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Newspaper
American Union
Location
Morgantown, West Virginia, United States of America
Date
Dec 26, 1840
Page
1
Governor 1840 outlines constitutional limits on executive power and veto, discusses disturbing precedents in the U S and Ohio constitutions, and argues for cautious use of patronage while emphasizing government finances, banking, and state sovereignty. He recalls historical debates on executive power and urges prudence in banking reform and currency stability.
The passage extols fidelity to contracts and public faith as essential to state progress. It highlights Ohio’s fertile lands, growing population from sixty thousand in 1802 to a million and a half, and its strategic location along rivers, lakes, and canalled roads. It emphasizes legislative duty to harness resources for moral and intellectual advancement and vows cooperative support.
In the House of Representatives on December 12, Mrs Bartley spoke as Mr B outlined the bill to repeal parts of the act restricting receipt and disbursement of notes below five dollars. He stressed serious study and explained the bill’s aim to curb post notes and bank paper notes of small denomination while evaluating its impact on fiscal operations.
A lawmaker argues the repeal bill harms the effort to expel depreciated small notes from state circulation. He contends restricting notes below five dollars would force banks to abandon such currency and align state finances with solid coin, while preventing the banks from exploiting revenue flows and harming laborers and creditors. He warns the measure would primarily aid banks and treasurers at the expense of taxpayers.
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