ton in the tram ofdegration if e wail un til spain have courage to ripen her ferret machination into open hostility we shall have war we shall have the war nf the pacificators and ho can then when that wal will end tne riftbl hon gentleman then sat down amjst the most enhusiastic tpplfmsa and the motion for the address was nnanirtviusly a- greed to i material demiuisiied and tliat the revenue made public long prev idomrstit iiealv rpials thai of the preceding year though the shock of adverse circumstan ces has been so generally felt yet we irust j that the picumuff prospi cts held out in ins f ai ir majesty s speech v ill be realized in a pro the nci oi parliament greasive return to th fronted activity of com- anoiherhermrtniiio nerce and ujusrv in the united kingdom payment and ihev ui lipl md we arc happy to i an hit notwithstanding 1 r md dot adopt mjeadiaetia tiie aoihe com provincial parliament ok ioticr eranatia lrgislative counrilth mpfr quiier sd jan 1827 this lay at three ol ek ils etcclleacy the g ivenor in chief came down ii state to th3 iji9lativ oj toil chamber and being sia d i tie toroie the gentleman usher of i ha sacc r1 wa sn d i vi ro ihe house of vsfenih w command their ain lance be- foc his excellence and that huse beijr coma up flib etceueuoy opened the session with the foiijwins sp22ch g f of f4 l iiilixe c wrtcfl and qentum n j 2te fl iwe tif 3si mhty i hare aiio tbe hoaor a his majestys representative to meet y u for the despatch of the public business in this seasiou of the provincial parliameit i regret to uy tut th distress which has pressed so generally and so heavily tpon the mtiii 15 jisrricfs an 1 tradd of england hr asj been severely felt inorr commercial aifors i j i natural and unavoidable con- bqueace of our intimate connexion with those interests of tbe mother country notwith standing this the resot of shipping here this last summer has not diminished materially and uiareeeaoe nearly equals thatof the yearpre- eeduig- if we have felt the shock of adverse circum stances i trust we may now indulge in the pleasing prospects held out iu bis majestys speech at the opening of the present session of ihe i nperial pirli tmeut of a progressive return to iha wonted activity of commerce and industry in the jailed kingdom an t the fires which sprea 1 in the woods gave caisa for nucb apprehension and were in deed destructive in muy parts of the pro vi ice 1 am happy however to find that thoiii the season did not prove favorable to the grain crop yet that there is a general a- bui lance of the nectaries of hie i still therefore mav congrjiulaie von on the peace ful happiness which the province enjoys under the b smg of divine providence gentemen of the assembly i have directed the accounts of the revenue and expenditure in the past year to be laid befor you and also an estimate of the sup- plv i am to require for the public service iu obedience to instructions i have recently re ceive from his majestys secretary of state gentlemen of tne legist rtivt council and grntterrtti qf the awmhfy i must recal vour attention to those mea sures of public interest which i have before rcommeujfid to yon and which were left unfia bed in the last session quiet and peaceable 0- this province is yet the population increases so rapidh and society expands so widely that i feel every year the necessity more urgent for an exten sive and active system of police to keep pace with that progress amidst the changes which are thus operating in the state of the province i bmnt to say that none appears mtre strik ing than the increase of crime to whatever cause it mav he ascribed it is in itself a fact which calls for measures specially l speedi ly applicable to the evil the grand juries in some of the districts have made their pre sentments in tannaie so forcible that i shall arr imchi enmmiff kfipe you to show the various aad serious diffiuities to be removed i am myself convinced and i would earnsily press it upon your consideration that tbe time is arnvd for tbe establishment iu everv county of tlnse authorities necessary to enable the executive government to watch over and promote the local interests in each other miuers of importance will he com municated to you by message in order that i may explain them more distinctly than this oc casion allows be assured of mv best and un wearied exertions in that station in which his majesty has been graciously pleased to place me io this province and that it will always be one of the chief objects of my endeavours to concur with you in whatever may tend to tbe public advantage the unusual drought f the last summer and the destructive fires which prevailed in many parts o the province there is yet a general abundance of the necessaries of