Birmingham age-herald., 1895-02-02

merited criticism. He objected to the ma general purpose. His remarks disclosed SD accurate and profound knowledge of corporate law, and showed him 10 be Q cogent reasoner.
 Senator Rogers thought the effect of the bill would be to merge the Alabama Great Southern railroad into the Southern Rail- way company. se
 MT. Moody supported the senate bill, but upon fuller investigation be had changed his views and would now oppose 1t. He said foreign capitalists had been invited to Alabama and had invested money under certain conditions, possessed vested rights and he thought this bill tended to im- pair these rights. He laid down the broad proposition that man should con- trol his own property. He thought the passage of the bill would prevent further investment of foreign capital. He did not think that 1t was proper for chancellor to preside over stoekholders' meeting even through tellers appointed by him.
 Mir. Sayre thought the bill had been mis- understood, and to the reasons ass igned by Senator Moody and by Senators McEldery and Rogers as the cause of the dire effects of the bill were necessarily diverse and an tagonistc. He believed the bill conserved the rights of both foreigners and citizens and the dignity of the state.
 Senator Stamford introduced the follow ing amendment: ''Be it. further enacted, That nothing in this act shall he so con- strued as to authorize any foreign corpora tion or any of it's stockholders, by virtue of being such stockholders, to hold or owu, directly or indirectly, stock or shares in any railroad corpo- ration in this state, nor shall any ownership by such foreign corporations.
 He objected to the bill because 1t pro- vided no limit for such elections and gave minority stockholders entire powers over the property of the majority.
 The bill was pending at adjournment.
 AFTERNOON SESSION.
 Bills were introduced and referred to committees as follows:
 Senate bill 424, by Mir. Hawkius-To reg ulate the payment and fix rate or fees to De received by state witnesses attending court in criminal proceedings so far as the same relates to the county of Barbour. Judi ciary.
 Senate bill 425, by MT. Sayro-To ratify and confirm the charter of the Standard Building and Loan association of Mont. gomery. Corporations.
 Senate bill 426-To authorize Mrs. M. D. Clarke, wife of w. T. Clark, to sell lands. Judiciary.
 Senate bill 427, by MT. Bogart-To pro- vide compensation for witnesses In im- peachment cases. Judiciary.
 Senate bill 42S, by MT. Bruner-To au- thorize Greenvile to issue bonds for water works. Municipal and county organiza-= tions.
 Senate bill 429, by Mir. Austill-To fix the right of Mobile to sell real estate. Ju- dietary.
 Senate bill 430, by Mir. Porter-To fix the time of holding courts in Clay and Cle- burne counties. Judiciary.
 Senate bill 431, by MT. Brewer-For the relief of T. J. Meadiebrook of Lowndesl
 Senate bill 432, by MT. Milner-Relates. to payment of arrest in other states. Finance.
 BILLS ON THE CALENDAR. s
 Bills on the calendar were taken up and acted on as indicated:
 House bill 60-For the relief of M. B. Johnson of Washington county. Passed.
 House bill 435-To ratify the payment of memb bers of tue assembly of 1S92 of moneys over the appropriation. Passed. A
 House bill 207-To repeal an act to abol-s ish the office of tax collector in Baldwin
 Senate bill 38s-For the relief of Jesse Slone, J. T. Miller, J. B. Marsh, R. 0. Davis and c. c. Davis, sureties on the bond of s. D. Monroe, county treasurer of
 Senate bill 330-For the relief of T. T.. Moore of Baldwin county. Passed.
 Senate bill 332-To make appropriation for additional clerical help in the state auditors office. Passed.
 Senate bill 80-To amend an act to estab- fish an agricultural school in southwest Alabama. The substitute of the commit tee was adopted. Passed.
 Senate bill 377-To amend the charter of the city of Birmingham as to license on policies of insurance companies. Passed.
 Senate bill 3S0-To authorize Birming- ham to issue bonds for reformatory and work farm. Passed.
 Senate bill 311-To authorize the Van Kirk Land and Construction company to borrow money and secure its payment. Passed.
 Adjourned.