The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-12-29

soH, was rejected, which motion prevailed;
and on motion OF Mr.. Bower the bill was
laid on The table.
On motion Of Mr., Leach i, was
R,solred, Tha, the Committee on Military AZ
fairs be instructed to inquire whether any and
what amendments are necessary 10 the Militia
Laws, and report by bill Q. otherwise.
Mr.. Barringer. from the Committee on
Internal improvements, TO whom was refer.
red the memorial on the subject of Canal
BET tween the waters of Lumber River and
Cape Fear, made report IN favor of the
proposition, and recommended the adoption
OF the following Resolution
Rssolred, That two thousand dollars be appro.
prlated, out Of any money belonging 10 the In
ternal improvement Fund, not otherwise appro.
priated, to be laid ont under the direction and
saperintendance Of the Board Of Internal I'm.
provement for the following purposes, 10 wit;
First, for surveying the most suitable and pract
cable route for a Canal between Lumber River
and Cape Fear RIVER; and. secondly, after de.
Quoting the cost Of such survey, the residue
thereof to be applied for the removal Of obstruc.
tons, and improving Lumber River from Blues
Ridge in Richmond County 10 the South Caro-
lima line.
The bill which had previously passed
the House for regulating The County Courts
Of Rowan, was returned from the Senate
with 40 amendment, SO as 10 include the
county Of lredell: the amendment was Goa.
CURED 10.
Mr. Moore presented a bil concerning
the University Of North Carolina. Pro
yides that 90 tiplIng shop shaI, be set up
within two miles OF the University, without
the PERMISSION Of The President Of the Uni.
versily-maklpg I, msdemeanor. Pass.
ed its first reading. and referred TO the
Committee on the UGisersliy.
Mr. Gambler presented a letter from
Philip ii. NeIison, mute, relating 10 the
erection Of Dat and Dumb Institute,
which was laid 90 the table.
Mr.. Blggs presented The following Reso
lutions, which were read the FIRST tune and
passed.
Resolred, That the Joint Select Committee on
Banks, be instructed to enquire into the expedi.
ency OF passing or more laws with the fol
lowing provisions
/. That if, ut any time hereafter any Bank in
this State shall suspend Specie payments and re-
main in state of suspension for thirty day0 IN
any one year, 1t shall be the duty Of the Attorney
General 10 issue seirf faciaS against such Bank,
retnrnsble before the supreme Court TO show
cause why the chatter of such B4nk, should not
be forfeited
2 That II, at any time hereafter any Bank IN
the State, shall refuse 10 pay the notes thereof
promptly upon demand, il shall not be lawful for
such Bank, so suspending, or refusing, to collect
any debt due said Bank through the Judicial De
paTtmeni Of this State at any time during such
suspension Proridsi kltCsrsr that the debtors
shall regularly rrnew their notes pay the int.
rest and give such security is may be good and
sufficient.
3 That It any person or persons, holding any
note or notes Of any Bank u this State, shall pre-.
sent the same for payment al any Principal Bank,
or at any Branch or Agency whore SAID note or
notes are payable, and the payment shall be re.
fused, the said note or notes shall draw interest
al the rate Of % per cent. per annum, from the
time Of s1i4 demand and the said Bank shall psy
the same.
g. That no President, Cashier Director. or
other Officer, in any Bank 10 this State, shall re-.
ceve loan from said Bank more than ,Sice The
amount Of STOCK owned and held BY him or them
IN said Bank and in case Of violation Of this
provision, such President, Cashier, Director, or
other Officer, shall be guilty of a HIisdemeanor
and subject TO indictment.
S. That no Bank in this State shall either d.
Tscly or ndfectly, sell or dispose Of any Bill Of
Exchange, or other instrument Of ike character,
payable IN this State or 10 any other State or
Territory in the UIited States. 1t a greater rate
than one and half per cent. premium on the
principal sam, and any Officer of said Bank, Of
other person for the benefit Of said Bank. violat-
ing the provision, shall be guilty Of misdemea-
nor and subject to indictment.
6. That the damage on protested Bulls OF Elk
change. or instruments u like character, purchss
% or discounted by any Bank in this State, Of
any person for the benefit Of said Bank, shall be
as follows, and no more, that is to say Where
the bill shall be drawn Or endorsed in this State,
upon any person or body corporate 10 any other
Of the United States, or 10 any c; the Terrific.
RES thereof one and half per cent. upon the
principal sum, and If ans Officer Of . Bank, or
other person fOr the benefit Of said Bank, shall d.
rectly, OF indirectly, recover more damages, be
snalI be guilty Of msdemeanor and subject 10
indictment.
Rss9irsd, That said Committee farther enqui.t
into The cause Of the great reduction 81 the crcu
laioD Of The Bank OF the State, as appears By the
returns made 10 the Treasurer, and reported Il
this Assembly 10 the propriety Of this Assem-
big appointing Representatives Of the Stock own
e BY the State, at the annual meeting Of thl
stockholders Of said Bank to be held in Januar,
next; whether the law ought not to require writ
ten Reports from tie Directors Of the Bank, ap
pointed by The State, 70 be made 10 the Governor
70 Je communicated 10 the General Assembly
and whether the mode Of appointing State Direc
tors ought not 10 be altered. That they fuyihe
inquire INTO the propfaty Of passing law pro
hiJIting 1ny Officer Of 4 Bank from acting as lh'
proxy Of other stockholders. and limiting the du
ration Of proxy to one year without esal--
and that they farther inquire if any compromise
o. voluntary releases Of debts by the Banks hay,
been made since Inc al ournueut Of the last As
semaly, the grounds and reasons for each one
and VINO we're tAa Drestors Al the time 4uC
whether the State, By any public officer thereof
aEsented to any such releases OF uomyT.n .ses
and for that purpose, that the Committee hav
power TO send for persons and papers and lha
said Committee report by bill OF otherwise.
The engrossed ResoI1no.s from the Sen
ate, in relation to the United States Arseu
al al Fayetteville, passed their three sever
al readings 10 the House, aud were ordete
10 be enrolled.
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