Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1847-08-10
Bank Question.
Springfield, Aug. 6, lsA7.


menced on the bank question, whore they
LEFT. On yesterday, the last vote taken
in the evening, was on striking cut some
banking propositions. This morning. i'm.
mediately after reading the journal, Mr..
Edwards, OF Sangamon, moved the pre-.
viOus question, upon which the yeas and
nays were called-vote taken and result.
ed IS and Sc. The main question was
then ordered; division Of the various
sections requested, but not carried. The
question was then taken on the whole of
the sections, by yeas and nays, and re.
suited 96 and as. The As were all dem.
Ocrats. / am told that they were not
pleased with ell Of the sections, and
wished to modify and amend some of the
sections in few particulars; but from the
appearance OF things. I should guess they
were not very much displeased.
The banking matters adopted as fol.
lows:
SEC. !. Corporations not possessing
banking powers or privileges, may be
formed under general laws, hu. shall not
be created by special acts. except for mu.
niciPAl purposes, and in such cases, where
in the judgment Of the Legislature, the
objects of the corporation cannot be at.
tanned under general laws.
SEC. 2. Dues from corporations not
possessing powers or privileges, shall be
secured BY such individual liabilities Of
the corporators or other means, as may
be prescribed by law.
SEC. 8 No State bank shall hereafter
he created, nor shall the State own, or be
liable for any stock in any corporation or
joint stock association, for banking pur.
purposes hereafter to be enacted.
The intermediate sections struck out.
SEC. IL. The stockholders in every
corporation and joint stock association.
for banking purposes, issueing bank notes
Of any kind Of paper credits, to circulate
as money. shall be individually response.
BILE for the amount of their respective
share or shares of stock in any such cor.
pOration or association, for all its debts
or liabilities.
Sec. IL. No act Of the General As.
sembly, authorizing corporations or asso.
Citations, with banking powers, in pursu.
ance Of the foregoing provisions, shall go
into effect or in any manner be in force,
unless the same shall be submitted to the
people at the general election, next sue.
ceeding the passage Of the same, and be
approved by Q majority OF all the votes
cast at each election, for or against such
law.
The legislative department was then
taken up. The first and second sections
were passed upon without many material
amendments. The third section was ia.
ken up; motion to strik out fUe and insert
one; yeas and nays, Al and Sc. This
section has reference to the qualification
Of Representatives. Motion to insert
three, SO as TO requiIe three years resi-.
dence in the State, before aman can be
Representatives; yeas and nays, 90 and
35. The fourth section read. A motion
to strik on. fee. the required residence in
the State, as one of the qualifications of
a Senator; yeas and nays. 80 and 40;
adopted. The fifth section read and
adopted. The sixth was read, and mo.
ton to divide, so as to reduce the number
Of members Of the General Assembly,
from the number agreed upon in commit.
tee Of the whole; vote taken, yeas and
nays, 70 and SIS. A motion to strike out
that part which relates to the prospective
increase Of population, and lost; yeas and
nays, IS and AZ.
The report from the Committee Of the
whole, in regard to this section, was
agreed to. A motion 70 pass over this
section and take it up on next Monday, so
as to let the Committee on districtlng the
State into Representative districts. &c,
to make their report.
The seventh section was taken up, and
. motion to strike out January, so as to
permit the next Legislature to meet in
December, which was lost. The Con.
vention passed on to the 22d section with.
out any material amendments. A motion
was made toamend the section which has
reference to the pay Of members OF the
General Assembly. but lost. so that the
pay and time OF session 10 as adopted. as
il came from the Committee Of the whole.
Yours truly, G.. C..
Rpoun Con lmia Daf0ei