The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1840-01-29
RHODE. ISLAND LEGISLATURE.
JANUARY SESSION.

The Militia law was called up by Mr.. Now
ry and, on his motion, committed TO Messrs.
ii. Clarke, Holden. and Mowry.
Mr.. Bosworth presented an act in amendment
Of an act for the registry of births. marriage,
&c.-Laid IN tho table.
Petition Of Henderson, Inches, Boston. for
payment Of state certificate, portion Of old
State Dsbt-Refened.
Mr.. B. Hazard moved reference Of the sub
jeet Of the old State Debt. TO the Judiciary
Committee, with instructions TO report on the
expedieucy OF making disposition Of IL. and
the best mode &c. The motion was adopted.
AFTERNOON.
Petition Of Israel G. Manchester, guardian,
for sale of estate-grsnted.
Act presented by Mr.. Holden, relative to
premiums taken by banks on exchanges, he
fore reported taken up. amended. and referred
TO Messrs. Whippls, Of Providence, Robbins
and Holden.
The act provides for the reimbursement Of all
such premiums taken during the late suspen-
sion Of specie payments.
The bill WAS advocated by Messrs Randolph,
Holden. Simmons, and J. II. Clarke and OPP
posed by Mr. Whipple, of Providence. as an
unconstitutional act.
Mr.. IVhipple thought the banks were too
sharp.
ts
their charters alone, have the privilege Of issu-
ing bills as currency and we could at any time
pro bibi, them the depression Of bills was the
consequence OF their own act and they ought
not TO take advantage Of il.
Mr.. WhippLe thought he suspension clearly
illegal and unnecessary, and he wdS opposed 10
he ialo sanetoning IL, but the taking the pre-
MUM was legal, and we had no right to take
away the privileges Of the banks for doing le-
gal act ought we to pass an act in October le-
gaLizing he illegal acts Of the banks, and then
in January TO take away their charters If they
dont pay back the pro6s Of an act clearly. legal.
Mr.. Randolph supported the Bill.
Mr.. Simmons was in favor of the act. BY
allowing The banks To issue bills we delegate to
them one Of The attributes Of sovereignty. TO w.t.
that OF exercising a control orer the currency |;
this delegated power we can retract and il the
banks, by charging seven per cent. for the e1-
change of other bills for their own, or by any
other act opposed The best interests Of The coun-
try. il was perfectly proper that we should take
back thar power until they seturned 10 their le-
sitimate pursuits.
There was lengthy debate on the question (;
the friends of tho bill. demanding its passage on
the ground Of proprety. expediency, justice,
and legality.
Mem. offered By Mr.. T. II. Hazard, against
isr-Read, received, and referred.
Adjourned to Wednesday 10 o'clock A. NJ.
WEDNESDAY, Jan. %.
Act providing that the poor debtors oath
shall be administered free Of expense-read a
second time and passed.
The finance committee reported on rcsolu-
Ton of January, 1889. on accounts due from
the State TO the Banks--amount about $35, 900.
The committee recommended resolution on
The subject, directing the Treasurer to pay into
the Globe Bank, that portion Of thc surplus re-
venue returned, as fas, as il may come into his
hands, and TO pay the interest on the debt due
the Globe Bank punctually. Laid on the Ia
ble
Act relative to tIust estates (before reported
read second time. and discussed at length. |
Ii was finally ordered TO be printed, and made
The order ofthe day for tomorrow.
Act presented by Mr.. Blake, in amendment
OF acts regulating Banks providing for penalty
in the form Of interest, on all bills whic h banks
may refuse to redeem in specie on densnd.-
Read once.
Resolution to empower the New York, Prov
idence aad Boston Rail Road Company, to add
100000 to their capital stock. and TO own and |
run steamboats,. The resolution was reduced 4
10 the form Of a bill. and its general merits dis
eussed.
Ii was finally committed 70 Messrs Whipple, |,
Of Providence. Blake and Jackson.
The committee OH the act relative to prcmi-
ums taken by bank, reported tho act with an
amendment.
Adjourned to . o'clock, p. NJ.
AFTERNOON.
Petition of Samuel Dennis guardian, for par
tition of real estate-(irantcd.
Bill TO cause copies Of reports Of State Prison
lna TOR IN he Drptpd-
Resolution submitted by Mr., Potter relative
TO northern boundary Of Glocester, Smthfeld |
and Burrilvile continuing said line as tho /
nor hern boundary of the State Adopted.
Resolution Of Finance Committee, present. |
ed in the morning. providing for appropriation
Of certain portion of the Surplus Revenue, to !
payment of debt Of Globe Bank, was read.
The resolution provides TO borrow this mon
ey. which belongs TO the School Fund, and TO
pay per cent. per annum for its use.
Afisr some discussion and explanation, the
resolution was adopted.
Act presented by Mr.. Blake. before report
ed relative 10 sessions Of the General Assembly
in October. not holden by law at S. kinsstown,
was called up, and passed.
BY this bill, the October sessions will he held,
rs heretofore, once in two years at ). Kings
Town, aud once in two years at East Green
wch or Bristol, alternately.
Act, presented by Mr.. b. Hazard TO revive
License Act OF 1922. with amendments.
Mr.. Randolph moved to print the act and TO
postpone it to the next session. or course the
motion called up a debate.
Mr.. B. Hazard agreed to the motion Of Mr..
Randolph; and believed the more people
thought Of tho act. the better they would be
satisfied Of the propriety ofits provisions.
Mr.. Spencer was also for the postponement.
that The Law mi M become known. and that no
one mig sht be passed, but what was The opinion !,
of tho people.
Mr.. Aldrich moved that il lie on the table
TIE motion was lost.
Mr.. J. 7. Hazard opposed the postpone
msnt.-f.s said We had now no license law.
that commap ded any respect. Every body /
now sold mn, ,rha would. and 30 fines c ceuld be |