Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1839-11-20

VI CouegeS from mHltafY Quty. Mr..
Marsh moved to amend the amendment
by exempting students of colleges also
Motion debated by Mr. Swift. and Eaton.
opposed by Mr.. Townsley, and lost. The
amendment proposed by the committee,
eraslng six cents per mile for travel at
drills, and court marlials allowing three
dollars per day as compensation, for drill
officers, and one dollar per day for attend
ance upon court martials, after much de-
bate was adopted the amendment requir.
ing drills but once in two years, instead of
annually, and exemping inhabitants of
small towns from certain military duty,
were passed over, when Mr.. Pierpoint
moved to strike out the four first sections
of the bill. The object Of this motion. as
stated by the mover, was to avoid all in
reference with the late organization of
the militia by the law of 1886, and the
compelling the Judges of the Supreme
Court to do military duty. Motion lost,
when Mr.. Adams moved to erase the Sec
ton providing for the payment Of attend
ance upon courts martial, out of the State
Treasury. II appeared. from statements
of Senators that about 200 courts martial
would annually be held in the State, en-
bracing some fifty or hundred attendants
upon each, swelling the tax upon the
Treasury TO an amount far beyond the
benefits derived, either by the militia or
the community. Motion lost, when Mr..
Pierpoint moved to strike out the 9th
chapter which provides for regimental
courts martial. Motion prevailed, when
Mr. Converse moved that the bill be laid
upon the table, assuring the Senate, if the
bill was so laid he would prepare an
amendment, dispensing with all mus.ers
and useless and unmeaning ceremonies,
and providing for the annua! examination
OF arms, equipments, and drill of officers,
and before the question was taken, the
Senate adjourned.
| HOUSEHOLDS introduced-By Mr..
| Wheeler, Incorporating the bank Of Mont
pelier, which was referred TO the commit
lee on Banks. [rhis bill differs from 9TH
ers, and it is understood to be in such
shape as will warrant the taking up ofthe
sock. lis main provisions are lst rs
per cent. of capital stock to be paid in spe-
Gle before the bank goes into operation !;
ID, the debts Of the bank never to exceed
the amount of deposites and twice the
amount of capital stock paid in; Sd, the
directors to give bonds, with sureties,
equal in the aggregate to the capital stock,
10 be holden first for the security of bill
holders and next of the stock holders -
4th, directors and stockholders never to be
indebted to the bank in sum exceeding
$1,000; 9Th. on suspension of specie pay
'nent, bill holders entitled to IL per cent
i interest on bills, and the Supreme Cour
empowered to vacatr the charter; 9th, the
act 10 go into operation within one year
( 7th, the bank to be under the operation o
/ the act of 1881
, Reports IF Committees-By select com
$ bill repeating the license act of 1888
4 which was ordered to a third reading.
Eagrossed B;tS-Extending the char
q ter of the Bank of Montpelier for one year
e relating to high ways-passed; relatin
D. to the militia in the town Of Goshen-afte
ID discussion bv Messrs. Butler, Needhan
L Warner Of Newbaven, Knapp, and OIL
d, ers, laid on the table
- o'clock. p M.
SENATE BuLs-extending the charte
Of Of the Bank of Rutland to January, 1885
or read third time and passed, yeas l.
IS NAYS Ii; re-chartering the Bank of Ca
Ir. edonia, called up Mr.. Mcmillan, wht
he Mr.. Pierpoint moved an amendment
IS the bill, similar to that offered By NJ
he Cobb to the bill extending the charter
ID the Bank of Rutland, requiring one BIZ
So of one per cent. Of the capital semiann
of ally to be paid into the State I'reasur
W. Adopted. Mr. Townsey inquired of t
nat chairman Of the committee on banks,
rse the stockholders We're restricted TO IA r
Id cent. as to loans. The chairman answ,
ed that the stockholders were not so
III stricted He should not object to a p
Tee vision of that kind. Mr. Townsley tn
moved that the bill be so amended as
ing restrict The stockholders and officers
,rs, the bank as to loans, as in the bill rech
and ,ering the Bank of Rutland Anne
g. mpnt adopted. Mr.. Mcmillan moved /
!. the words IN specie relating to cap
ters stock paid in, be erased. .&mendn
re- adopted. The several amendments ad,
s of ed in committee Of the whole, were
tate ported TO the Senate. and concurred
,tate when the Senate went into join, Assem-
Y of returned, and the bill was read tt
the time and passed.
wifi THURSDAY, 2 o'clock, p. N
Q SENArE-Bius Extending the 81
nee, ter OF the Bank of Montpelier. one y
npe- reported BY Mr.. Converse, read a t
for time. AMI passed; revving an act, la.
Ipor- tax on lands in Jay, reported by
lion, Marsh. with a proposal of amendn
iples which was adopted. and the bill Was
had lhirl time and used
Ice o HOUSE, REFUSED Statutes. -Chs