Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1862-11-20
Letter from NIontpelier.

D'" Hciot" - ihinSs Wag on somewhat
he vlly in matters oflegislation. Several tonic $
have been before the Legislature of general i'm
portance, which have elected considerable dis
cusslon. The question of re-cha rter of Banks
which have yet several years to run drew opt
some argument. 1t was argued on one side
that wherever and whenever a bank came for
ward and asked recharter, if il had run wall
ana made good use of It's privileges, paving
good dividends to the stockholders, re, eempe
Its paper IN Boston, though it did not, accord.
ing TO law, at Its own counter, and no obiec-
ton by way circumstance was made by neo-
pie IN the neighborhood it was safe and right
and wise to grant the request On the other
hand 1t was argued that it was not wise nor de-
cent to leglslate for future years; that we do
not know what the wants of the people and the
condition of the banks may be two, three. four,
and fUe years hence, the periods at which the
charters OF the banks severaliy applying will
expire that justice demands a Redistribution
of the stocks among the people that it is not
right TO continue these exclusive privileges
from men seeking small investments,
to favor rich fnanciers that of all times these
on the future legislatures of the State in five
years we may need no banks, because the fed
eral government may in the meantime issue a
currency sufficient to supply all the needs o
commerce. Various arguments We're presented
by different members but as yet the question
is not settled for those whose charters have vet
over two years to run.
To-day the question of the personal Libreta
bill came up for discussion. The Commission
ers of revision had stricken it from the laws in
their report. The committee reported in favor
ofits restoration. Mr.. Reed of Montpeher. Mr..
Royce of Berkshire, Mr.. Dennison of Royal-
ton opposed the law, pleading its unconstitu-
tionality Mr.. Shaw of Burlington, Mr.. Balch
of Ludlow, Mr. Henry of Chester, Mr.. Miller
of Williston and Mr.. Cushman of Rochester
defended the law and the wisdom of keeping
it on the statute book. The latter argued that
new interpretations are being given to the con-
stitution, and what was on ;e deemed to be un-
constitutional is now perfectly constitution
a, the peadings of lawyers and the decisions Of
courts to the contrary notwithstanding. A
good deal of feeling was elected The House
was thin bnt tho vote stood for retaining the
law ~ against AT.
The Third House has been back this week
IN full force with an ample supply of material
for the special affairs of your county. The
evidence and pleadings before the committees
were concluded last night. Next week thev
will come up, In due course, for consideration
and action. 1t is difficult to fortell the result.
The House is so constituted, entirely free from
party trammels, that questions which do not
touch personsl interests involved in special
charters and so widely distributed thai many
members are concerned, none can forsee the
fate of. The House has no acknowledged
leaders, and therefore each acts on his own re-
'sponsibllity.
On the question of adjournment, it is not
safe to hazard a guess. There are many who are
growing weary OF remaining, aud all know,
or ought to, that their constitutes demand a
short session--a thing impossible now. There
may be valid excuse in the revision of the
several laws imposed upon this Legislature
by the session ofl S60, fora matter OF so great i'm
portance should not be hastily passed over. 1t is
certain the members are working much harder
than usual, and think the people when the
laws come to them in the compact and in
proved form will be abundantly satisfied
their maaey has not been wasted Haste some
times makes waste. IF the legislature shall ae-
tually do what ought to be done, the people
Will not regret. 1t is certain many members
would rejoice to be home quietly pursuing
their business, and every means are employed
by them to finish the work and hasten the ad-
ourhment. CAPITOL.