Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1859-02-08
The Staqaato.
LEGISLATURES OF NORTH CAROLINA,

LEGISLATURE OF NORTH CAROLINA.
rs,pAr. Feb 9Th, 1859.
SENATE
The Senate was called to order at 10 O'Clock.
Reports from Quantities we're presented ~
Ncsxsx Brown. Houston, Lane and Battle
! A message was received from The House. trans
hitting the bill to amend The charter d The WI.
min.ton Charlotte and Rutherford road. and asking
the concurrence Of The Senate In an amendment TO
the same. Concur.cd tn
sAxx ov Sux STATE
On motion Of NJ. 1anc. the bill to extend the
charter Of the Bank Of the State SIX yess vas taken
up the question bcins on amendment 10 limit the
issues to Is and ovrs.
The amendment Was adopted-e& 10 16.
Mr.. Ashc moved to reconsider the vote. He ~
minded the senate that this hank wss largely uesd
by the State In depositins the sccripts a shss'ek
&C.. which were IN small bills to eoossdrnae ex.
tent II the bank were limited to Is u could nns
receive notes Of lcxs denomination. The motion
was rejected
Mr.. Houston moved to amend by pruvidinR that
u tho bank shall suspend specie payments fns 10
days Il shall work forfeiture q the charter. and
providing. h that event. that al assst.. effects. &C.
shall he suFTrndcrri and assigned ioe The benefit 81
nc State and individuals.
Mr. Blcslxoc moved to substitute 60 In Hen Of 90
kdaya Accepted by NJ. Houston.
Mr. Lane raised the point Of oss3ss. hsmsnimcnts
Of this Kind could he cnlcstaincl ~ tbs bill pro-
vidcd merely to extend the time Al thc charter.
Mr. Houston insisted that the bill did not csll Tor
an amendment of the charter, but vas distinct
bill to rcscw the charter.
The Speaker ruled the amendment In orlrr.
Mr. Lane hopc,i the h1l would not be killed BY
amendments, but he met on It's merits.
Mr. Leach opposed tho bill
Mr. Esincy opposed the amendment We could
not get along without hanks
Mr. Cowpcr said tho object o( the amendment
was to bring hin, out on tho vote. lie wouh vote
consistently. lie dckn,lc,l the hank.
Mr. Blctsoc said hts object In the amendment wss
II act in Difference To the will of the Senate espsv<s
cd two days ago on this point lie had been dis
posed to place all the hanks on an equal fosins:
but the Senator's opposite hssi thoushs Il bcst 10
throw safeguard around The hank-shcy seemed de.
tcsmincd 10 have them and he hsd given way; and
now they surely could not complain Of the same
course being pursued towards this hank. ". Il
procrvslCd Ironically To argue the necessity snl the
l,sticc and tho propsicsy o( the Notwithstanding
d,c arguments and the language of the opposition
two days t<iorc when they forced the same amend.
ncnt on his I'LL In establish the bank a North
Carolina IN CONFUSION. he gave tho Senators rr.
Errr,i to. crvii, for acting In good hish. and he
h,rc-i they would now accept the amendment In .
Ike spirit.
Mr. Eincy said this smcndment had brcn put on
Nr. Bci-oc. hin To ,irfrst Il and u would drfrat
tA,s. lie considered Il inorersivc-it would nCv,s
he carried iaio ciIcct. lie Offered ~ . substitute
that the hank >l,a rrccivs inscscst any Lual>
notes, &c. held nv her during the suspension.
Mr.. Cowrcr sail he had oIIcrv,i the samc amend.
mcnt 10 Mr. Blci-o~s lin In good faiih-
Mr.: Miller protested against The impatasioo d
Mr. Eslncy.
Nr. Eincy tisclaime,i all intention Of imrass,;on
Mr. Steele opposed the amendment as unjust un.
,sssfsv
of suspension lie would vote against tho bil.
however. whether amended not. &c the hank
was he rr-Cs,ashri he wouil vote i.r al amend.
mcnt> tending tn put Il fotins with all others
anil then he would vo,c against the hill
Mr. Houston justified tho amenimcat lie had
vo,c,i Er Il 10 Mr. Rl~i.scs hill IN god Faith and
had o:crrd Il now in Ike good faith lie consenasd
mn hank should lc established On ans o.hrr n.in.
crlc than that 81 bcins cumrelled TO meet her obi
cations tf any should. Il would be raising up .
aid tha, u saving the people from injustice would
hrcak down institutions. In Gods name Let
them sol lie Was against sristorrscy In any and
every shape. lie had M fear IL our institutions
he desired TO sec an experiment triei-Shc lcxnia-
TURF Coz asserting che rights a The people over
these banking institutions lie defended the svstrc.
tion-would vote for the bill u spplicd not other
wise.
Mr.. Cherry said The question wss whether 4 vss
the sntcntion to cxtcnd The charter o. not. Tie
thought Il hest To do 80 The hank hs'i been shly
manasvi and had becn II much service to che State.
lie nothin. Il The esiA sSvn by osbsrs IN Shis
more than any other bank. lie thought Il better
to continue il Gil some Other systcm OF bank should
bc resolved upon.
Personal explanations wcrc here mste By Msssrs.
Bcisoc and Eincy relative 10 remarks made BY the
latter.
The amendment wss sdoptcti-ee TO u.
Mr. Mclsoc offered another amendment pscviiins
that nothing In the act should br CONSTRUED To
exempt the capital dvidrnd property and franchise
Of the corporation fiom such Tar - IN the opinion
Of this or any subsequent General Assembly might
be required
Mr. Lane moved TO amend the smendu.sns BY
limiting thc tax 10 such amount ~ may be I'M
posed on Other hanks.
Mr. Rlctisoc urged his amendment liis object
tn reserve to the State untrsmmelle povvf over
all the property o( the State. Illesv ~. r. made
another iruaical disptay-usxins the ps~cisc srxu.
mcnts and usins pretty much the same language of
thasc Senator's who hsd forced the smepdsssa: On
his hill
Mr. Lanes amendment 10 Mr. B,ci.os'. sas sdops.
cd-s4 to u.
Mr. Sterile offered an sncntimens-s Substantially
the 18th section of tho charter of tho Hank Of Cape
rcar-rrovdin. that " the hank az sny Of its hssn
chcs shall make . demand on any Other bank o.
branch. It shall be lawful COZ such bank o. branch
to pay such demand In The notes of the corporation
WsAihS W. WWnout WSarU IN INC Ppsnt ~ uhsch
they arc made payable. frst usine the notes II the
bank or branch making the demand Adopted ss
to TO-
Alr. Steele Offered another amendment providing
that the notes issucl by the hank o. bs,aches shs
be In proportion to The amount II capital q ooh
branch OF at the bank. Adopted
Mr. Edney moved TO amend BY lonsiaG branch
at llcoicsxoavillc
Mr. Lane opposed T. % 4 wss proposed to extend
the charter ioe SIX years oaly.
Mr.. Edney would rather have hssneh fus six
years than none st al Rejected II to le
W. Spcisht moved to amend BY making The indi.
vidual stockholders Liable 10 double the amount a
their stock. Adopted
NJ. Blctisoc moved to strike out 's;x- snd inssss
"thirty," ~ the number Of ysass sus which The
| charter should be extended
| p,s.hev-~l .-u~--l - Al