Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-01-10

Mr. Badham called up his resolution prohibiting
the introduction Of bills after the 18th inst Mir.
Badham thought the time allowed would enable gen.
temen to prepare every bill for presentation to the
House; justice to themselves legislators required
this measure, to put stop to the Introduction of bills
Mr.. Lewis, of Wake, opposed the resolution. 1t
would be much better to put their shoulders to the
wheel, accomplish their business, and then adjourn;
he was opposed to any rule TO- limit members in
their duties. g -
Mr. Badham thought the rule necessary, to expe-
dite business
Mr. Outlaw moved to lay the resolution on the ta-
BILE. Rcected-yeas 40, nays GO.
Mr. Houck moved to strike out "twslve" and in
sert twenty" Rejected @
After some remarks from Messrs. Lewis, of Wake
jenkins and Scott, the resolution was rejected-yeas
A. nays 81
Mr. Badham introduced a resolution. that MEM
bers should not draw their per diem after the a6th
inst-laid on the table.
Mr.. Reeves moved a message be sent to the Sem
ate proposing to enter election for University
trustees at - o'clock. Adopted-yeas 81 nays a.
Mr.. Hall presented memorial from Salisbury, in
favor of the Peoples Bank BILL"
The following bills introduced read the first time
and referred:
Mr.. Holmes, bill to provide for the weighing and
inspection Of cotton and wheat, in the town of Will
mington.
Mr.. Mann, bill to repeal an act regulating seine
Mr.. Jones, bill exempting overseers of roads
frc-" military duty.
MIR. Rushing, bill concerning the militia of Union
county.
Mr. Reeves, bill to improve the roads in Surrv
county.
Mr.. Cox of Perqumans, bill to amend 9th
section, 34th chapter of the Revised Code concern
ing sale of spirtuous liquors to free coored persons
except in certain cases.
Mr.. Mason, bill to incorporate the Garysburg
and Windsor Railroad Company.
The unfinished bnSineSS Of Yesterday happ III
bill to repeal the law against issuing small notes,
Mr.. Ward offered amendment levying a tax
not exceeding 81 dollar per share
Mr.. Rushing said this seemed war between
only to be relieved from the criminal proceedings
enacted against passing small notes. If the policy
OF the State requires their ISSUE they would be sat
isfed but did rot call for it; they only wanted to
be relieved from the present law.
Mr.. Elliott hoped the House would not clog the
bill with these amendments. Mr.. Ward withdrew
his amendment.
Mr.. Mann offered an amendment imposing half of
one per cent. as tax each share Mr.. Mann
said though opposed to the issue Of small notes. he
was in favor of this BILL If the privilege was grant
ed to banks, let them pay for it, by tax upon cap
ital actually employed
Mr. Baxter opposed the amendment 1t would be
much better to withdraw t-lcave the question open
and settle it in one bill. He did not oppose the
principle embraced in the amendment, but wislel
u FESTIVE TIE question:, ana IL IN the general
revenue law, and not ncumber the present ILL.
Mr.. Mann considered the amendment in its right
place. and would not withdraw it. 1t was rejected
yeas sc. nays A.
Mr.. Baxter offered three amendments First that
the amount of small notes issued should rot exceed
10 per cent. on the capital stock Second that ev-
cry bank bill under s., should be redeemable in
gold and silver, at the principal bank, and all its
branches, without regard to any limatio expressed
on the face of the bill Third that the General As
sembly may at any time the privilege here
by granted TO the bank, of issuing notes under g.
MIR. Dridgcrs objected to the amendment, as favor
able to the local banks but unfair to the large banks
as it left them open to attack, at any point and
enabled brokers to make upon them at par.
ticular branch. To guard against this it would re-
qure the branch banks to have a large stock of spe
Gle, which could not he easily done. He considered
the amendment highly objectionable.
Mr.. Elliott opposed it aiso BY combining the re-
demption of notes to the head bank, they we're en-
abled to meet any run made upon them; but, if
compelled to pay at branches, would be always at
the mercy of the carpet bag gent'emen"-and re-
qured large capital at the different branches to
meet the demands for specie. The House ought not
to adopt the amendment.
Mr.. Stubs thought they legislating for the
people at large and not for the benefit of banks. If
the small notes would pass into the hands of brok
ers, it showed the people did not want them. If
they were required by the people, they would be
kept in circulation, and not thrown back OH the
banks in exchange for gold and silver.
Mr.. Rushing moved to strike out FIVE" and in
sert "three dollars"
Mr.. Hill, of Halifax, thought the question about
paying gold and silver was decided on yesterday,
by Mr. Gllliam's amendment.
The Speaker decided it was not.
Mr.. Baxter said the amendment was necessary.
The banks bv issuing notes at one branch, payable
at another, had not acted in good faith. He re-
piled to Mr. Bridgers, whose apprehensions respect
ing run upon the branch banks, he considered inn
aginary. Banks ought not to be allowed to depre-
ciate the currency, business suffered from it. No
broker would be able to collect a sufficient TO
make run a bank; it was merely possible, not
probable, that any such event would take place.
Mr.. Brdgers knew instance of broker MAX
ing run bank, with nearly one-haf of it's cir
culaton. There were associations of brokers who
used these means to bring banks to terms. That
brokers do these things, well known fact; he
had been requested by gentleman connected with
the State Bank to deny that they had ever issued
notes at one branch payable at another. They
always issued where they were redeemable; but it
often happened in the of trade that notes OF
one branch would accumulate at another, and be re-
issued there.
Mr.. d. +. Caldwell could not be charged with par
TALLY, as he had inserted this clause in his bank
bill. He was in favor of small notes, but did not
want the country deluged with them. Banks in |
this State were well taken Of and would suffer
no injury. Their friends were numerous. This /
bill would make it their interest to keep sound
currency, and that the only limit to their pow
He wanted to make small notes payable in spc-
Gle at the nearest BANK The amendment is the one |
the country wanted.
Mr.. Rushing's amendment was rejected. |
MIR. Baxters first amendment was adopted-yeas |
los, nays II. !
nays 81.
The third was adopted without a division.
MIR. Baxter offered another amendment He said |