Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1859-02-02
(C0ntinued on fret page.)

REQUIRE something definite, ana ne w0uld tnen see II
he could support the bill. He would vote for the
second reading but reserved his right to vote accor
ding to his convictions on the third
Mr.. Mcdonald made few remarks which the re-
porter could not hear.
The motion to postpone was rejccted-31 to IA.
The vote on the second reading of the bill as amen
ded by the substitute of the committee resulted in
its reection-26 to II, as follows
For the 6iM-Messrs. Ashe, Basnight, Cherry,
Edney, Gilmore, Houston, Humphrey, Mcdonald
Mills, Pitchford Pool, Speight, Straughan, Thomas
Ward Whitaker and Worth-17.
Against it-Messrs. Battle, Bledsoe, Blount
Boyd Brown, Cowper Cunningham, Davis, Dob
son, Donnell, Douthitt Flanner Guyther Lane
Iankford, Leach, Martin, Mcdowell, Mckay, Miller,
Ramsay, Reinhardt Taylor, Turner, Walkup and
Wiams-26.
BANK OF THE STATE.
The bill to extend the charter of the Bank of the
State was now taken up on its second reading. The
bill proposes to extend the charter for six years.
Mr. Guyther moved to amend by requiring that
the returns of the condition of the banks shall be
made in the first week in june and November, and
shall be published in two newspapers of the State,
one of which shall be in Raleigh. Adopted
Mr. Guyther offered another amendment Of pro-
hibiting issues of notes less than $5.
Mr. Ashe was opposed to small notes, but he
would place this bank on footing with others.
This the necessary from the location of the
bank, as it received the deposits of taxes paid
to the public treasurer largely in small bills. If
it was prohibited from issuing less than S5 it
could not receive less. This Mr.. A. considered an
unfortunate result Of previous legislation.
Mr.. Guyther supported his amendment He
knew of some of the hardships of borrowers from
banks receiving large in small bills not current
in neighboring States, in which merchants were
subjected to a shave of two and three per cent.
Mr.. Lane went for equality in this matter-noth-
ing more.
Mr.. Edncy followed in support Of small bills,
which he considered great convenience to the peo
pie He argued at considerable length enforcing
his views with much warmth
Mr.. Brown supported the amendment. He in
sisted that if the State intended to prohibit this
small note issue, now was the time to begin If in
diligence was granted to banks session after session.
where was it to end? This cry of equality" would
be used as an argument for all time. Mr.. Brown
pursued the subject with great force and was follow
ed by Mr.. Edney, and rejoined in turn.
The discussion on this amendment continued
up to 9 o'clock.
On motion of Mr. Bledsce the Senate adjourned
HOUSE OF COMMONS.
The House met at the usual hour.
REPORTS FROM STANDING COMMITTEES.
Mr.. Bridgers, from judiciary committee reported
favoraby on the bill to authorize the formation of
Agricultural Companies
Mcssrs. Burke and Chambers from the committee
on claims.
RESOLUTIONS
Several resolutions relative to the hour of meet
ing, and to the bushes before the several commit
tees were read, and laid over for one day.
NEW BILLS.
The following new bills were read the first time
Mr.. Sparrow to incorporate the Washington Gas
light Company.
Mr.. Smith, to amend the Revised Code, Chap.
Goth, entitled Corporations.
Mr.. Ward to regulate the internal improments
of North Carolina.
Mr. Holdsclaw, to lay off and establish two public
roads in Mcdowell and Yancy counties.
SENATE BILL.
An engrossed bill from the Senate to authorISc the
Petersburg and Roanoke Railroad Company to build
road from Garysburg to Weldon, read the first
time.
The revenue bill was then taken up, and all the
sections to the 2Sth passed with but slight verbal
alterations The 2Sth section containing schedule
A. met with some opposition. In the second clause,
Mr. Watson moved to amend by striking out eighty
cents on the poll, and inserting 66S instead.
Mr.. Blount supported the amendment
Mr. Ferebee spoke at length in opposition to the
high rates of taxation, which he contended were
uncalled for.
At the request of Mr. Ferebee, Mr. Watson with
drew his amendment to allow him to introduce a
substitute for the clause
Mr.. Caldwell of Guilford spoke in favor of in
creasing the poll tax to one dollar.
Mr. Ferebee moved to substitute poll tax OF
66s cents instead of eighty cents, and commented
on the fact that the committee on finance had in.
creased the taxes far above the estimate recon.
mended by the Treasurer in his report and the late
Governor in his message to the Legislature. MIR.
F. said he would prefer following the course recon-
mended by the State officials in preference to that
proposed by the committee on finance. He spoke
at some length on this point, and endeavored to
prove that the State officers and committee on fl
nance were in direct opposition to each other.
Mr. Fries replied that in his opening remarks the
gentleman from Comden bad commented on the per
tnacity with which all amendments to this bill were
resisted by the committee of finance, and on the in
disposition of the House to make changes. That
none was more aware of the defects of the present
bill than he to whom had been committed the fram
ing of it. The spirit and the wording Of the old
act had been adhered to as much as possible. That
it might appear arrogance in him to give advice tc
those who would have charge of the revenue bill in
future legislatures but he would express his opinion
he was now on the subject, that the bill shoulo
be divided One bill should set forth the mode o.
valung property, the manner of listing, collecting
and paying over public taxes in short, should con
tain the machinery of raising revenue This re-
qures but little if any alteration from year to year.
and should not be connected with the tax bill pro
per, to be revised every two years. Then in q
separate BILL should be set forth the subjects of tax
alton and the tax assessed each, as in the three
schedules in the present bill. This would be short
and would be more readily understood, when unen
numbered with the machinery of the bill.
To this tax bill might very properly be added ar
appropriation BILL setting forth all the payments
the treasurer shall make in the next two years
This would greatly simplify and systematic our d
nancial department.
As to the difference between the committee o.
finance and the governor and treasurer, that exists
in the imagination of the gentleman from Camden
only and not in reality. When the treasurer says
that it would not be safe to provide for less thar
$4,000 annual increase of receipts, he speaks only
of the amount required by himself to meet the de
mands upon the treasury. In two parts Of his re
port he speaks of the sinking fund.- and alludes t
fhn xl-k ,-ho,, Inn