie proceeds of 254 shares of old stock in Uie German Bank of Wooster, belonging to tho State, under the act of Feb. l 10. Tho saute gentleman offered a resolution requiring the liovernor to report to the House whether he has has issued any commissions to Uie It"1- --""'i- ttooUofiercd a joint resolution, proposing to print 5000 copies of Uie Annual Report of Uie Board of Public Works, for Uio use of members of the General Assembly, Mr. Bowen moved to strike out 5000, which was carried. On motion of Mr. Bvington, tho blank was then hllert with the number WJ. Mr. HIiss submitted a resolution requiring tho Au ditor of Slate to report to Uie House what bounty has been paid on cocoons in Uie different counties of the Mate, w hich was adopted. Mr. Meredith, from Uie select committee, to whom the subject had been referred, reported a bill for the supjiort and better regulation of common schools, passed March 7, 1838 read the first Ume. Mr. McFarland presented the Annual Report of tin- ttiiniiu uiii-rtmv. Mr. Watters submitted a resolution reqiiirinr tho committeo on Uie Judiciary to ascertain and report to Uie House why tho Supreme Court has not held its sessions in certain counties. The House then went into committee of the Whole, on the orders of Uio day, being sundry bills, which were reported back some with amendments, anu oiners without Mr. Olds submitted the following resolution. Ursolvcd, That the standing committee on the Ju diciary be instructed to inquire whether, under the existing laws regulating the practice in Chancerv. sales under decrees may bo node by commissioners appointed by the Court; and if not that Uiey enquire 11110 uio expediency 01 so amending tho law as to authorize such sales to be made, when lhe House adjourned. Tlmrwdnr Jnnnnir 1, 1849 IN SENATE. Petitions tcere preseidedUv Messrs. Hosteller. Cromwell, and Waddle. Mr. Ford, to whom Uie sub iect had been referred. reported a bill to explain and amend tho act incorporating tho city of Cleveland; read Uio first time. iur. llostetter,to w hom Uie subject had been referred, reported a bill to amend the act incorporating tho Stark county Mutual Insurance Company; read the first timo. Mr. Stanton, from Uio committee to which the subject had been referred, reportod a bill fixing tho time of 1 holding- courts in this State; read the first time. 1 ho bill incorporating Uie Mechanics' Institute of Urbnnn, was read the Uurd time, and passed. Hills considered in committee of the H'hole To change tho name of Theodoro Oliver recommitted to the Judiciary committee. To incorporate the town of Salem, Columbiana county recommitted to tho committee on Corporations. To restore Leonard Bmh to the right of citizenship recommitted to the Judiciary committee. To lay out and establish a road in tho counties of Hancock and Hardin recommitted to the committeo on Road and Highways. On motion of Mr. McConncIL tho vote taken on yesterday on tho engrossment of tho bill providing for the salo of school section 1(1, in Chesterfield towmhip, Lucas county, was reconsidered, and Uie bill tun) on Uie table. On mot ion of M r. Thomns, Uie Senate took up Uie bill to movent usury, and fixing Uie rate of interest Mr. riiomas moved to recommit Uie bill to a committee of one, for amendment Mr. IjOnnord ofiered to amend Uio motion, instruct ing tho committee so to amend as to confine Uio rate of all interest to fl per cent Without coming to a voto on the amendments of fered, tho Senate took a recess. HOUSE OF REPRESENTATIVES. Bills Passed, A bill to incorporate Uie town of est itusnviue. in the county ot fair held. A Di to incorporate lhe First Regular BapUal Church and Society of Napoleon, Henry county. A Joint Keaolution was recoivcd from the senate, providing for the election of onoSnnreme Judffe.and sundry Associate Judges on Uie I5th instant, which was ogreea to. Petitions wero presented on various subjects, and appropriately referred. M r. Jones, from the committee on Claims, reported a resolution allowing certain sums to S. 11. Stanton $1 Co, Z. Mills, E. .V Slocum, E. Case, and others, to be provided for in Uie general appropriation bill, which was agreed to. Mr. Hutch, from Uie committee on Ranks and Uie Currency, reported back the bill to repeal Uie charter of tho German Hank of Wooster, and appoint Com missioners to take possession of its assets, without amendment, and recommended its passage. Mr. Olds said that he was a member ot Uio currency committee, but had not been consulted in reference