The daily Green Mountain freeman. [volume] (Montpelier, Vt.) 1861-1865, 1862-11-11
LEGISLATURE OF VERMONT
Annual Session, 1862.
Monday, November 10, 1862.
SE.V.4TE-Eueniing.
GENERAL STATUTES.


J GENERAL STATUTES.
= House bill, title %, chapter II, of the in
+ spection of provisions and manufactures" wa
read the third time and passed with proposals @
, amendment
/ House bill, title 81, chapter 120"o the gener
al provisions concerning crimes and punIshments,
was read third time, amended, and ordered to lie
House bill, title 30, chapter 10l "of hoatin,
lumber" was read third time and passed.
House bill, titlr 81, chapter lis " of offence.
against public health" was considered, amended
and ordered to third reading.
House bill, tile 10, chapter 50, " of letters
tsstamentary and the proceedings on the rrobtte
ct WILL, was read twice and referred to the Sc
lect Committee, Of which Mr.. Allen is chairman.
House bill, title Is, chapter IS, of the pro.
bate court ard the powers and duties of Regis
tiers, was twice read and referred TO Select
Committee of which Mr.. Allen is chairman.
house bill, title 50, chapter 1877, "Of the forms
OF Sundry wrts, precepts and other instruments /"
was twice read and referred 70 Select Committee
Of which Mr.. Cree is Chairman.
ga motion OF Nh Eimunds, the Senate Home
stead bill! which is 4 substitute for chapter IS of
the General Statutes entitled "Or estates Of
IOmestea 5 " wdS taken up and referred to Com.
mttee of the whole
The Senate took up for further consideration the
amendments OF chapter of the statutes entitled
Of equity jails, and The confinement and discharge
OF prisoners in which the House non concur,
| Mr.. EdmundS was confident that the non.con-
currenSe Was IN consequence "a misunders;anL-
ing OF the intention OF the ameg dments, and he
hoped that the House would in the event, concur
with Senate. He moved, therefore that the Sem
ate insist upon their proposal Of amendment:
agreed to.
The Senate concured in the Houses proposed
amendments OF Senate bill relating to registry
ann returns of births, marriages and deaths.
The Senate concurred in Houses amendments
OF chapter 81 OF Revision, relating to auc, Jneers
and ped!ers
From the House, an act LAYING . fax IN tho
county of Chittenden; to committee consisting oil
the Senators from Chttenden.
From the House, an act Incorporating the Bur-
lngton Lime Company; to committee on Manu-.
features.
House proposed amendments of the Green
Mountain Seminary Incorporation bill, were re-
'eFFed TO GENERA! committee. Adj.
Tuesday, Nov. II.
SENATE.
devotional exercises: Reading OF the 18th
Psalm, and Prayer by the chaplain.
journal read and approved.
RESOLUTION.
10y Mr.. Stewart, authorizing the committee on
Military Affairs to cause any bills before them tot
be printed as they may deem eXpedient; adopted.
BY Mr.. Htoughton, authorizing the Governor
to appoint one or more commissioners TO visit sick
soldiers.
Mr.. Stoughton said that this plan had been re.
sorted to IN other States to get authentic inform.
alton relative TO the condition of soldier, in tho
hospitals, and he hoped We might adopt it ia YER
mont.
The resolution was adopted.
Joy var. otonghton, eXempting from attachment
one yoke OF oxen, and hay sufficient to keep them
one winter; to committee on Printing
SPECIAL ORDER.
Senate bill extending the charter Of the Yer.
mont Bank was taken %.
Mr.. Richardson said he fel; called uDon as 4
matter OF daty rather than privilege, 10 make al
explanation in behalf Of the committee on Banks
IN relation to this matter o. extendir, this ch,r.
ter. lie said that in 1861, nine banks were -
or new charters granted in thin STATE
Several Of these banks had four wears to ran. II.
regarded the important question in resnec, %
'HcHt Applications to be whether The bank, were
sound. For he committee on Banks. he said
that nothing had been shown before he commit.
tee against the linanci4, condition 0. the b,pks
asking rectarter
lher large circulation was hy no means unnrp
cedenled, and was entirely legitimate, and one
=" lch the banks could not entirely control. The
banks OF lhiao.>, Wisconsin, and Iowa furnished
no circulating medium to the communities around
'hem. The Eastern banks had loaned their bills
to parties buying wool, grain, g., West. and
when ihr bills once got West they w.ge ken,
there as a circulating medium. C!nada monay
which has hitherto Geen Used largely West, is now
all Withdrawn from circulation in the States. caus.
ing demand for some other sound circul ,tinr
medium to replsce H.
Mr.. Richard on then showed from the Rank
Commissioners reports OF preceding wears The
circulation OF the banks Of the State. as connpared
with their capital. In some Years the circulation
had exceeded the present, and especially in 1853,
when with one million less capital, the circulation
was nearly half q million more than now.
lie also showed the circulation Of the banks
as compared with their resources, now and in pas,
years, proving that the banks stood as we'll now
IN this respect, as formerly. Under this st.te Of
things he thought there was no danger in re-, char
terlng sound banks, when charters had about ex
pred. lfunsound hanks were in existence, the at
tentlon Of the State should be directed to them
and not against the best Institutions Of the State
lie showed that the fact that banks did NOT r..
deem their bills ID specie was no faut of tha hrL