life and we unit with your excellency in the expression of gratitude for the blessings which under diviue providence we enjoy we shall not fail to resume the considera- rionofsuch measures of public interest as wrre before recommended to us by your hx- cellencv and were left unfinished at the close of the last session we concur in opinion with your excellency that the rapid v augmenting population of tin- province requires a more extensive system of police to keep pace with that augmentation and we regret to learu that ami 1st the clian- gvs which arc thus operating in the state of the province crimes should have so materially increased au evil which imperiously calls for serial and speedy remedy with this view therefore we shall give the presentments ol the grand jones- which your excellency may be pleased to lay before us our mes scruus attention we agree with your excellency that the time is arrived wheu the exercise of judicial authority ought to be more generally felt in every county so as erh ctunlly lo supei in tend and promote tbe local interests of each vv j shall receive with respect and atten tion the communication of such other matters of importance as your excelieuev mav he pleased to make to us by message during the present session w are fullv convinced that your excel lencys best and unwearied exertions in the high station in which his majesty has been graciously pleased to place you will not be wanting and that it will always be one of the chief objects of your excellencys endeavours to promote whatever may most tend to the public advantage to which his excellency the governor iu chief was pleased lo return the following answer gmvemrn of the legislative caunciu i return vou my warmest thanks for this address 1 nrmly reiy on our curiam and cor hal support in sucli measures as the state of the province ma at this time call for i feci great pleasure in seizing every op portunity 10 express my confidence in your loyally wisdom and counsels im simt ujnhi hate and recovered ihr unu op- o the intrrfrrftttt of n n of the blame of bringing thai measure be- iitomanera err appointed 110 the legislature there whs no petition be- 1 fiie the houe there whs no occasion lor a pe tition it was a crying evil it was m all ihe journals of ihe da thai ihe bank laded owing to rlie fraudulent conduct of ihe nflieers these mateuienii wrre conideted correct ai theiitne lit- house o i amuitlv a they were confirmed by the offierrs ihemselve the ltlaliirc inn bv the l kmofm to 1 r d u u te arrtl i ign or no- ftr m oo wuof bu bt believed the nd he peilemirll li 11 v bt tif dclrcs in and ihe l- iilaotre pa rd 11 uiclarnon urxtda ui fvt n hrb ibc hrovin he ami the lion member t 1 in l 1 11 1 k were ihe actions tuwihe fte dlwttt when ury for 111- s iher time mr the pnblir eadd receiving iltai ttrre iiimi and ii iaas 4id iltalihey rjg hr did know ilai he ihoegal hie v roillj iml rp hc tloae w n- ask tl linrlo ut lllly ihat ii ever had dour n pullube hed no would 11 llol rtlh ioa he pihliesome itriemnu hrre a j cie diiors to tbe amount of 40 or 50000 pounds and lhe coild 1101 bin a ac r lieirdelm old ihe hon member i iue pfcbl suon submit to lose all u sa s0 f m lu bi- feelinpfor thesoonf public knew ihebei- ier jlrtioughi the qeion wa humeri forward 100 soon before ihe pu account urreiaid lr- fbr iheia before they a thr doemni4 thai were neoeary 10 enable tem to decide iaiil hehouldput ihemsel inamiuuiion of the we- diur ask ifii woid be hotiesi to leave ibe creduoraiihemercv or an asocialiou thai ra il- ifgai no he woim a pot tbew directors 111 a uay lo recover llijr debts enable them fo get rbal wa- due a make ihem pay it o- ver 10 ihe end 101 h- would uoi take the instiiu- iiimi ou nf iiieu- laid i ihmphi thai m3 au e- vit he voulu rive inein txtry opportunity to re cover the mone dne 10 be iiimitutioii then he would compel ihem i p 11 overtoils credhom he woofd make lu sirkholuers select a certain ormbcr of directory ad t did not rluose them viiihn a certain msehr would wakf the last direciotsaciue was su ihe siockhulderougm 10 b obliged to the leg lature he viould make mem call mall the tkaad he utuld make ihem pa 11 over o ihecredis had the buuse benei do so now ii ii wee good formerly ihe ar raoemeoi nould b- godoow tbej mint sa a e took the alfaimout of their hands and put them 1 100 the hand it commissioner and thai pfcovikcjaii fahliarlkv of slppcr anatia legislative council chamber friday 26th january 1827 this day at one oclock the council went up to the castle of st lewis and presented the following address in answer to the speech of his excellency the governor in chief at tbe opening of the session to his excellency george earl of dalhousie knight grand cross of the most honorable