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Proceedings and Debates of the 1850 Constitutional Convention
Volume 101, Page 143   View pdf image
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143


Mr. Neill, moved for the yeas and nays, which being ordered,
appeared as follows:
AFFIRMATIVE.—Messrs. Chapman, President, Lee, Chambers,
of Kent, Wells, Sellman, Bell, Chandler, Sprigg, George,
Wright, Shriver, Biser, Annan, Sappington, Stephenson, Nelson,
Thawley, Gwinn, Brent, of Baltimore city, Sherwood, of Balti
more city, Ware, Michael Newcomer, Brewer, Anderson, Weber,
Hollyday, Fitzpatrick, Parke and Brown—29.
NEGATIVE.—Messrs. Morgan, Blakistone, Hopewel], Ricaud,
Mitchell, Dorsey, Randall, Kent, Sollets, Jenifer, Buchanan,
Welsh, Lloyd, Dashiell Hicks, Hodson, Goldsborough, Eccleston,
Miller, Tuck, McCubbin, Dirickson, Gaither, McHenry, Magraw,
Stewart, of Caroline, Schley, Fiery, Neill, Harbine, Kilgour,
Davis, Waters, Smith, Ege and Cockey---36.
So the Convention refused to lay said petition on the table.
Mr. Schley, then moved that so much of said petition as relates to
the election of Governor, be referred to the committee on the Execu
tive Department, and that so much as relates to frauds in elections,
be referred to the committee on the Elective Franchise.
The question being put on each motion, were severally
Determined in the affirmative.
On motion of Mr. Stephenson, it was
Ordered, That the committee on Corporations inquire into the
expediency of imposing the following restrictions on the power to
grant charters:
1st. That no Bank charter or other act of incorporation be
hereafter passed, and that no charter be renewed, unless two-
thirds of all the members elected to each branch of the Legisla
ture assent to the law, and such assent to be recorded with the
names of the assenting and dissenting members in the journal of
proceedings.
2nd. That no charter be hereafter granted, nor any charter re
newed, om in any manner modified or changed, (except for educa
tion or charity,) unless a provision be inserted therein, authorizing
every stockholder, at all times, at his pleasure, to examine and
inspect the books, papers and accounts of sucir corporation.
3rd. That in granting, renewing or modifying, in any manner,
charters for banking purposes, they shall be restricted to the btrsi—
ness of exchange, discount and deposite; that they shall not be
permitted to speculate in real estate, or in the stocks of other cor
porations, or in merchandize of any kind; that they shall not own
any real estate or chattles, except such as may be necessary for
their actual use, in the transaction of business, or which may be
pui chased at legal sale to satisfy debts due such corporation, of
w hich they shall be required to make sale within a reasonable time
after purchase.
The President laid before the Convention reports from the clerks
to the commissioners of tax for Harford and Somerset counties,
in obedience to the order of the Convention of 2nd inst., in rein-


 

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Proceedings and Debates of the 1850 Constitutional Convention
Volume 101, Page 143   View pdf image
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