Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1842-11-11

in overturning all the sauary guards imposed by the
actoi l9lO, and throwingus back upon the old mser
well as other states. If the Bank of Montpelier did
not wish TO use all its capital then let il ask for re.
duction of capital. That he was asrcady 10 grant as
he was in the case of the Poul,ney bank.
MIR Keith thought these consequences would not
by any means follow from this bill, and urged its
passage.
Mr. Davis of NJ said he believed that what was
in Poultney was fish in Montpelier, and he was
against this bill. He wanted to keep the curb on the
a"a egss them IF an Inch and they
Mr. Pcttibonc said there was no use of putting
rens upon horse which ,rouid run away and smash
the carragc al any rate the relns should have been
put on long ago upon some Of the banks, abiding to
the state Of some of the banks, as reported by the
bank commissioner. The great difficulty of our
banks generally is that instead of being constituted
Of capital they. were used 10 manufacture capital,
and he wanted the reins put on hrad-that the banks
should be compelled to have their capital in their
vaults and that the same men who furnished bank
capital ahould not also be bank borrowers. He APP
proved the mode Of conducting the bank of Mont
pelier and sustained the bill; it would be hard to
compel this community in these times to pay in the
additional portion Of the stock. He referred to his
former course the Essex bank, which had been
proved clearly right by subsequent experience as
those must acknowledge who entirely differed with
him at that time. Among them had been the gentle
man from Woodstock, but he had more to say
Of his course and that of others on that occasion,
| IMAM tnHt tIcy knew hot Wfat tney QQ.'
Mr. Tracy said that he did not choose odiscuss the
insolvency of this or that bank, or the Essex bank
question, or the bank reports Of the gentlemen from
ianchester-be ovng they had no more to do with
this question than had Nicholas Biddlos opinions
about hard times. The real question here was,
whether the House would frittcr away and relax the
provisions of the act of 1870 Never would he con-
sent 10 It, He proceeded 10 state his objections TO the
bill, remalking that in this case the bank had had
time to comply with the law: lis stockholders knew
their duty-and it was not TO be tolerated that they
shoula neglect that duty, and then in here and
ask TO he released.
Mr. Keith replied, urging the hardship of this case.
the necessity of giving The relief asked, and arguing
that no danger could ensue. He in favor of u.s.
ing the curb but not unreasonably; when the horse
was doce, he was willing to relax the curb-taking
care, however, 10 keep it ready in of necessity.
Mr. Garfield followed on the same side, and the bill
was rejected on the Cd readng-ayes 81, noes l47
! Mr. Peck then introduced bill reducing the capital
stock of the bank, which was referred to com. on
Banks.
SENATE.-THuRspAv Nov. 8, 1872
ReSoiutons-By Mr. f. Allen, providing for adj
Iournment without day on Thursday next. mo-
ton, by Mr. Camp, to lay on the table, was negaved
ii TO Ia, when Mr. Dillingham; moved an amend
ment, striking out Thursday and inserting Friday
lof next week. Amendment adopted, and on mo-
ton of Mr.. Dillingham; laid on the table and made
the order for Saturday morning next.
Mr. Briggs called up the House bill dividing the
State into Congressional districts when the Senate
went INTO committee of the whole. Mr. Hubbell
moved an amendment, erasng all after the enacling
cause ana offering substitutes; supported in debate
by Mr. Hubbel and rejected, IA to Is. Mr. Butler
then moved so to amend as to incorporate the pro-
visions of the bill introduced by Senator Camp
amendment rejected, IA 10 IT, when the committee
rose and reported the I'LL without amendment; when
Nlr Hnboel renewed his proposal of amendment, and
demanded the yeas and nays, which were taken
without debate, and the amendment rejected, yeas
H. nays ID. MIR Butler then renewed his proposal
OF amendment, and demanded the yeas and nays
and the amendment repeteU IA
MIR Smal!ey moved that he bill be laid upon the table
ana made the order Tor TO- morrow mornings motion
nesayed, II 10 Is, Mr. Hubbel then moved that
the bill be laid upon the table and made the order for
this afternoon. Motion sustained by Messrs Hub
bell and Smaley on the ground that time should be
gwen for those who desired opportunity for reelection
and TO speak upon the subject Mr. Camp raised
question of order to the repetition of motions 10
lay, by merely varying the hour to lay. The chair
decided the last motion gu. Of order. MIR Dillingham;
took al appeal from the decision of the chair This
appeal was advocated by Messrs. Dillingham; and
Huhbel opposed by Messrs. Camp and Briggs, and,
after few remarks by the chair, the question was
taken, and the yeas and nays being demanded by
Mr.. Dillingham; the decision of the chair was sus.