to this report. The bill contained no provision for tho distribution of the assets of the bank among its creditors, and in his opinion it required amendment Mr. Wolcott remarked Hint it was sufficient to allow the Commissionere lo tnkn possession, and after they had made Uieir report, Uie mode of distribution could be provided for, Mr. Prohasco said he supposed that Uio majority hero recognised the right to repeal charters. Ho had moved the ncoiiiiiiilineiit of Uiis lull fur Uie purpose of determining on the best mode of protecting tho rights of the cople of ayne county. There was no compulsory provision in tho bill, and the bank if it chose, could refuse to allow Uie Commission- art to enter its doors. He wu opposed to having the expenses incurred by theso Commissioners in making Uistt examination, paid by Uie State, but was in favor of having Uiem paid out of the assets of Uie bank. He was no apologist for institutions of Uiis kind. Mr. Taylor moved Uiat the bill be recommitted, with instrucUons eo to amend as to require the special Commissioners to give bond before entering on the discharge of their duties, and also to report a provision to secure Uie interests of the creditors of tho institution. Mr, T. remarked Uiat by allowing the Commissioners to take possession of the assets without any security being provided for the creditors of the banks, the doctrine of individual responsibility would be carried a little too far. Mr. Olds did not wish to bo placed in a false position in relation to this matter, for he came here a thorough bank-reformer, and was ready to co-operate in any efficient measures which might be devised by tho majority, for accomplishing so desirable a reform. But Uio action in relation to this subject was to be confined to ono side of Uie House, and Uie minority was to have no participation in it He believed it was not Uie purpose of Uie majority to effect a thorough and radical reform, but on the contrary Uiey were attempting to get up a false issue, in order to array Uie Whigs against every one of their measures. They would Uien be prepared to go home and mount the hobby of bank reform once more. The appointment of a board of Hank Commissioners had been provided for, and as soon as Uiey had given bond, and received their commissions, tho necessity of a select committee would, in his opinion, be superceded, Mr, Walcott replied that the Board of Bank Commissioners were not clothed with sufiicicnt power to meet this case. A special committee was necessary, with power to send for persons and papers, as Uie case was a very black one. Mr. unamuers said Unit this institution had been created and organized with Uie consent of Uie people of Ohio, and in framing a law for Uie settlement of its affairs we should act as discreet legislators. No member stood on more independent ground in relation to banks than he did. lie had always been op posed to Uie increase of bank charters. The Whigs had not held tho political power in Uiis state since lK'17-8, and could not be charged by their opponents, as being opposed in a body, to bank reform. He was prepared to give his support to any measures calculated to effect that object Mr. Jenkins was proceeding to make some remarks, when he yielded Uie floor for a motion to take a recess, which prevailed. Fin day noinnu, jam ,titv 14, i4i. PROGRESS AND SCOPE OF HANK RLFORM. We have examined alt the bills which have been introduced into tho two Houses, relative to Ranks and the currency, and think it possible that our readers mpy bo sufficiently interested in Uio subject to wiih to know what Uio sages of Uio majority in the Legislature contemplate acting upon in Uie course of the session. Wo thereforo proceed to state Uieir titles and contents. The first is a bill which owes its paternity to Mr. Bnrtley, In the Senate, and is conceived under Uie following title : "A BILL To define the meaning and intention of the ninth section of the act cntiUed an act to regulate Judicial proceedings, where banks and bankers aro parties, and to prohibit issuing of bills of certain descriptions,' passeu Jan. -re, It provides that in suits brought by banks or bankers, or their assonpe. the notes of such Banks or tmnKers, shall be received in satisfaction of their claims. No 2, reported by Mr, Taylor, in the Senate, is " A BILL To enforce Uie resumption and continuance of specie payments by the Hanks wiUiin the State of Ohio." Sec. 1. provides Uiat after a day yet to be fixed, all Uie Hanks in this State