Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1846-11-05
THE LEGISLATURE.
WEDNESDAY, Oct. 90.


Prayer by the Chaplain -.
The presiden, announced the appointment of
Messrs Hodges Cushman Rich, Villas Miner and
Bemis as the committee to SUPPLY the resolution
before the Senate relative to the State Prison with
the names of three suitable persons to serve as the
committee therein provided for.
Bill introduced. By Mr. Harrington granting
ferry to James Bramer; referred to committee on
Roads and Canals.
Resolution. By Mr. Miner, nstrucng the Judi
ciary committee to inquire into The expediency of
passing q law providing that attachments shall
equitaby enure to the benefit of all the creditors
adopted.
The bill to pay Gen James Morse was taken up,
and after the presentation of certain facts bearing
upon the clam, by Mr. Chittenden, on motion of Mr.
Nash, it was recommtted,
The bill amending chap 26 r. S. by providing
that Justice when relationship, or interest, or the
fact that he has once been COUNSEL or has accepted
an office incompatible with that of justice, shall
preclude him from hearing the cause, may trans
fer the hearing of such cause to another jus
tice, was taken up; Mr. Burton moved to amend,
SO that the defendant shall receive his costs; sup
ported by Messrs Burton, Smith and Hodges, and
opposed by Mr. Harrington. Mr. Smith moved to
amend the amendment by limiting these costs to
travel and attendance; supported by Messrs Smith
and Harrington, and opposed by Messrs Foster and
Burton. Mr. Villas, remarking that the proper ma
turing of the bill had Proved as he anticipated, full
of difficulties novedto postpone indefinitely; carried,
EugrOssed Bills. In addition to the act,relatlng
to the Grand list, defining the term "medical prac-
titloner" as therein employed to mean any person
who attends upon and prescrbes for the sick pass
ed.
The engrossed bill Incorporating the Bank of
Brandon was taken up. MIR Kimball remarking
that he desired TO await the fate of the bill now
pending in the other House incorporating the Bank
of Orwell, as it might influence his vote on this
BILL moved to lay on the table; supported by Mr.
Hodges, opposed by Messrs Cushman and Bradley
on the ground that the two bills had no Legitimate
connection, the two banks having entirely different
spheres of operation.
Mr. Villas wodld take occasion 70 make few
general remarks IN regard to the subject few
years ago, a great disposition prevailed generally
throughout the State to invest money in the stock
of Banks. This arose from the fact that no other
kind of investment found more profitable. The
result was the creation of too many banks, which
produced competition that proved mutually iulur-
ious, and crippled their best energies. Bank stock
rapidly dcpreciatad in value; and to such an extent
that upon the incorporation OF q certain new bank,
whose old charter had expired, notwithstanding It's
location and former standing recommended it most
highly to public favor, it found impossible to
secure the taking of its capital stock within the
time prescribed by law. Now that the banks had
gained public confidence, and were again doing
profitable business on sound and healthy basis,
the same disposition to rush INTO this species OF
money investment manilesting itself. The
stock of no good bank could be increased and
thrown into market without its producing general
scramble for its appropriation lie was satlshed
if the Legisasure should be lnilaned oy the
same feelings and furnish the desired facilities for
their qualification, that the same disasters will over
take banks they have once before experienced lie
believed that they should exercise great caution
and discretion in the incorporation OF new banks !:
that their constant aim should be not to endanger
this present safe and stable currency He thought
Iol,y boo, in viz
ton of the stock they created avoiding fpossibe the
accumulation of too much capital IN one institution.
IF fifty of the hundred thousand dollars OF banking
capital now located at Rutland could be removed
with public advantage to Brandon, let 1t be done
by them, in conformity with that provision which
empowered them to legisate over bank charters as
the public good required. The wants Of the bust
ness community should always be consulted. The
Bank at Orwell, situated among farming popula-
ton, was designed 10 accommodate money lenders,
giving them an opportunity to invest to advantage
their spare capital. The Bank under consideration
was rather intended to facilitate the transaction OF
the large business OF one of the most thriving towns
of the State With reference to the general good,
he could not but regard the latter Of the proposed
institutions with more favorable eye YET ne
desired to see the disposition made OF the other Dill
in the House, before acting upon this, and should
therefore vote in favor Of the notion
The motion prevailed 10 TO 3.
ReDoris By Mr. Hodges, from the committee Of
Claims, in favor of the House bill to pay Sophia
Allen passed. By Mr. Harrington, from the com,
mittee on Roads and Canals, in favor OF the bill
granting ferry TO James Bramer; ordered to 81
reading.
From the House. Bills appointing agent 10 de
fend suit at law in favor of Peter Hatfield il
relation to the real estate Of insane persons, in ad
dtion to chap. "A R. s.; altering the name of JOIN
Chauncey Chandler--all referred to the Judiciar!
committee. Bill in addition to chap 20 X. ). rell
tn q Roads
and Canals. Resolution authorizing the State Re
porter to include in his published n ports snch de
cisions of the Circuit and District Courts in Yer
mont as may be gratultously furnished him passed
Mr. Cushman was elected member Of the com
mittee on Finance in place Of Mr. Onion, returne
home.
Adjourned
HOUSE.
PRAYER by Rev. Mr.. Comings.
MIR Newell obtained leave Of absence
Resoiuiions For evening sessions, commencing
this evening. called up by Mr. Bill and passed. b
Mr. Stoddard, authorizing Reporter OF Suprem
Court TO publish reports of Circuit and Dlstrlc
Courts Of Vermont; passed. The resolution e
adjournment was called up by Mr. Lawrence, an
the House fixed upon o'clock Tuesday mornln
next. By Mr. Chase, prohibiting the removal {
books, papers and files belonging to the Secretar
OF States Office in Montpelier, except by legt
process; passed.
The chair filled the vacancies in the commite
on Debentures by appointing Messrs Smith {
Newark and Terrell.
The Land Tax committee discharged hoI
the petition of Moses Buchanan and Others an
they had leave TO withdraw.
Petition referred. of Thomas Joy and Others
restrain geese from running at large, to commute
on Military Affairs.
Bills introduced. BY Mr. Gilmore, altering Il
name of Horace Lewis Whitney; referred to Gel
eral committee. BY Mr. Thomas, to repeal act
1874 providing for q geological survey; referred
same committee.
Thn an.nndrrnnt &c tLn Snnatn 10 lLn LII relntI