The voice of freedom. [volume] (Montpelier, Vt.) 1839-1848, 1839-11-09

exceed $1,000 at any one time, nor the aggrega'
n of his Indebtedness TO such bank at any time e.
n coed $4,000; nor shall any other person, either .
a principal or surety be indebted to such bank tc
s discount 10 greater sum than five thousand do
e lars"
S Mr. Partridge moved to amend the amendmen
:, by striking out" $1,000" and inserting $500.
Il Mr. z supported the amedment, followed b
: Messrs Brown and Sprague, against the originu
> resolution and all the amendments.
Mr.. Jackson moved to dismiss the whole sub
$ Ject. MIR Partridge opposed this motion, and tool
! occasion to hint that the party with whom he hat
S usually acted seemed TO have entirely forgotten
their pledges 10 the people on bauk reform. Mr.
f Fairbanks sustained the principle of restricting
loans TO directors and stockholders but assened Il
the rejection OF the resolution on the ground tina
this measure of reform" was already incorpora
ted into the general banking law, passed at the
last session.
The chair here decided that the question, on the
amendment to the amendment was first in order
the amendment to the amendment was then re.
ected and MIR. Jackson moved to dismiss the
original resolution, Mr. Miner opposed the motion
and took the general ground that the security on
bond and mortgage, which was the one now adop-
ted by the House, was insufficient; it had failed
in Michigan, and would probably here, of accom-
plishng the intended purpose. That provision
did not reach the danger which ought to be re-
moved, viz, the monopolizing OF the loans of the
banks by q few directors or stockholders-the very
thing which has been the cause of every bank
failure in New England for the last ten years
| Mr.. Butler replied that the principle of this
amendment was alread incorporated into the gen
era banking law.
Mr. Miner explained provision was indeed
in the act in addition TO the safety fund ACT but it
was now proposed to- release banks, hereafter char
tered, from that act.
The question was then put: ayes 1870, noes IS,
so the resolution was dismissed.
MIR Hayward of Addison requested the liberty
here to state TO the House that he understood that
the minority report just disposed Of, was asscnted
to but by one OF the minority.
Mr. Smith of P. said there must be misunder-
standing in the matter he understood that both
of the minority assented to the general principles
of the report.
The Governor, by message, Informed the House
of sundry vacancies TO be filed occasioned by the
resignation of John Walker, as Jail commissioner
for Lamoille county; and of Major General Fran
els E. Phelps, and Brig. Generals Jacob Wash
burn and p. II. Kimba
The bill reported blythe com. on Military AZ
fairs was made the order Of the day for Monday
morning next.
Mr. Hayward of Salisbury and Mr. Hewss of
Glastonbury obtained leave of absence after to-
morrow morning. Adj
FRIDAY 2 o'clock P NJ.
SENATE.
BW.-From the House, for the relief of Samuel
Slmonds reported by Mr. Cobb, read third time
and passed.
BW.-Exending ansact laying a tax on lands
in Granville, read third time and passed. Adj.
SATURDAY, 9, 1889.
SENATE.
Prayer by the chaplain.
BaLs.-From tie House, TO pay Augustine
Clark for services, and for counterfeit money, re-
ceived when he was Treasurer, read a third time
and passed.
Mr. Foster called up the bill, authorizing Bank
ing associations, and moved that 500 copies be Or
dered to be printed. Motion carried, yeas Is,
naysS. Adj.
HOUSE.
Prayer by Rev. S. Kellogg
MIR Garfield of Arlington, obtained leave Of abb
sence after Monday next.
RcSolutions.-By Mr. Harris, booming Glasten-
bury in the sum OF $500-rued out Of order by
the chair BY Mr. Lynde, for meeting of the
House after Tuesday next at half past s A. NJ
rejected.
The Senate returned the bill annexing part of
Orwell to Whiting with an amendment, which
was concurred in:
Mr. Stark called up the bill for securing bill hold
ars on the closing of banks, and it was made the
special order for Tuesday morning.
The General Committee requested to be dis
charged from further consideration ofthe bill re-
atng to salaries of certain olficers-graned, and
The bill dismissed.
Mr.. Butler called up the bill abolishng capital
punishment, and supported it in an argument at
ength, denying both the right and expediency of
punishment by death.
Mr.. Warner of Newhaven, followed in spirit
I'd speech in support of the bill. mainly upon the
grounds ofexpediency; urging that the experience
Of all time had proved that capital punishment had
not operated to deter from the commission of out
rageous crimes, while on the other hand the Sc
verify of the punishment, and the adherence with
which it is viewed by the public, had frequently
prevented jurors from convicting criminals unqes-
ionably guilty the result being that the guilty
escaped, and the security to the community, which
was one object of punishment, utterly failed
Messrs. Dillingham; Brown and Fairbanks also
participated in the debate, the former for and the
Al.