Semi-weekly North-Carolina standard., 1852-12-18
DERATE

I'm the bill to establish q Bank at Charlotte
Mr.. Marshall moved the indefinite postponement o
the bill.
| Mr.. Hill, of Caswe, said he hoped that the bill
would not be postponed but that it would pass. HI
said that no place in the State needing banI
more than the people of Mecklenburg; it was large
tax paying county-the county asked for appropri
atlons, the bank to be established in an import
ant cotton growing section OF the State and while
banking interests of other quarters of State had
been attended TO. must this be neglected Charlotte
was now the terminus of TWO important railroads. and
| a cotton market had been established there, and
mat oank was as muck needed in the town of Char
lotte any in the State, and hoped that the bill
would mol be postponed, but passed it had been
passed In the Senate, and he supposed it could not be
very objectionable it would not have passed tha
oooy with such majority, and TO receive the sanction
OF the Judiciary committee.
Mr.. Black next followed and said he hoped that
the Dill would not be postponed but receive the hear
ty sanction OF this House, did in the other branch
OF the Legislature. He said in the few remarks he
wished to submit he would not trouble the House
win an argument upon the principles held by the
TWO political parties in reference the question of
banking or wait to draw lines of distinction
those parties as held in days that are past,
for II such things were at all applicable they had
been already sufficiently expounded by wiser and
sager heads. He said the reasons why there should
be bank established at Charlotte he understood,
would naturally come under these inquiries: Can
Worth Carolina NTH profit and propriety, increase
her bank stock if so is Charlotte important point
Iho neCessIues OF the place demanding such ins-
tuition If the House was satisfied of these thinos
the only inquiry left is, is the bank well founded is
1t surrounded by the proper CARDS and restraints SO as
TO secure all from danger into whose hands It's notes
may fall!
He said as TO the first suggestion, the Leqslsture
IN Its wisdom had already decided in effect that the
State can increase her bank stock with profit; that
ne learned from the debate upon this floor that our
sister State, South Caroliua, had ten millions
of dollars proftably employs in bank stock Virginia
some nine millions, yet orth Carolina had but about
four miions he thought North Carolina could with
prohI increase her bank STOCK and especially
since our State wasaso rapidly increasing her pro-
1ucts, and those products fast finding market with
N the limits of State he took it for grant.
30, Judging from the action of the Legislature that
ne cnarter would be granted if the Assembly was |
'atshed that Chcrotte and the interest of the sur
oundlDg country demanded snch an institution He
hen insisted that Charlotte was an important point
hat 1t was the most fourishing and business place
n western North Carolina. AS an index Of the pros
oerlty OF his county you would see by reference TO
he Comptrollers Report that Mecklenburg had in
creased her State tax $669 in the last year. and with
he exception of about three counties, if his memory /
eEved him, gave a greater increase than anv COUNTY
n the State. Since the completion of the Railroad
That place cotton market hadbee opened up, and
houghb but short time since, he was informed that
ne streets were crowded with wagons and carts,
md the sidewalks lined with cotton; the sales ofi
which was several hundred bales per day-that cotton
vas hauled in from the surrounding counties and At
his time was hauled in and sold in Charlotte more
Hoi Me Instance from that place to the town of
iheraw. he said that the county of Mecklepburq |,
nd those surrounding were filled with an industri
US ana enerPrslng people, growing not only large
oanutes OF cotton, but of corn, wheat and manv ,
ther articles which would find market in the town
] Chariotte; that two pankroads were now being ,
ohsHuc'eo from that place in the direction of the :
fountains ana Dill lying the Speakers table TO
ons'fuct one from that place TO the town of Cheraw
. O'' and OF course would necessarily be market
u considerable portion of the mountain trade and
men mere was market, trade would be drawn to
'at point and the means necessary to accommodate :
lat rade should be favored by mutual and cores.
onoing loan; that nothing could accommodate the =
anus oi tnat trade so we'll as the establishment of
ell regulated bank that merchants had to borrovv :
oney' ana 10 borrow for the purpose of facilitating +
rade OF this nature. which was not only for tbs h.p
1T OF themselves but for the whole commupi,v shoid
iao upon the most accommodating terms He +,
I'D previous TO this time the large amonnt of nrod
rown In his quarter of the State found ms,I.t in =
outn Carolina and the grower was paid off in South
aroma notes, but now the market was remov cd in
tne Iimlts OF our own Mecklen5urp within our q
orth Carolina, and it was not longer necessarv
at Inc grower should be paid off in South Carolina
'ies' out bank should be established and nav L \
em IN our own notes. But he asked what was the h
CTS OF The case! At this time he was informed bv \
snemen OF responsibility from his village that some
OF nVe oank agencies from South Carolina were r.
taoaisned M In Charlotte, and already some 100000
SOVooO dollars, not of North Carolina but of South
arolina notes, had been expended in the purchase
cot'oh. he said IT was true there was a State H.
'ency established in his town, but it was not sniff t
ent to meet the demands of its trade nor did be ~
INK That the bank funds necessary to accomodate