The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1856-06-25

try to show thu. BY the infusion OF foreigners the most
serious results might be apprehcndcd to our republican
institutions. No vote taken upon the bill, and
the Senate adjourned to Thursday.
Wednesday, June le.
The House. after brief session, adjourned without
,ransacting any business, there being evidently
quorum present. Mr.. Campbell, of Ohio, gave notice
that he would Monday next call up the report ofthe
committee Of investigation the Of assault upon
Mr.. sumner
Thursday, June 10.
In the Senate, Mr.. Clayton made personal expa-
nation, stating that he had been misrepresened by
Lord Clarendon In his remarks in the British House
Of Lords respecting Central American Affairs
Mr., Cass made similar remarks to these Of Mr. Clay
ton. He sustained the American Interpretation Of the
Clayton Bulwer Treaty.
Mr.. Toombs disagreed with Mr.. Clayton, and was
in favor of the arbitration Of the Central mercan ques
ton.
The Senate adjourned 20 Monday.
In the House, there was no quorum for business,
and Mr. Lndley. Of Mssouria, awaited himself Of the
occasion 10 define his own position and that Of the
Bentonan Democracy who had supported him. He
had been elected BY Wings and sound Democrats, and
therefore repealed the idea that his supporters
Black Republicans according to Of the political
designations Of the times. He war not able to say
much for the other wing OF the Democracy Of his
State but defended the nationality Of the American"
party
Friday, June 20.
The House was occupied in the consideration Of pr-
waite bills.
Saturday, June 81.
Senate no, in session. Proceedings in the House de-
void Of interest
SUPREME corRT. We understand that the
case Of the State against the Bank Of Fay
elteyile for issuing one and two dollar notes
was argued on Tuesday last before this body
By Messrs. Badger and Sheperd for the de-
fence, ami BY the Attorney General, aud
that the argument WIS one Of very dlstin.
guishrd ability and interest. The history
Of this case is as follows: In January. 1897,
the Legislature rc-enacted, to take effect in
] 1883, law 81 1855, making II unlawful to
pass, circulate or receive IN payment within
this State any Bank Bill not authorized by
this State, under the sum OF five dollars.
! The terms Of the act seem plain enough. but
a question has arisen whether the purpose be
less TO inaugurate policy with regard 10
the currency, than simply to exclude bills OF
\ nther States. u that denomination mot pro-
hibting the same thing being done bs our
own Banks While il is conceded that the
language Of the law will support either. and.
If course, therefore, the harsher cunstruc-
=. =. L..
4 the latter, when IL Is remembered that II was
against foreign bills only that the act was
intended TO be levied. and the law is also
capable. without sinlence, Of bearing a cor.
responding construction. which would En-
clude the other. The Bank of Fayetteville
was Chaitet IN 1913, and the act for that pur-
po.e omitted eiass mhieh 10 contained IN all
The other Bank charters. prohibiting This is
sue. Acting under advice. they commenced
and have continued 10 this day the circulation
Of the one and tao dollar notes. In 1850.
I The Legislature, to end the controversy, of.
fer,i them the right TO issue three dullar
notes, provided they gave up The smaller ia
sues. This offer was declined. THIS year
Y 1850 the Statutes we're revised. aud u Is
high penal o1ente 10 Issue any bills less
Than three without plain authority.
] The Whole question, Il seems 10 be con-
coded. turns upnn the construction the Court
will plafc upon Tie charter Of THE Banks Of
fasetiesillr. outstanding the laws OF
IS. SO. aud SO. II. by that charter, the right
+ 10 issue these bills was granted. then IL
amounted 10 contract with them. and these
laws do NOT reach the case. THIS. again. will
involve the inquiry, was the pruhibitory clause
omitted by accident or design: II omitted
Inadvertently even. dnes il not amount 10
grant 81 the poweri Upon the ulher hand.
assuming that the purpose Of the original act
was 10 prohibit al these small bills, ought
not the Bank 10 show an eyprtss eEempfion
frum what seems "a be the lair import aud
terms o. the laws Our readers will observe
the clnsrness and nicety u these questions.
They are such a. could we'll provoke the
splendid debate d Tuesday last.
RalngA Reg.aer.
Carton An incident occurred here re.
Gently which shows INV easily an honest man
may lose character ii this unrhariiablc world
81 cur. By an accident arising from his dispo.
sition 70 ublige friend.
A Young man lrOni nne Of The uppct conn.