"Sec. 20. Each of said branches shall be subject in all respects to the provisions of the respective charters of the banks by which they are established."
Mr. Martin moved the following as a proviso to the 17th section of the bill:
"Provided, That the bills of said Bank of River Raisin, or of the branch thereof, shall be received in payment of debts due to either of them."
The yeas and nays being demanded on this amendment, it was decided in the affirmative, as follows:
Yeas: Messrs. Bacon, Britain, Doty, Durocher, Farnsworth, Hascall, Martin, Moran, M'Donell, president—9.
Nays: Messrs. Millington, Renwick, Satterlee, Stockton—4.
Mr. Renwick moved that the following be added to the bill as a new section:
"That the Banks of Michigan, Farmers and Mechanics', and Bank of River Raisin, shall each pay into the treasury of the territory of Michigan, ten thousand dollars, as a bonus for the said charters, to be appropriated for the benefit of common schools, previous to said banks commencing operations."
And the question on the proposed amendment being taken by yeas and nays, it was decided in the negative, as follows:
Yeas: Messrs. Millington, Renwick, Satterlee, Stockton, M'Donell, president—5.
Nays: Messrs. Bacon, Britain, Doty, Durocher, Farnsworth, Hascall, Martin, Moran—8.
Mr. Stockton moved to amend the bill by adding to it the following, as new sections:
"Sec. —. That there shall be paid into the territorial treasury by each of the said branches, the sum of thousand dollars, subject to the disposal of the legislature of the territory, for the benefit of common schools.
"Sec. —. That the amount herein provided for to be paid by the said branches, shall be paid into the territorial treasury at or before the said branches, or either of them, shall exercise any of the privileges herein granted."
And the question being taken on the said amendment, it was decided in the negative, as follows:
Yeas: Messrs. Millington, Renwick, Satterlee, Stockton, M'Donell, president—5.
Nays: Messrs. Bacon, Britain, Doty, Durocher, Farnsworth, Hascall, Martin, Moran—8.
Mr. Stockton moved to postpone the further consideration of the bill to the next session of the Council; and the yeas and nays being taken on the motion, it was decided in the negative, as follows:
Yeas: Messrs. Millington, Renwick, Satterlee, Stockton, M'Donell, president—5.
