Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1865-11-03


Tho SerA ref sed 10 eouout la the House res lg1n
pr gd Tor erquie into tn 'arlist pTact' s.
ME tine for tina adj aud la the Hous- GtsDlu
iiou poy hb for tie rihtug OF rec DRY The senate
soluH ns relaxing IT, the sAme subject hayi been
Adop ed by The hOuse.
The joint r,s iuu iisuuci our corgressruen 10
their inf eHoe IA chi oei tain mod doatons OF
tn national bankr law, va taken up and Mr Tah
novel 10 amend b strik NJ "a toe pa which rslaie.
TO uniform rule Of inter It thf3 gholl The eouutry
Nj Oh maa lAy Ifd The amepdnrnt believing that
Their is dou7y snether cung' has 10 re u
late the iAte Of interest and It BE- that money Is Of
g-eattT v'le N some tecu'ns uan in olhers.
NJ orr Up SD the amtndmet, believing that
u.ijTm rate Of interest is demanded By he ,oant
IA - be doub that gresa has wsr gram
b, lhe constitution 10 regulate the Of intcr..f
aud IN. the pfese banking sy'tem vii equahIe =
value u m throughout the country, ,aat such !,
law co Id oco asion NJ must &c
Mr. TAN hA no doubt that congress possesses the pow.
er 90 pafs BANKING laws aud create nat nal bank
but he agreed wi h the senator fom windsor that I,
had no power {, regulate the IA u nieres Even II
Il has the power 10 say what the rate Of interest shall be-
i cannot create OF change the value OF moLs so thai
In fact dec de what shall be paid for the use
money in the different sections OF the countIy
Nj Smith also favored the amendment, believing
money Is like other com, d is regulated by the supply
demand, which must be de en- In different sections
Of the country Besides he tn ught ihA Il would inter.
iee with the rights " The ststs 1t may place con
essnen Ia an tmbATTa SIG sition 20 compel them
supp measure which cut fsw II any Other will
be vi Hug 70 support
Mr. DOR age hat ihii is not new measure TO be
oon,idered BY copgres but which has u.t
be discussed, aud one upsn which cong will
elpect sone iustfucOps. Be edes 1t will not teffee
with the hts OF the states the outon only pfo.
vdrk foi uniform rate o persons doing husie s al the
national banks, and he believe the ~ stem Of ste bapks
dead system which woud be dead upon the II A
Of next JuJ
Mr. Ch y man suggest thAttOme Of the state banks
ful continue 10 do business an that should such law
be passed sh al tao isg TA'es VI Ia eres in
the state which would be mAnifes,y unjust.
The amendment adopted.
Mr. smith Loytd H. further amend by striking out ihe
clause providing hat opy Of The resolutions be sent 70
the ecTetarJ OF the treasury agreed 70.
Mr. Reed tten ,plUs the resolution THU king that
ihsy have as thd ojee the ineTe " he paper cur
rene, 10 the county, while what the county ant The
Secretary Of he Treasury dss re Is the Tesim piiJn o.
sp Gle PAL ments.
The rec 4 ii Ds wTs hen rejected.
bias iAfToduesd aud refsyrsd House ii |, making an
appo atlln 4 Oct a. ing the expense Of Completing
the OetvsbnTg cemetery 10 CON on hnAnes
fy Nj Cfale, TO cor o Ute the Camel's Hump Ho-
tel Co 20 he ne al CON.
Bas referred enate bill relating to the duties Of
o. no ldist ict lefks, To com OF education.
sens bill, Ifpealng the act creating and establishing
the oihc Of railroad umni Toner wac tAktnu
mf hsImsn moved 10 nd ,he bin ~ th.t IL shall
AXE eject on The o. VI ecembif 666 asieed t.
Nh Chstman SUPP it,d the bill on TOE gr,una that
the Office u hut whi-t he ihoug was well
shewn by he iunbsr applicants for the oihee the
last slsoin The only asiy Of the ois he believes