Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1834-05-15

WHOM were TeIeITeu tHc IcSoiutiouo vIC-
Sc nted yesterday by mr.. D'Wolf, on the
subject Of the L. S. Bank, Removal of
the Deposites. &c. reported the following
resolutions: -
STATE OF RHODE-IsLAND, SC.
Ia General Assembly, May Session, A. d. 1884.
Resolved, That in the opinion of this
General Assembly, the Removal Of the
Public Money from the Bank Of the U.
States, in which by law and contract, it
was required to be Deposited, was a
measure unwarranted, ill-advised, and
injurious to the public interest. q
Resotued, That in the opinion Of this
General Assembly, the public interest
requires, "hat the deposites Of the mon
ey of the United States, shall in future
be made in the Bank Of the U. S. and
its Branches" and that the said Bank
be allowed to perform its duties TO the
United States, enjoined BY its Charter,
viz:--"To give the necessary facilities
for transferring the public funds from
place to place, within the U. States, or
the Territories thereof, and TO distribute
the same in payment of the public credi-
tors, without changing commissions, or
claiming allowance on account Of differ
ence of exchange, and to do and perform
the several and respective duties Of Com
missioners Of Loans for the several
4 States."
Resolved, That in the opinion of this
General Assembly, National Bank is
necessary to the exigencies Of the Gov
ernment; necessary to the maintenance
OF a sound, uniform and permanent ma
tional currency; to the maintenance Of
the GENERAL credit and confidence; and
to the accommodation Of the internal and
foreign trade and business of the country.
Resolred, That to guard az ainst fuc-
tuations in the National Currency, to
prevent the embarrassments and de-
rangements in business, which must al
ways be experienced and practised be-
tween the closing Of the concerns OF one
great National Bank, and opening of a
mother; and to avoid the speculatons, al
ways practised upon such occasions, it is
the opinion of this General Assembly
that the greatest possible stability ought
to be given to a Bank, established rs
National Institution, for National uses
and purposes.
| Resolred, That his ExcelIency, the
Governor, be requested to forward CO.
pies of these Resolutions to each Of our
Senators and Representatives in Con-
gress. -
Il The resolutions were scverally adopt
ed by the House with very little discus
sion, by ayes and noes, as follows:-On
the lst resolution, ayes 43, noes %; ma
jority l8--2d resolution, ayes 43, noes
%; majority l8-3d resolution, ayes 81,
noes II; majority 46-4th resolution,
ayes 48, noes 90; majority 23-the 9th
passed unanimously,
1 The petition Of Robert C.. Sisson, an
insolvent debtor, was taken up, and after
argument by counsel was granted.
| MIR. G.. Allen presented bill to raise
the tax on Bank Capital from one eighth,
to one quarter of one per cent-read and
laid on the table.
Mr.. Hazard from the committee on
the petition of the Boston s. Providence
Rail Road Company for act Of Incorpo-
ration, reported bill.
The same having been read, S. Ames
and Geo. Turner, Esqs. as counsel for
adverse interests, moved that the subjec
be postponed to the next session.
4 This motion was opposed by T. Rv-
ers, Esq. counsel for petitioners. The
discussion ofthis bill occupied the House
the remainder of the afternoon.
On Saturday morning, Mr.. Cranston
presented a memorial and surrender of
charter from Washington Lodge, No. 5.
II The committee on the State Prison
Question, reported that the whole num-
Der Of votes in favor Of State Prison
were 5433, against 500.
Nichols Hassard was elected in grand
committee, Sheriff Of the county of New
port, after a further hearing in relation
TO the charges brought against him.
Mr.. Hazard, of Newport, introduced
a resolution providing for calling Con-
vention for the purpose Of proposing such
amendments TO the constitution and char
ter Of this state as may be necessary,
Postponed to Wednesd June session.
An Act passed incorporating the Bos-
ton and Providence Rail road company
In The afternoon, the bill increasing the
tax on Banks was called, and after de-
bate postponed to the next session.
The resolution on the subject of the
u. S. Bank and removal Of the Deposits,
passed by the House yesterday and sent
to the Senate, came back with an amend
mcnt, striking out the LIST and I'd re solu-
tions, in which the house refused to con-