CAPITAL STOCK OF BANKS.
On his further motion, Senator Kramer's bill [S. 278] to amend Section 8 of an act authorizing and regulating the banks of discount and depositin the State of Indiana, approved February 7, 1873, was read the first and second times by title and the third time by sections.
Mr. CAUTHORNE said this bill is to amend the old law passed upon the subject of private banks of discount. This bill allows them to decrease their capital stock as well as to increase it. The bill is carefully guarded. It enables banks wanting to reduce their capital stock without going out of business.
The bill passed--yeas, 77; nays, 1.