military order of tbe bath captain general and governor in chief in and over the provinces of lower canada and upper canada nova scotia and new brunswickand their several dependen cies vice admiral of the same general and commander of alibis majestys forces io the said provinces of lower canada and upper canadanova scotia and new brunswick and their several dependencies and in the islands of newfoundland prince edward cape breton and bermuda ice c c mvj u please your ercetency we his majestys dutiful and loyal sub jects the legislative council of lower cana da in provincial parliament assembled beg leave to return your excellency our humble thanks for your speech from the throne we beg lo assure your excellency that we are much gratified in having again the honor of meeting your excellency as the represen tative of our most gracious sovereign for the despatch of puhhc business in this session of the provincial parliament we participate with your excellency in your expressions of regret that the disires which has preued so heavily upon the trade and manufacturing districts in england should have also been severely felt iu the commercial atfairs of this province it is however some consolation that from our con nection with the mother country the number ofiikippiug romortiug to this proriuce ban uot debate on the kingston hank bill thp kiizi bank bill a read a d time nnd on motion of mr thomson th honc weni into enmmiuee mr thomson in moving for the repral of cer tain clan e in ihr act pacd upon the pretended bank of kngmon could not conceive ihat a good rt bsoii could be eivvn against ihe pacing of tlie present bill tne aci deprived the doector of disposing ot iheir real eraie uiihout tlit conseitl of the commissi ii uer 9 or a majority of them ap poined unler it and it hi lifiiosot of ue lo the rt editor of the iusrouiion bin it proved a grrai i injury to the directors several of the directors had died ince the pacing of the act ihev w-n- in cod circomiaiices uhen ihe act pased ihe tiflvied andei its proviionv a ihe whole hfrdrn woo id fall on three ol ihem who were ih onlv directors ai preseal living in the province me had no parictlar interei m ihe hitl himcll al- tiongh it was said 00 a former dicusion ihat ii a indelicate lot konte members to make an op- po i on to ih prlii tine he was a i u imii i the bank ipd them more than he owed iheot ii- ioighi h right 10 release the propei i of the surviviig directors and 1101 throw im whole height on ihem he moved the adoption of the preamble mr c jones would support au amendment 10 make the la vi wvtjl imkuo uhn director from disposing of a single sixpence worh of property unless to enable tnem 10 breathe the breath of ife the could not 00k to ihi hou foi an indulgence uiih ait hope of success s long a the claim- of the muoeen tired iocs remain ed mnsalished ii wasaid thai thu house was he caunf of the ruin of he bank but lie denied if 11 aour intention and our duv 10 proect the in nocent creditor from the ftaudulent dtihtor ttie direct ur migtn be ery honest men hut they were ver negligent of ibeirdoty when vere noticed to have been abstracted from the rank lhe enujd noi tell how it was taken thev knew ihmhfng of h they did not dischape the uust re posed in miem by ihe stockholder aid die public and n became the duly of ihe houe to interfere in order to protect ihe honest creditor he would now make the law according to their previous in tentions aod he would enforce it mr thomson did uoi wish oairaipn the parlia ment thai pasved the bill they might have been acnaird by the beiof motives although their in terference a a- the ruin of the institution all would he settled 10 the satisfaction of all concerned but for 11- interference the a uv general would propose a preamble dittereni to the one now read 11 would determine the sense of the house he did not sa that ii kas indplteaie iu the bon member orany honniem- bei supporting the tiill hewivhed tojrive the in- formaiion io the publlcaud he was murprised tliai he oppod it ii nasiaed thai the interference of the legislature ruined the institution how could that be when the persons concerned in ihe hank w re purchasing up month before ihe holtse interfered all ihetr paper at 30 40 50 per cent discount hear hear he was not here when ihe bill parsed bui he thought the houe fell a stronp necessity to interfere there could be du one impression with regard to this institution if there was sufficient integrity io the direeiois there was not sufficient cate and anemion an hon member aked why the crown officers and courts of justice did not interfere and put down ihe instiiuiioii he would call their attention 10 the period of ihe establishment of the bank 10 shew thai mmiiinm of ihr am ileo iptiou