The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1843-01-19


and House Of Commons, de forthwith com'nuhl'
cate to the Stockholders of the Bank OF inc state
the following answer TO their OTTER, to SURRENDER
the charter heretofore granted TO SAID eofpora'
ton: That If the Bank Of the state Is Wiling
10 surrender their charter TO this General Assem-
bly. the said otter will DO accepted by the Legs
lature.'
4 Resoirsd. That a Joint Select Committee oil
3 on the part Of each House, be appointed, WIN
instructions 10 prepare and lay before thls "ehe-
raj Assembly, at the earliest day II is pfaeucaur'
the best and safest system for managing the luhus
Of the Bank of the State, and TO put them mo
The hands OF competent agents, 10 be chosen W
the Legislature, and particularly how, ana III
what way this surrender may be best used as d
means to relieve the people instead of depressing
them, and TO do this in such a way as will enable
the debtors to renew aad pay off their debts by
instalments, with convenience TO them, and sale
ty to the owners of tho iund-and especially 10
gnard the interest Of the State as Slockholder
and project the public against INJURY when sa'u
/ Committee has leave 10 81, during the session oil
The Assembly, and to report by bill or otherwise
MIR. Barrnscr moved the following as a
substitute:
Whereas. the individual Stockholders of the
Bank Of the State of North Carolina, at their an.
pual general meeting. held in this City on the I'd
inst did adopt the following Resolution;
Resolred unanunouslg By the individual stock
holders, in the Bank OF the state OF Notih laro
lima. that ii il be the pleasure OF ihe General As.
setpby OF the State of North Carolina, to instruct
the Representative Of tho State, IN the General
meeting of the Stockholders Of said Bank, 10 pro
pose the adoption Of such measures, Is may be
necessary for closing the business Of said Bank,
and div ding the Capital Stock among tue FRO
prietors thereof at as early day as Is consistent
with the security of the debts, and reasonable an
diligence 10 the debtors Of the Bank, they viii
concur therein.
Rtsolrsd, That copy Of the foregoing Reso
luton be transmitted BY The Chairman Of thu
meeting to his Exceleucy, tie Governor OF lh'
State, with a request that he communicate th'
same TO the Legislature, and also inform ihal DO
dy, that this meeting wll be continued open iron
dgy to day, by Adjournment
Which Resolution has been Transmitted
for action thereupou, 10 the General Assem-
biz, by the Governor Of this State; AM
whereas, i, is the opinion OF the GENERA
, Assembly, tina, however the private inter
esis of the Stockholders, Uhe Stale lnclud
. ed y might be promoted by closing the bu
! siness Of said Bank, and re Investing IN
CAPITAL thereof, in other more prohlabl
O employmen,s, vet, IN the present crisis
a affairs. such course might be destructive
. the best interests of the gtea, body OF the pee
Die, and be attended with great distress an
eInbarrassmen,s, ard lead TO consequence
that cannot now be anticipated; therefore
Be- il rssolped Sg he General assembly Of q
., State of North Carolina, That IN determinin
the question of the surrender Of tue charter OF sal
Bank. such course ought to be adopted az wouI
diminish, instead OF increasing, the present d.
l. trees OF the people and that therefore, the X
preventative OF this State, in the meeting Of Il
&. Stockholders Of the Bank OF the State Of Mort
Is Carolina, be instructed to refuse his concurrent
he to the above proposition Of the private Stochho
ders. to surrender the charter Of said Bank, al
i. that he be instructed not to propose any measat
in the present state OF affairs for closing the !
siness of SAID Bank and dividing the Capt.
ID stock among the proPre'oEs thereof
Az interesting debate ensued on this m
! lion Messrs. Barrioger. Caldwell, Of IL
m dell, Ashe, Baxter, Francis and Leach q
, vocailng the substitute, and Messrs. big2
e Jackson, Bragg, and Cardwell, The origin
d Resolutions.
d The debate was continued until hal, pa
Two o'clock, when, on motion OF hr. NJ
Rae, the House adjourned until o'clock
~ EVENING SESSION.
The House met at O'Clock, and pr
ceeded m the discussion.
Mr.. McRae, took the floor and address
On The House for some lime ~lIh great warm
Sc in opposition to tie Bank, but before be b
is concluded, was compelled 10 take his So
10. from iudisposi!ion.
The debate was continued By Mess
~ Lord, Ashe Nash, and Francis. 70 favor
Of tho substitute, and Mr.. Jones Of Orange,
I'D favor Of the original Resolutions but beic
The question aas takeD at about o'cloC
IN. The House adjourned.
az IN SENATE Thursday Jan. ..
Mr. WIN ?. Williams from The &c
ole mltlec on Internal Improvement, TO VIII
cal was referred that part Of tie Goycfn0
The Message which rt'aIcs to the construct
ola Tutnpike Road. from Raleluh 10 30