The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1846-07-17

the whole amount OF one Hliitlou aud inter.
est shall be fully paid of.
BE IL further enGcfed, That the Bill,
hereby authorized 10 be issued, shall he
signed BY the Governor, Treasurer and
Comptroller, and ihu, the expenses of tia
scheme are to be paid by them, with Tho
difference of interest between that which
The Bills bear. and that which the borrow.
er paws, to ~it: 3! per cent.
BE il further enaefed, That these Bills
shall be receivable in payment Of pub &c
taxes aud Bank dividends.
Be il further tnaetad, That three Der.
sons, 10 be s;y led Commissioners Of Loan,
shah be appointed By the Governor ami
Council, for each County that these Com.
mlssouers shall reside 10 their respective
Counties, aud give bond for The faithful
performance Of their dliy, and shall Be al.
lowed such compensation as the Govern.
or and Council may deem proper Prori.
ded, Tina, the expenses OF the Whole
scheme, shall not exceed altogether The
provision mentioned IN the second section
Of this Bill.
Be Il further enacted, That all laws and
clauses Of avs, which nre Inconsistent viii
tins Act, are hereby repealed.
Ga Friday, Dc. 10, (seo Journal, PAGE
l2gj the Senate resolved ,iscif into Coa.
mite Of the Whole aud took up The TN.
Tor the relief Of tie people; which wrsr esI
The second time Mr., NApayd mcpel 10
gmend ne bill, by striking DOT 10 he lAul
section, all after he words, be It turtle,
enacted, aud inserting The following there.
I for
/ That the payment of one.6fih Of Tie
pr ncipal and interest, a, the end OF every
year, provided for IN the first sfeion d
/ this bill, shall lie strictly enforced b, he
+ Governor and should the same Do, be
puncluaIly pa'd, he Governor shall an.
mediately institute suit for the same, sBl
after collection OF payment Of Ihn sane,
he and hls Council shal, invest the ooe.fHb
Of the principal and interest, rs i, is grad.
ually PAID OF collected at The end Of eaeh
succeeding year, 10 Bnuk OF oher Stuck,
until the cud Of the fnh year. when and
not before the notes hereby authorized %
be lssucd shall be- redeemed nnd The fund
mentioned nlhis section IS h. fchy plcds-
Cd for the redemption of the sanc B4l
no person shall be compelled TO receive
these Treasury Notes IN he pay wheat q
any dcL, or debts, unless b.. she, " hey,
uay respectively choose 50 10 do nor ,hai
ans person circulate, or attempt 10 cica.
cuaie the same as money and the loan
offices authorized IN this Act shall be open.
ed on or before The FRI, dny Of March
next. And, further my person who .rdI
alter, forge, or counterfeit tie bills hrftay
authorized u be -suei or attempt % b
go, shall b. puat,hcd uilh fine and mafs.
onmcri, Of the discretion 81 the Caur.-
Aud these bills hereby authorized 10 81 81
sued, shall not be receivable 10 the pay.
mcnt Of public taxes OF back dividends u
any other debt due the State. And h d
hereby further provided, ina, 10 one pltul
shall borrow Of these Treasury Notes ma,t
than five hundred dollars 10 umuunt; oai
tile Governor and Council are hctty
made body corporate toissue these 1ta~
my Notes and they shat sue and be 50
and IN All other respects whatever, ,lAa
possess, use ard enJoN ne power, ari
privileges Of Incorporated bodies u na
State.
Nov, we ask lhc reader what be lhiaa
Of tho sancncss af man who introduce, 4
blll TO issue Notes lor rcIicsn. tie distress
. Of the people ,lal were not To bc received
, "a payment Of taxes nor other debts H.
deed, i, sas prohibited lopass them as 700.
ncy Those that borrowed were 10 gss
good secut'y lor tic amount they rrcsv
j ed and after hey q, possession Of .as
: bulls they wcro as useless us 50 lo5,a
brown piper, f,f they we're neither to %
received IN payment Of taxes, bank J1t
bends, nor debts If any hind due ,be Stale,
nor we're they to be passed as moaey.-
This would have afforded bat poor relief
90 the d.sitesscs Of the people. TINS oa:
octot vi. b"afe--r. l.G. ,h,,,r,ll.s cogu,1
! # there was 20 o'hers, TO sAiis., ..,,.. ono
o that has any regard lur his own OF t1o
. States welfare, that be Is not comgc.'o'
q to guide the destiny Of this Stale. II
. tho people reflect on these things bco''
? they give hmm their yptrs