shall redeem their paper in gold and silver. Sec. 2 Uiat such banks as fail to comply with Uiis requisition, shall bo deemed insolvent, and the Rank Commissioners shall proceed forthwith to put them in liquidation. Sec. 3 Uiat persons bringing suits against Banks shall have speedy remedy, oVc. This last provision seem inconsistent with Uie two preceding. It presupposes Uie violation of Uie act first on Uie part of Uie Hanks, and then Uie neglect of Uieir duty by Uio Bank Commissioners. This, however, is but a small matter in the policy of Loco Foco legislation. The bill has been under consideration in the Senate for two or Uiree weeks, and meets no opposition from any quarter, and yot for some inexplicable reason has not been pressed to a final rote. No. 3, originated with Mr. Byington in the House, It is identical with No. 1, in Uie Senate. In pursu ance, probably to some order emanating from tin -pan Uie action of Uie Senate has been foreclosed, until tho measure shall have passed Uie House. The bill as firt reported has been superseded by amendments, containing provisions which render it one of Uio most dangerous, unconstitutional and outrageous propositions Uiat was ever devised. It is retroactive in its operation, and would probably effect Uie rights of property in Uie Stato to Uio amount of ono or two millions of dollars. It is, in short, a bill to nullify tho constitution of the United States, which provides Uiat nothing but gold and silver shall bo a legal tender, and to enable rogues to discharge Uieir debts in depreciated and worthless paper. Wo copy tho entire first soction, italicising the parts to which wo would draw particular attention. Sec. 1. That in all suits or actions hereafter pro secuted, or that may be now pending in any court within this stato, by any bank or banker for their own use, or for tho use of any other person or body corporate, or by anu person or bodu corporate eutmirur at assignee 0 amy bunk or banker, or by assignment or transfer in any tray, under any bank or banker, upon any bond, bill, note, or oUier contract for payment of money, made to or with any bank or banner, or Uiat has been discounted by such bank or banker: in all such suits it shall be lawful for Uio defendant or defendants therein, under Uie plea of the general issue, and a notice in writing, for money had and received generally, by Uie plaintiff in such suit, filed wiUi said plea, or any time attor said plea being filed, and before trial, to give in evidence and havo set off against tho claim of tho plaintiff in such suit or action, any notes or bills of such bank or bankers, which said defendants may hold at the lim of triat, whether such notes were in the defendant's possession at the commencement of the suit or mm come into his possession any time hereafter, and before trial, and whelher such notes bo, on their face, payable on demand or after dale, or payable at any oilier place Uian where Uio same are issued; and Uie court shall allow such set off, and render judgment for the party, whether plaintiff or defendant, in whose favor Uie' balance bo found, for the amount of such balance and costs. This bill it is aaid hoa been regularly tin-panned. and will be passed. An animated discussion upon its merits has been clearly and ably set forth by Messrs, Probosro, Powell, Bowen, Olds and oUiers,but Uie only perceptible effect produced thus far by Uio lights thrown over its character, seems to hive been to confirm the majority in Uieir determination to pass it Business men and Uie legal profession will per- ceivo the objects it is designed to mbierve and tho modo in which it will operate. However, if passed, it can only prove harmless in its effect, as all Uio laws in the world cannot compel a creditor to accept of any thing but gold and silver in satisfaction of his debt No. 4, u from Mr. Hatch in Uia House, and is A BILL To puniih crimes therein named, in prevention of a fraudulent currency. This bill makes it felony to issue and put in circu lation shin pi osiers or notes of unauthorized Banks, punishable by imprisonment in Uie Penitentiary, not more than Uiroo years nor less than seven. It is in tended to cut up every description of spurious and il legal issues. The object is a good one, and we hojio Um bill will pass, although we would not undertake to justify the se verily of Uie penalties. But wo havo no favors to ask we can stand any thing Uiat the Loco r ocos can. This act will compel such men as E. B. Olds, the suppressed