The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1858-02-06

-as LIns-ea3 eat 3adg .I'{t3 .7fr9
Pending which, it was again found that 7
qunrum was present, when the commit,
zoe, reported the above bills with the r
concentrations.
HOUSE-Tbe House was called to ord,
by the Speaker pro tenn.
PETITIONS.
By Mr.. SEELY: From the Commissio,
ers Of Wabashaw County for the repeal
the act Locating their County Buildings
Referred to Committee on Towns and Coul
ties.
u REPORTS.
The Committee on Towns and Count,
reported ack the bill defining the North liu
OF Mecker County, With amendments. Cor
Cured in.
Bill! 8 INTRoDUcED.
FL BY Mr.. STEVENS To amend the az
incorporating the Nininger and St. Pete
Western Rail Road Company.
By Mr.. CAMPBELL: To incorporate tn
Point Douglas and St. Paul Railroad Com
pany; Referred to Committee on Incorpora
tions with instructions to bring in genera
Incorporation bill.
BY Mr.. STARKEY To amend the gene
raj Railroad law. Referred to Commute
ON Towns and Counties.
By Mr.. YOUNG: For State road from
Wlnnebago to Ottertail City.
~ COMMITTEE OF THE WHOLE.
The committee of the whole, Mr.. STAR
KEY in the Chair, hal under consideratisl
the Senate file of bills and made the follow
ing recommendations: .r-.rF
80 For a State road from Faribault to Viii
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. sr
TO amend the act Incorporating the town
of Lacrescent. To third reading.
Memorial for a mail route from Lacrescent
to Winnehaso city. To a 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 engrossed.
To change the north line of Meeker coun-
ty. To be engiOssed.
THE CENSUS.
Mr.. PECKHAM introduced the following
resolution:
ResoIrcd, That the U. s. Marshal for Min.
nesota he requested to communicate to this
House the result Of the ensrs of Minnesota
which has recently been taken under his d..
reetnn; and the chief clerk be instructed to
communicate THIS resolution t. him. Adop-
ted.
LET US co SLOW.
Mr.. BEARCE introduced the following
'esOluli,n:
Whereas, Reliable information has been
'ecelved from The Capital of the United
States, that the speedy admission of Mime.
'ta intothe Union isimprohable, and whereas,
here Is much DOUBT as to the legality of laws
signed by the Acting Governor !; therefore
% it
R'solUed, That fro and after this date all
bills and memorials before this House sor
heir action shall, il passed, remain in n.
lands OF the Enr,:..iin Committee, until the
-"sernor of this Stats shall be- duly qualified
o perform the duties Of his Office.
MI YOUNG moved that the resolution
'e indefinitely postponed. Carried-ayes SO,
lays 33-a party vote with one exception.
RANV pIuI
The House then took up the bill to au-
horize the business of banking.
The following amendments proposed by Mr..
the other day, after some dis.
ussion were rejected:
SEC Each Bank or Banking Association
erein authorized shall receive at par at the
'fice or banking house of said Bank or
Banking association in tie paymcn, Of debts
|ue such Bank or Banking Association the
'otes of circulation issued by any other Bank
# Banking Association authorized to issue
UGH notes by this act, which shall, at the
line redeem its notes in gold and silver coin.
SEC.-No Bank or Banking Association
hall either directly or indirectly, pledge, n.y.
or exchange, any Of its notes OF
circulation, for the purpose Of procuring
money to be paid an its capital stock, or to
e Nsed 70 it's ordinary banking operations,
r for the purpose of purchasing stocks to
e deposited with the Comptroller of State.
or shalt any Bank or Banking Association
pply, or permit to be applied, hypothetical.
r pledged, hyperion Of its capita! stock, to
he purchase of certificates of stock to be
eposlted with the Comptroller O, State. as
Dliateral security for the redemption of its
otes of circulation
Substitute for Section IS:
Every Bank or Banking Association de-
wing any of it's powers from this act, may
IKE, reserve, receive, and charge on any loan
discount made or upon any note or bill of
Schanee, or other evidence of debt, at the
lte OF thirteen per centum on the amount
any such nute, bill of exchange, or other
Vidence of debt, so discounted ard no more:
r0rded, however, that interest may be re,
,lved or taken in advance at the time of
aking the loan, or discount acco: ding to
ne usual rates of banking or as calculated
kow'e;i's Tables. and the knowingly talk |
=, receiving or charging on any debt, or de |
ANA payabie at such Bank or Banking As |
'ciat,Cn OF a rate Of interest greater than !
lat allowed by this Section shall be held |
I'd adjndged forfeiture of the whole inter
t; but the pu' chase, discount, or sale of
II Of exchange PAYABLE at any other place
an the place of such purchase, discount or
re, at the current rate Of discount or pre-
'nm, slaii not be considered as taking, re-
rvlng or receiving interest; Prorided, no
reemept OF understanding shall be made
at the same Shall be paid at any other place
On that at which it is made pay able.
Mr. OTIS proposed an amendment requir.
that the expenses ofprntesting the notes
any bank should be- at the expense of the
nk' unless said bank waive protest.
iopted
Mr.. BEVANS proposed to amend the 9Th
ction by reducing the amount ofhullIn re.
1ned to b. kept On hand, from one fifth 10
amount equal To one tenth Of their cireu-
ing notes. Lost.
Mr. SFAkREY moved substitute for
cttm seven, so as to 81 ow h.nk,no an the