New-York tribune., 1867-08-03

signed it, unless the Legislature SHALL by their adjourn
law The right Of the Governor TO sign bills sha cease
Will the adjournment of the Legislature. p, ,.,,
The Chairman Of the Standing Committee on hdustral
Pursuits reported In favor Of authorizing the Legislature
to pass laws for the construction Of agricultural drains
taking of fish any the International waters that the
right to & such en- sh shall not be restrained ,orto ho
referred to the Committee on the Bill OF Rights
Mr.. BEADLE Rep., Chemung) asked leave to have the
two Committees Banking and Currency and Insurance
make Joint report. Agreed TO.
Mr.. BALLARD Clep,, Cortland) then submitted ajomt
report from these standing committees, as follows:
ARTICLE VIII-SEcTIoN Corporations may be formed
under general laws but shall not be created OF amended
by special act, except for municipal purposes All gen
eral laws and special acts passed pursuant to this section
which have been heretofore passed, may be al
tered from time To time or repealed.
SEC Dues from corporations shall be secured by such
individual liabilities Of the corporatOrs other
ures as may be prescribed by law.
SIC s. The term corporation, as used IN this article,
shall be construed TO include all associations and joint
stock companies having any OF the privileges ana powers
OF corporations an not possessed Py parheisPs or mdou
shall be subject 10 be sued in all courts IN ike cases as
natural persons.
SIC l. The Legislature shall have power to pass any
law sanctonng in any manner directly or indirectly, the
suspension Of specie payment by any person or corpora
SEC. s. The Legislature shall provide by law for the
registry OF all bills or notes issued or put IN circulation as
money and shall require ample security for the redemp
ton OF the same III specie.
SEC. g. The stockholders IN every corporation sha De
individually liable TO the amount OF their respective
shares Of stocks III any such corporation Ior an s debts
Mr. RUSSELL Rep.. st. LawrenceJ from a minority OF
Committee, reported they could not agree with the
majority report in SO changing the present Constitution
TO nhbt the Legislature from creating any corpora
Ons or amending the charters OF any by special acts
It urged by those who support this measure that the
creation Of special charters are prolific cause Tor
legislation begettng corruption, and that general
laws shall alone provide for the different classes
He says 81 that, after safeguards shall have
been placed around future Legislatures by this COnyen
cent PAYMENT OF Legislators honest and capable will
be elected and, should it be otherwise the people Will
init it is to retain the section of the existing Cons
tuition this subject have been unable also, 10 agree
the payment OF the debts OF all corporations the part
OF stockholders to an amount equal TO the amount of Their
stock In order 10 carry ont the very objects Of the
creation OF banking and other moneyed corporations u Is
necessary TO establish perfect confidence In their ability
sure such ability by stringent obligations. But
the requirements do not exist with other assocla.
tOns and would therefore leave the Legislature to say
what laws upon this subject should apply TO each class
and hence prefer % retain the present section OF the Con
sut0n applicable to this topic" In regard to foreign
corporations, Mr. Russell would provide as follows: The
Legislature shall provide that foreign corporations shall
State" LESTER ". RUSSELL
We concur as to the first and second propositions en-
braced in this report but without ndorsng all the rea-
sons stated therein. HOBART kRUM,
&. X. LUDINGTON.
