Mobile register and journal., 1841-12-28

TIE BANKs.-In the House of Representatives on Tuesday last strong indications were given, of an essential change in the management of the Banks as well as the adoption ofa banking system.- Mir. WAKE introduced the following bill in relation to Directors:
 bill to better regulate the election of President and Directors of the State Bank and branches
 Whereas, insolyent and incompetent persons have heretofore been elected President and Directors of the Bank of the State of Alabama and its branches. thereby bringing immense loss upon these institutions And ereas, the people ultimately liable to be taxed for the redemption of the bonds of the State Therefore
 Be H enaetGd, &c.,, That from and after the passage of this act, in all elections hereafter to take place, either for President or Directors ofthe State Bank or any of its branches, il shall be the duty of any member members, nominating said candidates, 10 state or exhibit the indebtedness or liabilities, of eve " description, of said candidates, to the Bank of the State ofAlabama, orany o s branches; and further more, whether they under protest or not! and al- to state whether said candidate or candidates are solvent, and competent for the discharge of the duties of President or Directors, as the case may be; and said statement, and by whom made, shah be placed upon the journals of both Houses of the General As sembly.
 On motion nf Mir. Ware, the constitutional rule, requiring bills be read three several days, was suspended, and the bill e;d second time forth with. The bill was amended, on the motion of Mr. Rice to require the statement to be Tn writing, and read from the clerks table, discussion arose the bill, as amanded, and on other preferred amendments, in which Aessis. Ware, Reynolds, Jemison, Rice, Houston, Hlughton, Gresham, Kennedy, Erwin, Smith, ofL. Winston, Hutchinson, Speaker Moore, $. McAlpn, Norman and Crawford took part. The bin was read third time, and pass ed, by almost unanimous 'vote--ayes 74; noes 6.
 YEAs; Messrs. Speaker, AIexander of Laud. All exander of Lowndes, Allen, Ambrster, Barker, Bar ron, Bishop, Bradley, Broughton, Burleson, Cain, Covington, Crenshaw, Crawford, Davenport, Davis, of B. Davis of l.. Fletcher, Ford, Garland, Griffin oi M., fIammond, Harris, siIaaghton, Hehin, Hen dricxs, Henry, Henslee, Hogan, Hunter, Hutchinson, James, Jones of Con-, Jones of Gov, Jones of Mad Jeilerson Justice, King, Kidd, Marclbanks, Mason, McAiilion of J., Mitchell Moore. Mundy, Musgrove, Norris, Perkins, Randolph, Rice, Rodgers, Smith of T.. Spruil Steele, Stores, Stinson, Taylor, Troup, Valiant, Wallace, Ware, Winston, Woodward, Wynn, Yancey, Young-74.
 NAYs-hIessrs. Chiles, Houston, R. C. McAlpin, Moores, Norman, Reynolds-6.
 Mr. Clemens, from the select committee to hom was referred the bill to wind up the branch bank at Decatur, reported, by direction of majority of the committee, n substitute, which, among other provis. ions required that the State bank and branches, after lst March, shall conne ther operations entirely to bills of exchange which there shall be at least two endorsers, either of whom sball be worth the a- mount; that all debts, due and under protest, shall, within six months, be placed in train for collection, and that already in bank may be renewed; that two Directors from each board, shall be appointed by the rest to mangage the suspended debt, who shall have power to execute process in the absence of the legal ministerial officers, and shall eachgive bond and security in the sum of Ss50,000 that the suspended debt as collected, shall be applied to the redemption of the State Bonds that the whole circulation of the banks, hand, shall be destroyed, and new emis- sion take it's place, payable in specie, and shall not exceed double the amount of specie in the vaults; that after the 1st of March, new set of books shall be opened for business under the act that the Pres iden and Directors of the State bank, shall elect by joint voe 1.-two thirds concurrng) the President and Directors of each of the branches, and that the banks may appoint agents out of the State to collect their debts.
 Such is the outline of the bill as we noted it when read at the clerks table. It was ordered to be prin