The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1839-01-23


Of bank. A remoDsirance was presented a.
gainst The prayer Of the pelI''"n' and the
trial occupied n considerable time. Du-
ring its progress, Judge Howard, the Cash
Ter. stated that the Bank, winch has been
in opernlion since 1918, had made d'i-
dends averaging 6 l-2 per cent. per nnnun''
and had lost, on bad paper, only S4o %
and $50 of that, on forged paper. The
capital is e25 200.
Afle, much discussion and argument, the
PRAYER of the petition was laid on the table
/ Juesday next was assigned 10 take up
,he report Of the Charlestown contested
/ election.
Adjourned to 10 o'clock, tomorrow
morning.
FnIpAY, JAN. IS, ls30-morning.
On motion Of Mr.. Stead, the memorial ol
Caleb Earl, ct al, relative to city charter
was taken up and referred TO Messrs. Cur
ris, Randolph, and Chace.
Sundry petitions were received and com
milted, on the subjects of The license laws
anti-slayery, &c.
Mr.. Smith presented an net to auihonsf
free banking. Read once by It's title, and
laid on The table.
Ia the presence of the Governor aud Sen
ate, the House proceeded IN the trial o'
private petitions on the docket.
Petitions Of Cranston Bank, continued
ill afternoon.
From the Providence Courier.
AFTERNOON net for the disposition
Of the States portion Of the surplus he'en-
ne came down from the Senate concuneo'
with amendments. The amendments au-
thorise the loan Of money returned or WIN
drawn from banks, to be loaned to towns
or cities, if requested, in proportion TO pop
ulation, at an interest OF D per cent. per
aunum, payable annually in the month OF
Npril; and giving leave to employ 'he
incipal for purposes of education, on SUI
mt bonds being given for repayment
.,' required. There are some other
,iial provisions, by way of guard g.
pss.
.. authorising the weekly visits to
.. -I Prison, to be made by one inspee-
. .. he Senate-Read and concurred.
Act submitted by Mr.. Smith, in the
.rning, was read a second time. 4 This
bill contains thirty-lhree sections, and IFS
provisions are so numerous as to prevent US
from giving an abstract Of it this morning.
The principal features Of the act, are, those
which aulhorise voluntary associations for
free banking, on the basis of real estate and
public stocks, aud numerous PROVISIONS 10
regulate the business, to prevent frauds, and
imposiiions on the public and on indiSd-
uais. On motion of Mr.. Smith, the bill
was referred to select committee, consist
ing of Messrs. Cranston, Clark of Prov
Smith, f. II. Potter aud Simmons.
( 4 communication was received from,
eres,ioS cree iS'sff"s 81 SewGos, Tsqaesiag II.
memory Of Com. Oliver II. Perry, to cos
not exceeding $500. On motion of Mr.
Crans,on, laid on the table.
! The Governor aud Senate came in b,
invitation, aud the trial of private petition.
on the docket was resumed.
After which the House adIourned unit
Monday afternoon.
MONDAY Jan. 81, 3 O'Clock r. NJ
The House met according to adjourn
ment-A quorum prcseni-The Speaker
in The Chair.
Resolutions passed in conformity will
prayers ofpetitions granted 10 Joseph Ash
ley, William Lee, William Sherman.
Act for the relief Of partners aud join
debtors, ns amended and reported by III,
Committee on the Judiciary, was rend
The amendments were adopted and ih,
hill, after some discussion, passed.
The act provides, that, in all copnrtner
ship debts, the creditor may compound will
any partner, by receiving the whole or an,
part of his proportion of debt, and give hin
full discharge from liability for his pro
portion aud the same provision extends t,
joint debtors.
Adjourned to 10 o'clock Tuesday morn
ing.