The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1857-10-14
alton Of notes Of a less Denomination than


MR.. BRowNE's ALL RELATIVE TO THE FLOATING
DEBT OF RAILRoAr AND NAVIGATION COMPANIES.
SIC. !. Prohibits said companies from in
curing floating debt greater in the sgare
gate at any ore time, than 10 per cent in the
capital stock paid in. And provides tha, al
engagements or promises TO pay, within five
years, shall be construed 10 be floating
debt.
SEC, 2. Requires all of said companies now
having a.floaiing debt Of greater amount, to
reduce the same as Aforesaid within one yea:
from the passage Of this act.
SEC. 8. Makes the President, Directors and
other officers of said companies, individually
liable for all the floating debt, authorized OF
contacted BY thsn beyond the amonn, here
in allowed.
Mr.. BROWNIES JOINT REsoLUTioN RELATIVE TO
TIE CONTROL AND RESTRAINT BY coNGREss
OF PAPER MONEY.
Resolved, That in The opinion of this Leg
islature, the time has arrived when 1t be-
comes the duty of Congress 10 exercise
whatever constitutional power it may pos
sess for The control or restraint OF the circu
ialion of paper money IN The several States
-of the Union, and if il shall be found that
Congress possesses no adequate power for
that purpose, then the Constitution of the U.
s. should be so amended as 10 confer on Con-
gress such power.
That the Governor be requested TO COM
municate copies Of this resolution TO our
Senators ant. Repre- sentatives in Congress.
s HOUSE-The House was called TO order
al 10 O'Clock. The roll was called, when
so members answered TO their names, 16 be-
ing absent. The absenlees are as follows:
Messrs. Benson, Ball, Chase, Foster, Hill,
Brown, Babcock, Backhouse, Decker, OF
Crawford; Innis, Mauele, Penrose, Reed,
Smith, of Luzerne; Brown and Zimmerman
Messrs. Wright and Souther, committee
from the Senate, informed tie House that
The SeEaie was ready TO proceed TO business.
A committee of three were appointed 10
inform the Governor that the House was
ready 10 proceed 10 business. Messrs.
Knight, Mumma and Norehead were ap.
pointed the committee.
Aiessrs. Yanyoorhis and Gildea were a2-
pointed the committee 10 await upon the
Senate.
(Messrs. Benson, Hill, Babcock aud Chase
here entered The Hall, reducing the number
OF absences 10 IA
Mr.. Gildea offered resolution requiring |
the banks 10 remit an account 10 the Gov
ernor, showing their condition, before any !
legislation should be had.
The resolution went 10 a second reading, |
and was then postponed for the reading oI
the Governors Message delivered by the
Secretary of The Commonwealth.
After The reading Of The Message, Mr. |
Husband read in place, on leave being gran
ted, bill relative 10 the suspension OF specie |
pay ments, and The better security of note
holders, which was ordered 10 be printed.
Mr. Gildea's resolution was called up, and
being changed 10 joint resolution, put upon
its final passage.
Mr.. jenkins opposed the resolution, de.
claring il impossible 10 obtain such informa-
tior as the resolution required within six
days, aud pronounced such delay folly.
Mr.. Gildea answered, that the Legislature
canno, act intelligently without information,
and forlhe wan, of ii might possibly affect
many business interests.
Mr.. jenkins responded. Ho did not know
that the banks required legislation. The only
special information came from the Governor
saying that there is financial distress, and
legislation asked for the people. He sugges-
led that the resolution should ask for infor-
nation 10 be submitted TO the next Lcgisla-
lure.
Mr. Hancock moved 10 strike out the
words ia, once" and insert the "second Of
January"
The Speaker decided lha, the amendment
could only be made by going into Commit
ee OF the Whole.
miuee for the consideration oi his amend
ment
The debate was further continued BY
Messrs. Gldea and Kaufman, when the
subject was postponed for the present.
Mr. Jenkins moved the appointment OF a
committee of thirteen 10 consider ihe Gov.
ernor's Message. Not agreed to-yeas II,
nays a..
The House then adjourned till tomorrow
at IL O'Clock.
HARRlsBuRG, October I, 1887.
SENarE-The Senate met at 10 O'Clock
his morning.
The Speaker announced tue following as
he Special Commillee OF Seven upon the va.
-ious bfils relating 10 the Banks: Messrs. Jor,
dan, WsIton, Lsubach, Taggart Cresswell,
lewis and Gazzam.
b The. Special Committee OF Five, was also
as follows :-Messrs. Browne,
Sillipger, Flsnniken, Welsh, and Wright.
MIR. Staub presented ten petitions from
.i,izens OF Schuylkill county, for the enact
nent OF law 10 relhedy the evils oil the sus-
pension Of specie payments. Referred 10 The
special Committee oil Seven.
Mr. Scofieh presenied a bill for the heller