Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1841-03-31
From Harrisburg.
Correspondence of the Inquirer & Courier.
EXTRACT TO THE EDITOR, DATED
Harrisburg, March %, l84l.
HOUSE OF REPRESENTATIVES

HOUSE OF REPRESENTATIVES.
A Resolution was submitted by Mr.. Darsie
to dispense with the business of presenting pe-
t,ions for the remainder of the session, and re-
qniring the members to endorse their petitions
and lay them on the clerks desk without cere-
mony This would save much time The
resolution was laid on the table.
Mr. Fenniken, from select committee, re-
ported bill to incorporate The Board of Edu-
cation of the Cumberland Presbyterian Church
in the United States.
Mr. Hnchman, from the Committee on
Banks, reported bill from the Senate, extend
ing the charter of the Northampton Bank, as
committed
Mr. Cox, from a select committee, reported
bill in relation to the Banks of this Common
wealth
Mr.. Penniman, from similar committee, re-
ported bill 10 regulate the Banks of this Com
monwealth-Hes regulator
The House then, on motion of Mr. Hinch-
man, took up as il came from the committee on
Banks, in the House,
THE SENATE BANK BILL.
Mr. Hnchman offered an amendment or SUBJ
stitute for the lst Section, repeating all the
special penalties and forfeitures incurred by
the Banks for refusing TO pay on demand their
notes and other liabilities in gold and silver by
any act, or acts of assembly; and placing them
precisely on the same footing in regard to the
payment of their liabilities and obligations, as
individuals are, by the existinglaws of this Com
'monwealth. The substitute was agreed TO-
yeas 50, nays 46. Mr. Johnston, of Armstrong
and Mr.. Weaver, Of Schuylkill, having both
voted in the affirmative
The I'd section, authorising the issue Of
small notes to limited extent, for five years,
and prohibiting the issue of post notes, having
longer time to run than l30 days, and these of
denomination not less than $500, then passed
by vote of 5 to 46 Mr. Johnston, of Arm
strong, having voted in the negative, and MIR.
May, of York, not voting at all. The others
precisely as on the first section.
The remaining IA sections were then seve-
rally considered and agreed to. They impose
numerous restrictions on the issues, discounts
and liabilities-abolish the vote by proxy, re-
quire quarterly statements of the officers under
oath, prohibit the declaration of dividends over
per cent during suspension, or over per
cent at any time; and provide for the establish
ment of safety fund out of part of the excess,
andthe payment of "a certain per centage into the
Treasury of the Commonwealth, and make
other regulations contained in Mr. Hinchman's
former bill.
Mr. Lusk then offered new section, provid-
ing that before the Bank of the u. States should
be allowed to avail herself of the provisions of
this act, the Directors thereof should consent
to a reduction of her capital stock to $4,000
900, and change of her name to "The State
Bank of PennsyIvania"-th her stockholders
should pay an installment of 10 per cent. on
the stock held by them for the security of the
creditors of that Institution, and that no notes
under her present corporate name should be
re-iSsued from the counter. The question was
pending on this when the House adjourned.
SENATE.
A message was received from the Governor
nominating George Dare of York, James Bell
and John Morehead of Huntingdon, to be AS
sociate Judges.
Mr.. Fleming introduced bill for the cleo
ton of Canal Commissioners by the people
| all CANNON.
MIR. Reeds bill to secure the payment of the
interest on the public debt by appropriatlng a
portion of the revenue from the public works
as sinking fund for that purpose, was ably
discussed throughout the remainder of the
morning session, by Messrs Reed, Strohm,
Cochran, Williams and Ewing. No final ac-
tion was had upon it.
The Senate met in the afternoon TO consider
private bills A few passed final reading in a
batch. One to authorize the opening of Frank
lin street, Philadelphia.
Mr.. KlIinger offered an amendment TO a
bill repeating the section Of the act passed al
the last session OF the Legislature, requiring
the Lebanon Bank to pay bonus for the ex-
tension Of lis charter No action was had On
the amendment.
Sentence of Death.