Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1839-11-15

tier. with It's present provisions. would have
that effect he must vote against its passage.
Although ne had always been opposed TO
the chartering OF banks. he was not now pre-
pared 10 annihilate them. He preferred a
gradual reduction. He approved the main
principles ofthe chapter; that believing no
body Of men could be found willing to ac-
crpt Of ascharteI under lis provisions. he
must record his vote against il. Messrs
Converse, Cobb. Curtis, Eaton, Picrpoint
and others participated in a spirited discuss
ion ofsome length.
SATURDAY, Nov 9. 1885,
Senate.- Bills Mr. Iownsley called up
the bill establishing IN institution OF savings
at Brauleboro. when Mr. Swift proposed an
amendment, OF rrasing the clause empower.
ing the corporation 10 hold real estate in
buildings. other than as security for debts !;
amendment adopted, and the bill passed TO
be rngrossrd yeas %. nays g.
The resolution Of Mr. Partridge. that !, is
xpedirn, to charter or rrchsrirr any banks
al the present session. together with sundry
amendments, on motion Of Mr. Dillingham;
was dismissed.
Bank Bills u echaT,ering the Bank Of
Caledonia Mr. Maiiocks moved an am, nd.
men, that the debts Of said bank shall not
exceed the amount Of deposites in specie to-
g,ther with tw Ice the amount Of the capital
stock paid ia agreed to and nfier one or
two unimpornnt amendments. th. bill wus
ordered 10 81 reading.
The bill for dividing the income upon The
public money (surpus rrvrnue) bring under
consideration. an amendment rs offered for
dividing one halfvqually among the districts,
and one half according TO the number Of
scholars adopted. LOG to 81.
MONDAY. Nov. IL. 1899.
Senate. - Resolution by MIR. Eaton.
providing that the General Assembly nd.
journ without day on Friday November Is.
Mr.. Eaton said that his object in presenting
the resolution. was TO hasten n preparation
Tor adIonrnm~ns. end prarnrs ihr repairs
oil committees. He inquired Of The chair
II the committee appointed upon The failure
OF the Essex and Windsor Banks had
made report The chair replied that no Ic.
por bad been received. The resolution
was laid upon the table
BW-lncorpora,ing an institution Of
savings, at Binttlrboro, read third time
und passed:
House.--Mr Dillingham; called Up the
bill compcnsa.ing the rommi,,re to revise
the laws the blank was filled up With 49,
500" and the bill was passed.
The engrossrd bill rrcharcring the Bank
al Caledonia was read Sd time. and u
mutton Of Mr. Gowdry to lay the bill upon
the table ior amendment. was rejected.
Mr. Huntington said be arose TO enter bis
protest against the passage o! this bill. aud
OF the whoir batch OF iniscalsd reform
banks" He believed there was no prudent
man. in the HOUSE. or elsewhere, who
would invest dollar in these stocks; and
he would venture the prediction that all Of
these charters wonld be thrown into the
hands ofsprculaiing money borrowers. 10
De under their rsclrsive con,rol No man
could mistake the end TO which they would
come
MIR Bard opposed the BILL on the grounds
iha, 10 the present unsettled state of the cur.
rrncy Of the country il was not good policy
10 INCREASE the number Of our banks; that
nj present there WAS danger OF snbirctinp
thrse banks. and all the interests connected
with them. 10 the interference. limo, absolute
control. under the Threatened sub,rcasury
schen'r Of the national executive.
MIR. Gowdey said he was ready 10 vote
for bank at Caledonia county; but he
could not vote Tor this bill. until some res
friction was placed upon loans 10 officers
and office holders OF the bank.
Mr. Brown replied, and the bill was pas
sed--ayes 1877, noes rs
BHs.-felaiine TO common schools, pro.
vIding that one half of.he proceeds OF the
surplus revenue shall be divided equally
among The districts, the other hall according
TO the number Of scholars twice read and
referred 10 committee;
~ m,raeMoss Escape from Dean.-T The