Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1853-04-21
MASSACHUSETTS LEG1sLATuRE.


AbEoDA1, april lS
AFTERNOON SESSION..
On motion of Alr Benchley of Worcester. ordered
that the Committee on Mercantile Affairs and Insur
ance consider the expedency Of adopting some pan
TO improve the trade IN this Commonwealth, and
prevent It's being diverted from the metropolis.
Nc Colt, oil Pitisfeld, from the Committee an The
Judiciary, reported BILL to amend an act concern.
Ing persons under sentence of death. Also leave to
withdraw on the petition of William Dickinson and
Others, relating private streets.
MIR Giles, OF Boston, asked leave To introduce
bill, providing that no hank in this Commonwealth
shall at any time, directly indirectly, make any
loan, or grant any discount, when the specie in its
vault, or kept on deposit oi the redemption Of its
Dls, rs less than ten per cent OF its capital stock
paid in, under penalty Of $500 Tor each offence.
Alter short debate, leave was granted, and the
bill took its first reading, and under suspension Of
the rules lis second reading, and the bill was ordered
to a third reading.
The special assignment was heu taken from the
table, and the consideration Of the bill to increase
the capital stock Of the Waham Bank, $4,000,
resumed.
Mr. Usher of Mediord, said he was not oppasedto
banks, but he thought The proposed increase of eight
millons, more than is required by the Of the
business community. He charged thatthe dominant
parry were anxious to grant capi,a now, lest
they might not have another Chance for ten Years.
The question was then taken on passing the bill
| TO he engrossed, and resuIted--yeas l29 nays 81.
ne Ulll 10 increase the capital stock oil The North
| Bank in Boston, $3.50, 600, was then passed 10 be
| engrossed, without a count.
w WEDNESDAY, April 20.
SENATE. The morning business was unimpor-
tant, and the orders Of ihe day being taken up The
following matters passed to be engrossed bills
| supplementary to act to incorporate the Massa-
chusetts Horticultural Society; authorizing Timothy
L. johnson to construct railroad track in Province
town; authorizing isaiah Baker and others to con
struct dam across Herring river; in favor of Sa-
rah Newton; relative 10 salaries Of certain officers
of the Stale Prison; TO change the name of the
Fourth Religious Society in Newbury; to incorpor.
ate the Foster Rife Manufacturing Co. in favor OF
Rhoda Jana; relative to receivers and conceaers Of
stolen aud enbeszeled property; Concerning the POI
lice Court of Boston, and the Justices Court of Su
folk county; concerning ship fever.
The Senate then in respect to the memory of the
the late William Rufus King, Vice President Of the
United States, adjourned.
House. Bills were reported-to incorporate the
Young Mems Rhetorical Society of the CITY of or
cester; to authorize John Kenny and Others, 10
build wharf in Harwich
The orders OF the day were taken up, debatahle
matter passed over, und seyeral4hils and resolves
passed TO be eHgrossed.
The bank ncFe Sc bills were considered, and that
giving to the Union Bank, Of Weymouth and Brain
tree, $4,000 more capital, was passed 10 be en-.
crossed
motion TO raise the sum of increase of the stock
OF the Mechanics Bank, Of Boston, from $50 600
to 800 600, rejected, as was also an amend.
ment that dividend should he madeSto the stock.
holders, before the capital is increased Of the mel
earnings in hand at that time and the bill passed tc
be engrossed Adjourned.