Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1859-02-23


Mr.. Turner got the floor and opposed the rcsolu-
ion at much length. He moved to lay it the
liable, and called the ayes and noes Rejected. He
ngain got the foor and moved to indefinitely post
pone. He gave notice that if this did not prevail,
he would offer amendments to lengthen the time, to
shorten it. &C., and that he would make speeches on
each motion, and call the ayes and noes. Then
he proposed to leave it discretionary with the
Speaker, &C.
1t being apparent that it was determined to delay
the matter as much as possible to the hindrance of
the public business, the majority voted tie resolu
ton to the table. This consumed the time till II
O'Clock, when
The special order was taken up-Mr. Pitchford's
bill, reported by the joint select committee the
Cape Fear and Deep River improvement.
Mr.. Brown, chairman of the committee, explained
the pnssisons of the bill, and urged numerous argu
ments in its support. The bill allows the company
to proceed as now if able to do so. Should it not
be able to do so, and the works be put up for sale
to meet the payment of liabilities prior to the States
claim the Governor is directed to bid an amount
sufficient to pay off those claims and judgments,
and to secure the State, and, in conjunction with
four others, to be called board of management is
required to take possession of the entire works for
and in behalf Of the State and to continue the
at an amount not exceeding $50,0i00 per annum
for the next two years. The whole amount author
lied to be bid, # necessary, is MOTTO exceed $780,,
oo0 and this amount is considered sufficient to pay
all prior claims and protect the State from loss Oh
account of her endorsement Of 100000, with In
terest. No portion of this amount, however is TO
be drawn from the treasury except to meet pressing
claims amounting to about $4,000, prior to the
States interest; but is to be reserved to meet the
States liabilities on the endorsements they fall
due; and all expenditures in keeping up the works
are to be regarded as preferred stock by the State
at 6 per cent. The bill also provides for new sub
scriptions of stock, and these to be placed Oh
equality with that Of the State preferred stock.
Mr. Brown said this plan was agreed to without
dissenting voice, being the best that could Ee de-
viSed to protect the State at small expense, and
having due regard to the individual stockholders
Something had to be done noW or the works would
have to 60 into dapidation and ruin. He consid-
cred the bill important in another reSpect--lt
would give the State an experimental knowledge of
two years in the entire matter, as regards the min
eral wealth of that region Of country, well as in
the practicabilty and policy Of the improvement
He urged the passage of the bill.
Mr. Leach moved to amend by providing for the
payment of the "bills and notes due by the compa-
NY"
Mr. Worth supported the bill
Mr. Turner the amendment.
Mr. Pitchford said it was not the intention of the
committee to provide in the bill for the payment of
all claims indicated in the amendment. There had
been much speculation in the work-money borrow
ed from banks by individuals to invest with eXpec-
tation of large profits-labor done for contractors
&c. They did not consider the State should he cal
led upon to pay more than she was legally and NOR
ally liable for 1t was proposed to admit such claims
as were referred to preferred stock on an equali
ty with the State, and that appeasett to be much
as could be reasonably expressed.
The amendment was rejected.
The hill aS amended hy Mr. ptchforf1>S SuhStitutn
then passed its third reading by vote of q to 90
The Senate took recess.
AFTERNOON AND NIGHT.
The afternoon session opened with an hours waste
of time by McSsrs. Turner, Miller and Mcdonald, in
opposition TO bill to establish an election precinct in
Northampton county. The bill ultimately passed.
Mr.. Bledsoe moved to take up the bill relative to
the sinking fund and place it on the file. This bill
informally laid on the table till the passage Of
the revenue bill, and that bill having passed,
Mr.. Bledsoe moved to place it on the file that it
might take its course.
Mr. Turner called for the ayes and noes, and then
he moved to lay his call upon the table, and he cal
led for the ayes and noes that.
Mr. Blcdsoe merely desired to state that the re-
venue bill provided for the sum of $4,000 for the
sinking fund.- and that without the passage of the
bill, it would remain in the treasury as surplus
revenue and would not find its way into the fund.
II it was the intention to defeat that he had moth
ing more to say He would not be party to this
loss of time.
The opposition was continued, and seeing the mat
ter was not to be allowed to be settled Mr. Bc,soe
withdrew the motion, amidst laughter from the op-
position
THE REVENUE BILL.
Mr. Steele, from the committee of conference on
the disagreement to the amendments of the revenue
bill, reported that it deemed eXpedent in the
Senate to rccede from the following amendments,
viz: that taxing sellers of all kinds of beer that tax
ing gold and silver headed canes, nconsidcrable
that striking out the section relative to marriage IL
censes deeds of trust, &C.. and one or two others
not deemed necessary, as they provided for in
the other sections of the BILL The House agreed to
concur in the remainder. Report concurred in.
STATE BONDS.
Mr.. Gorrel moved to reconsider the vote on the
bill relative to the issue of State bonds passed
terday
Mr.. Brown stated the object of the motion to be
to amend the bill in an essential point The provis
ion relative to 500 and 5000 bonds was subject to
that making the bonds run thirty years. He sale
it was asccrtained that these small bonds were moi
saleable at all in New York, and if they had to run
thirty years they would not be sold here; it was
therefore proposed that they should be issued to
ten years only, if desired by the purchaser. With
these small bonds would be quite imperative.
The bill was reconsidered and the amendment
adopted.
GREESvILLE AND FRENCH BROAD ROAD.
The bill to amend the charter of the Greenville
and French Broad Railroad company put upon its
second reading.
Mr.. Gorrell moved to strike out the first section
providing for a change of guage. The bill then, ht
said, merely gave the company power to receive
county subscriptions allow the counties along
the route to tax themselves to build the road.
Mr.. Miller opposed the bill unless passed as hi
had introduced it.
Mr.. Edney supported the bill. He thought sure
ly people would be allowed to build the road with
their own money
Mr.. Basnight was for allowing them to take thu
road just where they pleased.
The amendment was adopted to s.
Mr.. Cowper moved to amend by providing thai
the act shall not take effect till the amended charter
shall be approved by the Western n. c. Company
and that no portion of the four millions of dollar.
subscribed NV the State shall he exDentled till tha