The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-01-20
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Charlotte 4.
friday, January 20, 1897.

X,ye received this Report, but are obliged
defer us publication until next week.
fhe Report Is not such as ne should like
II 10 e-but We suppose 1t was the best the
8ommltlee could agree upon. We were in
,oes the lwo.fitihs principle would have
zen recommended. The following is a
,op,ls Of the Report furnished by the
J 4lelgh Register;
81 The ReIan commences with the remark, that
i d. polite Act declares, in substance that the
~. distributed under Il rhali DC By way oi loan,
Il no, as absolute gifts The Committee are OF
II ui5u Tia, the ioan should be treated a one Of
az, liberal character, ahicA the Stale may never
i required TO repay
a The Committee Allude 10 the propositions Of the
okiar and Canal Companies 10 New. York TO
nos the money at interest and unanimously
commented the rejection OF these oysftufcs.
ID 4 Committee also rc2udlaie The plan Of dlsld.
the fund amongst the several counties Of The
.r. proposed ty bill referred 10 them.
IA " ,,h regard 20 the eIpeeiency VI establishing
ank. With hi. fund. 10 b. oNuod wholly By the
.e. ,hc Report states that portion Of the CON.
lce arc conhitni that tbs cstabli shmeut Of such
institution would contrAsens that portion OF the
r,i,tut.an Of the unura States which drclsrcs
no SAFE .hall emit bll.s - credit" Bodies,
II 6aspctalskiil, Il Is beheysd, could sueeessluliy
= .nav, bank founded cniltoly upon boFfssed
II La, dcmasd4 BE AZ the pleasure 81 toe irndsf
81 H. coneiusion the committee recommended That
n hsr shs.e u thf Surplus shall hc devoted 10
i gca,an aud Internal Improvement, 10 equal
h.. Tat part, gtvtn ios PURPOSES y Edacauun.
Il e invested N tl4e Stocks Of the B.nk u the
u Ate and thu Bank o. Caps Fcar--ihe JSiteots
"A .tns there on - ~ Ia The Literary uad and
y !. e Invested By The Pfsstdgn, ap4 Directors.
q The frssdos Of tie Su'plos 10 b. adaed - tss
3n,ernal Improvement tuai, sd placed uudr The
8onlroi 81 the Boltd 81 iniefu44 ~ rase.asai.,
!oaneI o1t 10 C,jm pai.isa aged a. oopsifuc..
Sotk. ~ the So proven, 4 " The ni-ana ., a.
j 80 Transportation. No compsay 10 b a.io~s4
u ftas a. am0aut sfcaisr tAAa ope hat ~ cap.
y ,,uek. apd ,he dcbl 10 b. ta4se sa.t ;, ,i.iisg
u - pef.ooal security. The loAn- "a he n.AG.
j .as, ,hc dlncl,sn q he bad y! iaistas. lus.
j., alrul.. hO afe u kst the funds . coafss
.si,r accumulation BY maAias nc~ i..as o.
stHel moocv as Il 10 pala "a. Ia tits say
j, .. IatoSnsl Improvement sal b. tarlltaica
y 81 1t tbc sassc ta.e, the .aa4s y d. accumulate
3 .lia't ast.
i Il said by 4 correspondent Of the fay.
FirUlle Observer, that 10 justice 10 NJ.
y raham, the Chairman Of the Committee,
4 j, Gehgscd that the Rcpor, Is not 10 &C
4 rdance Nth hgs views. bat Those forced
20 bun bl the fear that nothing better
Auld he roSucd al the hands II The pre-.
! b, legislature. We learn from the same
] 'rr. that on the lU,h INST, While the Re.
i II sas under consideration 10 Toe Com
ou., Mr. Speaker Has wood, IA az abe
20 b, opla.sed the Report Il lhc Commit
+, aud advocated ll,e policy d approPna.
/ ng portion 81 the surplus directly to Ia
\ ,nal Improvement hasludced redeem.
bus character from the repf,sch ol a ten
fauzns, party, Or sectional policy. The
luaing Is a sketch ii his rcmark., which
an act Of Justice 10 Mr.. Haywood, ~c
fsaIish;
10 the fret place he was opposed TO the proPs-
w Of the Commiurn to Increase the capital u
Bsaks he bsltcscd tbA, 40 nofe llAaA,sg
T. 1tal wn vsntrd 10 North Carolina, bot that e
si', he Sas IN favor OF d. bang couhued Io iss-
udusi. II, vas totally opposed 10 the state be.
1mlng Stakeholder. 70 further titcut than Al
furnL iis argued that the BanA Of Tie stats
s,i MOI sdsAptageousy Increase g,s capita, be-
gss i sss not located " a COMMERCIAL comNl.
! y. aud because It already possessed more than
ca4ld use. lie could bet ctsacc,se Of reason
ne Banks accepting subscription Of s5ujy
- ~ tne state, bcea0sa, as the Stock i worth
~ cent premium. It would be a git 20 The
l'r Of 100000. Besides which, by refusing 10
oeR such amendment OF their Chaf,et, they
u4'd have possession, lOr tao years, o. toe Whole
4'fpius, Niihoat paying ceat iof II. q course
A"ld 10 greatly 20 their ialetsst to reject the
eTea'o, lie ASKED Nhy It wss dqesned neccssa
q 10 make via Capital greater than that OF the
% Tear Bank. Were they willing 10 give
ooOo0 ;Cr The privilege Of bciag the stronger
tsnk lie oomphmen.gd both Banks iof sound
-, DC, bnt earnestly deprecated recurrence
4 ihc excessive Bank issues Of le2h Already the
{'ank u the State had debt 81 four millions,
<fcoiallon OF two millions aud dcpasite OF one
nion lie disclslmcd any petsoual interest
p osned DO Bank Of e,hsr Stock
Il IT. dfes a distinction betasea this Institution
% the Cspg Fear Bank. lie admitted tia, The
<<ommstot Ol the State might aant additional aid
31' be dssired facts UPON which 10 Judge, Tie
RoVc'tr, doubted shcIhor II was constitutional
hongi II pirate act But al all events he
o1ld amend The bill by imposing atax OF ! per
cnL instead Of and requiring the Bank 10 cub.
enbe sO0,0U0 70 the Wilmington and Roanoke
Raj Road
Tie then submitted his own plans, To which he
a' mol welded. blu; which he thought essential
The welfare " the State. lsi. he would pay oil
pc State debt OF 100000. Then he would sub
cfloc 'sofi(h. to the Stock of the Cape Fear and
ad.In RaIl Road, which he urged az the only
ON ol State Importance yet projected Tic had
IN reason personally 10 entertain kindly feelings
"atds Fayetteville but he wen, Tor the State.
ie would Genuine the subscription To the Gaze of
= actual subscription Of three filhs OF the whole
ftee'saty amount by individuals lie called up
The La Islntnf1 In. IrN W