Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1841-12-27

Y. city, TO raise money on them. by some over
SIGHT in the Arkansas Bank, these bonds were so
left as to appear to be in fact, 0hough IN run
they we're not the property OF the Trust Co. vi
this oversight the Trust Co. dishonesty took ac-
vantage, pledged the bonds TO Messrs. Holiord q
Co. and pocketed the money. Now, the Real Es-
tate Bank OF Arkansas takes advantage Of its own
wrong, or neglect, and says is not bound to pay
Hoord and Co.; and Gov. Yell argues that the
Arkansas bank had. no business TO hand over the
bonds to the Trust CO., and says that the state
therefore will not pay the bonds. In this case it
is clear thai the Trust Co. acted like pack OF
scoundres; but it is equally clear that they were
permitted to do so by the neglect OF the Arkansas
bank, which was the agent OF The state III the
transaction. The purchasers Of the bonds were
Innocent so far as any thing yet appears and on
every principle Of INV and right, it seems to us
that either the Arkansas bank, or the slate should
suffer the penalty Of its neglect, 81 pay the bonds.
AS between the state and its bunk, we know not
how the mater would stand it is probable how
ever, that the bank nsmannged the bonds, through
the neglect Of the officers Of the suite. Il is
pretty evident that, in the quarrel between the
Co.. the innocent holders of the boGds will never
get their pay.
South Carolina. proposition has been intro
duced into the Legislature of South Carolina, to
transfer the election Of Governor from the Legis.
lature TO the people. Also II proposition to adopt
the Virginia Inspection Law, us a guard against
the abduction of slaves by vessels from the
North.
Tennessee We take back every word we have
published in behalf of Mr.. Locofoco Speaker
Turney of the Senate. The ocofocos in the le-
gislature the worst set of fellows we have ev-
er read of in legislative assembly. They alto.
gether beat s. s. Brown and his retreating squad
of locos in our legislature Of '39. Pursuant TO
resolutions adopted by majorities in both Houses,
the I'd and Sd OF Dec inst. were fixed for Joint
assemblies to elect two U. S. Senators. On the
I'd, the House sent message to the Senate, an
nouncing its readiness TO 60 into Joint assembly,
when Mr. Qoco) Speaker Turney and twelve
Senators tall whigs met the House according TO
the resolution; hut the 12 locofoco senators refu-
sed to go. 1t was then urged by the locos of the
House that, quorum Of the Senate not being
present, nothing could be done when the wings
proposed regular adjournment of the conven-
ton. This the locos objected to, insisting that
they would not vote on any question so long as
there was not quorum of the Senate present ::
and accordingly, with one or two exceptions, the
locos left the Hall. I he Speak r of the Senate.
with the twelve Wing Senators, then retired and
the House adjourned.
So the attempt to elect United States Senator
on that day failed.
The next day, Friday, 3D. inst as before, 1--WE
here quote from the Louisville Journal Whig,)
the twelve recusants Of the Senate declined meet.
ing The House in convention, in conformity with
the resolution of MIR. Senator Turney, which had
passed both branches of The General Assembly.
And, what was most extraordinary, Mr.. Turney
himself the Locofoco Speaker of The Senate, the
author OF the resolution for meeting the House in
convention, united with the recusant twelve on
Friday IN refusing to meet the House in conven-
lion. The resolution of his own framing, which
had passed the body over which he presided he
set at naught. He thus stepped himself in infa.
my to the very ears.
On Friday, after the Wing Senators had repair
ed 10 the Hall OF the House o; Representatives,
and the Speaker of the House had taken the chair
as presiding officer OF the convention, q scene of
uprohr and violence ensued. Several Locoloco
members OF the House made most abusive and
furious speeches and were answered with seyeri-
ty.
AT length It was determined that roll of the
convention should he called. Tbereupon great
portion OF the Locoloco members of the House
lef the hail. The absences were sent for
Twenty-Five returned Il written answer, refusing
10 return or to recognize the body then in the hall
as Il convention. The convention, fnd.n g thai,
nothing could he done as matters then stood, ad-
Journed ill the next morning.
The Nashville Banner mentions it as prolDable
that The Wings will udjoun the convention from
day to day and, that if they find the recusauls
beut on perseveIng in their destructive course,
they VIII, at proper time adjourn sine die, and
make their appeal to the people.
This game was continued from day to day I'M
Ill the 7th when the joint assembly was dissolved
So Tennessee, by locofoco violence, is cheated of
her Senators.
Alabama. bill to repeal the law requiring the
election OF members of Congress from Alabama
to he made by General Ticket has passed the
Lower House of the Legislature Of that State, ard
will also. il is sad pass the Senate The general
ticket system was passed to give the Locoiocos
the whole Of the delegation; BUT, on being sub
united to the people, they, by direct vote, con-
demncd it, Hence its repeal. If The district sys.
tenn had remained in force at the last ection
Three of the delegation in Congress would have
1een Wings If vacancy occur in the present
ueiegatol, It is to be filled by the district in which
'he vacancy may exist.-.AGbamian.
Indictment against The Directors oSihe Bank orh,
stall OInfnA