Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1852-01-15
HOUSE OF REPRESENTATIVES..
MONDAY. Ian. ~ Is


The Hcrse met.
The Speaker announced tie following committee for
the purpose of nqurng into The propriey of establish
ING a State Board of Organizations: Messrs. BnsSrk.
Carpenter, SchnonoveT. Tnrbet, Doughty, DOuthii
Hudson, Beach, Hunt and Henry.
Reports from Committees.
By Mr.. Behm. from the committee on the Judiciary,
WHOM referred House bill relative 10 attaching
portion OF Knox county Pike county, that if the
amount pro- >ed 10 he taken from Knox docs not reduce
il below its constitutional Limits the hill is uncoasti.
uona and asked to he discharged from its further
sderaiion. The repmt Was coHcurred in.
The question recurring on the engrossment Of the
bin,
NJ. winiarrs o,,,ss,J he bill.
Nj Cs"aam hoped that the bill would be enSrossed.
MIR. Beach said lie differed with the Judiciary commit
tee. lie thought the bill clearly unconstitutional
lie Of the opinion that general law could be pass
ed. which would cover all such cases.
Mr.. Owen concurred in the opinion Of Mr.. Beach.
Mr. Nelson moved 10 refer the bill TO McsSrs Will
Gams and Graham; agreed -.
By Nlr. Stanfed, from the Judiciary committee, to
when referred bill relative 10 canan the name
Of the of Belonaine that il is unconstitutional
Report Of comsnlttee cOncnrred in.
BY Mr.. Beach. from the Judiciary committee 10
whom referred Senate hill change the Of
rail- Dads plankroads &c.. That it is OF dnnbtful consti
tuonaiy aud recommending its indefinite postpone
meut. Report concuIred in
By Mr.. Holman. from the Judiciary committee, 10
whom referred bill To le2slize certain acts OF
school commissioners that il nexpedent pass such
R~pnrt ncurred IN.
By Mr. Slan6eld. from the committee IN corpora.
,ios till Tar the Incorporation al plank. gravel and
MrAdamiz~d roads. Read The trst time.
By Mr. Spencer. from the committee on Banks to
vi om referred a sutton nstiuctng said COM
miitre TO irq"iIe into the prorriety of introducing
general free banking law have had the same under
>idr.afinn and nrity a. said committee report that
hrv ~ favor of the passage Of banking law
"a the present Session Of the general assembly said Law
To be we'll guarded; and for that purpose they recon-
mrn Tie ncurpors ton therein among other provisions
the following. tn-viI:
!. Bills shall bc issued upon the deposit Of United
States or State stocks amount exceed the
val of such stocks and that bankers shall be required
IN keen constantly on hand % per cent in specie.
Two-hirds of the security deposited may consist
of stocks aforesaid and third in nnin-
cfm cred rel estate. within The State Of Indiana
clnsively of ,crishalle improvements said mortgage
shall in exceed one-haH value such unIn-
numbered real estate after excluding Improvements
Aforesaid and tie Is per cent in specie to be kept
stanty hand as aforesaid.
g. la Determining the kind and valae Of stocks he
received. such slight discrimination shall he made in Ia
Of the bonds IL this State will tend bring them
hoe wi'e"ut cndangcring the security of the bill holder.
S25 Go.
Ms. English said he wished TO correct false impress
sion which seemed prevail here and elsewhere as TO
the opinion OF the standing committee Banks on the
subject Of free hankng. The gentlemen from Cass
(Air Siuar) in some remarks recently made spoke OF
tie hostility cf the standing committee TO free hanks rs
liked fact and this had been published nd
cent 10 the country without contradiction. This was
graz uifous and unioundcd He felt authorized 10 say
thrt evcry member al that committee Mas favor ol
eF guarded system Of free banking. and every nemb,
''t the chairman Mr. Spencer in favor Of passing
such law AZ this session. He made these remarks lor
the pose of setting himself and the committee right
before Ihe county.
Nj. Spencer said that he had heretofore offered res
ution o inquiry, hich had the House acted upon and
referred IL To the committee Banks hill would have
b en- reported from committee. bn the resolution
iaid tie table, he had taken il as the sense Of the
III use, that system of banking lie definitely
~et'lcd pm during the present srssion. He ilonsh
hen ard had MT vet heard 10 cause
LIS 10 change his opinion, that il wond be rexpedienf
." Iegsiae npon the suhe.i this Time IL had been
minated that le Was in favor nf State hank He
wished IN sly that he was opposed all hanks vet ii
we are 10 have banks, he favorable free hanks
Mr.. Donaldson moved lay the report on the table
Lost. ayes SO. noes 4S
The report then concurred in and referred 10 The
select .omniiitee on free bar kne--aves 46 noes d.
By Mr.. Beeson, from the committee on benc violent
md scientific institutions ~bom was referred the
fSeyy. " he her Reportrr is officer Of the House
rrpoued that Reporter is officer: good one when
ne shows partiay in his reports, bad one when he
io~s
Report conquered in unanimously.
By Mr.. Lewis. from tie committee on benevolent and
scientific institutions. bill for the relief Of the poor
fead The first time.
By Mr.. Bryant. from The committee on the rights
nd privileges Of the nhabi &c tie State when
referred resolution relative The af the de-
enton OF newsrspers letter from the Postmaster OF
the city Of Indianapolis.