Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1839-11-20
VOL. XII. NO. a

fSPOSS1 a. otnenQmen.
sIrIcting the stockholders in loans ~, '%
provided in the chapter on bsnLs Gaa
revised statutes; limiting them 10 ~ a
cent, OF the capital paid in. nor 10 e - p
the amount, at any Que time. Of saosSt
Amendment adopted: when Mr. M
Ian moved so 10 amend the bill ,h,, !,
issues of The bank never erce.1 ~
amount of deposits and double The A., 70
OF capital stock actually paid il. ~
amendment was accepted by M De-
point and adopted. when Mr.. Cobb
ed as amendment, requiring the p,
semi-annually 10 pay ia to The S,aen..,
ury, one half of one per cent. of Inc g.
ltal stock. In addition TO ten per Co,
the melt profits already required bv 4
bill. Bill and amendment laid NM, -
table on motion Of Mr.. Egeuon.
! HousE.-Mr. billing ham csno5
the bill compromising the committee "a
wise the laws; The blank was blle5
with "S3 $780," and the bill was ,as,,s
ResoLutiOas.-By Mr.. Hodges M Il
TO be introduced after "Wednesday No..
ing next, except BY committee; adoras
Reports Of Committees BY Com :
Ways and Means. that il is ine,na5.a
10 abolish the Office Of superinenien !,
State prison, and that the sam of ss;as
more than IN adequate compensatia, =
that officer. By General Comnias.
against bill relating 10 town clerks ami
!, was dismissed; against increasing inro5,
tees: against repeating part of aci sbs
ishlng Imprisonment for debt, AMI I'm
dismissed.
The tngrossed bill rechartering Il.
Bank of Caledonia was read a 81 i'm.
, and motion of Mr.. Gowdey TO lay II.
bill on the table for amendment, wa, =
r jecled.
Mr.. Huntington said he arose to enc,
his protest against the passage Of tbs
, bill, and OF the whole batch of miScallei
reform banks" He believed there ",
no prudent man. in the House, or el,e
where, who would invest a dollar in ,bs.
stocks; and he would venture the ms
dlcilon that all Of these charters wouIi b
thrown INTO the hands of specualio,
money borrowers. 10 be under their eE.
elusive control. No man could nisak.
the end 10 which they would come.
M. Bard opposed The bill on lbs
grounds that IL the present unsettled Stale
81 the currency OF the country i, was na
; good policy 10 increase the number q
our banks; that at present there was dan.
ger OF snblecling these banks. and all The
'nterrsis connected with Them 10 lbe in
interference. if not absolute cnO,ro,. 10,
der the threatened subtreasurv scheme.
oi the national executive.
| Mr.. Gowdry said he was ready 10 rC,
Tor bank at Caledonia county; but B,
could not vote for this bill. until some re
stric'Ion was placed upon loans to officen
aud office holders OF The bank.
Mr.. Brown replied, and the bill VA
passed-ayes l37, noes IS.
2 o'clock. P. NJ.
SENATE-Bilh-To paw Rebpn Pc.
point, aud others, committee on Rey,!
Statutes, the sum of three thousand fl.
hundred dollars, read a third lime al
passed.
Tuesdly. Nov. IL, 1882
SENATE.-B1H- Extending the ,bare
Of the Bank OF RTland, called ~ b.
MT. PIerpoinl, the question beiny ups
me adoption of The amendment prco 81
by Mr.. Cobb. requiring the banks 10 pr
into the Slate Treasury. semi-.nnul.s
one half of one per cent of The almond d
capital PAL | in. Mr.. Pierpoint o5iea,i
10 Inc amendment, unless the mover woaI
consent 10 dispense with The ten rer CO;
OF pfoh!s the Bunk WAS aIready, by he
existing charter, required 10 paw. 7,
lhiS Mr. Z. consented, and the bill 80,
amended accordingly, when Alr. McNs
~ moved to amend The bill by erasn,
an me sections oi the bill providing FRA
increase OF The Capital stock. Mr.. Coz
opposed this amendment, as calcu.atrds
Confirm the privilege of holding sock %
The present stock holders-otheis NIGH
desire to hold stock, anl should moi, o.
The principle Of equal rights, be drni4
the privilege. Mr.. Pierpoint stated lie
o"Jec: OF increasing the capital was Il
PROVIDE for cases suggested by NJ. C!h
Inc amend neht proposed by Mr.. McaL
Ian was adopted, when MIR. Cobb moTea
further 10 amend the bill by eraSing II.
18Th section of The substitute. Oppose
by Mr. Mcmillan, supported by Mr.. Per
point, and carried M. Converse moved
10 erase The lth section-motion sustain
ed. MIR. Mcmillan moved so to anenf
the 9Th section that the issues al ID line
exceed twice the amount OF the cap!S
stock paid In and of the full annual o.
The deposies. Adopted, wien Mr. STIH
moved further to amend the 9Th sediJnoI
erasing the section requiring SO PEI cra:
OF the capital stock paid in brfnr, aDy
benefit 10 be derived from the acA tie
whole amount as stated by Mr.. Ssih'
having already been paid in. MSS
Curtis and EgrHon objected 10 The amel'