Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1859-02-09

Mr.. Ashe was opposed to the amendment, and bo
was also opposed to the - per cent. feature. Tho
proper course, he contended was to make the profits
accruing from banking operations during s,,snan
sion, payable t, the public treasury. No bank ha5
right to suspend, and certainly no right to mako
pfohts during such suspension. Yet he knew as -
TACT, that the largest profits were made by the banL
curing the recent suspension, by selling exchapprS
tor and per cent. He was for postponng.
Messrs. Worth and Walkup opposed the most
ponement. f
Mr.. COwper was for the postponement
Mr.. Brown forcbly urged the adoption of tbo
amendment To place no restriction or forftu ue
on the banks was, he said to give them charter
to do as they might please for twenty years Ia
argued this point at length and cited authorities fr
his views. Unre stricted and without fear of nen,l
ty, the banks could come to the conclusion to srs
pend specie payments during the continuance Of
their charter, and the State had no power or iud;
cial authority to bring them to account for tbs
abuse Of their franchise and without the proposrI
restriction they were left at liberty to send off their
specie to distant points to issue exchanges on and
practice usury. In conclusion he said that if in .s
tabllshng these banks the Legislature was compell
Ell to tolerate what was opposed to right and Justice
why let them go down.
MIR. Bledsoe moved to postpone the further CON-
sideraon and to refer the bill to the committee On
banks and currency.
Mr.. Cowpcr opposed the reference.
The motion on the reference of the bill was re-
ectcd-3S to T.
Mr.. Cowpers amendment was adopted-26 to lG
| Mr.. Edney moved to j'urn. Rejected--3o to 70
MIR. Miller moved to amend by providing that the
bank should not collect or recover fall interest on
its notes, &C. during suspension. Rejected.
! The question then required on inserting the sub
St1f fna, ,lxlo I II
30 too.
On motion of Mr.. Humphrey, the Senate then
| adjourned.
HOUSE OF COMMONS.
| The House met at the usual hour.
| Mr.. Burke presented petition from Richard
Watson and others, of Alexander county, against
proposed road to Wilkesboro'
Mr. Moore Of Martin, presented several reports
from the committee an corporations and currency
| RESOLUTIONS.
Mr. Ferebee authorizing the Governor to purchase
cabinet of minerals from DR.. Andrews of Char
lottc alta sum not exceeding SIS 600 to be taken from
the Literary Fund, read the first time and laid on
! the table
WESTERN n. c. RAILROAD COMPANY
Mr.. Mckay moved to reconsider the vote rejecting
the bill to amend the charter of the Western Rail
road Company He accompanied the motion with
| be amended so as to remove all objections
Mr.. Morehcad spoke in favor of reconsideration
Mr. Ransom thought this was most important
bill and as it had but very short discussion. he
was In favor of reconsidering to give its friends an
opportunity of removing any prejudces against it.
After some remarks from Messrs Bullock Drake,
Baird, Woodfn, Sparrow and Morehead the motion
to reconsider was adoptcd-yeas 70, nays 90
Mr.. L. R. Caldwell wished the bill to pass its Sc
nncnH md la lodi lpd
on its third reading
! Mr.. Fleming offered an amendment, providing that
/ the State shall not be called on to pay more than
| 100000 in year.
| Mr.. Caldwell adopted the amendment.
The question was then put on the passage of the
BILL
Mr.. Fleming urged the House to pass the bill, as
the vote would not be final
After some remarks from Mcssrs. T. R. Caldwell
and Norwood, the latter moved to postpone further
discussion to Monday next at u o'clock, which was
adopted
CHESAPEAKE AND ALBEMARLE CANAL
! On motion of Mr.. Badham, the bill to aid this
company was made the special order for Tuesday
next
BILLS ON THEIR THIRD READING
A bill to more effectuay provide against the es
cape of slaves from this State. Passed.
bill to incorporate the Medical Society of North
Carolina.
Mr.. Caldwell of Guford, opposed the bill on the
ground that it allowed man to repudiate his con-
tract, by calling in physician, and afterwards refu
sing to pay him, none but those licensed by this
society were allowed to recover payment by law.
Mr. LETTERS opposed the bill as wrong in principle
! The motion to indefinitely postpone was rejected
80 to g..
| Mr. Fagg moved to strike out the second section,
which was rejected "a to 81.
A strong opposition was made to the bill by Messrs
| Fagg, Holdsclaw and LETTERS.
| Messrs. Fcrebee Outlaw and Dargan supported
! the bill.
| Mr. Fagg offered a variety of amendments, but
! the House voted them down. and the bill passed its
third reading-ycas IS, nays 30.
A bill to alter the ODD regiment OF militia. Passed.
A bill to elect sheriff of Cabarrus. Indefinitely
postponed.
A bill to incorporate the Long Acre Guards. Pas
sed
A bill to incorporate the town of Webster Passed.
A bill to charter the University Railroad Passed.
! A bill to establish new county by the name of
| Hawassee.
| Mr.. Walker spoke in favor of the bill, and ex-
planned the necessity of having the proposed change
made
Mr. Woodfn also supported the bill as called for
by the people of that section.
| 1t was laid on the table-yeaS 49, nays AZ.
A bill to incorporatethe Old Topsail Steam Navi-
cation Company Passed
bill to incorporate Lenoir Collegiate Institute.
Passed.
number of private resolutions passed their third
reading
At three o'clock the House adjourned to seven
/ o'clock, P. NJ.
NIGHT SESSION.
The House met at seven o'clock