Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1845-01-10
North Carolina Legislature.
IN SENATE.


presented On various subjects of a private ma
tnre, which Were acted upon.
Inc bill more effectually to prevent the i'm
Prisonment of honest debtors, was postponed
until the 4th March-yeas %, nays 81.
Inc bill to exempt from indictment the Pc
tersburg Rail Road Company for having OBJ
structed the navigation of Roanoke river, near
me town OF Weldon, by the erection of bridge
across the said river, was taken up and read
the second time. Mr.. Shepard moved to a.
mend the bll..-Amendment adopted, and the
Dill made the order Of the day for Monday
next.
The bill more effectualIy to secure the debts
due for Cherokee Lands, and to facilitate the
collection OF the same, was taken up, amended,
and rejected, ayes 90, noes %.
On motion of Mr.. Shepard the vote rejecting
the bill more effecruall to prevent the impris-
onment of honest debtors, was reconsidered;
when, on motion of Mr.. Waddell, the bill was
laid on the table.
HOUSE OF COMMONS.
Mr.. Shepard introduced the following pre-
amble and resolution
Whereas the Bank Of the State Of North
Carolina, by the statement of November %,
1914, shows surplus profits on hand to the a.
mount of sl8O,6O9 O3, which, after deducting
the January dividend of $45,OOO, (three per
cent? will have a surplus of $l35,6O8 O3, a.
bout one third of which belongs to the State !;
and whereas it is believed that the keeping of
so large surplus on hand is unnecessary
for either the safety or healthy action Of the
Bank-and no interest being derived from it,
or dividends paid or payable on it. it is kept
there to the great loss of the holders Of stock
in said Institution; for if divided now and put
into
double itself by 1850, (the expiration of the
charter of the Bank, but if kept in Bank ELL
then to be divided among the stockholders, the
same sum will be paid them then that could
be paid them 1l0,U; and whereas it is believed
that dividend or bonus of five per cent.
($75, 900 can be now with safety divided a.
mong the stockholders, which would leave a
surplus of $6O,6O8 O3 on hand to cover con-
tingent or accidental losses-a sum believed
to be more than amply sufficient for that pur-
pose:
Be 1T therefore Resolved, That the Public
Treasurer be and he is hereby instructed at the
meeting of the stockholders of that Bank on
the first of Monday in January next, to advo-
cate and vote for dividend or bonus of five
per cent on the capital of that Bank being
declared and made payable by or before the
second Monday in February next.
On motion of Mr.. Sanders,
Reselved. That the Committee on Finance
be requested to examine the lO2d chapter, en-
titled an Act to provide for the collection and
management of Revenue for this State, and
report the propriety of adding to said Chap
ter, an additional Section, to the following
import:
That all monies, which shall hereafter be
loaned out and kept as stock on interest,
shall be liable to a tax, at the rate of twenty
five cents on every hundred dollars, the same
to be assessed and collected, as taxes or other
property.
The balance of the day was consumed in
considering the bill to foreclose the Mortgage
of the Raleigh and CASTOR Road. Mr.. Ellis
moved to strike out those portions of the bill
authorising the Governor to bid for the Road,
and this motion was negatived-yeas 40, nays
| IA.
IN SENATE.
Saturday, Dec. 90.
Mr.. Dockery, from the Committee on FL
nance. to whom was referred a resolution in
sfructing them to inquire into the expediency
of transferring the Clerk from the Treasury
to the Comptroller's Office, and also of the
propriety of allowing the Treasurer to keep a
cash-book only, and also the propriety of COM
pelling the agent of Cherokee Bonds to make
a duplicate return to the Comptroller's Office.
of all the monies collected from said bonds
reported two bills for that purpose, which were
read the first time and passed.
Mr.. Cameron presented al bill entitled bill
to modify an act concerning slaves and free
persons Of color, passed in 1880, which was
read the first time and passed.
MIR. Thompson, of Wake, presented the fol-
lowinp Resolution, which was read the frs
time and passed, and referred to the Commit
tee on Claims:
Resozued, That the Public Treasurer be di
rected to pay to William Thompson, Of Raj
eigh, the sum of ninety three dollars and fif
ty cents, it being the amount of his claim &C
companying this resolution for repairs to the
! furniture belonging to the Capitol; including
, also the funeral expenses Of the late John L
, Foreman, Senator from Pitt.
Mr.. Reich presented the following Resolu
, ton, which was adopted:
Resolred, That the Committee on Education
, and the Literary Fund be instructed to inquire
into the expediency of amending the Common
School Law so as to authorize the Schoo
Committees to expel from the schools unrul.
scholars, and to give to the citizens of district
o the selection of Teachers.
The bill concerning Peniten:iary was rea'
the third time, amended. and passed, and or
> dered to be engrossed.
The bill to give to Courts of Law and Equl
, ty, Jurisdiction in certain cases, was read tn
third time and rejected.
y On motion of Mr.. Joyner, the bill in favo
f of poor debtors was taken up, read the thlr'
4 time, amended on motion of Messrs. Joyne
5 and Edwards, and passed by 81 yeas to
. NAYS. Said bill was ordered to be engrossed
. The bill more effectually to prevent the I'm
prisonment of honest debtors was taken up
n amended on motion of Mr.. Biggs, passed, an
. ordered to be engrossed.
r MIR. Joyner, of Halifax, from the Commit
q tee on Internal Improvement, TO whom wa
. referred bill to lay off and establish Turn
!. bike Road from Raleigh to the. Buncomb
) n, -,,>;l,o pood and fhonce tn the line Of I'll