During the same session a question arose in which Mr. Kelly took an active part, in opposition to the great body of his party, the event of which vindicated his sagacity and practical statesmanship. The question was upon a bill to grant to the Ohio Life and Trust Company authority to issue bills to circulate as currency, to the extent of half a million of dollars. At the time this bill was introduced no banking System had been adopted by the legislature; most of the charters of the old banks had expired prior to that time, and the State was without an adequate bank circulation of its own. The chief stockholders and managers of that corporation were men of high character and great wealth. The company had been successfully managed, and its credit was then deservedly high. Also the principal men of the company were leading Whigs, among these were Judges Jacob Burnett and John E. Wright of Cincinnati, Nathaniel Wright of Cincinnati and Alfred Kelley Esq., who was also at the same time a member of the senate from the Franklin district, and this application on the part of the company was backed by the presence and Personal influence of these gentlemen. The plea made by this company for this additional banking privilege was exceedingly plausible, and the measure was approved in a caucus of the Whig members almost without inquiry. The bill was introduced into the Senate by the Hon. Alfred Kelley, and its success was considered certain. Mr. Moses Kelly, alone of his party, expressed his opposition to the bill. Urged as the measure was by so many leading men,' and introduced by the acknowledged leader of the party, it seemed that such opposition must be fruitless. But on the third reading of the bill Mr. Kelly attacked it in a speech of great vigor, and strength of argument. He opposed it as unjust towards any banking system that might be established and as unwise in giving additional privileges to an already powerful corporation. Bat he opposed it chiefly because it gave to the corporation power to issue bills as money simply on individual security. He contended that whenever the State permitted any corporation or organization to issue bills to pass as money the faith of the State should be pledged to their ultimate redemption. While paying a high compliment to the ability and integrity of the managers of the Ohio Life and Trust Company, he declared there was no security but what in the future it might pass into the control of Wall street shavers and brokers, and from thence to ruin, and the people of the State left remediless with a worthless circulation in their hands. His vigorous opposition, and the strength of his argument awakened the attention of the party to the evils of the measure, and notwithstanding its powerful backing, the bill was effectually killed by Mr. Kelly's speech.