Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1848-01-27
| Volume VII;;;;;;;;;;sNumber S2.

history Of corporations in this country was remarkable
There parallel to the evil Chancellor Kent, had
argued ably in favor Of the liability clause.
Other Legislatures had the evil Uf granting corpora
tons without the liability clause. Massachusetts, New
York, and Georgia. had and ia all required this
provision Those States found it absolutely necessary
have those clauses inserted prevent the runOus
quences resulting from irresponsible corporations. The in-
eIests of the people demanded it. There difference
In principle between chartered companies and Siual
partnerships He looked upon the policy of granting chat
tiers whOuI this clause extremely dangerous Here MIR.
Neal read from Kent Arguments favor Of that clause He
asked if gentlemen disposed to regard Chancellor
Kenis opinions upon this subject Let adopt some
principle for action
The clause the purpose a check upon
duct of those companies Mr.. N here made ne euogy up
on the talent and character Of Chancellor Kent Ii seemed
10 nm TO be the true policy of the legislature guard the
Interests Of the people, in reference to those esponsi
Bile companies II works be accomplished without
this clause, would be better have delay in their
pleon.
Mr. Keiser said there capital enough in
to carry on works Of the kind. II the liability clause
inherited, foreign capital would be invested
povemens 4 individuals liable for the failures of
those companies there would be inducements for invest
ments II was TO his interest TO have Railroad get
the capital from Allen county, it a muddy inconve
nent road and he thought the Of fifteen years The
Railroad would be completed time,
oil nature he expected to live longer than that time and he
did not doubt but he would represent old Allen again.
Mr. Kinney stated he did recollect that a manufacture
ing company failed; rendering company He
made distinction between moneyed, aud manufacturing
panes he would vote against restriction Of this kind
attempts to improve the country Large dealers will always
take of Observation-Disclosures, poor will sufer
for they will be paid their wages become due
There in this Sate sufficient supply the whole
world and Of coal also Was RICH; clog facilities
oil using this mlteal? Fifty hence cities
IN this State There should clogs TO manufacturer in
this State.
Mr.. De Buler said the people of this State are an ag-
cultural people Produce, would be raised in the State
how, and all brought in by manufactures would be clear
gam. Manufactures should then be encouraged.
Mr. Gooding then suggested another amendments laid
the table,
Mr. Mcdonald of l. remarked II was The oens,aIlv 10
ceived opinion that ndiv duss should be liable for their
debts If individuals should be liable should associated
individuals. He should vote for the resolution.
Mr. Lane said if institutions of this kind could be
couraged with such clauses it would be well have
in the charters But it could be done. 1t the
policy Of the State to induce capital be invested in
State. 1t could not be done with this clause. He will
ing to incorporate the principle of protection of the people
State so far as was consistent with the
ment Of The investment Of capital in the SaIe 1t would
not do to insert this clause manufacturing companies.
The resolution was not adopted BY the following
Those voting in the affirmative, were, Messrs. Albn,
Covngon Goodng Harlan, Holden, Jones of B. Jones Of
s., Kennard, Major, Mcconnell, Mcdonald of A. Mcdonald
Of L., Neal, ShIyock, Slater aud Tinbrook, Is.
Those voting in the negative, we've, Messrs Armstrong,
Baldwin Blackstone, Blythe Bowling Blown Bryant Carr,
Chambers, CObe, Coffin, Cole, Cop Commons, Cookery,
CTiswe Banner, Davis, De Bruler, Dimmett, Dobson,
Dole, Daughery, Doyle, Durham, Ford, Frazier, Fuller,
Goodman, GoOding, Graham Hamilton, Hankns, Harvey,
Heled, Huddleton Hull, Hunt Keser, Kinney, Lane,
Lichebeger, Little, Lockwood, Lowe, May, Mccormick,
McKinzie, Meredith, Miller, Mills Morrison, Nef, MINI
mons, Norris, Orr oon Parker Psrher. Richmond Robin
son, Sacket, Short Smiley Stanton, Stone, Sullivan, Swi
hart, Terry, Thompson Of c., Thompson OF C.. Trmby,
Widney. Williams Of K. Williams of M, Winstandley,
WOLF and MIR. Speaker, 81.
By Mr.. Brown, relative exhibition Of the Blind in
the hall Of Representatives, next Tuesday evening;
By Mr. Brown, relative exhibition OF the deaf and
dumb next Wednesday evening in the hall of Representa-
tiyes; adopted
By Mr. Slater relative to uquIng whether the lessee of
the State Prison. had violated his lease in certain matters
therein named; adopted
Leave given MIR. Robinson, make report of bill for
the relief Of the White Wafer Valley Canal Company with
amendments which adopted, and the bill passed.
BY Mr. Sanon relative to inquiry to the proPrieIy Of
passing law, preventing persons under tn age OF l6 years
to unless they read the BIbe and cast
counts take effect after the year 1853 regards white
that the be made the provisions of the
school law
Mr. OtOn, by inserting in said resolution amendment
SUNLESS he was good wbg."
Amendment adopted, and the resolution amended
adopted
By Mr.. WIdney, relative to inquiry expediency Of
exempng certain real estate from execution contracts
hereafter made adopted
By Mr. Harlan, relative to requiring dispositions to be ia
ken under the laws Of other testimony; adopted.
By Mr. Terry, relative to the propliety Of abolishng the
present law relating county prosecutors of inquiry
the same indefinitely postponed
And the House Adjourned