BANKS AND BANKING.
Senator Claypool's bill [121,]-see page 163 of these Reports-was read the third time.
Mr. CLAYPOOL. This bill provides that, upon filing a bond to redeem the outstanding notes of a bank that has been wound up (after one or two years notice,) the officers shall have the privilege of withdrawing the securities remaining in the State Auditor's office.
Mr. NEWCOMB moved to recommit, with instructions to amend, so that where bills have page: 295[View Page 295] been redeemed for less than their face, after the lapse of two years a further dividend ball be made of the surplus in his hands, to those who have heretofore received dividends.
Mr. MARCH thought there was something meritorious in the amendment, if it could be made to fit the bill.
Mr. TARKINGTON opposed the amendment, and pointed out its inconsistencies.
Mr. MELLETT made an ineffectual motion to lay on the table the motion to recommit.
Mr. MURRAY opposed the amendment.
Mr. CLAYPOOL cited a case of hardship for the want of such a law as this (the Connersville bank,) and urged the passage of the bill, without amendment.
Mr. NEWCOMB explained the effect of his amendment, and insisted that the bill was not perfect without it.
Mr. MELLETT objected to the amendment. If there has been a just bill presented to the Legislature this session, this is one.
The motion to recommit was agreed to.
And then came the recess till 2 o'clock.
