Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1840-10-30
VOL. XIV....No. 20.

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explained its provisions and moved an additional Sec
ton authorizing the bank commissioner to examine
the bonds of the directors. and require additional Sc
Guilty. if ncccssary-adopted. Mr.. Dowuer moved
to amend the 18th sccton so us 10 provide that no
individual company corporation I'm lieu Of the
words stockholders, directors, other oiiicers,D
shall be indebted directly indirectly 10 the bank III
any amount exceeding five per cent OF tie capital
stock paid IN. On division of the question:, tho
house refused to strike out the words stockioldor,
director or other officer, and SO the whole amend.
ment failed. Mr. Chandler of w. moved to amend
the 4Oth section for division Of any surplus collected
from the bonds Of the directors among the directors,
instead Of among the toclholders-adopted. Mr..
Adams oi South Hero moved to strike out all the 18th
section eXemptng such banks from the payment Oh
one third of one per cent. of It's profits SOM annually
To the State, kept their bills AT par in Boston New
DIRK or 'rroy-undcr consideration when the House
adjourned.
SeSATE.-Mr Butler oil cred resolution instruct
ing our Senator'S and requesting our REPRESENTATIVES
in Congress 10 resist the passage Of any law for os
tabshng national bank, which motion of Mr.
Miner, was referred to select committee of tlreo
who were appointed by the char, and made to consist
Of M.ssrs. Miner, Butler, and Adams.
Rcports u Committee. BY Mr. Short, for select
committee on the communication Of the Addison Co
Baptist Association, for the suppression of intempo
rance that the committee deem legislation on the
subject at this time ncXpcdlcnt laid on the tablo
BY the same, for committee education in favor Of
tho bill to establish high school at Bakersfeld-lasd
on the table.
The Senate went into committee Of the whole
upon the bill relating banks, reported by the bank
committee for thepupose OF amending the same, ana
occupied the re nam ng part OF the afternoon on tho
same, when without reporting progress the senate
adnnrned. =. .
iIovsr.- Petitions r:f.rrcd. ORG W. Foster, ID
, committee roads and canals
!, Resolutions From the Senate for adjournment Of
both Houses Tuesday next laid on the table IS to 49,
NJ. Paul of Midteiown obtained leave of absence
: after Saturday morning; and Mr.. Lewis OF Wells
G after To morrow morning.
BIS Introduced. BY Mr.. Sabin to extend the
right of trial by jury, to iugtves from service IN
other States, and providing that all wits TO arrest
such fugves shall be rcturnable to the county court,
: and that removal or attempt at removal from the
State Of fl Ncs before trial or IN de aucc OF decision
of the court shall be considered kidnapping; reor.
red 10 the judiciary committee. BY Mr.. Billings, to
pay Cepha- Bailey $25 Is, referred To committee on
y military atiats. BY Mr.; Warren, in addition to tho
militia act. referred TO the committee on military al,
fairs BY Mr.. Lance relating to the militia, referred
To select committee on militia u
, The House resumed consideration Of the i'll reat.
inc 10 banks the question being upon the amendment
TO the 25 section, proposed by Mr.. Adams OF South
Hero; supported by Nj Sanborn opposed o by Mr..
h Warner OF y. and negatiyed ayes j." noes IuO MI
Coolidge offered an amendment to the 18TH secuon
r providing that no individual cjmpany or corporaor
other than stockholders or officers shall be indebted
. to the bank IN an amount than Is per cent. OF the
}, capital stock exclusive of dcposlts-Mr Rice OF Som
erse moved 10 strike out - and insert lu-agrccd TO-
i ia to los ana the amendment Of Mr. Goodbye, as
/ this amended was adopted. Mr.. Downer offered an
If amendment to the 18th section rendered ncccssaryb y
:, the above which adopted. Mr.. Cuts moved to
:, strike out the list section supported by Hessrs.
,, Cuts, Bncknascr, Chandler of ". ard Lovcland,
opposed bv Messrs. Sanborn and Swift and rejected,
8 2t to 81 Mr.. Smile offered an amendment, rend-
erng the stockholders liable in their individual eapa-
city for the redemption of the bills OF the bank, pro
A. portoncd to the amount OF the stock they hod-pro-
vldng that the stockholders shall be exempt from THIS
Of requirement, the directors execute bonds for the Sc
curty of the bill holders to double the amount Of tho
n capital pad in rejccten, ayes 81, notes rs. MI
p Downcr moved amendment 10 the 2lst section,
striking out Il per cent interest after the refusal OF
bank cdeemi its notes in gold or silver, and reqllr
10 ing 10 per cent damages 10 be PAID on the demand ana
z interest at the rate o. II per cent per ycar-opposed
l. bp Mes-rs. Bncknaster and Fullam and rejected
r l52to2
of SESArE.-The military committee were discharged
from further consdcra N Of the resolution for rcdu
he cling the expenses of our militia system, ~
m Mr.. Eaton Of Was hngton co. introduced bill to
pay Moses l.. Church the sum- &c. read twice and
referred to committee of claims
10 Reports. by Mr.. Short for committee on cduca-
IA ton against the resolution Ia prevent all but regular
physicians from recovering their fees.
he BY Mr.. Horton FIR committee on finance in favor
of 4f'Ie h pay for military srrNcos ON me nor,hSrh
or mttec roas and canals again the resolution Tor
IL reducing the tolls on Wlnoosk turnpike.
cd The ongrosscd bill to provide for notice before in
Mcssrs Eaton of FIR and Wooster, supported by MIR.
~ Dana, and PASSED, yeas l6 nays 49,
to Hovsr.-Praycr by R'v. Mr. Harding. ,
IT. The treasurer communicated detailed report on the
rs state Of the school fund, from which 1t seems the pre-
OF ac amount nl hr ~ ilcua1hS ''e'e9' UP W WV
Ii 10 1910 is sll9, 1851.
oh Mr.. Walker Of Thetlord obtained leave oil absence
after tomorrow morning.
Petitions r.f:rrcd. For axon Washington Co, 10
ire bull court house, tomcmbcrs from the county; OF
he'd j. natey and 255 others, TO judiciary committee OF
al Vermont ami avery society relative to extension
trial by jury in cases Of tugltlvos from service &c
ate same committees o! John tidde', 10 Hcherai com
Ter mi'tcc. &c.,
no BINS in'rol,col BY Mr.. Hodges, from commi,
,p- tee Of ways and means making approprHuohs To-
support oI government -2ssesslng tax OF thIce cen
as ~ a.