Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1839-11-20

"a that case WVhh 49, '"S''NA.' az
s.;,s would not be holden, and they would
nsns;ler themselves as doing God service
rssisting all liability upon the bonds
y, ~, @ spoke at length. in presenting his
S;a,vs Of the insecurity of bonds. Mr..
W,MiIIan replied to MIR. c. and said the
in"ssruritv Of bonds was provided for in
D.bsr sections Of The bill. The sections
.sre read BY the chair, when Mr.. Con-
.srso finished his remarks, and the am
'sdmept. offered by MIR. Foster, was ad-
.r,od. Mr.. Swift proposed an amend
Iont relating to the bonds, of directors,
.oon,ring the execution of bonds, secured
~ ,esidents of this state not stockholders,
:; bv Mortgage. Mr.. Pierpoint said he !
S,d no objection 10 the proposed amend
no. an ] il was adopted unanimously.
HousE.-Engrossed BilLs-Incorpor-
.,;oo The Bank of Poultney-Mr. Ten
' moved an amendment limiting loans
:" directors and stockholders, which was
.nooored by Mr.. Chandler, opposed by |
Mrssrs. Dillingham;, and rejected, lei to
"a. Mr.. Sanborn moved an amendment
,ecu;riug a tax of one half of one per
cen, vf the capital stock to be paid in
IN the STATE treasury, which was opposed
by Messrs Fulam and Butler and reject
ed. Mr. Cleveland moved to require the
sock TO be taken up within one year, or
The charter 10 be forfeited, which was re.
iecied AMI the question required on the
passage Of the bill.
Mr.. Fisk Of Watervile. opposed the
ulss,ge Of the bill. He said he was op-
posed 10 any increase OF banking capital
under the present circumstances OF the
currency. Il was true, be had yesterday
voed for q recharter of the Bank Of Cal
,Ionia but il was not, that he was dis
pO:ed to favor one part of the state more
han another: he voted for the extension
81 that charter, for the reason that bank
vas needed in that section Of the state -
md also for the additional reason that The
scheme Of blnking now proposed was an
Experiment., which he was willing should
be tried He did not deem il safe howev-
er TO 20 farther until this experiment was
iirly tested. None were entirely conf
leut Of the success Of this experiment -
here was reasonable ground to fear that
sosk would be either thrown into ire
'ponslble hands, or placed under the con
loI Of bu, very few capitalists. But
whatever might be the result, prudence
dictated that the House shoald wait and
see BY whom the stock is taken. and
Nwhefher the scheme worked beneficlally
or toe stockholders and the public.
AIr. Warner took a similar view, and
(. protested against adding to the paper cir
uIaan in that section of the state.
3 MI. Needham sustained the bill: three
. auks in Rutland county were as much
!. leeied as two in Addison.
. Nj. Sanborn opposed the bill. Mach
ai been said the past year upon bank
4 eiorm,' and his constituents believed that
ne Of the first measures towards reform
Fis 10 grant no more bank facilities
:. Vhere there were enough, and more than
a aOugh, already.
e M Brown supported the bill. when
a M. Chandler renewed substantially th'
holion of Mr.. Cleveland to omend-sup
oded py Messrs. Chandler, Warner an
), lialev, opposed by Messrs. Brown, But
y ~, Clark Ind Kinsman, and rejected
= b3l 10 so. The bill was then passed
4 hyes 1873, noes As
> The bill for the geological survey {
!. be Safe was taken up, AMI MIR. Bulle
+ bowed to dismiss il, Mr. Baxter address
/ the House in support OF the bill. M
4 Blown expressed himself friendly to h
/, measure, as soon as the stase Of the trea
= ury would admit. and proposed TO lay II
. bill upon the table, with the understan
!, ag that il should go over to the next SEES
/. on Messrs, Sprague and Warner
o Newhaven, supported the BILL Mr.. CO.
n Hey, in behalf of the committee, said tn
i. no objection would be made to the cour
10 proposed by the gentleman from 81. A
10 pms; and the bill was laid on the table
M The memorial of JOS. Case and o.
m Hs was referred 20 the select commit
I'd falsed on the subject Of moral reform.
he Mr. Jackson called up the bill repeali
10 he law relative to licenses to innkeepe
h &c.. and il was read the third time a
IL. lald on the table ill tomorrow mornin.
ed Wednesday, Nov. 10
mo SENATE-Recised Stdtutes-Chapt
,ed y, q, %, and l04. were severallv
er. 'u'ned from the house with proposal:
,ed amendment 10 each, IN which the Sen
in Ieso We'd u concur in; chap. l04, OF s.
nd rnsOn, giving the chaplain salary
ne sSiOO' ms cad Of $500, as passed by
tsl Ovnale, debate ensued, By Messrs s.
Of aNd Townsley, the latter advocating
,ift 0nconcurrence. the former concurrel
by W the reason that no chaplain OF con
ant gov qualifications could be obtained
ny eSOO Besides, SAID Mr. S. the i'm
he ance Of moral and intellectual instruct
,ih, "d the influence Of religious nrinci
srs o'l'lled into The minds Of the convicts
nd. %en found by experience, 10 produ