were carried on in lower canada the paper of which was in circulation amongst us there was nothing else but then paper in circulation he avow ed aod admitted that it wa an illegal institution tne tried to make a legal iustitutou and thrv failed and when the bank went into operation we should suspend all payments if we checked he circulation of the paper of ihe lustlluliou if the cron officers had interfered wiihoul beiugcaled on by the magistrates grand juryu or an indi vidual to do so what would be the comteqiieuccj woold noi the country say that sueh imeilerenee was cruel tliai it was uncalled for that thev had ruined he institution and ruined the inno cent holders of their bills ii would be entaih ng uiugreaieal possible evil on the innocent sufferers lie would be told dial he would begfdiv ol more cil than he could ever rcmed tne hou they could not recover at their debis but he would make ihem recovei all tbat the could aod he vrtmld imtalltw the dolors an defence but ho- net defence and if w could 3 that there were an debts that hoy cmld 1101 lecover in eoi- sequenceof iheiuierfeieoce of ihe legislature he would exonerate iheuiaooi the pa metii of them if this accorded with lie feelings 0 the inajerit he would propose a pramblr iuxead of the one jnsi read but fihe rejected 11 he dad done his duty and wuuld be athtied it they dd uoi ap prove of the course migrated ihey mtghi pas hie mil now before them 00j fherr winia bean otrd to ihebuatoert ileditiot itiiiik 11 righi tone up the property of direckrsooly when there were oiher persons luteiested iu lngland under si milar circumstances ihey tied up the property of ihe stockholders and if ihey bad passed the bill in that haisn manner they would be much belter now tha the were b- adopting the bill before them they i mould he casting off the only iecuiity the puhhc bad without afford tog any sort ot rem edy when a hill was sent down last session iroiu ihe upper ho se it as scarcely read it was thrown out a letter from one ot the directors was read setting forth his id on ihe comimtee a great deal of pains were taken to get the information persons intrust ed with the atfahs of the bank before ami af ter its lailnre weie exaiwined and their testi mony was though sufficient to warrant the in terference of the leislahne the repot i sta ted thai in consequence of me fraudulent eon- duct oftheofxcers of the iutrtittinn a large deficit vvas ibindi it was sud thai 3 large sum was terleened at that tune but how was it redeemed bv notes of the bank and by persons who bought them at 50 per cent discount tl e dt bis wete redeemed this wav and the honest creditor was suffering ihnse ho had bills sold ihem at 1 discount did not he directors get the full value lor these notes ves and they had a riht to pay the full value in return it persons hud specu late on these bills he would pass a bill that they should not get more than they actually paid for ihem the directors were placed in a better situation than fney were before the act passed because ihey could not before it passed recover if they sued a man might till them you may sue me and i w ii pav you hen i can if you intend to force a man to do vim the law would not compel him to do he would not do it tin- fcreat evil after the passing of the act arose from the bad pleading o the counsel employed by the commissioners lo recover ihe debts but now there was occasion for an act fci peisons who became endorsers a ere not liable to pay by law what they were inorallv bound to pay it would noi b hard or im proper to make them liable they knew when ihey indorsed the bills that they became res ponsible 10 the bank lor the amount of them and he would make them pay whether they got notice of the nonpayment of the bills or not this showed that there was a strong neces sity for legislative interference he denied that the affairs of the hank were referred to a secret tribunal the doors were opened to all the members and to those ihat were not mem bers he never knew of a secret tribunal till this session the hon member said the direc- tnrs were stigmatized by the report bm he v pfif ov sqrrr rn prriv om f thing in thai report that wan 11m justified ky the evidence of ihe officers of the bank who said ihat fraud was commuted and who were the cause of thai fraud having beeu committed the direeiois who never looked to see that the accounts were right they said thai they knew ihey were incorrect and if they were stigmatized 11 was from their own confession the learned member aked why iheydid not pursue the course adopted in new kork we miffhl prosecute aod they might not be found guilty in a court nf justice although the nresi- jumcianu pp ttal imlw t was onfrsed lhe otit he believed tie directors did not act