Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1837-05-11

Asa Gray, Ehu Hicks, Williams Duriee. ]
Lille Compfon-Postponed.
At half past l2 o'clock, on motion OF Mr..
Randolph, of Newport, the Grand Committee
adjourned to 3 o'clock, r. NJ.
afternoon. grand Committee met !
pursuant to adjournment.
/ Bank CommissiOners samuel y. Atwcll,
Jonah Titus, and Elisha r. Potter, were e.
lected Bank Commissioners for the ensuing
year. The two last in place of Mcssrs. Cur
It's aud Dorr.
The Grand Committee then rose.
The report of the Commissioners on the
Burrlville Bank, was read and accepted, and
bill in relation to tho Same was passed, ex-
tending the time for presenting claims.
Mr. Curtis resigned his situation ns one OF
the Commissioners of .hc Scituate Bank.
A bill from the Senate TO amend the Elec-'
tion laws, was concurred in. This bill au-
thorizes all Military officers reelected, To act
without taking out new commission.
! Report Of General Treasurer accepted.
Sundry accounts referred.
i. Mr. Allen introduced bill relating TO Ii
censes, Iead and referred.
4 Report of State Prison Building Commls-
| sioncrs read and accepted, and then the
1,IIouse adjourned 10 10 o'clock tomorrow
y Friday morning, May 5th.-Thc House me,
pursuant to adjournment.
n, Petition from the Newport Artillery, read,
received and referred to the Committee on
Finance.
!. The Bill relating to Licenses was further
suspended until the next session.
Mr. Allen presented a memorial OF L. a.
w. Rhodes and others, in relation to issuing
post notes by Banks, which was read and re-
= trrred to a committee of one from each 1oun-
ity, rs follows:
: Messrs Clark, DHo!E Taylor, Cransion,
+, and James.
I Mr.. Curtis called up the bill of last session,
4 in relation to the Lottery granted to the H.
/. Island Historical Society. A Report was
read from committee of the Society, stating
t the result to which the building committee
d had come, and recommending that under the
present condition Of the funds, it is inoxpc-
e dent to 90 on with building. The bill be-
G fore the House was explained by the Speak
cr, ,an advocated by Messrs. Curtis and Dorr.
2 MIR. Gideon Spencer moved that the further
Il consideration of the subject be postponed to
g the next session.
% Mr.. Clarke, from the Committee appointed
u to report on the memorial of G. Il w. Rhodes
Is and others, submitted n bill in conformity
y with the prayer of the memorialists. In IN
Is Producing this bill. Mr.. Clarke made some
q most judicous and appropriate remarks, urg'
rs ing its immediate passage. lie said that II
W was measure absolutely demanded by the
le condition of the times. Not man conver'
SAINT with trade but who felt the pressure, ,ant
as not one but who must feel it. There was IL
the business community, if the expression
ne might be INDUCED, cholera raging, and
where its desolaions might stop, no maj
as could foresec. lie trsstcd that no delu!
would be had on this important question.
he After some practical and valuable suggcs
tions from Messrs. Simmons, Spencer, AM
Curtis, the House adjourned to 3 o'clock p NJ
,I, .4ntrnoon-3 o'clock-The consideration
Z" of the Bill in relation to the issuing OF pos
3 notes, by the banks in this state. A long dis
~, y" cussion ensued. which was continued durln'
W. W. the afternoon and part Of the evening. II
u" which Messrs.. Clarke. Simmons, Curtis, Dor
3. Hazard, the Speaker, c. Allen, Titus, an
81 r. j. Hazard participated; the two last IN op
,e =, position to the passage Of the bill. 1t wa
'e finally passed by majority of l3 votes.
This bill as amended in the Senate, pro
.e vides that any Bank may issue post notes 4
,, any amount not exceeding one-fourth part q
~, w. its capital actually paid in, payable at an
=. time not exceeding one year from the pas
S,o' sage of the act, aud bearing an interest Q
VS. not less than five, nor more than six per cen
per annum, and of denomination of not les
'aS 1n than 500. Such notes may be loaned upo
',n1 promissory notes, on other obligations, pays
S"' bic ST future day certain, and to charge ft
such loaus interest at the rate Of u per ccn
na' per annum The Bank Commissioners m1
at a. a, any time prohibit the issuing OF such po
I'M notes. if in their opinion, the safety OF Il
public require it. The authority conterr'
ist- " w" - o,;l.1 h,, tho A
. in sembly.
able ue o.. .i i.,;no 90 tis 4
nm .II, C,,, 40, n,ssod III
act provides, that when any person entitled
"" the whole or to any part of any personal c
COL 'a't'. , ',e ,a' .b.,I ',.ac, Co.. G,c yenrs
!" apply for the same, such administrator M
M nav over the same TO the town Treasurer
in' The town where administration was grante
and i"I .oI" g. ,Io mso of,h. ,own mn, cnll
for by the party entitled thereto,or to the re
j., :, resentativc or representatives, and such toy
y !" shall be liable to repay the amount TO the p'
" entitled to the same.
A vote passed authorizing the Qnarterm'
lee ter General to employ watchmnn tor
states Arsenal. lie is required to report
the next session the condition and number
10Y arms in the same. -"
we're %''"e To'''.'" " - -. It,, H.
0'' provided for the redemption OF all claims
cainst the Bank which we're presented TO
lSt of April. Only Sl25o OF the bills w
&c presented previous to the time mentioned
r,,.' Between four and five thousand dollars
'"" vet in circulation. The creditors of the b;