The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1843-01-05
IN SENATE.

enfpofaie NE MotnsI lMsarahea Le1pa-
ny, Cor he equally - Wskr." 9th ~
.ntndmeLL Rssd. and % s,saisn II
Nc. Elliott, ordered 10 be printed. and
made the order 81 The day lor u nor
ro~.
Mr. Hodges presented The LEosiag
rFs0lutons:
Resolved. That Il 10 ihe right and duly
Of The Peoples Ieprsseni.Hsss. b. keep
The people advised ha- Tie Ia..nsy al he
state and oilndisiduals. 10 nsnased b. the
ofieessmplo, cd for a,rurposss and lh.i
The presenl 70 not The iins laf lhem silent.
Us 10 ssbmii sItbers 40 *. ~ rived Of heir
jusl and proper prAfls Upon their monies
In The hands 10 said officers.
Resolved. therefore. That The Puhlie
Treasurer be. and he IL hereby suihorirrd
and required. 10 m ks an immsdIsle ell
upon The President and Directors Of lhe
Bank Of C.pe Fear. for the Causes where
lore ssid bank declsssd q sesDi-snnual d.
.rdend of only 2 a per cent on he ca
pllal sock. IN January last. when the OH
90 banks IN the State declared disWends
Of 3 per cent or upssrds upon their
stncki AMI why said bank declared no dI-
.idend a. ali ia Jaly last. when The other
ba rs declared dividends, 81 2 per cent
thereby causing loss % the State on her
stock IN said bank, in one year. ~ CON
pared with The dividends fsOm the other
IA h, Of els. CAT. aud . iuss To- indiv,d.
usis, owning ssid stock. Of $40 1913.
Aud whether any pau of said loss has
been caused by The plunder af he hank.
bv any 81 i,s own officers, end 81 shst
offers said lhefis hsve been cammimed.
and The a,nauni 90 lost And whether
any part sl said iosses have beencaa.ed
by loans 10 build railroads. and lying
over. wilhou, The paymen, Of The ME
rest thereon: and hos much ei said
interest 10 thus lying over and unpaid.
And. ike ise. whether any rari Of said
losses has been caused by permitting "a
Sorilss. under prcsncc &c keeping ac-
cnun,s with said bsnk. {, sbsIsr, MONIES
from said bank. upon their mixed. or in.
sufficiently secured notes. bills. checks.
or drafts; with which 10 shave in The
northern cities. the prnmi.sery noles"i The
Nauh Carolina merchants. {, be ,hrowI
into said bank Tor csllectian; sud The
amount lost by tie bank. BY said ,ransac-
iions. aud The Offices ., which .hsy hsp>
penej.
Resolved further, That the Public
Treasurer demsnd. in the name Of The
siate. OF the said presldent and Directors,
20 respond 10 his said call, a. early as
prscncable. and that be lay The response
Immediately before the General Assem-
bly,. las -.
Mr.. Joyner moved 10 lay the rrsalu
tons on the table; but. ., the instance Of
Mr. Morekssd. Withdrew hls motion.
Mt. NJ observed that there we're resolu.
,ions from the other house, mr. arly 20 the
same effect, upon which conm,iiee was
siresdy raised; said he was glad these
resolutions had been offered, aud moved
their references 10 the committee on
Bsnks.
Me. Edwards concurred with The Sc.
nstor from Guilfurd. The resolutions
involved matter OF vast importancs 10
the sists--ineuiries into wrongs commits.
ted by one Of those corporations called
banks; and in hts opinion, they ought 10
he considered before con.miuee.
Mr.. Hodges observed, he had no OBJ
lection 10 The course proposed by the
senators from GuIlIoTd aud Warren.
Mr. Brown. az one Of The commune on
Banks, said the commiaee was ready 10
fulfil shy duties The Senate nigh, deem
ct to place upon ,hem. The duties al
ready assigned were Of complicated
character, and be much questioned tie
physical power Of The committee. (oto.
,id-d the reference Of these rssoluunns
10 that body. should prevail 10 comply
ith the wishes of The Senate.
Adeba,e sprung up IN point Of order.
10 which Mess,s. M,rehead. Ioynet,
Brown, and Ea~ ards. participated. The
question, as understood by the Reporter.
was. whether the Adoption Of . private
resolution, alter It's reading. d,l not take
il out Of The power Of the Senas snbse.
qnsnlly 10 refer. Mr.. Blown then gave
the banks one Of his severe csst,gatons.
Mr. Mnrehesd suggested TO Mr.. Hnd>
ges. 10 alter his resoluious. So as 20 make
them Of public nature. lie trusted they
would then be adopted; and as one Of the
committee on banks. to whom these Ie>
solutions were prop"sed,ob be referred, he
should no. shrink from any labor the Sc
nate might deem i, rIgh, and proper 10
impose upon il.
Mr.. Joyasr moved to postpone the
consideration of these resolutions until 10
morrow, and that they be printed; which
motion was aegauved. and The resolutions
we're adopted.
Mr.. D,bson presented the following
resoluu0ns:
Resolved, That The General A Assembly
Of North Csrrlina cher,shrs sacred re-
gard for for The public credit Of this state,
and will main,ain inviolats the public