Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1873-02-19
MAINE LEGISLATURES.
Senate.

GNhatVe
MONDAY, Feb. is.
Senate met according to adjournment.
PRAYER bv Rev. Mr.. COUSINS of Hallowell.
The journal of Saturdays proceedings was
read and approved.
Pspers from the House were disposed of in
concurrence.
An act to extend the time for the location
and completion Of the Portland and Ogdens-
burg railroad was read twice and passed to be
epprossed In concurrence, under suspension
Of the rules.
Rill an act to secure the education OF the
youth of the State, came from the House,
that branch voting to adhere to its action IN
definitely postponing the bill.
On motion of Mr.. FARRISoroN the senate
adhered to its former vote, passing the olti 10
be engrossed. H..
A communication was rsceived from MS
Excelency the Governor, TRANSMITTING me-
mortal TO Major General George q. Meade
on the field Of Gettysburg" Referred TO the
Committee on Military Affairs.
The communication of the Governor is as
follows:
State of Maine, Executive Department.
...l Augusta, Feb II, 1873.
To the President of the Senate and Speak
or of the House of Representatives:
l transmit herewith the address of the Ex-
ecutive committee of the Gettysburg Battle
Field Memorial Association relating to me-
mortal to Major General Geo. G. Meade on
the field of Gettysburg.
The object is worthy one, and COM
mend the address to your consideration.
SIDNEY PERHAM.
Mr.. KENNEDY moved to reconsider the vote
whereby bill an act additional to an act to in
corporate the Penobscot Bay and River rail-
..ucauy no al 70 hn np0Yaasa6
The motion was carried, and the bill laid
upon the table.
Resolve proposing an amendment to the
constitution 20 as to provide for biennial ses-
sions was read once, and tabled on motion Of
Mr.. Kimball.
A communication was received from the
Secretary of State transmitting the Memorial
Of the National Board of Trade. Referred to
the Committee on Federal Relations.
A communication was received from the
Secretary of State, transmitting the following
list of public acts which have received the ap'
proval of the Governor.
Chap. l02. An act amcndatory to sec. IL
ofchap. 80 of the revised statutes relating to
marriage and its solemniza,ion. Approve
Feb. II, 1878.
= Chap. l03. An act to amend sec. 9, Of
chap. 80 of the revised statutes relating to
moose, deer and caribou. Approved Feb
II, 1878.
Mr.. DISeLEr moved to reconsider the vot c
whereby bill an act relating to savings banks
was passed to be engrossed.
Mr.. BROOKS opposed the motion. The
Senate then passed the bill by decided vote,
and without the Senator could give some sat
isfactory reason, he hoped the Senate would
not reconsider.
Mr.. DISaLEY remarked that during his ab-
sence the Senate had acted upon the bill.
He had made his motion for the purpose o:
offering an amendment The Senate voted to
reconsider. The bill was then temporarily
tabled, and subsequently taken up.
Mr.. DINaLEY gave reasons why he object
ed to the bill as it now stood He wanted
depositors to receive the benefit of reserve
funds, and it would be injustice to them te
withhold such benefit. The amendment he
offered was as follows:
Amend BY striking out see, ! and insert Al
follows:
Section /. Section 2 of chap. ~, of the
public laws Of 1879, is amended as follows:
Section 2. The Trustees shall once eaci
year after setting apart the amount required
by sec. SO of chap. 40. of the revised statutes
for reserve fund, divide the earnings of the
corporation at such times as may be required
by their by laws amongthe depositors Of three
months standing at least before dividend day
but the corporation may by their bylaws in
clude deposits of less standing. But no frac
tional per centage less than one quarter shall
be adopted. Any balance of earnings shall
be carried to new account for next dividend
No deposits shall be received under an
agreement to pay any special sum of interes
for its use other than regular semi'ahnua
dividends.
Mr.. Brooks opposed the adoption Of tn
amendment, and gave his reasons, urging tn
setting aside of large revenue fund with
view to meeting losses.
Mr.. CHAPLIN spoke in favor. The Senate
from w aldo Brooks, had argued in favor O
accumulated protection. Mr.. Chaplin did no
want to be protected to death in this matter
He commended for the principle that deposition
were entitled to the earnings of their inves
ments.
Mr.. DxcLKY spoke further in favor of Ii
amendment, in reply to the Senator frol
Waldo.
Mr.. KINBALL opposed the amendment.
Mr.. HUMPHREY spoke in favor. 1t won
be seen by the Bank Examiners report Of la
year, that the deposits of large depositors hi
increased, while those Of small depositors HI
diminished or have been Withdrawn. +
wanted justice done small depositors.
Brooks, May, Chaplin, kimball and Farrin
ton.
Tn motion of Mr.. DISCLEY, the yeas al
nays were ordered on the adoption of h
amendment, which resulted as follows:
YKAs.-Messrs. Chaplin, Crandon Dingley Du
ming, Harrington, Hobbs, Howes, Humphre
Lothrop, Martin, Palmer, Webster--l2.
SAYs.-Messrs. Abbot, Arnold, Brooks, Butle
Carr, Davis, Hadlock, Harmon, Kmball, Ma
OBrion, Pennell. Smith, Whitmore-l4.
So the amendment was rejected.
The bill then passed to be engrossed.
Bill an act additional to chapter 40 of the r.
vised statutes, respecting insurance and il
surance companies, came from the House r.
ferred to the Committee on Mercantile A
fairs and Insurance.
On motion Of Mr.. HUMPHREY the Sena
reeeded from it's former action, and COZ
Cured with the House in its reference.
Mr.. CHAPLIN moved to reconsider the vot
whereby the Senate indefinitely postpone
an act additio nal to chap. &C Of the revise
statutes, relating to insolvent estate.
The Senator was informed that the bill ha
been sent to the House, and the Senate
withdrew his motion.
The bill was sent for, and then returned
the House having insisted on its former vot
passing the bill TO be eDgrossed.