The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1843-01-26
Legislature or n. Carolina
IL SENATE.
Thurs Ia, Jsssasy II.

49, 1879 MMsE1 VS. kNE A0tEa "
shish .w1s ssieeaed The resol1sion ID Re
alton 10 me appointment II IN agent 10
he slfars 81 The Wilminglnn
md Raleigh Rail rosd compsny. Be-
rseoasidsrrdsd: ahieh as rs nrgs,is
eli. % 10 %.
The resululioa relsaing 10 The Bsnk
Of the S.sss. Iihe unfinished business Of
yesterday. wss laktA % and read the
third ilme; ahen Alr. Eduafds moved
he following rtsolu;ioa - - amend
mem.
Resolved. That he Speakers Of ihe
svo houses 81 ibis General Assembly /
eonnunicsie 70 The President and Di-
Feciors Of The Bank n The Stale Of North /
fsfelins copy 81 The foregoing Eesola
lions.
The anendmeni was adopted, and The /
discussion resumed on he merits Of The
osr,nsl resolution, and continued until
adjournmenk Messrs. Brown and Coop
q spoke ia favor. and Msssrs. Morehsad
and Dobsan. IL opposition 10 The rsselu-
lion. The Senate sdjourned. wilhou, TAX
ing the question.
HOUSE or COMMONS.
Ne. niges, from lie select committee
appointed 10 inquire into lie solseney Of
The ohlrgars. on The bonds Tor loans f,om
The Literary Fund, made report. stating
ihs, The Governor had given them every
facility Tor an examination, thai they found
that no hing had been los. since lhs Board
hsd been established. and that they we're
SATISFIED that the Bonds we're good. The
report was concuned in. and. On mctIon
Of Mr.. Bsrriuger. vas ordered 10 be print
ed.
Mr.. Bragg, from the committee on the
Judiciary, reported the bib 10 amend an
eel entitled IN sei restraining excessive
ususy. recommending its rejection. The
hill vas then read second time, and Mr..
| Gambler moved to lay il on the i,ble. as
the gentleman who introduced II. MI.
| Francis.l VAS mol in his zeal. bot the mo-
lion did not prspsil. The question lien
Tecutrtng on lie passage.
| Mr.. Moore opposed the passage OF the
/ bill, because /. was exceedingly imperfect
and would require much time to dTaw
such amendments a. woul avoid lie sm
psrlsclions. lie never could see. he ac
mt,.ed, any difference in morals. be,weer
lending money al IS per cent. and shaving
an uugurslioushly good note ., The same
discount. Bot IL vas clear that there wa
a difference between he ssIue OF notes
bonds, &c. some Of hich might be the fan
subject Of sale, and Others not. Generally
The msn who sells his good note al Tau
discount, is compelled either 10 sell h''
pronetty or lis note; and, he asked, wa'
n no. rather delicate interference in PR
cate affairs, 10 forbid him 10 make sale o
,, ar: OF his nocs, Howeserr he woul'
mo, make hi. idea Of inwrIsrsAce deei
sive objection to such bill. but the bi'
was introduced. as he supposed, unde
: the idea ,ha, lie pass zee would have IN
; tendency Of throwing more money INT
market, and iha, IL would drive shaver
from purchasing notes TO purchasing
u property. and tina, thereby property woul
fi,e: aud further. that il would dImIn's
9 suits. Mr.. NJ. thought Otherwise A
TO sui 9, they would be as numerous al
Ter The law, as before; for the man VII
: was 90 unfortunate a. to be compelled
" ,ell his n lie al heavy dlscoun" wou'
b be compelled to sue in his own name'
: that The only differ nee would be- IN
l. without, the law, shavers would bring VI
J sui,s-with the law. the creditors then
. selves would bring the sui's. AZ I" u
al idea ,ha, The shaver would become Pu
y chaser in the market. for property so
> undrr execution, Mr.. NJ. thought that u
o. frs, ,lins the shaver would do. wou.e
). 10 collect his money and hoard II nli
p cot large sums, whereby the circulate
N Of the currency would be greatly d'ml
E. isbsd, and The bargains in sales otprnp'
v ~, Who'll y monopolized by them. L"
e. if such a law al any time, won'a De
Us wholesome one, now was moi the u'n
as far ,ha, the shavers were sl'eady kings
ra the money market; that they had alrea'
nj eaopsb Of The notes of the snlortuns
deb,,Ts. 10 absorb ell The circn'snon
NJ The community. which he believed III
or woold Immediately do, aud pocket
ID. money until excellent bargains were oil
as ed; The reby both diminishing the elreo
y ton and deprecia.mg instead OF ra,s'
In the prcc If properly. Mt> NJ spoke
Mt some length upon The subject, and dsel
ID cd ,ha. he would 60 as far as as any
ey f,rrler. but tina, he had no conndei
Tor IN the measu,e---,n the contrary. ne
rus Leyed i, would stop .ha, speedy and qo
lor circulation Of maney which offered
'nd creates, relief 10 the pe"Ple--grea'es u
rroe sums which are borrowed
Ike Mr. Francis, {who had re'uroea 70
al. sra, before Mr.. Nj ,ore had c""e'"'e
md aid ,ha, he was rather suprlsrd al
the course taken BY the genlsma" rom
os- lI.x. q, ,h.s bill. Gentlemen OIL lhe
DC gal profession are usually hs nus :.
inn l., . Hsrt the UnSlIt