The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1858-02-06
SAINT PAUL. MINNESOTA TERRITORY SATURDAY MORNING. FE

Pending which, it was again found that NJ
gu rum was present, when the committee
zoe, reported the above bills with the re
comnendatiOns.
HOUSE.-The House was called to orde
by the Speaker pro tenn.
PETITIONS.
By Mr.. SEELY: From the Commission
ers Of Wabashaw County for the repeal O
the act locating their County Buildings
Referred to Committee on Towns and Coun
ties.
The Committee on Towns and Counties
reported ack the bill defining the North lin,
OF Mecker County, with amendments. Con
Cured in.
Bills INTRODUCED.
BY Mr.. STEVENS TO amend the &C,
incorporating the Nininger and st. Pe,el
Western Rail Road Company.
By Mr.. CAMPBELL: To incorporate the
Point Douglas and ST. Paul Railroad Com.
pany:; Referred to Committee on Incorpora
tions with instructions to bring in general
incorporation bill.
BY Mr.. STARKEY : To amend the gene.
raj Railroad law. Referred to Committee
On Towns and Counties
By Mr.. YOUNG For State read from
Wlnnebago to Ottertail City.
COMMITTEE OF THE WHOLE.
The committee of the whole, Mr.. STAR:
KEY in the Chair, hat under consideration
the Senate file of bills and made the follow
ing recommendations
For State road from Faribault to Will.
ton. To third reading.
For State road from st. Paul via Lake
Como to Superior. To third reading.
TO extend thejurisdiction OF Justices of the
Peace. To third reading.
L" allow Justices of the Peace to enter
Judgement upon confession. To third read
Ing.
To amend the act incorporating the town
of Lacrescent. To a third reading.
Memorial for a mail route from Lacrescent
to Winnehago city. To third reading.
MIR. TALBOT in the Chair, the committee
of the whole, had under consideration the
House file Of bills and made the following
rec lamentations:
Memorial for mail route from Glencoe to
St, Peter. To be en2rnssed.
1" change the north line of Meeker coun-
ty. 10 bn englOssed
THE GENUS.
Mr.. PECKHAM introduced the following
resolution:
Resolrtd That the U. s. Marshal for Min.
nesota he requested to communicate to this
House the result OF the c. ns',s Of Minnesota
which has recently been taken under his d.
reetl"n; and the chief clerk be instructed to
this resolution t, him. Adop.
ted.
LET US co SLOW.
Mr.. BEARCE introduced the following
resOlui N:
Waereas, Reliable information has been
received from The Capital of the United
States, that the speedy admission nf Mnn...
',ta nt"th Union isimprohable and whereas,
there IS mrcG d"uhs Us to the legality of laws
signed by the Acting Governor therefore
be it
RtsolUed, That fro m and after this date all
bills and memorials before this House sor
their actrrn shall, il passed. remain in ~.
bands OF the Enr.:!..,ii Comp,;;,se, until ihr
-."ternor of this Stats shall be duly qualified
TO perfQrm The duties of his Office.
Mr. YOUNG moved that the resolution
be indefinitely postponed. Carried-aycs Sc,
nays 33-a party vote with one exception.
BANK BILL.
The House then took up the bill to au-
thorize the business of banking
The following amendments proposed by Mr..
the other day. after some dis.
russion were rejected:
SEC Each Bank or Banking Association
herein authorized shall receive at par at the
oilice or banking house of said Bank or
Banking association in tie payment, Of debts
due such Bank or Banking Association the
notes OF circulation issued by any other Bank
Or Banking Association authorized to issue
such notes by this act, which shall, at the
time redeem ITS notes in gold and silver coin.
SEc.-No Bank or Banking ASS s'ciation
shall either directly Or indirectly, pledge, hy-
polhecate or exchange, any of its notes OF
circulation, for the purpose Of procuring
money to be paid sn its capital stock, or to
De USED ~ IT'S ordinary banking operations,
'r for the purpose of purchasing stocks to
'e deposited with the Comptroller of State,
lor shall any Bank or Banking Association
'pply, or permit to be applied. hypothetical.
,r pledged, any portion Of its capita! stock. to
he purchase of certificates of stock to be
deposited with the Comptroller Of State. as
collateral security for the redemption of its
lotes of circulation.
Substitute for Section "a.
Every Bank or Banking Association de-
wing any of its powers from this act, may
axe, reserve, receive, and charge on any loan
'r discount made or upon any note or bill of
Exchange. or other evidence of debt, at the |
ate OF thirteen per centum on the amount !
t any such note, bill of exchange, or other
violence of debt, so discounted ard no more:
DrorMed, however, that interest may he re.
elved or taken in advance at the tune of |
making the loan, or disc unit acco: ding TO |
he usual rates of banking or as calculated |
Row'e'i's Tables, and the knowingly talk |
~, TeceiV'rg or ci. .arGing on any debt or de
hnI rayabe at such bank or Banking As
pciat'DD Oi q rate or interest greater than
hat allowed bv thi, Section, shall be held
10 a'Jidged forfeiture OF the whole inter
st; nGt the pun chase, discount, or sale of
Ill o! exchange pivab'e at any other place
han the place OF such purchase, discount or
ne, at the current rate Of discount or pre-
l'nm, 81 al. not be considered as taking, re-
erv'ng or receiving interest; Frorided, no
eee'nent or understanding shall be made
1ai the same SHALL be paid at any other place
aan that at which it is made pay able.
Mr. OILS proposed an amendment reuur-
lg 'l'a' the expenses ofpr'testing the notes
+ any bank should be at the expense of the
ank, unless said bank waive protest.
dopted
Mr. BEVANS proposed to amend the 9Th
'ction by rs1ucing the amount ofhul"n re.
III: ed to b. kept On hand, from one fifth 70
h amount equal to one tenth Of their circu-
ting notes. Lost.
Mr., SFAkkEY moved suhst;tnte for
nrEo nG