The Indianapolis daily herald. [volume] (Indianapolis, Ind.) 1865-1868, 1865-12-06

ho1ih1 " uiS - St0tiOn tle ivti0NinE Wofus.
Pr0sid~d. That 20 .pe.soo having %. ,irhtA or
iae this Ststs n siO at0a = she Thirteenth Article q
tss Constitution. or Laws msds 70 carry The into
eject shall b c5mpeten; q te-tfyis aay ~hich
white person - . party in interest.
Mr.. VAN BUsKIRK moved 10 postpone the
bill and amendment till next Tuesday at
o'clock, and make II the special order FOR that
hour.
After other proceedings and remarks
The motion 10 postpone was agreed 70.
SATE AGENCY-sISKTNG FUND-sTATE DEBT.
The PRESIDENT pro ten. announced the
Special Committee % which was referred Mr..
Bradley's state Agency. sinking Fund Com
mis-ioners. and STATE debt bill : No. 20 viz.
Messrs. Cullen, Williams, Bradley. Allison,
Bennett, Oyler. Hanna. Culver. Wright. Chap
mar, and Brown u Wells.
ExPENsEs OF THE EXECUTIVE DEPARTMENT.
The PRESIDENT pro ten. laid before the
senate communication from the Acting Gov
ernor, in answer To a resolution Of the senate
adopted Yesterday. concerning the expenses Of
the Executive Department. in which ne states
that OF the 5000 contingent fund g 900 has
been expended; Of the 5000 telegraph fund.
$1,000 has been expended. and Of the $4,000
clerk hire fund. 1854 n has been expended.
In his judgment, the contingent fund for 1850
can be reduced from S. 900 % q, 500. the tele-
graph fund from - 900 TO $500 and the clerk
hire fund from $1,000 70 5000. making an
aggregate reduction In these appropriations Of
The eonnunicsstion was, refer.ed to the
Committee on Finance.
Leaves Of absence were granted TO Messrs.
Van Buskirk and Bennett till Friday morn
ing.
Mr.. THOMPSON. from the special Commit.
tee on that part of the Governors message re-
lating TO the words fair Of 1867, returned
his Universal Exposition bill :. No. 80.
without recommendation. IL was passed TO the
third reading.
Mr.. CULLEN introduced a bin :. No. 29sl
for an Act fixing the times Of holding court
IN the fourth Judicial circuit circuit, etc. which
was read the first time.
THE STATE PRINTING.
Mr.. BROWN, Of Hamilton. from the Com
mittee on Printing. returned Mr. Niles un-
authorized-printing bill ;. No. PSI, recon-
mending it, passage.
The bill was read the second time
Mr.. BEESON. This Is a bill Of great import
ance. and the sooner it becomes law the bet
ter 1t will be for all parties except the State
Printer. As have not troubled the senate
much with many motions, ask suspen-
sion Of the rules that the bill may be read the
third time now
The constitutional restriction was dispensed
with by yeas 30, nays o, and the bill was read
the third time.
The bill was then finally passed the Senate
by yeas 81, nays o.
Mr.. MASON, from the Committee on Public
. Printing. returned the bill III. X. III. to amend
section li3 Of An Act to provide for the pub
LEGATION Of delinquent taxes, approved May 81.
1861. recommending it, passage.
The bill was read the second time
TIE DOG LAW.
Mr.. COBB asked that a short leave Of abb
sence be granted the Special Committee TO
whom was referred Mr.. Cummings bill ). No.
263. repeating the dog law. Laughter.
The motion rejected.
Mr.. COBB. | wish the Reporter TO notice
that this is the second time have appealed to
the Senate for leave Ofabscnce for this Commit
tee. Renewed laughter.
INSURANCE COMPANIES.
ON motion by Mr.. THOMPSON his bill =
No 2I2, to amend section % Of An Act for the
Incorporation Of Insurance Companies, ETC.,
approved June II, 1852; was read the third
time.
Mr.. CORBIN could not allow this bill 10 pass
without entering his protest against this Kind
of legislation He recited the provisions of the
present law concerning Insurance Companies.
This bill proposes 10 strike out Of section %
that portion which requires Insurance Compa-
nics to deposit one half Of their capital in the
Auditors office. and that the balance be- paid
into the treasury of the corporation. The pas
sage of this bin would allow the companies up
on deposit Of 900 TO profess that they have
fifty thousand or a million dollars capital. He
considered the law il stands "A whole
some check and the only one that can protect
the community from frauds This bill simply
authorizes these companies TO go on and dobusi-
ness without giving the security the law
quires.
Mr.. THOMPSON made an earnest appeal in
favor of home rs against foreign insurance
companies; and insisted that our home cOmpa-
mics should..be placed upon the same basis
with foreign insurance companies
Mr.. NILES remarked that there are two
sides 10 this question, and il was difficult for
him 10 settle in his own mind what is a par
fectiy safe and wise policy. He thought IL
would be our policy, il we can 10 il safely, to
encourage the building.up Of respOndible insl-
rance companies at home; and il might be well
20 leave the door tolerably wide open 90 them
lie had concluded that he could vote for this
bill. but not with entire satisfaction.
Mr.. COBB could see no reason why home i'm
surance companies should be required to de-
posit $4,000 Of stock for the purpose of secur-
Ing TO persons insured their remedy under the
law, when companies from a distance and from
other States are not required 10 10 the same
thing. Ii i not the deposit that assures the
insured, but it is the liability Of the stock
holders and the amount Of stock subscribed
and paid in.
Mr.. HORD. If this bill is passed YOU give
an opportunity for irresponsible companies 10
be organized throughout the entire state; il
would open an avenue for every romantic in
diyidual who may desire 10 get up an insur-
ance company without capital TO prey and
depredate upon the public. lie was opposed
to this bill. and TO the whole insurance system
rs enacted by the law Of 1852
Mr.. THOMPSON moved To refer the bill TO
the Committee on Corporations.
Mr.. BROWN, Of Wells, was going TO offer
few remarks in opposition to the bill. but if
there j. disposition 10 refer it, he would Weld
the floor.
The motion to refer WIS agreed to-
ON motion of Mr.. HANNA his bill, ;. No
PIG. repeating sections 43 and 81 Of An Act pre-
scribng who may make a will. etc, approved
May 81, 1852. was read the third time and
finally passed the Senate by yeas 80, nays 3.
Mr.. RICHMOND. from the Committee on
County and Township Business. returned Mr.
Allison's bill, = No. 269. requiring County
Auditors 10 examine records in reference to
school funds, etc; recommending its passage
The bill was passed to the third reading.