Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1840-01-16

ono third Of the specie had been drawn
| from the banks ia the last three weeks
when exchange OH England was 5 per
cent in our favor, and we were urged 10
resume OH that account but he thought
the cause was that those indebted to Eng.
land could not pay their dcbIs, aud those
holding exchanges " ere obliged 10 SELL
and the result proved it !. IL the present
state of exchange, We must suspend or
draw in all the circulating medium ; the
banks we're now drawing IL AS fast a.
possible.
IA long and Interesting debate continu.
ed by several members, respecting banks,
which we are compelled to omit.
Mr.. B. Hazard sand the banks IN New
port paid specie as freely as any banks,
aud II any banks needed assis,ance,il was
som0 country Slnks that had not found II
safe to resume, aud it was singular that
this proposition should be brought up 10
favor these Banks.
He said the law was not to protect the
banks it was for the security of tho
circulating medium OF the Stale /; he
thought there Was no pledge to the banks
for tue law was not for their benefit, but
for the people (; those who owe the banks
have righ. 10 demand tiIi the Is, OF Feb.
t. pay.
Mr.. L. T. Hazard said TIE law pds
Tor the benefit OF the Banks, aud not the
people he WAS surprised to see ihess
gentlemen defending the country ba ks,
" hon there had not been voice from
the country IN favor OF tho law let gen.
tlemcn take Care of their own children
first.
Pending this discussion, the House ad'
journed To 3 o'clock.
Afternoon. Il. Il. Hazard called
up the bi undcr discussion In the mora
ing. He said there was something yet
behind the curtain II Was what hs cal
led gambling affair; CERTAIN men wers
playing into each others hands. aud ho
called on the House to notice how inen
were shaved by means of this law, aud
the load was thrown on the shoulders OF
the country banks.
Nlr. Spencer said f,he bill was post.
poned, some other members might had
out as much as the gentleman had done.
Mr.. Holden thought tho bill might as
well lay over for week..
AIR. Summons said the last thing he
heard from the gentleman {Mr. Hazard)
in the morning, was credit, and the first
Thing on coming into the House, WAS
credit. Mr.. S said he had stated at The
last session that he would support any
measure the gentleman from Warwic6
might propose, to compel the banks to
refund premiums. and he was ready to
90 with him - but no was not ready 10
Join in a cry against all our institutions,
because some Of them had done wrong
Mr.. Aldrch replied to some remarks
considered personal, and Mr.. Simmons
explained.
The House refused TO postpone.
And on the passage ofthe bIl, tho ye,s
and NAYS were ordered, aud were, for the
bill "a, against it 4l-So the bill did not
pass.
Petition Of r. I. Steamboat Company
for Charter, was received and referred
The House then adjourned to FRIDAY
morning.
Fridau, Jan. 10, 1910. AT 10 o'clock
the Speaker called the House to ordef
Petition Of school district No. 8, in
Exeter, received and referred aud
Bennett J. Monroe for sale ofreal estate,
also referred.
The order Of the day being the trial
of the docket of private petitions, the
honorable Senate were invited and joined
the House, and the docket Of private
petitions were taken up.
Petition of Cyrus Butler, vs.. town OF
Smithfield, continued Charles ii. Low
VS.. creditors, continued Anthony Car
penter vs. Joseph Rawson, ct al. discon-
iinued, no costs /; Lyman Springer vs..
creditors, petitioner died, petition dis
missed Marcus Cornell VS.. creditors,
continued Samuel Metcalf and Son,
VS.. Ezra Morse, leave to Withdraw
Laban Borden for school district No. q,
Tiverton, leave given to petitioner To
withdraw Christopher &. Green for
school district, No. 8, Exeter Reuben
Place, for school district, No. !, Clio
cester continued ; Peter Philips for
school district, No. 9, N. Kingston
Samuel Waldron for amendment OF char
ter, continued with order Of notice VIII
liam T.. Manchester for do. do BenJa'
min Allen VS.. railroad company, d'scon-
tlnued, no costs Ebenezer Gould W.
Israel g. Manchester, tried and gran
ted and the Senate and House ad-
lourned to three o'clock this afternoon.
afternoon. Of engine com
pany No. 5, in Providence, for leave to
i-crcase members with exemption from
military duty and Of N. Y. \. X u;
railroad company for leave TO extend
their road, received and referred OF
Hannah Palmer, convict, for liberation,
granted and Of Lucy Thomas, convict,
Tor Liberation, granted.
Mr.. Whipple moved that the Secreta-
~ bo directed 10 procure a copy OF the
plat Of the disputed territory between
This State and ssachuset,s, and that
the plat and copy be delivered TO tho
counsel in the case between this State
and Massachusetts.
The Honorable Senate were invited
aud loined the House, aud the docket of
private petitions was taken up.
IN I