dlattoneat ly but it was our duty to waive all reeling ol that kini do justice to th in jured air thomson said the commissioners af 8 ler thtir appo ntmeoi pur chased up the bill of the bank at a dlsrq nt the au y genera aid if they did so they did what ihey ougiif not ta have done h wauled v dencft strnncer tian assertion be- ci 6 on the lull bef ibia he could believe ii tlity might have speculated on the bi hp before iheir appoint- lunl it watt very possible when ihey saw tbe very offienrd do it but when ihev were made comuiiwlbiieni it snould have occurred to ihem ihcii iht- j were doing wrong the commissioners were known to the house hey did not solicit the appointment iheir names were inserted in lh hill contrary to their wishes they thought it was an odious duly and liey wished to letire from it they imue an aileinpt m recover the debts a d in doing so they intoned an expense o 4 or 000 pounds for whuh ihey never received 1 pence mr ii dvll said if the affairs of the hank robbery was commuted by one of them he wassorn ihat the affairs of ihe bank were not given up 10 the directors when they applied for them he wished it and the commissioners were displeated with his recommendation actions were brought a second tune by the same counsel to recover debts and thev again failed it would not be honorable or just that be cause a few persons speculated in the bills all should suffer the creditors were not in as good a situation now as when the act passed they might have sued on the hills of ihe bank bui thev could not on the certificates thai wire issued therefore it was necessary to pass a hill on that account the bill before them weni to release the property o the di rectors to take away the only security the public had he would never consent to a hill ihat would leave ihe creditors without a reme dy he was anxious that something should be done effectually iu this business and not act as ihey do in other countries mr perry not having the printed papers before him for his illfohtiatio did not know were ivune now ihah when the act passed which way lo vote he would ma ilie uuirecuw nau occasion to blame the le- glala tire more than think them the learn ed any general said lie debts could not he collected because the hw was ineffectual and be stated aiierwards tint it wan because the lawyer- did not proceed in a proper way ro collect them if that re the ease the law was sufficient lor the ree ivery of the debts and why pass another aw let them collect under the provisions ufth present one he adverted to the history of the proceedings befo e it came before nis house the legisla ture interfered ttuhuota petition before them and how did they iuejfere by a seerei tribunal was that a proper mode where character and proper t uasat slake the legislature should batt directed the crown officers to prosecute ricra and let them he punished they would rw then he stigmatised b a report ol a eonrrlee why not pro secute them for a frndulent conspiracy it was the course adoped now in the state of leave a stmaonthisliouse wew ork where ridolent transactions i th holders of the notes were took place he crono ulficers proce d and the party accused hj the power to defeud their character from ik aspersions thai were cast on ihem the al general said that the if hole of he peou- interested in the hank ought to be mtd liable- tn the debts how are we to doii is it at the expense of those ruined by i interference of the legislature h aid l he would leave t to iue stockholders to settle the affairs that is wliat the stock holers wished and they complained because tlt wtr n allowed to settle them the dftptois redeemed 5 or 60u0 pounds in a few veks after the failure ke everv nun a ihjw iiillosw twww tstoj- he would dono injvstice to any man he woule make the commissioners accountable for any loss sustained by ihem ihey refused the notes of the bank hi pay mem for debts he would collect all that was available but he would not make the indoisers pay who were not called upon ihey thought t perhaps that the drawers had paid the notes indorsed by them mr morris said his object in moving for the priming uf ihe accounts was to let the public know bow the affairs of the bank stood and how members voted and not io lay it before the house for information as ilie journals con tained all ihat was necessary the question now to decide was whether the parliament would make those indebted to th instituion pay their honest debts or uot he hoped there was that correct feeling heie that would not i4 was said thai speculators how could ilrai he were not the holders iu every part of the province i speculation took place those only he believed who were con cerned in the hank were the speculators pamphlets were sent all round the country