Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1858-12-22

The private bill for the county of Franklin, after
few remarks from Mr.. Green, passed. i
A motion to adjourn being adopted by vote of
50 to A.
The House then adjourned.
SENATE.
The Senate met at 10 o'clock-no prayers
A message received from the House transmitting
the reports of sundry corporations with PROPOSE
tion to print. Concurred in, and
On motion of Mr.. Houston the statements of the
several companies were referred to the appropriate
committees recently appointed
REPORTS COMMITTEES
The following bills were reported favorably on:
Mr.. Houston, from the committee on the Judicial
ry, to increase the salaries of judges, with amend
mcnt;
Mr.. Brown, from the committee on banks and |
currency to amend the charter of the Bank of Cape
Fear, recommitted on yesterday
Mr. Humphrey, from the committee corpora |
tons, to incorporate the Lake Landing Canal Com
pany.
Mr. Dillard from the same committee to incorpo- |
rate the Fairfield Canal company.
Mr. Donnell, from the committee on the judiciary,
to amend the 2sth sec. 7th chap Rev. Code
Mr.. Lane, from the committee on propositions and
grievances, in favor of Sol. NJ. Ray, and jackson
Stuart respecting the pilots of Ocracokc and Hat
teras inletS, requesting to be discharged from its
further consideration, which concurred in re-
lative to the public roads in Buncombe Henderson
and Iancey, recommending its paSsageS in favor of
the bill to enlarge the powers of the commissioners
of the town of Tarboro against the passage of the
bill to amend the 7th clause 23rd sec. 34th chapt.
Rev. Code; and against the passage of the bill to
tabish the county of King.
Mr. Carmichael from the committee on the judi
ciary, in favor of the passage of the bill ceding ju-
risdction to the T. S. in the purchase of tract of
land in Raleigh.
Mr. Lankford, from the same committee, in favor
of the bill to alter the time for holding County
Courts in Jones county.
Mr.. Gorrell from the same, against the passage
of the bill to amend the 3Oth Sec 10th chap, Rev
Code
! Mr.. Davidson, from the committee on claims in
| favor of the resolutions for the relief of j. A. Vim
son, H. Strader, and Donald Frazer.
Mr.. Steele offered resolution instructng the
committee finance to enquire into the expediency
of repeating the tax collateral descents. Rejected
| BILLS. No.
Mr.. Humphrey introduced bill to extend the
| powers of the New River Navigation Company.
Referred to the committee on internal improve
ments
Mr. Flanner, bill to extend the corporate limits
| of the town of Newborn Corporations.
Mr. Ashe. bill concerning the Wilmington and
Weldon Railroad Company. Internal improvements.
Mr.. BledSoe moved that the report of the Board
of internal improvements be referred to the commit
tee on internal improvements Adopted.
| ENGROsSED BILLS.
Received message from the House transmitting
a number of cngrossed bills which were read the
first time and passed, and which will be noticed
the second reading
Mr.. Edney moved to take up the bill to amend
the charter of the Western n. c. r. r. Co. Con-
Cured in He now offered substitute amend
ment, and moved that it be printed and, with the
bill, re-committed to the committee internal i'm
provements. Also concurred in.
Mr.. Thomas moved to re-commit the bill to incor-
porate the n. c. Central Atlantic and Pacific Rail-
road Company. Concurred in.
BILLS ON THEIR SECOND READING
The bill to enlarge the powers OF married women
in certain cases was put upon its second reading
Mr. Houston moved that it be made the special
order for Tuesday next at II o'clock Adopted.
BANK FEAR.
On motion of Mr.. Brown, the consideration of the
bill to amend the charter of the Bank of Cape Fear
was resumed on its second reading The question
was on the adoption of the amendments of the com.
mittec, which will have been gathered from the dis
cussen on this question yesterday.
Mr.. Steele proposed to amend the substitute by
retaining the 7th section it stands in the charter
and adding to it as follows: "And the corporation
or person upon whom the demand is made shall first
use the notes of the bank making the same"
Mr.. Mcdonald was in favor of the 18th section in
the charter
Mr.. Brown thought the amendment of Mr.. Steele
would obvate the difficulty complained of by the
bank resulting from the 18th section. He thought
it fair possible-that it would protect the small
banks well as the large ones and at the same time
protect Individuals He would support the amend
ment.
. Mr.. BleQSOe would ADMIT the amenQmenC TO D'
good as far as it went but it did not the whole
ground. He illustrated the hardship it failed tt
= remedy in this way: Suppose the Bank of Cap'
Fear had $4,000 of the notes of the Bank of Yam
r ceyvic. They presented for payment. Th
Yanceyvle Bank has $5 0U0 of the notes of tn
Ban. of Cape Fear, which the amendment of Mr.
Steele says she must first in settling the de
II mand. The Cape Fear Bank receives them, ant
then demands the other So, 900 in specie. But in
stead of paying specie for these notes. pledge 70
g which is on the face of every of them, tn
u Bank of Yanceyvie pays down 200 of the note
of some branch of the Bank of Cape Fear.
Mr.. Steele would put all banks upon equality
without regard to whether they had branches o
not His amendment might not meet all the diff
t Guilty. but it preferable to that of the commit
S tee Mr. Steele continued and read from the state
ment of the Bank of Cape Fear to show the inc
5. qualities of the issues in its branches-contrastin
that at Raleigh with that at Ashcville, with vie,
e to show that the issues increased in proportion
the inaccessibility of the branches. He regarde
J. banks with branches nuisance. Local bank
/ were quite as useful to the community, and trans
acted their business as well as their larger banks.
ID Mr.. Bledsoe thought the question had as
sumed the character of warfare between the friend
ID of local banks and State banks. He maintaine
that the amendment of Mr.. Steele gave local bank
ID the privilege of refusing to redeem their notes
te The Bank of Cape Fear had restriction no othe
% bank had Her notes represented specie whic
IN could be had at her counters ON demand, and sh
re had right to demand that the notes of all othe
banks should be met in like manner.
" Mr. Steele said no other bank in the same p,
! sitioa - the Bank Of Cape Fsass The Raas reskt