The Providence news. (Providence [R.I.]) 1891-1906, 1899-05-02
IN THE HOUSE.

The House of Representatives was
called TO order at<~ :05 O'Clock by Mr..
Speaker Holden, and there was a quor-
um present.
As soon as the records were approved
the speaker laid before the house the
special order of the day. IAN act i'm
amendment of and in addition to an
act entitled AN act to incorporate the
Industrial Trust company. The bill
provides that the corporation. I'm addi-
tion 10 it's office and place of business
in Providence. shall have authority to
locate branches i'm and throughout .he
state.
Mr.. Maxson. of Westerly said that
there was dissatisfaction with the prn.
visions OF the bill I'm the southern part
of the state. and he moved that IL be
referred back TO the committee on cor
porations and that public hearing be
given.
Mr. France. OF Woonsocket: Mr.
Blodgett. OF Pawtucket, and Mr.. Lace,
of Burrillville. endorsed the stand
taken by the gentleman. from Wester-
ly.
Mr. Curtis. OF Providence. spoke in
favor OF the passage of the bill. claim
ing that the right to establish branches
had already been accord "a by the Cen
eral Assembly TO two other corpora
tions.
and Mr.. Heydon. OF Warwick. were
both opposed TO recommittlng the bill.
and argued that there was no reason
able cause advanced why the bill
should not be passed.
Mr. Scott. of Providence. called at
tention TO the fact that n re was real
ly nc reason for all this debate. for the
Industrial Trust company had already,
under it's charter. The privilege to es-
=tHbttsh branches in any pHrt-U tine
state,apd this contention was supported
by a number OF eminent lsgal lights.
He further said that if i'm some sec
tions OF the state there were banks
that were so moss grown that they
feared competition she sooner they
went out OF existence the better IL
would be for the interest OF business
men. He heartily approved the bill and
hoped Co see ID passed.
Mr.. Peck. Of Warren. said the town
he represented had already five banks.
and he asked that the bill ~ sent back
20 the committee. in order that the OH
Gals Of these banks might have on
portunity 90 bc heard upon the matter.
Mr. Kimball OF Providence. was in
favor Of recommlttng tho bill for he
saw no harm TO the corporation in sl-
lowing the officials OF country banks TO
eNpress their views upon the bill.
Remarks were made by Mr.. Luther.
or Johnston: Mr. Garvin. OF Cunibcr-
land. and Mr. Cross. of Charlestown.
after which the motion 60 recomnit
was passed ON a rising vote Of 10 10 80.
Mr. Bodgett of Pawtuckct. present
cd an act FOR tho amendment OF tho
charter NJ tho Pawtucket Safe Deposit
company: committee On corporations
Mr.. Sanborn. OF Newport int: Oduced
an act making an additional apprnpria-
ton 81 5000 for the support OF the
state: COMMITTEES on finance.
MIR Amee of Providence by request.
introduced nn act providing that 60
salary OF tho adiutant-gencral be i'm
creased to $500 annually. together with
n resolution making tho appropriation
asked for. The act and resolution sero
both referred 90 the committee on mil
itia
Mr. Baniran. of Pawtucket. present
"a an act in amendment, of chapter 2in.
general laws "of pleading and practice
IN the appellate division ~ the Supreme
Court. judiciary COMMITTEES.
Several matters were received from
the S6n1To md referred 90 The proper
coumittceq
Nr Rlodgott ~ pawtucket from Tho
judiciary committee reported back nn
act ~ ropeai thc charter ~ tho Amnri-
can Investors c0Wn1nv. -e~ommnnding
massage fn concurrence with the Senate
The aci was ordered printed and placed
uron tho caiandDr.
Then House Their ON motion ~ NJ
Rindpott 90 Providence adjourned fn
moot an Wednesday morning, 20 II