The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1843-01-12

s. - "a izss q a4ags A.e fsilgs 80 ls
sclslien.
Resulsed uazaianonsgy. By she indiSi.
dual ssoekhnidsss. IN ths Bank &c shs
siake &c Norsh Caroiins. lhsi Il i i -
paeassss af llae Genernl Assembly q nc
SiaiE u NaFth rafplinAs y lnsaEacs he
rrpreseHfaaiss of De STATE, II ne e
nsrl meesing az lie sioekhatdeEs q said
Bank. % propose - adoption ~ such
naessnrrs Il nav hsnecexsary lor dosing
ths basiaess of sid BANK. and dividing
The capital stock amcng The pEoprieiors
shereni. Il IS early day = i eonsissens
with the security d he debts, and rea-
sonablc Indulgence ic De debtors d the
Dank. they viii concur therein.
Resolved. Thai ! eopy Of she fore
going resolution Be transmitted By the
Chairman az this meeting 10 his Exellen-
~. he Governor Of The slate. with re-
quest that lie Communicate the same %
The Legislature. and also inform thai boz
dy. thai this meeting win be continued
open from day 10 day, by adioumment."
Which resolution has been transmitted
for action lhercupon. 10 The General As
sembly, by he Governor DC this State; and
whereas. il is the opinion o. The General
Assembly. that however the private IN
ieresls Or The stockholders. llhe State in
cluded, might be promoted BY closing The
business OF said hank, and Re investing
tho capital thereof in other ssefe profit
able cmpleymenls, yei 10 The present cri-
SIS Of affairs, such course might be des
tTuclise 10 The best interests oI the great
body Of the people. and be attended with
great distress and embarfassmenis, and
lead TO consequences that cannot now be
anticipated: therefore,
BE il resolved BY The General Assem-.
biz ol The Stale Of Norih Carolina. I hal
IN determining the question of the sur
render Of The charter Of said Bank, such
. course ought 10 be adopted y would d.
minisll, instead Of increasing the present
distress Of the people; and that therefore
the representative Of this Stale, in the
Siate Of North Carolina, be instructed 10
refuse his concurrence 10 the above pro.
position Of the private stockholders. to
surrender The character Of said Bank, and
that he be instructed not TO proSnse any
measures, in the present state Of affairs,
for closing the business Of said Bank and
dividing the capital stock among The pro
prieiors thereof. ~ss..
An interesting debate ensucd on this
motion; Messrs. Barringer, Caldwell, Of
lredell, Ashe, Baxter. Francis, and Leach
advocating the substitute; and Messrs.
Biggs, Jackson. Bragg, and CardwelI, the
original resolution.
The debate was continued until half
past two o'clock, when. on motion Mr..
MeRae, the House adjourned until 4 o.
clock. 4@~a~ ~
EVENING SEssioS.
The house met al o'clock, and pro-
ceeded in the discussion.
Mr.. McRae took the iioor and address
the House for some time with great
warmth ia opposition 10 the Bank, but
before he had concluded. was compelled
10 take his seat from indisposilion.
The debate vas Continued by Messrs.
Lord, Ashe, Nash, and Francis, in favor
OF the substitute, and Mr.. Jones Of Or
ange. in favor Of the original resolution;
but before the question was taken, al
about I O'Clock, the House adjourned.
The annual Treasury Rfport.-The
Annual Report OF the Secretary Of the
ftessury was received in Congress yes
lerdsy. from which We have with gres,
haste skinned the following particulars. |
The Receipts inio the Treasury, during
The three first quarters ufr Tie presen, year, /
With The estimated receipts for tile fourth
quarter, from every source, hucludlng /
loan, aud Treasury NOTES amount 10 /
thirty -four millions i've hundred and Two /
thousand dollars. besides The balance of |
two hundred and thirty thousand doliars |
in the Treasury on The first Of January |
lssi.
The Expenditures for The three first |
quarters oil the year, with the e.titnaled
expenditure for the remsiuing quarter, !
amount Including 81 $50. 400 for redemp. |
ton OF Treasury n"'es 10 thirty -luur |
millions five bundled aau three thousand |
dollars.
The Receipts for the half yecr ending
Isl July next are estimated (includtng |
Treasury notes and loan TO amount of |
s5.53s. 00o) al sl4 5sS.ll3; and the ex |
pfndisures for the same period (,ncladlng
interest on deb. aud Irpasur, no,cs 10 |
amount OF s6O5,Ou0) at sl0.3sI,ls6. |
The es'l'na es Of Receipts and Expen-
i''ures for The fiscal year ending the 3ob
June. lS44. (onder tt,e new arrangement
iieeied BY the act Ut the last session,
Ire estimated, the Receip,s,,from customs
md public lands land SI50.O00 from
miscellaneous sources) al $ls.s50. 900, |
md he Expenditures (including interest
ND Treasury netes) a, S20,9i5 4Ss.
The balance rem aiming IN the Treasury
= r.