Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1859-02-19

p S III !. -.ee ..e oo1sps q tne oAp 0ouso
Mr.. Leach followed n the wake of Mesin.... Tu<
ner and Miller ~ ~. a -, , yf.s.Isr,s - /
:. Mr.. Worth supported the amendment II wss
impossible to tell what would be the monetary con-
Snon Of the country; and q no Other P.cysioo bad
been made to meet the liabilities the failure to sell
at par would bring dishonor on the State. That |
was too great risk to run
Mr.. Mcdonald thought the debts could be provid- i
ed for out Of the sums going into the sinking fund
MI. Turner said the treasury was 50 managed q
to allow capitalists TO shave It -
Mr.. Bledsoe asked if Mr.. Turner meant 70 saw the
treasurer SO managed the treasury g. ,,-'a
Mr. Turner said some Of it was brought about BY
the treasurer, but more Of it by the law He did |
not mean to reflect on the treasurer
The Senate then took q recess. q. ...-.s
AFTERNOON SESSION, sr.M iis51
The debate was resumed at o'clock, on Mr.
Bleds0e's amendment
Mr. Cowper supported the amendment The debts
had to be met He considered the treasurer an hon.
orable man, and would vote for the amendment
Mr. Turner followed He suggested to the friends
OF the bill that the States stock in the banks could
be sold in the event of the bonds not bringing par
A Senator suggested that the State had no stock
in banks what was there belonged to the liter~y
fund -'
Mr.. Turner did not care what fund it belonged to
He would sell out the literary fund, or any other
Mr.. Cowper reminded Mr. Turner that our State
bonds were now at but 9Si. He was at loss to
know where the money was to como from If the pro-
posed bonds could not bring par when put into mar
&et though he feared the amendment would have the
effect of injuring credit .-
Mr.. Brown did not concur with Mr.. Cowper in
regard to the effect upon our State credit On the
contrary, he believed it would have the effect Of
raising our credit by showing that were deter
mined to meet our engagements ut whatever sacri-
| fee We had the markets Of the whole country to
look to; and he did not think the bonds would be
sold for less than par because the monetary affairs
| of the country were recovering from the late de-
preston daily. Another reason he had for this be-
lief-thc passage of the bill with the amendment
it would be pledge and guarantee to the world
that the State was not going to suffer her credit to
be impared-that under no circumstance and ut no
bilitics. This of itself was sufficient to keep up
| our credit But suppose the bonds had to be sold
for less than par? Let them be sold-at any sacri-
fce-to save our credit If the treasurer should
not receive the proposed power, and the demands
are made upon him. and he has nothing to meet
them-then would follow depreciation, Reputation.
disgrace. The very idea that he was destitute Of
the means Of meeting the State liabilities would
bring about extreme depreciation. And the very
idea that he had given to him this power would at
once cause the reverse Of what seemed by some to
be dreaded
| Inc amendment was then aoopted py vote OF
25 to 10.
| Mr. Turner offered substitute for the bin, pro-
viding that the bonds should be of various amounts
and be made payable in Raleigh. He discussed this
amendment for about one hour:
Messrs. Steele and Brown briefly replied.
Mr.. Turner followed in another long speech.
The amendment was rcjectcd-ayc; Mcssrs. Bat
tie, Leach, Mcdonald, Miller, Turner and Walkup.
No, 81.
An amendment, offered by Mr.. Cowpcr, that one
fifth of the proposed amount should be in SlOO and
5000 bonds, was adopted-26 to u.
The bill as amended then passed unanimously.
The discussion of this matter consumed tho time
from l to 81 oclock-Messrs. Turner, Leach and
Miller evidently talking against time.
ROCKINGHAM coALrIELDs BILL
This bill was taken up on its second reading.
, Mr. Leach offered an amendment that If hereafter
the company should ask for an appropriation they
, should forfeit their charter.
, Mr.. Boyd had no objection to the amendment as
, it was not intended to ask an appropriation.
- The amendment was, however, rejected almost
! unanimously.
Mr. Ashe offered series of amendments, at the
suggestion Of the friends Of the bill-changng the
, title to Dan River Coalfelds Road, and providing
that the road should commence at some point on
l the Virginia line, near Danville.
Mr. Whitaker offered an amendment that the road
should not come nearer than % miles Of the North
Carolina Railroad instead Of go.
MI. BOYD objected 10 TINS omcnOment. he1eCte0.
, The amendments of Mr. Ashe were then adopted
: Mr.. Ashe explained that he was opposed to the
Danvle connection out and out, but that this bill
was very different affair. 1t merely was intended
to enable the people Of considerable tract Of coun
try to get their produce to the Danville road.
Mr. Boyd said the people Of Rockingham much
f preferred the road from the Coal6elds to Greens
boro. But seeing no hope Of that, he accepted the
bill as amended Ifthey could get the stock taken
E in it, we'll and good; If not no harm was DONE II
appeared to be the general opinion Of the Senate
that the original bill was the Danvlc Connection II
Disguise and while that the case he would let il
5 drop.
The bill passed its second reading lis to 10, and
the rules being suspended it passed its third read
ing-23 to II, and was sent to the House for
renee in the amendments
UNIVERSITY TRUSTEES.
Mr. Martin from the joint select committee to su
perintend the election Of ten Trustees for the Uni
e versity presented report from which it appearct
that about fifty persons were voted for and that tn
following were elected by the votes annexed: p.
t Cameron 81, A. NJ. Scales n, W. Lander 75, Dew
e C. Stone "a j. j. jackson a. r. d. Hart e, X. L
t Patterson &C, T. S. d. Mcdowell n, J. N. Taylo
S &C, r. R. Bridgers -.
e At o'clock the Senate took a recess.
d NIGHT SESSION.
J. message was received from the House proposin
Joint select committee to consist Of part Of tn
r Senate and 10 on part of the House. to whom shou
be referred all matters before both branches Of tn
Assembly pertaining to the Cape Fear and Deep Riv
). er improvement Concurrcd in. and Mcssrs. Pool
!. Straughan, Brown Pitchford and Thomas appoints
d Senate branch of said committee. .-
is Also message informing the Senate that tn
Is House disagreed to the amendments to the Rcvenu
e bill.
if Mr.. Ashe moved the Senate insist Adopted, an
d the House informed thereof by message
10 HOMESTEAD BILL
IS The bill to provide for freehold homestead va
e put upon its second reading.
Mr. Ashc concurrcd in the principle Of the bill
but drew attention to the difference in value Of III
b Homestead in towns as compared with that Of I'll
is country He moved to limit the former to one acrs
"a Mr.. Donnell suggested an amendment in lieu
70 this not more than two acres or Of . grcate
Il | ,.l,o than eSOn0