The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-12-22
HOUSE on COMMONS.

reading.
HOUSE OF COMMONS.
/ Mr.. FEancis prssealsd bail 70 amend
an scl. emitted an ael concerning txeeu.
flions and execution sales. lProslles lhs'
when officers take bond lnF the FORTH
e0ming u properly lesisd on. lien shall
continue until The execution IL ssslsfed.
although The officer shauld leave The pro-
perls 10 The possession OF The drIeodsnI.
Referred 10 ihs cumniilee on the Judi.
rIary.
Dir. BarriAeer, from The cammiiiee on
Internal improvements. 10 whom VAS re-
feued the memorial on the subject Of .
canal between the waters Of Lumber river
and The Cape Fear. made repor. il favor
the proposition. aad recommended The
adapIi0n u The following resolution:
Resolved. Ths,iso iloussnd dollars be
appropriated, out Of any money belong
ing 10 The Iasernal improvement fund, no.
otherwise appropriated. 70 be laid on, un-
der tho direcdnn and superiniendsnee nl
The Board of Internal improvement. Tor
The following purposes. % Ait; FIRST, Tor
Surveying the mos, suitable and prael'ta
bic ronls fos a canal between Lumber a.
YER aud Cape Fear riser; and. secondly,
J alter jsduciing The ccsl OF such surrey,
The residue thereof 10 be applied ior the
removal Of distractions. aud improving
Lumber river from Blues Ridge in Rich
mond county, 10 llls Sou,E Carolins line.
: Mr. Moore presented bin concerning
The University &c North Carolias. Pro-
sides that no iipling shop shsll be sci up
within two miles ol the University. with
gput' the permission Of The Presiden, OF
The UniversIiy-makiDg IL misdcmeaa-
or. Passed iis first readiag. and rti.fred
10 The committee on the University.
Mr.. Briggs presented a series Of reso-
lulions, instlucting the joint select COM
, mittee on Banks 10 inquire into the expe
diency Of passing one or more laws with
the following provisions, viz.
l. Ii any bank in this state shall sus-
pend specie payments for thirty days, the
Attorney General shall issue scire fact.
as returnable to The Supreme Court. re-
curing such bank to show cause why lis
, charter shall not be forfeited.
2. II any hank shall refuse to pay lis
, notes promptly on demand, its debtor:
shall not be compelled by law to pay
their debts to said bank during lis sus
pension, provided they shall regularly re
new their notes, pay the interest, and gise
, good security. .,., .-.. Ia.
, 3. Impose duty Of o5 per cent. pc
| annum upon all notes which the sal,
! banks shall refuse 10 pay on demand.
4. No president, cashier, director, o
other officer in any bank in this state, Il
: receive loan If more than twice the a
/ mount the stock owned hy him or them
A violation Of this provision to be deelar
ed a misdcmeanor, and subject 10 indict
4 ment.
. 5. Limit The rate on bills Of exchange
TO one and half per sent. with the sant
penalty as the preceding.
!. 6. Limit the damages on bills Of ey
4 change to one and half per cent. will
n the same penalty annexed.
: The said committee further 10 inluir
i into the cause of the great reduction o
!. the circulation Of the banks of this state
3 the proprie,y Of the Assembly appointin
!. representatives Of the stock owned by III
q State; altering the law relative to prox
!. les, &c. ..-...-
i Tie engrossed resolutions from Oh
Senate. in relation 10 she United Safe
: Arsenal al Fayetteville. passed their ,hrc
several readings in the lI"u,e, aud wer
4 ordered I'D be enrolled.
The bili 10 revive and continue In fore
an acl 90 Incorporate the Weldon RAJ
i Road Company, and to amend tie 'ame
+. was read The thlrd time. and the sves-aI,
!. noes being called for by Mr.. Talafcrro
- il was passed-ayes 6S, nays 81.
|, On motion Of Mr.. Gambler, The bill o
r the subject Of the Buncombe Turnpik
. Company was taken up IN its secon
- reading. Mr.. Candler spike in ftvor q
: the bill, aud Mr.. Nash in opposiiion. TIL
n ayes and noes were called Tor, aud II v
: rejpcnd-ayes Is, nors 81.
- The resolutions on The subject Of re
!, pnd alton we're taken up for cons'lerat on
and on motion OF Mr.. Caldwell. Of Ice
dell. were laid on the table and made H.
, order Of the day for Monday next.
!. The bill 10 exemp. cerIs articles {
= personal property from execution. wa
. taken up on its Third reading. Mr.. Cand
;, Ter moved an ameudaye IT.. aud made
!, speech IN its support. Several amen.
ments we're offered with the view OF el
numbering the bill; and Mr.. IIsskin
"a moved lis indefinite poslponement. whic
!, notiun did not yail--,yes %. mays 81
= The bill was then land on The table.
4 IN SENATE.