Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1849-11-08

upon the polls as the debts in most cases balano-
cd The personal property; and he asked most
earnestly that aid might be granted. Mr.. Rice
supported the view of Mr. Putnam, and proposed
an oniendmout which was adopted. Motion to
dismiss and lay on the table, by Mr. Allen of
Middlebury, were both lost, and the bill ordered
to be engrossed.
Bill to authorize the business Of banking. was
called up. Mr. Vo opposed the bill At this
tine 1t was not necessary; the currency OF Ner-
mont was good and safe in Boston and New
orr, but the paper under the banking law was
subject TO shave Of 3 4 per cent The system
also gave the right to Dostonions and Workers 10
come INTO the state aud monopoze the whole
business
Mr. Woodbridge saw no objection in tho de.
tails Of the bill, but It's general principle was
bad one The paper of Vermont banks was the
very Dest-was even taken ut par in popular
oanhIng houses IN England. The currency was
a STEADY one-alwoys avoiding ductuation. lie
would not un3o the old system, because 1t was
perfec ly safe one
Mr. HuObe deemed the bill no experiment =
IL had been tried and proved. A measure of
This sort should be entertained. from the fact of
The numerous calls tor bank charurs. In coneii.
erng them members could d, hide more tbi
guess where they were actually needed This
DIi gave the rLht wherever Il was disposed
70 comply wi:h It's coudniuus; and who coud
better Judge Of The wants OF aay community than
me capitalists themselves; The objection # Alf
Val, that the stock would be monuyollzed Nv
foreign capitalists, was a allaciuus one, occauso
none pat our own citizens could Judge Of tha
pfocllcaDflty OF establishing such blnk For
eleheis would be TACO npctent to Judge of The
safety OF The investments made Mr. H. made
lurlher remarks IN favor of lhn bill, at considerl,
o'e Iensih, cttin- largely tue history of banks
aud banking systems.
AIR. Fall replied, anil On motion Of Mr.. Nash,
II was aid Oh Tie table TO be made the speoiai
order of this afternoon at three O'clock.
HE Speaker laid before the House "a conimu.
hlcaton from The Governor, stating that NJ. ).
Chandler declines the appointment OF Assistant
Judge for the county Of Essex; referred to tne
members t.o.n sad county. AdllurueI.
SENATE, P. M.
On motion oil Mr. lIazen, the rule prohibiting
the Introduction of bills after Monday last, was
suspended TO admit the introduction OF bill by
himself rendering Vpld the sale Of properly on 1
o eculon IN cectain cts9s; referred TO tie iudc.'
ihry Committee.
q communication was received from The G3v.
crnor Informing The Senate that Mirol ). Chand.
Ter had declined accepting The ofli &c of assistant
Judge Tor Essex county. The subject was re-
lerred 10 senators from that County.
Restitution trom the lIouse.-'rhlt both How
ses adjourn sine die on Wednesday, lln INST
at ID O'CLOCK y. NJ. Mr. Weston moved to aheud
Oy altering the tine to . a. NJ; lost, und The res
oiuton Was adopted in Concurrence.
Rpors. By Mr. Walker from committee on
education, on House bill to lcurporae the F,-
mae Co!eglHe Institute at Ncwbuty; passed
Dy Mr " cad from cumrittee on claims Ia favor
OF OIL to pay Cornelius Hardy The sun therein
MENTIONED, with amendment substituting A. dol
lars Tor IO dollars 50 cebts thlt be.nu taa urtu-