Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1846-10-28
CONSTITUTIONAL CONVENTION;

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Our abstract on the first page, extends
to The close of Thursday the 9Th inst. The
proceedings Of Friday and Saturday the
10Th and 18th we have not received; l:ul
those Of the 10Th (Monday) are on hand
On tbs day two reports were presented,
one by Mr.. Burchard, being minority re-
port from the Committee on Suffrage and
Electric Franchise, and the other by Mr..
Lowell, from The Committee on Amend
ments. These reports are not given at
length ard their par, GUAR character there
fore is not known. A resolution offered
BY MIR. Hall, on the 18th, noticed in orr
proceedings OF that day Ito which we re.
| ier) was referred 10 the Committee on ms.
cellaneous provisions. a resolution offer
ed by Mr.. Willard, on the Eth, that a
clause be inserted prohibiting The collection
by law of all deb's less than $50, and abol
ishing Justices courts, was referred 10 the
Committee on the Judiciary! The emain-
der of the day was taken up in the consid-
Grafton of the reports on Banks and Bank.
ing. We deem II unnecessary TO notice
particularly the various amendments Offer
ed. The article on this suffice, was final
ly ordered to be engrosSed in the following
form
ARTICLE
On Banks and Banking.
/. There shall be no bank of issue
within this state.
2. The Legislature shall not have
power TO authorize or incorporate, by
any general or special law, any bank or
other Institution, having any banking
power or privilege, or to confer upon
any corporation or institution, person or
persons, any banking power or privi-
lege.
3. 1t shall not be lawful for any cor
poration, institution, person or persons,
within this State, under any pretence or
authority, 10 make or issue any paper
money, note, bill, certificate, or other
evidence OF debt whatever, intended to
circulate as money.
4. 1t shall not be lawful for any cor
poration within this sta,e,uuder any pre-
tence or authority, to exercise the bust
ness OF receiving deposites of money,
making discounts, or buying or selling
bills OF exchange, or to do any other
banking business whatever.
5. No branch or agency of any bank
or banking institution Of the United Sta
ties, or OF any state or territory, within or
without the United States, shall be estab-
lished or maintained within this state.
6. 1t shall not be lawful to circulate
within this state after the year lS47, any
paper money, note, bill, certificate, or
other evidence of debt whatever, intended
to circulate as money, issued without this
state, of any denomination less than ten
dollars, or after the year ls49, OF any
denomination less than twenty dollars.
7. The legislature shall a, its first
session after the adoption Of this cons,i-
tuition, and from time to time thereafter,
as may be necessary, enact adequate pen
altes for the punishment Of all violations
and evasions of the provisions of this ar.
ticle
On Tuesday, according to a postscript
in the Argus, the article as it stands abov G.,
was read the third time and passed. by a
vote of 80 to "a. The delegates from this
county, vo:ed, on the final question, as fol-
lows:
ayes. -Messrs Bennett, Carter, Dick
inson. Harkin, Kellogg, Lowell, Parsons,
Ryan, Strong, and Willard.
No.-Fren ch. Absent, Steele, Stock
we'll and Hall.