Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1836-11-10
Continuation ofthe proceedings
/ro,, o,,r Losf erlrac Ted from The Courier.

vernon communicated to the House n
communication from the Governor OF
Connecticut, enclosing the resolutions
which were passed by the legislature OF
that State in May last, on the subject OF
domestic s!avery--Read, and laid on the
table.
The Governor also communicated n
letter from the Secretary OF the Treasury
ofthe u. = OH The subject OF the Act OF
Congress, relative to distribution among
the States, of the surplus revenue OF the
u. s. together with the Act, which beng
read, Mr.. Curtis introduced bill TO au-
rhorize the General Treasurer OF this
State to receive of the United States. this
States proportion, and give to the Secre.
tary the required certificates for the
same, pledging the faith OF the State to
comply with the provisions Of the act
The bill was read, and en- motion of MIR.
Dorr, alter making few gcncral remarks
laid on the table.
Mr.. Dorr also presented a bill provid.
Jag for the investment of the money whea
received, and the appropriation of the in
terest arising thereon. This bill provides
that the Governor, Secretary, and Gene
raj Treasurer, for the time being, shall be
commissioners to invest the money when
received, and that it be deposited lu such
Incorporated banks in this State, as com.
ply with the law ofths State relating to
banks, and are willing to receive the same
and comply with the provisions of the
proposed act, in proportion to their res
pective capitals, they paying an interest
of fre per cent per annum therefor. That
the interest arising thereon shall be appli-
ed for the benefit of public schools, under
the provision ofthe various acts relating
TO and establishing free schools.
Mr.. Dorr accompanied the bill with
some explanatory remarks, and said he
presumed all were agreed in making this
appropriation to so important an object as
that of promoting general education.
Mr. Hazard said he agreed in the i'm.
portancc of making the necessary ar
rangement in order to receive this States
proportion oftho surplus revenue. But
lie thought the bill to appropriate the in
come arising therefrom was premature, -
we should wait until we had received the
money. He would never agree 10 invest
it at fire per cent. 1.-THE Banks would not
pay at leas, six per cent. or consent that
the State should take stock in them, he
should be in favor OF creating new Bank
in which the State should take stock. BE.
sides he did not agree that all were in IA
vor of the proposed distribution for public
schools only. There were other objects
ofimprove,nent OF great public import
ancc, which might require a portion of
the income accruing, and he moved that
both bills be referred to select com
mittee.
Mr.. Dorr made some further cxp!ana-
tions, aud moved that 100 copies be print
ed for the use of the House.
Alter some further observations by
Mcssrs. Curtis, Titus, Brayton and Allen,
the bills were rcft erred to selec. COM
mittee, consisting of the Speaker, and
Messrs. Allen, Childs, Curtis. James, b.
Hazard and Blake, and ordered 10 be
printed.
Several private petitions were receiv-
ed and referred to committees.
Mr.. Curtis introduced bill! on the
subject Of limited partnerships. He sta
ted this bill was not original with him,
but a compilation from the laws Of other
States. He considered the subject an
important one land believed that the pub
lie would receive no detriment from a
law properly guarded authorizing limited
partnerships.
Mr.. Randolph agreed with the gentle
man In regard to the importance of the
subject. The Assembly had always
proceeded with great caution in granting
corporations without rendering every
member personally liable. They had
always refused to incorporate trading or
manufacturing companies, anlcss all the
corporators were rendered personally
liable for all contracts Of the corporations
This bill required much deliberation,
aud should be well considered He
therefore moved that the bill be printed
and referred to the next session of the
Assembly.
Mr.. Curtis assented to that course,
being fully aware that it was a me asure
that required consideration, and at his
suggestion il was referred to the COM
mittee on the judiciary, with instruc
tioDs to report thereon at the next ses-
sion.
At half past | | O'Clock the House, on
motion of Mr. Brayton, adjourned to 8 o.
clock
afternoon. House met at 8 o.
clock.
A memorial from Arnold Sherman and
others, against The New York, Provi-
dence and Boston Rail Road Corpora
tion, praying that an act may be passe d
prohibiting any rail road company from
going upon the lands Of others, withou,