Bunk Commissioner, to pursue somo hon est calling Tor a livelihood. No, 5, is also from Mr. Hutch, and bears the follow, ing Utle : -A BILL To amend the act entitled "an act further to amend Uie act entitled an act to prohibit tho isuing and c:r:uiiUrg of uiuuUioiiiod Bank piper, (.used Jan. 37, 1816,' and to repeal certain acts and parts of acts therein named, passed March 23, 1840." Sec. 2. of this bill makes it Uie duty of all prose cuting attorneys to insUtute suit for the violation of Uie act of J816, under a penalty of two hundred dollars, to be recovered by indictment in the Common Pleas, etc, 6xc. No. 6, is by Mr. McNulty of the House, intro duced on his "own hook," it would seem, and is as follows : "A RILL, To amend the act entitled an act to prohibit the issuing and circulating of unauthorized Bank paper, passed Jan. 27, 1810." This bill authorizes a scire facias against any of the stockholders of an unauUiorized bank, in any county in Uie State, and provides that such persons may bo made parties to any suit or judgment against any other stockholders. No. 7, repeal the charter of the German Rank of Wooster, and appoints commissioners to take charge of its effects. Our readers will thus perceive that Rank Reform is to bo administered to Uiem in u broken doses, " when taken (we suppose) to be well shaken." Some of the provisions of the above bills aro decidedly good some indescribably bad. Instead of having been reported in detached bills, they should have been embraced in one, by which much of the timo of Uio Legislature could have been saved. As it iff Uiey will not get through Uio two Houses in two months Dtfoldca, -no bcliuve Uieiv art Other under consideration, as also some humbug scheme for the enacUnent of a general banking law, with individual responsibility and Penitentiary clauses. No dispo sition is manifested on the part of Uie mnjority to shorten the session, but with little or nothing to bt done, it 11 to be spun out to Uie usual lengUi. It will be observed that whilst so much is in prep aration to annihilate Uie currency, good, bad and in different, which wo now have, noUiing has yet been brought forword to introduce a sound currency, and relieve Uie people from the distresses which press bo heavily upon them. Of courso it is no more than charitable to presume that Uiis small matter will be attended to in due time. From 1 be CinrinnaU Republican, Jan. 12. TERRIBLE LXC1TEMKNT OUR CITY AGAIN DISGRACED ! During the wholo day yesterday, a portion of our city was in Uio possession of a mob, brought on by the fuilure of some of mr iiiuploster shops as Uio whole scene was in Uie neighborhood of our office, we noted Uio fucts as they occurred, as accurately as we could in such a state of excitement and confusion.On Monday evening it was announced, Uiat the Miami Bak had made an assignment and would be closed on Tuesday. Early in the morning of Tuesday, an immense crowd assembled in front of the bank, which is 'very near the room occupied by Uie CikcinxaT! Ht.'vK. Upon the door of Uie latter was a notice Uint it would be closed for 20 days, after which time it would redeem its paper. This caused great excitement Uie exasperated crowd increased, and about 0 o'clock a mob broke open the doors and found that every thing had been removed except the desks and counters, these were broken and thrown into the streets. After Uiey had done all the damage Uiey could there, they broke into Uie Miami Bank, and while we ore writing, at past 11,) are destroying its contents. There ore thousands in the streets, spectators. The nin ti)on Bates, whoso office joins Uie Miami Bank, is immense. Fvery man who hasadollarof the Exchange Bank paper is crowding in wiUi it Thus far he continues to redeem. The crowd are endeavoring to compel him to redeem the West Union issues, and several have succeeded. If this is continued. of course ho must suspend, and in the present state ui cxcueuieui, mere is no leuing wnai wouia be the consequence. Lou gee's office is on Uio opposite cornor from Bites, and is closed. Wo presume ho has escaped only because attention has not yet been directed towards him. Quarter pact 12 the riot still continues. Tha sheriff is out on horseback, trying to dispone the crowd. Some of the firemen aro out in uniform for Uie same purpose. The mob are still trvinrr tn hrenk open the vault of Uio Miami Bank. Half past 12 they have succeeded, and scattered the books and papers in Uio street Some 12 or 15 of the Citizen's Ciuords