Identifier: ohioarchologic37ohio (find matches)
Title: Ohio archæological and historical quarterly
Year: 1887 (1880s)
Authors: Ohio State Archaeological and Historical Society
Subjects: History Archaeology
Publisher: Columbus : Published for the Society by A.H. Smythe
Contributing Library: Allen County Public Library Genealogy Center
Digitizing Sponsor: Allen County Public Library Genealogy Center

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ssembly inDecember, 1843, Shannon paved the way for furtherDemocratic division by asserting that he believed awell-guarded and well-restricted system of local banks,judiciously distributed in the State, with a fixed amountof capital, adequate to the business wants of the country,is the best and most practical system of banking thatcan, at this time, be adopted in this state. ^ Shan-nons position was practically an acceptance of the Whigprogram. The Governors message made no mentionof the finality of the Latham and Bartley Laws asmight have been expected from a governor representingthe dominant element in the Democratic party. Theeffect of Shannons message soon was seen in an at-tempt to modify the Latham Law so as to exempt theBank of Wooster from its operation. This was favoredby certain conservative Democrats in spite of an urgentwarning from the Ohio Statesman that there should beno more tinkering with the banking laws. Pointing Ohio Executive Documents, 1843, v. VIII, No. 1, p. 7.
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POLITICAL CARTOONCoon Dissector — Issue of June 7, 1844.(549) 550 Ohio Arch, and Hist. Society Publications to new evidences of prosperity, the Statesman thoughtthere should be no more banks to again demorahze thecountry, and spread ruin, robbery and swindhng broad-cast over the land. Hazeltine (D), in the Senate,opposed the plan to exempt the Bank of Wooster andasserted that had it not been for the fact that a fewDemocrats were connected with the Bank no attemptwould have been made to disturb the general acquies-cence in the Latham and Bartley Laws.* SamuelLahm (D) of Stark County, who favored exemption,declared that it would not mean an abandonment ofthe Latham Law. Lahm was connected with the Bankof Wooster in an official capacity, and as a conservativeDemocrat supported Cass for the Democratic nomina-tion in 1844. It was mainly through the efforts of Joseph S. Lakeand Benjamin Jones, directors of the Wooster Bank,that four Democratic senators, among them SamuelLahm, were induced

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