minority Of the Committee offered substitute for
sLCToN G. The stockholders in every corporation and
JOINT stock association for banking purposes, issuing
none sbaiI be ipGiSdnay liable 10 the amount OF their
respective share shares of stock IN any such corpora
tio OF al It's debts and liabilities OF every
SiTp, Tp,cy n ,pIf. BENZ. y. HUSTrNGToS,
WILLIAM d. VLEpEI5i u,xc,,,JIS22gN I2gN EDDY
Mr GERRY Dem. New-YorlD called mp the resolution
offered by him @Sg@esg @ tae & Sfrk % sG ot
the report OF select Committee of such Common Council
heretofore appointed 10 inquire and report what rights
ana franchises now belong 20 said city, and OF what rights
franchises said city has been deprived by legislative
Mr. iI'TCHITs CRep Sew.Yorl0 moved to refer the
rosouog T. TIC Committee on the fowers and Duties OF
Mr. GRIiY said sueh reference would stihe the req
luton lis design 10 secure for the Convention GER
Information which bad been secured by committee
Of the Common Council relative 10 the rights aud fran
clIses Of New York. lie had no other object
Mr. HuTCHlNs said the resolution assumed certain
facts which might ot might not 0e true He was unwll-
ling that they should take action ndosng such state
was perfectly willing that any information should he
brought before the Convention, bat he should not con
made IN the resolution He withdrew his motion OF refer
M UITcHMAN Dem, n " declared that the Con
knew perfectly well that the Cty oi NeT YORK
had been deprived ot certain vested rights lie was
called 10 order M thl- point by the Chair
Mr. HUTCHINs Rep, New-Yorll moved to amendby
mont was acccpcd MI Gerry protesting that lac thought
Mp "PRISbiE Rcp Chenango, called mp the resolu-
tUn calling upon The state Engineer Tor Information re-
lative 70 the Chenango Canal extension ana II was
M BARKER Rep., Chautauqual moved that the
standing Committee of the Convention be requested to
ake their report On OF before the gth inst i on the
Mr. LUDTNGTON rep. Sullivan offered resolution
mat Inc COMMITTEE on Powers and Duties of the Legsla
ture be requested report provision preventing gift
enterprises aud lotteries Adopted.
calling upon the Metropolitan Police fOrnfomation rela
tive 10 the police attending upon the several courts In
New. York. aud IL adopted.
Mr CLINTON Rep. Erie offered the following:
Ees0lced That in the opinion Of this Convention II is
the duty Of the United States of America 10 refund the
MONEYS and the debts expended ana incurred ny
the loyal states in aiding Congress TO raise ana support
Tor the common defense during the late Rebellion those
armies which, with the blessing OF Almighty God, pre-
served the perectunon and secured the blessings
OF liberty 20 ourselves and posteriiy;
Resircd That copy cf this resolution authenticated
by the Secretary. be transmitted to each senator ana
Reprosentative in the Congress Of the United States
MI. GRAVES 0iepo Herkimer) offered a resolution
relative the business Of the Circuit courts ana asked
that be referred TO the Committee on the judiciary
Mr. HUTcHINs rep, n. " called up his resolution
calling npo the Counsel 10 the Corporation of the City of
New York information concerning number OF suits
pending against the city, which was adopted.
Mr.. ANDREWS Nep., Onondaga) called rom the tinle
the resolution heretofore offered by Mr. Erastus Brooks
in the words following: go -,
Resolred That this Convention Will adjourn sane d'e at
~ o'clock meridian. Monday Sept. Q, 1867
Mr. ANDREWS desired simply TO say that he was IN
favor OF the passage OF this resolution II passed II was
al a times within the power OF the Convention, and
might be changed but IL would facilitate matters to
Mr.. GREELEY tRep., westehesterl moved to amend
by nsTpg Sept ae AGesRsd %ayeS To amend by
making il Saturday, sept. /" Lost .
Mr HAMMOND Rep, AneghanyJ moved to make 1t
MIR. L. W. RUSSELL rep, st. lawrence moved to lay
the whole matter upon the table. Lost, ~ 10 o.
Mr. VAN CAMPEN Clep, Cattaraugus) moved TO amend
BY making IL Friday, Sept. 20. Lost.
MIR SHERMAN REP, 0nelda) moved to amend by
striking out Tuesday the 10th OF September ana insert
ing when the Convention shall have completed It's bu'
ness"
Mr. WEED Dem. Clinton) said 1t evident that no
member of the Convention could fix upon time when
they could adjourn II unnecessary TO hX upon an
arbitrary OF adjournment; for such proposed time
succumb TO the business OF the Convention ne
would that for the present and until the work OF
the Convention had made further progress, the whole
matter lie upon the table. ,.,,
Mr.. T. BROOKS dem, Richmond) had introduced ths
resolution good faith consequence OF the action ol
the Convention inserting the previous question ana limit
ing debate 30 minutes He had not intended 70 can IL
to-day but would abide by the declslOn OF the COIL