Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1840-10-26

provide that no individual company corpora
ton, Tin lieu of the words " stockholders, direct
ors, or other officers" shall be indebted directly
or indirectly to the bank in any amount exceeding
per cent Of the capital stock paid in. On d.
vision of the question, the House refused TO strike
out the words " stakeholder, director, or other Off
cer,' and so the whole amendment failed. MIR.
Chandler of w. moved to amend the doth section
Tor division of any surplus collected from the
bonds OF the directors, nmong the directors, in
stead OF among the stockholders adopted. MIR.
Adams of South Hero moved to strike out all the
10Th section exemptng such banks from the pay
fnent of one third of one per cent. of its profits
semi annually to the State keep their bills at par
in Boston, N. York or Troy under consideration
when the House adjourned.
SENATE.
Oct. 81. PM.
Mr.. Butler offered a resolution instructing our
Senators, and requesting our Representatives in
Congress to resist the passage of any law for es.
tablIshing national bank, which on motion of
Mr. Miner, was referred TO a select committee of
three, who were appointed 10y the chair, and made
to consist of Messrs. Miner, Butler, and Adams.
Reports of Committees. BY Mr.. Short, for SO.
lect committee on the communication OF The Ad.
olson Co. Baptist Association, for the suppression
OF iLtemperance, that the committee deem legs-
lotion on the subject ut this time inexpedleni,-
aid OH the table. by the same, for committee on
education in favor OF the bill to establish high
school at Bakersfield i laid on the table
The Senate now went into committee Of the
whole upon the bill relating TO banks, reported by
the bank committee, fcr the purpose of amending
the same, and occupied therenaining part of the
afternoon on the same, when without reporting
progress, the senate Adjourned.
HOUSE OF REPRESENTATIVES,.
THURSDAY, Oct. ~. Z. Nj.
Petitions referred OF q. w. Foster, to COM
nliltee on roads and canals
Resolutions From the Senate, for adjournment
of both Houses Tuesday next; laid Oh the table,
80 to 40.
Mr. Paul of Mddletown obtained leave of alb
sencs alter Saturday morning; and MIR. Lewis oil
Wes alter 10 morrow morning.
Bills introduced. by Mr.. Sa5in, 10 extend the
right OF trlalby jury, to iugtves from service III
other States, and providing that all wrIts 10 arrest
such fugltiyes shall be reurnabe TO the county
court, and that removal or attempt at removal
from the Slate of iugllives before trial, or in def
ance of decision Of the court, shall be consid r.
ed AS kidnapping; referred to the judiciary COM
mlilee. by MIR. Billings, TO pay Cephas Bailey
5000, referred to committee OH military affairs.
by MIR. Warren, In addition TO the militia acts, re-
ierred TO the CO nmtlee on military affairs. BY
Mr. Lance relating to the militia, referred TO ,elec;
committee on militia.
The House resumed consideration of the bill
relating 10 banks, the question being upon the
amendment to the 18th section, proposed by Mr.
Adams oil south Hero; supported by MrSanborn,
opposed by MIR. Warner OF N. aud negatved, ayes
~, noes 100 Mr.. Coolidge offered amend
ment 10 the 18th section, providing that no indi
vldua, company or corp, ration, other than stock
holders or officers shall be indebted to The bank
in Z" amount greater than Is per cent Of the cap.
ilal stock, exclusive of depo,lls-Mr. Rice OF Som
erset, moved TO strike OUT 10 and insert l0-agreed
To, IA to lO5; and the amendment OF Mr.. Cool
ldge, as til amended, was ddopled. Mr. Down
er offered All amendment to The 25lll section, rem
,lered necessary by the above which was adopted,
MIR. Cuts moved TO strike out the 4lst section
supported by Mcssrs. Cuts, Buck master, Chand-
Ter OF w. and Loveand, opposed by Messrs. San
born and Swift, and rejected, l24 10 81. Mr.. SIM
lie offered an ancIdmen rendering the stock
holders liable in their individual capacity Tor tie
redemption Of The bills of the bank, propoitoned
20 the amount Of the stock they hoL-pro, iding
that the stockholders shall be exempt from this
Quirenent, il the directors execute bonds for the
security of the bill ho. ders TO double ihe amount
OF the capital paid in rejected, ayes 81, noes rs.
Mr.. Downer moved an amendment to the 2ls,
section, striking out l2 per cent interest after the
refusal of bank to redeem its notes III gold or
silver, and requiring 10 per cent. damages 10 be
paid OH the demand and interest at The rate oil IL
per cent. per year. opposed by hessrs. Buckmas'
ter and Fullan, and rejected, lo2 to2 ADJ
SENATE.
FRIDAY, Oct. %
The military committee were discharged from
further consideration of the resolution tor redu-
cling the expenses of our militia system.
Mr.. Eaton of Washington CO. introduced bill
to pay Moses l.. Church the sum, &c. read twice
and referred to committee of claims.
Reports. BY Mr. Short, for committee on edu-
cation, against the resolution 10 prevent all but reg
ulnr ply slcans from recovering their fees
by Mr.. Norton, for committee on finance IN ia
vor Of the bill to pay Tor military services OH the
northern frontier, laid Oh the tube. BY Mr.. Bot
tum, for committee on roads and canals, against
The resolution for reducing the tolls Oh Wnooski
turnpike,
The engrossed bill to provide Tor notice before
indictment of high ways was taken up, opposed
by Alessrs. Eaton of FIR. and Wooster, supported
by Mr. Dana, and passed, yeas l6, nays IL. Adj.
HOUSE OF REPRESENTATIVES
Prayer by Rev Mr.. Harding.
The treasurer communicate ted n detailed report
on the state of the school fund, from which il
seems the present amount of tie fund, including
interest up TO Oct. l9, 1S46, is S149,l35 81
Mr. Walker of Thetford obtained leave of alb
sence after tomorrow morning
Petitions referred. For tax on Washington Co..
10 build u court house, to members from the coun-
ty; Of J. Battey and 255 others, to Judiciary com
mittee; of Vermont anti slavery society, relative
10 extension of trial by jury in cases OF fugitives
from service, TO same committee; of John Gid
den, to General committee,
Bills introduced. BY Mr.. Hodges, from com
mtee OF ways and means, making appropriations
for support of government,-as a tax OF
three cents on the list OF 1910 for state treasury
authorizing the treasurer to borrow not exceeding
$4,000 severally ordered to a second reading.
Reports. by general committee, bill repeating
ODD sec. 18th chip. revised statutes.
The Senate carle IN, and both houses met in
joint assembly to make county appointments mr
knsman moved TO adjourn TO Tomorrow morn
ing, 10 o'clock; opposed by Messrs. Wells aud
Billings, and negatived report from the coun.
~ convention OF Washington was presented, from
which il seems that The convention were tied OIL
all The county officers, save justices Of The peace
when Mr.. Rice oil Somerset moved to recomm
il-opposed by Messr,. Wells and Billings, sup.