The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1857-10-14
Wharton made motion to postpone indefi

wharton made motion 10 postpone indeh
nilely.
The motion was seconded by MIR. HE
stand, and prevailed--yeas SO, nays 1.
Mr.. Hancock read in place resolution
relative 10 the final adjournment of the Legis
latufe.
The House, on motion, proceeded 10 il,
consideration. The resolution provides fo
a final adjournment al 12 O'Clock, NJ, to
morrow.
Mr.. Hiestand moved TO postpone the con.
sderalioE of the resolution till Tuesday mex,
No! agreed io--yeas as, nays47.
The question recurring upon the resolution,
Mr. Thorn hoped that Mr. Hancock would
withdraw his resolution, and If moi, he ap.
pealed 10 the good sense Of the House TO vote
il down. The House had approved of mo
tion for The appointment OF committee of
thirteen 10 consider the VIII ole subject of the
crisis, and now an effort was made 10 adjourn
before The oommillee had acted. He stigma
tiZed such conduct as silly and childish, and
| hoped The proposition would be defeated
The country wanted legislation, and il was
the duty OF the House not to defeat The wish
es OF the community. Adjourned ill 8 O'Clock
p. NJ.
afternoon Session--Mr Gldea's resolution,
asking for information from the banks be-
fore lesalizing The suspension, came up on
Mr.. Hancock's g amendment, setting time in
January next instead of during the presen,
session.
Mr.. Hancock had moved 10 go into Com.
miltee of Tue Whole for special amend
ment, but withdrew his amendment TO per-
nit Mr.. Gildea 10 offer substitute.
The substitute being offered, Mr. Hiestand
moved 10 go into Committee of the Whole
for general amendment.
This motion was defeated, and the question
REQUIRED on the motion 10 go into Committee
of The Whole for general amendment.
Mr. Lonsaker asked Mr.. Gildea 10 accept
the words "lheir condition during the last six
months" .
The substitute reads as follows; That The
Cashiers OF the several Banks of the Com
monwea,h make forthwith list, under oath,
of the amount of moneys loaned by each
Bank the time when loaned 10 individuals
and firms. Also, the amount of rotes in cir
culation, the specie on hand, and the amount
OF deposits; all assets convertible into specie,
together with the particular trade or business
in which the borrowers were engaged
Mr.. Ball opposed The resolution, because it
instituted an inquislorial power, not within
the province OF the Legislature The Legis-
lalure possessed such power 10 limited ex-
tent, and such report as the resolution con.
templates would expose Improperly private
affairs, and there was no right or justice ir
such proposition.
Mr.. Glldea said the report would show
whether favorilism had been exercised. Fa-
voritism is publicly charged against the
Banks, and it was proper that the public
should know all the facts. The public vel.
fare demands this much.
Mr.. Johns suggested as an amendment,
that the word corporate" should be inserted
before companies.
Mr.. Gilhea said il was not uncommon for
Banks 10 throw ont paper, and Tor persons
standing al its doors to hail the parties with
the rejected paper 10 discount il for them
Should the report show whom the money
was loaned. the Legislature can discover the
fraudulent implicitly between the banks and
those parties
Mr.. Thorn playfully said, that il informa-
lion was wanted for the million, the resolution
should embrace the licensed brokers' asking
them from whom they borrow money. Both
sides should be heard, and the ch ain of evi.
dence thus established. The investigation
would be thus complete, otherwise not.
Mr.. Longaker favored the resolution. No
man can object 10 have his namo published
il his affairs are honest. Business men al.
ways exhibit their affairs TO their creditors for
the purpose Of acquainlrg them with the
amount of their debts and assets; and this
reason held good ia bank matters as well as
in private affairs. The banks acknowledge
their insolvency by their suspension and
their affairs ought 10 be made known 10 The
people. The banks of Philadelphia will
KIN ow, 10 morrow morning, by reading the
newspapers of that city, of this resolution de-
maGdlng an investigation Of their affairs, and
they will be able TO give partial, if moi full
information, within this week.
MIR. Eys,er held that there was an analogy
between private debtors, and that this propo-
si,ion was not a correct one. For instance
private creditors never require the publica-
lion OF The affairs of debtor 10 the world
Such publication would wound sensibIy The
whole community, and the proposition that
banks should exhibit their private afisirs as
we'll as insol*ent firms, was not applcabls.
MIR. Thorn cared moi particle for the pas
sage of this resolution. The folly OF this in
ou,ry js shown from The fact that it, as ii has
been stated, the Banks are debtors 10 the
Commonwealth a million Of dollars, how
convert this into specie? This fact alone
shows the folly of the inquiry. The Banks
are not here asking legislation. The people
the laborins classes-cemand ii No man
dare return 10 his constituency, refusing leg
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