Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1858-12-18

@"n branch OF the BANK VI Oape rear. .
some s.osle would put all banks upon an equality,
Mr. s' seaard to whether they had branches or
without IT.. smendment might not meet all the diff
pO i ,t # was preferable to that of the commit
atty ", p Steele continued and read from the state
re w. " .bn Bank of Cape Fear to show the inc
nent Oh IF the issues in its branches
qualities u with that at Asheville with view
that at tI,t the issues increased in proportion to
pshO~ "..ossibtv of the branches. He regarded
The HAL .;th branches as nuisance. Local banks
barSs wa. Wv, ,s usciul to the community, and trans
we're T !"r business as well as their larger banks.
attcn PIc,lsoe now thought the question had as
MI. .',o character OF warfare between the friends
,liiSa ,' hanks and State banks. He maintained
d H5 ,a .nendment of Mr. Steele gave local banks
tsii u. -, of refusing to redeem their notes.
tie P,nk of Cape Fear had restriction no other
Inc h n.I Her notes represented specie which
'aTh H., had ut her counters on demand, and she
c'i" u" ;lt 10 demand that the notes of all other
1a" u. .jo,,ld be met in like manner.
Rim c.ple said no other bank was In the same po-
Al ti,e Bank of Cape Fear The same restric-
.'r' were imposed on the State Bank, but she had
a.r .>e The charter: III,
NJ ,,a;,,re had repealed those restrictions by
d, ~ ,.ost unanimous vote, and had given to the
al "' ns,, charter without one of them.
~, Turner thought they ought to egislate to put
~ ,i,nl uuo,, the same footing and without re-
T't;' 10 branches. If banks chose to establish
-a.ars let them take care of them.
f, nm IN, concurred with Mr.. Bledsoes view of
-. St.cI,'- amendment. 1t was clearly impossible
''i Tank or any of its branches to redeem the
.'. Of others. Ii the Senate regarded branches
I,..s thcv could say so by their votes; but if
= .,,, ther should not allow them to suffer.
IVA H. rarl, thought the branches in no great dan
49, ,hrv had specie enough to protect them.
: H. pnnl opposed the bill at some length. He
.,rr,d in Mr.. Stccle's amendment. If local
M wore run on they had right to defend them
.;yr> rs hest they could.
Il. Cherry would reserve his defence OF banks
r;S lsanchvs till the proper time.
The amendment OF sir. Steele was adopted.
,Ir Pool offered al addition to Mr. Steele'S amend
,,,nt = follows: - In case they have the same on
;,r~I =. the time such demand is made" Adopted.
mr. Brown proposed to amend the bill by striking
~ II in. second section so" and inserting "S1n."
r>,ye to the Legislature, the right of prohibiting
,l;pr the ISSUE OF notes below that dcnomi nation.
nr Steele opposed the amendment, which Was
,;.tcl
Mr. Donnell moved to strike ont the section au-
.;n~zllg directors to act as proxies. Rejected.
r;. amendments OF the committee were then
a5pteL
i1s.e question now REQUIRED on the passage of the
+ III d, amended
Hr Brown, in consideration of the bill giving au-
sqv to issue - bills called for the ayes and noes
The Senate then voted aye IS, >, as follows: :
Bou. Carmichael Cherry, Cowpcr, Davis, Dillard
ia1ron, Douth;tt E'iney, Flanner, Gorrell, Guy
laq. Houston Lane. Landlord Leach, Martin, Nc
IRral! Mcdowell, Miller Mills Pool, Ramsay,
Re alar,!t, Spcight, Steele Straughn Taylor, Thorn
: Turner, Walkup, Ward, Whitaker, Williams
anil Worth-5S.
.lpin,t the hW-MeSsrs Brown, Cunningham,
le7i,>on Donncll and Pitchford-5.
.Ir Ho;lson moved to suspend the rules to put
tlc I'LL Oh It's third reading.
Mr. Donnell objected.
On motion Of Mr.. Thomas, the Senate adjourned
| til 70 o'clock tomorrow.
HOUSE OF COMMONS.
The House was called to order few minutes be-
fore 10 o'clock.
,Ir. Fleming, from the citizens of Salisbury in ia
vi Of extending banking facilities in that town.
Mr. Speer, from certain ctizens of Surry county
rr!tive TO the opening the 1adhin river.
Nr Fagg FROM certain citizens of Madison county
asking to be attached to Yancy county.
Reports were received from several standing com
Hjtee>
Ut. Love from committee on Internal Improve
natS, reported f,vorably the bill for survey Of
Railroad from the French Broad river west in the
Erection Of the Chattanooga line
gESGiCTiONS-FIRST READING.
Ir NvCotler, in favor of J. II. Forbes and others
iii. Cox of Pitt, in favor of Calvin Evans, of Pit
| o2nty
lIr BrySon, in favor of E. D. Davis, of jackson
eN.ty
H. Hill, of Stokes. that the committee on corpo
1n fb1x-,
ssaced, to inquire into the condition of the Farm
ds Bank OF Elizabeth City, and report whether il
5Aer opinion, that bank has violated its charter
and 50, what acton this Legislature ought to pur
Sic IN order to compel the directors and stockhold
eFs to surrender their charter
NEW BILLS
The following bills were read the first time ant
referred:
ir. FoTow to charter Lake Landing Navigation
Company
Mr. !" alacc to facilitate the collection Of debts.
III. NeareS, concerning pilots
I'll: Clai'p, to incorporate the town of High Point
'isi!orl county
Nr Ward, to authorize the consolidation of Ger
sa Railroad companies
MI harrington to amend an act concerning tn
Agf1or Court Of Harnett county,
NJ toy, to establish the fees of Clerks and Mas
ta> i'll Equity.
NJ: Reeves obtained leave to withdraw the memo
M relative to the opening of Yadllin river, to pres
Fa them 10 the Senate
II inc following bills passed their second reading
= i4e TIL to amend the act incorporating the tow
leho'r IN Caldwell county. 1t regulates tn
-tl'lAg Of liquor licenses
NJ Du!a spoke in favor of the bill, and the nj
SAY Of its being passed for the benefit of tn
@1le.nleS in the town.
Inc bill to prevent the telling of timber in certai
,gIs IN Rowan county
+, Inc Dill to incorporate the Educational Associ'
~ ipe 'lil concerning Common Schools. 1t make
IS'ts regulations relative to the amount of take
'eelcEt &c. '~
f. Inc Senate bill to provide for running dividin
-'T " 'etWeen North Carolina and Virginia.
College p''"'' 'n'
r r'e Dill to incorporate Catawba College.
~; Inc Senate bill to authorize the Governor to flu
III IT., arms to franklin School, Duplin county.
MIL iDe Senate bill to authorize the Governor to flu
IT,, arms n to the military schools of the State.