Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1849-11-15

schools Tor the past year, For distribution; rctcrr
ed TO committee on education. Also bill 10 IN
corporate the Bellows Falls water company; re
ferred TO Senators from Wndham county.
Mr. IIozen called up the bill amending section
30, chap. lS, r. s., Of school districts, providing
for The division of one half the school money il
each district instead Of one fourth, and favored
the passage. Opposed by Mcssrs Parker, Nc
Lean, Weston, and Thomas. A motion to lay OF
the table by MrRice, was lost, aud the Dill rejec
ted
A joint resolution by Mr. Thomas that the
Treasurer be directed 10 collect ali the money
now due on the States school fund referred Il
committee on education.
communication was received from the Gov
ernor on the subject Of resolution relative to the
Statues of Allen and Chlttenden, stating tina,
he had no information on the subject in his pos
session.
Adjourned
HOUSE.
The Speaker appointed the following as com.
miitec to make up the debenures, -Messrs Mer-
rlt Stevens, Martin of L., TIlden, Barney, II IT.
low, ketchum, Bean, futile, Cochrane, Leavins
OF H., Town, Pinney Of q. and Butler of A.
RepoHs. OF committee on Elections, bill to
alter chap. J. X. s., relating TO elections, adverse
~ dismissed. or select committee, bill provi-
ding damages in case Of wrongful act, neglect
or default; third reading refused OF commit
Tee on Elections, bill relating to election of town
representatives, by substitute, which was adopted
and bill ordered to be engrossed OF commit
lee on Roads, Senate bill to incorporate The La
mobile county plank road company, favorlby with
amendments which being adopted, the bill was
read the third time and passed. Enabling rail
road corporations to purchase water, without
opinion; on motion of Mr. Rice, referred to the
Judiciary committee. OF select committee, bill
TO alter time of Supreme Court terms in La
noble, Caledonia, Orleans and Essex counties
iavoaby engrossment ordered.
MIR. Dixon asked the suspension of resolution
prohibiting the introduction OF bills after Tues
day morning last, which was granted, and a bill
TO protect the homestead was offered by him and
referred IL a select committee of three. The
chair announced Messrs Williams, Hubbel and
Dixon, as such committee.
MI Carr of Castleton had leave of absence
after tomorrow morning.
MIR Vail called up motion to reconsider the
vote refusing third reading to bill TO author
ize the business of banking: the question.
Mr. Hubbe demanded the yeas and nays, which
were as follows yeas 90, nays o.
Mr. Vall then moved 10 dismiss the bill, and
renewed discussion followed. Mr. Woodbridge
led off the debate by spirited reiteralon of the
arguments made by him yesterday. Mr. Kit
tredge followed. He saw nothing Of party
character in the vote, as intimaled by Mr. Wood-
bridge. Many of the arguments of the oppo
nents OF the bill, were better calculated to bring
odlum upon the bill than present it in fair and
candid manner. The arguments had been an
tagonlstic. He was in favor of the bill The
argument that the present banking system was IA
safer one than this would be, was moi true one
A specie basis was The safest of all. The bonds
given by the Directors under the old system
were not sufficient. Ii a bank fail with $50 600
III circulation, the specie cannot be found with
which TO redeem the bills. In his opinion the
bill before heHouse was infinitely the surest one.
he thought the bill would tend more TO limit
The establishment of banks than the old for
here, men could only 60 into the operation upon
The real fund which was requisites; under the old
system banks were permitted upon u fictitious
basis. This bill would result IN period to ex e.
lStence OF all banks unless there was first a cap
ial-would save much tine TO the Legislature
now spent IN considering applications, besides
all the gaming, to get capital stock into the
hands OF the few. 1t did appear to him that ii
must forever render circulation perfectly sure
Mortgages of real estate and the specie were
the safest Of all stock. These and other con
slderdtlons gave HIM decided preference to the
bill, over The old system The fact that New
York had owed the system, and had since ill.,
corporated II into her Constitution as the only
system on winch bank could be established,
ought TO have is due weight in our considera-
lions.
Mes>rs Williams and Vail followed, against
the bill, and Mr. Rice supported it in earnest re
marks, when on motion the House adjourned.
SENATE.
THURSDAY, Nov. 3.
Prayer by the Chaplain.
MIR. Colburn called up the bill repeating the
act relating TO school monies, and it was ordered
to be engrossed.
Mr. Weston introduced resolution asking the
secretary OF state 10 inform the Senate whether
The Revolutionary papers purchased by the state
had been delivered to hlGself or the librarian
laid on The table
E"grossed Bills. Rcpealng an act relating
to grand taking attornles and physicians
passed, 10 to .. Relating To taxing live animals
IN addition to chap. %, X. S. Mr. Royce moved
10 COMMIT for amendment, as follows: whenpy.
er any property is left in the possession Of the
debtor, subject to attachment, the officer shal
post up three notices in the town where it il
taken, stating lie nature Of the'properly, and lhe
clnlW, also the amount, the name OF The creditor
debtor and court, and when taken on execution
he shal state the day of sale, The amount OF The
Claim, both The damages ana cost, names of pur
ties, aud authority signing the execution. The
mo'i0n was lost. Mr. Plat moved an indefinite
posiponement. The motion was opposed b,
Messrs. liazen and Thomas, and supported b,
MIR Parker, and carried 10 to9
Reports. By Mr. Dean, from select conmitte,
consisting OF Senators from Wndham county
in favor OF House bill to incorporate the Below,
Falls water company; passed. BY Mr. Mclean
from select committee petition of ID. 5. All
bot, IN favor OF bill TO incorporate the Bcllwale
Plank road company; laid on the table on motor
of Mr.. Parker.
a communication was received fro the Gov
erhor, stating III accordance with Joint resolu
lOn adopted last session, he had received tire,
Mexican ahces.
MIR French called up the resolution rclaunl
TO the revolutionary papers, aud 1t was adopted
House BHls-ltclutlng Ia Railroads, aud 10 IN
corporate the Montpelier aud Connecticut rive
railroad company; referred to committee ou
roads. Amending an act relating To common
schools; referred 10 committee on education.
Mr. Chandler moved The subject of letters iron
The Speaker of the Canadian Parliament, be re
terred TO The committee on The library, whic
had been previously referred TO joint comml,e
under the 9th joint rule adopted.
MIR Bigelow called up The resolutions on III
subject OF slavery. Messrs BIgeow, Chandler
rarker and Walker spoke in favor OF their adop
'on' ana Mr. Hazen opposed.
! rehuihg Tie discussion on motion of MIR Yves
ton the Senate adiourned