Semi-weekly North-Carolina standard. [volume] (Raleigh, N.C.) 1852-1853, 1852-11-13
HOUSE OF COMMONS.

WEDNESDAY, NOV. III, 1907.
The Speaker announced that the business before
the House was the unfinished business of yester-
day being the consideration of the bill to amend
the charter of the Raleigh and CASTOR Rail Road,
and the amendments thereto.
On motion of Mr.. Long, of Randolph, the reg
ular business was suspended and the bill from the
Senate to allow Sherfs II days to make returns
of Presidential elections was taken up, and the
rules being suspended, it passed its 2nd and 3rd
readings and was ordered to be enrolled.
Mr.. Saunders, of Wake, offered the following
resolution, which was adopted:
ReSOlred, That the committee on the Judiciary be
Instructed TO enquire whether full returns have been
made by the Sherffs in the election of Electors if
not, what has been the and report what steps
are necessary TO be taken thereon.
Mr. Harris of Cabarrus, from the committee to
which was referred so much of the Governors mes
sage relates to Free Suffrage and constitutional
amendments, made report against the Legislative
mode and in favor of Convention. The report
was ordered to be printed.
The regular business was then taken up, and per-
sonal explanations made by Messrs. Saunders,
of Wake, Caldwell, of Guilford, and Hill, Of
Caswell.
Mr.. Smith, of Halifax, spoke against the amend
ment proposed by Mr.. Hill, of Caswell, giving the
State four directors instead of three. The State
had offered the charter to the stockholders, provid
ing that the State should have only three directors
vision and it would be acting in bad faith to in
crease the number of directors on the part of the
State. He did not believe that the charter would
have been accepted by the stockholders if the State
had provided for four directors on its own part.
. Mr. Hill defended his amendment as right and
just in principle. In all the other roads in which
she had taken stock she was represented according
to the amount of stock; and he could see no rea-
son why she should not be so represented in this
road.
Mr.. Spruill, of BERTHE, thought that the State had
made contract with the private stockholders, Civ
ing them four directors and reserving three for her
self and he was for carrying out the contract to
the very letter.
Mr.. Wilder, of Wake, spoke in favor of the
amendment. Virginians now owned $4,000 of
the stock and could control the affairs of the road
ruling the interests of our State and the private
stockholders Of our State.
Mr.. Turner, of Orange, opposed the amendment
on the ground that it would be violation of the
contract between the State and the stockholders
and breach of the faith of the State.
Mr.. Philips, of Orange, opposed it on the same
grounds.
Mr.. Scales, of Rockingham, advocated the
amendment as necessary to the interests of
the State and as she owned equal portion of
the stock she should have an equal voice in the
management of the affairs.
Mr.. Dobbin, of Cumberland, explained why he
should vote for the amendment. It was only
sought to incorporate into this bill the principle in
eorporated into others for internal improvements
in which the State is interested. Instead of the
faith of the State being violated by it, fidelity to
North Carolina required the amendment
Mr.. Dargan, of Arson, said that partnerships
between sovereigns and individuals were always
dangerous and individuals only entered into them
when satisfied that they had such guarantees as
would protect them from the superior power of the
sovereign. The State had proposed this copart-
them had given them four directors while she re-
tanned bnt three individuals had entered into
the partnership with this guarantee and it would
now be acting in bad faith to them to take it away
Mr. Amis, of Granville, opposed the amendment