tanned, yeas Is, nays Ia.
HOC SE.-Reports. BY committee on agriculture
that ls expedenl a! this time to grant bounty on
wheat; against bill to alter sec. I6 chip. 50 X. S.
granting bounty on wheat) and 1t dismissed;
against bill TO encourage the raising of wheat and it
was dismissed, after some discussion by Messrs.
Keith, Rice, Van Sicklnn, Chamberlain, Skitf and
Baker, ayes l33, noes IS. BY general committee bill
in alteration Of chap. l07 r. 5. grand and petit ji-
rors' fees SIPS per day and cents per mile travel)
and it ordered to third reading against bill
To repeal chap. ITO R. s., granting bounty on slk,)
bill supported by Mr. Rice, opposed by hir Van Sick
en and dismissed; against bill to define sec. IA
chap. r. s., mo person TO hold a seat in the House
unless elected at ballot commenced prior to II
o'clock at night of the lst Tuesday OF Septenber,)
and it was dismissed against bill in amendment Of
chap. l04 r. s. and it was laid on the table; bill to
alter the of tivira Patterson and it was order
ed TO third reading. BY committee on Banks, bill
10 charter the Orange County Bank: Mr. Cobb of
s., stated the necessity of the bank as the charter Of
the present one would expire the ls Of JAN next,
and the bill was ordered To be engrossed
ResoluttoHs. by Mr. Sanborn, TO expediency
Of offering premium for The best essay the pro-
dnciion of wheat in this state; adopted, lO to So
From the Senate requesting the Governor 10 apply TO
Congress TO refund to this state S0gi co. being for
expenses incurred by this state in the late border
difficulties; passed.
Engrossed BiNs-Roducing the capital stock of
Poulney, in addition TO act Incorporating the Ben
nlngton county Nut. Fire ms CO., in addition 10
chap l02 r. s. ION crimes committed near county
lnes,) IN amendment of same chapter, ION Insane
crminasl taxing lands in Bradley vale, relating to
Z. S. deposlte money. Uruslces TO report on us con-
dltlon,) in addition 10 act Incorporating Caledonia
Co. Grammar School, -severaly read the third time
and passed.
SENATE.-FRrDAY, Nov. 4, 1912.
Bits introduced, and referred-By Mr Briggs,
III uhuitiou " al at tuc oDeHcH
Turnpike Co, extending time to finish the
road. BY Mr. Smalley, fixing time for holding
county courts in the counties of Chittenden
and LamolIe. Altering the Third and Fifth
judicial districts
Abolishing Capital Punishment. The bill for
this purpose was called up, when Mr. Dlling-
ham addressed the Senate in an extended and
able argument in favor of the bill.
The hour for going into joint assembly hav-
ing arrived before Mr. Dillingham; had finished
his remarks, at the suggestion Of Mr. Briggs lie
suspended his remarks for the present, and the
Senate went into joint assembly.
HOUSE. Reports. By committee 10 make
up the list, bill in addition to listing law, (polls
at So attorneys and physicians TO be assessed
from i Il to $50, and land and buildings to be
appraised separately where the land exceeds ten
acres, &c. which was made the order for to.
morrow morning, and 300 copies ordered to be
printed. The minority reported in favor OF the
bill to repeal the listing law of last year, with
provisions for revision Of the listing law next
year, and it was made the order for Monday af-
ternoon. The majority reported against this
bill.
The State Treasurer by letter, informed the