689

Harbine, Michael Newcomer, Davis, Anderson, Parke, Cockey
and Brown—41.
So the amendment was rejected.

Mr. Sollers, moved to amend said report of the committee on
the Legislative Department, by adding at the end thereof as an
additional section, the following

"The Legislature shall grant no charter for Banking purposes
or renew any Banking corporation now in existence, except upon
condition that the stockholders and directors shall be liable in their
individual capacity for all of said responsibilities of said corpora.
tions, whether upon note, bill or otherwise, and upon the further
condition that no director or other officer of said corporation shall
borrow any money from, or have any accommodation at, or other.
wise deal with said corporation, except as to salaries, and if any of
said directors or other officers shall upon conviction in any court
of law in this State, be found guilty of having so borrowed or dealt
with said corporations, except as to salaries as aforesaid, the person
so offending shall be punished by confinement in the penitentiary
for such time as the Legislature may hereafter prescribe, and the
chatter of said banking corporation shall be forfeited forever;"

Which was read.

Mr. Gwinn, moved to amend said amendment by striking out
these words : "their individual capacity for all of said responsibili
ties of said corporations, whether," and inserting in lieu thereof,
the following:

"To the amount of their respective share or shares of stock in
such Banking Institution, for all its debts and liabilities;"

Which amendment Mr. Sollers accepted.

Mr. Stephenson, moved further to amend said amendment by
adding at the end thereof, the following:

"All liabilities of Banks shall be payable in specia, and the ag
gregate of the liabilities and issues of a Bank shall at no time ex,
ceed double the amount of the capital stock paid in, and the
Legislature shall have no power to pass any law sanctioning in
any manner, directly or indirectly, the suspension of specie pay
meats by any person, association or corporation, issuing bank notes
of any description. Every stockholder of a bank shall at all times
at his pleasure, examine and inspect the books, papers and accounts
of such bank ;"

Which was read.

Mr. Stephenson, moved the question be taken by yeas and nays,
and being ordered, appeared as follows:

AFFIRMATIVE—Messrs. Howard, Bell, D ickinson, Sherwood,
of Talbot, Constable, Miller, McCubbin, Spencer, Jacobs, Shriver,
Stephenson, McHenry, Magraw, Nelson, Gwinn, Brent of Bal
87

689

timore city, Sherwood, of Baltimore city, Ware, Weber,

 
 
 
 
 
 
 
 
 
 
87