Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1859-01-26

carrying out their instructions when supporting it.
Mr. Jones was interrupted by the Speaker annonnc-
ing at o'clock the House stood adjourned.
4.s THURSDAY, Jan. 20, 1859.
SENATE.
The Senate was called to order at 10 o'clock
Reports from conf littees were received from Mes.
SIS. Mcdowell, Humphrey, Mcdonald, Pool Gorrell,
Lankford Speight, Battle and Dobson.
Mr. Thomas reported a bill, from the committee
on internal improvements, to amend the charter of
the Western n c. Railroad. In doing so he said
he barely recommended the BILL because he had
been prevented by the chairman of the committee,
from stating his reasons in opposition to it. This
was kind of dictation to which he was not going
to submit and he would insist in future, SO long as
he had seat that foor that the chairman of that
committee should be elected by the Senate
Mr.. Edney, chairman, explained that no bill had
been reported from that committee this session with
statement of reasons accompanying it. That rule
had been adopted, and that was the reason Mr..
Thomas was not allowed to give his reasons.
Mr.. Thomas called the Speakers attention to a re-
port of his Mr Ts) now on the desk, from the same
committee, in which the reasons for the reeommen-
dation were fully given. p. -
The Speaker suggested the withdrawal of the bill
to enable Mr.. Thomas to make minority report
Withdrawn accordingly.
NEW BUSINESS.
Mr.. Mcdowell introduced bill for the better reg
ulaton of Pilotage on the Cape Fear river and the
Sound. Placed on the file.
Mr. Straughan, bill to prevnet the sale of intox-
icating liquors within two miles of Mount Vernon
Male and Female Seminary, Chatham county. Re-
ferred to the committee on education, &c.
Mr.. Worth, bill to amend the 37th sec. 1O1st
chap. Rev. Code. Judiciary.
Mr.. Lane, bill to extend the charter of the Bank
Of the State. Made the special order for Tuesday
next at 12 o'clock. e.. --
Mr.. Basnight bill concerning Sheriffs Judi
ciary .....
Mr.. Bledsoe, resolution in favor of the superin-
ten den of public buildings. Referred.
PACIFIC RAILROAD.
Mr.. Thomas resolution ilstructing our repre-
sentatves in Congress to support the President in
his efforts for a railroad from the Mississippi Valley
to the Pacific ocean, so far as they under the
Constitution of the U. S. Laid over for present
list of magistrates for Tyrrell was concurred in.
Mr.. Leach called up his bill to increase the reve-
nue. on railroads. He offered an amendment exemp-
ting the officers of roads from all the provisions of
the BILL except that they should not be permitted to
ride over other roads than their own without paying
fare.
Mr.. Ashe suggested an amendment confining the
operations of the bill to roads in which the State was
interested. Adopted by Mr.. Leach.
Mr.. Lane moved to indefinitely postpone, and
called for the ayes and noes. Rejected 90 to -.
After further discussion, on motion of Mr.. Leach
the bill was laid on the table for the present.
TIE BANK OF NORTH-CARoLlNA.
The bill to establish the Bank of North Carolina
being the special ORDER taken up on its
ond reading. The bill proposes to establish the
principal bank at Raleigh. The capital proposed is
three millions of dollars, in shares of 500 each.-
Provision is made for the investment of public funds
the management secured to private stockholders
The entire provisions of the bill similar to those
of the charter of the Bank of Cape Fear
The Senate proceeded to consider the bill section
by section. When the 10Th was reached,
Mr. Steele offered an amendment providing that
all the notes issued by the bank or branches should
be made payable and demandable at the principal
bank. The evils growing out of branches, he said,
were patent to ALL He was opposed to banks being
placed in position to issue bills here payable, say,
at Cherokee. His amendment would have tendeI,-
cy to prevent the over issues and to keep the bank
in healthy condition. The Legislature should en-
deavor so to regulate these matters to keep, as
near as possible the issues in proportion to the hard
cash on hand.
MIR. Cherry concurred in the necessity of specie
basis But he thought the amendment was offered
as against banks with branches. 1t was indeed o
radical change proposed If all the notes be made
payable at Raleigh of course all the specie must be
concentrated there. Then, he asked, what use was
there for branches? lie argued this point at length
and defended branches, and showed the hardship
which must result from the plan proposed by the
amendment. He suggested an amendment which,
he thought, would meet the object of Mr. Steele
that the principal bank nor any Of its branches,
should issue any bills except payable where is.
sued.
Mr.. Steele argued to show that though this plan
should be adopted at the beginning, after while
exchanges of issues, &c, would bring about the old
state OF things. All he wanted was that when a
man got hold of bill he should know where it was
to be cashed Cited instances of floods of bills in
circulation payable at distant points. Banks should
make their issues payable at the most accessible
point. ~. ,.. .,t..
Mr.. Bledsoe concurred with Mr. Cherry in his
views of tic policy Of concentrating specie at one
point, and showed the hardship in compelling peo
pie at distance to come to that point Mr. Steele's
plan, he thought would not remedy the defect o
which he complained. 1t would work injustice to
parties at distance, and would put the bank at the
mercy of foreign brokers.
Mr.. Gorrell concurred in the views of Mr. Steele
though he would prefer modification Of his amend
ment. He thought banks ought to be prepared to
meet brokers, especially at the capital of the State
Cited difficulties in brokers and others getting their
notes cashed at distant branches and contendcd that
the deprecated value of our money abroad was at
tributable to these difficulties. He thought good
would result from the amendment if modified SO as
to require certain proportion of the issues to be
payable at Raleigh. He suggested an amendment
that all the issues over So be made payable at the
principal bank !; those of S. and under at the
! branches.
Mr. Cherry followed in opposition to the views o.
| Mr.. Gorrell
t[ QUESTION OF PRIVILEGE
message received from the House requesting
leave of absence should they REQUIRE it. for Messrs
Dobson and Martin, to appear before the COMMITTEES
on privileges and elections to give certain evidence
providing they should not be required to divulge
| confidential compunications, &c.
| This led to lengthy discussion on the subject o.
personal privilege, and elected some nice points o.
parliamentary law. Messrs Brown, Pool Cherry
Ashe, Steele, and others participated. The matter
was shortly this: Messrs Dobson and Martin wers
notified by the committee privileges and elections
of the House of Commons to attend before saiG
committee, which they failed to do; hence the mes
4 II confondod in fhn to ffot this