Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1862-12-05

Bank Nas taken up.
Mr sellen saas might be expected Of him, the re-
preventative of me town ui btahdJu uat ue would say
something upon the question. nrtc was more wealth.,
among the pc luoners than amoug the r,monstais--
mute vinuustauts u uuinDer-nauy ui tle femoustaus
cared nothing about l' uut "oad s'bh the nrst paper
presented. The Dehk had been accommodating to tnoac
wishing accommodations OF the oauK. Inc Cashier lad
ON hls individual spODsullty accommodated mau!
with small loans Among temunsuauts were thittJ
uf more day aOofcrs Also, three 0r tuur women pu
porting TO 0e Legal voters de supposed 10 view ol me
gucd lne cuulng, they had been leckuned amuuB the
Voiers lie spOke Of ahand-b signed by business men
ia brandon They were GeatNes ur under pecuniary
obligations the SpIague family lie spoke also oi the
management Of the oank, ana thelI hasie TO correct
euors when pointed out by tue Bank Commissioner.
M Gardner said he Thought we should NOT make the
extension of the charter OF this bank exception
Most oi the objections made Dy the renOustrants had
failed upon the showing. individuals ougnt not 70 come
here anu oUlect TO the reoharte Of this bank after they
had failed before the committee He DID rot believe the
committee mad looked back toreporis Of Bank Com-
missioner for fOther banks had yuat
ed the provisions OF the statute The Bank committee
had reported uat tue Directors OF hl bank hau not m
teIuon4ly violated the law bat the BANK Commissions
er mad hed differently. Here was Instance where the
Directors had taken immediate steps 70 correct
Let Us remember that there is JOY Ia heaven one
sinner that Iepente more than over ninety aud niut
just persons that need no repentance On examination
the Adjournment II turns out that the bank MAJ
violated he Jaw only IA one instance that was really
violation Of the law IN the judgment OF bank men lie
tluaght the House should not refuse extension OF ne
chatter because number OF individuals came mere anl
objected, when that bank was performing ITS Legitimate
functions There was no trouble in obtaining stoek t'
the bank Notwithstanding the bank had large surplus
lie thought there really foundation ior this oppo
| sltiun, aud the application ought TO be granted
On further nterogatories put 70 mT oelden i0f me
committee on Banks, 1t appeared that eisht merchant
were remOustrants, aud iour On the peuuun ana mof
merchants STILL which Mr oeiden wouid give alter exam
ming the papers. lie could give but QUE town Once
favored the unconditional Iechater Of the bank
Perhaps there were morei he had not crueally exam
I lutu That elght femOnsuants were slockhlldeis n,
Guiding the women That two Of the selectmen wen
.t.t ku of whom owned %
lhtle was no recollection that the Cashier had Owne
tnat the circulate hundred aud my tnuu
s4hG dol ars some OF the business men went % hn'
aud for bank accommodations, but they belonged 70 IN
spfsgue family and would have nothing to do with TN
bauk.
Mr. Balch said It had been urged before tnat bau
charters should extended because there was no uJee
ton. Now told that should extend the chart
er whether there Is nppi,iuon OF not Mere was nh'