Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1855-06-23
coMMUN1CATIoNs.


ponents that the people have some little Tignt 10
know something of the principles OF those who "''-
xeLshty aspire to represent them IL is cqnay ui'-
deniable that proper administration oil the IMAM
ces of the government is Important
The Know Nothing order in this District, whose
candidate is Mr. Shepard, distinguished for his m
PRODUCTION in the Senate of the State, the Dill tor
the relief of the people, have as yet never conoes-
cended to inform the public of the policy they de
sign to pursue in the administration OF national az
fairs They may exclude foreigners ana Cathohcs
from our Shores yet other principles are necessary
to carry the government, ana these prihclpies'
we presume they have Ssc0rn to keep secret
The introduction of this celebrated bill was the
only pubic legislative act of any note which is
recorded of Mr.. Shepard's career in the Senate;
It was then, and is now, his pet " scheme.
Isay nOsc as he has never changed his opinion
uno1 its merits so far as I am, upon enquiry,
informed OF course, if his opinions in regard to
other things, comparatively unlnportant nave Deeh
adoptcd by the Know Nothings they have also adop-
ted as sound pluaGiin their platform his opinions
in regard to the finances which every one must adj
NIT is important 1t is then the only measure re-
latug to the finances which they have either direct
" or indirectly SUPPORTED before the people And
that the people may have an opportunity ofJudginS
Of it's merits present it to them without comment
or observation, to-wit
Il bill for the relief Of the People
Be 1T enacted by the General assembly Of TIE State
of North CtroIi1d and 1t as Aere6y enGcte@ 0y 1He
authority IF tile same, That the Governor, treas
one Million of dollars upon the faith and credit oil
the State in bills of from $40 to 500, bearing an
interest of 81 per cent? to be divided among all the
Counties according their federal population, and
loaned out to individuals at per cent. upon pledge
of real estate or undoubtcd personal security to
double the amount that any one individual may Dor
row, and receivable every twelve months upon the
payment of onetfth of the principal and interest;
and as fast as the money arising from this source
shall be paid into the hands of the Treasurer who
is hereby authorized to receive it. it shall be applied
as stalking find from year to year until the whole
amounted one million and interest shall be fully
paid off.
SEC g Be it further enacted, That the bills here
by authorized to be issued shall be signed by the
Governor, Treasurer and Comptroller; and that the
expenses of the scheme to be paid by them With
the difference of interest between that which the
sbear and that which the borrower pays, to-wit:
81 per cent
SEC. 8. BE it, further enacted, That these bills
shall be receivable in payment of public taxes and
bank dividends.
Sec 4. Be it FURTHER enacted, That three persons
to be STYLED Commissioners Of loans shall be appoin-
ted by the, Governor and Council for each County;
that the commissioners shall reside in their respective
counties and give bond for the faithful performance
of their duty, and shall be allowed such compensa-
ton as the Governor and Council may deem proper:
Procided, That the expenses of the whole scheme
shall exceed altogether the provisions mentioned
in the second section OF this bill
SEC. 5. Be at further enacted, That all laws and
clauses of laws which inconsistent with tns act,
are hereby repealed.
The bill came up on Friday 10th December, 1919,
the Senate being in committee of the whole, with
Mr.. VIM. P Williams in the Chair, when Mr.. Shep-
ard moved to amend the same by striking out in the
third section all after the words Be it further
acted, and inserting the following therefor:
"That the payment of onc-tifth of the principal
and interest the end of every year. provided for
in the first section Of this BILL shall be strictly en-
forced by the Governor; and should the not be
punctualy paid, the Governor shall Immediately in
sttue suit for the same, and after the collection or
payment of the same, he and his Council shall I'M
vest the one-ifth of the principal and interest ii
is gradually paid collected at the end of each sue
ceedng year in Bank other stock, until the end
the fifth year, when and not before the notes herej
by authorized to be issued shall be redeemed, an6!
thu fund mentioned in this section is hereby pledged
for the redemption of the But no person orr
persons shaIt6 compelled to receige these TREASURY
notes az payment Of any debt Aebts unlesS he, sid
they mag respectively choose to do shat
any person circulate, or attempt to circulate til
same as money and the loan offices authorized i
this act shall be opened or before the first day
alter forge counterfeit the bills hereby authorize
ed to be issued, orattempt to do so, shall be pun
ished with fine and imprisonment, at the dscretio
of the Court. And these bills hereby authorized =!
be issued shall not be TeceiCa6le IN the payment
public tazes bank dioidends, any other debt du
the State: Ind 1T Is hereby further Ero0ided, This
no one person shall borrow of these Treasury note
more than five-hundred dollars in amount; and tn
Governor ana council are nereDy MADE q DOQy COZ
porate to issue these Treasury notes. and they sha
sue and be sued, and in all other respects whateve
shall possess use and enjoy, the powers and priv
eyes of Incorporated bodies of this State"
The bill came up again on the 2Sth of Decembe
and was further amended by Mr.. Cooper, when NJ,
Edwards, Of Warren, moved that the bill be indet
nitely postponed. Mr. Shepard this motion, d.
nanded the yeas and nays which were, in the a
frmative 70 in the negative 5, to-wit: Messrs
Cooper, Exum, Shepard, Simson, and Thomas
Davidson.
have italicised those portions of this we'll dige.
ted amendment to which desire to direct specie
attention.
Until itswas' adopted by the dark lantern f
led it was resting in that place where tortQ-tooo OF
IF the forty Senators then present had quie
y consigned it. CREDIT.
For the Standard.
COL. PAINE AT NORTHAMPTON COURT.
MEssRs. EDTToKs:-Monday last (being our Cou
y Court) Col. Robt. T. Paine, the American car,
lidate for Congress in the 9th Congressional Dis
riot, addressed the people of northampton County
The Court House was densely crowded, and an ana
ous desire seemed universally to have prevailed T.
ook upon out and out, unmstakable live Kno-
Nothing" Col. Paine spoke for about an hour an
IN half in very dry, monotonous, but yetin fo,i
ible and argumentative manner. His whole speec
vas devoted to the discussion of the Roman Cathol
eligon, and foreign emigration. Spoke at large VI
IN the subject of foreign influence, and the gree
necessity of "Americans ruling America" 1t woul |
De too burdensome to enter into the points made
Col. Paine, for you have doubtless heard KNOB |
Nothing speech, and you well know they are abo,
The same. As the Colonel concluded his remark.
there was unanimous, and almost simultaneo.