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

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would be glad to see every bank limit its notes to
s2O. The Bank of Cape Fear would willingly ac-
luiesee in general law to that effect but it object
ID to being Disseminated against Mr.. Ashe allud-
ID to the disadvantage this bank labored under as
with the Bank of the State in the deposits
made by the public treasurer, who received large
amount of small notes in his settlements with she-
ffs which this bank could not receive (under $5)
because she could not pay them out. He concluded
BY urging the amendment to Directors being made
in the bank would go unrepresented, it being incon
venient for stockholders at distance to attend all
occasions. -- =
Mr. Donnell did not understand that the principal
bank bound to receive notes of its branches
He concurred with Mr.. Steele The bank had suf
fcrcd nothing under the present charter, and he
would vote against the bill.
Mr. Turner said the purpose of the law to
prot ect the little banks which had power to in
jure the big ones. If little one did make run,
TIE big ones had ample means of retalating by ac-
c lmulating its notes, coming down upon it, and it
would be heard of no more. The Cape Fear Bank
was subject to no restrictions not placed upon the
State Bank But the State Bank refused its charter
He admitted the Bank of Cape Fear had acted hctter
and it would have been well if the State Bank had
pursued the same liberal policy If the State Bank
should be rechartered he (lr T.) would insist upon
the same restrictions, and the friends of the Cape
Fear Bank should do so too. In conclusion he said
the 18th section restricted the large banks-they
could keep the little ones in their place.
Mr. Edney desired to understand the question.
Here the Senate became somewhat miXed,' and
it appeared hard matter to get it straight.
Mr. Edney declared that any bank that would not
receive the notes fits branches in payment of debts
should not have charter.
Mr.. Lane thought Senators had got the matter in
a fog and proceeded to clear it up by statement of
the question. Every bank or branch should redeem
its own issues and no other. Was in favor of Drec
tors acting as proxies-had not dollar in bank
stock and never expected to have Would vote for
the bill.
Messrs Edney and Pool took exception to the
port of the committee
Mr.. Edney moved to recommit the bill to enable
the committee to amend their report.
Mr.. Worth saw necessity for that, but moved
to postpone its further consideration.
Mn Brown thought that if the report was not plain
enough it easy matter for Senators to make
it palmer by amendments. He saw no grounds for
criticism-but Mcssrs. Edney and Pool might belong
to those who
"-- have optics keen
To see what is not to be seen."
0anghter.)
Mr.. Edney. 1t is not unusual for gentlemen to
see matter very plainly, and totally fail to make
others see it so. Continued laughter.)
The motion to re-commt the bill prevailed.
Mr. Thomas moved to re-commit his bill to ncor-
porate the North Carolina Central Atlantic and Pa
cifc Railroad Company. 1t being special order
for to-day and the hour having been consumed,
Mr. Martin moved to adjourn Mr.. Thomas de-
manded the ayes and noes Mr.. Martin withdrew
the motion; Mr. Turner renewed it; Mr. Thomas
renewed his demand, but Withdrew it, and the Sen,
ate adjourned at about 2 o'clock.
HOUSE OF COMMONS.
| At haifpast nine o'clock the House was called tc
order.
Mr.. Reeves presented a memorial from nearly
1000 citizens of the county of Surry, asking for the
| opening of the Yadkin river.
| Mr.. Walker presented memorial from certain
citizens for alteration Of the law relative to Sian
| der.
Mr.. Dula presented a memorial relative to TIN
| liquor traffic.
A number of reports were received from standn,
committees, among which were reports adverse t
the establishment of new counties by the name Q
Bragg and Dobbin.
RESOLUTIONS.
Mr.. Tomlinson's resolution that no bill shoul
be printed without the recommendation of the com
mttee to whom it was referred, was lost by vot
of 80 to SO, two-thirls not voting in its favor
Mr. Walker resolution relative to Cherokee
lands
The following new bills were read the first tim
and referred:
Mr. Lewis, to consolidate the offices of Clerk an
Master in Equity with that of Superior Court Clerk
Ordered to be printed by vote of 40 to 49,
Mr.. Dortch, to add fourth Judge to the Superic
Court.
Mr. Speer, to abolish the freehold qualifcato
for jurors.
Mr. Norwood, to incorporate the Hillsboro' Sa'
ings Institute
Mr.. Simonton to amend I'd sec 37th chap. Re-
Code.
Mr.. Foy moved to reconsider the vote rejectn
the bill relative to the fisheries of Onsow count,
and in doing So took occasion to repel charges mac
against the citizens of Onslow county by the men
Der from Carteret, (Ir Lef1ers.) He stated sever
facts to show that the bill needed, and wished
, reconsideration.
Mr. Letters replied, and insisted the correc
ness of his statements made on yesterday. /
l hoped the House would not pass the bill.
} The motion to reconsider rejected.
CONsTABLE's FEES.
The bill increasing the fees of constabes beiI
read,
Mr.. Dortch stated the bill gave per centage
: constables the same as that given to sheritfs.
r object was by increasing the remuneration, to 6
: more respectable men for the office
} Messrs. Kerr, Thompson Smith and Drake su
t ported the bill
: Mcssrs. Fagg, T. R. Caldwell, Byrd and Walls
S opposed it. Rejected-yeas 13, nays 50.
SPECIAL ORDER. .
The bill to prohibit the issue of bank notes of lie
t value than three dollars, rejected by vote
n rs to 81
r JUDGE RuFFINs ACCEPTANCE.
e Message received from the Senate transmitt
: Judge Ruffin's acceptance of the Office of Judge
e the Supreme Court, which being read was
f On motion of Mr.. Caldwell of Guilford, order
D to be spread upon the journals.
> BILLS ON THEIR SECOND READING.
The bill to restore jury trials to the County Coz
of cleveland passed its second reading and the ru
: being suspended, it passed its third reading:
The bill to protect purchasers under judicial sal
r Passed. .e,.
e The bill to prohibit the cutting of timber on
It Tuckahoe and Trent rivers. Passed
It The bill to incorporate the Wilmington Light
fantry passed its second reading and at later Pc
# cd of the day passed its third reading.