The Providence news. (Providence [R.I.]) 1891-1906, 1906-01-09
HOUSE

The house OF representatives was called
10 order at II 30 by Speaker Arthur W.
Dennis OF Providence, as quorum was
found present the records were read and
approved.
The senate communicated the message
OF His Excellency Governor George H.
Utter, which was received. as was also
the notice OF appointment OF joint stand
ing committees.
Mr. Rich OF East Providence, for the
committee on corporations. reported on
it's organization, with Judge Rathbun as
chairman and John Ogden as clerk.
Mr. Rattey raised a point OF order VIII IN
the governors message was received, say
ing that the message should not De read
because II was not in its proper
order I'm the house proceedings.
The speaker ruled the gentleman point
was not well taken and said that 1t was
parliamentary practice TO haXe the gov
ernor's message.
MIR. RATTEY RECALLS INCIDENT.
Mr.. Rattey called attention 10 the grand
committee once hastily adjourned TO pre-
vent listening to a certain governors mes
sage
Mr.. Rattey brought out that he did not
object 70 hearing the message, but only
at this time not out of order.
Mr. Burchard OF Little Compton asked
that the clerk read the heading on the
message.
1t was : "To the Honorable General
Assembly"
Mr. Burchard, on the strength OF that,
said Il was shown that IL was not
message for tho senate but from the
governor 20 the general assembly through
the medium OF the senate. Mr.. Burchard
referred TO the house as n coordinate col
lateral branch OF the general assembly.
MIR Crafts spoke at length on the line
Mr. Rattey took, saying IL wss not proper
to read the message al the time. The
speaker announced that the message
would be read leater.
A NEW TRUST COMPANY.
Mr.. Bowen OF Providence presented bill
for an act TO incorporate the Exchange
Trust company. The bill among other
things provides that:
ut is enacted by. the General Assembly
as follows:
Section /. b. Thomas Potter. Stephen
G. Harris. cyrus ID. Harp and Thomas NJ.
West, thci~ associates, successors and as
signs. are hereby created a corporation
by the name OF Exchange Trust company.
with all the powers and privileges and
subject 10 all the duties and liabilities set
forth In chapters III and l7s OF the general
laws OF Rhode Island and in any acts in
amendment thereof or In addition thereto.
he conferred upon said corporation by this
act
Sec . The capital stock OF said cor
poration shall be a sum not exceeding ono
Hundred thousand dollars. to- be fixed In
amount from time to time by the vote OF
the corporation. and shall he divided into
shares OF $50 each. which shares shall be
as signabe and transferable according 10
the bylaws or vote OF said corporation,
and not otherwise
Sec. g. Said corporation shall have and
exercise the powers necessary TO carry on
the business OF banking including the dis
counting OF promissory notes. negotiating
drafts. bills OF exchage. al other evil
dences OF indebtedness. receiving deposits,
buying and selling exchange. bank notes.
bullion or coin. and by loanng money on
personal or other security. and 20 act as
trustee or fiscal agent for corporations or
persons, and as registrar and transfer
agent OF stocks. bonds aud other securi-
ties: TO establish and maintain safety de-
post vaults and places for the safe keep
ing OF personal. property Of every nature
and descriptions 10 audit examine. re-
port and adjust accounts. and make and
issue bonds debentures. certificates. and
evidences of title or interest OF all kinds.
and 10 make and execute mortgages anil
other liens upon any and all kinds of its
property. real and personal; and maintain
and carry on any business which II may