PROMISSORY NOTES, BILLS OF EXCHANGE, ETC.
Mr. JEWETT's bill [H. R. 26] to repeal Section 8 of an act concerning promissory notes, bills of exchange, bonds, or other instruments of writing, etc, which informally passed over on yesterday, was now called up.
The SPEAKER announced that the question before the House was the motion of Mr. Jewett to lay Mr. Shively's amendment on the table, which amendment proposed to amend the bill by striking out all after the enacting clause and writing the following: Section 3. No note shall be negotiable as an inland bill of exchange by being made payable at a bank or this State unless there shall be written or printed in said note the following words: "The maker has no defense to this note in the hands of any innocent holder for value "
On motion by Mr. JEWETT the amendment was laid on the table-yeas, 49; nays, 39.
On motion of Mr. JEWETT the bill was ordered engrossed for the third reading on next Tuesday at 3 o'clock p. m.
