Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1847-08-17

McC0llum to leave State banks TO the
vote of the people, whenever majority
shall vote for the same. The debate pro.
ceeds in good nature and good feeling, al
though much warmth is exhibited.
Mr.. Harvey moved to add ''to be here
after created which was carried. Mr..
Williams moved TO strike cut che entire
section as amended. and insert the first
section Oft minority Report, as follows:
"No corporate body shall be hereafter
created, renewed or extended within this
State, with banking or discountiug priv.
leges."
Mr.. Harvey was against striking out.
and gave his views in brief speech. Mr..
Thompson of Peoria, made a speech a.
gainst banks. He is democrat and can |
(his party say be relied upon on a party
question. The vote was taken and lost.
Section fourth was taken up, and mo-
ton was made to amend so as to leave the
act, if ever passed by the Legislature cre-
ating bank, to The vote Of the people at
a general election. Mr.. Farewell moved
to amend the amendment by making those
electors who should vote for the act, LA
BILE for the liabilities Of the bank, if the
act should be accepted by the people. A
vote taken on the amendments, and lost
Committee rose and reported, and the
convention adjourned until afternoon.
This Afternoon the convention met and
went into committee, and the discussion
was continued. A motion was made to
strike out ofthe fourth section all after the
word incorporation; lost So to 70. This
motion shows the strength of the anti
bank men, as it brings up the question of
prohibition. Mr.. Sherman offered his
his proposition and proposed 90 strike out
all ofthe fourth section after the word
granted. which was agreed to, and the
section as it now stands is as follows
"No banking powers or privileges shall
De granted" This as it now stands is
prohibition; the bank men, | should think,
did not fully understand what would be
the effect ofstriking out. Mr.. Sherman's
plan was lost.
Aug. 4.
This morning the Bank report was a.
gain taken up. Mr.. Logan moved to strike
out the entire doings of the committee of
whole of yesterday and insert Mr.. Sher-
mans plan with some additions of his own
making. Mr.. Logan moved TO make the
matter the special order of the day for
Monday next. Mr.. Scates was opposed
to postponing. He said the other day
when the right of suffrage was up the gen.
tleman just pushed things through without
giving to the friends of more liberal suf.
frage system time TO take breath, he now
was for putting those gentlemen in the
situation they put him and his friends on
that occasion. Mr.. Logan was for post.
poning, and referred to the franchise guess
ton and declared that the two cases were
not alike.
think il evident that the Bank ma ter
stands thus, Prohibition vs.. Banking sys-
tenn. The motion to postpone was laid
on the table, and there was some excite
ment and confusion. Mr.. Logan as l
understood, withdrew his proposition. 1t
is amusing to lockers on to see the man.
euvering on this question.
The famous fourth section was taken
up and the amendment of the committee
of the whole was rejected.
This afternoon. the convention pro.
ceeded with the bank question. Mr.. Dun
lap, democrat, offered section by way of
amendment which in substance is, if the
Legislature should hereafter pass a law
creating Banks. that the law before it
should 60 into effect should be submitted
to the people for their vote at a general
election. This is similarto proposition
heretofore offered and lost. Mr.. Hayes
moved to amend so as to require major
ity OF all the votes given at such election,
to carry the law; vote was taken on this
amendment and carried. After which the
vote was taken on Mr.. Dunlap's PROPOSE.
ton as amended, by yeas and nays, and
lost 65 and IS. Most ofthe wings prob.
ably would have gone for the original
proposition offered by Dunlap. by way of
compromise; but could not go for it as
amended. Convention adjourned until
tomorrow morning. Yours truly, C. C.
SPRINGFIELp, August, 5.
The convention this morning gave leave
Of absence to Mr.. Wead. Mr.. Logan of.
fered proposition on Banking con.
tanning what he called restrictions. He
said he offered it hoping that it might
cause compromise;he was much against
Mr.. Dunlap's motion as amended. and that
he considered it worse than prohibition,
and therefore had voted against recoDsid.
Grafton. Mr.. Gregg offered an amend.
ment so as to leave the act or law to the
vote of the people. Mr.. Logan then with.
drew his proposition. MI Dement, renew.
ed the motion together with Gregg's a.
mendment (some excitement -MrGregg
supported bis amendment with a short
speech.
The wings. I should think. ara AGAINST