Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1852-02-26
SENATE.
DIN n Z.
FRIDAY, Feb. 20, 1852.
Senate met.


Petitions, &c. Presented.
BY Mr.. Hanna, from citizens of Clay county, in rela-
ton to the removal Of the county Of said county
Referred to select committee.
By Mr.. Milliken, number Of petitions the subject
of temperance. Laid on the table.
BY Mr.. Henton from citizens of Miami county, in re-
ation to lands owned by Miami Indians. Referred.
By Mr.. Holloway, the proceedings of a public meet
ing Of citizens of Wayne county, in favor OF free bank
ing law. Referred to the select committee on that SUBJ
ject.
Reports from Committees.
BY Mr.. Defrees, from select committee, returning
the act to authorize general banking law, recommend
ing the adoption oI a substitute an amendment
Mr.. Secrest moved to amend the amendment by in
serting provision making Railroad stocks paving at
least six per cent dividends, the basis Of security for
MIR. Secrest said ne offered this amendment under the
instructions OF his constituents and he hoped would
meet with the due consideration Of the Senate
Mr.. De(Iees made lengthy and able argument in ia
vor Of the provisions of the bill.
Mr.. Wnstandey hoped the bill would be made the spe-
cial order of the day for Monday next 1t sub
was not fully made up. He wanted time for considera-
tion
Mr.. Dunn hoped the bill would be acted on now He
hoped such bill would pass This Legislature All
pereDce had shown that whenever and wherever bank
established anything else than large specie ba-
sis, such policy proved destructive to the banks and
disastrous the bill holder Mr.. d. contended that
this Dill proposed establish banks something be.
sides specie basis, and he opposed that
accoun; he wanted paper circulation that always
redeemabe in specie where il Issued He spoke Of
the difference between the ability of New York
tain system of banking stocks and that of Indiana
that it would be impossible for such a system here to
withstand crisis; that wanted more banking facii-
ties il true, but the past policy OF this State
PEELED look few chief commercial points Of
the State for such facilities and he could see no way 10
remedy this evil, but by repeating that clanse of the
Constitution which prohibits establishing safe cir
culating medium OF Mr.. D. spoke against the
bill at some length.
Mr. Secrest said he hoped the Senate would take a
vote upon the amendment offered by him. While
pending embarrassed in some degree the discussion
of the main question, which embarrassment, if the
amendment was disposed Of, would be removed.
Mr.. Secrest's amendment was not adopted.
AYEs-Messrs. Marshall, Secrest and Washburn-3.
NoEs-Messrs. Alexander, Athon, Berry, Brugh,
Dougherty, Dunn, Eddy, Emerson, Goodman, Hatfield,
Henton. Hester Hickman, Hicks, Holloway, Hunt, Ken
dali, Kinnard, Logan, Longshore, McCarty, Mckle,
Miller, Miken, Niback, 0dell, Reid. Slack Seeh,
Spann Teegarden, Turman, Walker, Winstandley, and
On motion of Mr.. Eddy the further consideration of
the bill postponed and made the special order Of the
day for Wednesday, March 3d.
Resolutions introduced.
BY Mr.. Kinnard resolution instructng the commit
insert certain provisions in the bill they
may report to the Senate on that subject Adopted.
Bills &c., on their Third Reading.
House bill provide for the speedy redemption of the
Joint resolution Of the House asking an appropriation
build ship canal around the falls of ST. Mays river
Passed-ayes AZ, noes none.
House bill to sell the States interest in the Madison
and Indianapolis Railroad, taken up.
long discussion upon the merits OF the bill,
and after several Intellectual motions were made amend
and before coming a final vote upon the measure,
Senate adjourned.