from bartlett ferguson and the president showing that every thing was in ruin and who would become speculators after such publi cations he read part of a pamphlet pub lished by the cashier to show the ruin and peculation thai look place in their institu tion he said this pamphlet was published before ihe parliament that was stigmatized aud evry day made fi najrs appear betler hv hui members look the business up he and belle nil tbe legigwrj look 1 up af- denied that there was a secret mbmal on ins tr ibey tok up lipnri buinessevery i hi ie n done and uoeredto settle all heallairs if they gave member mr tlmmon was on hie hand jurj a knigstmu he might have called upon him to inter fere if lie pteaed but hedid mu the ilittilotinii went on aid went on to hucli a wav that could uoi be accounted fgr and ruiu followed si wa litem up to them ihe taglriattiw at the re quest ot thecommismr would not rfo so and now they were cal t ioake guod the whole and to to persons who speculated fin the no what claim had ihey the coristitut gae ihem none have they takeoaway an remedy thai ihey bad before nojthe remedy still re- mains wl with the this discussion was j ficed on ft camt on m the ordinary corf of business those who were opposed to wt prepaied to go into the diacusp wl they wanted was to remove a resln ia was bin den someam injurious to lm character and pro pert of the director ail a rt trictioo hal one of the cnmttiissinn rs ibouglu burdenaoidi and inconvenient hip boijfctil ihe atnend ment was ohjeetionah- ne would not al present enter into the prila of 1 fte was in favour of the hill from coovtcfion that il wa necessary and ihat i v4n ol he jut to impost- upon ihe sloe n the burdn ol ihe dehth ifthe law flciual let action he brought hkiiinai tl bre bble mr jooai jones wa d to bear a por- ug was none in the most open way and the report very justly scaled that it a as one of the most iniquitous transac tions that ever took place in any country the parliament properly interfered to pro tect an injured country and it was wrong to stigmatise the parliament for doing so it was for the house to consider whether those who issued notes io the amount of 20000 should lib the rreditrfi interference waa i be compelled to pay them if the directors e stockholdr ai institution wouhi come forword and co led what was doe and pay it over io the creditors he would ask no more tf r one of the dire tors proceeded vmth ireil hiime lo iviooiel and under preteme ol matvertently i ailing iii upon oe ol ihe hanks bete a lai- atuouni ol mil n tedenned nolo w loducd nbiaim d ihcfuund convert ed a pm to 1 1 ovn ue ft r which in his o- punoo there was ii ienl ioniijs fot an m- ileiniriit ilisieail o whiiu iv tlv unjied- tonvtit of the same inmii tnt dec- t ors his name was mock od ihe bond entered into by two setmines ih the fothful dfe chire of the cashiers duty tlnieby ren- deringit null and voi ami tins under a po- text ihat the person win htl so surirtiiious- iv obtained their notes would not citbetwhs give them up instead ul plunging him into a proper receptacle foi sueh base uuhloshing conduct the wily lirectois allowed him to march fourth in it ii ihe jjhriois majesty ol berty with a cenifieyie proelaimtug his honor 6tiniegri be woiildiike in see the drectors made to disgorge thkir plunder to the amount of every shilling they were worth and then the public have a further re sort upon each imlivid lal stockholder to the hill amount of the sharprhe snlimtibed- the coiumssiuneis appuiuied bv ihe kisdature to settle their affairs were accused buying up their notes ai one forth oftheii estimated vau he knew such to have been the cie with some of the directors and with which it one time they miiit have litjuidated ihir debts this he could conftovnslj state io the hoitse was a fact within his own knowledge i jbhame el disgrace let them remain a warn ing foi all similar i stltutious hear he ir mr wilson would not allow ihe delinquents to go free ii would be unjust it would be al so unjust to make ih stockholders responsi ble but he would support a bill to make he drtwersand iudorsers of hills pay what hty owedanri divide the amount betweeiwhe rredi- tors then compel those who robbed the bank to pay and the di ree tot a aiierwards ii no justice could he done he wished lo be toh so that he mighl inlbim ihe people ihat ihey could not get their inonev he ihouht rite re was wickedness ittjintiee and cruelty in he proceeding upon thi bank be was emni to say tliat here was evil in the legislature hfl did not know but the hon menibmof the long robe were ntained on this business those who robbed the institution had money and would launch ii out to retain them mr walsh said the were luldtbat the di- rectora disposed of their