Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1839-11-22

Messrs Chandler Warner ana 1igley, OPP
posed by Messrs Brown. Butler, Clark and
kinsman, and rejected. l3l TO So The bill
was then passed--ayes 1873. noes As.
MrSsark called up the bill securing bill
holders on ,he closing OF banks, and il was re-
ierred 10 The committee on banks.
Mr. Fullam called up the bill incorpora.
ting The Freehold Bank OF FeIchyiile; sun.
dry amendments were adopted, when MI
Sanborn moved TO lay the bill on the table
and make il the order for tomorrow morn.
ing he believed bank az Felch,ille un-
necessary--opposed BY Messrs Fullam and
Needham and nega,ised The bill was or.
dered to third reading. Adjourned.
Sena,e.-Mr Townsley had leave Of abb
sence from and after Thursday morning
next.
Biils-from the house, making sundry al.
terations in the militia laws. twice read and
referred 10 the committee on military affairs
to incorporate The Bank Of Poullney, twice
read and referred 10 committee on Banks
extending the chatter OF the Bank OF Rut.
land, called up aHd the amendment propos-
ed by the committee on Banks, erasing the
whole bill and ofieringa new one being un-
der consideration, Mr. Pirrpoint asked for
the reasons which had induced the com on
banks TO propose new bill Mr. Mcmillan
stated those reasons, in short. when Mr. Pier
point addressed The Senate at length. in IA.
vor ofthe original bill and against the new
one offered by the committee, especially its
private property clause.
Messrs McMillan and Curtis SPOKE in ia
xar -ff ..,,I., AZ
replied to each and The question was taken
upon the amendment proposed by The com
millee and rejected MIR Smiil renewed his
amendment upon which. ia the forenoon, he
submiuedihe following remarks: The cap
ital stock ofthe bank being all paid in, there
is no reason TO appreheud iailure, il the d.
rectofs are honest and manage The affairs Of
the bank we'll VI hoover heard Of a bank
failing wLenihe capital WAS all paid in and
the directors were faithful and prudent in
managing lis concernsl
He was for moi only securing the bill
holder, but the honest siockholder Ia ma
nv, indeed in most cases where banks ftiled.
the stockholders al large we're as innocent as
he bill holder. lis lot Uncommon for f.
males. guardians Of minors or other trustees
10 invest their money in bank stock tina, they
might be relieved from the cure of This
class and The f.nest larmers should be pro-
tecied from the wrongful act Of directors as
well as The bill holder, and 10 protect this
class be introduced the amendment and hop
edit would be adopted.
The h:il for the geological survey OF the
state was taken up and Mr. Butler moved to
dismiss it, MIR Baxter addressed the House
in support OF the bill MIR Brown expressed
himself friendly TO the measure, as scon rs
the slate OF The treasury would admit, and
proposed 10 lay The bill upon the table, with
the understanding that il should 60 over 10
the next session. Messrs SprHgue and War
ner Of Newhasen. supported the bill Mr.
Gowdey, in behalf OF the committee. said
that no objection would be maoe to the
course proposed by the gentleman from ST
Adams and The bill was laid onihe table
Mr. Merrill introduced bill repeating pan
Of school act Of 1889, which was referred to
com. on Education.
Mr. Jackson called up the bill repealing
the law relative 10 licenses TO innkeepers, SC,
and il was read The third time and laid on
the table till tomorrow morning.
y EDNESDAl, NOV Is lS39.
Senate Dank&-Mr pierpoini called IN
The bill extending the charter OF the Bank OF
Rutland. when the amendments edopt,d in
committee ofihe whole. were reported TO the
Senate, concurred in, when MIR Mcmillan
moved that the substitute as amended in com.
miltee OF The whole, be adopted instead OF the
bill. Lost. yeas 8. nays 5, when the bill
was ordered 10 be eugrossed and read third
time. Mr. Mcmillan reported the bill from
the house. rechartering the Bank OF Caledo-
MIA. without amendment, and on motion Of
Mr. Pierpoini, The bill vas laid upon the Ia.
Bile
House Resolutions by MIR Smith OF
Putney. for adjournment Of both Houses on
Monday morning next; laid on the table
BY Mr. Dillingham;, for publication OF the
appointments made BY The joint assembly !;
adopted
Reports Of Committees BY select rom.
bill repeating the license act Of 1888, which
was ordered TO 3D. reading.
ERgr0ssed Bills Extending the charter
ofihe Bank of Montpelier for ONE year.
Senate BHs--eztending the charter of
the Bank OF Rutland to January. 1858, read
a ,hild time and passed, yeas r, nays Ii !;
recharierlng abe Bank OF Caledonia, called
upbv Mr. Mcmillan. when MIR Pierpoint moy-
ed an amendment to the bill similar TO that
offered BY MIR Cobb TO the bill extending the
charter ofihe Bank of Rutland, requiring
one halfo one per cent Of ihe capital semi
annually to be paid inroihe Stale Treasury.
Adopted Mr. Townsley inquired Of The
III L "a