The Litchfield County post., 1828-06-05
GoM1tertttut lfgtsIaturR. HOUSE OF REPRESENTATIVES,

| Bill to prevent the sale of foreign lottery tickets introduced by the Committee. Petition of Wm. D. Foster respecting pay table orders, granted without debate. Much was said respecting this petition last year. Bill by MT. Eaton, pro, iding that when the officer.in levying executions, shall over charge his fees, the levy shall be valid, but the officer shall forfeit threefold the amount of his whole charges, read second time.
 Bill by Mir. T. s. Perkins respecting. nuis- ances, when the title of land &c. is in ques- ton, an appeal may be made to the Superior Court, read second time.
 City Bnnk NetO- -HdUen.---Mr. Kibbe mov- ed to lay the bill on the table, as other peti- tions for banks were to be heard that We'd nesday next be assigned as the time to hear them. MT. T. Pitkin said this was an exception to the general principle for granting banks. It would not be added to the banking capital, but extending a priviedge to the stockhold- CTS who were not in fault for the failure of the Eagle Bank. He wished we might now act.
 MT. Parish replied with some warmth, who of them is not guilty either of acts of com mission or of omission. The cause of the failure is their gross negligence. It was with surprise that this was claimed as favorable exception to the general principle. From one section of the State of 10000 inhabit- ants, and S2OO, 1000 banking capital, where are many manufactures, is petition for a bank :; but this company has brought more ruin on the State than all the cOunterfeiters ever in the State. He saw no necessity of any more banking capital in New-Haven. If the ob- ject was to restore the rights to ruined wid- ows and orphans ard to the College, there would be some claim. But no; the rich want an opportunity to make another experi- ment.
 Mir. T. Pitkin replied, the committee have examined the claim and reported favorably If they had considered the stockholders to blaim they would have said so. If they were to blame, he would be the last one to favor them. He would therefore withdraw portunity to substitute his charge.
 MT. Parish replied, he intended no direct allegation, but the stockholders had not seen so closely 10 the business as they ought.
 Mr. Kibbe withdrew his motion.
 Mr. Kimberly moved, as the house was thin, the bill lie on the table till 9 o'clock, which was carried.
 Resolution for committee to take into consideration the propriety of disfranchising Geo. Hoadly, and for instituting suit for perjury against him and the Cashier of the Eagle Bank, introduced by MT. Chappell, & on motion of MT. M'Curdy,laid on the table, by vote of 76 to 50.
 City Bank in Ne,c- Haven.--Mr. Hunger ford, from the Committee, spoke at length in favor of granting the Bank. The Bank was to be a new one, but the stockholders of the Eagle Bank were to have the privileges of ta- king as many shares as they owned in that bank but their shares are but one half as great, so their subscription can be only half the amount of stock owned in that Bank. He said it was extremely unjust to transfer the crime of those concerned in the failure of the Bank, to the stockholders. The com mittee after a full examination are fully con vinced, that theyare deserving of no censure. He then adverted to the conduct of Mir. Hoadly; that at first he was guilty of a small breach of trust in concealing any of his official proceedings from the directors {; but after he had once violated this trust, it was necessary to go on farther and farther in 1 order to conceal it, constantly in hopes, that at last he might restore these funds thus ta- ken and clandestinely appropriated. All this the stockholders had no means of knowing. Undoubtedly they have been injured, and ought if possible, to have seme relief. The only question is. can relief be granted them without injury to the public The commit tee say, yes. For, in the first place the ban klng capital in this city, after this bank is es- tablished, will not be SD great as it was be- fore the failure of the Eagle Bank. If that amount of capital was then wanted, it is now. The whole amount of banking capital in this city, is only S5OO,OOO; while in Hartford there is nearly SS.OOO, ,0OO! Why should there be this difference? there is not this difference in the business. Again, it is proposed to transfer the agency of the Eagle Bank to this institution, and thus save the public the great expense of the present agency. From such considerations, the committee were of the O. pinion that this bank ought to be incorpora- ted. m
 MT. Chapel moved to amend the bill, so as to prevent the directors of the bank, at the time of the failure, from having any share in this bank. The directors are to blame, for according to the rules of banks, no note can be discounted without the consent of three directors.
 Mr. Kimberly said, there was provision in the bill to meet their objection; that no per son who had any agency in the failure of the bank, should be allowed to subscribe l; and further the previous directors were also much