made their appearance at the Mayors orfico in uniform. They were formed, and marched with fixed bayonets through Uie crowd in front of the Hanks and Bates Exchange office. The mob retreated a short distance, but commenced an assault upon the military and Uie few members of the Protection t ire Company, who had followed them, with brickbats and clubs. Tho Captain fired a pis to), and we understand wounded very severely in the ieg one wno naa ossauea nun. Phis caused an increase of the violence .of tho mob brick bats and clubs flew more rapidly at tho military and firemen; several of the firemen stood their ground manful ly for a short time. We saw one of Uiem break his stall' over tho head of an assailant Tho Military were ordered to fire, which many of them did as Uiey were retreating in order towards the Mayor sotiice. 1 he guns must have been charged with blank cartridges, because they were fired directly into the crowd, and we have not been ablo to learn certainly that any one was injured by Uiem. We did hear that one man was wounded in Uie head, and anoUier in Uio face, with shot, but could not learn certainly Uiat this was tho case. The military and firemen retreated to the Mayor's office, where uimn consultation with Uio Sheriff, it was determined to bo most prudent for them to retire, bee 01 ho very few of the citizens seemed disposed to lend them any aid, and Uieir numbers were too small to accomplish any thing effectual. Tho Mayor had been very sick for a day or two, and it was with difficulty he wu able to get to his office t he only remained a short time, and returned homo. A little after one o'clock the mob commenced breaking tho windows and furniture of Bates' office, we presume becanso ho did not redeem West Union. Ho continued to redeem Exchange Bank notes very promptly up to Uiis time, but when the breaking commenced he gaUicred up what he could and retreated, Tho interior nf his office was soon demolwhed and tho contents thrown into the streetbooks, pvto, and all Uiat could bo found. The doora, windows, and counters wore oomplotcly demolishedthe signs torn down and split to pieces. After una, the attack was commenced on Iou7eea office on tho opposite comer of Main and Third strecti. It had not been, opened during Uie day. The doora and windows soon broken the crowd rushed in, and Uio office soon shared Uie same fate w ith Bates', Iougco issued the notes called the Saving Hank of Louisville." Alter the crowd had completed the work of destruction here, they went to Urewstcr's and EaatonsotticeLbutathaifpastthrea. Uiey had done no other damage to them than to pull streets is si ill immense There must be three or lour thousand people assembled, but the great ma jority are mere spectators. They are pleased at the prospect or oanismng Uie shinplaster trash, but they do nut approve of Uie meant. We doubt whether more than fifty were actively engaged, and mam- of Uiese were boys of 17 or 16 At about FJ 0 clock there was an attemnt to o-ot a meeting of Council to increase the police for the tune smly eleven members assembled 1 an Ordinance was introduced lor the purpose, but it was necessary that there should bo eleven in favor of it bo lore it should be passed. Mr. Hmcktus, Iron the 7th Ward, voted in tho ne gativeconsequently nothing eould be done A resolution was then adopted, authorixiiur the Mayor to organite a sufficient number of Police Of. ficcrs to restore order, and appropriating 300 for Uie same. Thk Mkchajici a:td TaaDKfta' Biro, one of the proscribed institutions, ami situated near Uie others, continued open Ull i o'clock 1 and redeemod her issues in bankable monev, instead of currency, as the nad done nerotoiore. &no escaped, but not without some threats. Several of Uie directors went behind the counter to assist Uie clerks in taking in their paper.A largo number of citizens have Volunteered to guard the city to-night Several of Uie ringlendura of the mob have been arrested, and wo hope Uiere will be no disturbance during Uie night p. H. Since writing the above, wo hear there was upwards of 221,000 dollars of money in the vsult of tho Miami Hank. $2lcl0(kof Uns was in then-own notes (l,2ti in siiecie, slid Uie balance in paper of other banks, all of which was taken. Four pcrmms have been arrested, upon whom were found r'4.l)O0 syme of which wu in bankable money Uio balance in their own paper, Ths Mechanics & Traders Bank hid a notice en the dncr last evening that thov would re-open thn I mining at 9 o'clock.