Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1858-12-04

ke prSspectiye sc ths tsfe ana tbe nsrt;c.
ular locality to be affected BY the contemplated work
He alluded to the o, s. commission and expressed
his belief in favorable report if we would help to
remove the great obstacle to the LOCATION Of the con-
templated national work dificuHy Of access.
The road proposed to be completed was but 40
miles long L miles were built and in running
der, and additional miles were graded Before the
individual stockholders had asked for any relief thew
had subscribed the full sum Of $40 OOO The bonds
| of private companies, all knew could not command
high rates, whereas the bonds of the State could
The company therefore proposed merely an exchange
OF bonds with the State to an amount of 5000 900.
| And Mr.. G. proceeded to state the terms on which
the exchange was asked, and the safeguards thrown
| around the States Understanding that the en-
tire works were to be mortgaged and secured by
lien to the State, giving her power the first fail
ure Of the company to meet the interest the prn-
cipal, to seize upon and dispose of the works
| Mr.. Gilmore again returned to the mineral wealth
of the Deep river to show that the mines were near
er the ocean than any others the Atlantic slope
He showed, also, that the article of coal alone could
furnish freight sufficient for all the railroads in the
State for years to come. He then proceeded to re-
mark in general upon the Importance attached to
these coalfeds by all parties who have had to
slider the matter The importance of their develop
ment had been urged in the messages Of all our gov
ernors of late years the subject had been canvassed
and urged by public men without number, as the
chief point in the development of the State. The
Legislature had seen the importance of it. and hence
they had expended $4,000 in the geological survey
| of the State.
He next touched upon the peculiarities of the
sources of revenue to the coalfelds road Unlike
all Others which had as it were to beget trade of
freight and passengers this road had it's freight now
waiting for the arrival of the There was moth
ing problematical in its trae-the article to be trans
ported there and the markets of the world were
open to receive it. The roads in Pennsylvania,
built at several times the cost of this. were paying
dividends of six per cent. the like traffic. and he
asked why should there be any fear of this not pay
ing?
the revulsons which had marked, periodically, the
history of the world-Mr G. thought there was
wisdom in the forethought that would lead to de-
velopment of our resources of iron and COAL
| He concluded with stirring appeal to the men of
the west of the cast of the north and of the centre
to remember that the men of his section had stood
by them all in their calls for adm their hour of
need They had never refused their support whena
just call had been made upon them, but had uni
formly given their support. They believed they
were serving the best interests of the State and
were right in their course and they returned home
to their constituents and advocated these respective
claims, without hope of immediate benefit-with no
view to Interior gain, they would be affected
by the general prosperity of the State. Now, he
called upon his friends from all sections-and it was
not with his feeble voice, but with the united
voice of Cumberland and Harnett-to give to this
measure a just and honest support. All they asked
was stern justice and the Senate should give them
nothing less He did not make this appeal in the
absence of facts He courted the closest scrutiny as
to the prospective of the road and as to
| the safety with which the State could aid them in
their enterprise He appealed to the Senate, as it
had evinced warm desire to the establishment
of national foundry in the State to show by their
efforts they really DESTROYS of it by helping to
the barriers to tor how could they ask the
government of the United States to attempt such
| work?
Mr. Mcdonald followed in support of the BILL re-
iterating the statements and facts used by Mr. Gil
| more.
Mr.. Dobson SAID his mind had been materially af.
fected by the arguments of Mr.. Gilmore but he
| not prepared to vote upon the question. He would
like to have time for reflection and examination, and
therefore moved that the bill be made the special
der for Tuesday next at II o'clock.
| Mr. Leach also favored the postponement. IF all
were true that was said by Mr.. Gilmore, it would
affect his vote. 1t might be supposed from his dr
Ls} course the other day that he intended to apply
the gotine to all measures of this character when
| brought up. That was not the case, however. He
was for giving all fair hearing and fair chance
Mr.. Cherry favored the postpone,,ent. Though
not prepared to state what his course would be, he
| might say he was favorably disposed towards the
bill. He was an internal improvement man-one of
| the original panel.
Mr. Worth would allow full time to Senators. He
and others who had examined the matter were salts
fled with it. and he thought would lose friends
| by examination
| Mr. Thomas urged the friends of the bill to give
| gentlemen opposed to it time for examination.
! Mr. Gilmore had no earthly objection to the delay
He did not desire to push the bill.
| Mr. Dobsons motion was then agreed to, making
the bill the special order for Tuesday next at II o.
clock.
| Mr. Houston introduced a bill to incorporate the
Buckhorn Iron Company Referred to the commit
tee corporations.
On motion of Mr.. Thomas, the bill relative to the
system of free banking was ordered to be printed.
| SECOND READING. .
The bill to confer banking privileges on the North
Carolina Cenara Atlantic and Pacific Railroad
pany, was now put on its second reading. The COM
mittee finance, to whom the bill had been refer
red reported against its passage.
Mr. Thomas moved its reference to the committee
on internal improvements, that it might be consid-
cred in connection with the railroad bill to which it
was attached.
Mr. Gorrell opposed the reference y
Mr. Thomas claimed the right to have the bill re-
committed, as reason had been assigned for its
rejection by the committee. ''
/ Mr. Bledsoe member of the committee re-
| ferred to- and he would state to the Senator from
jackson that the cause of their not accompanying
the report with that the bill bore them
| on its face. '-.
Mr. Thomas. Will the Senator from Wake give
me one reason now? 1t used to be the practice to
urge that measure applied to the other side of the
Blue Ridge killed itself
| Mr. Bledsoe would not allow the Senator from
Jackson to put him in false position. He (Mr. b.
was there to legislate for the whole people, and
would never allow sectional feelings to actuate him.
| The Senator from jackson might be so influenced
he (Mr. b. was not. When the Senator came to
know him, as he Qdr b. thought he knew himself
he would find him to be North Carolinian in the full
sense of the term He thought the principle of
the bill wrong, but would not oppose its recon-
initial. -.i.tI
Mr. Thomas did not charge the Senator from Wake
with being actuated by sectional feelingsthat Sen