East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1860-09-20
CoNsrrrurIoNsL AslRNDaENrs.

CONsrrrUTI0NaL AsIRNBdENTs.
Besides the choice Of Presidential
electors, State and County officers, and
members of Congress and the Legisla-
ture, three observation-disclosures the Con
stitution are to be submitted to the PEG.
pie for their decision at the next election,
The first of these amendments is to that
section Of the Constitution which makes
each Of the officers and directors of
banking corporation Individually liable
for all the bank. 1t is as follows
"The officers and stockholders of every
corporation or association for banking
purposes shall DO individually liable for
all debts contracted during the time of
their being officers or stockholders of
such corporation or association, equally
and ratably, to the extent of their re-
spcctive shares of stock in any such COR
poratiOn or association.
If this amendment is adopted, of
which there can be little doubt, each
officer and stockhoder will be held re-
sponsiblc only for his pro rata share Of
the debts of the bank; that is, all officers
and stockholders will be liable to bill.
holders, dopositors, &C., just in proper
ton to their several amounts of stock,
and for no more. AS the Constitution
now stands, each one is liable for the
whole debt of the bank.
The second amendment is to section 3,
article Is, and is to authorize the Lepis-
lsture to enact law, empowering Com
missioners of the Highways to lay out
roads without the intervention of Juries.
The provision granting this power cxclu-
sively to juries, is claimed to lead to a
very great delay, embarrassment and
annoyance in opening the highways, by
those who have had experience in the
manner.
The third and last amen lment is in
relation to the sessions of the Legisla-
turc. Now they are limited to 40 days,
biennial, The amendment proposed re-
moves this limit and leaves the length Of
the session discretionary with the legis-
lature. The only restriction upon it is a
provision prohibiting the introduction OF
any new bills into either House, after the
first fifty days Of session shall have
expired.
The amendment in regard to banking
institutions will be carried, we have
every reason to believe, almost unani.
mously. There is no use in denying the
fact that the restrictive, pinchbecli
policy in regard to banking institutions
inaugurated by the constitutional con.
vcution of 1850 has done more to retard
the growth and development of our State
than any and all other causes combined
With millions on millions of wealth in
the soil and in our unequaled timbered
and mineral resources and with the best
of securities at hand, and obtainablc
upon any decent terms, we are paying
tribute to the more liberal western States
and to the money shavers atlhome, to the
tune of hundreds Of thousands of dollars
every year for the use Of currency, which
is but the representative Of their wealth
while ours has no representative. Every
lumberman, business man, mechanic and
day laborer, knows this is the case, and
all alike are interested in so amending
our constitution and laws that capital
instead of being driven away shall be
made to seek investment in our beautiful
peninsula. OF the other amendments
we shall endeavor to say more at some
future time. ....