Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1859-01-25
The Standard.
LEGISLATURE OF NORTH CAROLINA.
YsspAr, Jan 81, 1859.

The Senate was called to order at 10 O'Clock.
- Rsps.. % s. Ssm ss.: .s s :ss.
Mr.. Pool. from the joint select committee on the
Cape Fear and Deep River Navigation Company.
presented IN elaborate svpost and substitute fus
The bill introduced by Mr. Ssrsughsn. which wrsv
ordered to bc printed The bin vss made the spe-
cial order for Wednesday at II O'Clock.
Mr.. Martin. from the Joint select committee on
the Yaikin River Navigation Company. presented
report also. which Was us,lcrcsl TO be printed
NEw BUSINESS.
Mr. Ylsnncr introduced bill to incorporate the
Newborn and Baltimore Steamship Company. Re
fcrTcd to the committee on corporations.
Mr.. Thomas hill to establish the Miners and
Planters Bank, Murphy and Cherokee. hanks and
currency.
Mr. Donncll. bill to subject chooses in action TO
the payment Of debts. judiciary.
Mr.. Boant, bin to amend The charter Of the
Grccnvillc and Raleigh Plankruad Company. Same.
Mr. Donncll was appointed on The joint select
committee on the North. Carolina Railroad In place
Of Mr. Carmichael. in,ii.pascd
The joint select committee on the Atlantic and
n. e. pad 'cccivcd power 10 send for persons and
papers, and to examine witness - on oath.
noS CALVIN GRAVES.
Mr.. Cu,s;eeham moved that Hon. Calvin Graves
tprcscnD he invited to scat thin si.~ lar .f tic
Senate. Unanimously agreed to- and Mr. Speaker
Clark thcrruPon cxtcicsi the invitation which MAS
accepted
\ message received iron, the House transmitting
. message from the Govcrnor with accompanying
report by CON. Wilkes L. $. ~. on the mineral
RESOURCES Of the Cape Fear rvS;cn. with PROPOSE.
ton To print sn copies for each member Of both
branches 81 the assembly. ConcuI~l In.
\ message from the House transmitting sund-y
bills, Xc. for ratification
rHE BANK NoRru.r AsotiSA.
The unfinished business Of yesterday. tho TN 10
establish the Rank Of North-Cssolns Was now
sumCd
Mr.. Stscl- o.fcrel an additional section. ~ an
amendment. trp,t!ins that whvEv the hank or any
NJ its branches shall make alnani upon any other
hank or branch, the notes It the hank or branch
making such demand shali first Lc used in paynsvnt
ii the same. Adopted
Mr.. CowISr moved Z. amcs.d the 9sth scS. rcia-
tive the issues II bills low three dollars BY
striking out =; snd inserting a..
Mr. Cherry dv>irvl To- scv th;s hank rlacc,l on
equality with the Hank of Cape Fear, which had
power To issue 81 hill..
Mr. Blricc took the same view. There was a
provision in the I'LL rc>Vring 10 the State the right
hereafter tn r~iric the i<.uc To- 80. u the SCst.r
Mr. Cowpcr, would inir.lucv general law rT.l,S.-
itins bills '.clow -. the iriCnds u this bank cUuh
no, cp,,,Iiain.
Mr. Wslkup was in favor Of small hill. un,lCr
present Circumstances. lie opposed tlsc amCsd.
rncti:.
Mr. Brown thought the present an au.p;c;.ss time
argument used 10 &c that sClf-ncc dCmanli thee
issues n tho S,s,Cs an 10th s;v. Of us wv.c Ho.l
in: them in upon US. u there any .Src in
tia, argument. which he denied the yya>cn far !,
mn longer existed Virginia. on the North. hail
,icv away with the nui-ancr with the. mos, brgsC
fetal ryS- and Souilt srcli,sa he was is.lss,,,,
had p.vn,y lCIi>latcd mc~t .;rinzcnily against Il
after is'': therefore this ,ui no lcu=sr i,c
urged Talk about c,l;sslty between the hank. he
exclaimed II weighed hu as dust IN il,c balance in
COMPARISON with the equality of the rights cf the
people. The los. he ssid. on small notes. In the
pco, lc. by wear anil tear. estimated ., % pcr
cent s'.,i this lee 'v:arc'i a the people
Tor the benefit of these corporations. Mr.. brown
argued the question at s"mc length. aud n ecncu
sion said that when the hanks demanded the cxpul
zion Of the constitutional currency from the State
they did by these rCIva,C,, acts tho people were
mo-, or an equality with them
Mr. Elncy contcnlc,ithst Mr. Brown was wruas
in his views on this question. lie cpuli not sec
why 81 bill should wear out sooner than IS.
II the issues Of small bills were prohibited In this
State South Carolina would hooi Us with them.
Banks were based upon paper issucs-Lcing allow.
cd to issue :hrrc dollars to occ-nc, upon spcSic
system. We were not he saisl and never could Lc-
conc a hard money" people. There was no,
enough 81 the precious metals 10 enable TO ic-
come So This Van Burcn currcncy cuuld not lc
introduced. lie went 10 show that there were
miscrs enough in the country TO hcarl up all the
specie and thus keep Il out Of ciTruia,icn Five
dollar bills would 40 for the rich but no, Sar the
poor. We wcrc no, fvC-,lular people. The at
tempt to deprive the people ii circulating ms,iiu
impracticab!c. The West was Glc,l with G.cr.
gia anil Tennessee wild cat bills - ,o the amour,
VI millions.
Nj. Brown said Mr. Esincy hal sc, on, with prom.
i>ing 10 give him Mr. IL sc,nC information on the
question under eonsiit ration: Tut instead of doing
this. he had convinced him that he Mr. IL might
profit by little information himself ~ he had
stated that Souhl aruna hal rccvnsiy prohibits,
the issues Of small hills after isGa.
Mr.. E'incy said he had Just received letter from
a president or South-Csrclina hank in which he
was informed that the Proposition had not passed
into Law IN tia, State
Mr.. Brown had got his information from Mr. Asbc
who had extensive AMI ffcquCnt intercourse with
tina, State Mr. Eincy. continued Mr. IL. thinks
VIC cannot introduce this faa Bsrss currvn-y:-.t
thought Il wasa J,ciSss currvsscy. AZ all Svcn;s.
VIC don't want hard cider currency. I bops VIC
shall never sec that again" Mr.. Brown Continued
Talk Of dcprsins tic people of circulating medium
by supervising this nuisance Of small bills. When
the hanks tramp!c upon the rights of the people
they were the wrong PLACES In which the people
should ay. II tho opinion cf the mort cnlisht.
cd men In the country that small notes were nu.
sancc. and the confederation Of putting hanks on an
equal footing weighed A. nothing against Il. The
principle should he regarded only. The notion Of
impracticabity nc considered great mistake. The
examples Of other States proved Il.
Mr.. Cooper concurrcsl with Mr. Brown. The poo.
pic of North.Carolina were no poorer than those Of
Virginia. lie lived on the Virginia line and saw
the effects Of the change upon the people there. AZ
first he said, there dissatisfaction but Il
soon disappeared a. specie began 10 low in upon
them and now specie was a. plentiful amongst the
poor small bills had been before. lie was ocpc<.
cd to the small issues and was on committee
Mr.. Edncy said the Senator mir. h should have
shown how small bills were a uttisancr