Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1849-12-27
SENATE
FRIDAY, December 81.
Senate met.


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SENATE
FRIDAY, December 81.
Senate met
Reports Of Committees
Mr. Miller fiom the committee Corporation reported
back the bill 10 amend the charter Of the lafayette usu
company. with amendment, upon the, adoption oil
a mai sy of the committee recommend its passage;
the eport concurred and amendment adoPed-ayes
90, noes IA.
Said company be allowed demand receive
from any insured per0n Of any bill Of exchange promise
soy any mortgage security a' an assignment on The
zeal or personal estate Of sand insured e,son Tor their own
special benefit and security for their security 'iny
with any other peIsJn.
That the said company shall not be allowed or construed
under the act 10 emit bills Of credit
guarantee insure bank bull bill of exchange, pro-
msory mute other bill Of credit pass currency in
Indiana may Issued 10 this any other State,
payable Of this State, al any bank IN the same
The following the remarks Of MI Reid of Union, IN
support of his amendment to the bill:
! Mr. PnEsIDENT:-HaviDgv voted the Affirmative now
purpoSe Of moving OF the vote
of the Senate, and when hat done shall luther move
that bill be ,ecommed to the Committee on Coz pora-
lions with the following inuc1n 10 The nature oil amend
ments, TO be inserted in their proper places
MI President, in rising make these amendments, do
from dee 10 prevent the passage OF the b Out Tor
the purpose perfec,ng the The act before us is
granting large and important privileges To the M
pany and unless the amendments proposed adopted
cannot for the Young as am aud without
the experience and knowledge Of the Senator irm Maion
yet know little of banking, and from hasry Pe,u-a
/
ers may be claimed under this charter
Mr. President daiy quad the rights and piiv-
eges of our citizens TO p'erent fraud and imposition" 10
limit extraordinary powers claimed by the III nds oi
corporations of the day. and when we have done
ought foster and associated wealth and
capital when these investments are made Tor the oeneh oil
our the development of The riches Of our
beloved State
Mr. President demand that the examine carefully
the purport Of these amendments aud before casts its vote
fully informed and advised to the bearing Of
the whole For this purpose call on the sober
second thought of the old democracy f indiana with that Of
the moderate wings this foo and ak them to vote or
country and the welfare Of her
citizens When this DONE the constituents Of my fellow
senators cannot blame them for he conduct certainly not
for giving consideration before
for DUNG that which in their sound judgment done with
all the lights before them. and what ihey did believing be
| right
With these remarks question in the hands of
The Senae with the earnest request that my amendments be
incorporated the amended charter, before the same be-
comes the law of this State.
The amendment was adopted
Mr. Berry moved refer the bill TO select committee,
with instructions to add
Sec The Legislature reserves the right to alter or
amend tie charter.
Mr. Eli, moved to lay it upon the table the ayes and
noes demanded by two senator's
Those who voted ia the Affirmative are,
Mes,rs Cassat Conduit Conett Day. Dole, Ellis, Carver
Graham, Hamrick, Henry, Hendricks Herod. Holloway,
Houghton, Hubbard, Lyon, Maiiia, McCoriy, Mikin,
Montgomery, Morgan, Ode, PuItei Reid OF Uuin Rous-
Those who voted in the negative are,
Messrs Berry, Dawson English, Evans, Hanna, Hardin
James, Kinnad, Miller, Morrison, Read OF ClaIk, and
Woods-I2
So the instructions were laid on the table.
Mr. Berry moved to refer the bill TO select committee
| with in siTuctions to add
The General Assembly reserves the light 10 re-
duce the of allowed 10 be taken by Ih. char
ter vz ten per cen provided such reduction shall not be
below six per cent. per annum.
MIR Ellis lay the in trucons the table; the
ayes and noes demanded by two senators.
Tho,e who voted IN the affirmative aie,
Aesrs Cas>su Conduit, Cornett, Dole Ellis, Graham
Hamrck Harvey. Hendricks, HeIod, HALFWAY H'ughon
Hubbard, Lyon McCay, Montgomery, Mo'g'u, 0del, Pit
ter, Reid Of Union Rousseau, Sleeh, Teegaden' Walker
Those who voted in the negative
Messs Berry. Bugh Day. Dawson. English Evans, Gar
YER Hanna Hariin Hufetter Kinnard Malott. Ma, tin
Miller Mikin Moi.on, Read Of Clark. aud Woois-lS
So the in s,ructions were laid on The table.
Mr. OdeII moved previous question, which second
ed Senate determined TO have the main question pm
now and the bill ordered be engIossed aud read
third time iomouow-ayes q, noes IL.
Mr. Conett reported back the bill 10 amend the charter o.
the Delphi plank road company passed TO third reading
Mr. Hubbard reported back the bill TO incorporate the in
Mec.v ,e"osed bach the bill to thu
Grand Rapids manufacturing company passed 10 'hI'
reading.
live stock insurance comPanyi bill reeOmmed to Sc
lect committee -
and Waroo turnpike company passed TO Third reading
MIR MIIiikn reported back the bill to amend the charter
the Lawencebugh and Napoleon turnpike eompany passe
| 10 a thid reading
Mr. Porter reported back the bill to amend the law rela
tive TO plank roads re-commtted to select committee.
Mr. Lyon reported back the bill to consolidate the Rich
mond and Wayne Turnpike Companies and for other pur
poses connected herewith; passed to third reading.
Mr.. Miller reported back the bill TO incorporate tn
: Union Turnpike Company; passed 10 third reading
Mr. SIeeh from the committee on Benevolent lnstItu
tons to whom referred several memorials asking III
Legislature TO establish Siste Orphan Asylum, repore
that il is inexpeden egsate on the subject at IN
| present time, account Of The embarrassed condition
the State Treasury; report coDcured in, aud the memo
!, rails laid on the table.
The Joint resolution for the relief Of James GsetIy
taken up and passed third reading Ayes 81, Noes
Reporis from Seized Committees.
,l Mr. Herod reported hill to incorporate the town
4 Huntsville; read first time.
Mr. Rousseau reported back the bill repeal the Ia'
providing for the election Of Prosecuting Attorneys
counties with amendment, upon the adoption OF whc
they it's PASSAGE report concured IN. amend
mens adopted and the bill passed third reading Aye
: ~, Noes Is.
Mr. Read of e. reponei bill to amend the charter {
the city Of JeffersonvIle; frs, time.
Mr. Randall reported back the bill relative 10 free Turn
pike companies Adams and Jay countless passed 10
third reading.
Mr. Ode reported back the bill to incorporate the TiT
> pecanoe Fire company passed TO third reading.
Woods reported hack the bill to the stretch
ing Of seins Laughery Creek and other streams
3 the State Of Indiana; passed to third reading.
On mott o, the Senate Adjourned.