The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1839-11-19

the heirs now comes the failure of the bank
What are your bonds in that case worth Not
fraction. The heirs would be holden, and
they would consider themselves as doing Hou SET
vice in resisting all liability upon the bonds Mr.
c. spoke at length, in presenting his views OF me
insecurity of bonds. MIR Mcmillan replied to Mr.
& and said the insecurity Of bonds was provided Tor
in other sections of the ill. The sections were
read by the chair when Air Converse flushed ms
remarks, and the umcudn ent, offered by MI foS'
ter, was adopted Mr. Swift then pro Posea al d.
mcndmcnt, relating TO the bonds, Of directors, re-
curing the execution of bonds, secured by resi-
denis Of this state not stockholders; or by mortgage
Mr. Pierpoin, said he had no objection TO me pro-
posed amendment, and it was adopted un"nl
mUuslv. ~
Dnnrs Xii cxtrndiug charter OF bunk of Monpel-
! i.r one vonr Bv committo Military Afn'rS
hitl to furnish field piece 10 the LFst oI'llery coz"
pony, 18th regt; hill TO provide Tor payment ~,
certnin military services on the northern ltohuci
in 1899 BIN relating TO the militia touchins IN
inbllanrs o. Goshcn,) all ordered TO thFd read
| log ; ,L, !,
law Incornorating the Bank Of Pouitncy-M'
,I.rnev nuy cd an am endmGnt limiting loans 10 OIL
rcctors and Stockholders, which was suPporle" U!
! Mr. Chandler opposed by Messrs DlilinHhtm, uu'
r,i.rl,t l2I 10 "a Mr. Cleveland moved 10 re-
,,IS;ra ,be stock TO be taken up within one year,
The charter to be forfeited, which was rejected 3
and tive question required the passage OF th'
bill. e., , -,
.h tI iii ia sn;d he was opposud to any increase
of banking capi,al under the present cWcums1an
ces Of The currency. 1t was true, ne hao Its'1i
day voted for rechartcr VI the i,ahN o, Nuctuo
mia but il was not that he was disposed 70 laVo
,,,a ,,,rt M rho state more than another he voice
for the extension Of that charter, Tor me Fens"
that bank was needed in that section OF the s'ao
~" ",, n I,y ,IoUosed was an experiment
which he ,Sns willing should be tried. He did no
Wnc" Nv ~ ~ ' E,,,n7 to uo farther until this ex
. "'e." u" Wv" c,;,I,, ,o.,Ed None were cntre
le',.','". wa" ,!!o,.,s ,,f this exnerincut thcr
w. Ma orn,,II TO fear that stock would b
N'' I, -, = IRRESPONSIBLE bands or place
oi'er ,rnI nc Inn y very few CAPITALISTS Br
nnour ,"p 'h, hc tbn result prodence dictate
" I hn'so L,,IJ lvoIl and see by whom III
s'"rL - ,nI<nn. and whether the scheme worke
hannfri,II, for the ,locI holders and the public
A. N,r1nr t,nk a similar view, and protesie
oonnst nIiina to lie PAPER circulation in that soc
ti99n az the site
. Mr NeodIam ,I.iainrd the bill three banks !
r pnIlond couuiy vrlcas much needed as two /
RI SJI;n,
NJ Sonborr opposed the bill Much had bee
, ,iI ,,, mist ,cnr upon "bnuk reform,' and h
constiiuen,s bglicvrd that one Of the first meosur,
! I ~, 6 r,n was TO grant no more bank iaci'
, Wv. ;, ,,Toro ,hcrr vcrr enough and more tina
, .'.s t at,a,J,
'"'''s''' 2oclock, P Nj.
SENATE BWs-ExtcuGing the charter
L pt nt Rutland called up and the amend
VIC r,I Ly Tho committee on Banks, erasu
. n rJI i;II o3L ntTrriur Il new one being uud
nv ' I;n Mr. p;nrnni,i asked for the reason
, ;l,,ncL ,h. com, on backs to propu,
',,,, LII Mr Mcmillan stated those reasons.
v nv" uIi H. pinrnolnt addressed the. Senate
lS"'''; ~" c - do ,r;gir,l hill and against Il
"oW onu mcNIill1n and Curtis spoke in favour
t W osSas ',a,', ,,hcn Mir Pierpnint replied
u 'mo "',' od thn QUESTION was taken upon the
,'o" i ",, ,,0,nleI Inv the committee and rejeC
= monument p''f'
uor,s,. Pc,;s,d SyItyfeS-- Chapters passed..
. eS ~ ., prutIuctlun % sf X 90 of1ImIt
T. lion OF real and personal actions &c 80 Of i
o MEMORIES and coecuon of effects of deceased pc
@ sons 80 of reudelu1 accounts by ad ADMINISTRATORS 4
- Of fhe ammo intr1en; Of trustees Of minors 4,
II. G5 Of guard ians and wards So of land taxes
, innuost of the dead 90 of vessels navigating IaE
/ Champlaiu AZ of administration of estate Of il
f ,eslates So of public lands 66 of masters apprcr
tees servants 81 of common law. IA of VILLAGE
, ( IA OF county nrouc.tv 6 and 7 of sont of ooyGr
n,snt. 5 nC 1romuleation Of the statutes and levi
Iatve Journals. Of applications 70 the general ~