He successfully opposed a bill providing for what would have been practically an irredeemable currency, and he voted against the bill for chartering the second United States bank, although it provided for the redemp - tion of bank notes in specie, because he objected to permitting the government to have so large a share in its management.
The Democrats adopted a platform declaring in favour of indefinitely enlarging the volume of the irredeemable paper currency which the Civil War had left behind it.
There still remains, however, an irredeemable debt due to the common schools, Ohio University and Ohio State University, in return for their public lands.
Only a few provisions were made, and those ineffectual, for the protection of the public: later in the same year the legislature passed an act for the suspension of specie payments until the 6th of May 1838, and the consequence was that the state was flooded with irredeemable paper currency.
The straw skep has, however, the irredeemable fault of fixed combs, and the gradual development of the movable-frame The mov- h i ve of to-day may be said to have first appeared in able-frame hive.