The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1857-03-03
Constitutional Convention,
WEDNESDAY, Feb. rs

ger.
Constitutional Convention,
WEDNESDAY,, Feb. IS.
Messrs. Johnston. CLARK, of Johnson, and
Parvin were appointed Committee on Ex-
penditures.
In Committee OF the whole on the report
Of the Committee on Education and School
Lands, 4 long discussion ensued on the
question Of substituting the FIRST section of
the minority report for the first eleven sec.
tons Of the majority report. when the Com
mittee arose and asked and obtained leave
to cit again.
Resolutions fixing the salaries Of the
Convention officers were passed.
In the afternoon the Committee OF the
| whole sgain resumed the discussion of the
educational report, which was finally re-
ported back with amendments. and made
the order Of the day for tomorrow.
The report Of the Special Committee on
interpretations was then taken up
Mr.. Clark, of Henry, Introduced an
amendment. providing that no nc. au hor-
ling corporations with banking powers
shall be repealed TILL the repeating act shall
have been submitted to. and carried by a
vote of the people.
Mr.. Wilson offered an amendment, Pro-
viding that before the issue OF bills by any
bank, they shall be registered and counter
signed BY some officer of State, and that
all banks created under a general banking
shall deposit as security with such officer,
interest paying stocks of the UGited States
or of some of the States, in amount, equal
to their bills issued, to be rated al ten per
cent below their average market value in
New York for thirty days before their de-
posit.
The amendment was adopted by vote
Of az to Is.
NJ. Traer offered an amendment, prosid-
ing tha, no county shall create debt OF
more than 100000, by taking stock in, or
issuing bonds to railroads
Mr. CLARK. OF Alamsk.e, moved to amend
By striking out 100000, and inserting six
per cent on taxable property Of the county
Mr.. moved the previous question,
which was carried
The amendment was voted down by a
vote Of "a 10 Is
The report q The special committee was
gr,t "A lausn he Of ne
Mr.. Skiff moved that the report oil the
standing committee on Interpretations be
laid on the table, snd made the special err
der for Friday morning, which was lost / 5
ayes Is nays.
| The Convention then adjourned.
THURSDAY, Feb. 26
Mr.. Johnston offered resolution appoint
ing special committee to inquire into the
expediency of additional section to the re-
port of the standing committee on edaca-
ton and School Fund which was adopted.
Messrs. Johnston, Clarke of Henry and
Clarke of Aismskee, we're appointed that
committee.
aN fotN W "htNh thN f1iN VI NAE Pc
cial committee on lneor porstions was re.
ieeted, was reeonsidered. As the subject
is important we extract the whole OF The
reported proceedings on this subject:
! Mr.. Wilson offered an amendment progi.
ding that IL S,s,e hank and branches are
established they shall be mutually respon-
sibls for the redemption OF each others notes
apd be founded on specie basis, which wa,
| adopted.
Mr.. Parvin offered an amendment making
the stockholders Of banks individually liable
! for the debts of the bank 10 double ,hei,
amount Of stock
| Mr.. Clarke Of Alamskee offered an a.
tnendment 70 the amendment prov riding that
the liability Of a s,oekholder shall continue
ior six months after he has assigned hi,
stock, which was lost, yeas II, nays IS.
Mr.. Emerson offered an amendment 10
tie amendment, providing that the Ulcers
( and stockholders OF all banks shall BE- Liable
for the debts of the banks, which was lost,
yeas 10, nays ~.
The amendment was adopted by vote of
20 to 8.
Mr.. Traer offered n amendment, making
the ot6cets liable TO the stockholders and
creditors Of The bank, for frauds and defsl
cations committed by them and the bank,
which wee lost, yeas Ia nays 81
Mr., Parsin offered an anne ndment giving
tie bill holders the preference over other
| creditors.
| Dir. Scott offered en- amendment 10 the
amendment, providing that The suspension
O specie payment shall never be ssne,ivn
| I'd, which vas accepted
| The amendment was then adopted
| Mf. Clarke ofJohne3n offered sub.li-
Ute for all that part Of the repor, after the
ouTth sec, II provides ibat the legislature
Say pa.s banking law, but il shall not
lase effect, ill il shall have been submitted
~ and carried by vote Of the people.
| Dir Harris moved the previous question,
! hch vac carried.
/ The substitute was lost, ayes 8, nays 80.
| The special report as amended was adsg.
| led, By a vote Of 80 TO b.
The article wac then ordered to be en-.
| FTgssed and read third time
The afternoon was occupied ia discuss.
a"g The report OF ,hs com. On m seeiianeoug
subjects The fire. sestisn of the repor,
Fas 81 amended, 10 to give justices OF The
Peace jurisdiction 70 the amount u one
hundred dollars. TIE section locating the
State University 81 Iowa City, WIS stricken
aat. An amendment was adopted that no
| unity shalt take stock 10 railroads, IL a
grea,ef amount than 8 per cent, on the tax-
side property Of The county. An amend.
meat giving the Legislature power 10 pass
lass prohibiting the traffic in intoxicating
| i4oors sc beverage. was laid on the table
by vote Of 90 to IS. Report ordered to
be engrossed and read third time.
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The GEEk1Es IN missouri FOR EMAsCt-
r1Ttos.-The German papers of Missouri
very generally come out in favor Of free la.