Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-02-04
THE NORTH CAROLINA STANDARD: WEDNESDAY, 1857

or navigation, reported that in their opinion, if the
present Assembly should adjourn without making
further appropriated for it's completion that the
whole work viii languish, and goodwin and the in
tefests of the State suffer. Committee recommend
cd further appropriation of 100000.
Senate then took recess till o'clock.
EVENING SESSION.
bill concerning pilots, at Ocracoke inlet, read
three times, and passed.
Bill to incorporate the trustees of Columbus Nor
NAL school, read third time and passed.
Bill to open Yadkin river for the free passage of
fish, read second time, and on motion of Mr.. j. w.
Thomas, laid on the table
Bill to lay off new road from Childsvillc to some
point in Yancy county, read third t'me and passed
Bill to incorporate a railroad from some point on
the N. G. road to Lenoir in Caldwell county, passed
its third reading.
Mr.. A. j. Jones moved to reconsider the vote by
which the Cape Fear and Deep River navigation bill
was defeated; and the substitute of the committee
read, which places the control of the work in the
hands of the board of internal improvements; State
subscribes 100000; provides, also, for the pay
mcnt of the debts of the company the treasurer to
issue coupon bonds for that purpose Governor to
ascertain if individual stock be bought by the
State, and report to next Legislature; State sub
scrption to be preferred stock This substitute was
adopted, and the question then recurring the pas
sage of the bill as amended, it rcsulted-yeas 1S,
nays Is.
On motion of Mr.. Cameron. the Governors mes
sage snd the report of the committee thereon, were
ordered to be printed
The bill to charter the Rockingham coalfcld rail-
road was again put upon its second reading, having
been reconsidcrcd on yesterday, and the voting re-
sulted-yeas IL, nays Is.
The claim of B. F. Stamm:re being an engrossed
resolution from the House, was read second time,
HOUSE OF COMMONS.
Mr.. Humphrey introduced bill concerning the
distribution Of the public laws giving copies the
clerks of the two Houses. Read second and third
times and passed
The Abemarle and Chesapeake canal bill was ia
ken up on reconsideration.
Mr.. Davidson offered an amendment allowing an
exchange of bonds with the State Rejcctcd-ycas
%, nays y.
The bill then passed its second reading 81,
nays 43.
The rules being suspended, the bill passed its
third reading-ycas S. nays 40.
On motion Of Mr.. Gillian, the vote defeating the
bill for the relief Of the N. c. railroad was taken up
for reconsideration.
Mr.. Lewis of Wake, made some remarks in favor
Of the bill
Mr.. Rushing considered the company had too
the bill.
Mr.. Cansler moved to lay the motion on the ia
ble-yeas 81, nays II.
The motion to reconsider was agreed to-
The Senate bill to establish standard weight for
the bushel of grain, after some remarks from Mr..
Davidson, passed its second and third readings.
The bill for the relief of the n. G.. railroad was
read
Mr.. Outlaw condemned the conduct Of the COM
pany in building workshops, houses for officers, &c.
and thus bringing themselves into these difficulties
He would vote for the bill but it the last time
he would sanction such measure.
Mr.. jenkins spoke in favor of giving the aid ask
ed for. He stated the expenditures alluded to were
incurred under former administrations and strong
ly urged the House to give the relief proposed by
the BILL and prevent the destruction of the States
interest in the n. C. road
Nj. Brdgers had voted against the measure be.
fore; but consideration he was Of opinion this
bill was the most advantageous way of getting out
of the difficulty. He asked those who opposed the
bill to bring forward better measure. 1t had been
repeatedly defeated. Nov let its opponents suggest
some other plan to relieve the company.
Mr.. Long was opposed to the bill. He thought it
much better to sell State bonds and pay the debit
and then let the revenue of the road repay the
Treasury. He was opposed to borrowing money at
s per cent, and he objected to the principles en-
braced in the bill, and would not consent that dvi
dends should be paid until the work was free of
debt Under no circumstances would he ever agree
to pay per cent
Mr.. Caldwell expressed his sympathy for the
President Of the road, and would vote reluctantly
for it.
Mr.. Montgomery offered an amendment propos-
ing to exchange the State bonds at per cent. for
the companys bonds at per cent.
Mr.. Leach OF Davidson, spoke against the bill and
in favor of the amendment.
Mr.. Montgomery said the amendments referred to
by the gentlemen from Guilford and Davidson were
not now before the House but had been offered by
him at another stage of the BILL under the impress
sion that Safe bonds could be sold at par but he
then had in his hands letter from the President of
the company, saying they could not be sold at this
time for more than ninetythree dollars share.
That if something not done by this Genera!
Assembly for its relief the company in which the
State owned three-fourths of the stock, would be
left in a most deplorabe condition.
Although this debt existed, most Of which was
due for construction, Mr.. Fisher was not RESPONSE
BILE for it. Yet he had been found cxertng his hest
efforts to preserve the faith and credit of the State
He had been compelled to borrow large sums of
money the ruinous rate of interest of twelve per
cent, and had few days ago borrowed twenty
thousand dollars a. thirty DAYS. on his own indvid-
uai responsibility, and pledged his honor for its
prompt payment at notwithstanding upon and be-
lieving the States representatives would not adjourn
without doing something to relieve the company
from its present embarrassed condition.
He had spent MANY slecpless nights in rejecting
upoh the condition of the road had done all in his
individual capacity he could to meet its wants with
out troubling the Legislature. He had brought the
subject to the attention Of the stockholders at their
last annual meeting. and had recently convened and
consulted with the board of directors. who, after
mature reflection and due deberation, conceived
and brought forward plan of relief which was
submitted and passed in the other end of this cap
tol almost without opposition, but defeated in this
House.
TWAS, however reconsdered and referred to a
Joint select committee whn, after due consideration
amended the bill so to provide fora sinking fund
out of the receipts of the road sufficient to meetthe
interest, and pay the principal when due. What.
thon conld ha the objection to missing the bill