The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1837-06-28
RHODE-isLAND REPUBLICAN, 2s, 1897.

} ing controlling portion OF the stock oil
said Company are proprietors, have contra
vened the intention Of the General Assem-
} bly, and departed from the spirit of their
;. charter of incorporation.
Resolved, That the Secretary of State
be requested To- cause a copy Of this Act to
! be served on the Treasurer of the Boston
and Providence Railroad and Transporta-
ton Co. without delay, after the rising Of
the General Assembly.
At one O'Clock, the House adjourned.
SATURDAY Aferaoon-The House pro-
ceeded TO business.
The act relating to Banks, IA part Of
which was published in our account of
Thursdays proceedings,) was introducedby
the Speaker, with four additional sections.
Mr.. Curtis moved that for the present the
bill lie on the table, which was agreed to
on the ground that Report was momen-
tarily EXPECTED from the Committee on the
Cumberland memorial.
The act introduced by Mr.. Curtis in re-
lntion to the manner ofchaIlengng votes OF
freemen, was passed.
The act fixing an earlier day for the el-
ection Of members Of Congress and Of
members to the October session of the Cen
eral Assembly, introduced by Mr. Curtis was
advocated by Messrs. Simmons, Curtis,
Cranston and others, and opposed by Messrs.
Titus, James and c. Allen. The act as
amended by the Senate, provides that the
election shall be held on the last Tuesday
in August-the same day as was before APP
pointed by law.
An act was passed suspsnding the Lii
cense Law until the next session.
THE BANKS.
Mr. Hazard from the Committee to whom
was referred the Cumberland memorial,
and all matters relating TO Banks, made re-
port accompanied by bill. This bill gave
rise to a long and animated discussion, in
which the prominent speaker on both sides
participated. The Honse was engaged on
the subject until past one o'clock Sunday |
morning. The following is the Act passed.
AN ACT IN RELATION TO BANKS.
An Act in addition to the several acts |
regulating the Banks in the State, and for
other purposes.
BE it enacted by the General Assembly
as follows:
Section |. IN all suits in which any bank
for the collection of money is brought by I
said bank, the Court rendering judgment in
favor of the plaintiff, shall, in case said
Judgment is rendered by the defendants de-
fault, allow no cost to he taxed against the /
defendant; and in any suit against any
bank in this State, brought before any JUS
ticc Of the Peace, no cost shall be recorded
against the defendant. Aud in no case nj
any term of any Court in this State, shall
cost be allowed against any bank, on more
than one suit which shall be commenced |
against said bank, by the same plaintiff or
plaintiffs, after the passage of this net, but
said actions shall be consolidated, and but
one cost taxed, and that the provisions of
this section shall continue in force until the
first day of December next.
Sec. 2. During The continuance of the
suspension Gf specie pay mcnts by the banks
each bank shall be and hereby is required
TO receive in deposit its own bills and allow
therefor an interest of per cent per an
mum, during the time Of such deposit:
Provided the sum deposited shall not be by
my one person less than five dollars, aud
he time of deposit shall not be less than two
months.
Sec. 3. If any cashier or other officer of
my Bank shall refuse to permit any stock
holder OF such bunk To Inspect the books,
,apers aud accounts thereof, excepting the
private accounts of individuals, the person {
70 offending shall be deemed to have viola
ed his oath of office, and moreover liable I,
o a fine not exceeding fifty dollars, to be I
eceived in an action OF tho case before my |
court of competent jurisdiction. One half l
# such fine to be for the use of the State, l
nd the other half TO and for the use cf the 7
omplaining stakeholder.
Sec. 4. Hereafter, the presence and con- !
ent of at least three Directors shall be nec- /
ssary for the dscoun,ing of notes or bills of s
xchange by any bank. S
Sec 5. The citation required to be issued =,
, case Of application for an Injunction
gailst any Bank, may be signed by any
nc Justice Of the Supreme Judicial Court, v
nd may be served by leaving an at,csted a
npy thereof with the Cashier or any other o.
Iiicer of said bank at their banking room, G.
: usual place ofbusiness; aud any Justice ID
said Court, to whom application may be 20
ade 10y the Bank Commissioners, shall l.
I'VE power. upon cause shown, 10 grant a p'
mporary injunction to stop the proceed ~
gs Of any bank, until hearing can be had
manner provided by law.
Sec. q. The Bank Commissioners shall
we power to require in written returns
nm any bank, rs full information as they =
Q now authorized to obtain by personal
animation. re
Sec. Z. Whenever an injunction shall be tn
ued against any bank by the competent ,e,
thority, all suits and legal process what