The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1858-02-02
Reported for the Detroit Advertiser.
STATE LEGISLATURES.
Extra Session.
LANSING, January 20, 1868, !
N 1S.Ie~l. d n

EAn0 9CoSsO1s
LANSING, January 23, 1858,
10 o'clock p. M.
In SENATE.-Senate met pursuant to
adjournment. Roll called; quorum pres
ent.
Mr.. Jerome, from the Committee on
the Judiciary, reported bill to amend an
act entitled an act to define the limits, ju-
risdiction and powers Of the Circuit Courts.
Laid on the table and ordered to be printed.
Mr.. Abel, from the Committee on FL
nance, reported bill to provide for the
payment of the members and officers, for
attendance on the extra session of the Leg
islature for the year 1858. Laid on the
table and ordered to be printed.
The President laid before the Senate a
communication from the Commissioner Of
State Land Office, in reference to the res
olution of the Senate of the 2lst inst,
asking f,r information as TO the number Of
descriptions or legal subdivisions Of the
Swamp Lands situate in each county
Laid on the table and ordered 10 be print
cd.
Mr.. Beebe, by unanimous consent, in
troduced joint resolution instructing the
State Treasurer Auditor General aud Sec
retary Of State, to examine into the af-
fairs and condition of the Farmers and
Mechanics Bank; the Michigan Insurance
Company's Band, and the Pcninsular
Bank, pursuant to the provisions of their
acts of incorporation respectively; and il,
upon such examination, tho said Treasurer,
Auditor General and Secretary of State,
shall become satisfied that any Of said
Banks have refused to pay any of their
circulating notes when lawfully demanded,
in gold or silver coin, that said Treasurer,
Auditor General and Secretary Of Stata,
forthwith appoint n receiver or receivers for
such bank, a.id that they take such other
measures as may be deemed necessary to
close the affairs Of such banks.
Mr.. Abel had no objection to the invcs-
tigation, but as the subject had not been
recommended in tho Governors message,
he thought it was not in order to introduce
tho subject at this extra session Of the Leg
islature.
Mr.. Beebe said, perhaps the honorable
gentleman had not read carefully the mes
sdGc VI thC ptNcInOI. tlC
to the following passage on the Sd page Of
the GovArnor's message:
"The depression in tho price Of land,
and all other articles, caused 10y the re-
duction in the amount Of bank circulation,
upon which VIC are unfortunately compell-
ed to rely mainly for currency, renders it
improbable that any considerable quantity
r,f lonIa xyN,ll k.;n1. la p..oa
established by law Of five dollars per acre."
This he regarded as direct reference TO
the subject Of the joint resolution he had
introduced.
Mr. Jerome believed that two Of the
banks were already in the hands of the
Auditor General, and that officer undoubt-
edly understood what was his duty. He
therefore moved that the resolution be laid
upon the table.
The Senate refused to lay the resolution
on the table; yeas ll-nays II.
On motion of Mr.. Congcr, tho joint res
luton was ordered to be entered on the
journal; yeas l9-rays o.
Mr.. Beebe also offered another resolu
ton extending the examination TO all the
banks in the State.
A motion 10 indefinitely postpone was
ncgatived; yeas 9-nays 10.
On motion of Mr.. Morrison, the resolu-
ton was referred to the Committee on
Banks and Corporations.
On motion of Mr.. Terry, the Commis-
sioner Of the State Land Office was re-
quested to inform the Senate rs to the pro-
bablc cost of advertising the Swamp Lards,
in order 10 bring them properly into tho
market.
Mr.. Lamb moved to amend, by adding
an inquiry as to the necessity Of advertis-
ing by legal subdivisions.
Mr.. Terry accepted tho amendment.
The resolution as amended, was adopted.
On motion of Mr.. Abel, the use of the
Senate Chamber was granted to the Lam
sing Literary Association ono eveLinS a
week dnring the present session Of tho Leg
islature.
Mr.. Meyers. by unanimous consent, in
troduced bill to provide for the sale of
the Swamp Lands, granted to this State
by an act Of Congress, hearing date Of
September %, 1850, and for tho DISPOSE
tion of the proceeds Of such sale. Laid
on the table and ordered to be printed.
His bill provides for the sale of Swamp
Lands, granted TO this State by act Of
Congress, dated Sept. 2sth, 1850, at
public auction in the smallest legal subdi.
visions, when requested by purchaser,
who within five years from the time Of sale
is required to procure the joint official GER
tificate Of the County Surveyor of the
proper county, and of the Supervisor of
the township in which the land may lie,
TO the effect that all necessary bitches for
draining and reclaiming the land described,
have bccn properly made and opened Of
the requisite depth, width, slope and fall,
upon which proof the purchaser shall be
entitled to patent from the State, for the
lands described in his certificate Of his pur
chase. 1t fixes the minimum price at one
dollar per acre, and also provides that all
moneys arising from the sale Ct said Swamp
Lands, shall be and remain fund for the
purpose Of reclaiming said lands in confor.
nifty to the provisions Of the said grant,
In case the purchaser or his assignces fails
To Derform the conditions Of tho sala con.