AFTERNOON SESSION.
The New York and Ohio resolutions in relation to the troubles and dissentions afflicting the nation, transmitted to the Senate by the Governor, on the 21st inst., were read and referred to the Committee on Federal Relations. [The New York resolutions are identical with those introduced in the House by Mr. Roberts and printed on pages 46 and 47 of these Reports.]
The House resolution authorizing a joint committee on apportionment; and a House message asking the return of a paper hereto, fore transmitted to the Senate were taken up and concurred in.
The joint resolution [H. R. 23] authorizing the Auditor and Secretary of State to distribute to new counties their share of the journals, acts, statutes, reports, and other documents, was taken up and passed by yeas 34, nays 0.
RELIEF TO SOLDIERS OF 1812.
The joint resolution [H. R. 7]-described on page 37 of these Reports-requesting Congressmen to use their best endeavors to secure the passage of a law giving further aid to the soldiers of the war of 1812 or their widows, was taken up and passed by yeas 34, nays 0.
A HOMESTEAD FOR ACTUAL SETTLERS.
The joint resolution [H. R. 8]-described on page 37 of these Reports-requesting Congressmen to take such action as will tend to secure to actual settlers on the public lands a homestead of 160 acres, was taken up.
On motion by Mr. CONLEY the resolution was amended by adding the word " white" before the word " settler."
The resolution passed by yeas 34, nays 0.
NAVIGATION OF THE MISSISSIPPI RIVER.
The joint resolution [H. R. 11]-described on page - of these Reports-referring to the navigation of the Mississippi river, was taken up, read, and referred to the Committee on Federal Relations.
[Mr. CONLEY presented the proceedings of a Union meeting held at Gosport, Owen county, on the 19th inst., which were read and referred to the Committee on Federal Relations.]
page: 105[View Page 105]BASIS OF INDIANA BANKS.
Mr. CLAYPOOL introduced a bill [S. 86] to and sections 4, 6, and 7 of the general banking law, approved March 3, 1855; [amending section 4 so as to allow the Bank-to issue one fifth of her circulation in bills-under five dollars and amending sections 6 and 7 so as to make nothing but Indiana bonds as a basis for free banking, and requiring these banks now doing business on stock of other States to deposit Indiana bonds in lieu thereof on or before January 1, 1863] which was passed the first reading without objection.
Mr. CLAYPOOL explained the object of his bill as above recited, and moved to suspend the rules in order that the bill might be read the second time, by title only, and be referred to the appropriate committee.
Mr. STEELE. I hope the motion will prevail, for I look upon this bill as one of great importance. A change in our banking law is absolutely necessary. I introduced in the other branch of the Legislature, some four years ago, a bill with the same provisions as this one, but it was not thought important at that time. With banks predicated upon Indiana stocks there has been no difficulty, and there can be none, because each individual in the State is interested in. the payment of her stocks. For instance, when I was sent by the board of directors of the bank I have some connection with at home, to buy stocks several years ago, some of them were in favor of buying Virginia and other State stocks, while I took the ground that I would not buy any but Indiana. What are the results? I found gentlemen at that time buying Missouri's, and I argued with them in this way: Missouri is nineteen millions in debt, and they have passed an act authorizing a loan of ten millions; now if Indiana repudiated at sixteen millions, where does Missouri go, which is not worth half as much as Indiana?
Mr. WAGNER (interrupting.) Does the gentleman say Indiana has ever been repudiated?
Mr. STEELE. I say she refused to pay the interest on her debt for four years, and I call that repudiation. Missouri is now in debt over thirty millions. The great difficulty with Illinois money is that almost the entire banking circulation is predicated upon Missouri bonds. * * * The five per cent, bonds of Indiana to-day stand higher than any other six per cent, bonds any bank in the State is predicated upon.
The motion was agreed to-yeas 35, nays 0.The bill was read the second time by title only, and referred to the Committee on Banks.
SWAMP LAND DIFFICULTIES.
Mr. SHIELDS introduced a bill [S. 87] for the relief of certain citizens in Jackson and Washington counties, which was passed the first reading without objection.
THE STATE BORROWING MONEY.
A message from the House announced the passage by that body of a bill, [H. R. 104,] to provide for a deficiency in the State Treasury by a loan of $75,000 from the Commissioners of the Sinking Fund; and also Mr. Carnahan's bill [S. 14]-described on page 25 of these reports-amending section 14 of the decedent estate act.
On motion by Mr. WAGNER the bill [H. R. 104] was taken up, read the first time, rules suspended-yeas 34, nays 0-read the second time by title only, and referred to the Committee on Finance.
DECEDENTS' ESTATES.
Mr. MILLER introduced a bill [S. 88,] amending section 62 of the act approved June 17, 1852, so as to bar all claims not filed within three years from the date of the first appointment of executor or administrator, and notice thereof; and section 71, so as to regulate the disposition and sale of real estate bought in by administrators or executors upon sales under execution in favor of the estate, and providing for reperfecting claims of title in such cases; which was passed the first reading without objection.
REPLENISHMENT OF THE TREASURY.
Mr. CLAYPOOL, from the Finance Committee, returned yesterday's resolution, inquiring into the expediency of a bill requiring county treasurers to pay into the State Treasury what revenue they may have in their hands on the 15th of February, 1861, with an adverse report thereon.
The report was concurred in.
STATIONERY AND POSTAGE FOR MEMBERS, ETC.
Mr. WAGNER, from the Finance Committee, returned Mr. Conley's bill [S. 55]-described on page 69 of these reports-recommending passage.
On motion by Mr. CONLEY the report was concurred in, and the bill laid on the table.
And then-
On motion the Senate adjourned.
