Note DV — LETTER XXXII.

In 1834, the Ohio legislature incorporated a Life and Trust Company, with very great powers; the company was organised in 1835, and in 1836, a proposition was made in the legislature the effect of which would have been indirectly to abolish it. Happily the legislature saw the necessity of keeping up the credit of the State by a faithful adherence to its engagements, and the proposition was rejected. Mr Dallas, of Philadelphia, who has been a Senator of the United States, has quite recently urged the adoption of ex post facto measures, with the object of annulling the charter of the United States Bank.