The North-Carolina standard., 1845-03-19

Reinhardt, Williams iotHetson s1u u ~ -.
G0m"oWS soa TWbIsgEN PSs Ms Besn. Bedford
e. S. Bell Blalock, Boyden, Britain, Brunlmelf'
J. P. Caldwell Carson, Clegg, Coyington. CfaW, .. !,
ford 'eah D9naP, Erwin, Ga,d' 1O'HLIe Ms,
lhews,s Mills, 5McLaughliqs MckauFas 0Siesby,
Patton, Peden, Pemberlon, Petty. PurYear, LrocteT
Rayner, Robafds, Rush, 3. Thomas, Waddell,
Winston, and dYouns74o=e Democrats JM;Nlessrs'
.Massey, eMcNeil, Nye, Ore Rand. Reid, Stafford,
,Trollinger, and w. p. Wilams--lI. 1i.a ..s.t
i Nays, (Demoerals )--MessI Ans, Ba' ksda!e,
Bas Barnes s19, c,5s ssEeF Ca1JwsH paae
Eaton, c. Erwin, Gwynn, Holland, HolIingswoIrth'
JaTman, r. Jones, Killian, Larkins, j. 7. Miller,
sNFSEday, J. II. Rayner, ROebuck Sims, Stalings
stoeksid, Sullivan, Taylor, Tomlioson, Wal WaikeT
t-e-Messrs. w. A. BIount, Bond, Ellington, Fstson'
-Farrow. Foreman, Gorham GuYtheF, st5ugginS:
Hyman, w. J. r. Miller, p. p. Miller, MGCIese'
G Thomas, Underwood, Wadsworth, and ~
This loan or guarantee by the General Assem-
bly Of 1888, was made upon condition that the
company should execute mortgage upon alilhelr
real and personal estate, and a pledge OF their
profits: and also that The Individual property OF
the stockholders, to the full amount of the shares
respectfully held by them, should be pledged, to
indemnify5the State against loss IN every possible
contingency. These conditions were complied
with in mart only The mortgage and pledge were
rxeeutej: but no record was made of the proceed
ines taken for binding the individual property
of the shareholders This fatal blundcr Was
made known 10 the Legislature OF l94O-and,
strange to tell, used an argument In favor OF
loan of 100000 dollars morel 49,. ....-
The common sense of this transaction seems to
be this: The Legislature Of 1888 entered lnto
contract with a corporation; the State executed
r L. in Elu
lion in part only-erading the mos. important OBJ
legation, that of subrclng their private property
Under this state of things the Legislature OF l84O
assembled This fraud upon the State was de-
tpcted, and the Legislature informed that for 3OO,
OO0 dollars more the defect should be cured and
The State fully indemn:frd, The Whig Assem-,
bly of 1910 confided in these represcntaions-and
the result was the passage of the act Of 164O, by
the following vote. (See Journals OF The Senate,
page 295.) . -. --.. .-..... .-.--
Yeas. (Whigs) )-Messrs. Albright Bond By
mum, Chngman, Dockery. Gather, HELEN, Mel
chor, Mitchell, Morehead, Moore, Montgomery
Parks Ribelin,- Sebv, Shepard, Speed, Spiers.
.SpruiiI, Wadder, and Worth-2l. (Democrats)
Messrs. Edwards, and Hawklns-2
Ndus s(Democrats) )-MeSsrs. Arlington. Cooper.
Elhridge, Hill. HouIder, Kerr, Larkins, Melvin,
McDiarmid Orr Pasteur, Pollock, Reid, Ward.
Whitaker, Whitfield Williams. and Wilson'S.
(Whigs)-Messrs, Faison, and Moye-2.
(Commons, page 7l7) ..------.
Yeas. lWhigs)-Messrs. BarrInger, Boyd en-,
Brannock, Brewer, BrummelI, Bryan, Burns, J.
P. Caldwell, Clegg, J. w. CoVington, J; M. Coy
ington, Doak, Farrow, Fleming franklin, ) H.
Gillian, D. A. Graham, ]. Graham, Grady, Gray,
Guthrie Hil Jefferson, II. C.. Jones, Keener, Men
denhall E. P. MilIer Mills, MurchIzon, McCleese,
McClanehan, Mclaughlin, McLaurin. McMIllan,
Paine. Patton, Proctor Poindexter, Robards, Sher,
l.. Thompson, Whitehurst: J. .. K. Williams.
Morris, F. Wiliams-46. )-Messrs
poFW T..
Rand, Mangum, and Massey.
Ndvs democrats )-Messrs. Baker, Banner
mau, J. Barnes, Boyd Boyden Cardwell, Dickson
Emmett Graves, Herring, J. B. Jones, r. Jones'
Kerr, Killian, l. w. Lane, J. T. Miller, Monday
Monroe, Patterson. Powell, Regan, Reid, Stallings,
F. Taylor TomIinson, l.. Walker, J. Walker and
Zigar-28. |(Whigs }-Messrs. Adams Allen
Foreman, Gee, Guylher, Higgins, Hyman, Jacobs
Joyner, Pope, Russell, Smith, J. P. Taylor, anG
Wads worth-14.
This same whig Assembly endorsed the bonds
of the Wilmington and Raleigh Rail Road fol
5000 dollars, by party vote. (See Journals o.
the Senate page 1867 % voted in the affirmative
-22 Wings, Democrat; 19 in the negative
Is Democrats, Wings Commons, page 549.)
55 voted in the affirmative-5l Wings, Demo
Gratis; 5On the gative-34 Democrats, 16Whigs
Thus Mr. Speaker, have shown, from the
Records, that this Rail Road debt of 10000
dollars is the result of reckless and ihjudiciou:
whig Legislation-a system of Legislation which
has brought upon the public Treasury degree
of embarrassment unparalleled in the financial op
erations of North Carolina. -- -.
1t remains for me TO consider what measure O
relief has been offered by the dominant party
here. It is now near the close of the session, anc
l have neither seen nor heard of but one project
and that comes ostensibly from the Senator from
Haywood having received, however
the solemn sanction of modern aohig caucus
This project does not propose to use the funds o.
the Boards of Literature and Internal Improve
ment; nor to borrow, nor to increase the taxes
either Of these modes of reiief it is fair to presume
were considered too odious. But it does poin
out mode of relief one that is as old as the Py-
amds of Egypt, the resort of the indolent man th'
world overt is, Mr.. Speaker, to beg the money
with which to pay our debts The Senator's pro
iect proposes TO put this General Assembly in tht
humiliating attitude, of beggar-to send thi
sovereign State to the General Government, t.
bow at the footstoo1 thereof, and humbly petition
Congress for small portion Of Treasury pal
with which to resuscitate the exhausted energies
our Treasury. Mr.. Speaker, l hold thesovereign
ty and independence of my native State above al
price No power on earth can extort from m
the sanction of measure which believe to b
fraught with such fearful consequences
Are we, by the passage of this preamble an
resolutions, virtually to admit that North Care
lima is unable to meet her engagements? thG
nlaladministration has not only made bankrur
the Treasury, but the people too and, therefore
,ouet caII IInor1 the Fel1eral Government for aid