property al sheriffs sale the act was passed tor ihe security of tbe public and it was true tbe public was in- failed it was oeheved that ihey were solvvijf but the managers made the people believe that they were insolvent and they bought up their own notes at an enormous discount ihey now wanted io release their properly he would never agree to such an enactment it would be enabling the directors to put tbe innocejll suffers and the legislature at defi ance mr bidwell said the restriction did no good whatever it did not prevent the sale of ihe pro perty by execution but it did the directors greai injurv would ll he fair to throw m the responsibility on the direcu rswheu you pui the property out of iheir power mr m clean said his brother was a director n that unfortunate invitation but he would not suffer his feelings to interfere here it was said that the law was not effectual and why because nothing was recovered under it bur the good effects of it was yet to be ex perienced he wns deeidelv for retain me ihe property of the direeiois in the situation it was at present justice aud the country required it the conduct of the directors was such that the legislature was compelled io take the affaiisom of iheir hand and place ihem in the hand- of commissioners ihe commission ers failed in hieir proceeding and as it for thai thai tin dirctornrs should be discharg ed no j he would pss an act to enabled cre ditor to recover what ws ne mr afkison would in case the bill propos ed was lost make a motion to riave a select committee apoinied io enquire into the affairs of ihe hank from the time of it failure till it wa taken o it of the hands of ihe direeiois flri up to this lime ami he would bring all the diieeiors officers emnmismoneis and ilir lvif t i teutons ol tbe directors ami stockholder al ter the fa mure where as just as any persons in the wothl ifthe house would place ihe bank in the hands of ihediteciors and stockholders in as good a sla e as it was when it wm taken from them the proceeding would be fair he thought the commissioners conduct ought to be investigated as well as the directors he thought the directors were honest men he wished tomippori the honest creditor- messers j jones a 1 1 y general and m glean would oppose such a motion if propos ed the preamble wa put and lost mr aikinson moved his amendment which was lost and the preamble proposed by the atty general was carried by a majority of 14 mr coleman said he should oppose the hi amen obtiqu had been thrown upon the lasi oarhament for having interfered with the late kingston rank affairs however unhappily such interference terminated he would noi ascribe to them any bad motives after see mg the nefarinus tiansactious of that inslililli on and the innocent stockholders as well as the public plundered of their money was n not tune for legislative interference m put a stop to ihe iniquitous career of the directors hear hear the very face ot their hills shewed a deep design the words tj be paid out ojthr jhnociahon fitndi and no o- from the albion colonial trade washington jan 91327 mr tomi inso from the committee on commerce to which was referred so much of the presidents message as relates to the com merce of the united states with foreign nati ons and their colonies made a report in de tail accompanier by the following bill a bill to regulate the commercial inter course between the united slates and the colonies of great britain be it enacted by he senate and house of re presentatives of the united states of jimerica w congress ass nib led that from and after the 30th day of september next the ports of the united states shall be and remain closed against any aud every vessel coming or ar riving from any port or place iu the btitish colonies or possessions hereafter men tiored to wit the british possessions in the west indies and or the continent of south america the bahama islands the islands called baicos the bermuda or somer islands the british pos sessions ou the coast of africa the colony of the cape of good hope and the islands set tlements and territories belonging therctoand dependent thereupon the islands of mauriti us and ceylon and the several islands and ter ritories belcnging lo and dependent on each respectively the british setikmenls in tbe island of new holland and the several islands and territories belonging thereto and de pendent thereon tbe island of van dienant land and the several islauds belonging there to and dependent thereon lower canada the provinces of new brunswick and nova scotia the islands of new found land si johns cape breton anil tbe dependencies of them or any other coloril or possession under the lominion of great linlain tit llu v cut tndt us or ou the qouttoeut uf america aud any