Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1877-01-26

tition. No deposits shall be paid or received by
sach corporation after the fling of the petition
until the decree of the court reducing the depos-
Its as herein provided. If the petition is denied
1t shall be the duty of the bank examiner to pro-
coed for the winding up Of the affairs of the cor
poration, as provided in section 3d."
Mr.. ROGERS moved TO amend sec 10 after the
word stock" in the 18th line by adding the
words, and may also loan on such other person
} al securities connected with the home industries
OF the state, ss in the judgement of the trustees
will be safe and for the interest of the banks to
; accept"
Mr.. MORRISON concurred in the amendment.
speaking in its favor.
The amendment adopted.
MIR. + IKE moved To amend by inserting after
the word company" in the 9th line of sec. 10, the
words, "or any other corporation" so that banks
may take as security the first mortgage bonds of
any corporation 10 the state. Adopted.
Mr.. PIKE offered the following anne ndment as
an additional section which was adopted: upon
Inc application OF any one of the trustees of a
savings bank, or of any five depostors in said
bank, alleging said bank is nsovent, any one of
the Justices oil the supreme Court may order an
examination of said bank, if upon hearing, after
such notice as he may deem necessary has been
given to the treasurer of said bank, aud thereup-
fed in sec 81"
On motion of Mr.. WADswoRrH, the bill was
amended so that bank may take the deposit
books of any other bank as security.
On motion of Mr.. HoBsON, sec. was
anne nded by inserting in the first line after the
word Corporations" the words "shsll consist of
not less than 80 members. and" Also on the same
gentlemsn's motion the 10Th line of sec. 10 was
amended by striking out the word "may" and in-
serting the word shall"
On motion of Mr.. PIKE the 10th sec. was
amended by striking out all after the word state"
in the 10th line to and includ 2 the word "in-
vesment in the 18th line
Mr. CLEAvEs called for the reading of sec.
Ss amended, which was done. lie then proposed
| to amend anne ndment 3D. in the "a sec. by stri<
ing on. that part limiting to one The number Of
trustees that may be director in any one national
bauk.
Mr.. ROGERS understood the amendment would
enable three trustees acting in savings bank to
be dir ectors 10 the same national bank. 1t would
be evident to every one that If three directors of
natioua bank were trustees in a savings bank,
they would control it enlicy.
Mr.. CLEAvEs defended his amendment. He did
not believe 10 interfering with matter that had
been found TO work well The bill as presented
struck from the board of trustees of savings
banks, some of the best officers, and officers that
had served faithfully and honorably, and who
were directors In other banks.
| Mr.. WADswoRTH thought the amendmen
would more properly come in the 4th
| Mr.. CLEAvEs modified his amendment so that
not more than two of the trustees of savings
banks shall be directors il the same national
bank.
The amendment was adopted.
| The bill was further amended on motion of Mr..
HoBsoN, and passed to be engrossed.
The bill to repeal the bounty on bears was TAX
en- up, aud Mr.. NADEAU moved its indefinite post
ponement. He claimed that its passage would be
detrimental to his section as well to other I'M
settled portions of the state where bears do vast
amount OF damage TO farmers. The older coun-
ties do not need this fostering of the state,
but in their early days they had it and should
now be willing to accord it to the poor ami
spsrsey settled counties. -tN a'.-e
Mr.. BERRY of Smyrna also opposed the bill 10
behalf of the agricultural interests OF the State.
He believed it for the interests of the whole state
to retain the bounty on bears. The animals are
destructive TO crops and sheep and an incentive
Is NEEDED to keep them within bounds and stop
their ravages.
Mr. HADLocK advocated the bill. and quoted
from the Treasures report showing that last
year S2745 was paid ont of the treasury for
bounty on bears. He argued that many bears
would be killed without the bounty as with l..
Notwithstanding the law the animals seemed TO
have increased in number, and believing that the
money paid out was not commensurate with the
benefits gained, he was heartily in favor of the
repeal of the law. He thought from the number
killed last year that some of them might have
come from over the Canadian line.
| Mr.. CYR spoke IN opposition to the bill. If no
encouragement is given by the State to hunt
the bears they will not be hunted, and the
result wall be TO the injury of the farmers in the
new counties. ~ .'-~
Mr.. NADEAU again spoke in reply to the gen.
tlemen from Cranberry Isle. (Hadlock.) He de-
MED that hunters would hunt the bears without
bounty. He referred TO the law guarding against
the obtaining ofbounties by fraud and denied that
bountes are paid for any killed over the line.
MIR. BERRY again spoke in opposition 10 the
bill VT
| Mr.. WADswoRTH of Manchester said the COM
mittee after a full hearing, were unanimous in the
opinion that The amount paid out was not equal to
the benefits derived.
1t seemed also that all the bears were not Maine
bears. 1t wa, the opinion of the committee that
it time the leak In the treasury was stopped.
Mr.. KENNEY opposed the bill. The farmers in
terest, as we'll other branches of industry,
should be protected and fostered by the State and
more so, for farming is for the interest of the en-
tire State, and not any portion of it alone. In
stead of taking off the bounty there should be fur
ther legislation to destroy the animals, if it was
fact that they were increasing, had been stated.
MI. CLARK Of Appleton, favored the bill, and
rather thought that increase in the bounty
would increase the number of bears.
Mr.. Brown of Bowdoinham, believed the mat
! ter bare subject, and so much discussion on it
was barely admissible. He also believed that
the interests Of the people of the State demand
that this fraud upon the STATE should cease. He
denied that Aroostook is new county, in the
same degree that the older counties were when
first settled. They now have railroads and COM
merce. The older counties, when first settled,
protected themselves. But Aroostook asks the
State TO protect her from bears. From all be could
learn, it Canadian bears, to great extent, on
which the State is paying bounty. He thought
the proof of this was the increase in their num-
bers notwithstanding the inducement to kill
| them.
| Mr.. Bowers said that when he had been in
AroostOok and endeavored TO kill a bear, be had
never been able to get in sight of one. And be
would like to know what kind of bait was used to
| toll them across the line.
Mr.. NADEAU again spoke in reply, claiming that
the increase in bears was due to the fact that no
bounties were paid in 1870.
The motion to indefinitely postpone was lost, by
a vote of SO to IS.
Mr. BERRY called for the yeas and nays on the
passage of the bill TO be engrossed, which the
House ordered, by vote of II in the affirmative,
to " in the negative.
/ The result Of the yeas and nays was in the af
frmative, as follows:
YEAs-Messrs. Adams, Babbidge, Besse, Bird,
Blnnt Bowers, Briggs, Browne Of Bowdonham,
Chadbourne, Chase Of Brighton, Chase of Stand
ish, Clark of Appleton, Clark of Damariscotta,
Clark of Garland, Ceaves of Kennebunkport,
Cleaves of Portland, Copeland, Farar, Fellows,
Garvin, Gibson. Clifford, Godthwait, Goodwin Of
Pennington, Goodwin of Monroe, Grant of Stock
ton, Hadlock, Harlow, Haskell of West Gardiner,
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