Conspiracy Exposed Over Ohio Bank Charters in 1842
A Steubenville meeting exposes alleged manipulation of Ohio banking politics during the 1842 extra legislative session. Joseph Kithcart cites journals and petitions showing the push for bank charters, including the Ohio Life Insurance and Trust Company, amid opposition to individual liability. He accuses Whig leaders of aiding bankers to mislead the public and injure his reputation.
MENTIONED IN THIS ARTICLE
Steubenville
Court House
Josiah Scott
Chauncey Dewey
Harrison County
Jefferson County
Ohio
House of Representatives
Gregory
Portsmouth
Clarke
Clermont County
Franklin Bank
Trustees of the
Ohio Life Ie
Latham
Scott
Dewey
Scott May Be Excused On the Ground That He Knew No Better. and Even Mr. Dewey
House
Journal of the Senate
House Journal
Senate
Doctrine Tested by Facts Merchants Mechanics and Farmers
The Whig candidate for the Legislature N Dike opposes individual liability and supports an Incorporated State Bank with independent branches. Using facts from 1837 to 1897, the letter argues Dike’s notes from the Steubenville Woollens Co. show why a charter protects creditors, not shareholders, and questions the safety of his bank proposal. It cites vague references to debts, judgments, and bank principles.
MENTIONED IN THIS ARTICLE
Steubenville Wollens Co
N. Dike
Brown, Lewis, Chase & Co
Jis
Dike
Worcester
Massachusetts
Mr. Dike
Latham
Steubenville
Jefferson County
West Liberty
Absalom Ridgely
Steubenville Woodlens Company
Woollens Co
F. and M. Bank
Woollens
Jesse Edgeington
Brooke County
Jesse
Address of N Dike on Bank subject sparks wide debate
The address argues that individuals have caused greater losses than banks under current charter principles. It cites a Journal of Banking note that 65 banks failed in one year with 74.8 million in capital. The piece links Dike to support for a state bank and measures to bind Ohio to favored interests, while criticizing Whig reactions to an Ashburton Dinner insult and British monarchist sympathy.
MENTIONED IN THIS ARTICLE
Board of ‘Trustees
M.T. Williams
David T. Disney
House
Senate
Latham
House Journal
Clarke
Ohio
Committee
My. Sharp
Journal of the House
State &c
Schenck
House Jour
Sharp
Hatch
Messrs. Scott
Dewey
House of Representatives
General Assembly
State of
Ohio Life Insurance and Trust Company
Ohio Trust Company Bank
Hank Commissioners
Trust Company
Dike
Journal of Banking
Dike Eaye
New York City
Ashburton
United States
England
Public lands proceeds debated by Whigs and Clay supporters
Fragmentary text argues that if public lands proceeds were distributed to citizens each would gain a coin. It mentions Strogg advocating for votes for Clay, indicating a political stance in the era.
MENTIONED IN THIS ARTICLE
United
Strogg
Clay
Woollens Company Ownership Claim Report
A garbled OCR note discusses a Woollens Company matter involving ownership and shareholder property stakes. It references Mr Dike and a potential transfer of control if certain conditions are met, with unclear specifics and damaged wording.
Also Mentioned on This Page
Kith Cart
Senate Journal
Holmes
Ohio Life Insurance and ‘Trust Company of Cincinnati
Ohio Insurance and ‘Trust Company
Raffen
GID
M. Ayers
Clk. H. BR
Cleveland
Life and Trust Company
Cincinnati
Mreason T. Williams
Columbus
Willliams
Bilu
Life and Trust Co
R. P. Spanpina
Joseph Kitheart
Mr. Bean
Mr. Dewey
Altho
Means
Leavitt
Joseph Kithcart
James Smith
John Woodcock
Hiram Knight
Steubenville Woollens Co
Joe Vance
Wells, Henry & Co
Jesse Ington
Ovffer
Steubenville Woollens Company
Sea
Banke
Brown, Lewin, Come & Co
Gore Onother
Po Aon
Beate Bank
Telse Stork
Mack Dwertere
the Woollens Company
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