Extra plastering on the outside walls, averaging equal to 3 coats of 990 yards, necessary to fit the walls to receive the 3 last coats to finish the work,

Mason work, fitting the stone work of windows for fin

400 00

3.00

Paid Sevier, for opening chimney in court room,

Paid Sevier, for putting extra plastering on inside partitions, fitting for 3 last coats,

Taking out old floor in lower hall, and putting down

new one,

20 00

157 50

Of Mr. Palmer, a minority of the select committee to which the account of D. Baxter was referred.

THE minority of the select committee to whom was referred the account and contract of Mr. Baxter for the completion of the capitol, beg leave to report:

Your committee have carefully examined the contract made with Mr. Baxter, together with the account connected there wh and the minority of said committee have arrived at the following conclusion, to wit:

The minority of your committee find that by a contract entered into between Mr. Baxter and the Territory, that Mr. Baxter in consideration of the sum of seven thousand dollars, vadertook to complete the capitol according to a plan therein specified th in a certain time, and that he was to receive payment for his work as it progressed; that said contract was not complied with by Me Baxter in the manner agreed upon in said contract; that Mr. Bter has received the sum of six thousand dollars, while the amount of unfinished work on his contract amounts to two thousand three hundred and sixteen dollars.

The following is the estimate of the unfinished work on capitol: Dome and piazza, contract by county commissioners of Dane, with Mr. Van Bergen,

Ballustrade, per estimate of Mr. Hoadley,

Various items of unfinished work as estimated by su

perintendent of public buildings,

$495.00

350 00

Total amount of unfinished work,

1481 00

tol, according to contract,

and paid to Mr. Baxter,

From which should be deducted for unfinished work

Total amount to have been paid for completion of cap

$2316 00

7000 00

2,316 00

The amount which has been paid to Mr. Baxter,

From which deduct the amount which should have

been paid him for work,

Leaving amount overpaid him on contract,

From this amount deduct what has been allowed by superintendent for extra work,

Leaving balance overpaid to Mr. Baxter, for all work

done by him on capitol,

$847 76

According to this estimate, it appears that Mr. Baxter has be overpaid by the territory, for the entire work done by him on capitol, the sum of eight hundred and forty-seven dollars and

seventy-six cents.

$4,684 00

$5,000 00

4,684 00

$1,316 00

468 24

[SEE JOURNAL, PAGE 69.]

COMMUNICATION,

Of Alexander Mitchell, relating to the charter of the Wisconsin Marine and Fire Insurance Company.

MADISON, 21st Dec. 1843.

To the Hon. the Legislative Assembly:

I arrived at this place on Saturday evening last, and learned. that the select committee,, appointed to examine into the affairs and situation of the Wisconsin Marine and Fire Insurance Company, has recommended the repeal of its charter. By the resolution appointing said committee, they were authorized to examine into the situation and method of doing business of said company, and to report what modifications should be effected in its charter which would more effectually protect the creditors of the institu

ion.

The company has been aware that, for some time past, fears have been entertained by many of the people of the territory, unacquainted with the institution, as to its ultimate solvency, and a desire has been expressed that its charter should be so amended as to render them more secure in becoming its creditors. Knowing the firm ground upon which it stood, and that no state of af fairs could possibly arise by which its creditors could, in the most remote degree, ever sustain any loss, the company has regarded these fears as growing out of the evils arising from the depreciated currency with which the country was flooded within the last few years, and it trusted to time and the returning confidence of the people to do it justice.

These fears, it is believed, have been strengthened by the previous action of the legislature, which has tended to embarrass the company in its operations, create unnecessary alarm in the minds of people at a distance, and, it may be, loss to some who are but ill able to bear it.

The company has attempted to remove and overcome these fears and prejudices by confining its operations to what, by its charter, it believed they were limited, and by so conducting its

business that under no possible emergency could any possible iss fall upon a single creditor.

It has at all times been willing and desirous to have its charter modified in such a manner as to give the most ample and satisfa tory security for the payment of all its debts. Acting, as it has, with the utmost good faith towards the public, it has been willing to place at their disposal a greater degree of security than was ever before offered by any monied institution in the country.

When the committee was appointed at the last session, it was hoped that some modification of the charter could be matur agreed on, which would have satisfied the public mind and have freed the company from the embarrassments and injuries attending a discussion of its powers and solvency at each session of the legislature. In this hope the company was disappointed. In con sequence of the absence of one of the members of the committee no modifications were proposed or agreed upon.

The company was not prepared to expect a recommendation for an unconditional repeal of its charter, and I need not occupy the time of the legislature in pointing out the injurioos results which would flow from the adoption of that recommendation.

To show the desire of the company to act in the utmost good faith to the public and the legislature, I submit, herewith, certa modifications in its charter which it is believed will remove all the objections which have heretofore existed against it. If secu rity for its creditors be required, it is here offered.

I offer these terms without consultation with the directors of

the company-but should they be acceptable to the legislature, I have no doubt they would be readily assented to by the directors and stockholders, in the hope that so long as they confined them selves to their charter, they would be left in the quiet enjoyment of all their rights and privileges.

Standing alone, as I do here, but a secondary officer in the com pany, it would be my wish that any action affecting the compa should be deferred until I shall be enabled to confer with its pres

ident and directors.

of embarrass I do not desire this postponement for the purpose

ing or preventing the action of the legislature, but that I may able to protect the interests of the stockholders, and in the fie and belief that, after consultation with the directors, such tes and modifications of the charter may be agreed upon as will fer

er satisfy the public and the legislature. The business of the company requires my presence at Milwaukee, and it is of material consequence to its interests that I should return at as early a day as possible.

I would therefore respectfully request that the resolution now before the house, and all farther action in relation to the company, may be postponed until the 6th day of January next-that being, I think, as early a day as I shall be able to return to this place.

I trust I shall not be considered as having trespassed on the rights and duties of the legislature in making this request, and, whatever the determination may be as to the final disposition of the company, I believe that a due regard will be paid to its rights. and interests, and that the same facilities will be afforded by the legislature for the proper adjustment of all matters, that have heretofore been afforded it by the company for the proper understanding of its situation and affairs.

ADEX 'R MITCHELL, Secretary.

A BILL to amend an act to incorporate the Wisconsin Marine and Fire Insurance Company.

Be it enacted by the Council and House of Representatives of the Territory of Wisconsin:

Sec. 1. That, within one month after the passage of this act, it shall be the duty of the secretary of this company to file in the office of the secretary of the territory, a list of the stockholders of said company, together with their names and the number of shares by them respectively held; and from time to time, whenever any of the stockholders of said company shall sell or dispose of the shares by them held, it shall be the duty of said secretary to give notice of the same to the secretary of the territory, and also the name or names of the person or persons to whom such share shall have been sold, and the number of shares by such persons held respectively.

Sec. 2. That the stockholders of said company shall be held jointly and severally liable in their individual and natural capacity for all debts and liabilities heretofore contracted or incurred by said company, not only for the time when such stockholders shail be interested in said company, but for six months after they shall have disposed of their stock and notice thereof shall be filed in the office of the secretary of the territory as herein required.