SAVINGS BANK BILL.
The SPEAKER, pro tem., announced the consideration of the Savings Bank bill [S. 161] to provide for savings banks and for the safe and proper management of their affairs (which was made the special order for the hour) together with the amendments proposed thereto by the Committee on Banks the bill being on the third reading in the House of Representatives.
The Committee's amendment to the 14th section and the 19th section having been concurred in by consent-
Mr. CORY moved to reconsider the vote adopting the amendment to the 19th section, viz: adding to the seventh clause a provision that not more than $5,000 shall be loaned on the same security.
After debate thereon, Mr. NEFF and others opposing the motion-
Mr. CHITTENDEN moved to lay the motion to reconsider on the table.
Mr. CORY demanded the yeas and nays, and they were ordered and taken, resulting yeas 50, nays 21, so the motion was laid on the table, and the amendments were ordered to the engrossment.
The bill was then read the third time, as amended. It provides that any number of voters not less than seven, nor more than twenty-one who shall each be the owner of unincumbered real estate worth at least $5,000, may form an association and organize a Savings Bank: with provisions for its management in many sections.
The final vote thereon resulted-yeas 51, nays 23-as follows:
YEAS Messrs. Baker, Barnett, Beatty, Beeler, Bobo, Breckinridge, Calvert, Chapman, Chittenden, Gory, Cotton, Davidson, Davis of Elkhart, Fairchild, Field, of Lagrange, Fuller, Gilham, Gordon, Greene, Hall, Higbee, Higgins, Hutson, Johnston, of Parke, Johnson, of Marshall, Lamborn, McDonald, Millekan, Miller, Mitchell, Mock, Osborn, Overmeyer, Pierce, of Porter, Ratliff, Ruddell, Sabin, Shoaff, Shoemaker, Sleeth, Stanton. Stephenson, Stewart, of Ohio, Taber, Underwood, Vardeman, Williams, of Hamilton, Williams, of St. Joseph, Williams, of Union, Zenor-51.
NAYS Messrs. Addison, Admire, Britton, Carnahan, Cave, Cox, Dunn, Hutchins, Hyatt, Johnson, Long, McGregor, Miles, Montgomery, Neff, Palmer, Smith, Sunman, Tebbs, Vater, Williams, of Knox - 23.
So the bill passed the House of Representatives.
