Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1859-01-25


ead - ssa vseh sssiaeassy y rsosssA He ~
Qs3sd - ncese - IN ssa
~. kmy Nd eodussed N svpeaI a The esne.
ri NJ - seNina IN drfsvoce 10 lhe WISHES al sie
peop,e upea whom svpuh,scsn Sosm a government
were hosed lie thought this hank sAout be put
on Q toustog With others. Ibc tosmcr restrictions
resulted IN sbe violation a The Isu and similar
ssrsetsoss would result 80 sesin Ssnsn nosrs usse
used - ehaan He sess lnss . cs"s By vau
cus nose - Ihe hanks vssw hound 10 svssssm
thsm Ihs snes"ce a hard sponey be ssinhussd
20 exensnee ossns s&s'nss us snd 70 uss Pe'sey a
INC scnemA soscsnmsnt IN ths sssssef.
NJ. worth dcnScd that the tssue az posr> lrSs
than dvc dollars exeipdcd change. lie could not
&C but 10 The contrary. lie opposed tbe amend
ment bccansc he Thought The effect Of u vclld DC
The rvvesse Of what vas expected
NJ. Bsouu would answer by fsefs not 20 he qvcs-
toned lie insianc~i The Distriet a Coluraisa.
which wss inundated with snail h'is I'll Congress
passed. Stringent hu TO pfohibst thsn and The con
sequence Of hsf was an sbu'sSanc~ a Scsd and
silver. and no such nuisance as . r";c unseF hsc
dollars The t~ncfioiL ELECTS IN Virgins. from
similar policy. he had personal kncuisdsc a The
same too IN Maryland; rosi snd silver weso alum.
dani IN balt;mose and aiio,sf The State Tic ,sss.rd
Z. The opinion Of cmirssn; sssn: Ia Grvst tsstsio
during the administrator Of the younger P''i. e
was psoposed to issue one and tuo pound noscs;
bat that sa<seious statesman DECLARED thai u They
IN England: the cheaper currency veald drive
them out Ms. Brown pursued tic sssices. and in
conclusion said that &c !, the insensica 10 give
TO the hanks Che nsp~.peiy cf shc whole cusTvscy.
down 70 eoe dollar. then The hsnks bad conq"escd
u'c people lie meant no fvsscstSon
~. Thomas kncu iron. rsr>esssl .'terxai'on that
What had been stated relative 10 Wsshinrtcn City
and Issltimosv ~ss correct and be p-occcsscl 10
show the reverse Uf t. lie thcs--ht strange tlrs.
hanks should seek the rssvtlc-c a isssing ssnsll
notes u there was no benefit in T. Every iaat
that so, this psivilcv would use q. influence asans,
general change when sa,s-ht to BIC bsusrhs about
The arguments sivsncrd Rad rlrpa.t changed he
course on the hll lie rvmcmissvd the sHcsts al
small noss. on The people az The wsss; they bad
had their fingers burnt: and xhcn Other sections
suffered AZ they had They. tor would seek The
change. There would BIC M disbnilty IN srstil-
sp~rsc lie 6rcsci The schc,nc a paving The school
fund In specie. lie agreed Nth w. Eroun that the
true policy al The government uas Z. keep doun Dc
psvcistcd currvncy. Rank notes. n prosperity guard.
cd were beneficial TO commerce and Industry: i.ss
Il was not the case with small ones csscusiin-
medium lie proposed to return to tho oh r.liey.
and the people of the State appeared 10 desire T.
VIC were nos guarded by Virginia and South.
Carolina
Mr. speisht had always been opposed 10 snail
notes but tvo years ago thc rstric.on vas repeal.
cd lie hsa voted 10 take the rcssrics;ea cd ,is
Rank of Cape Fear and n-u rv-rsssed that ,otc.
lie would nos. however return his original res;
ton AMI would oppose al notes under Eve dc'lsrSs
Mr. Cherry had thought Il hul tsss To I,ut thi.
hank On footing ~ith others; hos. rsticctioa.
he f.lt boun'i 10 vote SOC The amendment
The amendment vas adcptc-i-ayes g. navs j..
Mr. Guyihsr ,r'c TO res the aaor. To explain ihs.
on The committee on hanks and currency he moved
10 strike out o. and insert S. last fsilesi
Mr.. Couptr offered another amendment fcsesvsns
In the State the right 10 psois issucs lcss tissn
sio but wishsss~ Il.
On motion q Mr.. Steele. the rscsisica rcsesrins
to The State the right ." linis the iseucs To g. uas
stricken out ~ surrlu.a-c.
Mr. Purhfsd ncsci 10 strike ont The first rs.ri.a
TO The 18th sec HIS Object nc esrhinci 10 nc e
enable the State 10 incrvssc the tax nn sirsrvs a
stock over ooc hundred dollars u ncrcsssry hsssaf
Ter. lie did not entertain any hostile feeling "a
this OF any Other hank but he desired Ia he len .,
liberty TO DIAL With thi. or any other tank. without
regard To others The rrcsi.isn 10 i~ stricken OCT
rfUsdei thsi The Stale should have Peuer :" iss
the stock In this hank as high ;sat Of any oshcs
In existence OF I" he HEREAFTER ei,rssrs,il
NJ. Ramsay agreed IN the abstract principle. bat
Vas opposed =" giving the legislature poser 10 dis
criminatc against this hank.
NJ. cherry wss opposed 10 blanks In charters,
Capitalists should know what they we're doing IN
making their investments.
Mr. leach was opposed 10 tying the hsn.ls q,
future legislatures.
Nr. Lane said the stock would MT be taken q
the amendment. were adopted lie thought Il .uai
rcnt the legislature had full poser over dis.iri.
Mr. Pitchfcri knew corporations wesc sio~ TO pu'
filth In legislatures others though they lived On
the fsith srposcd IN them by others
Mr. Cherry asked II any other species AZ property
vas taxed mosc than Al IN the S,ss.
Mr.. Piiehf.rd-t iaat say tbs l. taxed to ,hs,
amount.
Mr. Cherry ka~~ !, would be taxed ss high a.
any other hank STOCK.
Nr. GorrrIl ,bssghs !, u.c;cs. 10 ,s.. the hin !,
40 amended az 10 prevent tbs stock from b.;s-
taken This property would be isxsd 81.
land paid only Is ccnts and negroes cents. -
the dividends wcsc TO bc taxed also. and th cuii
bring up the sum 10 81. 20 crnt. Cor ertrx .l.o
with prospect a Il going s,il higher a MONEY a
insrrrst wrnt UNI